This round will inevitably reach $20, the mission is certain to be accomplished. The logic is very simple: the entire cryptocurrency market, if locked, Ethereum is the giant. No matter how hard SOL tries, the on-chain ecological TVL in this round cannot compete with Ethereum. SOL mainly consists of many small projects. Although the returns on Ethereum are not high this time, Ethereum is relatively stable. The transition of Ethereum to PoS is a slow process towards decentralization. Looking at the history of the cryptocurrency market, DeFi has played a decisive role in the entire Ethereum ecosystem. However, this round has not produced significant projects like the last round's oracles or DeFi. The only one is the staking track LDO, which can also be understood as DeFi. If Ethereum doubles in the future, then the biggest focus will be on LDO, and the unlocking of LDO has basically been completed, with little selling pressure. Over the past 3 years, LDO has been relatively stable around $2. Once it stabilizes and breaks through $2, it indicates a strong consensus. When retail investors and institutions globally focus together, that will be the moment for this project to soar. $20 is not high as the largest DeFi in this round globally.
$LDO Currently, the largest DeFi in the world is LDO, which offers staking for coins on the Ethereum and SOL blockchains, becoming the number one ranked DeFi in the world.