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Solana founders see this as a time to connect blockchain and the physical world • TechCrunch


After FTX collapsed, several crypto entities that were once tied to the bankrupt crypto exchange are trying to pick up the pieces and move forward. For Solana — an outstanding Grade 1 blockchain has been supported by FTX and it outspoken founder, Sam Bankman-Fried — its co-founders see this downturn as an opportunity for their team and developers to build and ignore the noise.

Raj Gokal, co-founder of Solana, told TechCrunch: “This is just a time of extreme fear, but there are so many opportunities. “There is a lot of signal and a lot of noise.”

Gokal explained, developers in the space that have weathered the past crypto market cycle see Solana’s ability to handle high transaction throughput as an advantage over some other blockchains, and said are still optimistic about this underlying technology. “They are not just paying attention to what is happening in the market. What they’re excited about is what they were able to build, and they’re still building it.

“A lot of them feel the urgency to get their product ready [for] next cycle, so when the next market cycle comes, there will be a lot of new users trying to test crypto products and we expect that to happen next year.”

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