Spot SOL Staking ETFs' data are looking good.
Well, data are good. But the price is..
Anyways, these ETFs have been accumulating around 1.5m SOL(Solana) during this month. This amount is less than 1% of SOL circulation. It's amazing, since it took less than a month.
SOL TVL is one ninth of ETH TVL, but 24h app revenue is much more.
I believe 24h app revenue is much valuable than 24h app chain fees.
Of ocurse, smart contract and tx(Transactions) fees are also important. But 24h app revenue means a quantitative indicator in terms of the number of users and usage.
As you know, Pump.fun is leading the Solana chain with respect to the 24 app revenue.
$PUMP
Not only on-chain data, but also Solana has been recognized by the U.S. SEC(Securities and Exchange Commission). But the price movement has been bad recently..
Well.. I guess the market isn't rational, nor is there enough liquidity in it. I just hope next month will be better🙏