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（Sol）根据21Shares的加密报告，已正式以2025年增长最快的1层区块链为领先优势，超过以太坊

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.

根据最新的21Shares Crypto报告，Solana（Sol）已在关键指标（尤其是开发人员活动）中悄悄地过去了以太坊，成为2025年增长最快的第1层区块链。

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.

这种出色的表现是由Solana在付款中的独特优势，分散的财务（DEFI）以及现在的人工智能（AI）集成所驱动的，因为Visa，Shopify，Stripe，Stripe，Paypal和First Digital等大型机构都在越来越多地解决STABLECOIN交易，并在Solana Ecosystemportions中越来越沉降。

Surprises in the Solana Ecosystem

Solana生态系统中的惊喜

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.

该报告对加密货币市场提供了更广泛的看法，还强调了令人惊讶的趋势，例如Solana的Stablecoin供应量同比同比增长600％，到2025年第1季度，现在超过120亿美元。

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

Stablecoins中的这种爆炸正在为Solana网络上的AI应用程序，付款和更广泛的Web3服务推动新用例。

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.

该报告确实承认一些风险，例如验证者集中化和最近终止交易费用燃烧。但是，作者认为，这些缺点超过了索拉纳的巨大增长潜力。

Solana Surpasses Both Coinbase and Ethereum in Transaction Volume

Solana在交易体积中超过了共插键和以太坊

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.

报告指出，在2025年的前两个月中，Solana的交易量已经超过Coinbase和以太坊。索拉纳（Solana）拥有超过1亿个月活跃用户，拥有闪电般的性能（在不到一秒钟内实现终结性），超低费用低于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.

主要的机构参与者并没有注意到这种出色的表现。 Visa，Shopify和Stripe正在积极解决SOL的Stablecoin交易，而PayPal和First Digital据报道持有超过1亿美元的Solana本地资产。

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同比飙升了600％，截至2025年第1季度，现已超过120亿美元。StableCoins中的这种爆炸反映了Solana在AI应用程序，付款，付款和更广泛的Web3服务方面的效用。

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.

该报告确实涉及诸如验证者集中化和最近终止交易费用燃烧之类的问题。但是，作者认为，这些风险超过了索拉纳的增长潜力。

Undervalued? Price Models See SOL Hitting $1,800

被低估了？价格模型请参阅SOL达到$ 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使用折扣现金流模型估计，根据网络采用和使用扩展，Solana的公允价值在520至1,800美元之间。该估计是加密货币当前交易范围的重要倍数，该范围接近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.

该报告还强调，如果Solana甚至要占据以太坊市值的一半，它将继续占主导地位，AI和机构一体化，最终巩固了其作为顶级1层链的位置。