20% of Solana's ecosystem projects have been invested by FTX, Solana founder calls for a rebirth in the fire

The famous summit "Solana Breakpoint" held in Amsterdam is considered one of the reasons for the rise of Solana. During an interview with Solana founder Anatoly Yakovenko, he discussed the significant impact of FTX on the ecosystem and emphasized that now is the time to pay attention to Solana.

First image and interview source: Cointelegraph

Approximately 20% of Solana Projects Backed by FTX and Alameda Research

Yakovenko stated that about 20% of Solana projects received investments from FTX or Alameda Research, with 5% of these projects still holding assets in FTX.

The most painful part is that these teams placed their funds in an exchange that seemed trusted by everyone, only to watch their long-term operating capital vanish, which is a catastrophic failure for these companies.

Blockchain Infrastructure Coral Suffers Heavy Losses

The CEO of Coral stated that they secured a $20 million investment from FTX Ventures in September 2022 and suffered a $14.5 million loss in the FTX bankruptcy.

However, Yakovenko also pointed out that he is pleased that the vast majority of Solana project teams have survived.

Yakovenko: It's Time to Pay Attention to Solana

Yakovenko emphasized:

Essentially, now is the time to look at Solana because the significant negative factor of decentralization has disappeared, compliance teams are building on Solana, and their influence is having a major impact on the ecosystem, causing everyone to stand up again.

Yakovenko specifically mentioned checking out the tweets from venture partner Chris Burniske, where Burniske detailed Solana's impact in terms of value proposition after the FTX bankruptcy. Previously reported:

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