Solana is going head-to-head with HYPE, the new battleground for on-chain US stocks has begun!

HYPE has surged, market capitalization has exceeded 10 billion, and on-chain data is skyrocketing, instantly drawing the market's focus. However, Solana founder Yakovenko calmly responds: it's not about TVL, not about gimmicks, focusing on performance and user experience is the key to being a long-term winner.

Recently, HYPE reached a peak of $36, driven by a surge in interest from US institutions in on-chain derivatives, with TVL, trading volume, and open contracts all hitting record highs, and some teams have even submitted regulatory applications, preparing to take on traditional finance.

But the hype comes at a cost - a whale playing leveraged short on HYPE reportedly lost $23.5 million. This battle of 'high performance vs. high volume' is no longer just a price competition, but the ultimate race for the future of financial infrastructure.

Solana emphasizes stability and scalability, with the Firedancer and Nasdaq collaboration gradually advancing; while HYPE is throwing a combination punch through regulatory engagement and user growth.