{"id":10670,"date":"2024-01-29T18:05:21","date_gmt":"2024-01-29T18:05:21","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=10670"},"modified":"2024-01-29T18:05:41","modified_gmt":"2024-01-29T18:05:41","slug":"the-phoenix-solana-s-story-of-rebirth-from-the-ashes","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/the-phoenix-solana-s-story-of-rebirth-from-the-ashes\/","title":{"rendered":"The Phoenix: Solana &#8216;s Story of Rebirth from the Ashes"},"content":{"rendered":"<p data-sourcepos=\"3:1-3:440\">In 2022, the crypto world was shaken by the collapse of FTX. This event was a major turning point for Solana (SOL), in particular. This platform, once supported by strong investor confidence, faced a sudden decline. Prices fell from $36 to $12. and the Solana Foundation suffered significant financial losses. However, 2024 was the year of rebirth for Solana and an extraordinary performance that pushed the limits of blockchain technology.<\/p>\n<blockquote>\n<p data-sourcepos=\"3:1-3:440\">You might like: <a href=\"https:\/\/coinengineer.net\/blog\/jupiter-surpasses-uniswap\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\"><strong><em>Jupiter Surpasses Uniswap!<\/em><\/strong><\/span><\/a><\/p>\n<\/blockquote>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/the-phoenix-solana-s-story-of-rebirth-from-the-ashes\/#The_Beginning_of_Rebirth_of_Solana\" title=\"The Beginning of Rebirth of Solana\">The Beginning of Rebirth of Solana<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/the-phoenix-solana-s-story-of-rebirth-from-the-ashes\/#The_Summit_Owner\" title=\"The Summit Owner\">The Summit Owner<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 data-sourcepos=\"5:1-5:28\"><span class=\"ez-toc-section\" id=\"The_Beginning_of_Rebirth_of_Solana\"><\/span><span style=\"font-size: 75%;\">The Beginning of Rebirth of Solana<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-sourcepos=\"7:1-7:219\">This rebirth began in 2023. 2023, a turnaround year for SOL, saw the price rise by 600% by the end of the year to $130. SOL token, which began to regain market confidence, became popular again among investors and users.<\/p>\n<p data-sourcepos=\"9:1-9:22\"><strong>Independent Growth<\/strong><\/p>\n<p data-sourcepos=\"11:1-11:386\">The real exciting developments took place in 2024. This year began as a year full of technological innovations for Solana. In particular, the development of Runtime v2 and the integration of the Move programming language strengthened Solana&#8217;s position as a blockchain development platform. These developments helped Solana to become a faster, more efficient, and more reliable platform.<\/p>\n<p data-sourcepos=\"13:1-13:283\">Technical analysis also shows that SOL&#8217;s price movement is in a stable upward trend. It is stated that the price is moving at important Fibonacci levels, especially the 69.59, 107.74, and 138.57 dollar levels. These analyses increase the interest of investors and analysts in Solana.<\/p>\n<p data-sourcepos=\"15:1-15:216\">Solana&#8217;s transaction speed and low fee advantages will be further improved with the development of Firedancer. This new development will improve Solana&#8217;s scalability by increasing the network&#8217;s processing capacity.<\/p>\n<p data-sourcepos=\"17:1-17:258\">Applications such as Phantom Wallet and Kamino Finance are contributing to the growth of the SOL ecosystem and are attracting attention in 2024 with potential airdrops. These applications help to expand Solana&#8217;s user base and further enrich the ecosystem.<\/p>\n<h3 data-sourcepos=\"19:1-19:20\"><span class=\"ez-toc-section\" id=\"The_Summit_Owner\"><\/span><span style=\"font-size: 85%;\">The Summit Owner<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-sourcepos=\"21:1-21:351\">SOL is solidifying its place as a major player in the blockchain space by overcoming the challenges it faced after the collapse of FTX. 2024 may be just the beginning of this recovery process. Solana&#8217;s future points to great potential in the blockchain space, and the innovations to be followed in this area will continue to shape the crypto world.<\/p>\n<hr \/>\n<div>\n<div>\n<div>\n<div>\n<p><em>Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don\u2019t forget to follow us on\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong><\/a>,\u00a0<a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a> for the latest news and updates.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In 2022, the crypto world was shaken by the collapse of FTX. This event was a major turning point for Solana (SOL), in particular. This platform, once supported by strong investor confidence, faced a sudden decline. Prices fell from $36 to $12. and the Solana Foundation suffered significant financial losses. However, 2024 was the year<\/p>\n","protected":false},"author":1,"featured_media":10671,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[192,393,496,3022,4000,4001,1527,319],"class_list":["post-10670","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-blockchain","tag-crypto","tag-ftx","tag-kamino-finance","tag-phantom-wallet","tag-runtime-v2","tag-sol","tag-solana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Phoenix: Solana &#039;s Story of Rebirth from the Ashes - Coin Engineer<\/title>\n<meta name=\"description\" content=\"n 2022, the crypto world was shaken by the collapse of FTX. This event was a major turning point for Solana (SOL), in particular.