Anatoly Reflects on Solana In 2023 & 2024

Solana's unique technology, ecosystem of developers, and Local Fee Markets contributed to people staying with the platform despite challenges. The evolution of Solana includes governance and coordination discussions, with a focus on speed and scalability. Jump Crypto's influence raises concerns about unintended consequences and the need for accessibility. Ethereum and Solana's strategies for capturing value and addressing MEV differ, with trade-offs in decentralization and transaction speed. Solana's economic sustainability and the potential for a breakout consumer app are discussed. The differing perspectives of the Ethereum and Solana communities on money in governance are explored. Takeaways • Solana's combination of technology, ecosystem, and Local Fee Markets contributed to user retention. • Solana is evolving towards governance and coordination, with a focus on speed and scalability. • Jump Crypto's influence on Solana raises concerns about accessibility and unintended consequences. • Ethereum and Solana have different strategies for capturing value and addressing MEV, with trade-offs in decentralization and speed. • Solana's economic sustainability is uncertain, and a breakout consumer app is needed. • Ethereum and Solana communities have different perspectives on the role of money in governance. • The relationship between Solana and Ethereum is complex, with challenges and potential implications.