Crypto Asset Manager Bitwise Makes Case for Solana’s Next Big Run
Bitwise Asset Management said investing in solana (SOL) is effectively making two bets: that the stablecoin and tokenization infrastructure market will grow dramatically, and that the Solana blockchain will secure a larger share of that market.
Ethereum remains the dominant player in stablecoin issuance and tokenized assets, with Tron, Solana, and Binance Smart Chain trailing as challengers, the asset manager — whose Solana Staking ETF (BSOL) opened for trade earlier this week — said in a blog post Wednesday.
Together, these networks support a $768 billion market, and Solana’s $107 billion slice, roughly 14%, suggests room to run, wrote Matt Hougan, Bitwise chief investment officer.
Hougan believes that stablecoins and…
