Helium Finishes High-Profile Migration to Solana (SOL) As HNT Token Surges 11% This Week

Helium (HNT) Network officially completed its much-publicized migration to the Solana (SOL) blockchain on Wednesday. Abhay Kumar, the Helium Foundation's chief executive, says the upgrade will help with the project's scalability and reliability. “Migrating the Helium Network to Solana offers significantly more utility for the network, including faster transaction speeds and new smart contract capabilities.

Timeline of Helium, Solana

Solana Mobile announced that the delivery of its Saga devices began on 20 April 2023. This can help Solana's NFT space, which registered a massive decline in trade count last week.

The Solana Foundation has taken a significant step towards sustainability by announcing its real-time emissions tracking for the Solana blockchain. The foundation collaborated with Trycarbonara, a carbon data platform, to create an emissions tracker that will embed software directly on Solana nodes.

SOL Price Prediction: On April 11th, the Solana price gave a high momentum breakout from a resistance trendline which carried a sustained downtrend for the past 10 months. After witnessing multiple reversals from this dynamic resistance, a bullish breakout is an early sign of trend reversal which could drive the SOL price for a massive

It is one of the few times a project with its own layer 1 network has opted to switch and be hosted on another layer 1 blockchain. Solana has seen a momentous uptick in development activity in the last few days.

Solana has recently become one of the victims of the ongoing market correction, losing approximately 12% of its value. This downturn led to Solana's price reversing at around the 200-day Exponential Moving Average (EMA), which is typically considered a critical technical indicator for long-term market trends.

After over a year of planning and development, Helium has successfully migrated to Solana, ushering in a new phase of reliability and scalability for decentralized wireless networks. This upgrade establishes a new era of scalability, expansion, and reliability for the world's largest decentralized wireless network.

Web3.0 protocol Helium Network (HNT) has announced its successful migration to the Solana (SOL) blockchain. The announcement was shared via the protocol's official Twitter account and highlights the strong desire to switch to a relatively more scalable outfit to help achieve its overall end goal.

What is a highly anticipated event in the blockchain industry is the migration of the Helium network to Solana's ecosystem. While this migration has brought up many questions from crypto enthusiasts about why and how this event will take place, it comes at the right time as the markets start recovering.

Helium network has successfully migrated to Solana, completing development over the last 12 months. Helium's core developers made the announcement saying they completed the upgrade from the Helium blockchain to Solana.

Helium, an Internet of Things (IoT) project, is currently in the process of from its blockchain roots to Solana — a blockchain network known for its speed and scalability. According to an official announcement made on April 18th, the purpose of this major migration is to enhance the stability and scalability of the Helium network.