Vitalik Buterin supported the project of Solana developers

Ethereum co-founder Vitalik Buterin has expressed support for the Solana blockchain, which is going through a difficult time after the collapse of the FTX cryptocurrency exchange. The situation with Sam Benman-Fried's firm provoked a serious drop in the SOL rate, which for the first time since February 2021 fell below the $ 10 support level.

The collapse of the SOL price shocked crypto investors who were confident in a bright future for Anatoly Yakovenko’s ecosystem. Nevertheless, several projects still left Solana and moved to other blockchains, including the NFT marketplace MagicEden, the Phantom wallet, and NFT collections from DeGods and y00ts.

Ben Армстронг «href="https://noworries.media/biography/brajan-armstrong/» data-bio-id="3684">Armstrong, the notorious Bitboy Crypto crypto tutor, believes that Solana will leave even more projects in the future. However, not all members of the crypto community are so categorical. Vitalik Buterin, the father of Ethereum, expressed support for the blockchain developers, despite the fact that it is a direct competitor.

Buterin noted that it is difficult for him to assess the situation from the sidelines, but he wished Solana developers success. The developer believes that many investors bought SOL not only in the hope of getting a quick financial gain, but also realizing the potential of Yakovenko’s blockchain.

«Some smart people tell me that Solana has a serious community of professional developers. And now that the terrible toxic people with money are gone, the network has a bright future. It’shard for me to judge from my side, but I hope the community has a chance to thrive,» Buterin wrote on Twitter.

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.

Hard for me to tell from outside, but I hope the community gets its fair chance to thrive?

— vitalik. eth (@VitalikButerin) December 29, 2022

It should be noted that most crypto industry experts do not trust Solana as a safe digital asset for investment. Analysts express doubts that SOL is a reliable cryptocurrency because its rate is overvalued. In the fall, the token was predicted to grow by as much as 825%. However, this happened before the high-profile bankruptcy of the FTX crypto exchange. Analysts are confident that Solana will not be able to recover after the collapse of the Freed empire.