Why are VCs hesitant about Solana?

VCs may not dare to heavily invest in Solana.

Because its hotspots change rapidly, when new hotspots emerge, funds quickly withdraw from old projects and shift to new projects, resulting in projects often experiencing a 'one-wave flow', making it difficult to achieve sustainable growth.

From the perspective of market capitalization management and profitability, VCs need to maintain the stability of project market value, but achieving this goal in Solana is too costly.

In contrast, EVM-based public chains like BNB Chain and Base, although lacking natural buying pressure, also have less selling pressure, which is more conducive to insider capital control and maintaining market value stability.

In addition, the restrictions imposed by several leading exchanges on the listing channels for Solana are also an important factor for VCs' hesitation.