Solana联合创始人Anatoly Yakovenko对X发起了争执，声称以太坊的AAVE正在“虚荣指标”上运行

Yakovenko称Kamino为卓越的协议，因为Solana Apps首先旨在盈利能力。

Solana Labs co-founder Anatoly Yakovenko started a feud on X, claiming that Ethereum’s Aave (AAVE) was running on “vanity metrics.” Yakovenko praised Kamino as the superior protocol, as Solana apps aimed for profitability first.

Solana Labs的联合创始人Anatoly Yakovenko对X发起了争执，声称以太坊的Aave（Aave）正在使用“虚荣指标”。 Yakovenko称Kamino为卓越的协议，因为Solana Apps首先旨在盈利能力。

The co-founder of Solana Labs Anatoly Yakovenko started an argument on X with Stani Kulechov, co-founder of Aave (AAVE). Yakovenko claimed that profitability and economic activity were more important than value and assets under management.

Solana Labs的联合创始人Anatoly Yakovenko与AAVE（AAVE）的联合创始人Stani Kulechov在X上发起了争执。 Yakovenko声称，盈利能力和经济活动比管理中的价值和资产更为重要。

Kulechov was the first to claim that Solana’s decentralized finance (DeFi) is a copycat of Ethereum, especially the approach of Aave to create lending vaults.

库尔乔夫（Kulechov）是第一个声称索拉纳（Solana）的分散财务（DEFI）是以太坊的模仿者，尤其是AAVE创建贷款保险库的方法。

The state of Solana DeFi:

Solana Defi的状态：

- Copycat Aave's old tech

- 模仿Aave的旧技术

- Slap a half baked UI

- 打半烘烤的用户

- Restrict also UK users from using it

- 限制英国用户使用它

- Solana foundation president calls it a better product

- 索拉纳基金会主席称其为更好的产品

Expect people to buy the bluff. https://t.co/wbeDnwlBSu

希望人们购买虚张声势。 https://t.co/wbednwlbsu

— Stani.eth (@StaniKulechov) February 10, 2025

- 2025年2月10日

Yakovenko still claims that Kamino is superior, due to producing higher fees based on its value locked. However, Kulechov replied that Kamino achieves this by taking a bigger cut from users. Yakovenko kept claiming that Solana’s mission was to make its apps profitable, reflecting the real demand and economic activity on-chain.

Yakovenko仍然声称，由于其基于其价值锁定的费用，Kamino是优越的。但是，Kulechov回答说，Kamino通过对用户的更大削减来实现这一目标。 Yakovenko一直声称Solana的使命是使其应用程序有利可图，这反映了真正的需求和经济活动。

The discussion of Aave and the potential of lending on Solana started over the weekend, as Nansen’s founder Alex Svanevik suggested that the app may migrate to another chain. Currently, Aave is prioritizing its version on Base. Both Ethereum and Solana have their native app collections, but the question of Aave accelerated the chain wars and rivalry.

Nansen的创始人Alex Svanevik建议该应用程序可能会迁移到另一个连锁店，因此对AAVE的讨论及其在Solana上的潜力始于周末。当前，AAVE在基础上优先考虑其版本。以太坊和索拉纳都有其本地应用收藏，但是ave的问题加速了连锁战争和竞争。

Due to its reward structure for validators, Solana’s network is heavily subsidized and has one of the biggest overall expenses for each dollar in app revenues. Solana spends $7 in subsidies for each $1 produced by apps. The recent boom in meme token trading is improving the ratio.

由于其对验证者的奖励结构，Solana的网络得到了大量补贴，并且拥有每美元在应用收入中最大的总费用之一。 Solana为应用程序生产的每笔1美元花费7美元的补贴。最近的模因贸易繁荣正在提高比率。

Solana currently surpasses Ethereum’s fees on a weekly basis. Solana’s L1 chain produced $28.91M in weekly fees, mostly due to the need for priority fees and bribes. Ethereum produced $19.8M in weekly fees, while going through one of the slow periods with extremely low gas fees.

