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Will Solana's network activity increase by 10% due to ZK Compression by end of 2024?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Solana's official network activity reports
Story
Solana Launches ZK Compression on Devnet to Cut Storage Costs by 5000x
Jul 24, 2024, 03:59 PM
Solana has launched ZK Compression on its Devnet, aiming to significantly reduce data storage costs. This new feature allows developers to compress PDA accounts and SPL tokens, potentially lowering rent costs by 100x to 1000x. The technology involves state compression, where ledger history is managed by archival nodes and account state is managed in the memory of validator nodes. Helius Labs has fully integrated indexer support for ZK Compression into Light's development CLI. A simple two-step migration guide from zkTestnet is available for developers. The initiative, described as 'brick by brick,' is expected to accelerate Solana's adoption and make it more cost-effective for developers, potentially making storage 5000x cheaper.
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Yes • 50%
No • 50%
Yes • 50%
No • 50%
1000x or more • 25%
500x to 999x • 25%
100x to 499x • 25%
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Solana up by more than 20% • 25%
Solana up by 10-20% • 25%
Solana up by less than 10% • 25%
Solana down • 25%
Top 5 • 25%
Top 10 • 25%
Top 20 • 25%
Outside Top 20 • 25%
Adopted by 1-2 projects • 33%
Adopted by 3-4 projects • 33%
Adopted by 5 or more projects • 33%