Unconfirmed: SOL Is Up 3,800% YTD. Could It Eventually Displace Ethereum? - Ep.265

SOL is up 75% over the past seven days, 205% in the past month, and 3,800% YTD. On Unchained, Multicoin Capital’s Kyle Samani discusses the DeFi projects fueling Solana’s growth, why he thinks Solana could make Ethereum obsolete, and the spectrum of decentralization. Show highlights:

what factors have contributed to SOL’s growth this year

what two milestones occurred last week that Kyle thinks supercharged SOL’s popularity

why Kyle thinks the issues with the Degen Ape Academy NFT drop were not actually a problem with the Solana blockchain

what projects will be possible on Solana that are impracticable on Ethereum

why Kyle thinks some combination of NFTs and social token apps will be the first breakout app on Solana

why Solana decreases the risk of massive liquidations -- like the crypto industry saw on Black Thursday in March 2020

how Solana and Ethereum differ in regards to composability and fragmentation

what BitClout has to do with Kyle’s Solana investment thesis

why Solana could be the basis for the next crypto bull run

why Kyle thinks the Ethereum merge as it completes transition to Ethereum 2.0 will not really affect Solana

how the competition between Solana and Ethereum could play out in the next 12 months

why Kyle is not overly concerned about Solana being more centralized than Ethereum

what the Solana versus Ethereum competition will look like going forward, and why Solana may have the upper hand

what Kyle learned from his investment in EOS

Thank you to our sponsors!

Sorare: https://sorare.com   

Polymarket: https://polymarket.co/unconfirmed 

Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2021  

Episode links

Kyle Samani

Twitter: https://twitter.com/KyleSamani 

Multicoin Capital: https://multicoin.capital/ 

Previous Unchained appearances:

May 2021: https://unchainedpodcast.com/how-solana-and-binance-smart-chain-could-take-ethereums-lead/ 

April 2020: https://unchainedpodcast.com/the-most-forkable-defi-protocols-on-ethereum/

March 2020: https://unchainedpodcast.com/teetering-on-the-edge-how-black-thursday-exposed-the-flaws-in-the-crypto-markets/ 

January 2020: https://unchainedpodcast.com/kyle-samani-on-how-2020-will-be-the-year-of-small-success-stories/ 

March 2019: https://unchainedpodcast.com/how-binance-could-become-the-first-decentralized-autonomous-corporation/ 

June 2018: https://unchainedpodcast.com/multicoins-kyle-samani-on-why-he-believes-bitcoin-governance-doesnt-accommodate-the-real-world-ep-025/ 

May 2018: https://unchainedpodcast.com/multicoin-on-the-1-thing-crypto-teams-miss-in-their-quests-for-success/ 

Solana 

Twitter: https://twitter.com/solana 

Recent updates: https://solana.com/news/solana-ecosystem-news/ 

Website:  https://solana.com/ 

Recent SOL boom

https://twitter.com/JohnStCapital/status/1427088119870935047

https://www.ar.ca/blog/11-thoughts-during-a-digital-assets-bull-market

https://www.forbes.com/sites/ninabambysheva/2021/08/16/solana-hits-new-all-time-high-above-60/ 

https://twitter.com/KyleSamani/status/1425282669630328841 

Projects

Saber (AMM/DEX) growth

https://twitter.com/Saber_HQ/status/1428062812228759564 

Audius

https://www.coindesk.com/crypto-powered-audius-wins-tiktok-tie-up-for-streaming-music-direct-to-platform

Degenerate Ape Academy

https://www.theblockcrypto.com/post/114703/solana-hits-all-time-high-as-market-watchers-say-institutional-interest-is-growing

https://twitter.com/Pentosh1/status/1427034066784763904 

https://twitter.com/samecwilliams/status/1426828830552084482 

Mango Markets

https://www.coindesk.com/solanas-mango-markets-dex-raises-70m-in-mngo-token-sale

Wormhole

https://www.coindesk.com/solana-launches-cross-chain-wormhole-for-shuttling-assets-from-ethereum-bsc 

Multicoin’s Solana material

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

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

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

Solana overview

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

https://research.thetie.io/solana-ecosystem/

https://research.binance.com/en/projects/solana

https://medium.com/coinmonks/solana-more-update-for-sol-becb65024877

https://genesisblockhk.com/what-is-solana/

Block explorers

https://explorer.solana.com/

https://solanabeach.io/

https://solanaproject.com/ 

Submitted questions from Unchained listeners

https://twitter.com/Unchained_pod/status/1428136429805264898 

Learn more about your ad choices. Visit megaphone.fm/adchoices