Solana

“And that greed element of blockchain, which is exactly what the Bitcoin thing is all about, in my opinion, is about greed, bringing down the, in the whole blockchain thing. While Solana and Ethereum, they're looking like they have a long-term potential.”

“The founders of Solana when it used to be called Loom Protocol, believe it or not, we're actually in this office here that you're sitting in today. I think the first round might have been at I don't know, the high single digit post money, maybe low double digi…”

“So today the GeoNet network is taking, of that eleven million in revenue, roughly excuse me, 80% of it is being used to make open market purchases of Geo tokens. And this is all visible on the Solana blockchain. They have all the addresses are published and st…”

“There's really only five crypto assets that I've spent more than a thousand hours on. Bitcoin, Ethereum, Solana, USDC, Zcash.”

“We were the first investors in Solana.”

“If during the exact same moment, two transactions are authorized at the exact same time on the same card from the same balance, then both would, in theory, be approved.”

“Solana is a great blockchain for a lot of use cases, but it's still not great for payments.”

“And like Ethereum, wild value creation, like of all the blockchains, minimal value capture. Whereas there are a bunch of others where, you know, like Solana is probably perfect, you know, value creation, value capture.”

“Modern blockchains like Solana can actually process now more than a billion transactions in a day at an average cost of less than a penny per transaction.”

“There are today tens of thousands of streamers all over the world streaming content and trading with their fans and their audience members, and this is happening every day on Solana.”

“And the thing that has shifted over the last few years is that those costs have come massively down. And whether that's with base or Solana, we actually have this scaling that's happening where now you can build those applications and instead of it costing fiv…”

“When I had my kind of eureka moment and I did the back of the envelope calculation for design, I'm like, oh, this is a thousand times faster than ETH.”

“Ethereum being world settlement layer, Solana is the world's execution layer.”

“Execution is where all the money's made, so I think we're on the right track, and a fast execution engine can also do settlement.”

“If we succeed, if the protocol is awesome and globally synchronous and super fast, Nasdaq would make more money by just running a Solana node and integrating with it more directly.”

“We're never going to build an exchange that is onboarding U.S. Institutionals and serving U.S. Customers. We want NASDAQ to do that and to run it on Solana, and that would be great.”

“We raised a seed in A-Round. It was about fourteen million bucks, which is amazing. It was, you know, like, outright crazy success for a new, a first-time founder. I had to spend two million of that on lawyer fees. Which is a more than 10% of my runway to figu…”

“I got an angel check into Rippling. I got a first dollar check into Solana, four cents a token. I got a seed check into Clay. I got a seed check into Cherry, a seed check into Newfront, a bunch of crypto companies. I got into the management company round of a …”

“Within the first 47 companies that I'd funded two of them, you know, Ripple and Solana, have coin market caps of north of a hundred billion dollars today. Rippling is, is approaching a twenty billion dollar market cap, and everything else I mentioned is, you k…”

“At this point, most, but I think Ethereum has probably the most valuable ones, but by sheer number of launches per day, I think it's like, was peak over a 100,000 per day. I think it may be like 20 to 50,000 right now.”

“It costs like 20 cents to like create a meme coin because it is just sending a message, right?”

“Seeker, the device, we got 150,000 pre-orders and it's shipping August.”

“I think there is just a set of users that are kind of heavy users, and that might be a limited, that's not going to be eight billion people. I don't know how big that set is, but it could be like A hundred million. Right now, that sounds like a small fraction …”

“If you wanted to build something like the Nasdaq exchange on chain, there's no way you're doing that on Ethereum one. You probably need a blockchain that has the kind of the level of performance that a Solana or a Sui or some of the other kind of More modern o…”

“We have companies like Zapier using Vercel to host their MCP servers, and companies that are, like, doing significant volume, by the way, which actually kind of surprised me. Solana, for example.”

“So you can now send an arbitrary amount of money anywhere in the world for under one penny in 1:02.”

“The point is not for like decentralization and kind of this new architecture of blockchains for its own sake. The point is they have specific benefits. So like, why, why would one build on a blockchain like Ethereum or Solana as opposed to a traditional, You k…”

“So you can now send an arbitrary amount of money anywhere in the world for under one penny in 1:02.”

“It was almost a 2000 X if you held it a lot more. Right. Cause we did distribute it.”

