Solana Labs co-founder Anatoly Yakovenko has unveiled Percolator, a groundbreaking sharded perpetuals protocol built directly on the Solana blockchain that promises to revolutionize decentralized derivatives trading. This new decentralized exchange aims to provide high-speed, self-custodial trading for perpetual futures contracts through an innovative architecture that isolates risk while maintaining atomic execution. With implementation-ready documentation already published on GitHub, Percolator represents Solana’s ambitious entry into the fiercely competitive crypto derivatives market at a time when the platform faces both technical challenges and growing competition from emerging protocols.
about Solana's Percolator DEX: Sharded Perpetuals Protocol UnveiledYakovenko
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Solana’s Growth: Beyond Hype to Sustainable Dominance
Solana’s impressive performance in DeFi and stablecoin flows is undeniable, with TVL reaching $8.6 billion in Q4 2024—a 486% YoY increase—and stablecoin supply surpassing $12.17 billion. Despite these metrics, co-founder Anatoly Yakovenko warns against overhyping short-term gains, stressing the need for stronger ecosystem retention and yield incentives. Analysts like Ali Martinez suggest SOL could surge to $387 if it maintains support above $193, but validator rewards remain modest at $35,000 annually, indicating room for staking improvements. Solana’s DEX dominance, fueled by retail activity, highlights its market position, but long-term success depends on converting high engagement into lasting growth.
about Solana's Growth: Beyond Hype to Sustainable DominanceConcerns Rise Over Government Control of Crypto Reserves and Decentralization
Solana Labs co-founder Anatoly Yakovenko has expressed concerns over the U.S. government’s plan to establish a strategic crypto reserve, arguing that such involvement could jeopardize decentralization. He suggested that if a reserve is necessary, it should be governed by clear, objective criteria. Industry leaders, including entrepreneur Joe Lonsdale and NYU professor Austin Campbell, echoed these concerns, warning that government control over cryptocurrencies like Bitcoin could lead to economic instability and undermine the principles of decentralization.
about Concerns Rise Over Government Control of Crypto Reserves and DecentralizationConcerns Over Government-Controlled Crypto Reserves and Their Impact on Decentralization
Solana co-founder Anatoly Yakovenko has expressed concerns that a government-controlled crypto reserve could undermine decentralization, advocating instead for states to manage their own reserves based on objective criteria. He believes that if a reserve is necessary, it should be rationally justified and potentially limited to Bitcoin. Meanwhile, Ripple’s Brad Garlinghouse supports the multi-token reserve initiative, emphasizing the need for collaboration in the crypto industry.
about Concerns Over Government-Controlled Crypto Reserves and Their Impact on DecentralizationSolana Co-Founder Critiques Government Control Over Cryptocurrency Strategic Reserves
Anatoly Yakovenko, co-founder of Solana Labs, argues against government involvement in cryptocurrency, asserting that it undermines decentralization. He emphasizes that while some see potential legitimacy in regulation, it often leads to restrictions that stifle innovation and personal financial freedom. The Solana community continues to advocate for a decentralized future, demonstrating resilience amid skepticism.
about Solana Co-Founder Critiques Government Control Over Cryptocurrency Strategic ReservesAnatoly Yakovenko Views Bitcoin as Insurance Against Superpower Collapse
Anatoly Yakovenko, creator of Solana, argues that Bitcoin serves primarily as insurance against the potential collapse of a superpower, asserting it has no intrinsic value and should not be viewed as an investment. He emphasizes that owning 100% of BTC is the worst strategy, advocating instead for layer-1 blockchains like Solana that generate revenue through transactions.
about Anatoly Yakovenko Views Bitcoin as Insurance Against Superpower CollapseSlinky Airdrop Distributes 10 Percent of Supply to 27.7 Million Wallets
Slinky has launched a massive airdrop, distributing 10% of its total supply to 27.7 million wallets on Solana. Utilizing ZK-compressed token accounts, the operation cost just 22.2 SOL ($4,200), a significant reduction from the traditional cost of over 55,000 SOL (over $10 million). This airdrop is one of the largest on Solana, surprising even co-founder Anatoly Yakovenko.
about Slinky Airdrop Distributes 10 Percent of Supply to 27.7 Million WalletsSolana Co-founder Discusses Scalability Challenges Compared to Ethereum
Solana co-founder Anatoly Yakovenko has pointed out key scalability differences between Solana and Ethereum, emphasizing that when Solana’s global resources are saturated, price discovery suffers. He argues that while Solana manages congestion gracefully, the software must allow validators to scale hardware to meet demand. Despite institutional interest and a growing number of smart contracts, Solana has struggled with price growth, hindered by past outages and competition from Ethereum’s DeFi platforms.
about Solana Co-founder Discusses Scalability Challenges Compared to EthereumSolana and Ethereum Diverge on Resource Saturation and Market Adoption
Anatoly Yakovenko, co-founder of Solana, highlighted a fundamental difference between Solana and Ethereum regarding resource saturation and price discovery, emphasizing that Solana’s pricing mechanisms falter when global resources are saturated. He noted that while Solana manages congestion elegantly, it requires hardware scaling to meet demand. Recent discussions have also compared energy consumption between Bitcoin and Ethereum, with Yakovenko pointing out that Ethereum’s shift to Proof-of-Stake has significantly reduced its energy needs, impacting its market performance relative to Bitcoin.
about Solana and Ethereum Diverge on Resource Saturation and Market AdoptionZKsync Governance Criticized by Solana Co-Founder for Multisig Functionality
Anatoly Yakovenko, co-founder of Solana, has criticized ZKsync for its governance structure, claiming it still resembles a multisig system despite assertions of decentralization. He warned that legal control could fall under a court’s jurisdiction, jeopardizing the network’s decentralization. In response, ZKsync’s co-founder Alex Gluchowski announced a new governance system featuring a three-body structure aimed at enhancing decentralization and reducing reliance on a single multisig.
about ZKsync Governance Criticized by Solana Co-Founder for Multisig Functionality