The washout of crypto exchange FTX hasn't kept the Solana network from attracting users and developers, according to Austin Federa, head of strategy and communications at the Solana Foundation.
“What you've seen is real staying power for both users and developers to build on the network,” Federa said.
Sam Bankman-Fried, the now disgraced founder of bankrupt FTX, was a vocal supporter of Solana, and according to a Solana blog post in November, FTX and Alameda Research, an affiliated trading firm that Bankman-Fried also owned, purchased more than $58 million worth of SOL tokens from the foundation and its sister company Solana Labs six months after the platform first live with a test network.
“You're not really seeing any projects migrate off of Solana that need the performance and power of the network,” Federa said. “There's a lot of stuff that you can only build on Solana, and those developers are continuing to build here.”
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