Crypto Asset Management Firm Bitwise, Matt Hougan investment officer, thinks Solana will be the Wall Street network selected for Stablecoins and tokenization of real-world assets.
“I think Solana is the new Wall Street,” Says HOUSANG, talking to Solana Labs’ Akshay Rajan on October 2. He added that the Wall Street Consider the audiences Bitcoin (Btc) “Verymeral” and “It’s hard to spin their heads.”
They’ll see what’s going on in the stablecoin space and tokenization, and they know it’s going to be “huge significant,” he said before adding, “really important people say that stablecoins will re -change payments and tokenization will revise stock, bond, commodity, and real estate market.
If they look at how to invest, the answer is in the blockchain space, and when they examine the blockchain space, “the speed, the throughput, the end of Solana seems to be attractive -attractive -attractive.”
Hougan cited improvements from 400 microseconds to 150 microseconds at the speed of the negotiation, saying that this makes sense to them because that’s how they want to trade.
Ethereum is still Stablecoin King
Stablecoin supplies in Solana grew to $ 13.9 billion, giving it According to To RWA.XYZ.
This is still a Minnow compared to industry leader Ethereum (Eth), which has $ 172.5 billion in the cost of onchain stablecoin and a market distribution of 59%. It rises to 65% when Ethereum layer-2 networks such as arbitrum, base, and polygon are included.
Offchain Labs’ Chief Strategic Officer, AJ Warner, compared The total amount of Solana and Ethereum locked on Saturday, saying, “TVL is definitely not all, but I don’t think you can doubt where the best place is to launch new stablecoins. Build within EVM.”
Pretty big in Solana
This is not the first time the Bitwise executives have been cheating up with Solana (Sol). Speaking In Cointelegraph in Token2049 in Singapore last week, Bitwise Hunter Horsley said Solana could get an edge to Ethereum at Staking exchange-traded fund (ETF) Market, citing its design as more desirable for investors.
He said Solana’s unstable period was faster than Ethereum’s, which is important because “ETFs need to restore genitals in a very short time. So this is a big challenge.”
Related: Can Solana rival Wall Street? Kyle Samani thinks
Bitwise Solana ETF decisions because soon
The company offers a fund called Bitwise Physical Solana ETP that provides investors on Sol exposure through a fully backed, physically held structure with grade-institutional caution. Interest is mute in comparison to BTC or ETH-based ETF, with only $ 30 million in properties under management, According to In bitwise.
The firm also has a place Solana ETF awaiting the SEC Approval of a queue with the final decision due to October 16th.
SOL prices exchanged 2% in the day at $ 227 at the time of writing. The property remains more than 22% from January 2025 all-time high.
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