Solana超过巨头：网络TVL超过整个以太坊2层生态系统

在一个充满承诺的加密货币市场中，索拉纳（Solana）施加了量化的现实。长期以来被视为弱者，区块链刚刚超越了几个重量级人物

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.

在加密货币市场的旋转涡流中，诺言是旋转和令牌舞蹈，以市场异想天开，索拉纳（Solana）分开了，编织了一个衡量进步和持续的韧性的故事。

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

Solana通常被视为区块链层次结构中的失败者竞争者，最近已经扩展了几个里程碑，在此过程中转移了通常的叙述。

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.

随着大多数L2努力维持其TVL，仲裁，乐观和基础，其集体价值将存放在第2层中降至90亿美元。但是，根据Defillama的最新数据，Solana现在已经超过了这个总数，据报道，TVL的109亿美元。

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.

这将Solana在领导者的链界指标方面定位，尽管后者与Binance直接整合，但仍将其置于BNB链之上。

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

这种进度将其推向了以太坊主网的直接竞争对手TVL的区块链中的第二名。

Solana Surpasses Giants : DeFi Thrives on the Network

Solana超过巨人：Defi在网络上蓬勃发展

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

这种势头显然是由Solana生态系统中几个关键应用的兴起所驱动的。在过去的30天中，我们观察到：

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.

这些数字反映了真正的采用，远远超出了趋势。通过吸引流动性，积极的投资者以及对DAPP的真正使用，Solana网络成为当下最具动态的偏见之一。

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.

这种增长在其本土协议的多样性的支持下，增强了长期以来一直批评其不稳定或过去中断的生态系统的信誉。现在，索拉纳（Solana）似乎结合了可扩展性，实际经济活动和弹性。

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

收入增加和链上势头：SOL的坚实基本面

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增长之外，另一个指标脱颖而出：网络费用产生的收入。在过去的30天中，索拉纳（Solana）赚了4,330万美元，比上个月增长了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.

根据Defillama的数据，该水平超过了同一时期（2490万美元）的以太坊（2,490万美元），接近Tron（5190万美元）。这样的数字表明，除了仅仅基金锁定之外，有效的网络使用情况，反映了Solana的经济活动的增加。

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供应量是固定的，这是高度降低市场上可用的流动性，并对资产的价格施加机械上下压力。

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 %.

同时，与SOL相关的衍生产品发送相当平衡的信号。永久合同的年化资金率为8％，分析师认为健康的水平在中性范围在5％至10％之间。

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

换句话说，长交易者并没有多付以维持自己的立场，这表明持续但中等的投机兴趣。

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.

这些数据虽然不能保证任何东西，但可以深入了解几种潜在的情况。一些分析师提到了在美国索拉纳ETF的可能性或在国家数字储备中包含的可能性，这些催化剂可以可持续增强资产的吸引力。

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.

其他人则押注网络上传统资产的令牌化，Solana的一个细分市场开始认真探索。尽管SOL价格的演变仍然取决于外部因素，但网络的当前基础似乎比以往任何时候都更加强大。