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Unchained

2024 Was Solana's Best Year Yet. Can It Sustain the Momentum in 2025? - Ep. 755

Dec 24, 2024
Lily Liu, President of the Solana Foundation, and Mert Mumtaz, CEO of Helius, share insights on Solana's transformative growth in 2024. They discuss its burgeoning developer interest and ambitions to emerge as a 'decentralized Nasdaq.' The pair debate competition with Layer 2 solutions like Base and why they view it as a non-threat. Their conversation also delves into innovative approaches to network extensions and MEV challenges, as well as how the new Solana mobile phone aims to reshape user experiences in crypto.
57:23

Podcast summary created with Snipd AI

Quick takeaways

  • Solana's significant growth in 2024, characterized by heightened developer interest and transaction rates, positions it as a formidable player in the crypto space.
  • Despite the competitive landscape, Solana's unique innovations and approach to decentralized infrastructure have the potential to foster a distinctive identity separate from Ethereum.

Deep dives

Competitive Landscape: Solana vs BASE

BASE is currently perceived as competitive with Solana due to its fast and cost-effective services. However, long-term competition is questioned, particularly regarding scalability and decentralization, which are vital for a sustainable blockchain ecosystem. The conversation highlights a common dichotomy among users, where they downplay decentralization while simultaneously claiming it as an advantage for Ethereum. This inconsistency raises concerns about the real values and expectations from layers built on cryptocurrencies.

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