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Highlights
- Anatoly Yakovenko claims Solana has been open sourced from Day 1
- Solana pioneers widely accepted innovations like memecoin launchpads
- Solana price to be biggest beneficiary in the long term
Solana co-founder Anatoly Yakovenko has broken silence on the early milestone the protocol achieved regarding open sourcing its codes to developers. This update comes at a time when the Hyperliquid is facing criticism from the community regarding how accessible its codes are. The insight from Yakovenko has further painted Solana as one of the most functional in the ecosystem.
The Solana Open Source Strategy
Considered one of the most difficult things to achieve alongside decentralization and scalability, Yakovenko said the protocol used OCC License from day one. He said he forced all the ecosystem developers at the time to coordinate over a public channel.
The Solana founder confirmed that “getting OSS contributors is the hardest b2dev sales process.” Notably, he claims the only he has seen developer cordination work is if the process is open sourced.
Meanwhile, the comment from came from a comment from Solana Foundation contributor, known on X as kehaya. He said the fact that Solana got the Open Sourcing right earlier on accounted for why he joined the ecosystem.
Use a real OSS license on day one and force all the devs to coordinate over a public channel. Getting OSS contributors is the hardest b2dev sales process. The only way I’ve seen it work is if it’s truly open source through and through. https://t.co/f4oimxP3hT
— toly 🇺🇸 (@aeyakovenko) January 8, 2025
Open Source Innovations on Solana, and Limitations
Solana did not pioneer all of the unique decentralized applications in Web3 as Ethereum remain the first mover in this regard. However, the emergence of Pump Fun pioneered the memecoin launchpad in the industry.
The Ethereum-challenger has seen massive success with the wide adoption of its ecosystem DApps. Its memecoins including BONK and dogwifhat are some of the most valued in the market at the moment.
However, amidst all these successes, some protocols within its ecosystem has continued to battle outages as adoption grows. On his part, Anatoly Yakovenko and his team have deployed a patch designed to solve the congestion woes. Earlier this week, Solana developers proposed the account hashing system to also enhance the protocol’s scalability.
Expert Forecast on Future of SOL
The broad embrace of Solana has triggered a lot of positive price milestones for the coin. In the past year, SOL has moved from a low of $79.06 to a high price of $263.83 as it sets a new All-Time High (ATH). At the moment, the coin’s spot price comes in at $194.16, down 6.02% in the past 24 hours.
Riding on its key attractive tech stack and other features, top venture capital firms like VanEck sees the coin hitting a $3,211 price market by 2030. An earlier SOL price analysis teased potential to hit $400 this month.
Drawing on its future prospects, Canadian publicly listed firm Sol Strategies has confirmed investment in SOL as reported earlier by Coingape.
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