Toly was trading on the side and figured there could be a better way of trading quicker and on a level playing field with professionals. The soul of Solana is Anatoly "Toly" Yakovenko, who co-created the project while working at Qualcomm. Anatoly Yakovenko and the Birth of Solana Before proceeding, I give a summary of my Ratings Scorecard for Solana as I see a dire need for a holistic fundamental analysis that's currently not being utilized. ![]() ![]() This pivot is being aided by Solana's innovate technologies, several of which will go live in 2024. Below I highlight the numerous ways Solana was uniquely affected by the FTX event and then show how the Solana ecosystem has pivoted away from Defi towards NFTs and the consumer market. However, the hit to Solana during the 11/2022 FTX ( FTT-USD ) blowup was considerably worse than its peers. Like all projects, Solana suffered from the 5/2022 TerraUSD stablecoin crash and the associated decline in the Terra ( LUNA-USD ) ecosystem. ![]() Though Solana ( SOL-USD) is named after a beach, life at SOL has been ANYTHING but a beach.
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