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Complexity of Ethereum Driving Solana To Find Product Market Fit, According to Anatoly Yakovenko

June 05, 2024

Ethereum’s (ETH) complexity brings Solana’s (SOL) mission into focus, according to Anatoly Yakovenko.

The Solana co-founder says in a new interview on Bankless that his mission is simply building a hyperfast chain.

[1:49:29] “Yeah, network effects, TVL (total value locked), all these things could matter, but it’s not hard. It’s not something that I can bet my work on, that I would want to bet my career on. I want to build stuff that I know is going to work.

So from my perspective, the more L2s (layer-2s) and networks and different environments there are for digital assets the better, because the more of that stuff that exists, the easier it is for a price discovery engine that runs as fast as the speed of light allows to actually find product market fit. There’s just more stuff to do price discovery on.

So, please, go build as many L2s as you can. Build as many ultrasound monies as you can. Go forth. We’re going to build a chain that runs as fast as physics allows given the hardware gods and where they go.”

SOL is trading at $173.10 at time of writing. The 5th-ranked crypto asset by market cap is up more than 4% in the past 24 hours.

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