Solana News: Co-Founder Challenges Layer 2 Solutions, Highlights Solana’s Advantages

In a bold statement, Solana’s co-founder Anatoly Yakovenko has challenged the conventional wisdom around Layer 2 (L2) solutions. He argues that Layer 1 (L1) blockchains, like Solana, can offer superior performance without the need for additional layers. Here’s a closer look at his arguments and how Solana stands out in the crowded blockchain landscape.

Solana Co-Founder Challenges L2s, Calls Them Redundant

Solana co-founder Anatoly Yakovenko has challenged the necessity of Layer 2 (L2) solutions, arguing that Layer 1 (L1) blockchains can be faster, cheaper, and more secure without them. Yakovenko claimed that L2s heavily depend on the L1 scale for data availability and may entail intricate fraud proofs and multi-signature updates. He explained that Solana does not face such problems because it has separate execution and data layers on an efficient base layer. Yakovenko also criticized Solana’s data generation as ’measly’ at 80 terabytes per year, arguing that L1s cannot scale because of storage issues. He warned users against creating baseless L2s.

Solana Price Climbs with Increased Volume

Solana (SOL) price has climbed to $138.18, up 5.52% in the last 24 hours from $130.95. The daily trade volume increased by 102.24%, with nearly $2,790,573,857 traded. This indicates strong interest from a large number of investors anticipating a short-term gain. SOL has gained 7.33% in the last 7 days, with a total market capitalization of $70,658,732,113. In the last 24 hours, SPX6900, Sonic (prev. FTM), and Render emerged as top gainers, while Pi, TRON, and Story were the top losers.

Why Is Solana Rising Today? Will SOL Reach $200 or Crash Again?

The crypto market has seen new action, with Solana (SOL) gaining traction. The SOL price is up 6.34% today, trading at $138.72, and has risen close to 7.61% over the last seven days. The spike in interest is driven by a combination of technical indicators and governance activity. One key reason is the SIMD-228 proposal, which aimed to reduce SOL’s inflation rate from 8% to 1.5%, scaling it based on staking activity. While the turnout for the proposal was high, the proposal was rejected, creating buzz in the market.

Solana Price Forecast: SOL Aims for $160 as White House Narrows April 2 Tariffs

Solana’s price extends its gains on Monday, trading above $138 after recovering 5.32% last week. Reports suggest that the White House is narrowing its approach to tariffs set to take effect on April 2, likely omitting a set of industry-specific tariffs. This has fueled a rise in risky assets like cryptocurrencies, including Solana. The technical outlook suggests a rally toward $160 as SOL breaches a key resistance level.