Once a paradise for memecoins, Solana (SOL) is proving its potential far beyond "cat coins" – by conquering Wall Street. With superior transaction speeds and extremely low costs, this blockchain is becoming the top choice for traditional financial institutions, from Apollo Global Management to BlackRock.

1. A Turning Point from Memecoins to Tokenized Assets

The golden age of memecoins is over: By early 2025, Solana recorded over 70,000 memecoins launching daily, pushing prices $SOL up by 20%. By May, this number halved after scandals like the coin of former President Trump.

Solana is transforming: Instead of relying on memecoins, the ecosystem focuses on tokenizing traditional assets – a sector booming with capital from financial "giants."

Typical example:

Apollo Global Management (managing $785 billion) launched a $1.5 billion tokenized credit fund on Solana.

SkyBridge Capital of Anthony Scaramucci invested $50 million in the SOL fund in Canada.

2. Speed – Competitive Advantage Over Ethereum

Solana is leveraging technology to attract institutions:

4,000 transactions/second, average fee $0.005 (100 times lower than $ETH ).

Headquartered in New York (Skyline): Unlike the anonymous culture of DeFi, Solana Labs actively connects directly with partners like Franklin Templeton, BlackRock.

"This technology can do more than memecoins – I call it the billion-dollar scale" – Jean Herelle, CrunchDAO.

3. Challenge on the "Bankify" Road

Despite optimism, Solana still faces skepticism:

The "gambling" bias: John Nahas (Avalanche) comments: "Solana is trying to turn gambling into banking."

Competing with Ethereum: Although SOL increased by 640% in 2 years (compared to ETH +45%), Ethereum still dominates 65% of the DeFi market share.

Positive signals:

In March 2025, the Solana Policy Institute was established in Washington to lobby.

SOL was included in 2 Invesco ETF funds, demonstrating recognition from the traditional sector.

4. The Future: Tokenization is the Key

Analysts say:

Memecoins are just a stepping stone: Solana needs to focus on tokenized credit, RWA (real-world assets) to retain institutions.

"The door is open – we are ready to break through" – Christine Moy, Apollo.

⚠️ Note: Investing in cryptocurrencies carries high risks due to market volatility.

Source: #DLNews
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