Golden Finance reported that Solana core developer Cantelopepeel announced his resignation and founded Unto Labs, planning to develop a new Layer 1 blockchain. As the core engineer of Firedancer's new client, he led the team to demonstrate the performance of 1 million transaction processing capabilities per second and 1 billion computing units per second at Breakpoint 2024. Unto Labs will adopt a new architecture and redesign it from the virtual machine to the consensus mechanism, but it will not create an SVM chain. Cantelopepeel expects there will be tens of millions of daily active wallet users in 2025, and the new project will be dedicated to meeting this demand.