Core Insights - The cryptocurrency market, including Solana, has recently experienced a downturn, with Solana's price dropping from around $250 in September to approximately $180 as of October 22 [1][2] Group 1: Market Performance - Solana's price decline reflects a broader trend in the crypto market, where many assets are in the red [1] - The current price of Solana presents a potential buying opportunity for investors considering its fundamentals [2] Group 2: Fundamental Value - Despite the price fluctuations, Solana's fundamental value remains intact, characterized by its speed and low transaction costs [4] - Solana processes about 1,000 transactions per second (tps) with a theoretical maximum of 65,000 tps, significantly outperforming Ethereum's 20 tps [5] Group 3: Performance During Market Stress - During a recent market flash crash, Solana demonstrated resilience by maintaining high transaction processing rates without a spike in fees, unlike some other blockchains [6] Group 4: DeFi Landscape - Solana has a total value locked (TVL) of $11 billion in DeFi applications, an increase from $6 billion a year ago, but still significantly behind Ethereum's $83 billion TVL [8] - Solana's proof-of-history system contributes to its efficiency, yet it still trails Ethereum in the DeFi sector [9] Group 5: Stablecoin Market - In the stablecoin market, Ethereum leads with $165 million in stablecoin value, while Solana has $15 billion [10]