TL;DR
- Anatoly Yakovenko welcomed Hyperliquid’s competition, hoping it pushes Solana to focus even more on product and real network usage.
- Solana avoids chasing speculative metrics like TVL, aiming instead to build an ecosystem based on sustainable, practical applications.
- SOL’s price continues to climb, with trading volume at $7.14 billion and expectations of hitting $200 if momentum holds.
Anatoly Yakovenko, cofounder of Solana (SOL), responded to the growing competition from Hyperliquid in the real-world asset (RWA) tokenization market. Rather than dismissing the pressure, Yakovenko embraced the rivalry, saying he hopes it forces Solana to double down on product quality, engineering, and generating revenue through actual network activity.
This exchange followed a comment from Ryan Watkins, who suggested Solana and Hyperliquid are now directly competing to lead the migration of U.S. equities to the blockchain. Yakovenko made it clear that Solana isn’t interested in chasing metrics like Total Value Locked or speculative valuations. His priority is to build an ecosystem sustained by products that deliver long-term value and serve real, practical use cases.
https://twitter.com/aeyakovenko/status/1925869460985975071
The executive also criticized the hype-driven culture that dominates certain areas of the crypto industry. He believes that public comparisons and headline battles only make sense if they lead to meaningful developments. In that sense, he stressed the importance of projects moving beyond inflated expectations and turning them into tangible results, adding that this kind of competition should motivate Solana to raise its technical standards.
Is Solana Headed for $200?
Meanwhile, SOL’s price continues to show a modest upward trend. The token is trading around $180, posting a daily gain of 0.5%. During the session, it peaked at $187, while trading volume jumped 31% to reach $7.14 billion. The market remains alert to whether Solana can maintain its current momentum and hit the $200 mark.
Analysts point out that SOL’s performance now hinges on its ability to capitalize on this bullish phase alongside ongoing ecosystem progress. The competitive pressure from new players like Hyperliquid could speed up that process. In the coming days, it’ll become clear whether Solana can break through the $200 threshold and strengthen its position.
