The Block reported that Privy has co-developed Fullsend, a tool that improves the transaction processing speed and stability of the Solana chain, with Solana infrastructure company Jito Labs. Privy is a subsidiary of the online payment infrastructure company Stripe, and provides embedded wallet infrastructure, a technology that creates a cryptocurrency address simply by logging in without a separate procedure. Fullsend shortens Solana's transaction latency from the existing 200ms to 50ms and includes features to block MEV risks such as front-running by bots or sandwich attacks. This tool has been operating since the beginning of this year without a separate announcement. Meanwhile, Stripe is also developing the stablecoin-centric Layer 1 chain Tempo with cryptocurrency venture capital (VC) Paradigm.
