ChainCatcher message, Solana co-founder Toly stated that the virtual machine (VM) is not important until it starts to slow down system speed.
He pointed out that there are only about 6 main programs in crypto projects: tokens, NFTs, oracles, AMMs (automated market makers), bonding curves, and order books (CLOB). He further emphasized that due to the complexity of these programs, the interface is actually a net burden.