Solana climbs 8% in 24 hours: Is the new network upgrade the reason?

Victor Olanrewaju

The project mentioned that the v1.17.31 update on the MainnetBeta would resolve the congestion issues.
SOL’s price increased but on-chain activity slowed down.

After several days of waiting,

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Solana climbs 8% in 24 hours: Is the new network upgrade the reason?