Solana目前每周超过以太坊的费用。 Solana的L1连锁店每周收取2891万美元的费用，这主要是由于需要优先费用和贿赂。以太坊的每周费用为1980万美元，同时经历了一个缓慢的时期，汽油费极低。

Solana DeFi produces fees despite lower TVL

尽管TVL较低，但Solana Defi仍会产生费用

In terms of economic activity, Solana generates more L1 fees, which do not go to app teams. Ethereum’s fees have fallen significantly, leading to record low gas prices. Both chains hold peak crypto economic activity based on their apps, but Solana’s founder claims the chain is more lively and more apps are becoming profitable.

在经济活动方面，Solana产生了更多的L1费用，而该费用不涉及应用程序团队。以太坊的费用大大下降，导致了低速价格。这两个连锁店都根据其应用程序拥有高峰加密经济活动，但是Solana的创始人声称该链更加活跃，并且更多的应用程序变得有利可图。

The community pointed out that Kamino was more suited to Solana’s active trading and asked why there was no version of Aave on Solana. Currently, lending protocol Sky is trying to launch its version on Solana, but Aave has shown no similar interest.

该社区指出，卡米诺更适合索拉纳（Solana）的积极交易，并询问为什么在索拉纳（Solana）上没有版本的Aave。目前，Lending Stopolation Sky试图在Solana上启动其版本，但AAVE并没有表现出相似的兴趣。

Aave V3 currently leads in terms of total value locked, at $19.15B, which also signals the protocol’s levels of activity and the inclusion of whales. Kamino carries $2.36B TVL.

AAVE V3目前以锁定的总价值为$ 19.15B，这也标志着协议的活动水平和鲸鱼的纳入。 Kamino携带$ 2.36B TVL。

Based on the value locked, Kamino achieved $15M in monthly revenues, while Aave reached $56.88M. Yakovenko claimed that those numbers showed Kamino was more efficient, achieving better income per value locked. Kamino has more than $3.52B in total deposits and $1.4B in total loans. The amount was split in over 158K loans, for a relatively small average amount of lending and borrowing.

根据锁定的价值，卡米诺每月获得1500万美元的收入，而AAVE达到5688万美元。 Yakovenko声称，这些数字显示Kamino更有效，每个价值锁定的收入更高。 Kamino的总存款总额超过$ 3.52B，总贷款总额为1.4B美元。该金额在超过158K的贷款中分配，平均贷款和借款的平均数量相对较小。

One of the reasons for Kamino’s performance is the bigger Solana user base, with over 5M daily active wallets. Some of Kamino’s users also crossed over to the meme token market, making for highly active loans and a high turnover. Kamino was one of the main sources of liquidity for tokens like DogWifHat (WIF), which relied on lending for additional trading volumes. Combined with higher fees, this led to an overall positive performance for Kamino.

Kamino性能的原因之一是较大的Solana用户群，每天有超过5m的活动钱包。 Kamino的一些用户还跨越了Meme令牌市场，可提供高度活跃的贷款和高营业额。卡米诺（Kamino）是诸如Dogwifhat（Wif）等代币的主要流动性来源之一，该代币依靠贷款来支付额外的交易量。加上更高的费用，这导致了Kamino的总体积极表现。

Ethereum DeFi on the other hand served mostly whales and early adopters, looking for vaults to park their holdings. A big part of Ethereum’s DeFi aims to tap the value of idle, staked ETH, which builds up a bulk of upfront stored value. However, the value was often mismatched when it came to economic activity. DeFi on Ethereum was recovering more slowly and traders were more cautious of liquidations during the latest bull market.

另一方面，以太坊Defi主要是鲸鱼和早期采用者，他们正在寻找库存的保险柜。以太坊defi的很大一部分旨在利用怠速，固定的ETH的价值，该价值建立了大部分前期存储的价值。但是，在经济活动方面，价值通常不匹配。以太坊的Defi恢复的速度较慢，在最新的牛市期间，交易者对清算更加谨慎。

Solana currently has limited liquid staking and liquid re-staking, which is one of the biggest sources of DeFi liquidity. On the other hand, Solana carries $12.36B in stablecoins, which are actively used for

Solana目前的液体蒸发和液体重新制定有限，这是Defi流动性的最大来源之一。另一方面，Solana携带$ 12.36B的Stablecoins，可积极地用于