Solana（Sol）需要长大 - ETF可能是催化剂

当索拉纳（Solana）于2020年推出时，联合创始人阿纳托利·雅科文科（Anatoly Yakovenko）具有成为纳斯达克的宏伟愿景

Solana was launched in 2020 with the goal of becoming the Nasdaq on the blockchain. However, the memecoin trading activity that has been observed on Solana is more reminiscent of penny stocks than the tech giants that make up the Nasdaq index, such as Apple or Nvidia.

索拉纳（Solana）于2020年成立，目的是成为区块链上的纳斯达克（Nasdaq）。但是，在索拉纳（Solana）上观察到的纪念性交易活动比构成纳斯达克指数（例如苹果或NVIDIA）的科技巨头更让人联想到一分钱股票。

There are certainly “blue-chip” tokens like Jupiter (JUP) or Drift (DRIFT), but the attention has been focused on memecoins. In fact, memecoins have become so synonymous with Solana that some in the industry view it as purely a “meme chain.”

肯定有像木星（jup）或漂移（漂移）这样的“蓝芯片”令牌，但注意力集中在成员上。实际上，Memecoins已成为Solana的代名词，以至于行业中的一些人将其视为纯粹的“模因链”。

This isn’t exactly a surprise: Solana’s Pump.fun memecoin launchpad has seen over 7.5 million tokens created since its inception, resulting in more than $550 million in revenue.

这并不令人惊讶：Solana's Pump.Fun Memecoin Launchpad自成立以来创造了超过750万个令牌，从而获得了超过5.5亿美元的收入。

This has been a boon for the ecosystem, pushing infrastructure upgrades and onboarding new users, but Solana’s potential goes far beyond memecoins. The time has come for Solana to become a more serious blockchain, and the approval of a Solana SOLUSD exchange-traded fund (ETF) — which is all but guaranteed this year — is just the catalyst needed to help Solana position itself as far more than just a “meme chain” to the general public.

这是生态系统的福音，推动基础架构升级和入门新用户，但Solana的潜力远远超出了Memecoins。现在是时候让Solana成为更严重的区块链，并且Solana Solusd交换基金（ETF）的批准（今年几乎保证）只是帮助Solana位置本身所需的催化剂只是向公众的“模因链”。

A helping hand from the SEC

SEC的帮助

Many wouldn’t have thought this possible last year, but it appears the US Securities and Exchange Commission is fully prepared to push through a Solana ETF in 2025. Under new leadership, the agency first acknowledged Grayscale’s SOL ETF application and is now seeking public comment on four Solana investment products.

许多人不会认为这是去年的可能性，但是看来美国证券交易委员会已经准备好在2025年全面推动Solana ETF。在新的领导下，该机构首先承认Grayscale的Sol ETF应用程序，现在正在寻求公众意见在四种Solana投资产品上。

This perhaps comes as no surprise, given that US President Donald Trump gave Solana a significant endorsement by choosing it as the home for his viral memecoin, TRUMP. An ETF is, however, a much bigger deal because it will propel Solana into the world of traditional finance. And the chances of approval are good: Polymarket traders currently assign an 85% likelihood to a fall launch.

鉴于美国总统唐纳德·特朗普（Donald Trump）将其作为他的病毒纪念特朗普（Trump）的家，这也许并不奇怪。但是，ETF的交易要大得多，因为它将推动Solana进入传统金融世界。批准的机会很好：Polmarket Traders目前为秋季推出的可能性分配了85％的可能性。

This approval will be instrumental in shifting institutional perceptions of Solana because it provides investors with a regulated vehicle to gain exposure to SOL without any of the risks of owning the token onchain.

该批准将有助于转移对Solana的机构看法，因为它为投资者提供了受监管的车辆，以获取对SOL的风险，而没有任何拥有令牌Onchain的风险。

A credibility play

信誉发挥

An ETF, however, also enhances the credibility of any crypto asset in the TradFi world. We’re already seeing this shift in sentiment playing out, with Franklin Templeton, one of the world’s top asset managers, launching a US government money fund on Solana.

