Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies Solana: From On-Chain Nasdaq to the Pump Fun Craze - Anatoly Yakovenko
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Mar 15, 2025 
Anatoly Yakovenko, co-founder of Solana, dives into the scalability and unique features of his blockchain platform. He shares insights on the journey of Solana, from tackling bottlenecks to its vibrant community post-FTX. The discussion covers controversial topics like miner extractable value (MEV), concurrent block leaders, and advancements like the Firedancer upgrade. Yakovenko also explores Solana’s economic proposals and the upcoming Seeker phone, which aims to redefine the smartphone market for crypto enthusiasts.
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Unexpected NFT and Meme Coin Boom
- Solana unexpectedly saw NFTs and meme coins as major use cases instead of traditional trading.
- The biggest innovation was programmatic market makers like AMMs disrupting traditional financial layers.
Blockchain Value Is Fee-Driven
- Blockchain value derives mainly from revenue-generating fees, not just token holdings.
- Sustaining engineering effort requires fees sufficient to support validator and developer costs.
MEV Through Competition and App Fees
- MEV should maximize competition so users find the best execution price.
- Allowing apps to set fees for access to their state preserves atomic composability and value capture.