Lily Liu: "The corporate chain" is suffocating the soul of crypto, and we should reclaim the native spirit of crypto

The chair of the Solana Foundation, Lily Liu, called on social media to let the "crypto world return to the spirit of cypherpunk."

Lily Liu stated: "We are currently in the 'enterprise chain' era—those companies with massive balance sheets and ready distribution channels can package a single sequencer with fancy marketing, while using a stiff narrative to promote that 'decentralization doesn't really matter,' claiming that this centralized effort 'is helping Layer 1 development,' even though everyone knows this is just a logically flawed promotional tactic.

Meanwhile, the application chain infrastructure that truly upholds the native spirit of crypto is being crushed by corporate giants. Even in revenue difficulties, these projects begin to self-hypnotize, believing that the only way out is to transform themselves into 'enterprise chains.' This is certainly not the vision I yearned for when I first read the 'Peer-to-Peer Electronic Cash System' white paper, and I am sure this is also the common voice of the vast majority of crypto practitioners."