This is a segment of the Lightspeed newsletter. Subscribe to read full editions.
FIREDANCER has quietly delegated the importance of 32 Solana Validators to start his new delegation program, according to the website of the customer.
Delegation, or setting up one of the crypto of an organization with a number of validators based on some criteria, used the Solana Foundation to help smaller validators get started on the network. FIREDANCER may hope that the delegation program can help to convince Validators to lead his Frankendancer customer, who is currently good for only 8% of all Stusted Sol. That share increased from 5-6% about a month ago.
FIREDANCER is one of Scratch Rewriting of Solana’s software created by the Chicago -based trading company Jump. FIREDANCER would be the first real alternative customer of Solana from the original built by Solana Labs, who is now known as agave. With two clients, Solana would be protected at a single failure point on the client side – which can cause things such as network -downtime.
A limited version of the customer, called Frankendancer because the chunks of the agave client combined with jump code such as the Frankenstein monster, went live at the end of 2024. Full fire racer is live in non-voting mode. The participant’s participants in the FIREDANCER delegation program have Frankendancer.
Onchain data show that an account is labeled by JUMP Crypto, about 20,000 SOL to the approved validators. A validator, Watchtower, received more than 1.2 million SOL. In a Discord message, Solana Foundation Validator Relations Tim Garcia said that a user named Italo, who is associated with Watchtower, carries out the delegation program for the FIREDANCER.
The participants in the deleger delegation with whom I spoke in general had positive things to say about the customer.
H2O nodes noted that Frankendancer is now more stable than the original Solana Client when it started running a validator in 2022. Ian Unsworth from Kairos Research said that the company’s validator has packed more units in blocks since he switched to Frankendancer, which translates into incrementally higher rewards. Rockawayx founder and CEO Viktor Fischer was the one-offspring that Frankendancer offers 10-15% higher performance when measured by average accounting units.