AWS Blockchain Node Runners have so far integrated ethereum (eth) and Solana (SOL), making the latter an important step in becoming a Web 3.0 hub that supports scalable smart contracts.
Solana (SOL), a market-leading smart contract blockchain with a smartphone called Saga mobile, has Announced that infrastructure nodes are now available in the Amazon Web Services (AWS) Blockchain Node Runners repository for easy access by Web 3.0 developers. The Solana team announced the main developments during Breakpoint 2023 in Amsterdam, Netherlands. The partnership between Solana and the AWS team will ease the workload for businesses looking to build Web 3.0 applications by reducing entry-level requirements. Additionally, the Solana network provides a scalable infrastructure with low transaction fees and a vibrant global community, making it largely competitive.
According to Dan Albert of the Solana Foundation, the recent development represents a big step forward for the SOL ecosystem, which had already overcome FTX’s capitulation. As of Wednesday, during the early hours of the London session, Solana’s price was trading around $39, an increase of more than 23 percent in the past five days. Notably, the last three weeks have become a bullish outlook for the Solana ecosystem despite the liquidation of FTX assets, indicating the growth of the network during the crypto winter period.
What AWS integration means for the Solana ecosystem
The Solana ecosystem is expected to grow exponentially in the coming years following the integration with subsidiary Amazon.com Inc (NASDAQ: AMZN). Additionally, AWS provides an on-demand cloud computing platform that has been tested over the past few years by dozens of global customers. As a result, developers of decentralized financial applications can now rest assured that the cost of creating web3 platforms has been significantly reduced.
2/ Node corridor by @awscloud unlocks an easy, frictionless way for companies and businesses around the world to start validating the Solana network.
Solana is only the second blockchain backed by @awscloudThe Node Runner application, following ethereum.
— Solana (@solana) October 31, 2023
In the near future, the Solana ecosystem, which has a total value locked (TVL) of approximately $410 million and a stablecoin market capitalization of around $1.5 billion, may compete ruthlessly with the king of DeFi, ethereum, which had a TVL of around $22.5 billion and a stablecoin valuation of around $65.5 billion.
“The experience required to run a node has been significantly reduced, making it easier to deploy on Solana than ever,” Albert added.
The need for cloud computing in the Web 3.0 industry has been significantly simplified by the AWS team, who have also mutually benefited from the increased adoption of their products. Additionally, cloud-based nodes are ideal for large traditional financial companies and Web 3.0 projects looking to scale their operations.
“We are excited to see Solana blockchain nodes available for deployment on AWS to leverage the best of its blockchain workloads to increase accessibility to innovative cloud-native technologies like the decentralized web,” said Nikolai Vaslov, Senior Architect at Blockchain Node Services AWS solutions.
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