Last month, the Solana ecosystem was at the forefront of the FTX saga, taking a significant hit from the company’s bankruptcy filing. Since then, projects have left the network, while the native token lost a significant chunk of its USD value.
Interestingly, the blockchain, once regarded as an “Ethereum Killer,” has received support from Ethereum co-founder Vitalik Buterin.
In a Twitter post on December 29, Buterin said the recent events in the crypto industry had washed away bad actors from the ecosystem, adding that Solana now has a greater chance of thriving in the future.
FTX Bankruptcy Hits Solana Blockchain
Solana, which describes itself as the most scalable protocol in the industry, was among the long list of firms with significant exposure to FTX due to its strong ties with the exchange and its sister trading firm Alameda Research.
The network’s native token, SOL, was one of the altcoins held by FTX’s founder Sam Bankman-Fried (SBF) and Alameda Research, which was the
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