SOL Surges Nearly 7% As Team Preaches A Better Future For Solana
02 Février 2023 - 3:00PM
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After Solana’s unfortunate connection with the FTX crash last year,
sending SOL below $10, the crypto asset has been thriving to
rebound with the team’s help. The Solana co-founders, in a blog
post published earlier this week, commented on the ‘crypto market
2022’ while also preaching a better future for the Solana
ecosystem. The co-founders said in the blog post: 2022 saw perhaps
the steepest decline ever in the general public’s trust in crypto.
Much of the decline can be attributed to companies that did not
practice the ideals of web3, and the disastrous events that
followed are a direct result of their betrayal of the values we
hold dear. Solana Growth Despite The Bear Market While praising the
network for the survival of the FTX contagion, the Solana
co-founders outlined Solana’s growth over the bear market.
According to the blog post citing a recent report from Electric
Capital Developer, the network has recorded an 8% year-over-year
growth of full-time developers on the network. They also added: The
developer numbers on Solana are up 83% as of Dec. 2022 from a year
earlier. There are now more than 2,000 monthly active developers
building on Solana — second in raw numbers only to Ethereum.”
Furthermore, part of the product of the bear market effect on
Solana included a massive increase in the number of validators and
adoption of the network and a second validator client introduced by
a third party. It claims up to 0.6 million transactions per second
in a test environment. Related Reading: Why This Analyst Thinks
Traders Should Not Be Bearish On Solana Notably, the founders
touted Solana’s transaction high throughput stating that it matches
that of the New York Stock Exchange or other centralized computer
networks. The co-founders said this feature is enough to accelerate
crypto potential even further. We believe that Solana making
blockspace abundant and cheap will leapfrog crypto into its full
potential. The Past The Past Moving Onto The Next Undoubtedly, the
FTX saga was so contagious and disadvantageous that it brought down
every single firm of the project connected to it. Though the
unfortunate event affected Solana significantly, the team is
willing to leave that in the past and move on to the next thing
looking forward to what the new year has in store for the
ecosystem. Solana co-founders said: We believe 2023 will be a year
where the Solana community continues to take the reins and
continues to build the framework for a decentralized and
permissionless economy. They further outlined their vision
mentioning their aims to make one billion people in the world
self-custody their private keys while reflecting on the network’s
mobile phone, Solana Mobile. The founders added Solana aims to move
toward a better, decentralized web and make on-chain transactions
as cheap and affordable as ever. Related Reading: Solana (SOL) Is
The Biggest Opportunity This Cycle, Venture Capitalist Claims
Solana Surges Nearly 7% The blog post from the co-founders
and the increasing momentum on SOL has brought reasonable hopium
(hope) to the Solana community. The network’s native token seems
encouraged as it has spiked more than 15% in the last 14 days and
nearly 7% in the past 24 hours. SOL has climbed multiple
higher highs to get to its current market price, which sits above
$24. The token briefly tapped into a monthly high in the past
weekend, surging to $26.75, the highest price seen since the FTX
crash last November. While the token has surged 121% over the past
months, it is still far away from its peak of $259 seen in November
2021. At the time of writing, SOL is in a bullish trend, up by
6.1%, with a trading price of $24.92 and a 24-hour trading volume
of $1.1 billion. Featured image from Unsplash, Chart from
TradingView
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