Aug 20, 2021
SOL is up 75% over the past seven days, 205% in the past month, and 3,800% YTD. On Unchained, Multicoin Capital’s Kyle Samani discusses the DeFi projects fueling Solana’s growth, why he thinks Solana could make Ethereum obsolete, and the spectrum of decentralization. Show highlights:
- what factors have contributed to SOL’s growth this year
- what two milestones occurred last week that Kyle thinks supercharged SOL’s popularity
- why Kyle thinks the issues with the Degen Ape Academy NFT drop were not actually a problem with the Solana blockchain
- what projects will be possible on Solana that are impracticable on Ethereum
- why Kyle thinks some combination of NFTs and social token apps will be the first breakout app on Solana
- why Solana decreases the risk of massive liquidations -- like the crypto industry saw on Black Thursday in March 2020
- how Solana and Ethereum differ in regards to composability and fragmentation
- what BitClout has to do with Kyle’s Solana investment thesis
- why Solana could be the basis for the next crypto bull run
- why Kyle thinks the Ethereum merge as it completes transition to Ethereum 2.0 will not really affect Solana
- how the competition between Solana and Ethereum could play out in the next 12 months
- why Kyle is not overly concerned about Solana being more centralized than Ethereum
- what the Solana versus Ethereum competition will look like going forward, and why Solana may have the upper hand
- what Kyle learned from his investment in EOS
Thank you to our sponsors!
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Episode links
Kyle Samani
- Twitter: https://twitter.com/KyleSamani
- Multicoin Capital: https://multicoin.capital/
Previous Unchained appearances:
- May 2021: https://unchainedpodcast.com/how-solana-and-binance-smart-chain-could-take-ethereums-lead/
- April 2020: https://unchainedpodcast.com/the-most-forkable-defi-protocols-on-ethereum/
- March 2020: https://unchainedpodcast.com/teetering-on-the-edge-how-black-thursday-exposed-the-flaws-in-the-crypto-markets/
- January 2020: https://unchainedpodcast.com/kyle-samani-on-how-2020-will-be-the-year-of-small-success-stories/
- March 2019: https://unchainedpodcast.com/how-binance-could-become-the-first-decentralized-autonomous-corporation/
- June 2018: https://unchainedpodcast.com/multicoins-kyle-samani-on-why-he-believes-bitcoin-governance-doesnt-accommodate-the-real-world-ep-025/
- May 2018: https://unchainedpodcast.com/multicoin-on-the-1-thing-crypto-teams-miss-in-their-quests-for-success/
Solana
- Twitter: https://twitter.com/solana
- Recent updates: https://solana.com/news/solana-ecosystem-news/
- Website: https://solana.com/
Recent SOL boom
- https://twitter.com/JohnStCapital/status/1427088119870935047
- https://www.ar.ca/blog/11-thoughts-during-a-digital-assets-bull-market
- https://www.forbes.com/sites/ninabambysheva/2021/08/16/solana-hits-new-all-time-high-above-60/
- https://twitter.com/KyleSamani/status/1425282669630328841
Projects
- Saber (AMM/DEX) growth
- Audius
- Degenerate Ape Academy
- Mango Markets
- Wormhole
Multicoin’s Solana material
- https://multicoin.capital/2021/05/04/announcing-venture-fund-ii/
- https://multicoin.capital/2019/03/14/on-value-capture-at-layers-1-and-2/
- https://multicoin.capital/2019/07/30/the-world-computer-should-be-logically-centralized/
Solana overview
- https://thedefiant.io/solana-defi-ecosystem-overview/
- https://research.thetie.io/solana-ecosystem/
- https://research.binance.com/en/projects/solana
- https://medium.com/coinmonks/solana-more-update-for-sol-becb65024877
- https://genesisblockhk.com/what-is-solana/
Block explorers
Submitted questions from Unchained listeners