Lily Liu: Solana is not just a technical network, but an emerging global capital and application infrastructure. In her speech at Breakpoint 2025, Solana Foundation Chair @calilyliu emphasized that Solana is not a single product or company, but a comprehensive system that plays different roles for various participants: For validators and core developers, it’s a high-speed, low-cost network; for application builders, it’s the technical platform that supports product operations; and for asset issuers and investors, Solana is evolving into a native on-chain capital market. Lily pointed out that the long-term prosperity of the Solana ecosystem depends on whether three key layers can develop healthily at the same time: Whether the network itself continues to get faster and cheaper, whether the application layer has real business models, and whether the capital market is efficient and scalable. Only when these three components are sustainable can Solana truly support global-scale applications and financial activities. She stated that Solana is continuously pushing the boundaries of blockchain performance by increasing bandwidth, reducing latency, and optimizing infrastructure, preparing for the next phase of large-scale applications and financial scenarios.