Crypto NewsAltcoinCan Solana Continue Her Ascension? SOL Founder Evaluated!

Can Solana Continue Her Ascension? SOL Founder Evaluated!

Solana founder Anatoly Yakovenko evaluated the impact of FTX on Solana.

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FTX 2022, once one of the largest cryptocurrency exchanges, went bankrupt in early November.

The bankruptcy of FTX led to a huge decline in all cryptocurrencies, especially Bitcoin (BTC). However, some altcoins have seen harder and bigger drops.

One of them was undoubtedly Solana (SOL), backed by FTX and its sister company Alameda Research.

However, while everyone was waiting for SOL to go to zero, SOL made a strong attack and almost returned to the market.

Solana founder Anatoly Yakovenko also said that he trusts Solana and always has his back.

Speaking to Coindesk, Anatoly Yakovenko said that he is not worried about the future of the Solana blockchain, even though the market is getting more and more competitive.

Noting that many leading projects have moved to the Solana network and developer activity remains strong, Yakovenko said that at least six blockchain networks will migrate to Solana in the coming months, and even zkSync and Sui Network have launched on Solana in the last two weeks.

Comparing the Solana network with other networks, Yakovenko made the following statements in his statement:

"None is as fast as Faded, doesn't do a lot of processing until Fade, or doesn't run many nodes until Fade.

We're still quite ahead of other networks when it comes to technology."

Referring to the transition of Helium to Solana, Yakovenko noted that Render also voted to switch to Solana.

As it is known, Helium passed to Solana in the past weeks. Like Helium, Render, which was originally on Polygon, has been switched to Solana for higher speed and security.

Referring to the impact of the collapse of FTX on Solana, Yakovenko stated that the bankruptcy did not harm the Solana ecosystem as much as it was thought.

“FTX had a huge place in the market. And they were building and developing a lot of projects and applications on Solana. And when FTX crashed, it created a huge hole.

I wasn't even sure myself. Will this ecosystem survive? I asked the question.

But most of the developers who developed Solana really had nothing to do with FTX, and Solana managed to survive a massive crash."

SOL, which declined to $ 8 after the FTX bankruptcy, continues to trade at $ 22.19 at the time of writing.

*Not investment advice.

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