但是，ETF还提高了Tradfi世界中任何加密资产的信誉。我们已经看到了这一情绪的转变，全球最高资产经理之一富兰克林·邓普顿（Franklin Templeton）在索拉纳（Solana）上启动了美国政府货币基金。

This is significant because it recognizes Solana for what it was designed to be: a serious blockchain supporting large-scale trading and real-life use cases. And a key one this year will be payments and remittances.

这很重要，因为它以其设计为索拉纳（Solana）认识到：一个认真的区块链支持大规模交易和现实生活中的用例。今年的关键将是付款和汇款。

Payments certainly don’t have the same appeal as memecoins. Yet this was the original use case for blockchain when the Bitcoin white paper was published in 2008. Its pseudonymous creator, Satoshi Nakamoto, clearly positioned Bitcoin as peer-to-peer cash.

付款当然没有与Memecoins相同的吸引力。然而，这是比特币白皮书于2008年出版时的原始用例。其伪造的创作者satoshi nakamoto显然将比特币定位为对等现金。

Since then, though, the adoption of blockchain for payments has remained limited. Only 0.2% of e-commerce merchants globally accepted crypto in 2022 — a far cry from a global payments network.

但是，从那以后，采用区块链进行付款一直有限。 2022年，全球电子商务商人中只有0.2％的商人与全球支付网络相去甚远。

A $20-trillion opportunity

一个20万亿美元的机会

Yet, the opportunity is enormous. This year, the payments industry is projected to reach $20.37 trillion. That’s six times the market capitalization of all cryptocurrencies combined ($3.23 trillion). And we’re already seeing signs of the growing importance of digital assets in the payments landscape.

但是，机会是巨大的。今年，支付行业预计将达到20.37万亿美元。这是所有加密货币的市值（3.23万亿美元）的六倍。而且，我们已经看到了付款环境中数字资产越来越重要的迹象。

This includes payments giant PayPal entering the crypto world with the launch of its proprietary stablecoin, PayPal USD (PYUSD). Meanwhile, President Trump’s social media company, Truth Social, is exploring a crypto payments service called TruthFi. At the same time, Elon Musk’s X is set to start accepting crypto payments via the new X Payments platform. It seems boring-but-necessary crypto payments are finally about to have their day in the sun.

这包括付款巨头PayPal通过其专有的Stablecoin PayPal USD（PYUSD）的推出，进入加密货币世界。同时，特朗普总统的社交媒体公司Truth Social，正在探索一项名为TruthFi的加密货币付款服务。同时，Elon Musk的X将开始通过新的X支付平台接受加密付款。似乎无聊但必不可少的加密付款终于将在阳光下度过一天。

Solana is well-positioned to take a leading role in this shift. It already boasts a large, active user base and saw its stablecoin supply double in January at nearly $12 billion. Plus, it was battle-tested earlier this year by the launch of the TRUMP memecoin, and this onslaught was handled well.

索拉纳（Solana）的位置很好，可以在这一转变中发挥主导作用。它已经拥有一个大型活跃的用户群，并在一月份看到其稳定的供应量将近120亿美元。另外，今年早些时候，特朗普成员的推出进行了战斗测试，这种猛烈攻击的处理得很好。

On top of this, Solana already has the infrastructure to support a retail payments network. It boasts cheap and fast transactions, and its payment protocol, Solana Pay, allows people to pay with crypto, including USD Coin (USDC), by simply scanning a QR code with their mobile phones — all the ingredients of a frictionless e-commerce experience.

最重要的是，Solana已经拥有支持零售支付网络的基础架构。它拥有便宜且快速交易，其付款协议Solana Pay，允许人们通过使用手机扫描QR码（包括USD Coin（USDC））的加密货币付款 - 所有无摩擦电子商务体验的成分。

A grown-up blockchain

成年区块链

Payments are just the beginning. Yakovenko’s vision of the Nasdaq on the blockchain is a grander one — a high-performance blockchain that can support large-scale financial user cases, from sophisticated trading to lending.

付款只是开始。 Yakovenko对区块链上纳斯达克的愿景是一个更宏伟的纳斯达克岛 - 一种高性能区块链，可以支持从复杂交易到贷款的大规模财务用户案例。

Solana has been honing the infrastructure necessary for this all year — Pump.fun forced the upgrades and fixes

Solana一直在磨练全年必要的基础设施 - 泵。