As the bear market continues, the founder of Ethereum (ETH) is encouraging the developers of rival smart contract platform Solana (SOL).
Since the “awful opportunistic money” has been washed out of Solana, the former billionaire believes the blockchain’s future looks bright, and he hopes it thrives from here on out.
“Some smart people tell me there is an earnest smart developer community in Solana, and now that the awful opportunistic money people have been washed out, the chain has a bright future.
It’s difficult for me to tell from the outside, but I hope the community has a fair chance to thrive.”
Solana and its ecosystem have recently plummeted. SOL has dropped more than 96% from its all-time high of $259.24 in November 2021. At the time of writing, the ETH competitor is trading at $9.81, up 2% in the last 24 hours.
Matrixport, a crypto exchange platform, announced yesterday that it would delist Solana and all products associated with it. The company even stated that they will not be listing any SOL products in the future.
SOL and some of its associated digital assets, such as decentralized exchange (DEX) Serum (SRM) and liquidity provider Raydium (RAY), suffered as a result of the delisting. Both assets have fallen by more than 99% from their all-time highs.
However, SRM has recovered slightly in the last 24 hours, and it is currently trading for $0.151, a 19% increase. RAY is now worth $0.145, a 2% increase over the previous day.
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