wither (SOL) price started the week off very well, with the price rising 12.62% to $26.61. Based on the current price action, SOL is now up more than 26% over the last seven-day period, making it one of the best performing Add-1 protocols for this year.
The increase in Solana price came after allegations emerged that the Helium network is planning to migrate to Solana. SOL confirmed the news earlier today that the transition will be completed by the end of the first quarter. announced.
The Helium network is migrating from its current L1 to Solana at the end of March, bringing with nearly 1 million hotspots worldwide across the LoRa and 5G networks 🔥https://t.co/Bn847ghLik
— Solana (@solana) February 20, 2023
NEWS CONTINUES BELOW
Heliumis a decentralized blockchain-powered network for Internet of Things (IoT) devices. Utilizing the proof-of-scope (PoC) consensus mechanism, the protocol powers a ton of hotspots for devices, deliberately increasing its utility since its release in 2019.
According to Solana, Helium will help set up around one million hotspots worldwide on LoRa and 5G networks based on this integration. The possibilities of this integration will know no bounds, as Helium can also be used to power the highly anticipated Solana Phone Saga.
Is He Taking Steps To The Left?
Koinfinans.com As we reported, the continued growth in the Solana network stands out as the best performance among the top 15 assets. This week has started off quite well as regulatory pressures from the United States are far from subsiding.
Solana, a Tier-1 protocol, is very focused on the growth of its network and currently appears to be the target of decentralized physical infrastructure networks (dePIN). Although most of the Tier-1 solutions have important shortcomings, it is a very important step that they are preferred by service providers such as Helium and Hivemapper Network.