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Solana: boss doubts survival after FTX

Solana: boss doubts survival after FTX

Anatoly Yakovenko, the founder of Solana, still has faith. And he admits he doubts survival after FTX.
Most pessimists said Solana would never recover from the FTX case, when one of the network's most important investors and promoters ended up with the books in court and its executives in jail awaiting trial, except for those who cooperated. Fans have never been of the same opinion, nor have the group's executives, including founder Anatoly Yakovenko.
Yakovenko himself recently spoke in an interview with Coindesk, where, in addition to defending his network's activities, he tried to free himself from the onerous presence (or should I say absence) of one of the most important financiers of the past.

In a Tier 1 and Tier 2 world


The last few months, even though the cryptocurrency market is far from the highs of the last bull cycle, have been characterized by the emergence of many projects. Yesterday it was the turn of SUI, and a few weeks earlier it was Coinbase, projects that have a certain circle of fans, companies willing to support them and distribute information, and technical features that have been repeatedly described as very interesting.
Solana founder Anatoly Yakovenko, however, doesn't seem too concerned about what's going on:
"None of these networks are as fast as Solana, can't offer as many transactions as Solana, and don't run on as many nodes as Solana. I think we're still way ahead on the technology front."
Statements that won't fail to generate discussion not only among fans of the other networks mentioned, but also among Solana's detractors, who have played nice in recent months thanks to the network's frequent downtime.
And there's also room to talk about the FTX case, which many considered a tombstone on the future of SOlana.
FTX had a huge market space. And they were building on Solana, building a lot of applications. And when they collapsed, a huge hole was created. I also had doubts about the survival of the ecosystem.
A real fear, because it affected even those who, until proven otherwise, should know much more about Solana than those who invest, long-term or short-term, with some periodicity.
Still relevant to the FTX case, Yakovenko added:
"The other developers who are building with Solana have nothing to do with FTX. And you saw that during the last hackathon. We had over 800 projects. Our biggest hackathon ever. And that was two months after FTX collapsed."
So the numbers speak for themselves, for a project that, despite the collapse of many of the big projects that chose it - several of them led by FTX - continues to attract developers.
Important Notice: The material provided is for informational purposes only and does not constitute investment advice. The Rao Cash editorial team is not responsible for your financial decisions. Cryptocurrency assets involve high risks — conduct your own research (DYOR).

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