Preface by Silke Brand | Monique Brelage reported on 1st February 2023 on DailyCoin that at least two men predict a bright future for Solana in 2023 and that recent developments push forward the decentralization of the Solana ecosystem.
Values that propelled the Solana ecosystem
On January 31st, 2023, Solana (SOL) Founders Anatoly Yakovenko and Raj Gokal published a report describing the “values” that have reportedly propelled the Solana ecosystem despite the market downturn throughout 2022.
The Electric Capital Developer Report confirmed that developers are flocking to Solana, with an impressive 83% growth year-over-year, which is “second in raw numbers only to Ethereum.”
Furthermore, more than 2,000 monthly active developers are building on Solana, most of which stem from organic community growth.
Since the Solana mainnet was launched in beta less than three years ago in 2020, the network’s high throughput and low fees have allowed developers to build projects, dApps, and tools that can only be built using the Solana network.
The developments have purportedly led to Solana’s vision of a decentralized future based on fair access to finance, freedom, and security without centralized financial authorities dictating society.
Solana Upgrades Lead Industry to Its Future Vision
The Solana founders look to lead the industry into their future vision with optimism, stating that:
“We believe these changes are positive ones overall that will lead the entire industry to realize its future vision. We have never felt more optimistic about this future.”Anatoly Yakovenko and Raj Gokal
Image Source: DailyCoin
The decentralized network has improved performance capabilities due to a series of upgrades on the Solana ecosystem. Increased transaction sizes and a live compact vote state to store and transmit less data on nodes are among the improvements made to the network.
According to the Founder’s release, the stability and strength of the Solana network have shown resilience even amidst times of market volatility, such as November 2022 or the January 2023 “Bonk craze.”
The Solana founders assert that the cryptocurrency industry is antifragile, and in their opinion, hostile attacks actually serve to make a network more robust. They further opine that bear markets have similarly positive effects, which they believe has proven to be true for Solana, among other ecosystems that have survived the crypto winter and experienced sustainable growth relative to prolonged downtrends.
Why You Should Care
The reasonable growth displayed by Solana illustrates that bear markets are how networks approach development. With the crypto winter still ongoing, it remains to be seen if Solana proves to be a network that thrives when the bull market kicks off. The Solana network has suffered numerous outages in the past – the latest occurred on February 25th 2023, which is perhaps the root cause of concerns about the network’s robustness.