Solana has drawn recent reward from one nook of the crypto world this week, with a senior asset supervisor saying the chain may develop into Wall Avenue’s go-to community for stablecoins and tokenized real-world property.
The remark comes as market individuals weigh pace and settlement options alongside uncooked on-chain greenback totals.
Bitwise Calls Solana ‘The New Wall Avenue’
Based on Bitwise’s chief funding officer, Matt Hougan, conventional finance is beginning to take Solana significantly due to its transaction pace 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 carefully.
That technical case is barely a part of the image. Market dimension nonetheless favors different networks by a big margin. Based on on-chain analytics cited in latest studies, 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 equivalent 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 complete worth locked is just one metric, the EVM setting stays the plain place to launch new stablecoins due to developer instruments and present integrations.
That view displays a cautious stance from components of conventional finance that desire techniques 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 underneath administration, a small sum in contrast with Bitcoin and Ether merchandise however a concrete step towards giving buyers publicity to SOL by way of institutional custody and acquainted fund buildings.
On The Edge Of One thing Massive
If Solana’s pace and effectivity can win over the identical bankers who as soon as doubted crypto altogether, Wall Avenue’s stablecoin crown could not relaxation with Ethereum for lengthy.
The chain’s rise from an experimental community to a possible monetary spine exhibits how briskly sentiment can shift when efficiency meets objective.
Whether or not it’s by means of 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 most important gamers transfer cash.
Featured picture from Unsplash, chart from TradingView
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