Solana (SOL) Founders Share “Optimistic” Vision for 2023

Solana’s founders share an optimistic report, opining that recent network developments propel their vision of a decentralized future.

Solana_Founders_Happy_Anatoly_Yakovenko_Raj Gokal_Future
  • Solana founders shared an optimistic news report, opining that recent developments propel Solana’s vision of a decentralized future.
  • According to a recent Electric Capital Developer Report, Solana’s full-time developer numbers are second only to Ethereum (ETH).
  • Solana (SOL) prices are yet to reflect if the founder’s optimism has sparked a similar disposition in the community.

On January 31st, 2023, Solana (SOL) Founders Anatoly Yakovenko and Raj Gokal published a report describing the “values” that have reportedly propelled the Solana ecosystem despite the market downturn throughout 2022.

The Electric Capital Developer Report confirmed that developers are flocking to Solana, with an impressive 83% growth year-over-year, which is “second in raw numbers only to Ethereum.”

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Furthermore, more than 2,000 monthly active developers are building on Solana, most of which stem from organic community growth. 

Since the Solana mainnet was launched in beta less than three years ago, the network’s high throughput and low fees have allowed developers to build projects, dApps, and tools that can only be built using the Solana network.

The developments have purportedly led to Solana’s vision of a decentralized future based on fair access to finance, freedom, and security without centralized financial authorities dictating society.

The Solana founders look to lead the industry into their future vision with optimism, stating that:

“We believe these changes are positive ones overall that will lead the entire industry to realize its future vision. We have never felt more optimistic about this future.”

The decentralized network has improved performance capabilities due to a series of upgrades on the Solana ecosystem. Increased transaction sizes and a live compact vote state to store and transmit less data on nodes are among the improvements made to the network.

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According to the Founder’s release, the stability and strength of the Solana network have shown resilience even amidst times of market volatility, such as November 2022 or the January 2023 “Bonk craze.”

The Solana founders assert that the cryptocurrency industry is antifragile, and in their opinion, hostile attacks actually serve to make a network more robust. They further opine that bear markets have similarly positive effects, which they believe has proven to be true for Solana, among other ecosystems that have survived the crypto winter and experienced sustainable growth relative to prolonged downtrends.

On the Flipside

  • At the time of writing, the optimistic news by Solana founders is not visibly reflected on the charts, with Solana (SOL) currently trading at $23.30 USD, a 0.94% decline from its seven-day high of $26.46 on January 29th, 2023.
  • The swift decline in the value of the Solana network calls into question the robustness of blockchain technology and the longevity of decentralized exchanges.
  • The Solana network has suffered numerous outages in the past, which is perhaps the root cause of concerns about the network’s robustness.

Why You Should Care

The reasonable growth displayed by Solana illustrates that bear markets are how networks approach development. With the crypto winter still ongoing, it remains to be seen if Solana proves to be a network that thrives when the bull market kicks off.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Monique Brelage

Monique Brelage is a South African cryptocurrency news reporter at DailyCoin focused on the Cardano (ADA) and Solana (SOL) ecosystems. She aims to convert complex topics into digestible and engaging news pieces for readers of all knowledge levels.   Before her journey with DailyCoin, Monique has immersed herself in the realm of NFTs and Web 3.0 since 2019. Her experience in multiple industries enables her to conduct critical analyses and convert it into her writing. She acknowledges the profound impact decentralization, Web 3.0 technology, and everything beyond will have on the future.   Monique completed a Bachelor of Communication from NWU in 2020. Her background in media studies, creative writing, and philosophy helped shape her method of news curation, thereby ensuring a broader perspective to help readers remain critical of what they see. Monique's articulation, writing quality, and work ethic are professional qualities she takes pride in.   Monique lives on a farm in South Africa with her partner and cat. She works on her NFT and tattoo art in her free time, and enjoys the natural world around her. She likes reading material that broadens her perspective, indie music, and video games to blow off some steam.