The founder of Ethereum (ETH) offers words of encouragement to the developers of rival smart contract platform Solana (SOL) as the bear market battle continues.
former billionaire To tell Now that the “horrible opportunistic money” has been washed out of Solana, the future of blockchain looks bright and hopefully thriving ahead.
“Some wise people tell me that Solana has a serious and wise developer community. And now that the terrible opportunistic money people have been washed away, the chain is bright There is a future.
hard for me [the] I hope the community gets a fair chance to thrive, albeit outside.
Recently, Solana and its ecosystem have been in free fall. SOL is down more than 96% from its all-time high of $259.24 set in November 2021. ETH’s rival is hovering at $9.81 at the time of writing, and he’s up 2% in the last 24 hours.
Yesterday, crypto exchange platform Matrixport announced that it would be delisting Solana and all its related products. The company has even said that it will not list SOL products in the future.
The delisting also drove down SOL and some of its related digital assets, including decentralized exchange (DEX) Serum (SRM) and liquidity provider Raidium (RAY). Both assets are down more than 99% from their all-time highs.
However, the SRM has recovered slightly over the past 24 hours as it is up $0.151 and 19% at the time of writing. RAY is worth $0.145, up 2% on the last day.
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