On a typical evening, with two cups of coffee and a glass of beer in his belly, Toly Yakovenko's fate quietly began to turn. Today, his entrepreneurial project Solana has a market value of up to 80 billion US dollars. Behind this glamorous facade lies a little-known story waiting for us to explore.

In 2010, Toly first learned about cryptocurrency and tried mining Bitcoin. However, just when he thought he had found a better method, he was deceived…

Years later, while developing deep learning projects using GPUs, he decided to mine ETH to offset operational costs. As the price of ETH continued to soar, he finally realized that cryptocurrency was far from child's play.

A few weeks later, the gears of fate began to turn…

Toly and his friends were discussing blockchain in a café. After drinking two beers and a cup of coffee, Toly found himself unable to sleep.

It was then that he was inspired…

He came up with the idea of using timestamps as the basis for blockchain consensus, which is now known as Proof-of-History.

And thus, Solana was born.

Interestingly, its name originated from a place where he and his friends used to surf.

In February 2018, Toly and another co-founder released the white paper and the first testnet of Solana. Over the next two years, they raised 20 million US dollars and launched the mainnet test version in 2020.

The public chain quickly grew and expanded…

In March 2021, the first batch of NFTs (KREECHURES) was launched on Solana. Due to its low transaction costs, Solana became the preferred public chain for new NFTs and protocols. All of this helped Solana form one of the most powerful communities in the entire crypto space.

Since then, Solana has experienced crashes and even the collapse of FTX. But it has persevered, and now it:

• Ranks 3rd in TVL
• Has a market value of 80 billion US dollars
• Ranks 2nd in NFT trading volume
• Has 47 million monthly active wallets

All of this is thanks to Toly's efforts driven by two cups of coffee and a glass of beer that night.

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