Solana leads the case of a bull for the crypto, says Samani de Multicoin

Kyle Samani, co-founder and partner director of Multicoin Capital, described her renewed thesis by Solana Bull in an interview with Frank Chaparro. Multicoin, one of Solana’s first donors since her seed round in 2018, doubles her conviction that Solana is the most positioned blockchain for the power of the future of finance and decentralized payments.

Samani clearly indicated that the prospects for multicoin in the cryptography sector had grown considerably over the years. “We have fundamentally recognized that these systems are financial systems, first and foremost,” he declared. “We must focus on investment in things that are fundamentally linked to finance innovations.”

Samani has thought about the broader slowdown in the financing of the company through cryptographic space, indicating a necessary calculation around the usefulness and applicability of the real world. According to Defilma data cited in the interview, venture capital entries have now dropped below the 2017-2018 levels despite increasing regulatory clarity.

Samani attributes this to a market correction far from the deepened and non -viable projects. “People, LPS, have funded crypto risk funds with the implicit involvement that crypto will have a considerable impact on all parts of the economy. And I have a closer vision – I think it will have a very high impact on financial services. Otherwise, I generally don’t care. “

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This recalibration has led multicoin to double on the areas where the adjustment of the product market finally emerges, in particular stablescoins, real assets (RWAS), decentralized physical infrastructure networks (Depoline) and cross -border payment systems. “We now have these areas where there is a final adjustment of the market,” said Samani, highlighting projects such as the Felix Pago payment network in Mexico and growing interest in crypto-native labor markets integrating stablecoin payments.

Solana’s Edge: speed and on-chain order books

Central of the latest Multicoin thesis is the growing awareness that Solana remains unrivaled to provide the speed, flow and structure of the costs necessary to support global financial applications on a large scale.

“If you look at the Core L1 infrastructure, Solana is the fastest horse today,” said Samani. He stressed that after five years since the launch of Mainnet, Solana is now at the forefront of the manufacture of entirely possible, but functionally competitive exchanges with centralized exchanges.

“The latency was not low enough. The chain would fall […] But as the chain has become more stable, as the latency descends, as the flow increases, which is made more usable for command books on the chain, “said Samani. It expects the market to reach a inflection point in the next three to six months, where control books on the chain are” functionally usable for manufacturers and taakers, sufficiently comparable to Binance in Binance and the current binance Jamming. “”

According to Samani, the key to unlocking this potential is “conditional liquidity” – an innovation which, according to him, is now at hand thanks to the maturity of the Solana ecosystem.

Ethereum vs. Solara

Samani attracted vivid contrast Between the singular Optimization of Solana for cases of financial use and the generalized approach of Ethereum. “The central problem of Ethereum is that they are optimized for nothing,” he said. “The definition of attention is to say no to things. And they absolutely refuse to do it.”

While Ethereum continues to scale centered on roll-ups, Samani remains skeptical both on intra and inter-work challenges. “All the rolls we have today are entirely centralized in their operations,” he noted. “Ethereum began maximum decentralization […] And the path to scaling is to centralize and then refocus. It seems weird to me.

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On the other hand, Samani believes that the monolithic architecture of Solana – emphasizing the low latency and high speed – is better suited to the construction of the backbone of the native internet capital markets. “You have to focus on latency, flow and gas cost,” he said. “”Bitcoin And Ethereum since creation was always like: “Oh my God, rarity”. Solana’s point of view has always been: “Let Moore’s law do its thing and execute a billion transactions in parallel”. »»

Regulatory winds change

Samani has also described a notable change in the regulatory environment, referring to the top of the White House cryptography where he was seated alongside the main figures in the industry. “It was really great for me to see that they hired two hours, they were sitting with us, they listened, they took notes and they asked very good questions,” he said.

In the opinion of Samani, this new dialogue with Washington is already catalyzing the changes in capital flows. Multicoin has seen several of its largest LPs – historically in the company only – express their interest in their product of liquid hedge fund. “Three of our greatest LP have all called us since the elections and said:” Hey, we would like to explore your liquid fund “. We feel pretty good that the tides change. »»

Samani has reiterated that, from the point of view of the risk -reversal, liquid markets – in particular the most efficient tokens like Solana and its ecosystem projects – now offer the most convincing opportunities. “My general conviction today is that the easiest money to earn crypto is to buy liquid names which are the winners in their respective fields.”

Five years after supporting Solana in her first days, Multicoin Capital remains unshakable in his conviction. “We have underestimated the difficulty of chain command books,” admitted Samani. “But we have never abandoned, and I think we are close enough now.”

At the time of the press, Sol exchanged $ 140.

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