Solana Ecosystem

+-----------------------------------------------------------+
|                      SOLANA                                |
+-----------------------------------------------------------+
|                                                           |
|   How POS chains avoid ETH's fate                         |
|   High control + ecosystem participation = success        |
|                                                           |
+-----------------------------------------------------------+

Solana Supply-Side Analysis

Solana is a typical POS staking dividend scheme, currently ~7% APY staking rewards.

Cost Structure (Same as ETH)

Validator:
└── Infrastructure costs (staff, servers)

Staker:
├── Staked SOL opportunity cost
└── Validator fees

Unit SOL acquisition sunk cost is basically zero, facing same costless selling pressure as ETH

Key Difference: Chip Concentration

Dimension	Solana	ETH
Staking rate	65%	Dispersed
Chip distribution	Concentrated in Solana/VC/MM/FTX	8 years of POW dispersed
New output	Always concentrated in stakeholders	Cannot be reclaimed

Solana Demand-Side Analysis

Solana, like ETH, is a split scheme, but solves dividend scheme selling pressure completely differently.

Last Cycle: SBF Era

SBF controlled SOL + Alameda/FTX + Race/Jump
        ↓
Incubated lots of high FDV low float projects
        ↓
Alameda personally market made, violent pumps and dumps
        ↓
Created Solana ecosystem's extreme volatility

Got two of three split scheme elements right:

Raised Sol market Beta returns
Violent performance made holders reluctant to sell, reduced outflow

This Cycle: Decentralized Market Making

After SBF fell, Solana lost its large-scale secondary market operation sponsor, but:

Starting from Bonk, realized on-chain became bear market battlefield
        ↓
New "Alamedas" atomized
        ↓
Built CT influence matrix:
├── Foundation + Founders
├── Superteam
├── Front-facing YouTuber-style KOLs
├── Angel investor-style KOLs
└── MMs
        ↓
Relay-promoted "main narratives":
├── NFT
├── Depin
├── Inscriptions
└── Shitcoins

Key: All SOL-denominated, low liquidity, fast split schemes needing little pump capital

Why Do This

If you launched Solana, your SOL is both abundant and costless:

There's a SHITCOIN/SOL trading pair
        ↓
Use costless SOL to pump it 100x
        ↓
Lots of on-chain capital chases in
        ↓
Very high probability of recouping more profit than invested

Four Goals

Goal	Effect
Raise market Beta	Profit effect siphons external capital
Keep pricing power on-chain	Keep it on native token
Holding logic decoupled from token appreciation	Native-denominated asset prices rise
Democratize market making	Weaken endorsement center, accelerate split rate

Why ETH Can’t Do This

ETH Foundation:
├── Doesn't have enough chip advantage
├── No reclamation channel (POS came too late)
├── Miner community that knew how to build projects is gone
└── EF and "vassals" have no incentive to do this

Solana’s Potential Crises

Water can carry a boat or capsize it:

Risk	Description
Narrative failure	Main pushed narratives don’t bring new assets and pumps (e.g., Blink, Payfi)
Pricing power loss	Exchanges try to reclaim USDT-denominated pricing (e.g., SOL-denominated restaking)
Ecosystem ossification	Core members’ attitudes change, new devs can’t access, split rate drops

Core Formulas

Solana success = Chip concentration × Ecosystem participation in market making

Key differences:
├── Chips concentrated in stakeholders
├── Costless pumping of low-liquidity assets
└── Pricing power stays on-chain SOL-denominated

Operational logic:
├── Atomized market making
├── CT influence matrix relay
└── Democratized market making accelerates splitting

Applicable to:
└── All high-control POS new tokens, apply to yourself

I’m not pumping Solana, I’m describing the operational methodology for all high-control POS new tokens