Share this article
Algorand Boosters Push Back on Helium’s Proposed Move to Solana
Decentralized Wi-Fi network Helium Network has proposed moving to the Solana blockchain. But a Solana competitor has another idea in mind.
By Cam Thompson
Updated May 11, 2023, 4:18 p.m. Published Sep 12, 2022, 8:04 p.m.
The Helium Network’s proposed migration to Solana has a competitor waiting in the wings.
Early Monday, two Algorand executives tweeted their interest in bringing the decentralized Wi-Fi network to their blockchain instead of Solana. Founder Silvio Micali and Chief Technology Officer John Alan Wood took not-so-subtle digs at Solana with tweets saying Helium “needs a secure, robust and scalable chain.”
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Borderless Capital, the Algorand-focused venture firm and Helium investor, also pushed for Helium to reconsider its prospective new home. It called for the community to scrap its proposed vote on moving to Solana and “evaluate proposals from other leading [level 1] blockchains first.”
The pro-Algorand calls come two weeks after Helium ecosystem developers first proposed a vote to migrate to Solana in the name of scalability and network efficiency, abandoning its own unstable chain.
“We agree thatHelium can not maintain and operate its own [layer 1] chain,” Borderless capital tweeted. “But, it is impossible for the community, third-party developers, staking providers and users to understand the pros and cons of moving to a [chain] likeSolana without more rigorous analysis and transparency.”
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Michael Saylor's Strategy Hangs on to Spot in Nasdaq 100 Index
The annual Nasdaq 100 rebalance saw six companies dropped and three new additions, with changes taking effect on December 22, but bitcoin treasury company Strategy hung onto its spot.
What to know:
- Strategy (MSTR) will remain in the Nasdaq 100 index despite a major reshuffle, which saw several household names dropped.
- The firm's business model, which involves stockpiling bitcoin, has drawn criticism from analysts and index providers, with MSCI considering excluding crypto treasury companies from its benchmarks.
- The Nasdaq 100 rebalance saw six companies dropped and three new additions, with changes taking effect on December 22, but Strategy's bitcoin-heavy strategy secured its spot.
Top Stories
