# Сопутствующие статьи по теме Solana

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Solana", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Bitcoin ETFs See $4 Billion Outflow! Altcoin ETFs Defy Trend, Attracting $1.3 Billion as New Capital Locks on XRP and Solana

Summary: In November 2025, Bitcoin and Ethereum spot ETFs experienced significant outflows totaling over $4 billion, while the first wave of altcoin ETFs, particularly those tracking XRP and Solana, attracted approximately $1.3 billion in new capital. This divergence highlights a shift in institutional investment strategies amid a broader market downturn. XRP ETFs gathered $676 million with almost no outflows since launch, and XRP’s price rose 7.2% in November, supported by clearer regulatory conditions, a narrative shift toward cross-border payment utility, and competitive fee structures. Solana ETFs attracted $918 million with about $613 million in net inflows, despite SOL’s price dropping 29.2%. These ETFs offered 6-8% annualized staking yields, appealing to investors seeking returns even during price declines. In contrast, Litecoin and Dogecoin ETFs saw minimal interest, with combined inflows under $8 million, reflecting their weaker fundamental narratives and lack of use cases in institutional portfolios. This trend suggests that the market is moving beyond broad altcoin sentiment and is now evaluating projects based on regulatory clarity, real-world utility, cash flow potential, and ecosystem activity. The approval and performance of altcoin ETFs are acting as a stress test, separating assets with long-term viability from those reliant on speculation. The data indicates that institutions are not merely rotating into altcoins but are selectively allocating to tokens with defensible value propositions, even in a bear market. The emergence of altcoin ETFs has introduced a more transparent, rigorous framework for evaluating crypto assets, emphasizing sustainable fundamentals over hype.

cointelegraph_中文12/10 11:27

Bitcoin ETFs See $4 Billion Outflow! Altcoin ETFs Defy Trend, Attracting $1.3 Billion as New Capital Locks on XRP and Solana

cointelegraph_中文12/10 11:27

Altcoin ETF Market Reshuffle: XRP in Focus, Why Are LTC and DOGE Being Abandoned by the Market?

The first batch of four altcoin ETFs (Litecoin, XRP, Solana, Dogecoin) launched in the U.S. in November 2025, revealing a sharply divided market. XRP emerged as the clear winner, with over $600 million in net inflows and price appreciation, attributed to its clear regulatory status, utility in cross-border payments, and competitive fees. Solana also attracted over $600 million in inflows, but its price fell nearly 30%, showing that ETF demand can be overshadowed by broader market sentiment, though its staking yield remained a draw. Litecoin and Dogecoin were largely ignored, with combined inflows under $8 million due to lack of new narratives, high fees, and limited functionality. The divergence highlights two distinct investor groups: traditional institutions withdrew over $40 billion from Bitcoin and Ethereum ETFs amid market volatility, while crypto-native investors viewed the dip as an opportunity to enter new altcoin ETFs. This debut underscores that ETF approval alone isn’t a guarantee of success; long-term viability depends on real-world utility, regulatory clarity, and ecosystem strength. The altcoin ETF era marks a shift from speculative hype toward institutional value assessment, with only assets possessing strong fundamentals likely to thrive in an increasingly crowded market.

金色财经12/10 07:06

Altcoin ETF Market Reshuffle: XRP in Focus, Why Are LTC and DOGE Being Abandoned by the Market?

金色财经12/10 07:06

Bitwise: My Highest Conviction Investment in Crypto

Author Matt Hougan, with eight years in crypto, expresses skepticism towards those who claim certainty about which blockchain (e.g., Ethereum, Solana, Bitcoin) will dominate. He believes the future of crypto remains highly uncertain, influenced by regulation, execution, macro conditions, and luck. Instead of betting on individual assets, Hougan invests broadly using a market-cap-weighted crypto index fund. His core conviction is that crypto as a whole will grow 10-20x in importance over the next decade, driven by stablecoins, tokenization, DeFi, and new use cases. He cites a prediction that all U.S. equities could move on-chain, representing massive growth potential. By diversifying, he captures the sector’s upside while avoiding the risk of picking the wrong chain. He recommends index funds as a sound strategy for many investors.

