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ToggleIn the Crypto world, few names leave as clear a mark as Anatoly Yakovenko, the co-founder of the Solana network. From a software engineer at Qualcomm to one of the technological minds behind a blockchain ecosystem capable of processing thousands of transactions per second, Anatoly's journey is a story of combining technological vision and innovative spirit.
Let Allinstation explore the person who built Solana, the blockchain network once dubbed the "Ethereum Killer", and how he is shaping the future of the Web3 industry through the article below!
Who is Anatoly Yakovenko?
Anatoly Yakovenko was born in Ukraine but grew up and studied in the United States. He graduated from the University of Illinois Urbana-Champaign, one of the world's top schools for computer science.
Before entering the blockchain world, Anatoly was a senior software engineer at Qualcomm, one of the world's leading technology corporations in mobile processors. He spent over 10 years working there, particularly in areas such as embedded systems, network performance, and processor optimization. Besides Qualcomm, Anatoly also held positions at Dropbox and Mesosphere, where he continued to accumulate experience in distributed systems and high-performance architecture.
- Solana Mobile & Saga Phone – Betting on Mobile Web3
- Firedancer – A completely new validator client built by Jump Crypto to help increase network sharding capability
- Solana Mobile Stack (SMS) – Software ecosystem supporting Web3 apps on mobile
Result: Solana makes a strong recovery in 2024 with waves of meme coins, DePIN, on-chain games, and new Non-Fungible Tokens. Solana once again becomes the "hottest" name on all blockchain rankings.
Current Solana – Confidently Ranking 6th Among Largest Market Capitalization Projects
By 2025, Solana has confirmed its position as one of the most successful blockchains in the Web3 market due to its outstanding performance and increasingly expanding ecosystem. This network currently achieves transaction speeds up to 65,000 TPS with block creation time of only about 600ms, helping to process transactions quickly and at extremely low fees.
The Total Value Locked (TVL) on Solana has reached over $7.6 billion, increasing strongly in 2025, with over $13 billion in stablecoins in circulation, mainly USDC. The network's monthly revenue has also reached new records, surpassing Ethereum at times. Not only strong in DeFi, Solana has also proven its appeal to users through practical applications like Solana Mobile, DEX Jupiter, Jito staking platform, etc.
At the same time, interest from institutional investors has become increasingly apparent as many large funds like VanEck and Bitwise have filed to establish ETFs based on SOL. With a top 5 position for highest TVL and ranking 6th in market capitalization, Solana is now not just a technology platform but also a top destination for global developers and investors.
Anatoly Yakovenko's Perspective on Web3 and Blockchain Future
Anatoly believes that blockchain will only be successful when users don't need to know they are using blockchain, similar to how we don't need to know the operating mechanism of the Internet or credit card systems.
He once stated: "Technology is just a tool. What I care most about is the ability to open up a financial system without intermediaries and without limits for everyone."
Conclusion
Anatoly Yakovenko is not just a brilliant engineer but also the founder of one of the most high-performance and innovative blockchain networks today. Although the journey still has many challenges, his vision and technological philosophy are helping Solana shape a new blockchain generation, focusing on user experience and practical scalability.
In the constantly changing Web3 market, Anatoly remains one of the most influential figures, proving that innovation does not only come from giants, but sometimes from quiet but passionate engineers.
