Anatoly Yakovenko, the co-founder of Solana Labs, is calling on Web3 entrepreneurs to prepare for the unexpected—specifically, the kind of brutal downturns that can shake even the most promising crypto ventures.
In a recent social media post, Yakovenko advised project leaders to regularly simulate extreme market conditions. His suggestion: run a quarterly drill imagining a catastrophic 95% market crash. These “fire drills,” he explained, aren’t just hypothetical exercises—they’re strategic planning tools meant to expose operational weaknesses before real chaos hits.
To guide these simulations, he proposed three key questions every team should confront:
Yakovenko also warned against complacency, noting that declarations of Solana’s dominance could backfire. In his view, the network’s real strength lies not in short-term hype but in continued, disciplined development. While Solana has made strides, he emphasized, it’s far from “finished”—and so is the broader crypto journey.
Bybit is venturing beyond centralized trading with the upcoming launch of its decentralized exchange, Byreal, built on the Solana blockchain.
Donald Trump earned over $58 million from crypto-related ventures in 2024, according to his latest financial disclosure report.
Chinese tech giant Tencent has officially pushed back against recent rumors suggesting it is preparing to acquire South Korean game developer Nexon.
The slow dismantling of Sam Bankman-Fried’s crypto empire continues, with defunct firms FTX and Alameda Research quietly shifting another $10.3 million in Solana (SOL) as part of their asset liquidation plan.