Helium’s IOT token has surged by more than 370% after the successful transfer of the protocol to the Solana blockchain. The migration of the Helium blockchain to the Solana network is a significant development in the growth of the Helium ecosystem, allowing it to increase its scalability and transaction speed while retaining the security and decentralization features of the blockchain. The migration also marks a significant shift for the Helium network as it moves away from the LoRaWAN protocol for hotspot mining and instead utilizes the IOT token as both the incentive and governance token for the Helium IoT network. Additionally, other recent announcements include Kamino Finance, a decentralized finance protocol.
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