Solana’s Smartphone Saga Needs 25,000 User Base to Attract Developers

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By BitcoinWiki News

Key Takeaways:

– Solana’s smartphone, Saga, has underperformed in the market
– Founder Anatoly Yakovenko reflected on the smartphone’s journey and the future of the Solana blockchain
– Current sales figures indicate underperformance and uncertainty for the smartphone’s future
– The company may pivot to a cheaper secondary device for iPhone users for a smart wallet
– Yakovenko discussed the growth of Progressive Web Apps and Pass-keys
– The smartphone was initially sold for $1,000 but later slashed to $599
– Solana’s blockchain has seen growth and popularity despite the smartphone’s underperformance
– SOL has surged over 500% and 46% in the past month, making it an institutional investor favorite
– SOL is still behind Ethereum in some growth metrics.


I. Introduction
– Solana’s smartphone, Saga, has underperformed in the market, selling only 2,500 units and raising concerns about its future.
– Anatoly Yakovenko, Solana’s founder, discussed the smartphone’s journey and the Solana blockchain on a podcast, addressing concerns about sales and the future of the phone.

II. Saga Smartphone Underperformance
– Current sales figures indicate underperformance in the market, with limited adoption and developer attraction due to market dynamics.
– The company would need to drive sales to 20,000 to 50,000 users to create a developer base for the smartphone.
– Yakovenko mentioned the possibility of the smartphone’s future taking another course and the company pivoting to a cheaper secondary device for iPhone users for a smart wallet.

III. Solana’s Growth in the Market
– Despite Saga’s underperformance, the Solana blockchain has seen progress and popularity, with a growing roadmap and increasing DeFi numbers.
– After the collapse of FTX in 2022, Solana’s value plummeted, but it has since surged over 500% this year and has become an institutional investor favorite.

IV. Solana’s Price Prediction
– The Solana price has seen significant gains, with a surge of 70% in 30 days, although it has dipped slightly in the past 24 hours.
– The asset has seen a massive rise in assets under management and has become a popular investment choice for institutional investors.

V. Conclusion
– Despite the underperformance of the Saga smartphone, Solana’s blockchain has seen significant growth and popularity, with the asset experiencing substantial gains and becoming a favorite among institutional investors.

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