Solana Foundation’s Liu urges refocus on finance as crypto slides and narratives narrow

Liu’s remarks come as cryptocurrencies plunge and other industry leaders are narrowing their own visions for blockchain utility. What to know : Blockchains should refocus on their original purpose: finance, Solana Foundation President Lily Liu wrote on X Thursday, rejecting years of narratives that attempted to frame the technology as a generalized replacement for the modern internet. Liu, who will be speaking at Consensus Hong Kong next week, was particularly dismissive of past efforts to push blockchains into gaming and broad “web3” consumer narratives, calling them intellectually lazy and overly reliant on marketing rather than genuine market creation.