*This report is updated to V2.

• Prioritizing simplicity and composability, Solana stands out as a leading player in the integrated blockchain sector, distinguished by its parallel processing, low fees, and fast transaction speeds.

• Despite facing challenges, Solana's ecosystem has been making a rapid recovery by deploying a variety of initiatives that align with its consistent vision, thus regaining its market share.

• Solana is embracing several innovative applications based on its unique and developer-friendly infrastructure, especially pioneering in areas intended for retail adoption such as DePIN, Mobile, and Payment.

• While Solana's vision is often compared to Apple's in terms of valuing the harmony between software and hardware and focusing on performance and UX, Solana places more emphasis on new software experiences than on convenience achieved through hardware, raising greater expectations.