Helium announces migration date to Solana, 1M hotspots worldwide
Solana (SOL) skilled a surge in worth following an announcement that Helium (HNT) can be migrating in direction of the platform starting Mar. 27.
In a blog post from Feb., Helium introduced the transfer.
“The Community migration to the Solana blockchain and deployment of Oracles represents essentially the most vital improve to Helium Community scalability and reliability.”
Helium’s decentralized community of hotspots totals virtually a million as of Feb. 2023.
Information of the migration date despatched the value of each tokens up final week. Following the information, Solana’s worth has seen an over 21% surge — to a excessive of $27.11 on Feb. 17, from $22.34 on Feb. 16.
Presently, SOL is value $26.15 and Helium is buying and selling for $3.15 on the time of writing.
Helium is a community that focuses on creating an web of issues (IoT) powered by bodily hotspots, with HNT tokens used to reward individuals for validating protection and offering wi-fi hotspots.
The migration of Helium from its present layer-1 (L1) resolution to the Solana platform was lately introduced by the Solana community — with the transition set to happen on the finish of March.
With almost a million hotspots worldwide throughout lengthy vary and 5G networks, the transfer is predicted to assist Helium’s group to give attention to increasing decentralized wi-fi networks.
In a latest weblog publish, Helium inspired its customers to arrange for the transition, stating that the migration to the Solana ecosystem will permit its group to give attention to constructing wi-fi protocols and enabling utility on these networks.
As soon as accomplished, HNT will turn out to be natively suitable with different platforms inside Solana’s ecosystem, including utility for HNT, MOBILE, and IoT token holders.