The whole internet seems to be criticizing Pumpfun as a form of political correctness However, JITO is also a major pump in the entire Solana industry Last year, there were approximately 670 million level entities Not inferior to Pump As for Solana's annual verification and priority fee income, it is approximately 1.4B As for Tradingbot on Solana, from Photon, Trojan, GMGN, BullX., the total annual output is no less than 500 M Isn't it worse than Pumpfun that these projects haven't issued coins yet, only pumping water? Why isn't anyone cursing? By the way, I searched for some information to think about and verify PIMA's valuation logic for public chains According to Pima's valuation logic, verifying the PE multiple of the cost income corresponding to the project, Solana should currently be around 45PE It's indeed quite expensive The total validator income of ETH each year includes the total validator income of the entire network, with priority fees, MEV, and consensus rewards around 4B. A market value of 300B corresponds to 70PE So ETH is too expensive ETH is not SOV. Of course, this industry is all about hype, and no one knows if its value will return in the long run