Solana Co-founder: The Key Issue for Blockchain Is Demand

TechFlow reports that on November 15, Solana co-founder Anatoly Yakovenko stated in a post that the problem facing blockchain is not taxing applications, but demand. He gave an example stating that processing 10,000 transactions per second at a fee of $0.003 per transaction could generate approximately $1 billion annually.

He made these comments while referencing a discussion posted by crypto journalist Laura Shin. In that discussion, Arca Chief Investment Officer Jeff Dorman raised questions about how to evaluate the value of their native assets given that Ethereum and Solana do not tax on-chain applications.