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 of 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 the SOL holdings of DeFi Development Corp exceeding $100 million, and SOL Strategies recently increasing their holdings by over 120,000 SOL. The number of new developers on the Solana chain has grown by 83% year-on-year, surpassing Ethereum. Currently, 65% of SOL is staked, and open interest contracts are also on the rise.