A core developer of Solana, known as Cantelopepeel, has left the project to start his own platform called Unto Labs. Cantelopepeel plans to build a high-performance L1 chain and predicts significant user growth for high-performance chains by 2025. The decision to leave Solana follows the departure of Ethereum developer Eric Conner. Cantelopepeel aims to create a new L1 chain with its own virtual machine and consensus mechanism. The upcoming Firedancer update for Solana is seen as bullish and has been eagerly awaited, as it is expected to handle up to 1 million transactions per second. However, the update may face setbacks due to the expected 11.2 million SOL unlock in March. The recent meme token frenzy strained the Solana network, highlighting the need for higher capacity. Despite some temporary price fluctuations, SOL has climbed back above $270.12.



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