{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Scoop","title":"Why FTX’s collapse is a ‘crucible moment’ for Solana","html":"","width":"100%","height":180,"duration":1918,"description":"Solana co-founder Raj Gokal has referred to the FTX crisis as a \"crucible moment\" for Solana's ecosystem.\nThe amount of value moved on Solana has decreased dramatically since Alameda declared bankruptcy in November, data from The Block shows.\nIn this episode of The Scoop, Solana co-founders Raj Gokal and Anatoly Yakovenko discuss how Solana initially became intertwined with FTX, and when they first started to notice that Sam Bankman-Fried’s ambitions diverged from the crypto ethos.\nWhile Bankman-Fried and FTX were focused on building a centralized exchange, the Solana co-founders were focused on building self-custody solutions. As Yakovenko explains, “FTX became a much bigger brand and started going in a very global direction … but we were focused on building stuff for self-custody users.”\nDespite the setback FTX’s collapse has had on Solana’s ecosystem, Gokal says the focus on self-custody has led to real user adoption:\n“It's pretty exciting now to see that focusing on self-custody users and open-source software has created this huge boom — it's what captured most of the users and active addresses on Solana.”\nDisclaimer: Beginning in 2021, Michael McCaffrey, the former CEO and majority owner of The Block, took a series of loans from former FTX and Alameda founder Sam Bankman-Fried. McCaffrey resigned from the company in December 2022 after failing to disclose those transactions.\nEpisode 125 of Season 4 of The Scoop was recorded remotely with The Block's Frank Chaparro and Solana co-founders Raj Gokal and Anatoly Yakovenko.\nListen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. Email feedback and revision requests can be sent to podcast@theblockcrypto.com\nThis episode is brought to you by our sponsors Tron, Ledn\nAbout Tron\nFounded in 2013, Huobi Global is one of the largest virtual asset exchanges in the world. Huobi Global serves millions of users across international markets. Since its...","thumbnail_url":"https://img.transistorcdn.com/kC6kzNjgr18dm0FmBfV_f9xccAkjj-QXoCJmVNlNtrU/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8xZmIz/N2E5MmRmMzJjOTU3/OTNhYjJkYzcxZTlj/MTU2Yi5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}