Helium Network Migration to Solana Blockchain in March Drives Significant Gains for SOL and HNT Tokens

Over the past 7 days, the crypto plus solana has accrued much than 23% against the U.S. dollar aft the announcement that the Helium Network plans to migrate to the Solana blockchain connected March 27. Helium Network’s autochthonal token, helium, has besides risen, jumping 25% implicit the past week against the greenback.

Core Helium Devs Reveal Network Migration Date to Move to Solana

The Helium Network, a concatenation dedicated to the net of things (IoT), plans to migrate with the Solana blockchain network, according to a blog post published by the halfway devs. The Helium Foundation has scheduled a migration day aft “months of meticulous readying and method development,” according to the post. The Helium squad said the upgrade volition instrumentality spot connected March 27, 2023, astatine 10 a.m. ET.

Helium developers accidental the upgrade volition instrumentality spot implicit a 24-hour modulation and volition impact each the network’s wallets, hotspots, and the web state. “The completion of the migration marks a caller epoch for the Helium Network, enabling it to execute greater standard and genuinely go a web of networks,” the blog station said. “The Helium assemblage has onboarded astir 1 cardinal hotspots, and commercialized request for the web is becoming a larger focus.”

Both Solana (SOL) and Helium (HNT) tokens person seen a important emergence implicit the past week, with HNT starring the way. SOL has accrued by 8.5% successful the past 24 hours and 23% successful the past 7 days. On Feb. 20, 2023, HNT was up 7.3%, and during the past week, it climbed 25% higher. While SOL is the 12th-largest blockchain web successful presumption of marketplace valuation, HNT was successful the 117th presumption connected Monday.

According to the Helium team, aft the support of HIP 70, halfway programmers person been processing programs for the Solana network, specified arsenic caller “governance tools connected Realms,” the implementation of PoC Oracles, the constitution of “Open LNS and Data Transfer Accounting Oracles,” and loading the Helium relationship authorities information to the Solana Devnet. Core developers from Helium further explained that a bulk of HNT token holders and hotspot owners volition “not request to instrumentality immoderate enactment to enactment successful the upgrade.”

What are your thoughts connected the Helium Network’s migration to the Solana blockchain? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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