my issues with SOL:
It's an L1 that relies on fundamentals, NOT hand wavey SoV bullshit or a kingmaker to bid it like ETH.
So it's bad that REV is down, and due to the jito BAM network, will prob not recover to highs this cycle
There's nothing people really want to trade on Solana other than shitters/memes, and the strong projects being built over there simply aren't getting the bid rn.
Sentiment is poor, but consider how poor ETH sentiment got and people kept calling for counter-trend rallies that kept failing. Very reminiscent.
Make no mistake, Solana is THE BEST all purpose L1, but I think the meat of the move for this cycle has happened, and the next serious leg up feels a couple of months away.
I would have a lot more LINK but it didn't come back to my buy area, maybe in Sept
I like pendle a lot but just can't bring myself to buy it/unsure it adds diversity to the folio over ena/hype. Similar story for aave.
ideally want to rotate some stuff to the likes of sol and sol eco in late Q4 if it feels right, otherwise not seeing any grand opps with respect to R:R that are highly liquid.
Just sit and ride out whatever happens is the plan for now.
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