Solana’s big plans for 2023: From DeFi 2.0 to the first Web3 cell phone
What’s next in 2023? Important milestones — and the big vision for the Solana blockchain
Rapid rise, deep fall: Solana was the high-flyer of 2021 — and became the big loser of 2022, with a price loss of 94 percent. The main reason: the FTX crash in November 2022. The US crypto empire was one of the main sponsors of the Solana ecosystem. Repeated network failures and hacks also damaged the reputation of the crypto hopeful, which is considered to be the cheap and fastest blockchain in the world with 65,000 transactions per second.
What are the plans for 2023? Solana Foundation’s big goal is to create the blockchain for the mainstream. How is that supposed to work? With DeFi 2.0, the launch of the first Web3 mobile phone Saga and a tokenized infrastructure as well as many small improvements to the blockchain.
Solana is stronger than before the FTX crash
Solana is on a much more solid foundation today than it was in November 2022. The number of validators — the global nodes that secure the network — has since increased by about ten percent to around 2,600. According to Electric Capital, Solana attracted more developers than any other blockchain last year, growing 87…
