kenny 🎩
@kenny
ETH was, rightly or wrongly, building for an idealized future where the majority of onchain activity was less speculative (and therefore less dependent on robust centralized liquidity) meanwhile, I don't think Solana was building to keep liquidity in one spot to incentivize memecoins it's just a happy accident of them having a simple north star (make single chain go fast) vs ETH's idealized buildoor vision tweaking the roadmap for use cases that aren't proven yet
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Juli 🎩↑
@juli
Basically every l1 had the job to get at least to the alpha state of DeFi from 2020 on one synchronous shard. During the short bear market 2022/23 there was really not many l1s/l2s aside Ethereum mainnet (still expensive) and Solana that offered this (sol + eco made a better crypto VC/native trade with less liquidity). Near & avax didn’t care about users. Other chains like Polkadot tried to solve eth scaling issues and totally forgot about users. Ethereum (imo correctly) focused on bootstrapping more infra & solving some of the issues like high fees. Ethereum achieved enough blockspace across multiple shards with enough liquidity to facilitate all kinds of DeFi & apps depending on it as well as independent apps for the foreseeable future. I’d say Solana did a great job and we’ll see if Solana runs into scaling issues, if their pragmatic job is right, if they can keep the attention, build more valuable stuff, or if the Eth ecosystem will hit back on all fronts with its l1 + l2s (apps, memes..) 🙂
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