• Solana’s co-founder Raj Gokal believes that Solana has the potential to become the Apple of crypto.
•Solana’s flagship phone, called Saga, is a sleek Android phone aimed at reshaping how users interact with blockchain technology.
• While Solana has seen impressive growth in the crypto space, it still has a long way to go before it reaches Apple’s level.
Solana Has Potential to Be Apple of Crypto
Solana’s co-founder Raj Gokal believes that Solana has the potential to become the Apple of crypto. He notes Apple’s excellence and wants to bring this into crypto with creating a network „that feels like the regular internet“ when it is an entirely new financial internet.
The Saga Phone
Solano Mobile’s flagship Web3 phone, called Saga, is a sleek android phone aiming for reshaping how users interact with blockchain technology. It features include a Seed Vault for storing private keys and its own app store for Web3 apps. While these features interest crypto enthusiasts, it is unclear if they offer a compelling benefit for average smartphone users.
Similar to iPhone when it first entered the market, Saga may face latent growth as well due to lack of understanding among average smartphone users on what blockchain technology really offers them in terms of benefits and convenience.
Impressive Growth in Crypto Space
Despite this challenge , Solano has been impressing in terms of growth in the cryptocurrency space as its market capitalization currently stands at around $7.6 billion which puts it at 8th largest cryptocurrency by market capitalization .