Solana Company has unveiled plans to establish a high-performance network, known as the 'Pacific Backbone', which will connect major cities in Asia Pacific. This initiative is aimed at supporting the growing demand from institutional participants, including market makers, high-frequency traders, and traditional finance firms entering the crypto space.
The buildout of the Pacific Backbone is scheduled to begin immediately, with a focus on optimizing performance and launching new products over the next 12 to 18 months. This will include the development of DeFi tools, liquid staking, automated market makers, and execution services tailored for regulated financial institutions.