Solana Co-founder Toly Says Banking Everyone is Better Than Serving the Unbanked
Anatoly Yakovenko (Toly), co-founder of Solana Labs, stated that banking everyone is prioritized over only serving the unbanked.
This comment was in response to a tweet from the Altitude project, which claims that businesses can operate with stablecoins without needing bank accounts and has completed $18 million in funding.
Toly's viewpoint emphasizes achieving financial access for all through blockchain, rather than being limited to the traditional narrative of helping the 'unbanked'.
Source: Public Information
ABAB AI Insight
Anatoly Yakovenko has repeatedly promoted the narrative of "blockchain as financial infrastructure" since the launch of the Solana mainnet, criticizing the inefficiencies of the traditional banking system multiple times between 2024-2025. He has previously emphasized that stablecoins and high-performance Layer 1 can directly replace some banking functions in various podcasts. This statement continues his transition from a technical developer to a proponent of financial system reconstruction.
On the capital front, the Solana ecosystem continues to support stablecoin payment projects through the foundation and Labs resources (such as the new Korean card collaboration and various DeFi protocols). Toly's remarks aim to guide developers and businesses to shift resources from marginal unbanked scenarios to mainstream enterprise-level stablecoin adoption, motivated by accelerating Solana's actual transaction volume and TVL growth in global payments and settlements, while expanding network effects during a regulatory-friendly period.
Similar to Vitalik's early discussions on "Ethereum banking" or Ripple's stablecoin cross-border paths, Solana is currently transitioning from meme and DeFi expansion to enterprise-level payment infrastructure, focusing on competing for traditional banking market share through high TPS and low fees.
Essentially, this represents a restructuring of the industry chain: replacing traditional bank accounts and clearing and settlement processes with blockchain networks, where the mechanism of stablecoins and high-performance public chains lowers the barriers to entry and costs, shifting financial services from license-dependent centralized institutions to a globally accessible network defined by code, allowing Solana to gain pricing power and data dominance in the wave of enterprise adoption.