1/ I left @SolanaFndn to launch @colosseumorg!
It’s been an honor working with the most talented team in crypto for the past 3 years. I can’t thank @rajgokal & @toly enough for the opportunity.
However, I couldn’t pass up starting Colosseum w/ @crabbylions & @n8levine🧵
There'll be one global backbone - Ethereum
Ethereum is the backbone of the new global financial system of L2s and L1 apps. No other chain will come close.
Mert suggested that Sol can pivot to being the backbone. But Solana will never be the backbone. Here's 5 reasons why.
Four
There are many well-written responses to Brian explaining why @solana is crypto’s best payments network.
But @coinbase ignores us because we aren’t using modern communication techniques.
Our new strategy:
Solana so fast, yum parallelization, pop pop pop, low fees, gang gang
The next step for crypto is to make payments instant and free globally.
This will take lots of work from all of us, Coinbase included, getting layer 2's integrated, better on-ramps, simpler UX/onboarding, etc.
A magic threshold would be getting the average payment under 1 cent
ETHglobal hackathons vs. Solana hackathons
@solana
- 6 events over 1.5 years
- 47,000 participants
- 3,000 projects launched
- $500+ million in funding raised
@ETHGlobal
- 42 events over 5 years
- 50,000 participants
- 3,500 projects launched
- $250+ million in funding raised
For the first time, $350+ million in 24h trade volume flowed through @projectserum over the weekend. All of this coming from 60+ @solana DeFi app plugged into the onchain order book.
Shoutout to the Serum team, just the beginning! 📈
via @Vybe_Network at projectserum.vybenetwork.com/#/