The Wall Street firm Cantor stated in its analysis of three major companies investing in Solana (SOL) that these companies believe that finance will be transitioned to the blockchain in the future and that Solana is the most accurate choice.

The US-based financial giant Cantor examined three significant treasury companies within the Solana ecosystem in its latest report. DeFi Development (DFDV), Upexi (UPXI), and Sol Strategies (HODL) received an 'overweight' rating from Cantor. The company set a target price of $45 for DeFi Development, 54 Canadian dollars for Sol Strategies, and $16 for Upexi.

Cantor analysts emphasized in the report that Solana is technologically superior to Ethereum, particularly highlighting the recent growth in the number of developers as a favorable aspect for Solana. This situation was also stated to explain why companies prefer Solana over Ethereum (ETH) as a treasury asset.

According to Cantor's analysis, companies adopting Solana as a treasury asset believe that this cryptocurrency could surpass Ethereum in terms of market capitalization. Currently, Ethereum's market capitalization is approximately 2.5 times that of Solana. However, analysts share the forecast that this gap may close in the future.

Following the report, Solana's price movements and the developments in the companies' stocks began to be closely monitored by investors. This development is interpreted as a significant signal in the markets.

According to CoinGecko data, at the time of writing, Solana is trading around $153.