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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!
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Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2021
Episode links
Kyle Samani
Previous Unchained appearances:
Solana
Recent SOL boom
Projects
- Audius
- Degenerate Ape Academy
- Mango Markets
- Wormhole
Multicoin’s Solana material
Solana overview
Block explorers
Submitted questions from Unchained listeners
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