T&#7893;ng gi&aacute; tr&#7883; t&agrave;i s&#7843;n r&ograve;ng c&#7911;a c&aacute;c Solana ETF t&#7841;i M&#7929; &#273;&atilde; v&#432;&#7907;t 1 t&#7927; USD v&agrave;o &#273;&#7847;u n&#259;m 2026. Tuy nhi&ecirc;n, SOL &#273;&atilde; gi&#7843;m h&#417;n 50% trong v&ograve;ng m&#7897;t n&#259;m qua v&agrave; hi&#7879;n &#273;ang giao d&#7883;ch quanh m&#7913;c gi&aacute; t&#7915;ng xu&#7845;t hi&#7879;n hai n&#259;m tr&#432;&#7899;c. K&#7871;t qu&#7843; n&agrave;y c&oacute; l&#7869; &#273;&atilde; khi&#7871;n nhi&#7873;u nh&agrave; &#273;&#7847;u t&#432; c&#7843;m th&#7845;y th&#7845;t v&#7885;ng.
B&ecirc;n c&#7841;nh c&aacute;c ETF SOL, m&#7841;ng l&#432;&#7899;i Solana &#273;&atilde; ghi nh&#7853;n nhi&#7873;u c&#7897;t m&#7889;c quan tr&#7885;ng, th&#7875; hi&#7879;n s&#7913;c h&uacute;t v&#7899;i c&aacute;c nh&agrave; &#273;&#7847;u t&#432; t&#7893; ch&#7913;c. Tuy nhi&ecirc;n, nh&#7919;ng ph&aacute;t tri&#7875;n n&agrave;y v&#7851;n ch&#432;a &#273;&#7911; &#273;&#7875; l&agrave;m h&agrave;i l&ograve;ng c&aacute;c nh&agrave; &#273;&#7847;u t&#432; nh&#7887; l&#7867;.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-stablecoin-demand-grows-on-solana-in-early-2026">Nhu c&#7847;u stablecoin t&#259;ng tr&ecirc;n Solana v&agrave;o &#273;&#7847;u n&#259;m 2026</h2>

&#7910;y ban Stable Token t&#7841;i Wyoming g&#7847;n &#273;&acirc;y &#273;&atilde; <a href="https://x.com/wyostable/status/2008947847509758286" target="_blank" rel="noreferrer noopener nofollow">ph&aacute;t h&agrave;nh stablecoin FRNT</a> tr&ecirc;n blockchain Solana. &#272;&acirc;y l&agrave; l&#7847;n &#273;&#7847;u ti&ecirc;n m&#7897;t t&#7893; ch&#7913;c c&ocirc;ng l&#7853;p &#7903; M&#7929; ra m&#7855;t stablecoin v&#7899;i qu&#7929; d&#7921; tr&#7919; <a href="https://x.com/FTDA_US/status/2008950653209481280" target="_blank" rel="noreferrer noopener nofollow">&#273;&#432;&#7907;c Franklin Templeton qu&#7843;n l&yacute;</a>.
Tr&#432;&#7899;c &#273;&oacute;, Jupiter &#273;&atilde; <a href="https://x.com/JupiterExchange/status/2008194276392620519" target="_blank" rel="noreferrer noopener nofollow">gi&#7899;i thi&#7879;u</a> stablecoin JupUSD tr&ecirc;n Solana ph&#7889;i h&#7907;p c&ugrave;ng Ethena Labs. Kho&#7843;ng 90% d&#7921; tr&#7919; c&#7911;a JupUSD l&agrave; USDtb &#273;&#432;&#7907;c h&#7853;u thu&#7851;n b&#7903;i qu&#7929; BUIDL &#273;&atilde; m&atilde; h&oacute;a c&#7911;a BlackRock, c&ograve;n l&#7841;i 10% n&#7857;m &#7903; USDC.
Sau nh&#7919;ng di&#7877;n bi&#7871;n n&agrave;y, The Kobeissi Letter &#273;&#432;a tin v&agrave;o ng&agrave;y 08/01/2026 r&#7857;ng ngu&#7891;n cung stablecoin tr&ecirc;n Solana &#273;&atilde; t&#259;ng h&#417;n 900 tri&#7879;u USD ch&#7881; trong 24 gi&#7901;. B&aacute;o c&aacute;o n&agrave;y cho r&#7857;ng s&#7921; t&#259;ng v&#7885;t n&agrave;y c&oacute; th&#7875; b&aacute;o hi&#7879;u d&ograve;ng ti&#7873;n m&#7899;i &#273;ang quay l&#7841;i th&#7883; tr&#432;&#7901;ng crypto.
Nh&#7919;ng &#273;&#7897;ng th&aacute;i tr&ecirc;n di&#7877;n ra &#273;&uacute;ng l&uacute;c t&#7893;ng ngu&#7891;n cung stablecoin c&#7911;a Solana v&#432;&#7907;t m&#7889;c 15 t&#7927; USD, l&#7853;p &#273;&#7881;nh cao nh&#7845;t t&#7915; tr&#432;&#7899;c t&#7899;i nay.
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
&ldquo;&#272;i&#7873;u n&agrave;y cho th&#7845;y c&oacute; l&#432;&#7907;ng thanh kho&#7843;n m&#7899;i &#273;ang ch&#7843;y v&agrave;o m&#7841;ng l&#432;&#7899;i. Ph&iacute; giao d&#7883;ch r&#7867; c&ugrave;ng th&#7901;i gian x&aacute;c nh&#7853;n nhanh gi&uacute;p d&ograve;ng ti&#7873;n n&agrave;y &#273;&#432;&#7907;c s&#7917; d&#7909;ng hi&#7879;u qu&#7843;. N&oacute;i &#273;&#417;n gi&#7843;n, c&agrave;ng nhi&#7873;u stablecoin tr&ecirc;n Solana th&igrave; c&agrave;ng nhi&#7873;u v&#7889;n cho giao d&#7883;ch, thanh to&aacute;n v&agrave; ph&aacute;t tri&#7875;n &#7913;ng d&#7909;ng,&rdquo; nh&agrave; ph&acirc;n t&iacute;ch Milk Road <a href="https://x.com/MilkRoad/status/2008951883071975685" target="_blank" rel="noreferrer noopener nofollow">b&igrave;nh lu&#7853;n</a>.
</blockquote>

