Squads Protocol V5 To Launch On Solana Mainnet Later This Year

According to PANews, the Solana ecosystem's multi-signature protocol, Squads, announced in an official blog post that Squads Protocol v5 will be formally validated and launched on the Solana mainnet later this year. This new version will allow users to have finer control over smart accounts, thereby accelerating the adoption of smart accounts and account abstraction on Solana and the Solana Virtual Machine (SVM). The update will introduce features such as synchronous transaction execution and will also include performance and memory improvements.