Liquidity Differentiation: Insights from the Solana ETF

Solana staking ETF has passed, but the market response is tepid, indicating a change in capital preferences: more pragmatic and more cautious. In the future, projects that can withstand cycles will inevitably have actual returns (such as staking, real yields) or technological breakthroughs (such as increased Layer2 adoption, modular blockchain). For example, Ethereum's Dencun upgrade has driven down L2 transaction fees by 80%-90%; such fundamental improvements are the basis for long-term positioning, away from pure narrative hype.