Kyle Samani

My one big prediction for EOY 2026 Solana mainnet will rival or exceed all major CEXs for majors for spot and perps

@kashdhanda @solana You redistribute listing fees to SOL stakers right

getting listed on @solana is the new getting listed on binance. smart money already knows this.

@mewwts @ethereum No we don’t

We have to get people excited about building on @ethereum again

@johnrobertreed 🙃

@LorenzoARK @santiagoroel More rocks than grass

@KyleSamani @santiagoroel touching grass, love it

A few thoughts on @santiagoroel country and taxes analogy. People love to say blockspace is commoditized and switching costs are basically zero. The numbers say otherwise. We're 10 years into this experiment and only 3-4 L1s actually matter. Same story as AI models: everyone calls them commoditized, yet everybody uses either Chatgpt or Claude. Coming back to countries and taxes, California is the best counterexample here to Santi's argument, and probably the model ETH is going for. A 30% tax is too much, but the current take rate is almost certainly too low. Why don't people leave California despite outrageous taxes? Weather, quality of life, the AI job market. No single factor, the bundle. ETH's real moat is the assets on platform plus ETH the asset. If Ethereum had $3-5T of AOP instead of $250B, this would be a very different conversation, and Hood probably never leaves. You need to coordinate 2-3 outstanding qualities at once. Good weather alone (Portugal), not enough. Low taxes alone (Dubai), not enough. Great quality of life alone (Japan), still not enough. @HyperliquidX aggregated so much demand precisely because it coordinated three things: great UX, deep liquidity, and strong execution tech. Any one of the three alone doesn't cut it. One more thing. There's the @ethereumJoseph theory: subsidize blockspace to attract applications, then raise prices once network effects are real. The problem is that Ethereum the blockchain needs a strong ETH asset in the meantime. Hard to do that with ETH at $1,500. And for everyone saying we need thousands of Robinhood L2s: there just aren't that many Hood-like companies to go around. Robinhood has 30M accounts and ~$300B in deposits. At that scale you're not closing a Robinhood L2 every week. The math matters here.

@LorenzoARK @santiagoroel Just hiked my first 14er in Colorado

@KyleSamani @santiagoroel Kyle I was honestly surprised you didn't comment before

@santiagoroel Reasoning by analogy actively leads to the wrong conclusion

Ethereum is the federal government and instead of charging 30% tax it charges 1% and lets states and counties charge the bulk of the tax Security is the most mispriced asset in blockchain land federal states can make it hard for citizens to leave and few (ie US) can enforce worldwide tax - as a US citizen you pay the tax because they can use violence against you blockchains can’t and never will they are by design open source and easy to leave, so they will always struggle to grow GDP via taxation Users (builders and user aggregators) will always have an incentive to leave and go to a tax friendly jurisdiction once you get taxed any amount because they control the user. So Ethereum and others can’t tax too much I don’t see an easy solution to this problem other than being an integrated chain that owns the user relationship and can monetize the flow and enforce some control of who enters and leaves Robinhood can do this Stripe can do this Infra crypto-native providers can’t And if that’s the case then what’s the point of blockchains if you have a single entity that controls it. Databases all the way down. Robinhood is simply replacing citadel and monetizing the flow themselves via robinhood chain - as they should

@armaniferrante You’re famous now

I love how this is news 😂

This is awesome

@brian_smith_0 Always day 1

@armaniferrante @Backpack hey

Situational Awareness. Popular 13F filings are now live on @Backpack.

@niteshnath Also same with harness and model

A vertically stacked inference provider and harness have a perverse incentive to be verbose on token output Model routers and 3rd party harnesses are going to become basically essential

@buffalu__ Pay for very expensive feeds

how do prediction market MMs make markets on sports? presumably the live feed has too much delay. intern in the audience?

@TradeNeutral actually, please send me some info over TG

@KyleSamani We pretty much aggregate all the best trading strategies onchain and offchain and turn it into an USD yielding product

What are the best on-chain USD yielding/earn products on Solana with immediate or near very fast liquidity that are sourcing yield off chain? Currently aware of Onyc, prime, plume/nest product suite, what else? not interested in vaults where fund managers are trading on chain

@ruchirgupta90 send me info when it's all live on mainnet and I can use it

@KyleSamani A whole suite of on-chain corporate bonds coming on Solana shortly, with yields between 3.5-8% and great liquidity. Along with a number of bond funds, full composed on-chain.

@SamaiSpeaks can you send me more information over TG please. my TG handle is the same as my X handle

@KyleSamani We are tokenizing CPG receivables!

@AlanaDLevin @pyefinance can you send me more info over TG please

@KyleSamani .@pyefinance maybe fits

@billbar please send me more info on TG thanks

@KyleSamani USDaf. Quite certain it’s the best Solana based yield product on the market.

@TradeNeutral not interested in yield sources where the yield is derived on chain

@KyleSamani For liquid USDC, NT Earn runs variable yield updated hourly! Optimized across venues, not tied to one lending market 🫡