Will Solana Be the Execution Layer and Ethereum the Settlement Layer?

On Unchained, two co-founders of Solana Labs, Anatoly Yakovenko and Raj Gokal, dive deeply into the Solana ecosystem, discussing everything from the price of SOL to the Solana network outage to the competition between Ethereum and Solana. Show highlights:

  • why Raj thinks SOL’s market cap grew from $86 million to $68 billion in less than a year
  • Anatoly’s and Raj’s background and how they found themselves working together to build Solana
  • why Anatoly thinks Solana will be a general-purpose blockchain rather than specializing in gaming or high frequency trading
  • Anatoly’s goal to make Solana the first billion-user blockchain
  • why Raj thinks NFTs on Solana have been so popular
  • why, in the opinion of Raj and Anatoly, Solana’s purpose has shifted away from high-frequency trading
  • how NFTs could replace ads
  • why “everything is DeFi”
  • how Solana Labs plans to allocate the recent $314 million funding round it raised
  • what lessons Anatoly learned from the 18-hour September network outage
  • technically speaking, what happened to cause Solana’s network outage
  • why Anatoly believes that outages, at this stage, aren’t necessarily a bad thing
  • whether “trading mercenaries” dominated at Solana Breakpoint
  • why developers are interested in building on Solana
  • how Solana and Ethereum compare as execution and settlement layers
  • why Raj doesn’t like framing competition between Solana and Ethereum as a fight
  • how Anatoly views the competition between Ethereum and Solana
  • whether the arrival of Neon Labs, which is bringing EVM to Solana, could lead to developers leaving Ethereum
  • how NFTs and Phantom wallets are bringing in new users for Solana
  • whether Raj and Anatoly would roll back Solana if something like Ethereum’s DAO hack were to occur
  • why Solana has the competitive advantage in throughput, according to Anatoly
  • what would happen if FTX cofounder and CEO Sam Bankman-Fried gave up on Solana
  • their predictions for Solana five years from now

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Episode Links:

Anatoly Yakovenko

Raj Gokal

Solana News

Solana Topics

Solana Basics

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