Remember I said people with tons of followers have spun narratives here unchallenged for many years? Just got a fresh one! Buckle up… Sorry @akshaybd but you leave me no choice but to defend every DEX on any chain other than Solana – as you’re essentially saying they’ll all be worthless as all the trading will all migrate to Solana. Actually, the reverse is happening. But let’s dissect your assertion with facts: First, thank god that @chameleon_jeff from Hyperliquid did not listen to the below assertion, as he would have never launched a new L1. Solana voices shouted from the rooftops that no new chain would ever take market share from Solana, and laid out other “warnings” to low IQ builders and investors of new chains. Jeff didn’t listen and he launched a new L1 and perps DEX, filling major gaps that Solana left open, similar to what Fogo is doing. So was Solana right? Dead wrong actually. HL earned the decentralized Nasdaq title and all the perps volume, and did what Solana failed to – took trading market share from the CEX’s. $HYPE token also has been outperforming and one of the best investments of 2025. Jeff ironically also did exactly what is described below with the $PUMP launch. $PUMP token was issued on Solana but all the trading volume migrated to where the liquidity is, Hyperliquid. Even your own people identified this as an issue. And the same seemed to happen with $YZE last night? Although I don’t have the numbers so feel free to fact check me. Regardless, HL is also “swallowing all the assets people want to trade” via their Phantom wallet integration. Phantom was a wallet originally launched on Solana, but Phantom shunned Solana DEX’s and connected to Hyperliquid. Market share numbers and integrations like Phantom wallet don’t lie. That’s not winning, that not ahead for the moment, that’s an “L” given Solana’s stated goals. And additional new purpose-built chains like Fogo are coming right behind them – with similar stories that are resonating with the community and flying in the face of “the slower single state machine” winning all assets and all markets. And why am I constantly taking time to correct these assertions from Solana that new chains are irrelevant? Investors and builders deserve the truth. If nobody was taking these voices to task, some investors might believe them and probably would have bought $SOL at $260 and shorted $HYPE at $10. How would that have worked out? Or maybe all those @echodotxyz investors would have passed on Fogo because Solana said any SVM chain outside of Solana was ngmi as Solana could just copy it with a bunch of engineering work. Happy to report that our counter-messaging is breaking through – as over 3,000 people bought Fogo at levels usually only reserved for VC’s. Check back with me on how that works out for them. And if I encourage even one investor to look at the facts/trends for themselves and challenge these “narratives” and make a smarter decision – happy to take the punches. Bring it on. And finally: $GOR/gorbagana/gorbagio/FOGO to you all!
most companies launching their own chain will be mostly used for issuance or redemption. those assets will always migrate to where the liquidity and users are. unless we screw up, solana becomes the place that swallows all assets people want to trade. launching a chain is like posting a video on your own website... you’ll get a few views, but the real volumes always end up on youtube.
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