Solana’s newest part seems quite a bit much less flashy than its memecoin-fueled highs, and which may be the purpose.
Armani Ferrante, CEO of crypto alternate Backpack, instructed CoinDesk in an interview the Solana ecosystem has spent the previous 12 months doubling down on a extra sober focus: monetary infrastructure. After years of experimentation as the broader crypto business targeted on NFTs, video games and social tokens, consideration is now shifting again towards decentralized finance, buying and selling and funds.
“Individuals are actually beginning to consider blockchains as a brand new sort of monetary infrastructure,” Ferrante, who might be talking at CoinDesk’s Consensus Hong Kong convention subsequent month, mentioned. “It’s much less about NFTs, much less about random moonshot-like video games, and rather more about finance.”
That shift has made Solana really feel boring to some outdoors observers, however Ferrante framed it as an indication of maturity. The community is more and more positioning itself round high-throughput onchain buying and selling, market construction and settlement, what some have dubbed as “web capital markets.”
The pivot comes amid a stark divide between crypto sentiment and conventional finance. Whereas crypto costs stay subdued and crypto-native buyers stay cautious, Ferrante mentioned institutional curiosity has not often been stronger.
“In case you ask anybody on Wall Avenue, they’ve by no means been extra bullish,” he mentioned, pointing to rising momentum round tokenization, stablecoins and onchain settlement.
Ferrante argued that the long-term case for Solana, and blockchains extra broadly, rests on their function as impartial settlement layers. In that future, property like shares and derivatives transfer seamlessly throughout platforms as standardized tokens relatively than sitting in siloed databases.
“A token is only a canonical, agreed-upon ledger entry for who owns one thing,” Ferrante mentioned. “That idea applies in every single place.”
Crucially, Ferrante emphasised that real-world adoption would require deeper integration with regulatory frameworks, not an escape from them. As crypto strikes from speculative experimentation towards embedded monetary infrastructure, compliance and authorized readability develop into stipulations relatively than obstacles.
“What maturity really means is the true world,” he mentioned. “And the true world isn’t a free-for-all.”
In Ferrante’s view, Solana’s guess is that constructing for that actuality, even at the price of hype, will repay as extra of worldwide finance strikes on-chain.
Learn extra: Ethereum and Solana set the stage for 2026’s DeFi reboot