Macro view: valuation reset and long-term outlook

Tushar Jain and Mike Ippolito make the bull case for Solana as competition heats up.

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With Ethereum refocusing on L1 and Hyperliquid adoption growing, Solana is arguably facing stronger competition than ever. Can it thrive still?

Multicoin co-founder Tushar Jain and Blockworks co-founder Mike Ippolito share several reasons to be excited about Solana, including Alpenglow and anticipated market microstructure design flexibility.

Find out why Tushar and Mike say Firedancer has not been a flop despite seemingly low adoption, why they don't see block building issues stopping Solana from challenging Hyperliquid, and why they say the network doesn't have to do anything to specifically attract AI agents. Plus, why they both believe that the RWA race is too early to call despite Ethereum's dominance.

Meanwhile, with Alpenglow still months away, Mike says the wait doesn’t matter — for the next 12 to 18 months BD and marketing matter more than tech for adoption.

#UN1047

Guest:

• Tushar Jain, Co-Founder & Managing Partner at Multicoin Capital

• Previous appearances on Unchained:

• Solana Rejected Inflation Reduction-Here's Why

• CoinFund's Jake Brukhman and Multicoin's Tushar Jain on Generalized Mining 

• Binance Hack: Should the Threat of Reorgs Be Used to Deter Hackers?

• Multicoin on the 1 Thing Crypto Teams Miss in Their Quests for Success

• Mike Ippolito, Co-Founder at Blockworks

Links:

• Unchained:
  

  • Ethereum Lets Go of the Rollup Story. Here Are the 6 Tokens That Benefit

  • Jump Crypto’s Firedancer Goes Live on Solana Mainnet

  • BlackRock Just Chose Uniswap. The Market Didn’t Care. Here’s Why.

  • When AI Agents Take Over, What Does a Post-Human Economy Look Like?

  • Uneasy Money: How the Increasingly Better AI Agents Are Being Used Onchain

  • Pump.fun Cashed Out $436M Since Mid-October: Lookonchain

  • Zora Shocks Base Community With Solana Pivot

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