<img style="height:400px;width:640px;" decoding="async" src="https://assets.beincrypto.com/img/uZ21W4R2faIWfFXxe_rSYi20Lhc=/smart/4f9ae5e4ec4140ca9e4f4fe04c0ad4db" alt="Solana Stablecoin Supply. Source: SolanaFloor" class="wp-image-789459">T&#7893;ng ngu&#7891;n cung Stablecoin Solana. Ngu&#7891;n: <a href="https://x.com/SolanaFloor/status/2008907487421051058" target="_blank" rel="noreferrer noopener nofollow">SolanaFloor</a>

D&ugrave; v&#7853;y, con s&#7889; 15 t&#7927; USD n&agrave;y v&#7851;n kh&aacute; nh&#7887; n&#7871;u so v&#7899;i ngu&#7891;n cung stablecoin tr&ecirc;n Ethereum v&#7899;i h&#417;n 181 t&#7927; USD v&agrave; Tron l&agrave; h&#417;n 81 t&#7927; USD, theo th&#7889;ng k&ecirc; c&#7911;a <a href="https://tokenterminal.com/explorer/studio/dashboards/beb6623c-1f2e-4607-aa51-617b761605e9" target="_blank" rel="noreferrer noopener nofollow">Token Terminal</a>.
<h3 class="wp-block-heading" id="h-rwa-on-solana-rises-but-still-lags-behind-competitors">RWA tr&ecirc;n Solana t&#259;ng, nh&#432;ng v&#7851;n t&#7909;t l&#7841;i so v&#7899;i c&aacute;c &#273;&#7889;i th&#7911;</h3>

D&#7919; li&#7879;u t&#7915; RWA.xyz cho th&#7845;y t&#7893;ng gi&aacute; tr&#7883; t&agrave;i s&#7843;n th&#7921;c (kh&ocirc;ng t&iacute;nh stablecoin) tr&ecirc;n Solana &#273;&atilde; l&#7853;p &#273;&#7881;nh m&#7899;i, v&#432;&#7907;t qua 931 tri&#7879;u USD.
Nhu c&#7847;u &#273;&#7889;i v&#7899;i t&agrave;i s&#7843;n &#273;&atilde; &#273;&#432;&#7907;c token h&oacute;a c&#7911;a BlackRock hay VanEck, c&#361;ng nh&#432; c&aacute;c c&#7893; phi&#7871;u m&atilde; h&oacute;a c&#7911;a Tesla, NVIDIA, &#273;ang th&uacute;c &#273;&#7849;y xu h&#432;&#7899;ng n&agrave;y.
<img style="height:400px;width:640px;" decoding="async" src="https://assets.beincrypto.com/img/_s-Wtj6bXR2cr3pZtBIi4ot-QQw=/smart/2aa082f77daf4c39941ad395cd89056c" alt="Total RWA Value on Solana. Source: RWA" class="wp-image-789461">T&#7893;ng gi&aacute; tr&#7883; RWA tr&ecirc;n Solana. Ngu&#7891;n: <a href="https://app.rwa.xyz/networks/solana" target="_blank" rel="noreferrer noopener nofollow">RWA</a>

