In fact, Solana initially launched with an 8% inflation rate, but with a 15% annual decline, it is currently at 4%. It will take approximately 5-6 years to reach the target 1.5% inflation rate. SIMD-0411 was proposed to halve this period, but with stakeholders, including major VCs, and internal staff currently focused on infrastructure improvements rather than adjusting tokenomics, there are no clear signs of its passage in the near future. There is no doubt that Solana is a sufficiently large asset. There is also a clear move to position Solana as a strategic asset similar to Ethereum, actively promoting ETFs and the ETF+DeFi pipeline, and to persuade institutional investors by promoting the narrative of an "internet capital market." However, from an institutional perspective, a significant amount of tokens are still concentrated in VCs (and early validators), and inflation remains high, raising some skepticism about whether they can be considered an attractive investment asset at this point. Perhaps this is the ultimate dilemma for PoS networks, which diluted too much tokens early on.