Permissionless III dispatch: What a difference a year makes for Solana

Crypto conference panel titles are like little time capsules that give a sense of what the crypto world was interested in at a certain moment in time (at least in the eyes of conference organizers).

So here’s one telling example I found: A year ago at Permissionless II, a host of Solana founders sat on a panel called “Solana DeFi: A Phoenix Rises from the Ashes.” 

This year, the main stage saw a talk called “DeFi: A Phoenix Rises from the Ashes,” but the panel was populated with Ethereum DeFi founders instead.

During that 2023 panel, SOL was trading at around $18. Today, it’s around $140. This week, the fees and tips being processed by the Solana blockchain are roughly 70…

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