Tuy nhi&ecirc;n, Solana <a href="https://beincrypto.com/learn/solana-vs-ethereum/" target="_blank" rel="noreferrer noopener">kh&ocirc;ng ph&#7843;i l&agrave; l&#7921;a ch&#7885;n h&agrave;ng &#273;&#7847;u cho t&#7893; ch&#7913;c</a>. S&#7889; li&#7879;u t&#7915; RWA <a href="https://app.rwa.xyz/" target="_blank" rel="noreferrer noopener nofollow">cho th&#7845;y</a> Ethereum v&agrave; BNB Chain v&#7851;n l&agrave; hai blockchain d&#7851;n &#273;&#7847;u v&#7873; token h&oacute;a t&agrave;i s&#7843;n, v&#7899;i t&#7893;ng gi&aacute; tr&#7883; RWA l&#7847;n l&#432;&#7907;t kho&#7843;ng 12.7 t&#7927; USD v&agrave; 2 t&#7927; USD.
Solana h&#432;&#7903;ng l&#7907;i t&#7915; s&#7921; quan t&acirc;m ng&agrave;y c&agrave;ng t&#259;ng c&#7911;a t&#7893; ch&#7913;c &#273;&#7889;i v&#7899;i t&agrave;i s&#7843;n th&#7921;c v&agrave; stablecoin, tuy v&#7853;y m&#7841;ng l&#432;&#7899;i n&agrave;y v&#7851;n ch&#432;a thu h&#7865;p &#273;&#432;&#7907;c kho&#7843;ng c&aacute;ch v&#7899;i c&aacute;c &#273;&#7889;i th&#7911; l&#7899;n.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-lack-of-retail-participation-has-capped-price-performance">S&#7921; thi&#7871;u tham gia c&#7911;a nh&agrave; &#273;&#7847;u t&#432; nh&#7887; l&#7867; &#273;&atilde; gi&#7899;i h&#7841;n hi&#7879;u su&#7845;t gi&aacute;</h2>

D&ugrave; stablecoin v&agrave; RWA ph&aacute;t tri&#7875;n m&#7841;nh nh&#7901; nhu c&#7847;u l&#7899;n t&#7915; t&#7893; ch&#7913;c, d&#7919; li&#7879;u giao d&#7883;ch giao ngay l&#7841;i cho th&#7845;y s&#7921; tham gia c&#7911;a nh&agrave; &#273;&#7847;u t&#432; nh&#7887; l&#7867; kh&aacute; y&#7871;u. &#272;i&#7873;u n&agrave;y l&yacute; gi&#7843;i v&igrave; sao gi&aacute; SOL ch&#432;a ph&#7843;n &aacute;nh &#273;&#432;&#7907;c s&#7921; c&#7843;i thi&#7879;n m&#7841;nh m&#7869; c&#7911;a c&aacute;c y&#7871;u t&#7889; on-chain.
Theo d&#7919; li&#7879;u ho&#7841;t &#273;&#7897;ng giao d&#7883;ch giao ngay Solana c&#7911;a CryptoQuant, c&aacute;c &#273;&#7907;t t&#259;ng m&#7841;nh c&#7911;a SOL v&agrave;o n&#259;m 2021 v&agrave; 2024 &#273;&#7873;u tr&ugrave;ng v&#7899;i th&#7901;i &#273;i&#7875;m c&oacute; l&#432;&#7907;ng giao d&#7883;ch t&#7915; nh&agrave; &#273;&#7847;u t&#432; nh&#7887; l&#7867; b&ugrave;ng n&#7893; &ndash; xu&#7845;t hi&#7879;n d&#432;&#7899;i d&#7841;ng v&ugrave;ng &#273;&#7887; tr&ecirc;n bi&#7875;u &#273;&#7891;.
<img style="height:400px;width:640px;" decoding="async" src="https://assets.beincrypto.com/img/QazMPlHu6jEfGE6cH4_okd79H5E=/smart/7cfd9c7f11394c5cb0e017d35e99724b" alt="Solana Spot Retail Activity. Source: CryptoQuant." class="wp-image-789463">Ho&#7841;t &#273;&#7897;ng nh&agrave; &#273;&#7847;u t&#432; nh&#7887; l&#7867; tr&ecirc;n Solana giao ngay. Ngu&#7891;n: <a href="https://cryptoquant.com/insights/quicktake/695ec43b4c7a21121994f674-Ethereum-and-Key-Altcoins-to-Watch-Heading-Into-2026" target="_blank" rel="noreferrer noopener nofollow">CryptoQuant</a>.

