As the community votes on the proposed Solana migration, the render token goes up 8%

Render Network says the Solana migration was necessary because of “future network growth.”

Render Organization’s RNDR is up 8% as of now after the local area began deciding on a proposed movement to Solana (SOL).

According to Vipkhoone’s data, the token is currently trading at $1.37 and has increased by 15.8% in the past seven days.

Render eyes Solana migration

According to its RNP-002 Layer 1 Network Expansion proposal, the protocol based on Polygon is considering migrating to the layer 1 blockchain network Solana.

“Future network growth” necessitated the Solana migration, according to the proposal. The undertaking noted:

“[Render needs] a high throughput, low latency blockchain for network settlement and node operation.”

In addition, it stated that the primary benefit of the switch would be its capacity to scale the network to meet its technical requirements and implement burn-and-mint equilibrium (BME).

The migration, according to the proposal, will support the BME model’s implementation by reducing transaction costs, increasing programmers’ flexibility, and reducing transaction times.

In addition, a number of Render users have expressed dissatisfaction with their Polygon experience, citing the protocol’s tendency to reorganize, centralization, and transaction fees as reasons to migrate.

In the interim, the vote is acutely challenged — 54.27% of the Render People group casted a ballot against the relocation, while 45.73% upheld the arrangement, as per the Preview information.

Casting a ballot is booked to end by 8:00 PM on April 6.

Get to know Godleak

Godleak crypto signal is a service which comprise of a professional team. They tried to provide you signals of best crypto channels in the world.

It means that you don’t need to buy individual crypto signal vip channels that have expensive prices. We bought all for you and provide you the signals with bot on telegram without even a second of delay.

Godleak crypto leak service have multiple advantages in comparision with other services:

Providing signal of +160 best crypto vip channels in the world
Using high tech bot to forward signals
Without even a second of delay
Joining in +160 separated channels on telegram
1 month, 3 months , 6 months and yearly plans
Also we have trial to test our services before you pay for anything

For joining Godleak and get more information about us only need to follow godleak bot on telegram and can have access to our free vip channels. click on link bellow and press start button to see all features

https://t.me/Godleakbot

Also you can check the list of available vip signal channels in the bot. by pressing Channels button.

This year, Solana has seen growth despite the network’s problems.

Following projects like Helium (HNT), Render is another crypto project that plans to migrate to the blockchain. Helium claimed that SOL’s fast network speed and rich ecosystem would enable it to benefit from its migration.

In the interim, Solana’s cost has recuperated from the lows of 2022, becoming by over 100 percent to eradicate the misfortunes recorded post-FTX. According to CryptoSlate’s data, SOL was trading for less than $10 at the time, but it has since recovered to $21.23 as of this writing.

In addition, DeFillama data indicate that Solana’s on-chain activity has continued to rise, with the total value of assets locked on the protocol reaching $285.89 million, a record high for the year.