Solana Hits Perilous Times as Market Share Slips and First-Mover Advantage Fades

Fullstack.Trade CEO Flood has expressed concerns that Solana is facing its most perilous situation since its inception. In a recent statement, he listed four key points:

Firstly, Solana is losing market share in the RWA (Real World Assets) market and lacks a protective moat.

Secondly, there is no viable path for native perpetual contracts to be traded on an exchange.

Thirdly, stablecoin trading pairs are dominating volume and losing their monetary function.

Lastly, the first-mover advantage of Solana is becoming apparent as new chains go live.