Solana vs. EVM application ecosystem, advantages & and weaknesses:
Today, Solana remains the best place to build apps that revolve around long-tail asset volatility and it has the most sophisticated builders when it comes to building such products as many of the builders cut their teeth in the trenches themselves via direct hand-to-hand combat. There is no doubt about this.
That said, outside of long-tail asset volatility as a design space, the consumer application founders building in the EVM ecosystem, spanning social, creator, gaming, art, identity, and predictions, are IMO years ahead in their level of understanding, sophistication, and ability to take on-chain products to a broader audience beyond crypto.
EVM builders have one major advantage on their side, and it's that they've collectively failed way more and earned hard-earned insight on how to win and execute. Trial by fire. Massive global-level PMF at scale, only to have that disappear, and to pivot and fight for relevance once again. The Solana ecosystem massively underestimates this strength.
On the other hand, the SVM application ecosystem remains unburdened by failure at scale and is equipped with a fresh perspective, which is needed to run through the invisible assumptions that have been formed around what works and what doesn't.
Despite the hype around robotics x crypto, there’s still very little substance here outside of @reborn_agi which is still the only crypto robotics play with real revenue generating commercial contracts with leading robotics companies such as @GalbotRobotics @UnitreeRobotics
Despite the hype around robotics x crypto, here’s still very little substance here outside of @reborn_agi which is still the only crypto robotics play with real revenue generating commercial contracts with leading robotics companies such as @GalbotRobotics @UnitreeRobotics
Many token holders are about to be straight up bonnie blued with the incoming wave of crypto VCs that will push for equity value accrual over live tokens.
Those with major DeFi bags love to claim that crypto can succeed without anything else working but it’s more telling of their incentive to believe in such an outcome rather than anything
loosely coordinated online communities with shared values, economic activity, cultural identity, and even enforcement norms.
operating in a borderless manner, more meaningfully culturally than traditional geographic nation states in terms of cohesion, influence, and allegiance.
Bitcoin's dominance over the last few years has created a whole new wave of new age BTC maxis that push the narrative that alts are dead and that tokens are mostly scams.
Once you understand the incentives underpinning a beliefs system, only then do you see it for what it is.
There needs to be regulatory frameworks around disclosures for pre-TGE tokens that disclose verifiable initial supply dynamics, any prior insider OTC deals and vetting of market maker agreements.
It's a rather simple fix to solve the information asymmetry.
One major weakness I've noticed with consumer app founders in Solana is a general sense of narrow mindedness and arrogance when it comes to learning from the mistakes of other projects outside of Solana.