Solana blockchain announces ZK Compression, a feature reducing on-chain storage costs by 99%.

Developed by Light Protocol and Helius Labs, this utilizes zero-knowledge proofs for cost efficiency.

Helius Labs and CEO Mert Mumtaz support this innovation to enhance scalability on Solana.

Goal: Make transactions more affordable and accessible for developers.

Institutional investors like Pantera Capital and Franklin Templeton see potential for Solana to capture market share from Ethereum.

Solana's monolithic architecture and superior technology are strengths.

ZK Compression and the firedancer update position Solana for success in the crypto market.