“One of the loops we had was, you know, you would log in with Twitter, you claim your bags link, and then you share it. And then if people join from your link, we would mark those people as like one of your invites. And then we had like a leaderboard of all the…”

“It's exactly to a message that if, like, Roger Anatoly, both of whom are great, had, like, gotten up, or one of the leaders and said, this is what I believe, I authentically believe this, I stand behind it actually would have been basically fine.”

“The premise that like investing in crypto that like investing in meme coins, which is the primary use of Solana is somewhere along the land space travel in the same conversations. Like we built the railroads, we landed on the moon and we trade coins on Solana.…”

“Cardona ripped 70%. XRP 32%. Solana 25%.”

“And I think it's like some point in five years, a lot of finance is going to run on Solana on ETH maybe on sweet or, you know, like a lot of, I think it's inevitable that, that more and more. Finance will move over to crypto stable coins and having Stripe behi…”

“I think realistic targets for this cycle, Bitcoin, a hundred and 150 K Ethereum, probably 10 K plus Solana could go to six, 700.”

“Solana has become the place where almost all the energy is around us and specifically there are apps like something called pump.fun”

“I think you and I and all of us here on this pod have always thought, you know, that Solana is the superior technology. It's the most scalable. We were seed investors.”

“The Trump coin, which was built on Solana was, you know, doing forty billion in transactions.”

“The medium is the message and Ethereum is slow and expensive. Right. And so if you think about like the NFT thing was primarily ETH and ETH derivative based, right? It's slow and expensive. So like you had a different set of behaviors. Solana is fast and effic…”

“And so the founder, who's very talented product guy decided to launch a meme coin last week on on pump.fun, which builds meme coins on top of Solana. And, you know, in a day's time, it went from zero to, let's see, it ended the day somewhere in the two hundred…”

“The 400,000 bucks we put into Solana, I think is right now worth 2.2 billion, right? Like, you know, and like, we distributed well, but not that well, right?”

“As a believer in Solana from the beginning as well, like, it's amazing to see Solana performing at the level that it's performing, right? Like, this might not be the use case that everybody loves, but the sheer scale and volume of what happened over the weeken…”

“I think Raj said they traded 10% of the volume of the NASDAQ.”

“So when I think about the way venture capital has thought about crypto, most of the really smartest people I know have been focused on Ethereum and Solana.”

“You know, I'm very sure the Ethereum world. I'm very long. Dave Morin: Solana. Sam Lessin: It's a personal book.”

“I'd say Solana ETF, which will be great.”

“So Ethereum financial markets and infrastructure will be built on Ethereum. Maybe parts of it will be built on Solana too. I'm not sure.”

“And I think is probably the most important cryptocurrency outside of Bitcoin. I'm a short on ETH long on Solana”

“We invested in the Solana Series A. So that's kind of similar. No one cared.”

“If you had left your Solana at FTX, you're gonna get 16 dollars per token back, and that apparently was the price at the time that they went under.”

“The point is that he's selling tokens at current prices, call it one 88, and then using that to pay off depositors at 16 dollars. So the only reason the depositors have been quote unquote made whole is because they're getting the benefit of this run up, but th…”

“He made a seed investment in Anthropik that's worth billions now. He made a seed investment in Solana that I think is worth billions now, especially now that Solana has recovered.”

“I think Solana is going to go up a lot. It's going to go up a lot more than Bitcoin. I think it's going to go up a lot more than Ethereum in this specific bull market. Cause it's a smaller market cap. There's a lot of energy and excitement around it and all th…”

“Instead, what I did is I bought a little bit of Solana at 48 dollars. It started to go up a little bit more. And usually when that happens, people are like, oh, cool. I was right. Instead, I doubled the bet at 55. Like the position is going in your favor. And …”

“That increased our engagement on a lot of these tools by like, I think it was like 77%.”

“I think it's actually a store of value, but there's other assets, and I think the way to think about this is that the world is going to be tokenized, so we have more than 200 assets on our platform whether that's ETH or Solana or others, and It could be an NFT…”

“Solana is a credible threat to Ethereum and people, they don't like it when they think that they're, you know, their investments they hold have faced a credible threat.”

“Ethereum is very focused on public goods funding, Very focused on kind of general welfare. And Solana is like very directly capitalist in kind of the more traditional sense of the word.”

“It began the year at about nine dollars a token. It's now at 92 as of this moment. Obviously it's very volatile, but it's up roughly 10 X this year to date.”

“I think Solana flips Ethereum.”