Solana (SOL) is perhaps the following blockchain to obtain its personal spot ETF within the U.S., Pantera Capital says in its February 2025 Blockchain Letter subject. Elevated developer and financial exercise, fast ecosystem development and SOL worth’s sturdy efficiency contributed to this optimism.
Solana ETF: This is why high VC agency Pantera Capital is optimistic
Solana (SOL), the fifth largest altcoin, is among the many most definitely subsequent cryptocurrencies to have a spot exchange-traded fund (ETF) green-lit within the U.S. Such conclusion was made by Cosmo Jiang, Normal Companion, and Eric Wallach, Funding Analyst of main crypto VC Pantera Capital of their Headwinds Changing into Tailwinds report of February 2025.
In line with them, Solana (SOL) advanced right into a dominant good contracts platform because it grew to become the chief in attracting new builders, processed the most important quantity of DEX buying and selling and began surpassing Ethereum (ETH) in generated charges.
Within the DEXes vertical, Solana’s flagship product Raydium (RAY) surpassed Uniswap (UNI), a dominant EVM DEX, by 30% in buying and selling quantity for 2 months in a row.
Pump.enjoyable mania contributed to Solana’s (SOL) management in new tokens creation: In This autumn, 2024, over 90% of recent tokens appeared on this blockchain. Solana (SOL) welcomed the most important variety of AI agent tokens and DeSci cryptocurrencies.
When it comes to developer adoption, Solana (SOL) steals the highlight: It onboarded 7,625 new builders in 2024 in comparison with Ethereum’s 6,456 devs.
XRP, DOGE, ADA, LTC: Altcoin ETF race accelerates
Additionally, Solana (SOL) generated 37% extra income (transaction charges + MEV ideas) in comparison with its oldest rival Ethereum (ETH). In 2024, Solana (SOL) raised a whopping $5 billion in income.
Pantera Capital remembers that the U.S. SEC has to announce its closing verdict on 4 potential Solana ETFs — by Bitwise, Canary, Grayscale and VanEck — by March 15, 2025.
As coated by U.Immediately beforehand, increasingly consultants foresee that new altcoin ETFs can be accepted in 2025.
Associated
XRP, Litecoin (LTC), Cardano (ADA) and Dogecoin (DOGE) are frequently named among the many high candidates for the following itemizing.