$SOL
Strengths:
· High throughput: ~65,000 TPS, low fees (<$0.001)
· Strong ecosystem growth: DeFi, NFTs, memecoins, and infrastructure projects expanding
· Institutional interest: ETFs filed (VanEck, 21Shares), growing validator decentralization
· Technology improvements: Firedancer upgrade (2025) aims to boost scalability and reliability
Risks/Challenges:
· Past reliability: History of network outages (though improving recently)
· Centralization concerns: Validator concentration, over 50% stake held by insiders/VCs
· Competition: Rivals like Ethereum L2s, SEI, SUI, Monad competing for high-performance niche
· Regulatory uncertainty: SEC labeled SOL a security in past lawsuits
Catalysts to Watch:
· Firedancer mainnet launch (expected 2025)
· Potential ETF approval (late 2025/2026)
· Continued institutional adoption & real-world asset (RWA) projects
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