Something feels off on Solana right now. Not in price first… in activity. Revenue across apps has been trending lower for a while, even when price was holding up. At the same time, perps tell a similar story. Positioning looks neutral at best, with no real urgency from buyers. What’s interesting is that volume Instead of disappear, moved. Perp activity is clearly clustering around platforms built specifically for it, not general-purpose chains. So it’s not a demand issue. It’s a where issue. And where does that flow anchor next?