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Author: Sun and Moon Source: X,@ruexiaocHU>
Clarification of data analysis misunderstanding
When analyzing data, especially when it involves data in the field of finance and cryptocurrencies, it is important to understand the dimensions and backgrounds of data.This article is mainly to clarify some panic emotions caused by data misunderstandings, especially about the inflation and financial conditions of Solana (SOL).
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1. About the clarification of inflation
The original article mentioned that Solana issued 60 million SOL last year, worth $ 8.4 billion, and throw it into the market.However, this explanation is misleading because it ignores the true source of new circulation.In fact, the “new circulation volume” in MESSARI data includes not only the addition of the network, but also some tokens that have been unlocked.Most of these unlocked tokens did not really enter the market, but belonged to the foundation or ecological fund. This part of the token is usually held for a long time, and it does not cause direct pressure on the market.
In addition, regarding the problem of inflation, Solana’s official documentation clearly states that the current annual inflation rate of the Solana network is 3.5%, and it will decrease by 15%each year.In contrast, the inflation rate of Ethereum (ETH) in 2020 was 4.5%, and the market value at that time was between 200 and 70 billion US dollars.Therefore, Solana’s inflation level is not serious enough to cause concerns.
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2. Interpretation of financial statements
Another author mentioned that Solana showed huge losses in financial statements and the loss was expanding rapidly.For example, from US $ 160 million in the second quarter of 2023, to 300 million US dollars in the fourth quarter, to US $ 950 million in the second quarter of this year.However, this “losses expand” statement is actually an illusion.
The key to this lies in the method of expenditure.These expenditures include daily operating expenses and SOL tokens paid to nodes.As the price of SOL fluctuates sharply at different quarters, when the US dollar is denominated, the amount of expenditure seems to increase rapidly.However, the actual situation is only the surface data changes caused by the rise of SOL prices, and there is no actual financial loss in essence.
For example, the average price of SOL in the second quarter of 2023 was about 25 US dollars, while the average price in the fourth quarter rose to $ 50 due to pulling discs.In the second quarter of this year, the average price of SOL further increased to about $ 160.Therefore, although SOL’s increasing amount has remained stable, due to the rise in currency prices, the expenditure with US dollars has increased, which does not mean that the actual loss is expanded.
Summarize
Data misunderstanding can easily lead to wrong market interpretation and emotional fluctuations.By correctly interpreting Solana’s inflation and financial statements, it can be found that the so -called “problem” is actually just a superficial phenomenon, instead of an unspeakable crisis.Therefore, investors should keep calm when facing these data and should not be confused by surface data.
Finally, understand the truth behind the data so that we can view market trends more rationally.Continue to maintain confidence and patience and enjoy the opportunities brought by the market.
