Kyle Samani
@KyleSamani
Managing Partner @multicoincap. Telegram: http://t.me/kylesamani. Opinions are my own; not a solicitation; not an offer for investment advisory services
0/ @multicoincap has been investing in SOL since May 2018 In that time, we have published 4 theses to share our views on how we think about Solana Today I'm excited to share the 5th in that series: The Solana Thesis: Internet Capital Markets (link in next tweet)
Solana mainnet now has 20% more capacity than it did a few hours ago! Expecting another 66% improvement by EOY
This is why ETH is not designed for staking ETFs
Rough timeline of events here: 1. Justin Sun pulls ETH supply from Aave. 2. Utilization spikes ETH borrow rates on Aave. 3. stETH loopers are now unprofitable, so start de-leveraging. 4. A bunch of this de-levered stETH hits the staking withdrawal queue. 5. stETH depegs 30 basis…
on point
There are two types of assets: 1. DCF assets: valued by cash flows. 2. Attention assets: valued by mindshare. For a decade, financial markets have struggled to separate the two. Gamestop was the turning point. Challenge for Institutional Investors: 1. Institutional investors…
what companies are looking to be acqui-hired? can DM me as this is obviously sensitive
Jito’s BAM makes Solana blockspace modular in a bunch of interesting ways and could really reduce the difference between monolithic and modular blockspace
Introducing BAM: The Block Assembly Marketplace that revolutionizes how Solana processes transactions. Private. Transparent. Verifiable. This is how Solana wins ⬇️
SOL staking ETFs coming soon Jito is absolutely cooking rn
💥 💥💥💥 You thought what's happening w assets is exciting? BAM is here to change how transactions are sequenced and processed on @solana. Read the thread below and the blog: bam.dev/blog/
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"With Plugins, a Solana perps DEX could implement taker speed bumps, for instance, a feature that has been important in Hyperliquid’s success." @jito_sol is coming for @HyperliquidX blockworks.co/news/jito-upgr…
One step closer to CLOBs on Solana mainnet
Introducing BAM: The Block Assembly Marketplace that revolutionizes how Solana processes transactions. Private. Transparent. Verifiable. This is how Solana wins ⬇️
🚨BREAKING: @Solana continues to lead all L1s and L2s in Network REV for the 17th week straight.
Reasoning by analogy actively leads to the wrong conclusion But that does not mean analogies are useless! Analogies should not be used to *predict the future * But they can be useful to understand the past
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Drift volume has 10x’d over the past few weeks. We’re regularly clearing over $800M a day, with open interest >2x to $400M, making us the second largest perp DEX by OI. What’s been happening under the hood? 1. Our protocol-owned AMM is now highly competitive. There’s been a…
We asked @KyleSamani (Managing Partner @multicoincap) about the future of currency globally: "My suspicion is that somewhere between 60% and 80% of the world would say US dollars." "Stablecoins make it trivial for anyone in the world to have dollars in their pocket. You don’t…
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Been tracking @ionet closely for a while now and the latest compute stats are crazy. → Over 18 million compute hours served → Still pushing ~60K hours daily, consistently Just steady usage from real world AI/ML workloads. I think that's how actual demand looks like, growing…
There were multiple times since Kalshi was founded in late 2018 when Luana and I contemplated giving up. Going up against the federal government can sometimes feel like an impossible task. But thanks to our incredible team, we successfully defeated the bureaucracy and are now…
Congratulations Senator Hagerty! The GENIUS Act is the most consequential financial legislation since Dodd Frank Will alter the course of global capitalism for decades to come
.@POTUS just signed my bill—the GENIUS Act—into law. Proud to be there for this historic moment. This is the first crypto legislation ever signed into law in the United States. A major win for American innovation, leadership, and the future. 🇺🇸
The GENIUS Act reasserts American leadership over financial innovation. The US led the development of the Internet as an open set of standards that today is used by 5.5B people. We have the opportunity to do the same with blockchain, and digitally native finance. Excited to…
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Drift volume has 10x’d over the past few weeks. We’re regularly clearing over $800M a day, with open interest >2x to $400M, making us the second largest perp DEX by OI. What’s been happening under the hood? 1. Our protocol-owned AMM is now highly competitive. There’s been a…