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Fluid Co-founder Confirms Vaults Rehypothecate Collateral and Lack Full Isolation↗
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Fluid Co-founder Confirms Vaults Rehypothecate Collateral and Lack Full Isolation

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Crypto

Solana Founder Anatoly Comments on Unichain's TVL Drop: "There Are No Moats"

11/27/2025, 00:36
AI SUMMARY
●• Anatoly Yakovenko commented on Unichain's 86% TVL drop after incentives ended
●• He stated "There are no moats," highlighting the lack of liquidity stickiness
●• The remark underscores the fierce competition among Layer 2 solutions
Solana co-founder Anatoly Yakovenko commented on a report indicating that Unichain's Total Value Locked (TVL) dropped 86% from its all-time high after incentives ended. He remarked, "There are no moats. It’s crazy out here." His statement highlights the intense competition in the Layer 2 ecosystem and suggests that liquidity is highly sensitive to financial incentives, lacking long-term stickiness once rewards are removed.

Sources (1)

01@aeyakovenko↗
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