What is the state of Solana following the FTX crisis? Does it still have what it takes to win the Layer-1 race and 'kill' Ethereum? Find out in our latest interview with Austin_Federa !
About two months after the FTX collapse, the Solana network is stronger than ever, according to Austin Federa, head of strategy and communications at the Solana Foundation.token price crash as a short-term market reaction to the perceived connection between Solana and the defunct crypto exchange FTX. While FTX founder Sam Bankman-Fried was invested in many Solana-based projects, Federa pointed out he didn’t have any influence on the network’s operations and fundamentals.
According to a recent report by Electric Capital, the Solana network has been experiencing a record inflow of developers contributing to the ecosystem. “You can build new types of products and services that aren’t transaction-constrained,” he pointed out.
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