Solana announces the start date of Saga Mobile, but network activity decreases
Solana announces the start date of Saga Mobile, but network activity decreases
On April 13, Solana announced that his safety-conscious crypto-first android flagship is available from Solana Mobile for pre-orders.
The company will begin on May 8 with the acceptance of new orders for the device, added. The crypto smartphone Saga was originally announced in mid-2022.
it means that the Saga team has been using "hundreds of developers" for months.
saga will be able to manage and save crypto-assets, shape NFTs and to carry out decentralized applications from the Solana Dapp Store.
In addition, the hardware specifications are also quite impressive. Saga is delivered with a mobile Snapdragon 8+platform, 12 GB of RAM, 512 GM storage space and a 6.67-inch OLED display. According to the announcement, the price should be around $ 1,000.
saga was developed to compete on the market with every flagship smartphone.
We are proud to bring web3 with premium hardware directly to your fingertips @Osomdata protection Through the latest Android operating system.
take a look at our data sheet 🧵 pic.twitter.com/uykhlsges
-Solana-Mobile 🌱1️⃣3️⃣ (@Solanamobile) 13. April 2023
Solana usage foils
The device is now available for shipping to the USA, the EU, the United Kingdom, Canada, Switzerland, Australia and New Zealand. As part of the start, SAGA users can claim a "saga genesis token-nft" when setting up their device, added.
The move takes place at a time when Solana's use and dynamics decrease. The ecosystem still has to recover from the consequences of the FTX collapse since Sam Bankman-Fried financed the Blockchain.
SBF is currently under house arrest and FTX goes through a chaotic restructuring phase.
According to the Solscan analysis platform, the Solana Wallets have decreased by 60 % in the past three months. In addition, they were in a downward trend for six months before falling FTX for six months
In addition, Solana Defi is still about half of what it was before the collapse of the FTX. According to Defillama, the blocked total value is currently around $ 539 million. This corresponds to a market share of less than 1 %, so it is far from "killing" Ethereum, which retains a dominant defi market share of 60 %.
In addition, these disturbing network failures still plague the ecosystem.
Sol price view
According to Coingecko, SOL prices rose by around 4 % to $ 25 that day. The token has now made impressive 20 % last week.
Nevertheless, it still has not recovered to the price level on which it was traded in front of the FTX, while the entire cryptom market is now higher.
Sol remains over 90 % below its maximum price of $ 260 in November 2021.
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