Is This the End for Ethereum?

SOL/ETH is up 300% YoY and ETH/BTC is down 50% over the last 2 years. Why is that? Why is ETH underperforming so bad?

Kyle Samani is the Managing Partner & Co-Founder at Multicoin Capital. Kyle and Multicoin have been one of the largest investors and proponents of Solana. They have been spearheading the ‘integrated blockchain’ investment theses even before the success of Solana redefined that corner of crypto.

This episode is not intended to be a debate like the Anatoly vs Justin Drake one. Ryan and David are mostly going to sit back and hear Kyle’s perspective and reasoning as to why ETH has been down so bad in this crypto cycle. Enjoy!

TIMESTAMPS

0:00 Intro
2:58 Ethereum in a Vacuum
7:28 ETH Vs. BTC
23:07 Broken Layer2 Interoperability
32:04 Value Capture
46:37 What Needs to Change
50:14 Decentralization
1:01:25 Solana
1:07:16 Steelmanning Ethereum
1:12:40 Closing & Disclaimers

RESOURCES

Kyle Samani
https://x.com/KyleSamani

Multicoin Capital
https://multicoin.capital/

Paths To Tens Of Trillions Blog Post
https://www.linkedin.com/pulse/paths-tens-trillions-kyle-samani/

Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