The CEO of Solana, Anatoly Yakovenko, has recently <a href="https://open.spotify.com/episode/2ztZxOMDlrRbQ5oarSsQF1?si=99e3fa4029574e41&amp;nd=1" target="_blank" rel="nofollow noopener">revealed</a> that crypto is not a bubble, it can be marked as the beginning of an era similar to the time when email started working on the internet. This has come amid the rise in the prices of crypto assets and the growth in the total market capitalization which stood at $1.2 million on July 19 and has doubled to $2.4 trillion at the time of writing this article.
<h2>Solana CEO Anatoly Yakovenko Positive for Crypto</h2>
Though the market has witnessed significant growth, the major part of the bull run has been Solana (SOL), also considered as the competitor of Ethereum that claims to offer faster transaction speeds and lower costs.

In accordance with the data revealed by leading market data aggregators, the <a href="https://www.cryptoknowmics.com/news/solana-overtakes-dogecoin-to-become-seventh-largest-cryptocurrency">native token</a> of Solana, SOL, has tripled in price over the last month to a $40 billion market capitalization.

To this, the CEO of Solana, Anatoly Yakovenko, stated that though this metric might confuse people with crypto being just a bubble, it is not a bubble in the way people must be thinking. He said:
<blockquote>"This is a really different time in the space than any other. So it's not really comparing it to bubbles. The 2017 bubble, came and went, and there were three years of people building stuff. And now we're at the point where we built the [infrastructure] that enables new engineers, new developers, to come in and quickly iterate."</blockquote>
<h2>Cryptocurrencies are Here to Stay</h2>
In addition to this, Anatoly mentioned the fact that these things are working financially with real-life products and said:
<blockquote>"People are shipping everything, the financial aspect of these things is happening with real-life products and real-life communities."</blockquote>
Moreover, he addressed that the high price of <a href="https://www.cryptoknowmics.com/news/__trashed-5/">cryptocurrencies</a> does not matter because the products themselves are beginning to be usable. He said:
<blockquote>"The sustainable part is that you have creative people that come up with new ideas, looking at the past and remixing them and building something new."</blockquote>

Anatoly Yakovenko of Solana Reveals Why We’re Not in a Crypto Bubble

Solana CEO , Anatoly Yakovenko, has revealed that crypto is not a bubble, it can be marked as the beginning of an era similar to when email started working.

Sahaj is an aspiring journalist with a keen interest in cryptocurrency and the whole concept of Blockchain technology. He is positive about the future potential of Cryptocurrency and Blockchain in shaping the world of finance for good. At present, he is covering the latest developments in the field of the cryptosphere.

Anatoly Yakovenko of Solana Reveals Why We’re Not in a Crypto Bubble

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