About two months after the FTX collapse, the Solana network is stronger than ever, according to Austin Federa, head of method and interactions at the Solana Foundation.

Federa defines the recent SOL token rate crash as a short-term market reaction to the perceived connection between Solana and the defunct crypto exchange FTX. While FTX founder Sam Bankman-Fried was invested in many Solana-based tasks, Federa mentioned he didn’t have any influence on the network’s operations and basics.

“The external understanding was that there was a really close relationship in between the Solana network and FTX, which wasn’t the case,” Federa described in a current interview with Pandoraland.

According to a recent report by Electric Capital, the Solana network has actually been experiencing a record inflow of developers contributing to the community.

To Federa, developers are significantly developing on the Solana network since of its primary worth proposition: cheap and quick transactions.

“You can build brand-new kinds of product or services that aren’t transaction-constrained,” he pointed out.

When asked to deal with the problem of failures that have afflicted the network over the previous year, Federa pointed out a number of technical upgrades that must improve the stability of the network in the months to come. Among them is the current intro of priority charges, which ought to lower the quantity of transaction spam on the network.

Federa likewise pointed out Firedancer, a brand-new validator customer that is expected to go reside on Solana’s mainnet by the end of 2023.

To discover more about how Solana is recuperating after the FTX collapse, check out the complete interview on our YouTube channel, and do not forget to subscribe!