[wc-]

This point is getting missed by a lot of people I think. FTX / Alameda had a part in funding almost all solana-based projects, and almost all of these fundings involved some kind of "use FTX as your bank" fundraising stipulation. So not only were they propping up the ecosystem with projects getting funding that might not have really deserved it, but now those projects have no treasuries.

The entire solana ecosystem is just nuked now and it isn't hard to see this in on-chain activity and project/dao comm's.

edit: as a dev solana had some nice implementation details and was a step forward over some other chains in some ways. IMO it's totally DOA now, but I hope the dev community (whoever is real and not an alameda-funded "anon" dev etc) continues on in some capacity on a fork or other chain.

[abacadaba]

for better or worse, at least it is/was something other than another evm fork. will buy some at $3.50 for lulz.