From FTX debris to global finance: Solana’s 2026 plan is all about the application layer
Summary
Solana's core builders, including leaders from Jupiter, Backpack, Kamino, and DoubleZero, asserted at Consensus Hong Kong 2026 that the network's future is centered on scaling into global finance, rather than merely surviving the fallout from the 2022 FTX collapse. Despite the crisis, Solana retained its technical teams and developer base. The next phase will pivot away from memecoin mania to focus on bringing traditional finance on-chain, which panelists view as the most significant development in blockchain. Growth hinges on improving user experience and infrastructure, with value increasingly accruing to the application layer, as users prioritize usability over the underlying blockchain. While infrastructure upgrades aim to enhance Solana's performance, builders cautioned against complacency, emphasizing continuous innovation is necessary to maintain a competitive edge.
(Source:CoinDesk)