Solana ‘roast’ reveals painful truths

As is often the case, the roast begins with laughs — but quickly turns to hard truths

article-image

Radowitz/Shutterstock modified by Blockworks

share

Anyone who’s ever listened to or participated in a “roast” knows the fine line between innocuous observation and painful truth is often crossed, even when the jabs are delivered in a friendly manner. 

And few are more sensitive to clever digs than the most dedicated crypto community members — often exhibiting passionately blind loyalty to their selected blockchain tribe.

So it was with some trepidation that Superteam founding member Kash Dhanda and Framework Ventures principal Brandon Potts stirred up a few frank critiques for a Solana “roast” on the Lightspeed podcast (Spotify/Apple).

“If you’re trying to get me in trouble, I’ve got a few ideas,” says Dhanda as he laughs, perhaps nervously, before proceeding.

A community divided

Historically, Dhanda says that Solana has been divided into two “camps” — one for the “hardcore builder,” and one for the NFT crowd

“The truth is, Solana was obviously set up initially to be all about DeFi and now has expanded much beyond that,” he says. “There are these two groups that don’t seem to talk that much, and they actually seem to not think very highly of each other.”

The situation has created a sort of “intra-community battle,” Dhanda says, adding he would love to see the animosity between the camps resolved. “It’s super annoying and unnecessary.”

Entitled bear survivors

Dhanda also criticizes a “culture of entitlement” that has emerged in the Solana community. Because it managed to survive the bear cycle, many Solana users seem to feel that “everything in the world belongs to them,” he says. 

The “because I’ve stuck it through, I deserve a gold medal” sentiment can get on his nerves sometimes, he says.

Continuing on a roll, Dhanda digs into the community’s tendency to blame the Solana Foundation or Solana Labs for not doing enough. “That’s pretty counterproductive,” he says. “No foundation is perfect, but it’s not as if every ill can be solved by one centralized entity.”

Do something different

With the roast at full momentum, Potts joins in to drop a few truth bombs. “Stop trying to map one-to-one apples-to-apples to what has been built thus far or worked thus far in Ethereum, especially as it relates to DeFi.”

Instead of just doing the same implementations “faster and cheaper,” Potts says builders need to “start running down new hallways, dark hallways, [and] do net new things. Do the things that Ethereum or EVM cannot do.

Solana has a brief moment in time now, Potts says, where builders can “arbitrage the Ethereum roadmap.”

Read more: Solana Labs plans to grow ecosystem through new incubator program

While Ethereum is “rebuilding a jet in flight” with all of its current liquidity and “moneyness,” Solana is “closer to the ground,” Potts says, “so you can kind of move quicker.”

“Leverage that ability to move quickly and arbitrage — and do so in a lower cost environment,” he says. “The consequences aren’t as high, so the risk-reward is very skewed in your favor.”


Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the Forward Guidance newsletter.

Get alpha directly in your inbox with the 0xResearch newsletter — market highlights, charts, degen trade ideas, governance updates, and more.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.

Tags

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 18 - 20, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates (6).png

Research

In recent months, a number of highly accretive developments were implemented across the protocol to improve fee capture, expand product functionality, and ultimately drive value accrual to the RUNE token, with more upgrades on the immediate horizon. These developments include hiking the minimum swap fee parameter to increase revenue, adding a Burn System Income Lever to reduce the RUNE supply, the addition of COSM-WASM smart contracting and IBC to enable an application layer, new chain integrations, and more.

article-image

Plus, Celestia looks about to flip Ethereum data availability usage

article-image

Decentralization is still a core tenet of crypto, even if it’s not exactly pragmatic these days

article-image

Crypto.com said it received a Wells notice from the SEC in late August

article-image

A repayment plan has officially been approved, nearly two years after FTX went bust

article-image

Coinbase filed an interlocutory appeal in its case against the SEC earlier this year

article-image

FTX “never had the crypto” to make in-kind distributions, witness says at FTX’s confirmation hearing