On April 13, Solana announced the availability of its flagship security-conscious Saga crypto smartphone for pre-order customers. The device will be available for new orders starting May 8. The Saga smartphone will be capable of managing and storing crypto assets, minting NFTs, and running decentralized applications from the Solana dApp store. It will come with impressive hardware specifications, including a Snapdragon 8+ mobile platform, 12GB memory, 512GB storage, and a 6.67” OLED display, priced at around $1,000.
Saga was designed to compete with any flagship smartphone in the market.
We are proud to bring Web3 right to your fingertips with premium hardware from @OsomPrivacy, powered by the latest Android OS.
Take a look at our spec sheet 🧵 pic.twitter.com/UyKhLSGESn
— Solana Mobile 🌱1️⃣3️⃣ (@solanamobile) April 13, 2023
Solana Usage Slides
The device is available to ship in the U.S., EU, U.K., Canada, Switzerland, Australia, and New Zealand. Upon setting up their device, Saga users will be able to claim a “Saga genesis token NFT.” Solana’s active wallets have declined by 60% over the past three months, according to the Solscan analytics platform. The total value locked in Solana DeFi is currently around $539 million, and its market share is less than 1%, despite its previous claims of “killing Ethereum.” The ecosystem has also experienced disruptive network outages.
SOL Price Outlook
SOL prices have gained around 4% on the day, reaching $25. Over the past week, the token has increased by 20%. However, despite the overall crypto market being higher, SOL remains 90% lower than its peak price of $260 in November 2021.
