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According to ChainCatcher, market sources report that Solana's core development team Anza stated that during a large-scale liquidation event, Solana underwent its largest stress test to date, maintaining complete stability while reaching a record 100,000 TPS. The Solana validator client Agave successfully handled peak traffic more than six times higher than usual without any network performance degradation, and fully processed blocks with a capacity of 60 million CU.

According to ChainCatcher, DeFiance Capital researcher Kyle posted on social media that, judging from the current market sentiment, the last time we saw a situation like this was during the collapse of FTX or Celsius. This plunge can basically be considered a cycle-ending event, yet this time BTC and ETH have remained remarkably stable. The evolution of the crypto industry complex is truly astonishing, but altcoins are clearly repeating the same tragedy—despite my repeated warnings over the past few months, I never expected it to be this brutal. In short, this may not be the "best" time to bottom fish, but it is definitely the time when you "should" be buying the dip. Extreme panic has already been released, and the market is building a bottom, although there may still be room for further downside. Looking at the bigger picture, we are definitely closer to the bottom than to the top. Asset selection is crucial at this moment, as many projects may never recover their vitality.