Ethena’s Seraphim Czecker says “Ethereum is Dead” and Outlined Plans to Bring $10B TVL
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Seraphim Czecker (ex-Lido, Ethena) joined the Solana Foundation as head of risk/special situations to close "mega deals" and accelerate crypto adoption. - He set a $10B TVL target for Solana (says he previously brokered $1–2B), aiming to drive DeFi, stablecoin and DEX/CEX integrations and fundraising; his public claim that Ethereum is 'dead' signals an aggressive growth and competition push with potential market impact on TVL and token adoption.
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- Former Lido and Ethena executive joins Solana Foundation aiming to drive $10B TVL growth.
- Claims Ethereum is dead and Solana can surpass stablecoin dominance soon.
- After spending years helping Ethereum build two protocols he criticizes its slow development approach.
Seraphim, who previously served as Growth Lead at both Lido Finance and Ethena, has officially joined the Solana Foundation in a role focused on risk and special situations. His arrival comes with a big target, a sharp tongue, and no shortage of confidence.
The Mission: $10 Billion in TVL
In his new role, Seraphim says his mandate is to close “mega deals that will drive max value” to the Solana ecosystem. His headline goal is bringing $10 billion in total value locked to Solana, a significant step up from the $1 to $2 billion in deals he says he has brokered previously. He is already reaching out to …
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