#Solana平台发展 After reading the coverage of Solana Breakpoint, I have to say—this summit exposed a phenomenon I've been wanting to warn everyone about for a long time: a rapid accumulation of new projects and new narratives, but with increasing hype and inflated claims.

Let me clarify, Solana's infrastructure is indeed improving, and I don't deny that. Lowering account rent by 10 times, doubling block computation units next year to 100 million—these are real technological advancements. But the problem is—every time there's a conference, a wave of new tokens and products flood the market.

What I am most cautious about are these signals: Ranger raising $6 million, Toby pushing a token, JupUSD planning to launch... all pointing to the same trap—**the high-yield promises of stablecoins and liquidity mining**. Raoul Pal says the cycle won't peak until 2026? I've heard too many claims of "it will go higher again." The key question is—how many people truly understand the risks behind these?

Figure issuing native stocks on Solana, Galaxy tokenizing stocks, Bhutan planning to issue gold tokens TER—these "mainstream" projects do look impressive, but you have to ask yourself: **Is this real financial innovation, or just a rebranded version of rug-pulling 2.0?**

I'm not here to spread negativity, but to remind: when everyone is talking about performance and new applications, what we really need to guard against are projects that claim to be "institution-grade infrastructure." No matter how deep the liquidity or how high the trading volume, fragmentation risk and systemic risk are also stacking up.

Living steadily is far more important than chasing high yields.