D&ugrave; v&#7853;y, d&#7919; li&#7879;u t&#7915; s&agrave;n cho th&#7845;y trong hai n&#259;m qua, kh&ocirc;ng c&ograve;n nhi&#7873;u s&#7921; tham gia c&#7911;a nh&agrave; &#273;&#7847;u t&#432; nh&#7887; l&#7867; &#7903; v&ugrave;ng gi&aacute; tr&ecirc;n 100 USD. &#272;i&#7873;u n&agrave;y l&agrave; m&#7897;t ph&#7847;n nguy&ecirc;n nh&acirc;n khi&#7871;n gi&aacute; SOL ch&#432;a th&#7875; b&#7913;t ph&aacute;.
N&#7871;u &#273;i&#7873;u ki&#7879;n th&#7883; tr&#432;&#7901;ng thay &#273;&#7893;i r&#7897;ng h&#417;n v&agrave; nh&agrave; &#273;&#7847;u t&#432; nh&#7887; l&#7867; quay tr&#7903; l&#7841;i, s&#7921; tham gia c&#7911;a h&#7885; c&oacute; th&#7875; k&#7871;t h&#7907;p c&ugrave;ng c&aacute;c t&#7893; ch&#7913;c, m&#7903; ra chu k&#7923; t&#259;ng gi&aacute; m&#7899;i cho SOL.

Nhu cầu từ các tổ chức đang tăng, nhưng tại sao giá Solana chưa bùng nổ?

T&#7893;ng gi&aacute; tr&#7883; t&agrave;i s&#7843;n r&ograve;ng c&#7911;a c&aacute;c Solana ETF t&#7841;i M&#7929; &#273;&atilde; v&#432;&#7907;t 1 t&#7927; USD v&agrave;o &#273;&#7847;u n&#259;m 2026. Tuy nhi&ecirc;n, SOL &#273;&atilde; gi&#7843;m h&#417;n 50% trong v&ograve;ng m&#7897;t n&#259;m qua v&agrave; hi&#7879;n &#273;ang giao d&#7883;ch quanh m&#7913;c gi&aacute; t&#7915;ng xu&#7845;t hi&#7879;n hai n&#259;m tr&#432;&#7899;c. K&#7871;t qu&#7843; n&agrave;y c&oacute; l&#7869; &#273;&atilde; khi&#7871;n nhi&#7873;u nh&agrave; &#273;&#7847;u t&#432; c&#7843;m th&#7845;y th&#7845;t v&#7885;ng.
B&ecirc;n c&#7841;nh c&aacute;c ETF SOL, m&#7841;ng l&#432;&#7899;i Solana &#273;&atilde; ghi nh&#7853;n nhi&#7873;u c&#7897;t m&#7889;c quan tr&#7885;ng, th&#7875; hi&#7879;n s&#7913;c h&uacute;t v&#7899;i c&aacute;c nh&agrave; &#273;&#7847;u t&#432; t&#7893; ch&#7913;c. Tuy nhi&ecirc;n, nh&#7919;ng ph&aacute;t tri&#7875;n n&agrave;y v&#7851;n ch&#432;a &#273;&#7911; &#273;&#7875; l&agrave;m h&agrave;i l&ograve;ng c&aacute;c nh&agrave; &#273;&#7847;u t&#432; nh&#7887; l&#7867;.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-stablecoin-demand-grows-on-solana-in-early-2026">Nhu c&#7847;u stablecoin t&#259;ng tr&ecirc;n Solana v&agrave;o &#273;&#7847;u n&#259;m 2026</h2>

