Old ideas find new life on Solana
As Solana’s technology matures, founders are launching new ventures based on ideas that previously seemed unfeasible. This shift is largely fueled by Solana's advantages, including low transaction fees and high throughput. Santiago Santos from Inversion Capital highlighted that revisiting past concepts can be more beneficial than solely creating new ones. He pointed out areas like crypto gaming, on-chain DeFi options, and social trading, specifically through Tensor’s new social memecoin trading app, Vector. The app is thriving due to its user-friendly design, appealing to the social nature of memecoins. Additionally, Sol Strategies is adapting the investment strategy initially developed for Bitcoin to Solana. This trend exemplifies that successful execution can triumph over being a first mover. Chris Chung, CEO of Titan Exchange, likened this phenomenon to the iPhone’s emergence amidst earlier smartphone attempts, suggesting Solana is positioned for revolutionary developments.
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