Solana founder interviewed, discussing SOL's rebirth from the ashes, confirming that only 2,000 units of the Saga phone were sold

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FTX Collapse Puts Solana in Battle Mode

Solana SOL has been one of the best-performing cryptocurrencies this year, with an increase of over 500% so far. Co-founder Anatoly Yakovenko discussed Solana's recovery and future development post the FTX collapse on the Unchained Podcast.

Yakovenko expressed his concern during the FTX collapse about how many teams in the Solana ecosystem had long-term operational funds stored in FTX. He mentioned that some teams had to reduce multi-year operational funds to 18 months, pushing him and major project teams into battle mode to expand the Solana ecosystem.

The Illusion of SBF's Prodigy

Yakovenko mentioned that like many others, there is an impression of SBF as a super genius, possibly due to his MIT degree or personal admiration, and SBF's pace gives a sense of rapid progress.

He said:

The entire FTX team looks like a billion-dollar check, making it seem like everything they do is right, it's really hard to know the truth of things.

Yakovenko was also asked during the interview about how Solana plans to address the long-standing issue of network interruptions:

Bankless reviews Solana: Significant improvements in network interruptions, protocol revenue, TVL growth by nearly 50%

Dealing with SEC's Securities Charges

SEC has mentioned tokens like SOL as securities in lawsuits against Coinbase and Kraken.

Yakovenko stated that the SEC has not accused Solana Labs, the foundation, or team members of any misconduct, so they cannot take any concrete actions. He believes that such uncertainties really need to be resolved by Congress, and he is optimistic that the U.S. will eventually clarify the securities status of cryptocurrencies.

PolygonMATIC, SolanaSOL, CardanoADA respond to securities charges in three ways

Solana Mobile Project a Complete Failure, Only 2,000 Units Sold

Yakovenko confirmed that only 2,200 units of the Solana mobile Saga were sold, but he firmly denied the security firm CertiK's claim of phone vulnerabilities, jokingly stating that they would never commission CertiK for security analysis.

When asked by host Laura Shin about the development cost of the phone, Yakovenko automatically bypassed the question but admitted that he still uses an iPhone and switches to Saga:

Because there are too many business apps, security codes tied to iPhone, so the iPhone is like my work phone, while Saga is my NFT phone.

Regarding the next steps for the phone project, he mentioned that the team is discussing, and achieving sales figures of 25,000 to 50,000 units would bring them a solid base of users.

Yakovenko seems to indeed be using the Saga phone, casually picking it up to show to Laura Shin.

Special Discount! Solana Saga Phone on Sale at 40% off, Original Price of 1,000 MAD, Now Only 599