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Solana ‘Makes Sense’ as Treasury Play, Says Cantor — Ethereum Left Behind?
- Cantor Fitzgerald sees Solana as a strong option for corporate treasuries due to its speed and low fees, suggesting it as an alternative to Ethereum.
- They initiated coverage on three public companies - DeFi Development, Upexi, and Sol Strategies - giving them an overweight rating.
- DeFi Development Corp has accumulated a significant amount of SOL, positioning itself well for potential capital raising.
- Upexi acquired a large amount of SOL through private placement and staking, aiming to raise capital with a projected premium.
- Sol Strategies raised funds to acquire SOL and expand their operations through convertible debentures and notes.
- Solana can handle up to 65,000 transactions per second with minimal fees, standing out from Ethereum's scalability.
- Cantor emphasized Solana's growth potential as a full-stack financial operating system with increasing developer activity.
- Despite its momentum, Solana is still more volatile than Bitcoin and holds less total value locked compared to Ethereum.
- Solana currently has around $8.63 billion in assets locked in DeFi protocols, while Ethereum boasts $63.5 billion.
- SOL is trading at about $152, up 8.24% in the last 24 hours, whereas ETH is trading near $2,585, with a 3.41% increase.
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