Solana has overtaken Robinhood Chain in the number of tokenized equities holders according to the latest data from Blockworks. The network now accounts for over 1.5 million tokenized stock holders which puts it just ahead of Robinhood Chain at around 1.48 million and behind BNB chain, which still leads with 1.93 million holders.
Alpenglow will replace the voting system Solana has used since 2020, targeting roughly 150-millisecond finality after months of testing that included a failed migration and rollback.
The withdrawals took place over three hours, and the full amount was staked shortly afterward.
nder Anatoly Yakovenko stated that the development of Alpenglow could have been completed in half the time through a simpler modification to the voting program. The migration scheduled for October 21 removes vote transactions from blocks and replaces individual fees with an admission fee of 0.8 SOL burned per epoch.
Long liquidations totaled $1.05 million across Binance, Bybit and OKX during the same hour, versus $210,000 in short liquidations.
SkyAI emptied its SOL digital treasury asset and with $223.1 million in cash on hand, commenced its cash tender offer to buyback common stock and warrants at $3.00 apiece.
The company held about $223.8 million in cash and no SOL as of Oct. 16. Shareholder Bastion Trading is seeking a higher offer price.
Short liquidations reached $3.45 million across three exchanges during the same hour, compared with $80,000 in long liquidations.
The cluster also underwent six resets, a failed migration and a rollback. Mainnet validators must prepare their clients and vote accounts for the handoff.
SkyAI has sold its entire holding of just over 2 million SOL and is offering shareholders $201.3 million in a buyback. The exit price of $107.51 is the level the Solana price now has to measure itself against.
Solana co-founder Anatoly Yakovenko has said Alpenglow could have shipped in half the time through a simpler vote-program change, ahead of the Oct. 21 consensus migration that will remove validator vote transactions from blocks. Yakovenko, in an Oct.
The Alpenglow upgrade could boost Solana's market position and investor confidence by significantly enhancing network performance. Solana's Alpenglow upgrade set to enhance transaction speeds in 19 hours.