# Сопутствующие статьи по теме Solana

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Solana", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Aevo Co-founder's Long Post Criticizes the Industry: I Wasted 8 Years of My Life in Crypto

In a widely circulated article, Aevo co-founder and CTO Ken Chan reflects on his eight years in the crypto industry with deep disillusionment, describing it as a "waste" of his life. Initially drawn by libertarian ideals and the vision of decentralized financial systems like Bitcoin enabling private, borderless wealth, Chan now believes the space has devolved into the "largest casino in human history"—a massive, speculative gambling arena masked as innovation. He argues that despite idealistic rhetoric, the industry's incentives have prioritized speculation over substantive progress. New Layer 1 chains, DEXs, and meme platforms often serve as zero-sum gambling mechanisms rather than tools for genuine financial improvement. Chan admits to profiting from the system but expresses disgust at his role in fostering an ecosystem where high-market-cap tokens with no real users thrive, contradicting sustainable economic principles. He warns that the normalization of financial nihilism and get-rich-quick mentalities poses long-term risks to social mobility and value creation. While he still believes in crypto’s original vision, Chan concludes that the industry has lost its way, and he now prioritizes being "right" over chasing profits.

marsbit10 ч. назад

Aevo Co-founder's Long Post Criticizes the Industry: I Wasted 8 Years of My Life in Crypto

marsbit10 ч. назад

From ETH to SOL: Why Will L1s Ultimately Lose to Bitcoin?

The article "From ETH to SOL: Why L1s Will Ultimately Lose to Bitcoin?" argues that Bitcoin (BTC) is increasingly dominating the "cryptomoney" narrative, leaving little room for other Layer-1 (L1) blockchains to compete for monetary premium. The core of the argument is that approximately 81% of the total crypto market cap is invested in assets viewed as money or potential money, with BTC alone accounting for 55%. While L1s like ETH, XRP, BNB, and SOL represent a significant portion of the remaining value, their valuations are not primarily driven by revenue or real economic activity. Data shows that L1 revenues have been declining annually, yet their price-to-earnings ratios have soared, suggesting their market caps are almost entirely propped up by speculation on future monetary premium, not fundamentals. The performance of L1s against BTC further supports this. Since December 2022, eight of the top ten L1s have underperformed BTC, with six lagging by over 40%. Solana (SOL) was a notable exception, outperforming BTC by 87%. However, this gain is put into perspective by its ecosystem's explosive growth: a ~3,000% increase in DeFi TVL, fees, and DEX volume. This indicates that an L1 must achieve astronomical, orders-of-magnitude growth to merely eke out a modest performance lead over BTC. The conclusion is that the trend of BTC consolidating monetary premium at the expense of L1s is irreversible. The narrative that an L1 could become "money" is losing credibility as investors now have a decade of data showing that L1s consistently underperform BTC unless their ecosystems experience extreme, unsustainable growth. Without genuine economic growth, L1s' monetary premium will continue to erode.

coinvoice9 ч. назад

From ETH to SOL: Why Will L1s Ultimately Lose to Bitcoin?

coinvoice9 ч. назад

Solana's Two Leading Lending Protocols Clash, Foundation Steps In to Mediate

Jupiter Lend and Kamino, the two leading lending protocols on Solana, are embroiled in a public dispute over Jupiter’s “risk isolation” claims. The conflict began when Jupiter promoted its lending product as having isolated risk between pools, but critics—led by Kamino—argue Jupiter’s design actually allows cross-contamination through rehypothecation (reusing collateral across pools). Kamino’s co-founder publicly accused Jupiter of misleading users, prompting community backlash. Jupiter later deleted earlier promotional content and acknowledged the description was inaccurate. The debate centers on differing interpretations of “risk isolation,” with Jupiter defending its model as a balance between safety and capital efficiency. Multicoin Capital, a Kamino investor, escalated the situation by accusing Jupiter of incompetence or intentional deception. In response, the Solana Foundation urged both sides to collaborate rather than compete internally, highlighting the larger opportunity in expanding the DeFi lending market overall. The clash reflects growing tension as Jupiter Lend rapidly gains market share in a shrinking TVL environment, turning former allies into rivals in Solana’s competitive lending landscape.

Odaily星球日报8 ч. назад

Solana's Two Leading Lending Protocols Clash, Foundation Steps In to Mediate

Summary: Over the weekend, a public dispute erupted between Solana's two leading lending protocols, Jupiter Lend and Kamino, centered on the definition of "risk isolation." The conflict began when Kamino's co-founder, Marius Ciubotariu, accused Jupiter Lend of misleading users. He argued that Jupiter's early marketing claimed its lending pools were "risk-isolated," preventing cross-contamination between assets. However, Kamino contends that Jupiter Lend's design, which allows for the rehypothecation (re-use) of collateral across pools, creates a risk of contagion, contradicting its marketing. In response, Jupiter's COO, Kash Dhanda, admitted the initial "zero contagion risk" social media posts were inaccurate and apologized. The debate highlights a core disagreement on the definition of "risk isolation." Jupiter and its supporters argue the term has design flexibility, noting that while pools share a liquidity layer, each has independent parameters. Kamino and its allies insist that any rehypothecation negates true risk isolation. The dispute escalated when Tushar Jain, a partner at Kamino investor Multicoin Capital, strongly criticized Jupiter, accusing the team of being either incompetent or deliberately misleading. In contrast, Solana Foundation President Lily Liu urged for cooperation, emphasizing that the Solana lending market is much smaller than Ethereum's and that internal conflict only helps competitors. The clash is seen as an inevitable result of intense competition. Kamino was long the Solana lending leader, but Jupiter Lend has rapidly gained significant market share. In a tighter market with reduced liquidity and heightened safety concerns, the competition between the two protocols has become increasingly fierce.

marsbit3 ч. назад