2025-12-08 13:35:11

It’s clear that Solana is now taking an institutional route.

ETF progress, Western Union starting to work with stablecoins, the formation of RWA alliances—the money and applications from traditional finance are accelerating their entry. The entire network is now more focused on reinforcing its position as a “high-performance settlement layer,” with infrastructure upgrades happening in sync.

On the data side: TVL is holding steady around $9 billion, and stablecoin supply has hit a new high, surpassing $16 billion. But there’s a less positive signal—daily active users (DAU) have plummeted by 29% compared to Q3.

In short, the ecosystem is going through a phase of consolidation. Institutional money is coming in, retail interest is retreating, and on-chain activity is shifting from wild growth to structural adjustment. The next step is to see whether cross-chain collaboration (for example, with other public chains like Avalanche and Polygon) can help bring back user engagement.

SOL3.07%

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TopBuyerForever

· 12-08 14:01

A 29% drop in DAU is pretty scary. Institutions are coming in while retail investors are leaving—is this the fate of Web3? Solana now feels like a rich people’s club; it can never go back to that wild vibe it used to have. Western Union is launching a stablecoin? What does that say? Traditional finance is really getting scared. Can cross-chain collaboration bring users back? I doubt it—everyone’s already playing on other chains. TVL looks good, but DAU is the real truth, man.

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GateUser-e51e87c7

· 12-08 13:56

The DAU plummeted by 29%, which is really tough to swallow. Institutions are coming in, but retail investors are leaving—this is just absurd.

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OldLeekNewSickle

· 12-08 13:55

DAU plummeted by 29%. This is the real story. Institutions are taking over, retail investors are leaving—so who will be left holding the bag? --- Western Union stablecoin sounds impressive, but without user activity, liquidity is just so-so. --- High-performance settlement layer sounds fancy, but to put it bluntly, it just means there's no ecosystem appeal anymore. --- Can cross-chain collaboration save it? I don't buy it. An ecosystem slump isn't an infrastructure issue. --- TVL looks decent, but with a surge in stablecoins and retail outflows, it's more money going out than coming in. --- Institutional strategy, RWA alliances taking shape... sigh, I've heard this rhetoric too many times. --- 16 billion stablecoin supply—are they sucking blood or just raking in cash? I honestly can't tell. --- Since Q3, how many people have already been forced to exit? DAU tells the real story.

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SchroedingerMiner

· 12-08 13:47

DAU plummeted by 29%—this number is a bit painful. Institutions are coming in while retail investors are leaving; it feels like we’re just paving the way for traditional finance.

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GateUser-bd883c58

· 12-08 13:44

The 29% drop in DAU is the most painful part—no amount of institutional funding can make up for the loss of retail users.

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BottomMisser

· 12-08 13:37

Wait, that doesn't make sense. Institutions came in, but DAU actually plummeted? This logic doesn't really hold up.

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