The blockchain industry has once again stirred waves, with the spotlight on the highly followed Solana. Recently, the well-known digital asset investment company Grayscale released a striking report, bestowing Solana with the title of "core blockchain custody network", a move that immediately sparked a strong reaction in the market.

The data in the report is staggering: the Solana ecosystem generates up to $425 million in revenue each month, with an annualized revenue reaching an astonishing $5 billion. Meanwhile, Solana has attracted over 1,000 full-time developers, ranking second only to Ethereum in terms of the number of developers. Even more astonishing is that the average transaction fee on Solana is only $0.02, which is almost negligible.

What do these data mean? They clearly indicate that Solana, which was once jokingly referred to as the "King of Chain Drops," has now transformed into an efficient "money-making machine." Once Gray's report was released, projects within the Solana ecosystem responded one after another, and on-chain activities instantly became vibrant, as if it were a grand celebration. Overnight, "the new king is about to ascend the throne" became a hot topic in the blockchain circles.

Some may question the stability of Solana, but in the fast-paced world of cryptocurrency, hype often takes precedence over stability. In contrast, Ethereum now resembles a steady elder, focused on optimization and improving efficiency; whereas Solana feels like a vibrant entrepreneur, who, despite facing some technical challenges, continues to maintain its rapid growth momentum.

Overall, Grayscale's endorsement will undoubtedly bring more attention and development opportunities to Solana. Although Ethereum remains the industry giant, it must also be wary of Solana's rapid rise. In this fast-changing Blockchain world, Solana is likely carving out a place for itself among the top public chains.