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Kyle Samani
@KyleSamani
Building something new on @solana. Chairman @fwdind. Previously Cofounder and Managing Partner @multicoin
5.8K Following    231K Followers
GTA6, live on Solana!
GTA 6 is launching without a disc. The Solana ecosystem is pressing its own. ☆★★★★ $TTWO (Take-Two Interactive, publisher of GTA 6) lists on Solana tomorrow. Issued by @Backpack Securities. Listed onchain via Sunrise.
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The @zama confidential RFQ has started trading in private beta with a handful of selected traders. Here is an example trade which is super cool: swapping a confidential steakcUSDC vault position for cUSDC. This allows you to effectively exit your vault position confidentially instantly, even if all the vault liquidity is currently lent.
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Slowly, then quickly
📈Report: @Solana has surpassed major CEXs, including @Bybit_Official, @coinbase, and @krakenfx, in weekly DEX spot trading volume for the fifth consecutive week, ranking second only to Binance.
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Judge me by my enemies: 1. Casinos 2. Insider traders 3. George Santos
Huge unlock for Solana development Bigger. Better. Faster. Cheaper
Agave 4.2 is almost here. The Agave 4.2 release brings three major feature-gated upgrades: - 90% rent reduction - 3.3x larger transaction size - 200ms slot times Plus, the complete code for Alpenglow, the largest protocol change in Solana's history, which is coming in Agave 4.3. 🧵👇
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Yesterday CME said they were going to launch sports related options and futures. Today IG Group buys Underdog. Both Kalshi and Polymarket had their best months ever in June primarily with massive WC volumes. And I’ve seen actual institutional hedging using sports event contracts on both Poly and Kalshi. Seems clear the market for sports event contracts is going to get far bigger, and the institutional players are paying attention. This isn’t just about gaming, there are broad uses here that will get much bigger than people realize. Excited to see how this keeps evolving.
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Is there any data on usage of robinhood chain by wallet? eg Robinhood Wallet vs traditional crypto wallets (Metamask, Phantom, Fomo, etc) Trying to understand where the users are coming from
A venture investor had one deal carrying his entire fund. His partner told him to take some money off the table before his wife killed him. He said no, and kept rolling every dollar of profit back into the company. Scott Voss, who has spent 27 years at HarbourVest, on why the best investors he has met refuse to de-risk their winners. "You gotta take some money off the table. Your wife is gonna kill you." "Look, Scott, this keeps us aligned. It keeps us hungry." Voss watched this play out with a friend who caught a power law outcome early and just kept re-upping through every new investment and continuation vehicle available, moving all his earned economics right back in. Most people would call that reckless. Voss calls it the reason his friend never lost the edge that made him great in the first place. He has seen too many investors take the big monetization event, relax, and quietly stop being dangerous. Getting rich is not the finish line. It is usually where the decline starts.
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Higher
🚨BREAKING: @Solana is set to increase its mainnet block compute limit by 66% in less than 24 hours, from 60M to 100M CUs, with SIMD-0286 scheduled to activate at the start of Epoch 1009.
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Moore's law hard at work FHE about to explode
Today, we reached a massive, game changing milestone for @zama : 1,000 confidential transfers per second on GPUs! This is up from 0.2 tps when we first demoed FHE smart contract at ETHcc in 2022, a 5,000x improvement in just 4 years. Running an FHE node now costs only about $0.000004 per ERC7984 transaction, orders of magnitude cheaper than ZK. This breakthrough is a combination of better cryptography, better engineering and better hardware, which compounded to create this super-exponential performance improvement. We are confident we will reach 10,000 tps by 2028 and 100k tps by 2030. 1,000 tps is also the milestone we needed to achieve to feel confident launching on faster chains than Ethereum where users expect low latency, high throughput and near-zero gas fees. This hasn’t been activated on mainnet yet, and is planned for EOY alongside some other massive features and overall improvements. FHE is basically solved when it comes to financial transactions onchain, and we can finally kill the old narrative that FHE is slow, because, well, it’s now SUPER FAST 🚀🚀🚀
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Hey crypto tax API providers Which of you can effectively support tokenized equities on chain? And on chain earn products. Please get in touch. My DMs are open
If you are building in the Solana ecosystem, you should understand that Multicoin is working against everything you are building
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I wrote it 2 years ago. Remains unchanged
What is your Zama thesis?
.@armaniferrante is an absolute beast. I recently wrote my largest angel check ever into Backpack
Very impressed by Armani's trajectory Started Anchor which became the standard way to build Solana programs. Then launched Backpack directly into the FTX collapse, and then spent three years chewing glass with little to no narrative behind him In hindsight the obvious bet was always Armani. Very few founders can go through what he and Backpack went through and still maintain the psychological endurance to keep building I’m not an investor but the ability to absorb that many setbacks and stay motivated is one of the cleanest signals of a great founder
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I've been loudly pushing back on the corp-chain FUD that MEV makes permissionless networks un-useable for traditional fin'l tx's. My article in @traders_tweets today lays out the full rebuttal. Open networks have won out every time; they'll win again now.
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I’ve had many conversations since this came out yesterday, and it doesn’t reflect the current state of play. There is a clear path to pass the Clarity Act before the recess on August 7 – and we must seize it. To the crypto community: This is our moment. We can get this done. 🇺🇸
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A giant step forward for confidentiality on-chain Soon, we will be able to have all of DeFi confidential on permissionless chains
Is there an API that answers the question What’re the most interesting things happening on Solana over the past X hours? If you’re building this please DM