Since the end of January, the cryptocurrency market has been on a downward trend, but recently the Solana ecosystem has shown new upward momentum, attracting attention. As a powerful layer-one blockchain, Solana is in a strong development phase.
In terms of network stability, Solana has not experienced any interruptions since February 2024, with improved uptime, enhancing trust and reliability. Regarding decentralization, the Bitcoin coefficient is 21. Although there is currently only one validator client, two independent clients are being developed, which will enhance decentralization once launched.
Solana's SOL staking market cap has surpassed Ethereum, becoming the blockchain with the highest staking market cap. Developer activity metrics indicate that in 2024, Solana has become the preferred ecosystem for new developers. On-chain activity has also significantly increased, with TVL stabilizing around $10 billion after reaching a historical high, while the stablecoin market cap has reached $13.2 billion, and transaction fees rank as the third largest among L1 blockchains.
Solana's DeFi ecosystem is maturing, becoming the second largest Layer 1 blockchain by TVL, with a new wave of DeFi primitives emerging. Meanwhile, DePIN is rising, with 46.5% of the total market cap concentrated on the Solana blockchain. Breakthroughs have also occurred in consumer applications, attracting top talent to Solana, making it the most supportive platform.
Solana boasts a strong community that has become more resilient through trials. Institutional interest in Solana is also growing, as BlackRock's BUIDL fund expands to Solana, and it has a higher probability of being approved for a spot ETF.
After experiencing fluctuations, the SOL price has rebounded strongly, with a highly explosive medium to long-term outlook. The development prospects for Solana are bright, making it one of the best investment opportunities for those who have been long-term followers of cryptocurrency; most people currently still hold an undervalued view on it. #美国加征关税 $BTC
