Episode Details

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