Future of Solana's Hyped Saga Phone Is 'Under Internal Discussion' as Sales Figures Fail to Wow

Yakovenko emphasizes the importance of reaching a user base of 25-50K to sustain the Solana phone's development in an interview with Laura Shin.

AccessTimeIconDec 7, 2023 at 8:10 a.m. UTC
Updated Jan 26, 2024 at 3:50 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Solana's Saga Phone has an uncertain future because of disappointing sales and changing market dynamics, Solana founder Anatoly Yakovenko said during a recent appearance on Laura Shin's Unchained podcast.

“We have to decide if there’s a place for a smart wallet, a much cheaper version that an iPhone user could use as a secondary device. We haven’t seen a ton of signal whether that’s a compelling enough thing to sell 50,000 units,” he said, saying that this was the magic number to determine the success of the phone.

"I think 25,000 to 50,000 units to feel like there is a hardcore user base for developers to be compelled to ship applications," he continued.

Yakovenko noted during the interview that advancements in mobile interfaces, particularly Progressive Web Apps and pass keys, have significantly reduced the gap between specialized and regular smartphones.

"Progressive Web Apps bypass the App Store so developers don't need to pay the fees. They kind of have that side-loading feature even on iOS now," he continued.

Crypto phones have been previously tried by some companies but have seen limited success outside of their cult followers. Phone maker names from the big – HTC – to the small – Sirin Labs have previously failed in their efforts to create a crypto-forward smartphone.

Meanwhile, Yakovenko also said that he doesn't use his Solana Saga phone as his primary device.

"I flip between this one and my iPhone because I've got too many business apps and stuff and connections," he said. "So it's hard for me to support all the security certificates and stuff like that are kind of hooked up to my iPhone."

The Saga phone is "my NFT phone," he continued.

Solana's SOL token is up over 500% year-to-date, according to on-chain data.

Edited by Shaurya Malwa.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.