Render Network successfully upgrades core infrastructure from Ethereum to Solana
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The first users to upgrade will be awarded a share of the 1.14 million RNDR based on a points system, with cohorts ranging from 40 million to 220 million. The upgrade assistant grant program will last three months, after which holders will have to pay their gas prices to migrate theirtokens to the Solana blockchain. To enable asset transfers between Ethereum and Solana, the Render Network Upgrade Assistant will use Wormhole's cross-chain messaging protocol.
Wormhole, a cross-chain messaging platform, reacted to the upgrade on X, noting that"over $1.2 billion in RNDR is migrating from Ethereum to native SPL on Solana via Wormhole."Moving Render's core infrastructure to Solana would be a watershed moment, enabling substantial new features such as real-time streaming and dynamic NFTs.
Following the upgrade, the Render Network will undergo another upgrade to implement Burn-Mint-Equilibrium for the new SPL-based RENDER coins. Other additions, such as new compute client functions, are scheduled to be included in the upcoming upgrade.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends.
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