Launched at a very high valuation ($6-8B FDV) which was considered excessive compared to peers like Jito. The tokenomics and a 'dual token equity structure' are viewed as long-term risk factors.

Represents a 'picks and shovels' investment on the growth of the Solana network. Its success is tied to the increasing need for high-performance infrastructure to support professional on-chain trading.

Received a rare SEC 'no action letter', which is a major bullish catalyst and de-risking event. This provides a significant competitive advantage for onboarding institutional clients.