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Why did SOL stand out in this rebound?

Bitcoin finally rebounded. As an investor with anxiety, I worry about losing money when prices fall, and when they rise, I worry even more—worried that my coins haven't gained as much as others'. Speaking of which, I have to mention SOL. In this rebound, SOL has taken the lead, with an intraday increase of 8%. From the previous low of 67.3, the total rebound is nearly 30%. So why is SOL shining brightest in this rally? The answer can be found in the following three aspects:

1. Technical Advantages: Support from a High-Performance Public Chain

1. High Throughput and Low Fees: Solana achieves thousands of transactions per second (TPS) through its unique PoH (Proof of History) + PoS (Proof of Stake) consensus mechanism, far surpassing traditional public chains. The cost per transaction is extremely low, usually less than $0.00025, providing an economical and efficient solution for high-frequency trading scenarios such as DeFi liquidations and NFT minting.
2. Developer-Friendly Features: Supports multi-language smart contract development (especially Rust), lowering technical barriers and attracting developers worldwide to build applications. This technical characteristic makes Solana an ideal platform for real-time interactive scenarios in the Web3.0 era, such as gaming, metaverse, and high-frequency payments.

2. Funding Background and Institutional Recognition: Mainstream Capital Flows

1. Institutional Holdings Growth: Top financial institutions like Goldman Sachs have included SOL in their cryptocurrency ETF portfolios, significantly increasing their holdings and demonstrating professional capital’s confidence in Solana’s long-term value.
2. ETF Innovation: Canada has launched the world’s first spot SOL ETFs (such as 3iQ, Purpose), which hold tokens directly and participate in staking, providing investors with compliant, transparent on-chain yield channels. The US market has also introduced innovative products like REX-Osprey Solana & Staking ETF (ticker: SSK), further lowering investment barriers.
3. Ecosystem Fund Support: The Solana Foundation has established dedicated ecosystem funds to accelerate developer subsidies and node expansion, creating a positive cycle of “technology-ecosystem-capital.”

3. Capital Inflows and Ecosystem Prosperity: From Trading to Governance in Multiple Scenarios

1. DeFi and NFT Boom: The Solana ecosystem has gathered over 450 active DApps, with DeFi TVL (Total Value Locked) surpassing $8 billion, and platforms like Magic Eden averaging $20 million in daily NFT trading volume.
2. Developer Growth: The number of developers has surpassed Ethereum, with ecosystem projects growing by 217% year-over-year in 2024, forming diversified scenarios including finance, gaming, and social.
3. Application Scenario Expansion: SOL, as “digital fuel,” is widely used in smart contract payments, staking rewards, and on-chain governance voting. Its demand continues to grow with the ecosystem’s expansion.

Conclusion: Opportunities and Risks Coexist
The investment value of SOL is rooted in its technological generational gap and ecosystem vitality, but investors should remain cautious of regulatory changes and competition from Ethereum Layer 2 solutions. For investors seeking high growth and technological innovation dividends, SOL represents a crucial step in blockchain’s transition from “performance bottleneck” to “mainstream application.” Driven by ETFs and ecosystem funds, Solana is gradually realizing its vision of being the “digital settlement layer,” supporting long-term value.