solana's approach to ecosystem building doesn't work because the bigger a project becomes, the stronger their incentive is to leave the chain. This sends the ecosystem to zero in the long term since they will only be able to retain the worst projects colosseum incubated and not the moonshots (Not bullish on pump or any solana projects personally). It's an issue of basic human incentives. Once projects reach a certain scale, they naturally (and very validly) question why they should allow solana to capture and monetize their orderflow through priority fees when they could retain that value themselves. Another big problem is when a project relies on a counterparty (solana) that doesn't even have MCL live to ship their own products. This is extra execution risk that isn't even in your control (bearish solana, no project wants this) An extra problem with building on solana is that your token's TAM is constrained by solana's token market fit (This probably won't be the case in a couple years, but now it's pretty much a thing). This is not looking good for most smartcontract platform's. Performance, which I guess is their main selling point, is just a commodity now. Why tunnel vision building only on solana as a serious builder? The lifestyle of a colosseum project should be something like the following: Get incubated -> Bullish stage, everyone's happy here because the relationship is quite symbiotic. Project's need to raise and solana needs ecosystem projects to raise to make it look like they're succeeding. Both parties benefit Projects start building their own relationships in the industry and realize that they might not need Solana. Some of these projects, especially the ones that have gained traction with investors, will realize that if they build on Solana, they'll always be capped by the success of the chain's token in a way and face extra execution risk. If the chain does badly, they'll do badly Bad projects that have no momo w/o solana will just remain on solana, so the chain experience won't be particularly interesting. They'll just retain the 'worst' projects It's quite funny because it very much mirrors Solana's evolution. Solana was in bed with FTX, which is stain on the industry but they've slowly pivoted away from this association. You can also see this phenomenon on web2 incubators. The more a product is successful, the less important it is if it's a YC company or not. Same thing applies for solana. No serious entrepreneur wants someone else to capture significant upside on their project unless they get something very tangible in return. I guess for Solana this is early stage support, which works if they were an incubator but doesn't really work if they're a blockchain with a token solana is the next scroll, DeGods won't be the only project to leave (Mosi is just bearish integrated chains don't take it personally everyone)