• Solana has announced the launch of its crypto-focused Saga smartphone, slated for a May 8 launch.
  • First teased 10 months ago, shipping has already begun for those who pre-ordered.
  • Saga meets users where crypto and mobile technology intersect.

Solana Labs' pro-crypto smartphone, christened 'Saga,' will be launched on May 8, with pre-ordered devices already in the shipping stage.

Also Read: This is how Solana plans to cut costs for its on-chain storage solution

Solana's Saga mobile device

The device, which uses the Android operating system, is a gamble on mobile with special relevance to the future of the cryptocurrency industry. It comes around 10 months after Solana first teased about the sporadic potential of a cell phone that could also serve as a dedicated cryptocurrency wallet. At the time, Solana Labs was considering the possibilities a product of this kind would have on the entire cryptocurrency ecosystem.

Reportedly, Saga cost up to $1,000 and was built on hardware from OSOM, a smartphone company located in the Bay Area. The device boasts a 512 GB storage capacity with two versatile back camera lenses. It also features a 6.67-inch OLED display and fingerprint scanner for security. The latest Android version and operating system have been featured in the Saga.

Among the distinguishing features of the Saga device includes the "Solana Mobile Stack" (SMS), a lineup of special add-ons integrating crypto's usefulness into the hardware and software of the phone. Moreover, SMS contains intrinsic security features that help facilitate sending, receiving, trading, and storing of cryptocurrency on the device.

Saga is hack-resistant, distinguished from market rivals

The safety element of the Saga device is that it is immune to hacking so that confidential information can be stored within the phone. The device contains a customized "seed vault" where the owner can store their private keys to achieve this security element.

Additionally, Saga's custom 'dApp' store only lists applications. There are over 12 applications in the store relating to cryptocurrency trading, communications between wallets, music, and digital collectibles. These applications can be downloaded, and many others are expected to come soon.

The company has already committed not to impose "extractive fees" on dApp store applications. The move distinguishes Saga from industry peers such as Apple and Google, who demand a 30% tax on their respective storefronts. Noteworthy, the device's dApp store differs from Android's Google Play.

With this landmark, Solana beats giant phone manufacturers like HTC and smaller ones like Sirin Labs, who have tried to develop a crypto-forward smartphone in the past but failed.

Solana's Saga has expertly achieved a device built for and marketed to a single cryptocurrency ecosystem. The ecosystem has been in the limelight since June 2022 when Solana co-founder, Anatoly Yakovenko, launched the Saga at an event in New York where Sam Bankman-Fried was headlined.

Since then, the SOL community, including its partisan developers and traders, has been in a defense mode after some of the ecosystem's core technology repeatedly failed.

A chance at narrative reset for Solana

By doubling down on mobile, the network can change the narrative for the better, as it presents an opportunity to put cryptocurrency in people's pockets, something the rest of the digital world is interested in doing.

As the Solana Saga ventures into the market, it meets users where cryptocurrencies and mobile technology. This innovative smartphone allows users to integrate their digital assets into their daily lives seamlessly. 


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

Polygon joins forces with WSPN to expand stablecoin adoption

Polygon joins forces with WSPN to expand stablecoin adoption

WSPN, a stablecoin infrastructure company based in Singapore, has teamed up with Polygon Labs to make its stablecoin, WUSD, more useful in payment and decentralized finance.

More Cryptocurrencies News
Coinbase envisages listing of more meme coins amid regulatory optimism

Coinbase envisages listing of more meme coins amid regulatory optimism

Donald Trump's expected return to the White House creates excitement in the cryptocurrency sector, especially at Coinbase, the largest US-based crypto exchange. The platform is optimistic that the new administration will focus on regulatory clarity, which could lead to more token listings, including popular meme coins.

More Crypto News
Cardano's ADA leaps to 2.5-year high of 90 cents as whale holdings exceed $12B

Cardano's ADA leaps to 2.5-year high of 90 cents as whale holdings exceed $12B

As Bitcoin (BTC) gets closer to the $100,000 mark for the first time — it crossed $99,000 earlier Friday — capital is rotating into alternative cryptocurrencies, creating a buzz in the broader crypto market.

More Bitcoin News
Shiba Inu holders withdraw 1.67 trillion SHIB tokens from exchange

Shiba Inu holders withdraw 1.67 trillion SHIB tokens from exchange

Shiba Inu trades slightly higher, around $0.000024, on Thursday after declining more than 5% the previous week. SHIB’s on-chain metrics project a bullish outlook as holders accumulate recent dips, and dormant wallets are on the move, all pointing to a recovery in the cards.

More Shiba Inu News
Bitcoin: New high of $100K or correction to $78K?

Bitcoin: New high of $100K or correction to $78K?

Bitcoin surged to a new all-time high of $93,265 in the first half of the week, followed by a slight decline in the latter half. Reports highlight that Bitcoin’s current level is still not overvalued and could target levels above $100,000 in the coming weeks.

Read full analysis
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

BTC

ETH

XRP