#加密市场季度观察 sol is on fire again. The issuance of the first Solana spot ETF in Canada (launched by 3iQ) marks further recognition of the Solana ecosystem by mainstream financial markets, significantly pushing its price to outperform Bitcoin and Ethereum in the short term. This event reflects the market's ongoing focus on high-performance public blockchain tracks (such as high throughput and low fees) and highlights the direct stimulating effect of institutional capital entering the crypto assets. However, Solana still needs to address network stability controversies and expand richer application scenarios to validate long-term value support and avoid over-expectation of short-term benefits.