Solana’s Anatoly Drops Meta-Blockchain Bombshell—Because the World Needed Another Layer of Complexity
Solana co-founder Anatoly Yakovenko just pitched a meta-blockchain vision—a ’blockchain of blockchains’ that’ll either revolutionize interoperability or become another slide in VC pitch decks collecting dust.
Why it matters: After surviving the FTX collapse and SOL’s 97% crash, Solana’s now betting big on abstraction. Because clearly, what crypto needs isn’t simpler UX—it’s more architectural jargon.
The finance jab: TradFi banks are still using COBOL, but sure, let’s build a blockchain inception framework. Priorities.
Toly emphasizes flexibility in L1 protocols
There is no reason to build an L2.
L1s can be faster, cheaper, and more secure.
They aren’t slowed down by a glacially moving L1 data availability stack, or have to compromise security with complex fraud proofs and upgrade multisigs. https://t.co/Ov3YAfz9U4
— toly 🇺🇸 (@aeyakovenko) March 23, 2025
Solana co-founder acknowledged that underlying Layer 1 (L1) protocols should be sufficiently flexible to allow applications to compete in their business operations. He argued that they will pursue such strategies if applications can drive business growth through differentiated priorities.
Toly also noted that if an L1 hinders their growth, they will likely migrate away from it. He mentioned that the concept is straightforward, adding that preventing applications from trying ideas they believe could aid growth, even if deemed bad, may encourage them to leave the L1.
On-chain data from Nansen showed that Solana had the highest number of active addresses among public blockchains over the past week, with 24.26 million. Onchain Lens also reported on Monday that a major whale or institution had unstacked 103,040.6 SOL, valued at $17.7 million, after a month of dormancy. According to the analytics firm, the whale still retains a substantial holding of 3,369,634 SOL, worth approximately $584.09 million.
At the time of publication, Solana is exchanging hands at $171.57, a 3.89% drop in the last 24 hours. The digital asset has jumped 88% in four weeks from under $100 to now trading above $170.
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