sol is in an interesting spot. some connected thoughts:
1) eth people despise it for a variety of reasons - it ate their lunch in terms of usage, UX, and price upside for nearly 2 years. eth is also due for a big leg up, which could be violent, provided the eth foundation/luminaries don't decide to gild the toilets of their 25th fox hunting estate
2) many very loud voices rotated some/all their sol out to HL, because like 2023 sol, it's easy to write a similar "look at this newer thing that works great and is undervalued" narrative, and they'd understandably *love* another "sol 20->200" trade (price illustrative, you get it)
3) other alt L1 people love trying to chip away at the sol hegemony
4) sol has real inflation concerns.
5) it's still, as of right now, unassailably the best general purpose L1, with transactions that feel instantaneous and free, stiff-arming anyone else from the possibility of a UX-driven 0 to 1 moment sol had over eth
6) it's astonishingly difficult to bootstrap organic usage of a general-purpose L1, and sol had a rare alignment of planets and was aided massively by FTX/SBF backing
7) PA-wise it'll be hard to top the president tweeting a sol CA, but if BTC legs up and alts pump a commensurate amount, it can get within striking range
8) There are infinite "cultural rot" anecdotes, but at the end of the day, solana is simply a blank canvas.
On balance, I'd say sol has moderately more detractors than its fundamentals suggest, and think there's a shot that it outpeforms where the avg sentiment barometer would lead you to guess.
oh and also, gyatmorning

144
14.64K
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.