Jan 4, 2025
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Survey of 42 Solana Founders Reveals Insights on Ecosystem

Lightspeed conducted an anonymous survey among 42 Solana founders to gather insights on their perceptions of various ecosystems, venture capitalists (VCs), startups, and more.

Survey Highlights:

Responses included sentiments such as:

  • “None. If not Solana, I wouldn’t be in crypto.”
  • “Unfair to choose a single one.”
  • “Asia-based VCs who only invest based on the lead.”
  • “I don’t know; either way, it doesn’t really matter.”
  • “Not a fan of this question; feels like it’s trying to provoke rather than inform.”
  • “Exists, I am part of it, but not at the expense of non-cabal projects.”
  • “There’s a network of personal relationships that have formed naturally during difficult times.”
  • “Need much more blockspace ASAP. 5x demand + 2x price appreciation = need 10x bigger blocks.”
  • “The one that does not accelerate.”
  • “SocialFi, DeSci, and gaming are all equally terrible.”
  • “FTX was both the best in the early days and the worst.”

Key findings indicate that other founders hold negative views towards pump.fun while regarding memecoins as beneficial for the ecosystem. Base and Sui are perceived as significant competitors to Solana.

This survey provided valuable insights into the candid opinions of Solana founders regarding their ecosystem and its challenges.