A #Nansen report run down.
#Solana 's #SOL has seen a significant price increase this year, distancing itself from the #ftx incident. The Nansen research report, "Solana: Past, Present, and Future," highlights crucial aspects:
**Key Points:**
**Benefits:**
- Solana's Total Value Locked (TVL) has nearly doubled in 2023, reaching 30.95M SOL, demonstrating resilience.
- Solana has implemented solutions like state compression, reducing NFT minting costs significantly.
- Mobile staking, led by projects like Marinade Finance, is growing, with substantial untapped potential.
- Enterprise adoption and payment channel interest is increasing, with notable partnerships.
**Risks:**
- Price volatility remains a concern.
- Network downtime could damage Solana's reputation.
- Bridging infrastructure and native assets need improvement to avoid past cross-chain vulnerabilities.
**Macro Data:**
- TVL has nearly doubled since the beginning of the year.
- Strong DeFi velocity, indicating high activity and adoption.
- Decentralization with diverse clients and nodes worldwide.
- The Nakamoto coefficient measures network decentralization but is affected by the Solana Foundation's control.
**Development and Partnership:**
- Solana's state compression technology significantly reduces storage costs.
- Various collaborations and partnerships are enhancing the ecosystem.
**Liquidity Staking:**
- Solana's liquidity staking shows growth potential.
**Upcoming Benefits:**
- Upcoming DeFi applications and innovative protocols are expected to strengthen the ecosystem.
- The Firedancer project aims to enhance Solana's performance.
**In Conclusion:**
- Solana has addressed key challenges through technological innovations and diversification.
- Solana's commitment to innovation and user-centric development suggests a promising future.
Investors should consider these benefits and risks when evaluating Solana as an investment opportunity.
