Anatoly Yakovenko

He spent thirteen years building phone software at Qualcomm, then worked out how to make a blockchain keep time and used it to build Solana - the fastest chain in crypto and for a while the one most likely to fall over. FTX nearly took it down with them. It came back anyway.

01
Work History
Every job he has had, starting with the most recent
Solana Labs · Qualcomm · Dropbox
2017 - now
Co-founder and CEO
Solana Labs
ACTIVE
2017
Software engineer
Dropbox
PAST
2016 - 2017
Software engineer
Mesosphere
PAST
2003 - 2016
Senior Staff Engineer, operating systems
Qualcomm
PAST
1999 - 2003
Computer Science
University of Illinois Urbana-Champaign
EDU
02
AUG
SOL holds near $150 while the rest of the market bleeds
MARKETThe Block●○○ LOW
▲ +$18M +1.60%
01
AUG
Firedancer now secures more than a tenth of all stake
BUSINESSCoinDesk●●○ MED
no change
31
JUL
Solana Mobile opens pre-orders for its third phone
BUSINESSThe Verge●○○ LOW
no change
30
JUL
Solana Labs is hiring for 22 roles this month
BUSINESSCryptoJob Index●●○ MED
no change
28
JUL
A spot SOL ETF clears another round of amended filings
REGULATORYReuters●●○ MED
▲ +$12M +1.10%
26
JUL
A validator bug forces a short network restart
MARKETBlockworks●●○ MED
▼ −$15M −1.30%
24
JUL
He says the outages taught him more than the record highs
PERSONALLightspeed●○○ LOW
no change
21
JUL
Solana out-earns every other chain on daily fees
BUSINESSThe Block●○○ LOW
no change
2017BUILT
Invented Proof of History

The whitepaper that started Solana: a cryptographic clock that lets a chain order events without every node checking with every other. It is the whole reason Solana is fast.

2018BUILT
Founded Solana, named after a beach

He and a handful of ex-Qualcomm engineers named the company after Solana Beach, north of San Diego, where they used to surf. The token was worth less than a dollar.

2020BUILT
Launched the mainnet - and the outages

The main network went live in March 2020. It was extraordinarily fast and, for years, embarrassingly prone to grinding to a full stop under load.

2021PUBLIC
SOL became a top-five cryptocurrency

In a single year the token went from a few dollars to an all-time high near $260, and Solana was suddenly named as the serious challenger to Ethereum.

2022PUBLIC
FTX nearly took it down

FTX and Alameda were among Solana's largest backers. When they collapsed in November, SOL fell more than 90% and most of the industry wrote the chain off for dead.

2024BUILT
Became the busiest chain in crypto

A faster validator client and a wave of memecoin trading pushed Solana past every other chain on daily transactions and fees. The obituaries aged badly.

2026PUBLIC
Still standing, still shipping

Two years into the recovery, Solana is a fixture of the top five and Yakovenko is back to arguing about hardware limits rather than survival.

$1.1B▼ −$450M −29.03% 1Y
Highest
$2.1B
Lowest
$0.9B
2025 peak · $2.1B
Cycle low · $0.95B
$2.2B
$1.9B
$1.5B
$1.2B
Aug 25OctDecFeb 26AprJunAug
Where the money is
Most of it is his stake in Solana Labs
Stake in Solana Labs$560M
co-founder equity
SOL$449M
across several wallets
Angel investments$150M
40+ crypto startups
Cash and other$70M
reported, not confirmed

You need a clock before you can agree on anything. That is really all Proof of History is.

We optimised for speed and paid for it in uptime. I would make the same trade again.