Solana chief flags weak Saga smartphone sales

Since its launch, about 2,200 Saga smartphones have been sold, but to build a user base the figure needs to rise to 25,000–50,000. This was stated by Solana co-founder Anatoly Yakovenko on the Unchained podcast.

He also spoke of ongoing training of specialists who are being prepared for potential launches of new smartphone models.

Solana Labs introduced Saga in June 2022. The hardware and software of the phone integrate Web3 features, enabling it to function as a hardware wallet.

On whether the SOL token would be classified as a security by the SEC, Yakovenko said he had not received direct accusations from the regulator. The current situation depends less on the company, so Yakovenko expects action from the US Congress.

According to the project head, despite SOL’s strong performance in 2023, the Solana ecosystem did not see a corresponding growth in active developers. However, the project has managed to fix issues with network outages and a shortage of providers.

Earlier Yakovenko allowed using Ethereum as a second‑layer solution for Solana. In technical collaboration, asset holders in the potential L2 network will have guarantees of finality and will be able to return to the protocol even in the event of double-spending.

In October, the head of Solana stated that Ethereum is not a ‘harbinger of a genuine revolution’, but merely ‘a new spectacle of bourgeois upheavals’.

In November, CertiK analysts identified a critical vulnerability in Solana’s Saga smartphone that could allow theft of users’ cryptocurrencies.