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Solana developers raised up to $ 450 million for network development

The developers of the blockchain Solana, which is positioned as the “killer of Ethereum”, raised up to $ 450 million for network development, team expansion and marketing campaigns.

Unfortunately, the journalists of the Decrypt edition could not get the exact information about the received sums. But it became known that the company held a small round of financing in March, and then launched an extended fundraiser – there were many requests from investors.

“I am very pleased and impressed with the recent growth in Solana’s business. They’ve been providing one of the best technologies in the industry for some time now, and it’s great that investors are seeing that too, ”said Sam Bankman-Fried, owner of FTX, a decentralized version of which, Serum, runs on the Solana blockchain.

Trading volume on the Serum decentralized exchange last month exceeded $ 1.6 billion. Other applications are being deployed on the Solana blockchain. Thus, one of the largest high-frequency trading platforms Jump Trading announced the development of the Pyth project on the Solana network.

Solana developers claim that their blockchain can process up to 50,000 transactions per second. For comparison, the similar figure of Ethereum 1.x is about 15 tps.

Note that in December last year, the Solana blockchain went offline for six hours due to an error in the code.

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