2026-01-17 21:36:45

Watching funds continuously flow into some new projects with weak infrastructure is indeed a deep pit. But it also gives opportunities to teams that truly understand technology and have execution capabilities.

The valuation logic of some projects in the Solana ecosystem is quite interesting. Take Tomato, for example, with a market cap of 23M, its code quality and founding team background determine its future potential. Projects like Lumen, from the perspective of tech stack and development progress, indeed have explosive potential.

Ultimately, this market is still filtering—which projects are built on solid technical foundations, and which are just hype. A good founder plus good code—that's what a successful project should look like.

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GweiTooHigh

· 8h ago

Honestly, it all depends on who can settle down and write good code without messing around with flashy stuff. Tomato's 23M market cap still has room for growth, but the prerequisite is that the team stops slacking off. Funds are all piling into new projects, with trash projects being cut one after another—nothing surprising anymore. The ones that can truly survive are those with real technology; others are just running alongside. Lumen seems to have some potential; their tech stack looks serious. In the end, it's about the big waves washing away the sand—code and people determine everything, everything else is superficial.

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MoodFollowsPrice

· 8h ago

Tomato with a 23M market cap is really worth a deep dive; solid code is the key to success. Solana is indeed in a gold rush this round; many trash projects are dying out, only the good ones will survive. The founder's technical skills are lacking; no matter how much funding there is, it’s useless. Lumen’s tech stack looks good, but whether the development team is reliable is the real key. Basically, it’s about who can do the job well, not who can tell the best story. Code quality can’t be fooled; in the end, it’s all about technical competence. This market is really polarized now—either very strong or very weak, with no middle ground. If Tomato can survive until the next funding round, it means something.

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ShortingEnthusiast

· 8h ago

23M market cap Tomato is really worth watching, code doesn't lie --- I've been paying close attention to this Lumen deal, the tech stack is indeed solid --- Another bunch of air projects are just bloodsucking, so annoying --- Is the founder or the code more important? Seems like a good team with bad code is pointless --- Filtering is useless, retail investors still have to rely on luck... --- Solana's recent ecosystem cleanup is a good thing; driving out bad coins is too much --- Ultimately, it's still about information asymmetry. How can I know who has solid technology? --- Is 23M too late to get in? Entering at this point feels a bit timid --- Agreed, without real skills you'll eventually fall behind

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GateUser-c799715c

· 8h ago

Honestly, when Tomato had a 23M market cap, some people were indeed underestimating it. Has it undergone a code audit? --- I'm also paying attention to Lumen, but it depends on whether they can truly implement the technology. Just talking about it is useless. --- Filtering projects sounds nice, but it's really just betting on the founder's character and whether they can work overtime. --- The most annoying thing about the Solana ecosystem is that a bunch of air coins are mixed with real projects, making it hard to tell the difference. --- Good code is indeed scarce, but the market cares more about charts, and that's the cruel reality. --- It feels like another round of failures is coming; only the survivors are truly valuable. --- How is Tomato's team background? I haven't heard of them. --- Projects with weak infrastructure are desperately raising funds, and that's the real problem. --- Strong execution ability is truly rare; most founders just tell stories.

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NervousFingers

· 8h ago

Honestly, the Solana ecosystem is currently a big sieve, with way too many trash projects. I've looked into Tomato, and the code is indeed solid, but it depends on whether the founder can withstand the pressure in the future. I've been paying attention to Lumen for a while. The tech stack is good, but the fundraising progress is a bit slow... But then again, those who can take their time are usually the real deal. --- Founder and code, both are indispensable. It seems most projects fail because of these two issues. --- Capital flow is indeed chaotic. But that's how our industry filters projects—good projects will naturally rise to the top, while trash sinks to the bottom. --- Wait, can Tomato really raise 23M? It seems like everyone in the same track is just hyping... --- Exactly, having technical skills alone isn't enough; you also need someone who can operate well. I've seen many projects with excellent code fail because of a weak team.

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liquiditea_sipper

· 8h ago

To be honest, Tomato with a market cap of 23M is indeed easy to overlook, but code doesn't lie. I remain cautious about Lumen; the tech stack is impressive, but execution is still a question mark. Funds flowing into trash projects are nothing new; I actually favor those quietly working on development.

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AllTalkLongTrader

· 8h ago

Honestly, I'm a bit interested in Tomato with a $23M valuation, but I need to review the code quality myself—don't be fooled by the team's background. The Solana ecosystem is like that; it can skyrocket today and crash to zero tomorrow. You still need to dig into the code to see clearly. It's quite normal for funds to flow into poor projects; after all, there are plenty of retail investors. This way, real builders still have a chance. Lumen? I've heard of it but haven't studied it deeply. If there's an insider, please share some links. The narrative that founders plus code is the key—I've heard it a hundred times, but in reality, truly impressive teams are rare... Remember those projects that claimed to be about technology? What happened to them later? Most of them are silent now.

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