What's Next For Solana In 2026?

The discussion centers on Solana's ecosystem, analyzing ETF flows, the rise of DATCOs, and the dynamics of payment for order flow (PFOF). Despite negative price action, Solana ETFs have seen positive flows, diverging from BTC and ETH trends. The conversation highlights a misalignment between user and app incentives regarding priority fees, with applications potentially extracting rent invisibly. It's noted that application revenue on Solana now surpasses network revenue, raising questions about future valuation models. The podcast further explores the LST market, where JitoSOL's dominance is challenged by Sanctum-enabled LSTs from entities like Binance and Double Zero, and also considers the potential for ETFs to launch their own LSTs via Sanctum.