A lot of people saying SOL today feels like it did at $8. What a wild thing to be saying.
At $8, we were all concerned that the chain was actually dead:
- FTX held a substantial amount of SOL.
- FTX had been hacked.
- $8 SOL made a 51% attack realistic.
- Every bridged asset was depegged.
- Projects went from 8/9 figure treasuries to zero.
- Users had lost their life savings.
We were standing on deaths doorstep.
Today:
- The chain has had no issues in a long time.
- The ecosystem is thriving.
- Chain revenue is the highest in all of crypto.
- Institutions are here.
- RWAs are growing.
Crypto is cyclical. We will be back again like we have never been back before.
@solana has never been better positioned.