&#7910;y ban Stable Token t&#7841;i Wyoming g&#7847;n &#273;&acirc;y &#273;&atilde; <a href="https://x.com/wyostable/status/2008947847509758286" target="_blank" rel="noreferrer noopener nofollow">ph&aacute;t h&agrave;nh stablecoin FRNT</a> tr&ecirc;n blockchain Solana. &#272;&acirc;y l&agrave; l&#7847;n &#273;&#7847;u ti&ecirc;n m&#7897;t t&#7893; ch&#7913;c c&ocirc;ng l&#7853;p &#7903; M&#7929; ra m&#7855;t stablecoin v&#7899;i qu&#7929; d&#7921; tr&#7919; <a href="https://x.com/FTDA_US/status/2008950653209481280" target="_blank" rel="noreferrer noopener nofollow">&#273;&#432;&#7907;c Franklin Templeton qu&#7843;n l&yacute;</a>.
Tr&#432;&#7899;c &#273;&oacute;, Jupiter &#273;&atilde; <a href="https://x.com/JupiterExchange/status/2008194276392620519" target="_blank" rel="noreferrer noopener nofollow">gi&#7899;i thi&#7879;u</a> stablecoin JupUSD tr&ecirc;n Solana ph&#7889;i h&#7907;p c&ugrave;ng Ethena Labs. Kho&#7843;ng 90% d&#7921; tr&#7919; c&#7911;a JupUSD l&agrave; USDtb &#273;&#432;&#7907;c h&#7853;u thu&#7851;n b&#7903;i qu&#7929; BUIDL &#273;&atilde; m&atilde; h&oacute;a c&#7911;a BlackRock, c&ograve;n l&#7841;i 10% n&#7857;m &#7903; USDC.
Sau nh&#7919;ng di&#7877;n bi&#7871;n n&agrave;y, The Kobeissi Letter &#273;&#432;a tin v&agrave;o ng&agrave;y 08/01/2026 r&#7857;ng ngu&#7891;n cung stablecoin tr&ecirc;n Solana &#273;&atilde; t&#259;ng h&#417;n 900 tri&#7879;u USD ch&#7881; trong 24 gi&#7901;. B&aacute;o c&aacute;o n&agrave;y cho r&#7857;ng s&#7921; t&#259;ng v&#7885;t n&agrave;y c&oacute; th&#7875; b&aacute;o hi&#7879;u d&ograve;ng ti&#7873;n m&#7899;i &#273;ang quay l&#7841;i th&#7883; tr&#432;&#7901;ng crypto.
Nh&#7919;ng &#273;&#7897;ng th&aacute;i tr&ecirc;n di&#7877;n ra &#273;&uacute;ng l&uacute;c t&#7893;ng ngu&#7891;n cung stablecoin c&#7911;a Solana v&#432;&#7907;t m&#7889;c 15 t&#7927; USD, l&#7853;p &#273;&#7881;nh cao nh&#7845;t t&#7915; tr&#432;&#7899;c t&#7899;i nay.
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
&ldquo;&#272;i&#7873;u n&agrave;y cho th&#7845;y c&oacute; l&#432;&#7907;ng thanh kho&#7843;n m&#7899;i &#273;ang ch&#7843;y v&agrave;o m&#7841;ng l&#432;&#7899;i. Ph&iacute; giao d&#7883;ch r&#7867; c&ugrave;ng th&#7901;i gian x&aacute;c nh&#7853;n nhanh gi&uacute;p d&ograve;ng ti&#7873;n n&agrave;y &#273;&#432;&#7907;c s&#7917; d&#7909;ng hi&#7879;u qu&#7843;. N&oacute;i &#273;&#417;n gi&#7843;n, c&agrave;ng nhi&#7873;u stablecoin tr&ecirc;n Solana th&igrave; c&agrave;ng nhi&#7873;u v&#7889;n cho giao d&#7883;ch, thanh to&aacute;n v&agrave; ph&aacute;t tri&#7875;n &#7913;ng d&#7909;ng,&rdquo; nh&agrave; ph&acirc;n t&iacute;ch Milk Road <a href="https://x.com/MilkRoad/status/2008951883071975685" target="_blank" rel="noreferrer noopener nofollow">b&igrave;nh lu&#7853;n</a>.
</blockquote>

