Solana (SOL), a leading smart contract blockchain with a smartphone in the market dubbed Saga mobile, has announced that infrastructure nodes are now available on the Amazon Web Services (AWS) Blockchain Node Runners repository for easy access by Web 3.0 developers. The Solana team announced the major developments during the Breakpoint 2023 in Amsterdam, Netherlands. The partnership between Solana and the AWS team will ease the workload needed by enterprises seeking to build Web 3.0 applications by lowering the entry-level requirements. Moreover, the Solana network provides a scalable infrastructure with low transaction fees and a vibrant global community, hence largely competitive.
According to Dan Albert from the Solana Foundation, the recent development represents a major step forward for the SOL ecosystem, which had already risen above the FTX capitulation. As of Wednesday during the early London session, Solana’s price traded around $39, up over 23 percent in the past five days. Notably, the past three weeks have turned into a bullish outlook for the Solana ecosystem despite the liquidation of FTX assets, thus indicating the growth of the network through the crypto winter period.
What the AWS Integration Means for the Solana Ecosystem
The Solana ecosystem is expected to grow exponentially in the coming years following the integration with Amazon.com Inc (NASDAQ: AMZN) subsidiary. Moreover, AWS provides an on-demand cloud computing platform that has been tested for the past years by dozens of global clients. As a result, decentralized financial application developers can now rest assured that the cost of building web3 platforms has significantly been lowered.
2/ Node Runner by @awscloud unlocks an easy, frictionless way for enterprises and businesses around the globe to get started validating the Solana network.
Solana is only the second blockchain supported by @awscloud’s Node Runner App, following Ethereum.
— Solana (@solana) October 31, 2023
In the near term future, the Solana ecosystem, which has a total value locked (TVL) of about $410 million and a stablecoins market cap of around $1.5 billion, can ruthlessly compete with the king of DeFi, Ethereum, which had a TVL of around $22.5 billion and stablecoins valuation of approximately $65.5 billion.
“The expertise needed to run a node has dropped significantly, making it easier than ever to deploy on Solana,” Albert added.
The need for cloud computing in the Web 3.0 industry has been significantly simplified by the AWS team, which has also mutually benefited from the increased adoption of its products. Moreover, cloud-based nodes are ideal for large traditional financial firms and Web 3.0 projects that seek to scale their operations.
“We are excited to see Solana blockchain nodes available for deployment on AWS to harness the best from their blockchain workloads to increase accessibility to innovative cloud-native technologies like decentralized web,” Nikolai Vaslov, senior solutions architect at Blockchain Node Services AWS, noted.
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