How Solana and Binance Smart Chain Could Take Ethereum's Lead - Ep.240

Kain Warwick, founder of Synthetix, and Kyle Samani, managing partner at Multicoin Capital, debate the merits of Ethereum, Solana, and Binance Smart Chain. In this episode, they discuss:

why Ethereum is losing market share to Solana and BSC

whether decentralization matters and at what point decentralization becomes redundant

why they think Solana and Binance Smart Chain need to be taken seriously as competitors to EThereum

whether BSC or Solana is the bigger long-term threat to Ethereum

the biggest obstacle to Ethereum’s success (and it’s not gas fees)

how Ethereum will navigate fragmented Layer 2 solutions

Solana and its lack of developers

what differentiates DeFi from CeFi

why Solana has an edge on Ethereum in terms of composability 

how Ethereum will onboard new users

why Kain is such an ardent backer of Ethereum

why both Kyle and Kain think EIP 1559 and the potential for higher ETH prices is bad for Ethereum

if Synthetix would ever consider launching a cross-chain product

the viability of a multi-chain world

why Kyle believes the future holds a winner-take-most blockchain ecosystem

Thank you to our sponsors!

E&Y: https://ey.com/globalblockchainsummit 

Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2 

Kyber Network: Dmm.exchange 

Episode Links

People

Kyle Samani

Twitter: https://twitter.com/KyleSamani 

Multicoin Capital: https://multicoin.capital/ 

Kain Warwick

Twitter:  https://twitter.com/kaiynne

Synthetix: https://synthetix.io/ 

Content

Kain’s tweet that instigated this pod:

https://twitter.com/kaiynne/status/1387266949302734852

Multicoin Blogs:

New $100m fund focused on Solana

https://multicoin.capital/2021/05/04/announcing-venture-fund-ii/ 

BNB Investment + valuation

https://multicoin.capital/2019/02/19/binance-coin-analysis-and-valuation/ 

Investment in Solana

https://multicoin.capital/2019/07/30/the-world-computer-should-be-logically-centralized/ 

Ethereum analysis

https://multicoin.capital/2019/05/24/the-unbundling-of-ethereum/

Value Capture at Layers 1 and 2

https://multicoin.capital/2019/03/14/on-value-capture-at-layers-1-and-2/ 

Kain Warwick and Sam Bankman Fried podcast

https://www.cryptonotes.org/2020/10/sbf-kain-blockcrunch-117/ 

Comparing AMMs on different blockchains

https://www.coindesk.com/pancakeswap-uniswap-sushiswap-crypto-defi-exchange 

BSC and Solana NFT platforms

https://www.theblockcrypto.com/post/102959/binance-is-launching-its-own-nft-marketplace-in-june

https://www.coindesk.com/banksy-burners-raise-3m-to-build-nft-platform-on-solana 

Overview of Layer 2 solutions on Ethereum

https://ethereum.org/en/developers/docs/scaling/layer-2-rollups/

Binance Smart Chain guide

https://defiprime.com/binance-smart-chain

Solana guide

https://thedefiant.io/solana-defi-ecosystem-overview/

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