BREAKING
56d 19h ago

Solana Is the Only Network Capable of Decentralized Execution at Scale, Says Backpack Founder at Breakpoint

SOL

SOL/USDT

$91.32
-6.63%
24h Volume

$9,049,078,782.26

24h H/L

$98.25 / $89.30

Change: $8.95 (10.02%)

Long/Short
81.8%
Long: 81.8%Short: 18.2%
Funding Rate

+0.0040%

Longs pay

Data provided by COINOTAG DATALive data
Solana
Solana
Daily

$90.24

-2.03%

Volume (24h): -

Resistance Levels
Resistance 3$118.9258
Resistance 2$102.1136
Resistance 1$92.1567
Price$90.24
Support 1$89.2429
Support 2$82.6522
Support 3$58.7272
Pivot (PP):$90.9367
Trend:Downtrend
RSI (14):23.8

At the Solana Breakpoint conference, Backpack founder Armani Ferrante positioned Solana as uniquely capable of delivering decentralized execution at scale. He noted that, since 2017–2018, hundreds of crypto projects attracted substantial funding, yet Solana appears to be the standout in achieving scalable, on-chain outcomes.

He described the current design space for crypto scalability as broad, but warned that many projects fell short of sustaining throughput and security as demand grows. The remarks emphasize the primacy of a robust, layer-1 blockchain framework for developers pursuing high-throughput applications across DeFi and other ecosystems.

While Ferrante’s commentary reflects a founder’s viewpoint, it dovetails with ongoing market focus on reliable performance and ecosystem development around Solana. Readers should consult official network updates and independent analyses to gauge progress in scalability, throughput, and network stability.

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