EIP-7781 was put forward by Ben Adams, who is a co-founder of Illyriad Games, on 5 October.
Solana processes 3,000% more transactions than Ethereum and has 1,300% more daily active users.
Originally, the SEC was expected to make a decision by 26 and 27 September 2024. However, they have now moved these deadlines to 10 and 11 November 2024.