Solana Creator Anatoly Yakovenko Says Ethereum Rival Can Already Handle Hundreds of Millions of Users

Anatoly Yakovenko says that the Solana (SOL) chain is already set up to handle hundreds of millions of users. In a new interview on Token Terminal's YouTube channel, Yakovenko says that he believes the Ethereum (ETH) rival has the capacity to handle the world's blockchain requirements.

Timeline of Helium

We continue our analysis of the most interesting crypto assets of the month, analyzing prices and market statistics, providing the latest news: today we will cover Uniswap, Helium and Idex.

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.

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.

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.

According to a blog post by the Helium Foundation, the Helium blockchain will stop operating during the migration period and all existing Helium assets and governance will be moved to Solana.

Helium price surged by more than 22% on Friday as bulls rode the growing positivity across the altcoin market to hit highs of $1.96. The surge came as Ethereum crossed the $2,100 mark on Friday, 14 April, and days before network migration to Solana.