Solana Co-founder: Recent revenue exceeds 100 million, most startups are built on Solana, ecosystem expansion accelerates

On December 12, Solana co-founder Raj Gokal stated at the Solana Breakpoint conference, “Among the 20 companies that recently reached $100 million in revenue, most come from the crypto industry, and the majority of these companies are built on Solana. This has actually been the goal we initially envisioned. I believe that to achieve this, it requires the ‘entropy’ brought by thousands of entrepreneurs — their continuous exploration of various potential value propositions utilizing block space. And I think Solana now possesses this ecosystem momentum. For example, the ‘Colosseum’ hackathon is growing larger, with over 1,700 teams participating each time. When we talk about scaling in the past, a common metric was: what percentage of global financial transactions can be on-chain? I believe that in the next 10 years, Solana has the opportunity to accelerate its share in the crypto space. Moreover, the actual development speed of the crypto industry is much faster than we expected in 2017. At that time, we couldn’t imagine the US having such a clear regulatory environment today, nor could we imagine support from some major countries — they are starting to issue assets on-chain, and major banks are gradually joining. Therefore, I think Solana should raise its original on-chain target to 25%, and Solana could capture at least 10% of this market share.”