Investing.com – has already risen 136% this year, making it the best performer of the top 20 cryptocurrencies.
With the disappearance of FTX and Sam Bankman-Fried, the network certainly loses its main sponsor, but this apparently does not encourage developers to seek a new field of activity.
On a yearly basis, the number of full-time developers increased by 36% to 383 in December 2022, while the total number of developers increased by 74% to 2082. Thus, the Solana ecosystem employs more developers full-time than (300), Polygon (253), (163) and (95), according to the Electric Capital Developer report.
Shortly after the FTX debacle, the two founders Anatoly Yakovenko and Raj Gokal had already said that in the future they would focus more on their own roots. The vision they both share is that everyone should have equal access to finance, freedom and security, which is only possible through decentralization.
But Solana also had to deal with network issues several times in the last year, which at times caused the blockchain to shut down completely. Yakovenko and Gokal said Firedancer is developing a validation client that should significantly reduce the risk of network outages. Solana should then tackle a problem that has never arisen with the community version of Solana, SafeCoin.
With the Solana fork, the developers around SafeCoin founder Jeff Galloway did not create a simple copy, but improved the code on all levels. The best performance allows a validator to be used on almost any computer, whereas a Solana validator requires a powerful workstation, which is ultimately also reflected in power consumption. Security could also be improved thanks to the development of a unique random consensus.
The SafeCoin ecosystem continues to expand, as the development of the SafeBridge has for the first time created OnChain interoperability between Solana and . In addition to the fully functional CEX SafeTrade, there is already a first test version of a DEX (Safely) and the development of SafePay 2.0 is also underway. Thus, SafeCoin, as a decentralized community project in its own right, should soon be able to cover all the advanced application cases that one waits of a blockchain of the future.
Solana – Technical benchmarks
Solana is currently losing -2.98% at a SOL/USD price of $23.49, while the weekly loss stands at -2.71%.
After peaking at $17.45 on January 9, the price broke through several resistances after a short consolidation and reached the 178.6 percent Fibo expansion at $24.81. The ensuing correction encountered support at the 138.2 percent Fibo extension of $21.02, causing the 200 percent Fibo extension of 26.82 to be tested. dollars.
If one fails to break past the latest high on the daily close, expect a test of the 23.6% Fibo retracement of $22.35. Below that, attention would then shift to the psychological $20 mark and the 38.2 percent Fibo retracement of $19.63.
By Marco Oehrl