Solana has drawn contemporary reward from one nook of the crypto world this week, with a senior asset supervisor saying the chain might grow to be Wall Road’s go-to community for stablecoins and tokenized real-world property.
The remark comes as market contributors weigh velocity and settlement options alongside uncooked on-chain greenback totals.
Bitwise Calls Solana ‘The New Wall Road’
In response to Bitwise’s chief funding officer, Matt Hougan, conventional finance is beginning to take Solana critically 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 occasions from about 400 microseconds to roughly 150 microseconds as a sensible instance of why some buyers are watching Solana intently.
That technical case is simply a part of the image. Market measurement nonetheless favors different networks by a big margin. In response to on-chain analytics cited in latest experiences, stablecoin provides on Solana stand at near $14 billion, or roughly 4.5% of the on-chain stablecoin market.
Sure it’s @solana. Thrilling occasions forward. https://t.co/pVX1WTGfx4
— Matt Hougan (@Matt_Hougan) October 4, 2025
In contrast, Ethereum holds about $173 billion, or practically 60% of the market by itself — a share that stretches to 65% when main layer-two networks corresponding 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 setting 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 desire programs with lengthy monitor 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 property beneath administration, a small sum in contrast with Bitcoin and Ether merchandise however a concrete step towards giving buyers publicity to SOL through institutional custody and acquainted fund buildings.
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 Road’s stablecoin crown could not relaxation with Ethereum for lengthy.
The chain’s rise from an experimental community to a possible monetary spine reveals how briskly sentiment can shift when efficiency meets goal.
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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