Light Protocol and Helius Labs have introduced a new feature that aims to allow developers to build applications on Solana (SOL) at scale.
Mert Mumtaz, chief executive of Helius, a Solana developer optimization service, says the new ZK compression feature will reduce costs directly on the project’s layer-1 without requiring layer-2s.
[adinserter block="1"]“TL;DR (too long; did not read) – we compress on-chain state to get 10,000x scale improvements and get one step closer to building The Financial Computer – an unstoppable, global, atomic state machine syncing at the speed of light.
For non-technical folks: developers can now build and scale literally anything they want directly on Solana without needing to leave it.
Example cost difference: Take an airdrop to 1,000,000 users. This today would cost over $260,000 for state alone. Now, it’s $50 – 5,200x cheaper. But a token account is just one example of this – *everything* on Solana is an account, meaning everything can be scaled.”
The Light Protocol says the feature will preserve “the security, performance, and composability of the Solana L1.” The project notes the ZK compression testnet is now live.
SOL is trading at $131.52 at time of writing. The fifth-ranked crypto asset by market cap is up nearly 3% in the past 24 hours but down more than 2.5% in the past seven days.
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