<img style="height:400px;width:640px;"decoding="async" src="https://assets.beincrypto.com/img/uZ21W4R2faIWfFXxe_rSYi20Lhc=/smart/4f9ae5e4ec4140ca9e4f4fe04c0ad4db" alt="Solana Stablecoin Supply. Source: SolanaFloor" class="wp-image-789459">T&#7893;ng ngu&#7891;n cung Stablecoin Solana. Ngu&#7891;n: <a href="https://x.com/SolanaFloor/status/2008907487421051058" target="_blank" rel="noreferrer noopener nofollow">SolanaFloor</a>

D&ugrave; v&#7853;y, con s&#7889; 15 t&#7927; USD n&agrave;y v&#7851;n kh&aacute; nh&#7887; n&#7871;u so v&#7899;i ngu&#7891;n cung stablecoin tr&ecirc;n Ethereum v&#7899;i h&#417;n 181 t&#7927; USD v&agrave; Tron l&agrave; h&#417;n 81 t&#7927; USD, theo th&#7889;ng k&ecirc; c&#7911;a <a href="https://tokenterminal.com/explorer/studio/dashboards/beb6623c-1f2e-4607-aa51-617b761605e9" target="_blank" rel="noreferrer noopener nofollow">Token Terminal</a>.
<h3 class="wp-block-heading" id="h-rwa-on-solana-rises-but-still-lags-behind-competitors">RWA tr&ecirc;n Solana t&#259;ng, nh&#432;ng v&#7851;n t&#7909;t l&#7841;i so v&#7899;i c&aacute;c &#273;&#7889;i th&#7911;</h3>

D&#7919; li&#7879;u t&#7915; RWA.xyz cho th&#7845;y t&#7893;ng gi&aacute; tr&#7883; t&agrave;i s&#7843;n th&#7921;c (kh&ocirc;ng t&iacute;nh stablecoin) tr&ecirc;n Solana &#273;&atilde; l&#7853;p &#273;&#7881;nh m&#7899;i, v&#432;&#7907;t qua 931 tri&#7879;u USD.
Nhu c&#7847;u &#273;&#7889;i v&#7899;i t&agrave;i s&#7843;n &#273;&atilde; &#273;&#432;&#7907;c token h&oacute;a c&#7911;a BlackRock hay VanEck, c&#361;ng nh&#432; c&aacute;c c&#7893; phi&#7871;u m&atilde; h&oacute;a c&#7911;a Tesla, NVIDIA, &#273;ang th&uacute;c &#273;&#7849;y xu h&#432;&#7899;ng n&agrave;y.
<img style="height:400px;width:640px;"decoding="async" src="https://assets.beincrypto.com/img/_s-Wtj6bXR2cr3pZtBIi4ot-QQw=/smart/2aa082f77daf4c39941ad395cd89056c" alt="Total RWA Value on Solana. Source: RWA" class="wp-image-789461">T&#7893;ng gi&aacute; tr&#7883; RWA tr&ecirc;n Solana. Ngu&#7891;n: <a href="https://app.rwa.xyz/networks/solana" target="_blank" rel="noreferrer noopener nofollow">RWA</a>

Tuy nhi&ecirc;n, Solana <a href="https://beincrypto.com/learn/solana-vs-ethereum/" target="_blank" rel="noreferrer noopener">kh&ocirc;ng ph&#7843;i l&agrave; l&#7921;a ch&#7885;n h&agrave;ng &#273;&#7847;u cho t&#7893; ch&#7913;c</a>. S&#7889; li&#7879;u t&#7915; RWA <a href="https://app.rwa.xyz/" target="_blank" rel="noreferrer noopener nofollow">cho th&#7845;y</a> Ethereum v&agrave; BNB Chain v&#7851;n l&agrave; hai blockchain d&#7851;n &#273;&#7847;u v&#7873; token h&oacute;a t&agrave;i s&#7843;n, v&#7899;i t&#7893;ng gi&aacute; tr&#7883; RWA l&#7847;n l&#432;&#7907;t kho&#7843;ng 12.7 t&#7927; USD v&agrave; 2 t&#7927; USD.
Solana h&#432;&#7903;ng l&#7907;i t&#7915; s&#7921; quan t&acirc;m ng&agrave;y c&agrave;ng t&#259;ng c&#7911;a t&#7893; ch&#7913;c &#273;&#7889;i v&#7899;i t&agrave;i s&#7843;n th&#7921;c v&agrave; stablecoin, tuy v&#7853;y m&#7841;ng l&#432;&#7899;i n&agrave;y v&#7851;n ch&#432;a thu h&#7865;p &#273;&#432;&#7907;c kho&#7843;ng c&aacute;ch v&#7899;i c&aacute;c &#273;&#7889;i th&#7911; l&#7899;n.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-lack-of-retail-participation-has-capped-price-performance">S&#7921; thi&#7871;u tham gia c&#7911;a nh&agrave; &#273;&#7847;u t&#432; nh&#7887; l&#7867; &#273;&atilde; gi&#7899;i h&#7841;n hi&#7879;u su&#7845;t gi&aacute;</h2>

