Multicoin Co-founder: Solana's Long-Held "Decentralized Nasdaq" Goal Will Lead to Market Cap Surpassing Ethereum

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September 19, 2024
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Multicoin Capital Co-Founder Believes Solana Will Surpass Ethereum

At the TOKEN2049 conference, Multicoin Capital co-founder and managing partner Kyle Samani participated in a roundtable discussion titled "Why SOL Will Flip ETH." During his speech, he stated:

Solana was designed from the outset to ensure 24/7 fair, open, and traditional market data access – essentially building a decentralized version of Nasdaq. Of course, their system still needs optimization to broadcast this information to anyone with a computer and internet, receiving real-time market data.

Building this "decentralized Nasdaq" was more challenging than any of us imagined. Solana has faced numerous public setbacks, with the network crashing approximately 10 times since its inception. There have also been congestion issues and various other unexpected occurrences.

It wasn't until May of this year that Solana could confidently claim to have achieved its initial vision. We've focused on this for six years and fought hard, and that's why we believe Solana will surpass Ethereum.

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