Delphi Digital is betting that Solana’s subsequent main improve cycle will reposition the community as an “alternate grade” setting able to supporting onchain order books that may realistically take care of centralized venues on latency, liquidity depth, and market construction. In a Jan. 20 put up on X titled “2026 is the Yr of Solana”, the analysis agency argued Solana’s 2026 roadmap is its “most aggressive improve cycle” but, one which “overhaul[s] the whole lot from consensus to infrastructure to grow to be the decentralized Nasdaq.”
Why Delphi Digital Calls 2026 “The Yr Of Solana”
Delphi framed the roadmap much less as a seize bag of efficiency enhancements and extra as a capital-markets push: “Solana’s roadmap is about reworking it into an alternate grade setting the place a local onchain CLOB can viably compete with CEX latency, liquidity depth, and equity. Listed below are all of the upgrades making this attainable.” In that view, shaving milliseconds issues solely insofar because it produces predictable, enforceable execution outcomes for functions like high-frequency buying and selling and central restrict order books.
The centerpiece, Delphi wrote, is Alpenglow, a consensus redesign it referred to as “probably the most vital protocol degree change in Solana’s historical past.” The agency stated Alpenglow introduces a brand new structure constructed round Votor and Rotor, with Votor altering how validators attain settlement. Reasonably than “chaining a number of voting rounds collectively,” validators would mixture votes offchain and “decide to finality in a single or two rounds,” producing “theoretical finality within the 100-150 millisecond vary, down from the unique 12.8 seconds.”
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Delphi emphasised Votor’s parallel finalization paths as a resilience function, not only a pace play. If a block will get “overwhelming help (80%+ stake)” it finalizes instantly; if help is between 60% and 80%, a second spherical triggers, and finality follows if that additionally clears 60%. The aim, Delphi argued, is to protect finality even with unresponsive segments of the community.
Alpenglow additionally introduces what Delphi referred to as a “20+20” resilience mannequin: security holds so long as not more than 20% of stake is malicious, whereas liveness persists even when one other 20% is offline, “tolerat[ing] as much as 40% of the community being both malicious or inactive whereas nonetheless sustaining finality.” Underneath this design, Proof of Historical past is “successfully deprecated,” changed by deterministic slot scheduling and native timers. Delphi stated the improve is predicted to roll out in early to mid 2026.
Delphi additionally pointed to Firedancer, Leap’s C++ validator shopper, as a structural improve aimed toward lowering a long-standing operational danger. Solana has traditionally relied on a single shopper, now referred to as Agave, and Delphi described that “monoculture” as a central weak spot as a result of client-level faults can cascade into broader community halts.
Firedancer’s goal, Delphi stated, is a deterministic, high-throughput engine that may course of “hundreds of thousands of TPS with minimal latency variance.” Forward of full readiness, Delphi highlighted “Frankendancer,” a transitional construct that mixes Firedancer’s networking and block manufacturing modules with Agave’s runtime and consensus elements, as a bridge to “considerably” elevated shopper range.
On infrastructure, Delphi spotlighted DoubleZero as a non-public fiber overlay for validators, likening its transmission profile to conventional alternate connectivity: “the identical infrastructure conventional exchanges like Nasdaq and CME depend on for microsecond degree transmission.” The argument is that as validator units increase, propagation variance turns into the enemy of tight finality home windows. By routing messages alongside “optimum paths” and supporting multicast supply, Delphi stated DoubleZero can slim latency gaps throughout validators—an enabler for each Votor’s quorum formation and Rotor’s propagation design.
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Delphi additionally framed Solana’s block-building roadmap as a market-structure venture. It described Jito’s BAM (Block Meeting Market) as separating ordering from execution by way of a market and privateness layer, with transactions ingested into TEEs so “neither validators nor builders can see uncooked transaction content material earlier than ordering takes impact,” lowering pre-execution conduct like frontrunning.
Harmonic, in the meantime, targets builder competitors by introducing an open aggregation layer so validators can settle for proposals from “a number of competing builders in actual time,” with Delphi summarizing: “Consider Harmonic as a meta-market and BAM as a micro-market.”
Raiku rounds out the thesis by including deterministic latency and programmable execution ensures adjoining to Solana’s validator set, utilizing Forward-of-Time (AOT) transactions for pre-committed workflows and Simply-in-Time (JIT) transactions for real-time wants—with out modifying L1 consensus.
Delphi in the end tied the technical roadmap to market demand: Solana’s spot buying and selling gravity, the consolidation of onchain perps towards a handful of venues, and the necessity to attain efficiency parity with centralized platforms. It cited expectations for “new Solana native perps like Bulk Commerce coming early subsequent 12 months,” and pointed to merchandise like xStocks bringing “onchain equities on to Solana,” arguing that liquidity and a focus are consolidating towards a series with sooner settlement, higher UX, and denser capital.
At press time, SOL traded at $127.
Featured picture created with DALL.E, chart from TradingView.com
