Solana Foundation President Urges Focus on Market Expansion

According to Odaily, Solana Foundation President Lily Liu has called for a shift in focus within the Solana ecosystem's lending protocols. Liu expressed on the X platform that instead of engaging in disputes over issues like 'one-click migration tools' and 'risk statements,' efforts should be directed towards expanding the overall market size. She highlighted that the current Solana lending market is approximately $5 billion, which is only a tenth of Ethereum's market and negligible compared to the multi-trillion-dollar scale of traditional finance. Liu emphasized that teams have the option to either compete against each other or aim to capture a larger share of the broader crypto and traditional finance markets, stating, 'The direction is up to us.' In related news, a Jupiter executive has admitted that the promotion of Jupiter Lend as having 'zero contagion risk' was inaccurate.