The post Permissionless III dispatch: What a difference a year makes for Solana appeared on BitcoinEthereumNews.com.

Crypto conference panel titles are like little time capsules that give a sense of what the crypto world was interested in at a certain moment in time (at least in the eyes of conference organizers). So here’s one telling example I found: A year ago at Permissionless II, a host of Solana founders sat on a panel called “Solana DeFi: A Phoenix Rises from the Ashes.”  This year, the main stage saw a talk called “DeFi: A Phoenix Rises from the Ashes,” but the panel was populated with Ethereum DeFi founders instead. During that 2023 panel, SOL was trading at around $18. Today, it’s around $140. This week, the fees and tips being processed by the Solana blockchain are roughly 70 times what they were during the last Permissionless. Read more: Politics and memecoins drive the conversation on day 2 of Permissionless In brief, it appears that the phoenix has risen from the ashes.  This year’s Permissionless conference fell less than a month after Solana’s flagship conference in Singapore, so it was a light week as far as bombshell Solana announcements went. Instead, the Solana content was a bit of a heady brew.  Read more: These 3 questions remain after Solana Breakpoint Eugene Chen from Ellipsis Labs said that “fighting [maximal extractible value] is almost like fighting gravity” due to the inevitable economic force to pack blocks tightly. DRiP’s Vibhu Norby said that memecoins can be better thought of as commerce than as investment during a live taping of the Lightspeed podcast. And someone I chatted with near the coffee station said decentralized physical infrastructure (DePIN) projects where the infrastructure’s supply comes from the same place as its demand are the most likely to succeed (think of a shared computing network where users offer and also use computing power, as…

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Filed under: News - @ October 11, 2024 3:20 pm