深潮12/09 10:02

Bitwise: My Highest Conviction Investment in Crypto

深潮12/09 10:02

Solana Lending Internal Conflict: The Power Struggle Behind Foundation Mediation

Over the weekend, a public dispute erupted between Solana's two leading lending protocols, Jupiter Lend and Kamino. The conflict originated from Jupiter's earlier marketing claims that its lending product featured "risk isolation," implying that different lending pools would not be exposed to cross-contagion in the event of an asset failure. However, after Jupiter Lend launched, the market observed that its design did not align with the conventional understanding of risk isolation. The protocol allows for the rehypothecation (re-use) of collateral across pools to improve capital efficiency, which critics argue creates potential channels for risk contagion. Kamino's co-founder, Marius Ciubotariu, publicly accused Jupiter of misleading users with false advertising and subsequently blocked a migration tool from Kamino to Jupiter Lend. The core of the debate lies in differing interpretations of "risk isolation." Jupiter and its supporters argue their model offers a balanced approach with independent pool configurations, while Kamino and its allies insist that any form of rehypothecation negates true risk isolation and constitutes a failure in disclosure. The dispute drew reactions from key ecosystem players. Multicoin Capital, an investor in Kamino, strongly criticized Jupiter, accusing the team of either incompetence or intentional deception. In contrast, the Solana Foundation President, Lily Liu, called for unity, urging the two projects to focus on growing the overall market share against competitors like Ethereum rather than engaging in internal conflict. The clash is seen as an inevitable result of intensifying competition in a shrinking market. Jupiter Lend has been rapidly capturing market share from the formerly dominant Kamino since its launch. In a tighter, post-market-crash environment where safety is a paramount concern, Kamino seized on a perceived vulnerability in Jupiter's product design to launch a competitive attack. The incident highlights the fierce battle for dominance in Solana's DeFi lending sector.

比推12/08 16:55

Solana Lending Internal Conflict: The Power Struggle Behind Foundation Mediation

比推12/08 16:55

Solana's Two Leading Lending Protocols Clash, Foundation Steps In to Mediate

Summary: Over the weekend, a public dispute erupted between Solana's two leading lending protocols, Jupiter Lend and Kamino, centered on the definition of "risk isolation." The conflict began when Kamino's co-founder, Marius Ciubotariu, accused Jupiter Lend of misleading users. He argued that Jupiter's early marketing claimed its lending pools were "risk-isolated," preventing cross-contamination between assets. However, Kamino contends that Jupiter Lend's design, which allows for the rehypothecation (re-use) of collateral across pools, creates a risk of contagion, contradicting its marketing. In response, Jupiter's COO, Kash Dhanda, admitted the initial "zero contagion risk" social media posts were inaccurate and apologized. The debate highlights a core disagreement on the definition of "risk isolation." Jupiter and its supporters argue the term has design flexibility, noting that while pools share a liquidity layer, each has independent parameters. Kamino and its allies insist that any rehypothecation negates true risk isolation. The dispute escalated when Tushar Jain, a partner at Kamino investor Multicoin Capital, strongly criticized Jupiter, accusing the team of being either incompetent or deliberately misleading. In contrast, Solana Foundation President Lily Liu urged for cooperation, emphasizing that the Solana lending market is much smaller than Ethereum's and that internal conflict only helps competitors. The clash is seen as an inevitable result of intense competition. Kamino was long the Solana lending leader, but Jupiter Lend has rapidly gained significant market share. In a tighter market with reduced liquidity and heightened safety concerns, the competition between the two protocols has become increasingly fierce.

