🤔 Do you still remember Solana, which was once supported by crypto mogul SBF but almost went to zero after the collapse of FTX? How did it rise from the depths to become a dazzling star in the on-chain economy?
🚀 At the beginning of 2021, SBF boldly claimed on Twitter that he would buy all SOL at a price of $3, when Solana was still relatively unknown. But just a year later, the price of SOL soared to $230, an increase of over 150 times, shocking the entire crypto industry!
💔 However, the good times didn't last long. In 2022, with the bankruptcy of FTX, Solana seemed to be sentenced to 'death'. TVL plummeted, star projects left one after another, technical issues arose frequently, and the community was in despair. The price of SOL once dropped to $8, a decline of over 96%, seemingly unable to recover.
💡 But at this moment, the Solana Foundation chose a pragmatic path to revival. They made their financial situation publicly transparent, optimized network infrastructure, and reduced downtime incidents. More importantly, they increased the frequency of hackathon events, attracting the attention of developers worldwide and incubating a batch of highly promising projects.
🚀 In 2024, Solana finally welcomed its rebirth. The price of SOL climbed back to a high of $260, surpassing the peak of the previous bull market. From the low to the high, the increase was over 30 times, completing an astonishing phoenix rebirth!
🤔 Are you curious how Solana achieved this feat?
💡 The key lies in its pragmatic technology and ecological diversity. Solana did not shout slogans like 'disrupt' or 'change the world', but focused on improving efficiency and reducing costs. With the ability to process over 65,000 transactions per second and transaction costs as low as $0.00025, Solana became the preferred network for MEME trading. From payment tools to Web3 social interactions, to consumer devices, Solana's ecosystem covers all aspects of users' lives.
💡 More importantly, Solana has created value for developers and users through practical actions. Its hackathon events not only enhanced community vitality but also incubated a batch of highly promising projects. These projects quickly came to fruition after the hackathons, injecting strong momentum into the ecosystem.
💥 The story of Solana teaches us: even if you fall to the bottom, as long as you persist in pragmatism and innovation, you can definitely rise to the top again!
🚀 Now, are you also full of expectations for Solana's future? Let's witness it continue to write legends in the crypto world!
