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
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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