$SOLANA Co-founder Toly Responds Directly to Recent Community Controversies.
On August 10, in response to accusations that the Solana Foundation backed Phoenix—indirectly causing Flash.Trade to go offline—Toly made his position clear: the Foundation cannot endorse the success or failure of a product, and its role is limited to promotional support during the early stage of a new product launch.
He also added that if, in the future, competitors emerge for Phoenix, the Foundation can likewise help a new team get started. However, how much attention it will attract and how far it will go still ultimately depends on the product itself—whether it is novel enough, whether the user experience is good enough, and whether the marketing narrative can win over users.
The implication is very clear: ecosystem resources will tilt toward high-quality projects, but after “helping you get going,” how far you can run is ultimately decided by the market. This response also serves as a relatively candid tone-setting for the internal tussle surrounding the $SOLANA ecosystem in recent days.
On August 10, in response to accusations that the Solana Foundation backed Phoenix—indirectly causing Flash.Trade to go offline—Toly made his position clear: the Foundation cannot endorse the success or failure of a product, and its role is limited to promotional support during the early stage of a new product launch.
He also added that if, in the future, competitors emerge for Phoenix, the Foundation can likewise help a new team get started. However, how much attention it will attract and how far it will go still ultimately depends on the product itself—whether it is novel enough, whether the user experience is good enough, and whether the marketing narrative can win over users.
The implication is very clear: ecosystem resources will tilt toward high-quality projects, but after “helping you get going,” how far you can run is ultimately decided by the market. This response also serves as a relatively candid tone-setting for the internal tussle surrounding the $SOLANA ecosystem in recent days.