The reason it still on the top L1 is because majority of holders of solana are the top whales and only few retailers. How can you move it down if almost all are being hold by few people while others are totally different. They can really maintain their high valuation in contrast to others. So I think thats a good way to say they are on top of L1. But in terms of technical or product there are far way more greater than solana. Remember how they network got off many times before? Isnt that a bad sign in security aspect hence they arent go down that massively? Well you can tell why (my first reason).