.sal_coin indicates a number of catalysts for Solana $SOL in the next cycle Solana
Based on the four-year-cycles approach, the current performance can be compared to that of Q4, 2019, the analyst admits. At the same time, given the fact of the DeFi activity increase on Solana , the blockchain might be entering its version of Ethereum's 2020 DeFi Summer right now.
Also, in terms of total value locked in DeFi protocols, Solana is an undisputed leader amid all L1 blockchains outside the Ethereum Virtual Machine ecosystem.Solana's liquid derivatives staking ecosystem has huge room for growth. Based on the ratio between all SOL staked and the TVL of Solana-based LSTs, Qadir foresees"billions of capital" that can be injected once SOL liquidity providers start seeking additional yield.
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