Anatoly Yakovenko, the co-founder of Solana, believes that Ethereum’s complexity highlights the importance of Solana’s mission. In a recent interview on Bankless, Yakovenko expressed his focus on building a hyperfast chain that is efficient and effective.
Yakovenko emphasized the need for a chain that works reliably, rather than relying on network effects or total value locked (TVL). He stressed the importance of creating an environment with multiple layer-2 solutions and networks for digital assets, as this would facilitate faster price discovery and product market fit. Yakovenko encouraged developers to build more layer-2 solutions and explore different possibilities for digital assets.
Solana’s native token, SOL, is currently trading at $173.10, showing a 4% increase in the last 24 hours. As the 5th-ranked crypto asset by market cap, Solana continues to attract attention for its innovative approach to blockchain technology.
To stay updated on the latest crypto news and price action, subscribe to receive email alerts from The Daily Hodl. Follow us on social media platforms like Twitter, Facebook, and Telegram to stay informed. Remember to do your own research before making any investment decisions in Bitcoin, cryptocurrency, or digital assets. Trading and transfers come with risks, so it’s essential to be cautious. The Daily Hodl does not provide investment advice and does not endorse specific cryptocurrencies or digital assets. Please be aware that affiliate marketing may be used on The Daily Hodl platform.
(Image: Midjourney)
