Lily Liu Details Solana’s Multichain and Ecosystem Growth

Reflecting on her first encounter with Bitcoin in 2013, Liu shared how blockchain has evolved from a peer-to-peer electronic cash system. She explained that it has become a platform capable of supporting a fully integrated financial internet. Her speech emphasized Solana’s technological roadmap, ecosystem growth, and vision for a decentralized, high-performance financial network. She highlighted how Solana’s Multichain approach supports a globally accessible financial system.

Solana’s Technological Edge and Ecosystem Expansion

Solana’s growth has been rapid and multifaceted. The network now processes over 1,000 transactions per second, approaching the throughput of traditional financial giants like Visa, which handles around 1,700 transactions per second. With transaction fees averaging only $0.0005, Solana demonstrates that blockchain can scale efficiently while remaining cost-effective.

The Solana ecosystem is organized into three layers: the network layer, the application layer, and the asset layer. Each layer has shown remarkable expansion. In 2024, the ecosystem attracted 7,500 new developers, and Solana-based applications generated $3.3 billion in revenue, raising $8.9 billion in funding collectively. There are now over 2,000 active projects, ranging from mobile apps on the new Solana Seeker platform to enterprise-level solutions involving stablecoins and decentralized infrastructure.

Solana’s emphasis on performance, developer growth, and asset integration allows it to act as the backbone for a new type of financial system. By enabling seamless interoperability across applications, assets, and networks, Solana is positioning itself as the platform for a digital, tokenized economy where everything can be represented on-chain.

Global Adoption and Strategic Focus on Asia

Liu also highlighted the strategic importance of the Chinese-speaking region in advancing blockchain adoption. With its mature payment ecosystems and innovative “super app” culture, this region provides valuable insights into scaling digital finance. Solana has invested heavily in local developer support, particularly in payments, AI, and decentralized infrastructure projects, fostering both innovation and adoption.

Finally, the keynote also addressed a broader trend: the tokenization of assets. From traditional financial instruments to gaming collectibles like Pokémon cards, nearly everything can be represented on-chain. Solana’s ecosystem provides the tools and infrastructure to support these innovations and will bridge the gap between traditional finance and blockchain-native markets.