D&ugrave; stablecoin v&agrave; RWA ph&aacute;t tri&#7875;n m&#7841;nh nh&#7901; nhu c&#7847;u l&#7899;n t&#7915; t&#7893; ch&#7913;c, d&#7919; li&#7879;u giao d&#7883;ch giao ngay l&#7841;i cho th&#7845;y s&#7921; tham gia c&#7911;a nh&agrave; &#273;&#7847;u t&#432; nh&#7887; l&#7867; kh&aacute; y&#7871;u. &#272;i&#7873;u n&agrave;y l&yacute; gi&#7843;i v&igrave; sao gi&aacute; SOL ch&#432;a ph&#7843;n &aacute;nh &#273;&#432;&#7907;c s&#7921; c&#7843;i thi&#7879;n m&#7841;nh m&#7869; c&#7911;a c&aacute;c y&#7871;u t&#7889; on-chain.
Theo d&#7919; li&#7879;u ho&#7841;t &#273;&#7897;ng giao d&#7883;ch giao ngay Solana c&#7911;a CryptoQuant, c&aacute;c &#273;&#7907;t t&#259;ng m&#7841;nh c&#7911;a SOL v&agrave;o n&#259;m 2021 v&agrave; 2024 &#273;&#7873;u tr&ugrave;ng v&#7899;i th&#7901;i &#273;i&#7875;m c&oacute; l&#432;&#7907;ng giao d&#7883;ch t&#7915; nh&agrave; &#273;&#7847;u t&#432; nh&#7887; l&#7867; b&ugrave;ng n&#7893; &ndash; xu&#7845;t hi&#7879;n d&#432;&#7899;i d&#7841;ng v&ugrave;ng &#273;&#7887; tr&ecirc;n bi&#7875;u &#273;&#7891;.
<img style="height:400px;width:640px;"decoding="async" src="https://assets.beincrypto.com/img/QazMPlHu6jEfGE6cH4_okd79H5E=/smart/7cfd9c7f11394c5cb0e017d35e99724b" alt="Solana Spot Retail Activity. Source: CryptoQuant." class="wp-image-789463">Ho&#7841;t &#273;&#7897;ng nh&agrave; &#273;&#7847;u t&#432; nh&#7887; l&#7867; tr&ecirc;n Solana giao ngay. Ngu&#7891;n: <a href="https://cryptoquant.com/insights/quicktake/695ec43b4c7a21121994f674-Ethereum-and-Key-Altcoins-to-Watch-Heading-Into-2026" target="_blank" rel="noreferrer noopener nofollow">CryptoQuant</a>.

D&ugrave; v&#7853;y, d&#7919; li&#7879;u t&#7915; s&agrave;n cho th&#7845;y trong hai n&#259;m qua, kh&ocirc;ng c&ograve;n nhi&#7873;u s&#7921; tham gia c&#7911;a nh&agrave; &#273;&#7847;u t&#432; nh&#7887; l&#7867; &#7903; v&ugrave;ng gi&aacute; tr&ecirc;n 100 USD. &#272;i&#7873;u n&agrave;y l&agrave; m&#7897;t ph&#7847;n nguy&ecirc;n nh&acirc;n khi&#7871;n gi&aacute; SOL ch&#432;a th&#7875; b&#7913;t ph&aacute;.
N&#7871;u &#273;i&#7873;u ki&#7879;n th&#7883; tr&#432;&#7901;ng thay &#273;&#7893;i r&#7897;ng h&#417;n v&agrave; nh&agrave; &#273;&#7847;u t&#432; nh&#7887; l&#7867; quay tr&#7903; l&#7841;i, s&#7921; tham gia c&#7911;a h&#7885; c&oacute; th&#7875; k&#7871;t h&#7907;p c&ugrave;ng c&aacute;c t&#7893; ch&#7913;c, m&#7903; ra chu k&#7923; t&#259;ng gi&aacute; m&#7899;i cho SOL.