marsbit12/08 10:22

Solana's Two Leading Lending Protocols Clash, Foundation Steps In to Mediate

marsbit12/08 10:22

Solana's Two Leading Lending Protocols Clash, Foundation Steps In to Mediate

Jupiter Lend and Kamino, the two leading lending protocols on Solana, are embroiled in a public dispute over Jupiter’s “risk isolation” claims. The conflict began when Jupiter promoted its lending product as having isolated risk between pools, but critics—led by Kamino—argue Jupiter’s design actually allows cross-contamination through rehypothecation (reusing collateral across pools). Kamino’s co-founder publicly accused Jupiter of misleading users, prompting community backlash. Jupiter later deleted earlier promotional content and acknowledged the description was inaccurate. The debate centers on differing interpretations of “risk isolation,” with Jupiter defending its model as a balance between safety and capital efficiency. Multicoin Capital, a Kamino investor, escalated the situation by accusing Jupiter of incompetence or intentional deception. In response, the Solana Foundation urged both sides to collaborate rather than compete internally, highlighting the larger opportunity in expanding the DeFi lending market overall. The clash reflects growing tension as Jupiter Lend rapidly gains market share in a shrinking TVL environment, turning former allies into rivals in Solana’s competitive lending landscape.

Odaily星球日报12/08 05:09

Solana's Two Leading Lending Protocols Clash, Foundation Steps In to Mediate

Odaily星球日报12/08 05:09

From ETH to SOL: Why Will L1s Ultimately Lose to Bitcoin?

The article "From ETH to SOL: Why L1s Will Ultimately Lose to Bitcoin?" argues that Bitcoin (BTC) is increasingly dominating the "cryptomoney" narrative, leaving little room for other Layer-1 (L1) blockchains to compete for monetary premium. The core of the argument is that approximately 81% of the total crypto market cap is invested in assets viewed as money or potential money, with BTC alone accounting for 55%. While L1s like ETH, XRP, BNB, and SOL represent a significant portion of the remaining value, their valuations are not primarily driven by revenue or real economic activity. Data shows that L1 revenues have been declining annually, yet their price-to-earnings ratios have soared, suggesting their market caps are almost entirely propped up by speculation on future monetary premium, not fundamentals. The performance of L1s against BTC further supports this. Since December 2022, eight of the top ten L1s have underperformed BTC, with six lagging by over 40%. Solana (SOL) was a notable exception, outperforming BTC by 87%. However, this gain is put into perspective by its ecosystem's explosive growth: a ~3,000% increase in DeFi TVL, fees, and DEX volume. This indicates that an L1 must achieve astronomical, orders-of-magnitude growth to merely eke out a modest performance lead over BTC. The conclusion is that the trend of BTC consolidating monetary premium at the expense of L1s is irreversible. The narrative that an L1 could become "money" is losing credibility as investors now have a decade of data showing that L1s consistently underperform BTC unless their ecosystems experience extreme, unsustainable growth. Without genuine economic growth, L1s' monetary premium will continue to erode.

coinvoice12/08 04:07

From ETH to SOL: Why Will L1s Ultimately Lose to Bitcoin?

coinvoice12/08 04:07

Aevo Co-founder's Long Post Criticizes the Industry: I Wasted 8 Years of My Life in Crypto

In a widely circulated article, Aevo co-founder and CTO Ken Chan reflects on his eight years in the crypto industry with deep disillusionment, describing it as a "waste" of his life. Initially drawn by libertarian ideals and the vision of decentralized financial systems like Bitcoin enabling private, borderless wealth, Chan now believes the space has devolved into the "largest casino in human history"—a massive, speculative gambling arena masked as innovation. He argues that despite idealistic rhetoric, the industry's incentives have prioritized speculation over substantive progress. New Layer 1 chains, DEXs, and meme platforms often serve as zero-sum gambling mechanisms rather than tools for genuine financial improvement. Chan admits to profiting from the system but expresses disgust at his role in fostering an ecosystem where high-market-cap tokens with no real users thrive, contradicting sustainable economic principles. He warns that the normalization of financial nihilism and get-rich-quick mentalities poses long-term risks to social mobility and value creation. While he still believes in crypto’s original vision, Chan concludes that the industry has lost its way, and he now prioritizes being "right" over chasing profits.

marsbit12/08 03:22

Aevo Co-founder's Long Post Criticizes the Industry: I Wasted 8 Years of My Life in Crypto

marsbit12/08 03:22

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