由於競爭日益增長的競爭和網絡漏洞，Solana的（SOL/USD）迅速上升，因為高性能區塊鏈受到抑制

分析強調了諸如競爭對手第1層和第2層網絡，有限的權力下放以及對投機交易的依賴，這是索拉納統治地位的關鍵風險。

Solana's (CRYPTO: SOL) rapid ascent as a high-performance blockchain, marked by a staggering 30 days return of 80% for SOL/USD and a staggering $364 billion transaction volume in early 2025, has slowed, according to a new 21Shares report.

根據新的21Shares報告，Solana的（加密：SOL）的快速上升為高性能區塊鏈，標誌著SOL/USD的30天回報率驚人的30天回報率為80％，而2025年初的3640億美元交易量已放緩。

What Happened: The analysis attributes this slowdown to several key challenges facing the network, including:

發生的事情：分析將這種放緩歸因於網絡面臨的幾個關鍵挑戰，包括：

Rival Layer 1 and Layer 2 networks are presenting a growing competitive threat due to their strong technical performance and increasing adoption. For instance, Layer 2 solutions like Base and newer Layer 1 networks such as Sui (SUI/USD), TON (TON/USD), and Monad are posing a significant threat to Solana's dominance.

競爭對手第1層和第2層網絡由於其強大的技術性能和提高的採用而呈現競爭威脅的日益增長。例如，第2層解決方案（例如基本和較新的第1層網絡），例如SUI（SUI/USD），TON（TON/USD）和MONAD，對Solana的主導地位構成了重大威脅。

With only 1,314 validators, Solana pales in comparison to Ethereum's 1,064,480 validators, raising concerns about decentralization. To improve decentralization, Solana may need to reduce the cost of onboarding validators, which could be achieved through foundation subsidies.

與以太坊的1,064,480個驗證者相比，Solana只有1,314個驗證器，引起了人們對權力下放的擔憂。為了改善權力下放，Solana可能需要降低入門驗證者的成本，這可以通過基礎補貼來實現。

The network's heavy reliance on meme coins is evident in the staggering $30 billion DEX volume generated during a 48-hour frenzy. This volume was largely driven by President Donald Trump's Official Trump (TRUMP/USD) token, highlighting the potential for volatility in crypto.

在48小時瘋狂期間產生的驚人的300億美元的DEX量中，該網絡對模因硬幣的嚴重依賴是顯而易見的。這一卷很大程度上是由唐納德·特朗普（Donald Trump）的官方特朗普（特朗普/美元）代幣驅動的，強調了加密貨幣中波動的潛力。

To diversify network usage and reduce reliance on speculative trading, the foundation and related venture capital firms are investing in more fundamentally sound sectors, such as DePIN and AI.

為了使網絡使用多樣化並減少對投機性交易的依賴，基金會及相關風險投資公司正在投資於更根本的聲音領域，例如迪普林和AI。

Past network outages, though reduced, remain a concern. Further resilience can be achieved by accelerating the development and adoption of alternative validator clients, such as FireDancer.

過去的網絡中斷雖然減少了，但仍然是一個問題。通過加速替代驗證者客戶（例如Firedancer）的開發和採用，可以實現進一步的彈性。

Solana's ecosystem is well-equipped, boasting partnerships with major brands like Visa (NYSE:V), PayPal (NASDAQ:PYPL), and Shopify (NYSE:SHOP), a throughput of 3,000 transactions per second, and a stablecoin supply of $12 billion.

Solana的生態系統設備齊全，與簽證（NYSE：V），PayPal（NASDAQ：PYPL）和Shopify（NYSE：SHOP）等主要品牌建立合作夥伴關係，每秒3,000次交易的吞吐量，以及穩定的120億美元供應。

However, competitors like Sui, with its minimal transaction fees of $0.006, and TON, with its integration into Telegram, are presenting stiff competition.

但是，像Sui這樣的競爭對手，其最低交易費用為0.006美元，而Ton和Ton和Telegram融入電報的競爭者正在呈現激烈的競爭。

At a lower discount rate, the report predicts a potential 1080% upside for SOL's price, which could reach up to $1,000.

該報告以較低的折現率預測，SOL的價格可能有1080％的上漲空間，最高可達1,000美元。

However, this optimism is tempered by the realization that at a higher discount rate, reflecting risks like inflation and network outages, SOL's price converges to around $400.

但是，這種樂觀情緒是因為人們意識到以更高的折現率，反映了通貨膨脹和網絡中斷等風險，Sol的價格收斂到400美元左右。

This analysis provides a comprehensive overview of the factors influencing Solana's performance and the potential for further gains or setbacks in the coming period. As the cryptocurrency market continues to evolve rapidly, understanding these dynamics is crucial for informed investment decisions.

該分析概述了影響Solana表現的因素，並有可能在未來時期獲得進一步的收益或挫折。隨著加密貨幣市場繼續迅速發展，了解這些動態對於明智的投資決策至關重要。