toly

Solana co-founder Anatoly Yakovenko publicly supports the development of a native perpetual contract DEX on the Solana Virtual Machine (SVM), directly challenging Hyperliquid's leading position in on-chain derivatives trading.Anatoly believes that Solana needs to build its own perpetual contract infrastructure with atomic composability, showing that the ecosystem views perpetual contracts as key to retaining user activity and on-chain trading volume. Specific project details or launch timelines have not yet been disclosed. In recent months, a large volume of perpetual contract trading has migrated to Hyperliquid, which has become the dominant protocol in the on-chain perpetual contract space.Meanwhile, Hyperliquid co-founder Jeffrey Yan is in Washington engaging with policymakers on regulatory pathways, including discussions around the CLARITY Act legislation concerning crypto derivatives regulation, which could provide an advantage to Hyperliquid if the bill passes. The Solana native alternative will directly compete by leveraging its speed and cost advantages, but Hyperliquid's existing network effects and liquidity create high barriers to entry.

Solana co-founder toly commented on the controversy surrounding Circle's USDC freezing mechanism, stating that we need a base layer stablecoin that can only be frozen under a court order. If there are other factors that can freeze it besides authorization from a judge approved by the U.S. Senate, then it is not a true dollar stablecoin.toly suggested that various protocols (such as Drift and Kamino) should issue wrapped stablecoins with their own freezing and unfreezing strategies on top of the base layer stablecoin, equipped with a security team truly responsible for handling hacking incidents, while having independent freezing and unfreezing strategies.It is reported that after the recent hacking of the Drift protocol, Circle did not promptly freeze the stolen USDC. Circle CEO Jeremy Allaire's remarks about the "moral dilemma" and freezing policy have sparked widespread discussion in the community regarding the freezing mechanisms of centralized stablecoins.

In response to the tweet "Helius CEO announces the next round of the crypto cycle is coming," Solana co-founder Toly replied that cheaper, faster, and lower-risk financial methods will ultimately prevail over all alternatives. Immutable, formally verified software. The admin key contains on-chain immutable policies, such as time locks. All truly interesting things in the financial sector, like criminals, involve extremely broad aspects. Therefore, anything complex cannot be separated from admin privileges.

Solana co-founder Toly posted that if we are lucky, the 1011 market crash may open a 18-month bear market, using this time to build something new for the crypto space.

Binance founder Zhao Changpeng (CZ) has currently unfollowed Solana co-founder Toly's X account.This morning, Solana co-founder Toly retweeted a post from OKX Star questioning Binance's responsibility for the 1011 crash, and sarcastically remarked, "It has only been 18 months since the incident and it has recovered" (SOL rebounded to 2021 bull market levels 18 months after the FTX collapse).

ChainCatcher message, Solana co-founder toly (Anatoly Yakovenko) forwarded a tweet from SNS.sol and commented: "solara.sol"

ChainCatcher news, according to market news, Solana co-founder Toly may be building a decentralized perpetual contract trading platform on the Solana network.

ChainCatcher message, Solana founder Toly retweeted the Solana official X account regarding the Chinese name collection activity proposed by Trends.fun founder Mable: "A few days ago, someone reminded me that @solana still doesn't have a Chinese name. The Chinese name of Ethereum, 以太坊, has helped ETH spread better in the East. Perhaps now is the time to listen to the community's voice? Let's come up with a good Chinese name."

ChainCatcher news, according to the official announcement, the privacy trading solution Vanish based on Solana has completed a $1 million seed round financing, led by Colosseum, with participation from Solana Ventures, Pivot Global, and Solana co-founder toly.

ChainCatcher message, Solana founder toly responded to users pointing out that "the biggest problem in current DeFi is the lack of tokens with sustainable income and demand, insufficient privacy, and the lack of unsecured lending as the main challenges," stating that "privacy is not a core factor of product-market fit (PMF) and is not a feature that can change user behavior."

ChainCatcher news, the Web3 bond protocol Xitadel announced the completion of a new round of financing, with the specific amount undisclosed. Participants in this round of financing include Solana Labs co-founder Anatoly Yakovenko, BONK core contributor Nom None, and Jupiter advisor Kash Dhanda.Xitadel stated that it will launch a Liquidity Token (LTT), a financial instrument that is over-collateralized, fixed-term, and fixed-income, supported by project governance tokens and facilitating on-chain transactions.

According to GMGN market information, the Solana ecosystem RWA project Collaterize's token COLLAT has a market capitalization exceeding 56 million USD, currently reported at 56.16 million USD, with a 24-hour increase of 131.3%, setting a new historical high for the token price.According to its official website, Collaterize aims to build an internet capital market based on the Solana network. Solana co-founder Toly retweeted the project's tweet on the 18th, which may have triggered the surge in the project's token.

ChainCatcher news, Solana co-founder Toly has updated the X platform avatar to Taproot Wizards.Previously, it was reported that the starting bid for the Bitcoin ecosystem NFT project Taproot Wizards was set at 0.42 BTC, with support for bidding using SOL.

ChainCatcher news, Solana co-founder Anatoly Yakovenko (toly) expressed his support for the SIMD-0228 proposal. Previously, David Grider, a partner at Finality Capital Partners, argued that the points mentioned in the SIMD-0228 proposal are flawed, stating that high staking rewards are detrimental to DeFi yields; inflation increases selling pressure and should be judged based on network fees; high staking rewards reduce the demand for ETFs; staking returns are not optimized for U.S. taxes like capital gains; higher staking yields do not lead to higher prices; and the relevant staking formula will optimize the staking ratio, thereby addressing security issues (which he views as the most significant security risk and a flawed approach).David Grider also stated, "The proposal does raise the right questions. How much inflation is needed? But before making changes, we have other questions to answer. Let's slow down and do more work to understand the impacts." In response, toly said, "This is crucial; reducing the inflation rate will actually slow down the process."SIMD-0228 introduces a market-driven release mechanism based on staking participation rates. This mechanism employs a static curve to reduce the total issuance rate through the square root coefficient of the staking participation rate.

ChainCatcher message, Solana co-founder Toly commented on the meme token "toly's minutes" issued by the time tokenization platform Time.fun, saying that time is fun, and business communication is my favorite crypto use case.According to GMGN data, the market capitalization of Solana co-founder Toly's tokenized time (toly's minutes) is currently reported at 14 million USD, with a trading volume of 16.8 million USD in the first 2 hours since launch.

ChainCatcher news, Solana co-founder Anatoly Yakovenko replied to time.fun's tweet about the meme token "toly's minutes," stating, "Time is fun, and business communication is my favorite crypto use case." The market cap of this meme token is currently $6.9 million.