Did Pyth's airdrop overwhelm the Solana network? Was the degraded user experience an application fault, the result of a crude fee market or a stability issue? Garrett and Mert answer these questions in today's roundup. We also cover the SEC's attack on crypto, Solana's airdrop season, the changing L2 sentiment, Bonk's meteoric rise and more!

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Timestamps

(00:00) Introduction

(00:23) The SEC vs Kraken, SOL and Airdrops

(6:03) Pyth’s Airdrop and Solana’s Network Stability

(13:46) Priority Fees, Jito and Out-Of-Network Payments

(17:33) The Changing L2 Sentiment

(26:08) Coinbase Continues to Ignore Solana

(29:31) Will L2s Ever Be Immutable?

(33:48) Durable Nonces and Preconfirmations

(39:18) Product vs Decentralization

(44:20) Bonk’s Meteoric Rise

(47:18) Gameable Metrics, Onchain Identity & Competition

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Resources

Dune's Headmaster

https://twitter.com/andrewhong5297

A Guide to Solana for Ethereum Analysts

https://read.cryptodatabytes.com/p/a-guide-to-solana-for-ethereum-analysts

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Disclaimers:

Lightspeed was kickstarted by a grant from the Solana Foundation.

Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mert, Garrett and our guests may hold positions in the companies, funds, or projects discussed.