According to Odaily Planet Daily, Coin Bureau co-founder Nic Puckrin stated that there is still a long way to go before the 'altcoin season.' The spot trading volume in the altcoin market is still below the levels of January 2025 and March 2024. Some institutions have begun to increase their holdings of SOL, with DeFi Development Corp's SOL holdings surpassing $100 million, and SOL Strategies recently adding over 120,000 SOL. The number of new developers on the Solana chain has increased by 83% year-on-year, exceeding Ethereum. Currently, 65% of SOL is staked, and open interest is also rising.

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