The SOL ecosystem seems to have encountered a major crisis recently. Not only has it failed to keep up with the market's rise, all currencies are falling sharply, and the trading experience is very poor. The performance of some newly launched tokens is also unsatisfactory. Does this mean that Solana's bull market is over? As a fan of the SOL ecosystem, I think it is necessary to express some opinions.
background
1. SOL has become a base for high-quality MEME explosion
New MEME tokens such as WIF and BOME have emerged in the SOL ecosystem and are performing well. Old MEME tokens such as bonk have also made a lot of people rich. BN is also constantly launching new SOL ecosystem MEME tokens. Why? Because they are fresh, active and full of vitality.
2. SOL's local dogs are very active
If you are working on a dog-hunting project recently, you must be doing it on SOL. It can be said that if you treat dog-hunting as a serious matter in the cryptocurrency circle, you can still get rich returns. However, the pressure on the SOL chain is too great, resulting in frequent freezes and complaints. We will discuss this in detail later.
3. Strong support from major law firms
CB, BN, OE and other major exchanges have recently launched a large number of SOL ecological projects, which shows that SOL has broad prospects and huge development space. In addition, external projects have also migrated to the SOL chain, showing an intensifying trend.
Main black spots
1. Stuttering
The trading experience on the SOL chain is very poor. Not only is the DEX difficult to use, but sometimes even simple transfers cannot be carried out smoothly. This lag phenomenon is very annoying for players, and the performance of some projects has also been affected.
2. Bad User Experience
The poor user experience on the SOL chain has caused some people to question the prospects of SOL and sell their tokens. But we can also look at this issue from another angle: if there are many prosperous facilities on a piece of land and traffic is congested, although some people have moved away now, it does not mean that this piece of land has no development prospects. Problems have arisen, but they can be improved.
3. Project W’s performance is poor
The performance of the Wormhole project was shocking, with its market value falling directly below the top 50. This was mainly due to its high circulating market value and the impact of some airdrop projects on token prices.
Although the SOL ecosystem faces some challenges, these problems do not prove that SOL is doomed. The current price of SOL is around 137, and my personal goal is 1000. Even if you just play the SOL ecosystem, the bull market is enough for you to make a lot of money.
Believe in SOLANA, believe in the freshness and fun of the future.