21shares說

（Sol）根據21Shares的加密報告，已正式以2025年增長最快的1層區塊鍊為領先優勢，超過以太坊

Solana (SOL) has quietly surged past Ethereum in key metrics, notably developer activity, to become 2025’s fastest-growing Layer 1 blockchain, according to the latest 21Shares State of Crypto report.

根據最新的21Shares Crypto報告，Solana（Sol）已在關鍵指標（尤其是開發人員活動）中悄悄地過去了以太坊，成為2025年增長最快的第1層區塊鏈。

This stellar performance is being driven by Solana’s unique strengths in payments, decentralized finance (DeFi), and now, even artificial intelligence (AI) integrations, as large institutions like Visa, Shopify, Stripe, PayPal, and First Digital are increasingly settling stablecoin transactions and deploying capital in the Solana ecosystem.

這種出色的表現是由Solana在付款中的獨特優勢，分散的財務（DEFI）以及現在的人工智能（AI）集成所驅動的，因為Visa，Shopify，Stripe，Stripe，Paypal和First Digital等大型機構都在越來越多地解決STABLECOIN交易，並在Solana Ecosystemportions中越來越沉降。

Surprises in the Solana Ecosystem

Solana生態系統中的驚喜

The report, which offers a broader view of the crypto market, also highlights surprising trends like a 600% year-over-year increase in Solana’s stablecoin supply, now exceeding $12 billion by Q1 2025.

該報告對加密貨幣市場提供了更廣泛的看法，還強調了令人驚訝的趨勢，例如Solana的Stablecoin供應量同比同比增長600％，到2025年第1季度，現在超過120億美元。

This explosion in stablecoins is fuelling new use cases across AI applications, payments, and broader Web3 services on the Solana network.

Stablecoins中的這種爆炸正在為Solana網絡上的AI應用程序，付款和更廣泛的Web3服務推動新用例。

The report does acknowledge some risks, such as validator centralization and the recent termination of transaction fee burns. However, the authors maintain that these drawbacks are outweighed by Solana’s massive growth potential.

該報告確實承認一些風險，例如驗證者集中化和最近終止交易費用燃燒。但是，作者認為，這些缺點超過了索拉納的巨大增長潛力。

Solana Surpasses Both Coinbase and Ethereum in Transaction Volume

Solana在交易體積中超過了共插鍵和以太坊

In just the first two months of 2025, Solana's transaction volume already surpasses both Coinbase and Ethereum, the report notes. With over 100 million monthly active users, Solana boasts lightning-fast performance—achieving finality in under a second—and ultra-low fees of less than $0.01.

報告指出，在2025年的前兩個月中，Solana的交易量已經超過Coinbase和以太坊。索拉納（Solana）擁有超過1億個月活躍用戶，擁有閃電般的性能（在不到一秒鐘內實現終結性），超低費用低於0.01美元。

This stellar performance has not gone unnoticed by key institutional players. Visa, Shopify, and Stripe are actively settling stablecoin transactions on SOL, while PayPal and First Digital reportedly hold over $100 million in Solana-native assets.

主要的機構參與者並沒有註意到這種出色的表現。 Visa，Shopify和Stripe正在積極解決SOL的Stablecoin交易，而PayPal和First Digital據報導持有超過1億美元的Solana本地資產。

Furthermore, Solana's stablecoin supply has surged 600% year-over-year, now sitting at over $12 billion as of Q1 2025. This explosion in stablecoins reflects the rising utility of Solana for AI applications, payments, and broader Web3 services.

此外，Solana的Stablecoin Supply同比飆升了600％，截至2025年第1季度，現已超過120億美元。 StableCoins中的這種爆炸反映了Solana在AI應用程序，付款，付款和更廣泛的Web3服務方面的效用。

The report does flag concerns like validator centralization and the recent termination of transaction fee burns. However, the authors argue that these risks are outweighed by Solana's growth potential.

該報告確實涉及諸如驗證者集中化和最近終止交易費用燃燒之類的問題。但是，作者認為，這些風險超過了索拉納的增長潛力。

Undervalued? Price Models See SOL Hitting $1,800

被低估了？價格模型請參閱SOL達到$ 1,800

Using a discounted cash flow model, 21Shares estimates Solana's fair value to be between $520 and $1,800, depending on network adoption and usage expansion. This estimate is a significant multiple of the cryptocurrency's current trading range, which is closer to $150.

21shares使用折扣現金流模型估計，根據網絡採用和使用擴展，Solana的公允價值在520至1,800美元之間。該估計是加密貨幣當前交易範圍的重要倍數，該範圍接近150美元。

The report also highlights that if Solana were to capture even half of Ethereum's market cap, it would continue to dominate in payments, AI, and institutional integrations, ultimately solidifying its place as a top-tier Layer 1 chain.

該報告還強調，如果Solana甚至要佔據以太坊市值的一半，它將繼續占主導地位，AI和機構一體化，最終鞏固了其作為頂級1層鏈的位置。