Solana is an open-source, decentralized project that aims to host scalable, decentralized applications. It's been referred to as an "Ethereum killer" due to its similarities to Ethereum.

The native token of Solana, SOL, is used to pay for transactions on the network. Founded in 2017 by Anatoly Yakovenko and officially launched in March 2020 by the Solana Foundation, the blockchain was developed by Solana Labs based in San Francisco.

The Solana protocol uses the proof-of-history and proof-of-stake consensus mechanism to improve scalability, allowing for almost 65k transactions per second with low transaction fees.

With that said, many investors are wondering if Solana is still a good investment after it crashed due to the whole FTX incident. Well, let’s talk about that…

Solana is already making a recovery, and many leaders in the crypto industry are still bullish on the project. However, it’s not so simple for SOL…

The impact on SOL is not just negative perception, as Bankman-Fried's companies held 58 million SOL tokens, which is 15% of the current circulating supply.

Still, Vitalik Buterin has recently came out in support of Solana after the FTX crash, and that support did appear to help and the coin is now in recovery-mode.

Will Solana pump to new highs during the next bull market? We think it’s highly likely, but no one knows for sure.