Solana Foundation President Lily Liu asserted that Solana is the only Layer 1 blockchain capable of realising the original vision of peer-to-peer electronic cash during the Solana Accelerate APAC event in Hong Kong on Wednesday.
Speaking at the summit, Liu emphasised that achieving global financial usability requires asymptotically zero transaction times and fees, a benchmark she claims the Solana network already meets through its high-performance architecture.
“If Solana doesn’t do it, nobody will.”@SolanaFndn President @calilyliu on why Solana is the only L1 with a real shot at becoming the peer-to-peer electronic cash system. pic.twitter.com/o6iGoO4Ibv
— Solana (@solana) February 11, 2026
The event, held on 11 February 2026, served as a platform for Liu to critique the last decade of industry discourse. She argued that over-debated scalability issues have often sidelined the practical needs of global financial infrastructure. By focusing on speed and low costs, Liu positioned Solana as the primary technology platform for “internet capital markets,” capable of supporting both crypto-native and traditional tokenised assets.
Shifting focus from consumer web3 to financial utility
Liu’s address highlighted a strategic pivot for the foundation, urging the industry to move away from “intellectually lazy” consumer narratives.
She specifically criticised the trend of pushing blockchain into gaming and broad Web3 consumer sectors without establishing deep market utility. Instead, she suggested that the true value of decentralized systems lies in creating open financial rails that allow capital to move without traditional barriers.
Solana’s role in the emerging internet of finance
The foundation’s vision treats the blockchain as a foundational layer for clearing, settlement, and lending. Liu drew parallels between Solana’s potential impact on finance and how Amazon revolutionised e-commerce. She noted that the Asia-Pacific region, with its mature payment ecosystems and super app culture, remains a critical area for this financial evolution.
Meanwhile, Solana co-founder Anatoly Yakovenko proposed a new capital formation model via X, advocating for tokenomics with strong staking and a minimum 20% initial circulating supply at launch. This aims to counter criticized “low float, high FDV” models that often lead to predatory pricing against retail traders.
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