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/the-phoenix-solana-s-story-of-rebirth-from-the-ashes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Phoenix: Solana &#039;s Story of Rebirth from the Ashes - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"n 2022, the crypto world was shaken by the collapse of FTX. This event was a major turning point for Solana (SOL), in particular.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/the-phoenix-solana-s-story-of-rebirth-from-the-ashes\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-29T18:05:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-29T18:05:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Solana-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"403\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/the-phoenix-solana-s-story-of-rebirth-from-the-ashes\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/the-phoenix-solana-s-story-of-rebirth-from-the-ashes\/\",\"name\":\"The Phoenix: Solana 's Story of Rebirth from the Ashes - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/the-phoenix-solana-s-story-of-rebirth-from-the-ashes\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/the-phoenix-solana-s-story-of-rebirth-from-the-ashes\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Solana-1.jpg\",\"datePublished\":\"2024-01-29T18:05:21+00:00\",\"dateModified\":\"2024-01-29T18:05:41+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2\"},\"description\":\"n 2022, the crypto world was shaken by the collapse of FTX. This event was a major turning point for Solana (SOL), in particular.\",\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/the-phoenix-solana-s-story-of-rebirth-from-the-ashes\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/the-phoenix-solana-s-story-of-rebirth-from-the-ashes\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/the-phoenix-solana-s-story-of-rebirth-from-the-ashes\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Solana-1.jpg\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Solana-1.jpg\",\"width\":768,\"height\":403,\"caption\":\"Solana\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/the-phoenix-solana-s-story-of-rebirth-from-the-ashes\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Phoenix: Solana &#8216;s Story of Rebirth from the Ashes\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\/\/coinengineer.net\/\"],\"url\":\"https:\/\/coinengineer.net\/blog\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Phoenix: Solana 's Story of Rebirth from the Ashes - Coin Engineer","description":"n 2022, the crypto world was shaken by the collapse of FTX. This event was a major turning point for Solana (SOL), in particular.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/the-phoenix-solana-s-story-of-rebirth-from-the-ashes\/","og_locale":"en_US","og_type":"article","og_title":"The Phoenix: Solana 's Story of Rebirth from the Ashes - Coin Engineer","og_description":"n 2022, the crypto world was shaken by the collapse of FTX. This event was a major turning point for Solana (SOL), in particular.","og_url":"https:\/\/coinengineer.net\/blog\/the-phoenix-solana-s-story-of-rebirth-from-the-ashes\/","og_site_name":"Coin Engineer","article_published_time":"2024-01-29T18:05:21+00:00","article_modified_time":"2024-01-29T18:05:41+00:00","og_image":[{"width":768,"height":403,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Solana-1.jpg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/the-phoenix-solana-s-story-of-rebirth-from-the-ashes\/","url":"https:\/\/coinengineer.net\/blog\/the-phoenix-solana-s-story-of-rebirth-from-the-ashes\/","name":"The Phoenix: Solana 's Story of Rebirth from the Ashes - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/the-phoenix-solana-s-story-of-rebirth-from-the-ashes\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/the-phoenix-solana-s-story-of-rebirth-from-the-ashes\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Solana-1.jpg","datePublished":"2024-01-29T18:05:21+00:00","dateModified":"2024-01-29T18:05:41+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2"},"description":"n 2022, the crypto world was shaken by the collapse of FTX. This event was a major turning point for Solana (SOL), in particular.","breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/the-phoenix-solana-s-story-of-rebirth-from-the-ashes\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/the-phoenix-solana-s-story-of-rebirth-from-the-ashes\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/the-phoenix-solana-s-story-of-rebirth-from-the-ashes\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Solana-1.jpg","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Solana-1.jpg","width":768,"height":403,"caption":"Solana"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/the-phoenix-solana-s-story-of-rebirth-from-the-ashes\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"The Phoenix: Solana &#8216;s Story of Rebirth from the Ashes"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/coinengineer.net\/"],"url":"https:\/\/coinengineer.net\/blog\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/10670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=10670"}],"version-history":[{"count":2,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/10670\/revisions"}],"predecessor-version":[{"id":10673,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/10670\/revisions\/10673"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/10671"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=10670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=10670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=10670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}