Solana’s new phase is ‘much more about finance,’ says Backpack CEO Armani Ferrante

The Solana ecosystem has spent the past year doubling down on a financial infrastructure, Backpack CEO Armani Ferrante told CoinDesk. What to know : Solana’s latest phase looks a lot less flashy than its memecoin-fueled highs, and that may be the goal. Armani Ferrante, CEO of crypto exchange Backpack , told CoinDesk in an interview the Solana ecosystem has spent the past year doubling down on a more sober focus: financial infrastructure. A fter years of experimentation as the wider crypto industry focused on NFTs, games and social tokens, attention is now shifting back toward decentralized finance, trading and payments.