The coin itself has been stuck with 170m FDV for quite a while and it has existed from 2022, the utility is also minimal.
If we're talking about giant in the solana ecosystem there are plenty already and most of them are focused on defi instead of infrastructure.
I prefer to bet on lending/dex/perp dex platform than an infrastructure project.
Yes, Defi is the largest on Solana because they provide and serve as a crucial bridge for every transaction activity. Infrastructure is complementary but not overpowering. I don't think MPLX is a concern because it serves as the primary channel/main infrastructure for meeting community needs.
Isn't being a LP more attractive, and the benefits can be varied?
Yeah, DeFi is definitely the backbone on Solana everything flows through it. MPLX plays its part as key infrastructure, but it's not trying to overshadow the rest. Being an LP can be attractive, sure, especially with the right incentives, but it really depends on the risk/reward you're comfortable with.
I see MPLX does have a pretty big vision as an infrastructure for creating tokens and NFTs on the Solana network based on Onchain, with it perhaps becoming easier, seeing the data I read they generated $36 million from 900 assets that have been created and $10 billion for transaction value, this may be interesting, but whether it will survive or not, all projects will be tested after entering a bear market, where there are many projects that have fallen.