Solana has formally reduced its slot time (the interval for producing network blocks) for the first time since its mainnet launch, reaching about 350 milliseconds and targeting a further cut to 300 milliseconds. Bitwise Chief Investment Officer Matt Hougan said investors have underestimated the progress of public-chain technology in recent years. He argued that blockchain performance now far exceeds levels seen during the 2019-2021 bull market, when inadequate on-chain capacity was a major obstacle and that problem no longer exists. His comments cited a post by Jacob Creech, Vice President of Technology at the Solana Foundation.