Solana (SOL) typified the explosive growth of crypto and blockchain in 2021. A new blockchain protocol with a novel and ingenious design, Solana was able to attract thousands of developers and millions of users to an application ecosystem that started with DeFi but diversified into NFTs, Gamefi and beyond. At its peak, Solana was worth $90 billion USD. And while crypto prices have cooled, the thesis for Web3 remains intact and the future of Web3 on Solana looks bright.
On this week’s episode, Anatoly explains how Solana’s birth in the bear market of 2018-2019 helps explain its success today. He talks about how a relentless focus on developers has set the protocol up for success. He also tells us how despite the dip in prices, developer activity has been higher recently than during the bull market. Finally we talk about how Solana’s smart phone might be the key to unlocking a crypto-native app store and bringing hundreds of millions of people into Web3.
This episode ended up running 45 minutes and we could have gone much longer. Strongly encourage you to check it out!