Ethereum co-founder Vitalik Buterin expressed support for the Solana blockchain, which is going through difficult times after the collapse of the FTX cryptocurrency exchange.
The situation with the FTX exchange provoked a serious drop in the price of SOL, which fell below $10 for the first time in two years, as a result of which the coin dropped to 17th place in terms of market capitalization. Several platforms are planning to move from Solana to alternative blockchains, so the mood regarding the further prospects of this network is rather pessimistic. For example, Ben Armstrong, the owner of the Bitboy Crypto YouTube channel , believes that even more projects will leave Solana in the future.
However, not all members of the crypto community are so categorical. Ethereum co-founder Vitalik Buterin expressed support for the developers of Solana, despite the fact that it is a competing blockchain. Buterin wrote that it is difficult for him to give an assessment from the outside, but he nevertheless wished the Solana developers success. Many people bought SOL in the hope of making a quick financial gain without caring about the value of the technology itself. With those investors gone, it’s time for those who truly appreciate the potential of blockchain to shine, Buterin said.
“Smart people have told me that there are serious developers at Solana, and now that the horrible self-interested opportunists have been washed up with their money, the network has a bright future. Hope the community has a chance to thrive,” Buterin tweeted.
In early November, Solana co-founder Anatoly Yakovenko announced that the project team would focus on improving the stability of the network in order to solve the increasing problems with its disconnection. Earlier, Yakovenko refuted claims that the Solana blockchain is an “Ethereum killer” because the networks can complement each other.
