Pumpfun is the biggest cancer for the price of SOL, sell as soon as you make a profit, no wonder SOL's price performance has been mediocre this year. The SOL project team probably needs to support other platforms to constrain it; success and failure both come from the same source! I hope Solana can support Raydium's launch platform Lanchlab to counter Pumpfun. The Ray project team and SOL have aligned interests, but they have been continuously buying back and destroying RAY after making profits, which shows a completely different pattern.

It has been a long time since I discussed Solana in detail; its staking market value has recently surpassed Ethereum, becoming the blockchain with the highest staking market value. On the surface, this indicates that Solana is currently leading in economic security.

Solana's TVL has soared from less than $1 billion at the end of 2023 to a historic high of over $15 billion at the beginning of 2025. Although the TVL has slightly retreated since then, it remains stable around $10 billion and demonstrates strong market resilience.

From last year's public chain total fee ranking, Solana ranks as the third largest L1 blockchain in terms of transaction fees, and the gap with Ethereum is very small, which again reflects the high activity and strong market demand on this network.

The probability of Solana's spot ETF approval is very high. According to the current prediction on the Polymarket platform, the probability of approval in 2025 is 77%. The approval of the ETF will further recognize SOL as an investable asset, and this regulatory recognition is expected to open up new participation channels for institutional and retail investors, attracting more incremental funds into the Solana ecosystem.

Sister Bei believes that for long-term investors, SOL is still one of the best investment opportunities. Most people are still underestimating Solana, isn't that a good thing?