Solana is increasingly essential in the crypto universe thanks to its speed of execution and the almost instantaneous purpose of its transactions. These qualities do not escape traditional finance. Matt Hougan, Director of Investments at Bitwise, believes that Solana could become the blocchain favored by Wall Street for stablecoins and tokenization of real assets, even if Ethereum keeps the first place today. According to him, Solana already meets the technical and regulatory requirements of major financial institutions.
In short
- Bitwise’s investment director Matt Hougan believes that Solana's efficiency positions him to become a leader in stablecoin growth and real asset tokenization.
- The network's ability to achieve the purpose of microsecond transactions highlights its technical advantages in the face of other blockchains.
From the uncertainty of Bitcoin to the clarity of Solana
Hougan stresses that, although Bitcoin is the best known crypto, many investors are still struggling to understand the mechanisms. Conversely, stablecoins and token assets offer a more concrete and more accessible approach to the crypto market.
For actors in global finance, these innovations represent an opportunity to lastingly transform payments and traditional markets. As this potential becomes clearer, the interest of institutional investors intensifies, and blockchain appears to be the basic technology to support this transition.
According to Hougan, Solana's technical performance makes it an ideal candidate. Its high speed and its almost instantaneous purpose, with validated transactions in approximately 400 microseconds (and up to 150 microseconds in some cases), perfectly meet the needs for speed and reliability of large institutions.
When they compare blockchains, institutional investors are impressed by Solana's speed and purpose. We can literally say that it reaches the finality in the blink of an eye, between 400 and 150 microseconds. It speaks to them immediately.
Matt Hougan
Solana is gaining ground on the Stablecoins market
If Ethereum still dominates the market further, Solana has carved out a remarkable place.
After Rwa.xyz datathe total capitalization of the stablecoins reaches 292.73 billion dollars, distributed as follows:
- Ethereum remains in the lead with 172.6 billion dollars, or 58 % of the market.
- Tron follows with 77 billion, representing 26 % of assets.
- Solana, for its part, has 13.9 billion, or about 4 % of the total.
A different perspective on the DEFI and the TVL
AJ Warner, strategic director at Offchain Labs, nuance however the analysis :: “The cleat of total locked value (TVL) between Ethereum and Solana is about fifteen times higher than that separating Solana from other blockchains. TVL is not everything, but it is difficult to deny that the EVM remains the strongest place to launch new stablecoins. »»
At the same time, Bitwise leaders have also shown growing interest in Solana, but for other reasons. Last week, CEO Hunter Horsley explained that the architecture of the network lends itself particularly well to Staking via ETF. He said Solana allows faster disengagement than Ethereum, an advantage for funds needing immediate access to their assets. Currently, the token is negotiated around $ 232, up approximately 2 % over the last 24 hours.
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