Solana, a blockchain network known for its connection to meme coins, is also attracting interest from financial institutions looking to build products. Unlike Ethereum, Solana does not face the same challenges when it comes to transaction throughput and cheap fees. While Ethereum has seen institutional interest and the launch of tokenized funds, Solana is also seeing interest from asset managers, high net worth holders, and hedge funds. Financial giants such as Franklin Templeton, Citibank, and Société Générale have also announced Solana-based projects. Despite Ethereum's advantages, such as being the oldest and largest smart contract blockchain, it has its own risks and uncertainties, particularly around transaction fees and scalability. Solana's cheap transactions and low throughput offer a more straightforward solution, although Ethereum benefits from more regulatory clarity in the United States. Solana is also underestimated in terms of technical innovations and the mindset of its builders, who prioritize user needs and scalability.
- Content Editor ( coindesk.com )
- 2024-11-05
‘It’s So Early’: How Solana Is Competing With Ethereum for Institutional Interest