Solana超過巨頭：網絡TVL超過整個以太坊2層生態系統

在一個充滿承諾的加密貨幣市場中，索拉納（Solana）施加了量化的現實。長期以來被視為弱者，區塊鏈剛剛超越了幾個重量級人物

In the swirling vortex of the crypto market, where promises are spun and tokens dance to the tune of market whims, Solana stands apart, weaving a tale of measured progress and persistent resilience.

在加密貨幣市場的旋轉渦流中，諾言是旋轉和令牌舞蹈，以市場異想天開，索拉納（Solana）分開了，編織了一個衡量進步和持續的韌性的故事。

Often viewed as an underdog contender within the blockchain hierarchy, Solana has recently scaled several milestones, shifting the usual narrative in the process.

Solana通常被視為區塊鏈層次結構中的失敗者競爭者，最近已經擴展了幾個里程碑，在此過程中轉移了通常的敘述。

As the majority of L2s struggle to maintain their TVL, Arbitrum, Optimism and Base saw their collective value deposited in layer-2s fall to $9 billion. However, according to the latest data from DefiLlama, Solana has now surpassed this aggregate figure, with a reported $10.9 billion in TVL.

隨著大多數L2努力維持其TVL，仲裁，樂觀和基礎，其集體價值將存放在第2層中降至90億美元。但是，根據Defillama的最新數據，Solana現在已經超過了這個總數，據報導，TVL的109億美元。

This positions Solana among the leaders in terms of on-chain metrics, placing it above BNB Chain despite the latter’s direct integration with Binance.

這將Solana在領導者的鏈界指標方面定位，儘管後者與Binance直接整合，但仍將其置於BNB鏈之上。

Such progress propels it to the second place among blockchains by TVL, a direct competitor to Ethereum mainnet.

這種進度將其推向了以太坊主網的直接競爭對手TVL的區塊鏈中的第二名。

Solana Surpasses Giants : DeFi Thrives on the Network

Solana超過巨人：Defi在網絡上蓬勃發展

This momentum is notably driven by the rise of several key applications in the Solana ecosystem. Over the last 30 days, we observe :

這種勢頭顯然是由Solana生態系統中幾個關鍵應用的興起所驅動的。在過去的30天中，我們觀察到：

These figures reflect a genuine adoption, far beyond passing trends. By attracting liquidity, active investors, and real use of its DApps, the Solana network stands out as one of the most dynamic DeFi hubs of the moment.

這些數字反映了真正的採用，遠遠超出了趨勢。通過吸引流動性，積極的投資者以及對DAPP的真正使用，Solana網絡成為當下最具動態的偏見之一。

This growth, supported by the diversity of its native protocols, strengthens the credibility of an ecosystem long criticized for its instability or past outages. Solana now appears to combine scalability, real economic activity, and resilience.

這種增長在其本土協議的多樣性的支持下，增強了長期以來一直批評其不穩定或過去中斷的生態系統的信譽。現在，索拉納（Solana）似乎結合了可擴展性，實際經濟活動和彈性。

Revenue Increase and On-Chain Momentum : Solid Fundamentals for SOL

收入增加和鏈上勢頭：SOL的堅實基本面

Beyond TVL growth, another indicator stands out: revenue generated from network fees. Over the last 30 days, Solana has earned $43.3 million, a 109% increase compared to the previous month.

除了TVL增長之外，另一個指標脫穎而出：網絡費用產生的收入。在過去的30天中，索拉納（Solana）賺了4,330萬美元，比上個月增長了109％。

This level surpasses Ethereum for the same period ($24.9 million), and is close to Tron ($51.9 million) according to DefiLlama data. Such figures indicate effective network usage beyond mere fund locking, reflecting a rise in economic activity on Solana.

根據Defillama的數據，該水平超過了同一時期（2490萬美元）的以太坊（2,490萬美元），接近Tron（5190萬美元）。這樣的數字表明，除了僅僅基金鎖定之外，有效的網絡使用情況，反映了Solana的經濟活動的增加。

Also, 65 % of the SOL supply is currently staked, a high rate that reduces the liquidity available on the market and exerts mechanical upward pressure on the asset’s price.

此外，目前有65％的SOL供應量是固定的，這是高度降低市場上可用的流動性，並對資產的價格施加機械上下壓力。

Meanwhile, derivative products tied to SOL send rather balanced signals. The annualized funding rate of perpetual contracts stands at 8 %, a level considered healthy by analysts as it falls within a neutral range between 5 % and 10 %.

同時，與SOL相關的衍生產品發送相當平衡的信號。永久合同的年化資金率為8％，分析師認為健康的水平在中性範圍在5％至10％之間。

In other words, long traders aren’t overpaying to maintain their positions, which indicates sustained but moderate speculative interest.

換句話說，長交易者並沒有多付以維持自己的立場，這表明持續但中等的投機興趣。

These data, while not guaranteeing anything, provide insight into several potential scenarios. Some analysts mention the possibility of a Solana spot ETF in the United States or inclusion in state digital reserves, catalysts that could sustainably strengthen the asset’s attractiveness.

這些數據雖然不能保證任何東西，但可以深入了解幾種潛在的情況。一些分析師提到了在美國索拉納ETF的可能性或在國家數字儲備中包含的可能性，這些催化劑可以可持續增強資產的吸引力。

Others bet on tokenization of traditional assets on the network, a segment Solana is beginning to explore seriously. While the evolution of the SOL price remains dependent on external factors, the network’s current foundations seem more robust than ever.

其他人則押注網絡上傳統資產的令牌化，Solana的一個細分市場開始認真探索。儘管SOL價格的演變仍然取決於外部因素，但網絡的當前基礎似乎比以往任何時候都更加強大。