Solana has drawn contemporary reward from one nook of the crypto world this week, with a senior asset supervisor saying the chain might turn into Wall Avenue’s go-to community for stablecoins and tokenized real-world belongings.
The remark comes as market members weigh velocity and settlement options alongside uncooked on-chain greenback totals.
Bitwise Calls Solana ‘The New Wall Avenue’
In line with Bitwise’s chief funding officer, Matt Hougan, conventional finance is beginning to take Solana severely due to its transaction velocity and finality, options that attraction to institutional merchants who care about fast settlement.
Hougan made the remarks whereas talking with Solana Labs’ Akshay Rajan on Oct. 2. He pointed to an enchancment in settlement instances from about 400 microseconds to roughly 150 microseconds as a sensible instance of why some traders are watching Solana intently.
That technical case is barely a part of the image. Market measurement nonetheless favors different networks by a big margin. In line with on-chain analytics cited in current stories, stablecoin provides on Solana stand at near $14 billion, or roughly 4.5% of the on-chain stablecoin market.
Sure it’s @solana. Thrilling instances forward. https://t.co/pVX1WTGfx4
— Matt Hougan (@Matt_Hougan) October 4, 2025
In contrast, Ethereum holds about $173 billion, or almost 60% of the market by itself — a share that stretches to 65% when main layer-two networks comparable to Arbitrum, Base and Polygon are counted. These figures underline how a lot floor Solana would wish to cowl to displace Ethereum for many stablecoin issuance.
Ethereum Nonetheless Dominates Stablecoins
Voices from the EVM ecosystem have pushed again. AJ Warner, chief strategic officer at Offchain Labs, argued that whereas whole worth locked is just one metric, the EVM atmosphere stays the apparent place to launch new stablecoins due to developer instruments and current integrations.
That view displays a cautious stance from elements of conventional finance that favor techniques with lengthy observe information and broad tooling.
Bitwise’s personal strikes present the agency is betting each methods. The corporate already runs a Bitwise Bodily Solana ETP with roughly $30 million in belongings beneath administration, a small sum in contrast with Bitcoin and Ether merchandise however a concrete step towards giving traders publicity to SOL through institutional custody and acquainted fund constructions.
On The Edge Of One thing Massive
If Solana’s velocity and effectivity can win over the identical bankers who as soon as doubted crypto altogether, Wall Avenue’s stablecoin crown could not relaxation with Ethereum for lengthy.
The chain’s rise from an experimental community to a possible monetary spine exhibits how briskly sentiment can shift when efficiency meets function.
Whether or not it’s by Bitwise’s upcoming ETF or broader institutional adoption, Solana now stands on the sting of one thing uncommon in crypto — an opportunity to reshape how the largest gamers transfer cash.
Featured picture from Unsplash, chart from TradingView
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