Solana Releases Update to Alleviate Network Congestion Caused by Surging Demand

• Version 1.17.31 is the first update to address recent network congestion issues caused by high demand and meme coin activity • The update prioritizes transactions from validators with a higher stake to prevent malicious flooding of the network • Congestion issues caused failed transactions and volume spikes up to $4 billion per day • Version 1.18 with additional fixes is currently being tested on a mimic network • The updates aim to alleviate ongoing congestion problems on the Solana network