在強勁的鏈上指標和衍生性商品數據的支持下，Solana (SOL) 從近期低點反彈。 SOL 能否​​反彈至 300 美元並挑戰其歷史高點？

Solana 的原生代幣 SOL 自 11 月 26 日觸及 222 美元低點以來已飆升 8%，此前該代幣自 11 月 23 日創下的歷史高點 263.80 美元大幅回調。

Solana’s native token (SOL) has seen a surge of 8% since hitting a recent low of $222 on Nov. 26, following a sharp correction from its all-time high of $263.80 on Nov. 23. At the time of writing on Nov. 27, SOL is trading at $237.98, with onchain and derivatives data suggesting a potential continuation of the bullish trend.

Solana 的原生代幣 (SOL) 自 11 月 26 日觸及近期低點 222 美元以來，已飆升 8%，此前該代幣自 11 月 23 日創下的歷史高點 263.80 美元大幅回調。的交易價格為237.98 美元，鏈上和衍生性商品數據顯示看漲趨勢可能會持續。

A glance at the market performance shows that SOL has seen a modest gain of 1% over the past seven days. However, during the same period, the total market capitalization of major altcoins has surged by 12%. Leading tokens like Stellar (XLM), Celestia (TIA), and Uniswap (UNI) have posted gains of over 40%, outpacing SOL's performance and leaving some investors questioning the momentum.

從市場表現來看，SOL 在過去 7 天小幅上漲了 1%。然而，同期主要山寨幣的總市值飆升了12%。 Stellar (XLM)、Celestia (TIA) 和 Uniswap (UNI) 等領先代幣的漲幅超過 40%，超過 SOL 的表現，並讓一些投資者對這一勢頭提出質疑。

Despite lagging the broader market, Solana’s fundamentals are strengthening and painting a bullish picture. Here are some key highlights:

儘管落後於大盤，但 Solana 的基本面正在走強，並描繪出樂觀的前景。以下是一些主要亮點：

Total Value Locked (TVL) in Solana DeFi has surged by 48% over the past 30 days, outpacing growth on BNB Chain (+14%) and Tron (+13%).

Solana DeFi 的總鎖定價值 (TVL) 在過去 30 天內飆升了 48%，超過了 BNB Chain (+14%) 和 Tron (+13%) 的成長速度。

Major protocols driving the TVL growth include Jito liquid staking ($3.4 billion TVL, +44%), Jupiter decentralized exchange ($2.4 billion TVL, +50%), and Raydium ($2.2 billion TVL, +58%).

推動TVL 成長的主要協議包括Jito 流動性質押（TVL 34 億美元，+44%）、Jupiter 去中心化交易所（TVL 24 億美元，+50%）和Raydium（TVL 22 億美元，+58%） 。

Solana and Ethereum are both seeing growth in different areas without direct competition. Here's how:

Solana 和以太坊都在不同領域實現了成長，但沒有直接競爭。方法如下：

Ethereum is dominating the decentralized finance (DeFi) space, with Uniswap and CoW Swap seeing a 62% and 71% increase in trading volumes, respectively, over the past 30 days.

以太坊在去中心化金融 (DeFi) 領域佔據主導地位，Uniswap 和 CoW Swap 的交易量在過去 30 天內分別增長了 62% 和 71%。

Meanwhile, Solana is leading in memecoin trading, with tokens like BONK and POPCAT driving up speculative trading volumes and catering to a different market segment.

與此同時，Solana 在 memecoin 交易方面處於領先地位，BONK 和 POPCAT 等代幣推動了投機交易量並迎合了不同的細分市場。

While Solana's memecoin activity has contributed to the overall increase in activity on the network, it also introduces volatility risks. Speculative hype may not be sufficient to sustain long-term growth.

雖然 Solana 的 memecoin 活動促進了網路活動的整體成長，但它也帶來了波動風險。投機炒作可能不足以維持長期成長。

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數位貨幣市場概況：比特幣維持在17,500美元區間；柴犬以 40% 的增幅成為市場領導者

In futures markets, the premium on SOL futures has reached an annualized 23%, the highest it has been in seven months. This indicates strong optimism in the market. However, it is worth noting that excessive bullishness, especially above 40%, could amplify liquidation risks during any price corrections.

在期貨市場，SOL期貨溢價已達到年化23%，為七個月以來的最高水準。這顯示市場的強烈樂觀情緒。但值得注意的是，過度看漲，尤其是超過40%，可能會放大價格調整期間的清算風險。

Solana's market capitalization currently stands at $113.7 billion, which is a 73% discount compared to Ethereum's market capitalization of $429.4 billion. This valuation gap, combined with the strong onchain metrics, suggests that there could be further upside potential for SOL.

Solana 的市值目前為 1,137 億美元，比以太坊 4,294 億美元的市值折價 73%。這種估值差距，加上強勁的鏈上指標，顯示 SOL 可能還有進一步的上漲潛力。