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Mike Dudas backs Solana as an “everything chain” for payments and trading

Solana’s validator proposals under SGP-0003 would aim to cut new SOL issuance faster and increase SOL burned through fees, a shift Dudas said could tighten supply if demand holds.

Reported · Written up by our desk · Market Structure

Solana is positioned to attract mainstream users because it can support trading, payments, and settlement on one network, according to Mike Dudas, co-founder of crypto venture firm 6th Man Ventures, in an interview with Decrypt.

Dudas argued that many corporate-backed blockchains, including networks tied to Coinbase’s Base and Robinhood’s blockchain, face pressure to steer users toward fee-generating products. He said Solana can instead operate as a broader “everything chain,” citing features such as round-the-clock availability, deep liquidity, low fees, and near-instant settlement.

He also pointed to how consumer apps have made crypto easier to use by hiding technical steps. Dudas said users can, for example, fund accounts through services such as Apple Pay without interacting directly with a blockchain wallet, describing that experience as the likely future for “on-chain” activity.

Dudas said he supports efforts to reduce Solana token issuance, noting that Solana validators are considering two measures bundled under SGP-0003. He said the proposals would accelerate reductions in new SOL issuance and increase SOL burned through network fees, which he likened to a supply-size squeeze investors would typically find attractive if demand stays steady or rises.

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