Helium Migrates to Solana on April 18

According to the official statement, the Helium network has agreed to migrate to the Solana network. The Helium blockchain will close at 16:00 UTC on April 18th. During the migration phase, the network will continue to provide proof of coverage and data transfer, but users will not be able to transfer tokens or interact with the blockchain. When the migration is completed, the tokens will be available at any time.

The community-approved strategic move aims to leverage Solana's scalability, low transaction costs, and high-performance features, including high transaction throughput and an energy-efficient consensus process. Earlier this month, the Helium team said the switch to Solana will provide $HNT holders with access to "a world of DeFi, NFTs, smart contract capabilities, DAOs and more."

SOL is up over 11% in a single day, making it the most profitable among the top 50 cryptocurrencies by market value. The price of $HNT, which had been consolidating at $1.87 during the previous month, has risen rapidly since April 12. About $2.2 mln in $HNT has been exchanged in the last 24 hours due to increased activity in the Helium market.

Image: Crypto Economy