In a debate about decentralized money markets, the founder of Aave, Alex Svanevik, questioned the absence of Aave on Solana and pointed out that Aave's total value locked (TVL) is nearly 10 times larger than Solana's largest money market protocol, Kamino. Lily Liu, president of the Solana Foundation, defended Kamino as a better product and mentioned that metrics today may not be the same in the future. Mats Olsen, co-founder of Dune, suggested opening Solana to Aave instead of comparing applications. Stani Kulechov, founder of Aave's mother group Avara, criticized Solana's DeFi ecosystem, and Liu explained her bias towards "homegrown" applications. Anatoly Yakovenko, co-founder of Solana Labs, compared the revenue of the applications, with Kamino generating $52 million in annualized revenue compared to Aave's $126.3 million. Kulechov argued that the revenue difference is due to Kamino taking a bigger cut from users' fees. Aave's founder suggested that the lack of competition on Solana may be impacting users.



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