Solana Chain Potential Currency Analysis: Opportunities for Ray, JTO, and WIF
1. Raydium (Ray): As the leading DeFi protocol on the Solana chain, Ray accounts for over 50% of the transaction volume on the chain. Its importance is comparable to UniSwap on Ethereum.
Comparison Data: Ray's weekly transaction volume is close to that of Uni, but its market cap is only about 3 billion USD, while Uni's market cap has surpassed 10 billion. TVL has also reached half of Uni's.
This indicates that there is a significant room for catch-up for $RAY . Buying the dip in Ray is a good choice, and its long-term potential should not be overlooked.
2. JTO: The new star of liquid staking on Solana, JTO focuses on liquid staking on the Solana chain, with an annualized yield of up to 11%. The TVL has reached 3.5 billion USD, making it an important cornerstone of the Sol ecosystem. Recently, $JTO proposed:
Distribution Proposal: Distributing a portion of the protocol's income to Sol stakers, with monthly protocol revenue of 194 million USD, and 0.15% of the income will be returned to users.
The proposal has not yet been approved, but market expectations are strong. If BTC retraces to around 87,500 USD, it would be a good time to accumulate JTO. Once the proposal is approved, a significant rally is expected, at which point it can be sold at a high.
3. WIF: The leading meme coin on the Solana chain, $WIF is a typical “intermittent explosive” currency, usually low-key, but can surge 1-2 times once it explodes. Currently, it is in a retracement phase, making it a good opportunity to accumulate spot.
Personally, I entered at an average price of 2.3 USD and cleared at 4.633 USD. I currently plan to place staggered low orders at 2.5-3 USD.