#21 - Solana
Episode publishedPodcast: The Network State PodcastThe Network State Podcast
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Alright. So I'm here with my friend Akshay, who is a very senior person at the Solana Foundation. As you guys may know, Solana over the last year or so has sort of risen to become arguably the number three coin in the world from essentially a standing start launched in 2020 in the depths of COVID. Basically, right as COVID was getting locked down, it was starting. Thank
you for having me, Balaji. Yes. You know, it's funny that during the March is when actually the main net, March 2020 crash is when the main net launched in the back of people basically saying you should wait wait it out for markets to be get better and things like this. But, yeah, it it's been quite a while ride since then. Hey, Lily. What's
up, guys? Hey.
Hey, Lily. So we're with the network school audience. She's a hardened veteran of both The US and Chinese now European tech scenes and very senior at, Solana. Last year, I think you flipped Ethereum indexes and you're number one indexes. Yeah.
That's right. Depending on what like, if you're looking at dex volume, that's right. That's
right. And I think, on the order of 7,500 developers in 2024, which is actually more than Ethereum. So new devs are going into Solana rather than Ethereum. You had the Visa deal, PayPal deal, Google Cloud deal, a few other deals I think of as fairly significant. Token extensions are a big thing, right, where you went from just normal send and receive to confidential transfers and, like, triggers and hooks that you could run on token sends, if I'm not mistaken. Then there was, the FireDancer thing. So you basically rebuilt the validator so you could blast through more transactions per second. N
Yeah. I think that captures, quite a lot of what hap what is happening on chain. Essentially, it's like a high performance engine for you to build, anything from consumer apps to, you know, trading, applications to, as you said, some of some of these more bespoke, decentralized physical infrastructure networks. We can talk about that if you like. But, basically, it's the ability to use crypto incentives to bootstrap physical infrastructure or, you know, these sort of networks, if you will. I think the using crypto incentives to bootstrap sort of physical infrastructure or marketplaces are an a
So this is basically this is a dream. You were early Uber, and one of the dreams was riders and drivers could get a share of the network, and that would help bootstrap it. And that was, like, the dream ten years ago, and now it's starting to come closer to reality. That's
exactly right. Yes. Apology.
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