Solana’s ecosystem, with 250+ projects by 2025, boasts a $10B market cap, but its long-term value wavers. Fundamentals show strength—Saber’s $2B TVL and Raydium’s $700M highlight DeFi growth, yet outages (e.g., 2022) expose fragility, with 99% uptime a recent fix. Transaction speed (thousands per second) and low fees ($0.01) outshine Ethereum, but developer retention lags—10% left for Polygon in 2024. SOL, at $145, may hit $200 if TVL grows 20%, though a 51% attack risk looms. Solana’s promise, a blazing comet, dazzles, but its core, a fragile star, risks dimming—investors must balance speed’s allure with stability’s shadow.