On April 13, Solana mentioned that its flagship, security-conscious, crypto-first Android system from Solana Cell is accessible to those that pre-ordered.
The agency will start taking new orde1111rs for the system on Could 8, it added. The Saga crypto smartphone was initially introduced in mid-2022.
It said that the crew has been utilizing Saga for months now, together with “tons of of builders.”
Saga will have the ability to handle and retailer crypto property, mint NFTs, and run decentralized purposes from the Solana dApp retailer.
Moreover, the {hardware} specs are additionally fairly spectacular. Saga will include a Snapdragon 8+ cell platform, 12GB of reminiscence, 512GM of storage, and a 6.67” OLED show. Will probably be priced at round $1,000, in keeping with the announcement.
Saga was designed to compete with any flagship smartphone available in the market.
We’re proud to convey Web3 proper to your fingertips with premium {hardware} from @OsomPrivacy, powered by the most recent Android OS.
Check out our spec sheet
pic.twitter.com/UyKhLSGESn
— Solana Cell
1⃣3⃣ (@solanamobile) April 13, 2023
Solana Utilization Slides
The system is now obtainable to ship within the U.S., EU, U.Okay., Canada, Switzerland, Australia, and New Zealand. As a part of the launch, Saga customers will have the ability to declare a “Saga genesis token NFT” upon organising their system, it added.
The transfer comes at a time when Solana’s utilization and momentum are waning. The ecosystem has but to recuperate from the fallout of the FTX collapse since Sam Bankman-Fried bankrolled the blockchain.
SBF is at the moment beneath home arrest, and FTX goes by a messy restructuring interval.
Solana’s energetic wallets have declined by 60% over the previous three months, in keeping with the Solscan analytics platform. Moreover, they’ve been in a downtrend for six months earlier than the demise of FTX.
Furthermore, Solana DeFi continues to be about half of what it was earlier than the FTX collapse. The whole worth locked is at the moment round $539 million, in keeping with DeFiLlama. This equates to a market share of lower than 1%, so it’s removed from “killing Ethereum,” which maintains a dominant 60% DeFi market share.
Moreover, these disruptive community outages are nonetheless plaguing the ecosystem.
SOL Value Outlook
SOL costs have gained round 4% on the day in a climb to $25, in keeping with CoinGecko. The token has now made a powerful 20% over the previous week.
However, it has nonetheless not recovered to the worth ranges it was buying and selling at earlier than the FTX, whereas the general crypto market is now greater.
SOL stays over 90% down from its peak value of $260 in November 2021.
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