Multicoin Capital's Kyle Samani Discusses Solana on Uncommon Core

Kyle Samani recently joined Uncommon Core to discuss why he believes Solana will win out in the long run.

John Tunney
June 12, 2021
Breaking News

Crypto Veteran Analysts & Solana 

On June 7th, Solar Eco Fund released a detailed recap of a podcast where Kyle Samani joined Su Zhu and Hasu on Uncommon Core (UCC), a highly reputable crypto podcast and blog. Su Zhu and Hasu are both highly experienced crypto investors and analysts, while Samani is the co-founder and managing partner at Multicoin Capital. Multicoin Capital is a thesis driven investment firm that invests exclusively in crypto. 


In the conversation between the three experienced crypto enthusiasts, Solana became a running theme throughout. Samani went over what Multicoin Capital is and how much they manage to set the stage for the later discussion. Soon after providing the details on his crypto investment company, the question was asked about whether scaling will occur at layer 1 or layer 2 in the future. Samani responded that he believes layer 1 scaling will win because Solana allows for huge throughput with enough decentralization. Samani also notes layer 2 scaling brings too many problems to the developers and users. 

The conversation continued about Solana, where the question was asked, “is Solana’s supply centralized?” prompting Su Zhu to respond, noting that about half the Solana supply is held by the Solana foundation. With increased utility, more people will use Solana and further decentralization will occur. Zhu also noted this is exactly what happened to Ethereum. 

The conversation wrapped up with Samani putting forward very strong arguments for why Solana’s approach to scalability and UI/UX should win out in the decentralized finance space. SOL currently has a market cap of $11 billion, vs $287 billion for Etherem according to CoinGecko. This is a large gap, but one that could be closed soon according to Samani.

The Solar Eco Fund & Solana 

The Solar Eco Fund, who shared the recap of the podcast, has been all over Solana community news recently. By providing their audience frequent updates, summaries of popular Solana blockchain talks and conversations, the Solar Eco Fund is providing lots of resources for their community to learn more about Solana. 

The Solar Eco Fund invests in Solana and its ecosystem. The fund believes the Solana blockchain is the best at maintaining throughput while also maintaining decentralization. Their portfolio includes some of the most popular platforms on Solana, such as Raydium, Oxygen, and Mercurial Finance.


Concluding Thoughts

The talk between Samani, Zhu and Hasu was a very intriguing one. Solana has been expanding rapidly, with incredible new projects landing on the network almost weekly. Samani provided great reasons as to why Solana could potentially win out the race for scaling solutions. It seems the investing strategy from Samani and large investment firms have now been shifted towards the networks that best provide solutions for developers to build out dApps and projects. For Samani, Solana appears to be that network. 

About Solana

Solana is a web-scale blockchain that provides fast, secure, scalable, decentralized apps and marketplaces. The system currently supports 50,000 transactions per second. The overarching goal of the Solana software is to show that there is a possible set of software algorithms using combinations to create a blockchain. This would allow transaction throughput to scale proportionally with network capability satisfying all properties of a blockchain including scalability, security and decentralization. 

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John Tunney

John Tunney is an accomplished analyst and crypto enthusiast. The UCLA alum has been actively reporting and blogging for 3 years, and has a passion for all things finance.