Kyle Samani, founder of Multicoin Capital, released a new paper on Solana yesterday, which mentioned the impact of Solana's technological innovation on traditional capital markets, including payments, finance and other related advantages and improvements. In addition, while Ethereum continues to be feared, uncertainty and doubted by the community, can Solana's contrarian rise shake the status of Ethereumleading's public chain? (Synopsis: Ethereum Split Crisis? The second foundation community is popular, VanEck: It's not only EF that can write the future of ETH) (Background added: Multicoin Founder: Ethereum brought me into the circle 8 years ago, but the foundation's rotten attitude has made users lose confidence ) Kyle Samani, founder of venture capital firm Multicoin Capital, released a new paper about Solana yesterday (22) "Solana Papers: Network Capital Markets", The content mentions the impact of Solana's technological innovation on the capital market, and is optimistic about Solana's potential to become an online capital market in the future. Solana will surpass TradFi veteran player Kyle Samani talks about Solana's leadership in the capital market block chain in the article, and predicts that Solana technology will demonstrate performance that will surpass that of veteran players in the TradFi market (e.g., CME, NYSE, VISA... ）。 He believes that Solana will eventually achieve two goals: will drop 90-99% of the financial service fees offered to end users to obtain more total market caps than TradFi's existing enterprises. The article points out that financial services in a broad sense are summarized in "payments" and "finance", and Solana has performed well in both aspects. When it comes to payments, Solana simplifies complex transactions and costs much less than traditional payments (payment apps, credit cards). In terms of finance, Solana currently completes a financial transaction in about 400 milliseconds, and is expected to progress to 120 milliseconds in the future (human blink time is about 100~150 milliseconds). But the Decentralization exchange on Solana (e.g., Orca, Raydium) is nowhere near as certain as the CeFi exchange. However, for the disadvantages of the above "transaction certainty", Kyle Samani also gives the following 2 technologies to help users get a better trading experience: Pending Order - Narrow the spread through Conditional Liquidity The article pointed out that the Decentralized Finance project DFlow recently launched a new feature in Solana - Conditional Liquidity (CL). This innovation, which allows Liquidity to be adopted only when a predetermined condition is met for an order-taking order, has the core purpose of differentiating between "toxic" and "non-toxic" trade flows, helping market makers narrow spreads and drop risk. Therefore, CL can effectively exclude robot involvement, which provides a great advantage for market makers, almost eliminating the possibility of expired quotes being Arbitrage. Also because CL can handle such difficult problems, Kyle Samani gives it a pretty high rating: CL is one of the most important advancements in Decentralization Finance since Uniswap introduced AMM. We expect that with the widespread adoption of CL, it will become the new standard for Decentralized Finance Liquidity quoting, revolutionizing the discussion of user experience (UX), spreads, and MEV. Receiving Orders: Mining Excess Returns through Lower Latency On the other hand, Solana is moving towards a Multiple Concurrent Leaders (MCL) model, where MCLs allow dozens of leaders to work together on transactions at any given time. This architecture allows geographically dispersed participants to more quickly incorporate observed information into asset prices, decentralizing price discovery, and further dropping transaction latency, putting buyers and sellers at a fairer starting line. Expansion of the Solana Total Available Market (TAM) Then, the article mentioned that most of the world's major exchanges (e.g., CME, NYSE, etc.) usually focus on trading a certain class of assets. However, the Block chain can be traded in many fields, such as currencies, commodities, stocks, debt, etc., which gives the Block chain greater potential. In this regard, the article points out that Solana's total available market (TAM) will grow rapidly in 3 dimensions: Maturity of the Decentralized Finance protocol: create more MEV opportunities as new functions and features are added to the protocol; Construction of new financial markets: entrepreneurs are creating new markets based on on-chains, such as computing resource markets, telecommunications markets, energy markets, and BECMs (Block Chain Native Commodity Markets); More assets on-chainissuance: including memecoins, U.S. stocks, etc. The Total Addressable Market (TAM) is a core measure of market potential, indicating the maximum market size that a product or service can cover under ideal conditions Kyle Samani was an Ethereum believer In fact, just a few days ago, Kyle Samani posted that in 2016 It was through Ethereum that he entered the crypto world, attracted by its vision of permissionless finance and smart contracts, and Ethereum was his first meaningful source of wealth. In 2017, the Ethereum Market Cap was 100x big pump in one year, setting a record for the fastest $100 billion Market Cap in history. But Samani laments that Ethereum, once the king of the world, has been slow to improve in the face of the scaling problem. He recalls that at Devcon 3 in November 2017, he was disappointed that Vitalik Buterin's keynote address didn't mention scaling options at all: The talk didn't even try to solve the scaling problem. After listening to the speech, I was very disappointed. I can't understand how the Ethereum Foundation could be so completely ignorant. How can they ignore what's happening around them and come up with a credible plan with a concrete and positive timeline? This is your annual developer conference, this is the venue dedicated to sharing the project, this chain has a $100 billion Market Cap, all thanks to this project, how can you not even try to solve this obvious problem? Kyle Samani points out that Devcon 3 was the moment he lost faith in Ethereum, and seven years later, the Ethereum Foundation still suffers from a disconnect between leadership and user needs and a lack of clarity on where to go. Will Ethereum be replaced by Solana? Not only that, even leading projects and developers in the ecosystem are gradually disappointed with Ethereum, according to previous reports in the region, Ethereum core developer and EIP 1559 co-author Eric Conner tweeted on the 21st to announce that he would withdraw from the Ethereum community. In addition, perhaps unable to bear to see the Ethereum ecosystem dragged down by the Ethereum Foundation, Lido co-founder Konstantin Lomashuk also supported the creation of a foundation called the Second Foundation.
