Lily Liu, chairwoman of the Solana Foundation, stated that the current Crypto Assets industry has seriously deviated from its original intention, calling on the industry to “Make Crypto Cypherpunk Again.” (Background: Where does Lily Liu's dissatisfaction stem from regarding “a16z's bias against EVM!”?) (Additional context: What did SOL do right after surviving the crisis? A conversation with the foundation's chairwoman Lily Liu: What is Solana's next step?) In a post on the X platform this evening (17th), Lily Liu pointed out that the current Crypto Assets industry has seriously deviated from its original intention, calling for the industry to “Make Crypto Cypherpunk Again.” Please make crypto cypherpunk again We are in an age of corp chains, where companies with huge balance sheets and existing distribution can do things like wrap a single sequencer in robes of elaborate marketing, including heavy handed storytelling that decentralization doesn’t… — Lily Liu (@calilyliu) November 17, 2025 Has the era of corporate chains arrived? Lily Liu criticizes false decentralization marketing Lily Liu pointed out in her post that we are currently in an era dominated by “corp chains.” Companies with large funds and existing distribution channels can package a “single sequencer” into a glamorous decentralized narrative, even promoting that “decentralization is actually not important” or “this approach benefits L1,” which she bluntly stated are all “illogical propaganda.” She further criticized that the infrastructure of AppChain, driven natively by the Crypto Assets community (such as the Cosmos ecosystem, various L2 solutions), is being completely crushed by these corporations. Many projects, facing severe revenue shortages, even begin to convince themselves: “We can only transform into corporate chains.” Therefore, Lily Liu emotionally expressed that the passion ignited when she first read Satoshi Nakamoto's White Paper “Bitcoin: A Peer-to-Peer Electronic Cash System” was definitely not for the situation seen today. She believes this sentiment resonates with the vast majority of early Crypto Assets participants. Thus, she called for Crypto Assets to return to the spirit of Decentralization. The community reacted enthusiastically Lily Liu's call quickly drew attention and discussion from the Crypto community, with many members stating that Crypto Assets should indeed create unstoppable products, rather than becoming tools for brand promotion and competition. However, some expressed that in the current situation where Crypto Assets have been taken over by Wall Street capital, Lily Liu's current call seems somewhat pale, especially with the rise of various Digital Asset Treasury (DAT) companies, which is undoubtedly a performance directed by Crypto projects and capital giants, aimed only at letting retail investors catch a falling knife… Related reports Solana Company ($HSDT) Leader Joseph Chee: Collaborating with Pantera to create DAT 2.0, igniting a wave of institutional capital from East to West A token launch guide for Solana builders: I found the only platform that doesn't play people for suckers Trump’s Crypto project WLFI buys meme coins $1 as strategic reserves! Claiming to let USD1 dominate Solana <Lily Liu, chairwoman of the Solana Foundation, criticizes: corporate chains abandon the spirit of decentralization! Crypto Assets must return to cypherpunk> This article was first published in BlockTempo, the most influential Blockchain news media.
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