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I recently read about the history of Anatoly Yakovenko and it really made me think. This guy, who came from Qualcomm as an engineer, had an obsessive idea: to create a blockchain so fast that it could compete with Visa. That’s how Solana was born. During 2021, the network became the market sensation, everyone was talking about it as the "Ethereum Killer." The numbers were impressive, the price was rising, and it seemed unstoppable.
But then disaster struck. FTX, its biggest backer, collapsed out of nowhere. The price of Solana plummeted, losing 97% of its value. On social media, everyone declared the network dead. Developers left, critics celebrated its end. It really looked like the final chapter.
What’s interesting is what happened afterward. Anatoly Yakovenko and his team didn’t give up. While everyone debated whether Solana was a failed project, they kept working in silence. They fixed the network’s issues, improved the infrastructure, and focused entirely on technology. They made no noise, no excuses.
A year later, Solana not only survived but emerged stronger. Today, it processes more transactions than almost all other blockchains combined. The price has recovered significantly, hovering around $91 with slight variations. The narrative has completely changed.
It’s a reminder of why some projects endure and others disappear. Anatoly Yakovenko proved that persistence and focus on technology, without getting caught up in market noise, can make a difference. Solana is a case study in resilience in crypto.