Xandeum to Reveal Solana Scaling Solution and XAND Token Launch at Breakpoint 2024

Xandeum aims to expand Solana’s storage capabilities

Xandeum, a blockchain storage layer provider, is set to unveil its innovative Solana scaling solution at Breakpoint 2024, the flagship Solana conference in Singapore. Scheduled for September 20, 2024, the presentation will outline how Xandeum’s new technology can overcome the current limitations of Solana’s storage model, enabling decentralized applications (dapps) to scale with access to significantly expanded storage capacity.

Xandeum’s approach introduces “Xandeum buckets,” a scalable file system integrated directly into Solana’s RPC nodes. This storage will be managed by a decentralized network of pNodes (provider nodes) and overseen by Xandeum-enabled Solana validators. The result is an improved, low-cost storage solution that could significantly expand the types of applications that can run on Solana.

“A low-cost, decentralized storage solution will drastically expand the application landscape. It can unlock a new revenue stream for SOL validators and stakers. The Xandeum solution will have an enormous impact on the growth of the Solana ecosystem.” —Tommy Johnson, early Solana builder, co-founder, and lead engineer at Armada

Liquid staking platform and XAND token launch

At Breakpoint 2024, Xandeum will also announce the launch of its storage-enabled liquid staking platform, set to go live on October 29. The platform will allow xandSOL stakers to capture future Xandeum storage fees, providing an additional incentive for early adoption. Stakers will have the opportunity to earn up to 10x boosted rewards, with more details to be shared at the event.

The XAND token launch is another highlight, with the first airdrop snapshot taking place on October 8, followed by the token’s official release on October 29. As part of its Breakpoint participation, Xandeum will host a booth where attendees can learn more about the staking platform, XAND token, and other upcoming initiatives.

Addressing Solana’s storage limitations

Xandeum’s new storage primitives aim to improve Solana’s programming model by addressing the limitations of the current storage system, which has struggled to accommodate large data volumes. By providing a scalable solution, Xandeum hopes to foster a new wave of web3 applications on Solana without compromising security or decentralization.

Xandeum Labs, the lead developer behind the project, has raised $2.8 million to support the scaling solution, drawing significant interest from Solana’s developer community. The company’s community-run devnet has already processed over 4 billion transactions, demonstrating the growing demand for scalable storage solutions on Solana.

The bottom line

Xandeum’s upcoming announcements at Breakpoint 2024 highlight its commitment to improving Solana’s capabilities through innovative storage solutions and staking opportunities. With the launch of the XAND token and the storage-enabled staking platform, Xandeum is positioned to play a key role in the next phase of Solana’s growth, enabling a broader range of decentralized applications on the network.