The development of one of the most popular blockchain networks in recent times, leads to the launch of a smartphone based on Web3 technology. For Solana, this seems to be a real milestone. Part of the community is delighted, but there is no shortage of criticism.
Comparisons to Apple and Ethereum
Along with the latest set of solutions for developers (Solana Mobile Stack), a smartphone based on Android will be released. This information, by a large part of the community supporting the project, was welcomed with great excitement. Vinny Lingham was even tempted to call it an “iPhone moment” for Web3. David Ticzon did the same, using the words “Apple of Web3”.
There were also voices comparing Solana to its biggest competitor, which is Ethereum. A Twitter user with the nickname Thesolmane noted that while Solana is thriving, Ethereum has not experienced any innovation for several years.
There were many more comparisons to the second largest blockchain. Many market observers pointed out that Solana’s developers are doing what they do best , which is to learn from the mistakes of their peers and instead of fixing them, create a network where they are completely excluded. Solana’s strength is also its simplicity. In their opinion, despite the many similarities between blockchains, it is the SOL ecosystem that is more user-friendly when ETH often acts as a deterrent.
Solana still struggles with outages
Amidst the array of admiration, skeptical remarks were also clearly voiced. The beginning of June was painful for SOL, not only because of the general weakness of the market, but also because of another network outage, the fifth in the current year. Among others, a Twitter user with the nickname Metamaxie commented on the matter. He pointed out that SOL developers are focusing on the wrong aspects of development. Launching a smartphone while blockchain is struggling with instability is in his opinion inappropriate.
Solana on the gas
Meanwhile, looking at Solana’s (SOL) chart, we see that the popular blockchain has gained momentum recently. After reaching a low of $25.80 on June 14, the value of the coin has increased by nearly 60% in 10 days. Thus, the price is trying to reach the 50-day SMA marked in red. MACD remains bullish, but at the same time a clear bearish divergence can be observed. It may suggest the upcoming deceleration of the bullish rally.