SOL has shown strong performance recently, starting from a low of $124 in April and increasing by over 70% within five months, reaching a high of $202 at one point. However, with a certain overseas regulatory agency postponing the review of compliant products containing SOL to the end of October, market sentiment fluctuated again, and the price dropped by 3% on that day.

What truly supports the value is still the technological upgrades and ecological development. At the beginning of September, SOL completed the Alpenglow upgrade, significantly reducing transaction confirmation time from 13 seconds to 0.15 seconds, with a notable increase in throughput, and Gas fees stabilizing at a very low level. At the same time, a partial Gas burning mechanism was introduced, gradually forming a deflationary model, providing long-term support for the coin's price.

In terms of ecology, there are now over 3,200 projects on the SOL chain, with a total locked value in DeFi reaching $12.8 billion, a growth of 65% this year. The NFT sector has performed brilliantly, with more than 1.8 million transactions in July, and the total monthly transaction volume across the network surpassing 120 million, with ecological activity close to half that of Ethereum.

Despite facing short-term policy uncertainties, multiple institutions are still actively positioning themselves in SOL. Currently, key technical levels need attention: $202 serves as an important resistance, $195 as recent support, and $190 as the institutional cost line, with a potential deeper correction if it falls below.

In the long run, the SOL ecological fund continues to invest, with the number of developers increasing by 42% annually, and the valuation still at a relatively low level, providing space for value recovery. The results of the compliance review at the end of October will become a key short-term indicator.

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