Unconfirmed: SOL Is Up 3,800% YTD. Could It Eventually Displace Ethereum? - Ep.265

Unchained

Laura Shin

News, Tech News, Business News

4.6 • 1.3K Ratings

🗓️ 20 August 2021

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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! Sorare: https://sorare.com Polymarket: https://polymarket.co/unconfirmed Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2021 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 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Hi everyone, welcome to Unconfirmed. The show that reveals how the marquee names in
0:07.9	crypto are reacting to the week's top headlines and gets the insight scoop on what they
0:11.5	say on the horizon. I'm your host, Laura Shin, a journalist with over two decades of
0:15.6	experience. I started covering crypto six years ago, and as a senior editor at Forbes,
0:20.6	was the first mainstream media reporter to cover cryptocurrency full-time. This is the
0:24.6	August 20th, 2021 episode of Unconfirmed. The Unchain newsletter has switched from a weekly
0:30.3	news recap to a daily email. Each morning you'll get four to five quick headlines, a crypto
0:34.7	meme or two, and a few recommended reads. Add to UnchainPodcast.com and the sign up for the newsletter
0:39.6	is right on the homepage. The Crypto.com app pays you up to 8.5% interest on your Bitcoin.
0:46.6	Get $25 when you download the Crypto.com app with code Laura. The link is in the description.
0:52.9	Looking for NFTs that are useful and fun? Try Soware, the largest NFT-based fantasy game.
0:59.9	You can collect, trade, and compete with officially licensed digital cards of soccer players
1:04.6	from over 160 clubs on Soware. That's s-o-r-a-r-e.com.
1:11.3	Polymarket is the leading information markets platform where you can trade on the most hotly
1:15.6	debated topics, whether it's politics, coronavirus, current events, and more, all on the blockchain.
1:22.0	For a limited time, sign up with referral code Unconfirmed to get your first trade reimbursed
1:27.4	up to $100. Today's guest is Kyle Samani, Managing Partner at Multicoin Capital.
1:34.1	Welcome, Kyle. Hey Laura, good to be back on the show.
1:37.5	Nice to have you. So Salana has been on quite a tear this past week. It's now ranked 10th
1:43.7	by market cap and the price of the token is up to about $70 at the time of recording.
1:48.6	And that's up from $1.50 at the start of the year, up from $23 a month ago, and up from $43
1:55.1	a week ago. So what happened? Yeah, I think this has been kind of a culmination of a lot of
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Laura Shin, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Laura Shin and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.