Kel, researcher at Messari, discusses the shifting narrative around Solana in the crypto community. Topics include quantitative comparison of Sol vs Eth, NFT compression, blockchain ecosystem taxonomy, valuing an L1, which apps will lead the next bull market, imagining web 3 social protocols, and looking ahead.
Kel's research on Solana changed his perspective and revealed its potential.
Solana's state compression can reduce NFT costs and encourage experimentation.
Solana is a leading player in the integrated approach to blockchain ecosystems.
Deep dives
The Importance of Open-mindedness and Researching Solana
Kel Misari initially had negative opinions about Solana but decided to have an open mind and research the ecosystem. This research led him to discover the potential and changed his perspective.
Comparing Solana's Eventful Journey to Kel Misari's Experience
Kel Misari's journey into the Solana ecosystem mirrored the ups and downs of his experience attending the Breakpoint conference in 2021. The energy, excitement, and growing ecosystem in Solana convinced him that there is significant potential in the platform.
Exploring the Potential of Solana in Comparison to Ethereum
Kel Misari's graphic analysis compares the strengths of Solana and Ethereum in various categories, highlighting that while Ethereum currently dominates, Solana offers forward-facing criteria that could be more relevant in the future.
The Value of State Compression in the Solana Ecosystem
State compression in Solana has the potential to significantly reduce the cost of minting and managing NFTs, unlocking new use cases and encouraging experimentation with these assets at a lower cost.
Taxonomy of Blockchains and the Future Landscape
Kel Misari discusses the taxonomy of blockchains, highlighting the dominance of Ethereum in the modular approach and Solana as a leading player in the integrated approach. It is observed that it is still early to determine the future of other ecosystems like Aptos and Swoop.
Kel (@kelxyz_) is a researcher at Messari who recently dropped an amazing 30-page report (and awesome summary thread) on Solana. Sal and Dave chat with Kel about what he sees in Solana that others may have overlooked. Specifically, the trio cover the shifting narrative that has more people believing in the Solana ecosystem than ever before. Topics covered throughout the interview include Solana’s state compression, how to quantitatively judge SOL vs ETH performance, the class of users that crypto ultimately needs to support, and what consumer crypto applications should focus on (among other topics).
(0:14) - Experiencing IRL Solana events
(6:25) - Quantitative comparison of Sol Vs Eth
(16:13) - Recency bias
(21:11) - NFT compression unlocks
(27:34) - Blockchain ecosystem taxonomy
(30:15) - Valuing an L1
(35:36) - Which apps will lead the next bull market
(45:16) - Imagining web 3 social protocols
(55:37) - Looking ahead
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Podcast Resources
Follow Sal: https://twitter.com/sal_coin
Follow Dave: https://twitter.com/SolBeachBum
Follow Unlayered: https://twitter.com/UnlayeredPod
Subscribe on Apple: http://apple.co/3VyBSWI
Subscribe on Spotify: http://spoti.fi/42q03J2
Subscribe on Google: https://tinyurl.com/5dwn2476
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Episode Resources
Follow Kel: https://twitter.com/kelxyz_
Kel’s Solana Report: https://twitter.com/kelxyz_/status/1673725589876797441?s=20
Follow Messari: https://twitter.com/MessariCrypto
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