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Step on Ethereum and hold Solana! Multicoin founder: SOL is the winner of the capital market blockchain.
Kyle Samani, founder of Multicoin Capital, released a new paper on Solana yesterday, which mentioned the impact of Solana's technological innovation on traditional capital markets, including payments, finance and other related advantages and improvements. In addition, while Ethereum continues to be feared, uncertainty and doubted by the community, can Solana's contrarian rise shake the status of Ethereumleading's public chain? (Synopsis: Ethereum Split Crisis? The second foundation community is popular, VanEck: It's not only EF that can write the future of ETH) (Background added: Multicoin Founder: Ethereum brought me into the circle 8 years ago, but the foundation's rotten attitude has made users lose confidence ) Kyle Samani, founder of venture capital firm Multicoin Capital, released a new paper about Solana yesterday (22) "Solana Papers: Network Capital Markets", The content mentions the impact of Solana's technological innovation on the capital market, and is optimistic about Solana's potential to become an online capital market in the future. Solana will surpass TradFi veteran player Kyle Samani talks about Solana's leadership in the capital market block chain in the article, and predicts that Solana technology will demonstrate performance that will surpass that of veteran players in the TradFi market (e.g., CME, NYSE, VISA... ）。 He believes that Solana will eventually achieve two goals: will drop 90-99% of the financial service fees offered to end users to obtain more total market caps than TradFi's existing enterprises. The article points out that financial services in a broad sense are summarized in "payments" and "finance", and Solana has performed well in both aspects. When it comes to payments, Solana simplifies complex transactions and costs much less than traditional payments (payment apps, credit cards). In terms of finance, Solana currently completes a financial transaction in about 400 milliseconds, and is expected to progress to 120 milliseconds in the future (human blink time is about 100~150 milliseconds). But the Decentralization exchange on Solana (e.g., Orca, Raydium) is nowhere near as certain as the CeFi exchange. However, for the disadvantages of the above "transaction certainty", Kyle Samani also gives the following 2 technologies to help users get a better trading experience: Pending Order - Narrow the spread through Conditional Liquidity The article pointed out that the Decentralized Finance project DFlow recently launched a new feature in Solana - Conditional Liquidity (CL). This innovation, which allows Liquidity to be adopted only when a predetermined condition is met for an order-taking order, has the core purpose of differentiating between "toxic" and "non-toxic" trade flows, helping market makers narrow spreads and drop risk. Therefore, CL can effectively exclude robot involvement, which provides a great advantage for market makers, almost eliminating the possibility of expired quotes being Arbitrage. Also because CL can handle such difficult problems, Kyle Samani gives it a pretty high rating: CL is one of the most important advancements in Decentralization Finance since Uniswap introduced AMM. We expect that with the widespread adoption of CL, it will become the new standard for Decentralized Finance Liquidity quoting, revolutionizing the discussion of user experience (UX), spreads, and MEV. Receiving Orders: Mining Excess Returns through Lower Latency On the other hand, Solana is moving towards a Multiple Concurrent Leaders (MCL) model, where MCLs allow dozens of leaders to work together on transactions at any given time. This architecture allows geographically dispersed participants to more quickly incorporate observed information into asset prices, decentralizing price discovery, and further dropping transaction latency, putting buyers and sellers at a fairer starting line. Expansion of the Solana Total Available Market (TAM) Then, the article mentioned that most of the world's major exchanges (e.g., CME, NYSE, etc.) usually focus on trading a certain class of assets. However, the Block chain can be traded in many fields, such as currencies, commodities, stocks, debt, etc., which gives the Block chain greater potential. In this regard, the article points out that Solana's total available market (TAM) will grow rapidly in 3 dimensions: Maturity of the Decentralized Finance protocol: create more MEV opportunities as new functions and features are added to the protocol; Construction of new financial markets: entrepreneurs are creating new markets based on on-chains, such as computing resource markets, telecommunications markets, energy markets, and BECMs (Block Chain Native Commodity Markets); More assets on-chainissuance: including memecoins, U.S. stocks, etc. The Total Addressable Market (TAM) is a core measure of market potential, indicating the maximum market size that a product or service can cover under ideal conditions Kyle Samani was an Ethereum believer In fact, just a few days ago, Kyle Samani posted that in 2016 It was through Ethereum that he entered the crypto world, attracted by its vision of permissionless finance and smart contracts, and Ethereum was his first meaningful source of wealth. In 2017, the Ethereum Market Cap was 100x big pump in one year, setting a record for the fastest $100 billion Market Cap in history. But Samani laments that Ethereum, once the king of the world, has been slow to improve in the face of the scaling problem. He recalls that at Devcon 3 in November 2017, he was disappointed that Vitalik Buterin's keynote address didn't mention scaling options at all: The talk didn't even try to solve the scaling problem. After listening to the speech, I was very disappointed. I can't understand how the Ethereum Foundation could be so completely ignorant. How can they ignore what's happening around them and come up with a credible plan with a concrete and positive timeline? This is your annual developer conference, this is the venue dedicated to sharing the project, this chain has a $100 billion Market Cap, all thanks to this project, how can you not even try to solve this obvious problem? Kyle Samani points out that Devcon 3 was the moment he lost faith in Ethereum, and seven years later, the Ethereum Foundation still suffers from a disconnect between leadership and user needs and a lack of clarity on where to go. Will Ethereum be replaced by Solana? Not only that, even leading projects and developers in the ecosystem are gradually disappointed with Ethereum, according to previous reports in the region, Ethereum core developer and EIP 1559 co-author Eric Conner tweeted on the 21st to announce that he would withdraw from the Ethereum community. In addition, perhaps unable to bear to see the Ethereum ecosystem dragged down by the Ethereum Foundation, Lido co-founder Konstantin Lomashuk also supported the creation of a foundation called the Second Foundation.