We catch up with Kel, Messari's pre-eminent Solana researcher, to see how his views have changed since we last spoke during the summer. Specifically, what can we look forward to on Solana in the short, medium, and long term? What are some key remaining headwinds to overcome? We cover these key questions and a bunch of others throughout this discussion.

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Time Stamps

(0:00) - Price leading narrative

(3:52) - Being caught offside 

(5:41) - Are institutions buying

(11:23) - Impact of upcoming airdrops

(15:11) - The need for SPL token launches

(19:55) - Breaking out of the points meta

(22:30) - The death of social?

(24:13) - Solana project diversity

(26:08) - Do L1s need native CEX integrations to succeed

(28:49) - Sal’s Breakpoint takeaways

(31:55) - Solana headwinds

(36:54) - Which narratives are overheated

(42:41) - Eth Vs Sol alignment 

(51:49) - Sol token economics

(57:24) - End state for Eth defi

(1:01:28) - Stablecoins on Solana

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Podcast Resources

Follow Sal: https://twitter.com/Sal_The_Bull

Follow Dave: https://twitter.com/SolBeachBum

Follow Unlayered: https://twitter.com/UnlayeredPod

Subscribe on Spotify, Apple, or Google: https://unlayered.io/

Clips on YouTube: https://www.youtube.com/@UnlayeredPod

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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