Now dominant in crypto, Solana community gathers in Istanbul

Solana Crossroads kicked off today in Istanbul, and Solana builders decamped from around the world to Turkey

article-image

Solana and AlexAnton/Shutterstock and Adobe modified by Blockworks

share

This is a segment from the Lightspeed newsletter. To read full editions, subscribe.


One of the best parts of traveling is getting to meet new people, unless you’re traveling to a crypto conference. 

Solana Crossroads kicked off today in Istanbul, so a number of Solana builders decamped from New York and San Francisco to sip stale coffee halfway around the world while talking with the same people they see at Solana events in New York and San Francisco. Many attendees stopped by the Step Finance-sponsored community conference on their way to Dubai for TOKEN2049 next week before shipping off to New York City for Solana Accelerate in May.

Crypto itself may still be struggling to find product-market fit, but crypto conferences seem to have inelastic demand. 

After a year of explosive growth for Solana, Crossroads attendees didn’t seem too concerned with other ecosystems. Some complained that the yearly Ethereum conference ETHDenver talked too much about Solana and other ecosystems. At Crossroads, it almost felt like those other smart contract ecosystems didn’t exist. 

Solana teams hawked their wares on the conference’s expo floor. I held a prototype of the Solana Seeker phone. It wasn’t production-ready, so all I could really do was look at a promotional display on the screen, but I can now vouch for the fact that its casing exists, at least. 

The internet filtering startup DoubleZero had some conference buzz. One Solana founder said market makers offered up their connection with the network as a way to pitch their services. 

I caught DoubleZero co-founder Austin Federa near the media room and asked him some vague question about the state of high-throughput blockchains.

“Imagine if the sun disappeared,” he began before explaining the importance of being able to broadcast data.

While Crossroads is filled with many of the usual suspects, a number of locals showed up as well. 

“I’ve been impressed with frankly just the number of local Turkish people who’ve shown up,” Framework Ventures partner Brandon Potts said. “A lot of the conversations with locals I’ve had are just practical ones around stablecoins and like, ‘Hey … which one should I hold?’”

I chatted with a Turkish Solana developer who filled me in on the history of the land. He told me that coins were invented in Lydia, an ancient kingdom located in modern day Turkey. His father collects coins, he added.

“You collect coins, too. Shitcoins,” his friend shot back.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

Research Report Templates.png

Research

Ethena Labs is leaping from its flagship synthetic dollar, USDe, to a full product suite—USDtb, iUSDe, and the Arbitrum-based Converge Chain—designed to marry crypto-native yields with TradFi-grade compliance. Our analysis shows how expanding into CME, ETF options, and tokenized Treasuries could lift protocol revenue from sub-$500 million in a bear case to several billion dollars if favorable regulation and institutional adoption align.

article-image

Around 150 Solana validators would lose their foundation stake under the new rule, perBlockworks Research estimates

article-image

The official website promoting a “Dinner with President TRUMP” pitches the opportunity as “The most EXCLUSIVE INVITATION in the World”

article-image

The discussion draft is expected to be released by the end of the month

article-image

“It pushes the entire stablecoin ecosystem forward,” said a Coinbase representative

article-image

It might be time to get out of US-denominated assets, writes Forward Guidance