The Milk Road Show Solana Adoption Is Exploding… But the Market Isn’t Pricing It In w/ Kash Dhanda
Mar 9, 2026
Kash Dhanda, COO at Jupiter — a leader in Solana DeFi — shares his view on Solana’s booming on-chain activity and why the market may not be pricing it in. He talks product strategy, revenue drivers like perps, token governance moves such as emissions and buybacks, and how Jupiter is building cross-product UX and omni-chain liquidity.
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Dollar Cost Average During Macro Uncertainty
- Dollar cost average instead of timing market tops or bottoms during geopolitical or macro uncertainty.
- Kash says he personally started DCA into positions over the past four to six weeks and will continue to do so.
Double Down On Revenue Products In Bear Markets
- Focus on core users and revenue-generating products during downturns rather than chasing growth vanity metrics.
- Kash says mature startups like Jupiter shift priority to credit, lending, and stablecoin products when trading volumes slip.
Ten Years In Crypto Produced Surprises Not Predictions
- Crypto's evolution defied early expectations: land deeds, DAOs, and creator-owned models underperformed while mainstream institutional adoption surprised.
- Kash recalls being shocked that governments and banks would publicly adopt and hold crypto assets.