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