<p><i>Episode 125</i><b><i> </i></b><i>of Season 4 of The Scoop was recorded remotely with <strong>The Block's Frank Chaparro and Solana co-founders Raj Gokal and Anatoly Yakovenko.</strong></i></p> <p><i>Listen below, and subscribe to The Scoop on </i><a href="https://podcasts.apple.com/us/podcast/the-scoop/id1460134454"><i>Apple</i></a><i>, </i><a href="https://open.spotify.com/show/7qwrgTJ5CYDXAaVILNZuEd"><i>Spotify</i></a><i>, </i><a href="https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5tZWdhcGhvbmUuZm0vdGhlYmxvY2stdGhlc2Nvb3A?sa=X&amp;ved=0CAMQ4aUDahcKEwionbSO9fbxAhUAAAAAHQAAAAAQAg"><i>Google Podcasts</i></a><i>, </i><a href="https://www.stitcher.com/podcast/the-block-2/the-scoop-4"><i>Stitcher</i></a><i> or wherever you listen to podcasts. Email feedback and revision requests can be sent to podcast@theblockcrypto.com.<br /> <iframe frameborder="0" height="200" src="https://playlist.megaphone.fm/?e=BLOCK4900471315" width="100%"></iframe><br /> </i></p> <hr /> <p><span style="font-weight: 400;">Solana co-founder Raj Gokal has </span><a href="https://twitter.com/rajgokal/status/1590359525521264640"><span style="font-weight: 400;">referred</span></a><span style="font-weight: 400;"> to the FTX crisis as a "crucible moment" for Solana's ecosystem.</span></p> <p><span style="font-weight: 400;">The amount of value moved on Solana has decreased dramatically since Alameda declared bankruptcy in November, data from The Block shows.</span></p> <p><iframe frameborder="0" height="420" src="https://embed.theblockcrypto.com/data/on-chain-metrics/solana/solana-value-moved-on-chain-daily-7dma/embed" title="Solana Value Moved On Chain (Daily, 7DMA)" width="100%"></iframe></p> <p><span style="font-weight: 400;">In this episode of The Scoop, Solana co-founders Raj Gokal and Anatoly Yakovenko discuss how Solana initially became intertwined with FTX, and when they first started to notice that Sam Bankman-Fried’s ambitions diverged from the crypto ethos.</span></p> <p><span style="font-weight: 400;">While Bankman-Fried and FTX were focused on building a centralized exchange, the Solana co-founders were focused on building self-custody solutions. </span><span style="font-weight: 400;">As Yakovenko explains, “FTX became a much bigger brand and started going in a very global direction … but we were focused on building stuff for self-custody users.”</span></p> <p><span style="font-weight: 400;">Despite the setback FTX’s collapse has had on Solana’s ecosystem, Gokal says the focus on self-custody has led to real user adoption:</span></p> <blockquote> <p><span style="font-weight: 400;">“It's pretty exciting now to see that focusing on self-custody users and open-source software has created this huge boom — it's what captured most of the users and active addresses on Solana.”</span></p> </blockquote> <p><i><span style="font-weight: 400;">During this conversation, Chaparro, Gokal and Yakovenko also discuss:</span></i></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Solana Breakpoint conference and overall developer activity;</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">How Solana is positioned to support an NFT ecosystem;</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Why centralized exchanges are a temporary feature of crypto.</span></li> </ul> <p><span style="font-weight: 400;"><em>Disclaimer: Beginning in 2021, Michael McCaffrey, the former CEO and majority owner of The Block, took a series of loans from former FTX and Alameda founder Sam Bankman-Fried. McCaffrey resigned from the company in December 2022 after failing to disclose those transactions.</em><br /> </span></p> <hr /> <p><b>This episode is brought to you by our sponsors <a href="https://trondao.org/" target="_blank" rel="noopener"><em>Tron, </em></a><em><a href="https://www.ledn.io/" target="_blank" rel="noopener">Ledn</a></em></b><strong><br /> </strong></p> <p><strong>About Tron<br /> </strong><em>Founded in 2013, Huobi Global is one of the largest virtual asset exchanges in the world. Huobi Global serves millions of users across international markets. Since its establishment, Huobi Global has committed to providing first class virtual asset investment services. Huobi Global's robust infrastructure, product innovation and capital strength provides a truly customer-centric and secure trading environment to help our international users to achieve their investment objectives. Please refer to Huobi's official website for more information: <a href="http://www.huobi.com">huobi.com</a>.<br /> <br /> <strong>About Ledn<br /> </strong>Ledn was founded on the unshakeable conviction that digital assets have the power to democratize access to the global economy. We help you to experience the real life benefits of your Bitcoin without having to sell it. Start a savings account, take out a loan, or double your Bitcoin. For more information visit <a href="https://www.ledn.io/" target="_blank" rel="noopener">Ledn.io</a></em></p><br /><span class="copyright"><p>© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p> </span>