Gm! This week, we're joined by Ryan Watkins to discuss the bull case for Solana in 2025. We deep dive into how Ryan's Solana thesis has developed over time, the rise of AI agents, the state of applications in crypto what to expect in 2025 & more. Enjoy!

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(00:00) Introduction

(02:45) The Solana Thesis

(08:48) App Fees & Revenue

(12:22) Renaud Partners Ad

(13:23) Crypto Infra: Speculation vs Utility

(17:29) AI Agents

(25:20) The Syncracy Thesis

(28:58) L1 Competition

(36:29) Bitcoin & The Rise Of L2’s

(45:31) Hyperliquid

(51:56) Does Decentralization Matter?

Disclaimers:

Lightspeed was kickstarted by a grant from the Solana Foundation.

Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mert, Jack, and our guests may hold positions in the companies, funds, or projects discussed.

The Bull Case For Solana In 2025 | Ryan Watkins