Cardano’s Hoskinson sees three purposes behind a possible collaboration with Solana
With August coming to an end, many in the crypto-community are confused about the status of the market’s bull run. However, the likes of Cardano [ADA] and Solana [SOL] proved skeptics wrong, with both emerging as among the most profitable altcoins over the last 30 days.
While ADA recorded monthly returns of nearly 114%, Solana’s SOL returned a whopping 174% over the same timeframe.
Needless to say, these figures have caught everybody’s attention, with Cardano’s Hoskinson among them. During a recent AMA, the Founder of Cardano claimed that he was nothing but “genuinely curious” to find out more about Solana. This came on the back of Hoskinson congratulating the team for “making waves.”
In the aforementioned AMA, the IOHK CEO revealed that Solana’s team had reached out to him and shared several links about the project.
“I notice Solana’s been getting a lot of adoption and it’s been getting a lot of buzz and talk, and it’s certainly performing well in the markets. Whenever that occurs I always take a step back and say, “ah, okay, who are these guys?” And I am genuinely curious.”
Might Cardano and Solana join hands?
Now, many in the Cardano community are genuinely curious about a potential integration or even a collaboration. However, according to Hoskinson, that is not his call to make. The community is at the center of every decision-making and, they can collaborate with Solana if they choose to, he said.
“If there was such a thing, it would have to be broken down to either an area of economic collaboration. Or an area of engineering collaboration. Or an area of scientific collaboration.”
Solana’s price action can be expected to gather even more steam over the next few weeks. If these expectations are met, more and more people will soon call for the aforementioned collaboration. Such a call will only be spurred by institutional developments on Solana’s side.
For instance, New York-based Osprey Funds recently cashed in on the hype around SOL by filing an application for a Solana Trust. Back in June, the likes of Grayscale announced it was considering adding SOL to its token tree.