#Solana生态发展 Looking back at the past, I witnessed the growth of Solana from nothing to something. Now, with institutions like Fidelity, Canary Marinade, 21Shares, and VanEck successively launching Solana ETFs, this ecosystem has reached a new milestone. I remember when Solana was just starting out, many people were skeptical about its ability to become a strong competitor to Ethereum. But today, the cumulative fundraising for Solana ETFs has reached $2 billion, with funds flowing in almost every day, which is quite remarkable in the current "extreme fear" market environment.

This reminds me of the excitement when Bitcoin futures were launched in 2017. At that time, major institutions were rushing to introduce related products, and the market was thriving. However, what followed was nearly two years of a bear market. History tends to repeat itself, which makes me wary: are we repeating the same mistakes?

However, unlike in the past, the current crypto market has become more mature. The flourishing development of the Solana ecosystem, coupled with the favor of institutional investors, may signify a new stage of development. But we must remain clear-headed: excessive optimism could lead to a bubble, while excessive pessimism might result in missed opportunities.

In this rapidly changing industry, maintaining balance and observing cautiously is the way to survive in the long term. Let's wait and see if Solana can create a new situation in this wave of ETF.