Firedancer Officially Launches on Solana Mainnet

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: May 16 2026

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Block Production Milestone: Jump Crypto's validator software, Firedancer, has officially begun producing blocks on the Solana mainnet, marking a significant upgrade in blockchain infrastructure after years of development, aimed at enhancing transaction capacity and network resilience.
Cautious Rollout Strategy: The rollout of Firedancer is being handled with deliberate caution, as the team has processed millions of transactions but emphasizes that broad public use will not occur until final security audits are completed to avoid network risks.
Software Diversity and Collaboration: Firedancer, developed independently by Jump Crypto for Solana, works cooperatively with the Anza client, promoting software diversity and reducing reliance on a single provider, thereby enhancing network security.
Security and Performance Enhancements: Inspired by high-frequency trading systems, Firedancer's architecture maximizes throughput, and the team has reinforced system safety through a public security competition and a $1 million bug bounty program, ensuring robust performance during peak demand periods.

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Technical Analysis for SOL

Technical Sentiment Analysis for Solana (SOL). As of , Solana (SOL) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Solana (SOL) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	58.578	65.299	73.078	79.799	87.578	94.299	102.078
Fibonacci	65.299	70.838	74.26	79.799	85.338	88.76	94.299

About SOL

Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.To learn more about this project, check out our deep dive of Solana.The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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