TechFlow news — Ethereum co-founder Joseph Lubin, in an interview with the Financial Times, expressed skepticism about the sustainability of rival projects including Solana.
Lubin pointed out that while Solana positions itself as a faster and cheaper alternative to Ethereum, it pays "massive" rewards to users who validate transactions on the network relative to the actual revenue generated by transactions. He stated that Solana needs to "figure out a more sustainable business model for the network."
"It's natural," he said. "Essentially all projects in the ecosystem are just faking it until they make it—or they die."
In response to Lubin's criticism, Solana Labs said, "Looking solely at protocol revenue doesn't tell the full story of a blockchain's economic model over the long term."
