How I Accidentally Sybil’d an Entire Blockchain (and What I Learned)
April 19th, 2025

Hey, I’m Dylan.

Yes, that Dylan.

The one from Saber. The one who allegedly created a small army of pseudonymous developers and accidentally (okay, maybe not accidentally) inflated Solana’s TVL by several billion dollars. Also known as: “That Guy Who Speedran DeFi Like It Was Elden Ring.”

Let’s talk about it.

Chapter 1: The Year Was 2022

Solana was booming. Everyone was building. The vibes were immaculate. The fees were low. The TPS was high. The serotonin was even higher.

I had one goal: bootstrap the most composable DeFi ecosystem ever.

So I wrote some code. Then I wrote more code. Then I made a few projects. Then I thought, wait... what if all these protocols talked to each other? And then I thought, what if they looked like they were made by different teams to show how composable Solana is?

Spoiler: they were all me. And my brother. And me again, under different names.

Chapter 2: “Sybil Attack” Sounds So Aggressive

People called it a “Sybil attack.”

I called it: one very enthusiastic guy with a keyboard and no sleep schedule.

Sure, I used multiple dev names. But not to deceive — to demonstrate what was possible when everything is open-source and built to interoperate. Was it transparent? Not really. Was it effective? Uh… $7.5B in TVL says yes.

(Shoutout to all the dashboards that unknowingly helped me cook.)

Chapter 3: Mistakes Were Made (Also, Memes)

In hindsight, yeah — I should’ve told people what I was doing. Turns out, when you write half the ecosystem and pretend it's a vibrant community, people notice.

Also, I’ve learned that most ecosystems don’t love it when their top projects turn out to be all coming from the same laptop.

Oops.

Chapter 4: What I’d Do Differently

  • Be transparent about who’s building what.

  • Focus more on sustainable protocols, not just flashy ones.

  • Sleep more.

  • Use fewer Discord burner accounts.

  • Maybe just publish under my real name once in a while.

Chapter 5: So… Why Am I Back?

Because I still love crypto.

Because I still believe in Solana.

Because I believe you can own your past and still have a future.

Also, because I miss the dopamine hit of shipping something wild and watching Twitter implode for 36 hours.

Final Thoughts

Was I a villain? A visionary? Just a really tired dev in a bull market?

Depends who you ask.

But what I am now is someone who’s learned a lot, laughed a bit, and is ready to build again — for real this time. Fewer names, more impact. Maybe even some docs.

p.s. I launched something dumb again on Solana. Just for the vibes. It’s called $TVL — Total Vibes Locked. Every trade is a tribute to the chaos we built. Inflate responsibly.

– 0xghostchain Ian Dylan Sunny Surya Khosla Saber Cashio Macalinao

Subscribe to Dylan Macalinao
Receive the latest updates directly to your inbox.
Mint this entry as an NFT to add it to your collection.
Verification
This entry has been permanently stored onchain and signed by its creator.
More from Dylan Macalinao

Skeleton

Skeleton

Skeleton