An analyst at Bitwise highlighted the momentum of Solana, noting that although Solana does not host most stablecoins, it boasts the fastest-growing supply of stablecoins among major networks.
Analyst Nelson states that we are now witnessing the early impact of a significant shift. The GENIUS Act has given companies and banks the green light to explore digital solutions. Now, these companies are choosing which blockchain to build on.
Matt Hogan, the Chief Technology Officer at Bitwise, recently stated that "Solana is the new Wall Street." He explained that key players see stablecoins reinventing payments and that tokenization is transforming equities, bonds, commodities, and real estate.
Thanks to its speed, high productivity, and rapid transaction completion, the Solana platform is particularly attractive to investors evaluating blockchain platforms. Solana also had a remarkable week in digital asset investment products, attracting $706.5 million.
Nelson says he is looking for signs of Solana's ability to maintain this momentum. He points out that last month was a strong indicator. Supported by new partnerships, mergers in decentralized finance, and the launch of new products, Solana's stablecoin supply increased by about $3 billion in just 30 days, representing a growth rate of approximately 25%.
