Solana strategy exec claims work done during the bear market is paying off

Layer 1s • November 12, 2023, 6:47AM EST
Published 1 minute earlier on
The Block

Quick Take

  • Solana Foundation’s Head of Strategy Austin Federa explains how Solana’s tech advancements are debunking myths about its architecture flaws.

Episode 96 of Season 5 of The Scoop was recorded with The Block's Frank Chaparro and Solana Foundation Head of Strategy Austin Federa.

Listen below, and subscribe to The Scoop on Youtube, Apple, Spotify, Google Podcasts, Stitcher, or wherever you listen to podcasts. Please send feedback and revision requests to [email protected].

Austin Federa is Head of Strategy at the Solana Foundation.

In this episode of The Scoop recorded live at Solana Breakpoint 2023, Federa unpacks some of Breakpoint's biggest announcements and explains how Solana builders persevered through the depths of the bear market to continue enhancing Solana's tech.

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According to Federa, Solana's recent performance enhancements have rectified many of the problems that plagued Solana's performance throughout the 2021 bull run. 

"I think you saw a lot of 'thinkfluencers' tweeting 18 months ago that Solana's architecture was somehow fundamentally flawed and they could never get this thing stable because of 'original sins' in the code base — and like most most radical statements on Twitter, it turns out to really not be substantively true."

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© 2023 The Block. 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.

About Authors

Davis Quinton is the Director of Podcasts at The Block and runs our flagship podcast called The Scoop, hosted by Frank Chaparro. Since joining The Block as an 'intern' in early 2022, he has worked closely with leaders across departments to translate The Block's written content into engaging multimedia formats. He holds a degree in Social Research & Public Policy from New York University in Abu Dhabi and is based in Sydney, Australia.
Frank Chaparro is Host of The Scoop podcast and Director of Special Projects. He also writes a biweekly newsletter. Chaparro started his career at Business Insider, where he specialized in the intersection of digital assets and Wall Street, market structure, and financial technology. Soon after joining Business Insider out of Fordham University, Chaparro was interviewing top finance and tech executives, including billionaire Mark Cuban, “Flash Boys” star Brad Katsuyama, Cboe Global Markets CEO Ed Tilly, and New York Stock Exchange President Tom Farley. In 2018, he become a sought after reporter in the crypto world, interviewing luminaries such as Tyler Winklevoss, the cofounder of Gemini, Jeremy Allaire, the CEO of Circle, and Fundstrat head Tom Lee. For inquiries or tips, email [email protected].