Why Ethereum & Solana Are Not Built for Mass Adoption
Mar 21, 2025
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Adeniyi, co-founder of Mysten Labs and the Sui blockchain, dives into the intricate world of crypto and mass adoption hurdles. He critiques Ethereum and Solana, suggesting their architectures might hinder broader use. The discussion also touches on the evolution of blockchain, the role of decentralized trading platforms, and how gaming could drive Web3 adoption. Adeniyi emphasizes the need for genuine user engagement over mere wallet counts and shares insights on innovative tech like the Move programming language to enhance security and onboarding.
Ethereum and Solana's architecture may not support the mass adoption of blockchain needed for mainstream use.
The gaming industry is expected to drive significant blockchain adoption by enhancing player experiences through asset ownership and lower costs.
The convergence of AI and blockchain could revolutionize technology interfaces, enabling seamless transactions and dynamic user interactions in various applications.
Deep dives
Market Outlook and Investment Trends
Current market conditions reflect a sense of uncertainty in both equity and crypto markets, with investors waiting for clear guidance on future investments. Despite a downturn, there has been a notable influx of capital into the crypto space, with around $800 million invested in just the past quarter. Regulatory developments, such as upcoming stablecoin legislation and banks beginning to custody crypto, are expected to ease investor fears and increase confidence in the market. Overall, there is an optimistic outlook for the crypto sector, suggesting that it remains a significant player in the broader financial landscape.
Long-Term Vision for Blockchain
The integration of blockchain technology is viewed as essential for future innovation, particularly in asset digitization and interoperability across platforms. With a history in traditional finance and tech, the speaker emphasizes the potential of blockchain to revolutionize various sectors by streamlining processes and reducing inefficiencies. It is predicted that the next generation of successful applications will emerge from a deeper understanding of how to effectively utilize blockchain for asset management and transaction efficiency. There is a strong belief that as developer tools improve, more sophisticated and widespread use cases will follow.
Adoption Through Gaming
Gaming is anticipated to be the most significant driver for blockchain adoption due to the vast number of gamers worldwide and the potential for immersive experiences that utilize crypto seamlessly. The speaker notes that traditional gaming models, often overly focused on monetization, have led to user dissatisfaction and high turnover rates. In contrast, blockchain provides a unique opportunity to enhance gameplay through asset ownership and lower transaction costs, potentially transforming gaming into a more rewarding experience. By collaborating with established gaming studios, new blockchain-based games can emerge without overwhelming players with the complexities of cryptocurrency.
Innovative Use of AI and Blockchain
The convergence of AI and blockchain is seen as a pivotal step toward creating more dynamic and user-friendly technology interfaces. The potential for AI agents to handle tasks such as booking travel while accessing multiple services simultaneously could reshape user experiences significantly. With blockchain providing a decentralized framework for these interactions, the ability to conduct transactions seamlessly becomes feasible. The introduction of atomic transactions, where multiple commands can execute simultaneously without failure, positions blockchain as an ideal platform for future AI-driven applications.
The Future of Layer 1 Solutions
The landscape of Layer 1 blockchains is crowded, with many lacking unique functionalities that distinguish them from established chains like Ethereum or Solana. The need for more meaningful applications on these platforms becomes apparent, as developers focus too heavily on infrastructure without sufficient end-user solutions. Emerging blockchains, such as Sui, aim to offer differentiated programming models that encourage greater developer engagement and superior user experiences. The emphasis on safety, scalability, and ease of use is crucial for the survival and success of new projects in an increasingly competitive market.
In this episode of The Milk Road Show, we sit down with Adeniyi, co-founder of Mysten Labs and the Sui blockchain, for a discussion about the future of crypto and the challenges of mass adoption. While Ethereum and Solana have made significant strides, Ade argues their architecture may not be the ideal foundation for onboarding the masses.
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The information presented in this video is for educational and informational purposes only. It should not be considered as financial, legal. The views and opinions expressed by the speakers, are their own and do not constitute professional advice. Investing in cryptocurrencies carries significant risks, including the potential for substantial losses.
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