Solana Co-Founder: Recent Revenue Surpasses $100 Million Most Startups Built on Solana, Ecosystem Expansion Accelerates

BlockBeats News, December 12th, Solana co-founder Raj Gokal stated at the Solana Breakpoint Conference, "Among the 20 companies that recently reached $1 billion in revenue, most of them are from the crypto industry, and the majority of these companies are actually built on Solana. This has always been our initial goal."

I believe that to achieve this, it requires the 'entropy' brought by thousands of entrepreneurs—they are constantly exploring various value propositions in the blockchain space. And I think Solana now has this ecosystem momentum. Events like the 'Colosseum' hackathons are getting larger and larger, with over 1700 teams participating each time.

When we used to talk about scalability, a common measure was: what percentage of global financial transactions could be conducted on-chain. I believe that Solana has the opportunity to accelerate its share in the crypto space over the next 10 years. And the reality is, the development speed of the crypto industry is much faster than we expected in 2017.

At that time, we could not imagine that the United States would have such a clear regulatory environment today, nor could we imagine that it would receive support from some major countries—they are starting to issue assets on-chain, and major banks are also joining. So, I think Solana should raise its original on-chain target to 25%, and Solana can at least capture a 10% share in this market."

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