Solana Foundation’s Liu urges refocus on finance as crypto slides and narratives narrow

Solana Foundation President Lily Liu asserted that blockchains should return to their core purpose: finance, emphasizing financialization and open capital markets as the sector's true value proposition. She strongly dismissed previous attempts to push blockchain into gaming and broad "web3" consumer narratives, labeling them intellectually lazy and overly reliant on marketing rather than genuine market creation. Liu argued that meaningful adoption requires creating entirely new financial markets, not just placing existing applications on a blockchain. These comments arrive as crypto prices decline amid macroeconomic uncertainty, though institutional interest in tokenization and onchain settlement remains robust. Her stance mirrors a broader industry recalibration, including Ethereum co-founder Vitalik Buterin signaling a renewed focus on Ethereum's layer-1 scaling roadmap.

(Source：CoinDesk)