Tristan Frizza, a builder at Zeta Markets, and Jayant Krishnamurthy from Doro Labs discuss the evolving landscape of DeFi on Solana. They tackle the challenges of congestion and suggest Layer 2 solutions to enhance performance. The duo highlights the importance of high-frequency price data through oracles and the recent transformation of Solana's DeFi post-FTX collapse. They also explore the competitive dynamics between Layer 1 and Layer 2, emphasizing the need for unique innovations in the decentralized finance space.

Jayant Krishnamurthy, Co-founder of Duoro Labs, discusses how Pyth is revolutionizing blockchain oracles by addressing challenges and expanding to over 30 blockchains. They explore the PITH Network, optimizing multi-chain protocols with miracle trees, the evolution of DeFi, bridging limitations, and the challenges and design space for oracles. They also discuss operating Pith in a bear market and compare Solana and Ethereum ecosystems.