Anatoly Yakovenko on Solanas Astounding Recovery and Its Future Plans - Ep. 578

Published: Dec. 5, 2023, noon

b"Unchained is running its annual survey to better serve you.\\nPlease answer our annual survey here.\\nSolana\\u2019s native token SOL has been one of the best-performing cryptos of the year, up more than 500% so far, but you wouldn\\u2019t have guessed that would be the case given how closely tied the blockchain was to FTX, which held huge amounts of SOL and was a big supporter of the platform. The blockchain also experienced numerous outages in 2022. But Anatoly Yakovenko, Solana\\u2019s co-founder, says the discipline imposed by FTX\\u2019s collapse, as well as improvements to the technology, have made Solana stronger.\\xa0\\n\\nOn this episode of Unchained, Yakovenko talks about the impact of FTX\\u2019s collapse, his early impressions of Sam Bankman-Fried, the SEC\\u2019s designation of SOL as a security, how entrepreneurs are leaving the U.S. because of the regulatory risk, SOL\\u2019s share of the stablecoin market, and why he thinks it\\u2019s inevitable that finance will eventually run on something like Solana.\\xa0\\n\\nListen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.\\nShow highlights:\\n\\nHow the Solana ecosystem weathered the FTX crisis\\n\\nHow FTX\\u2019s collapse was like ripping off a band-aid for Solana\\n\\nAnatoly's initial impression of SBF as a \\u201csuper genius\\u201d\\n\\nWhy, despite SOL's strong 2023 performance, the Solana ecosystem hasn't experienced a corresponding growth in active developers\\n\\nWhat factors Anatoly believes contribute to the relatively low number of daily active wallet addresses in Solana\\n\\nHow Solana addressed and rectified the outage issues that were so frequent in previous years\\n\\nWhy Anatoly draws a parallel between Ethereum and Windows 95, and Solana and Windows 2000\\n\\nWhy he's not worried about Jump Crypto building a client for the blockchain\\n\\nThe ongoing debate within Solana on open-source versus closed-source culture, and the potential for future shifts\\n\\nHow the Solana Foundation is handling the SEC's classification of SOL as a security\\n\\nWhether there's a trend of developers and founders relocating from the United States in search of a more supportive ecosystem\\n\\nWhy Solana holds a low market share of stablecoins across various blockchains, and the implications of this trend\\n\\nWhy Anatoly considers trading volume a more critical metric than Total Value Locked (TVL) in assessing blockchain success\\n\\nHow Web3 gaming has been flourishing on Solana\\n\\nWhy Anatoly is confident that DeFi will find its rightful place on the Solana network\\n\\nThe future plans for the Saga phone after its market challenges\\n\\nWhat Anatoly thinks is the number one focus for Solana for the near term\\n\\n\\nThank you to our sponsors!\\n\\nLayerZero\\n\\nPopcorn Network\\n\\nArbitrum Foundation\\n\\nGuest:\\n\\n\\nAnatoly Yakovenko, Co-founder of Solana Labs\\n\\nPrevious appearance on Unchained: Will Solana Be the Execution Layer and Ethereum the Settlement Layer?\\n\\n\\nPrevious appearance on Unchained: Can Solana Seize Marketshare From Ethereum With Serum?\\n\\n\\nPrevious appearance on The Chopping Block: Anatoly Yakovenko on Why Solana Is Building the SAGA\\n\\n\\nLinks\\n\\nUnchained: Solana Saga review\\xa0\\n\\nDecrypt: Mad Lads NFTs Hit All-Time High as Backpack Taps FTX Lawyer for Exchange Launch\\xa0\\n\\n\\nOp-ed by Anatoly on Fortune: Solana co-founder: 'To keep the next great American founder in America, Congress must regulate crypto. But first lawmakers should learn how it works'\\n\\n\\n\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"