Solana has drawn recent reward from one nook of the crypto world this week, with a senior asset supervisor saying the chain might turn into Wall Avenue’s go-to community for stablecoins and tokenized real-world belongings.
The remark comes as market individuals weigh velocity and settlement options alongside uncooked on-chain greenback totals.
Bitwise Calls Solana ‘The New Wall Avenue’
In accordance with Bitwise’s chief funding officer, Matt Hougan, conventional finance is beginning to take Solana critically due to its transaction velocity and finality, options that enchantment 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 instances from about 400 microseconds to roughly 150 microseconds as a sensible instance of why some traders are watching Solana intently.
That technical case is just a part of the image. Market measurement nonetheless favors different networks by a big margin. In accordance with on-chain analytics cited in latest reviews, stablecoin provides on Solana stand at near $14 billion, or roughly 4.5% of the on-chain stablecoin market.
Sure it’s @solana. Thrilling instances forward. https://t.co/pVX1WTGfx4
— Matt Hougan (@Matt_Hougan) October 4, 2025
In contrast, Ethereum holds about $173 billion, or almost 60% of the market by itself — a share that stretches to 65% when main layer-two networks comparable to Arbitrum, Base and Polygon are counted. These figures underline how a lot floor Solana would want 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 atmosphere stays the apparent place to launch new stablecoins due to developer instruments and present integrations.
That view displays a cautious stance from elements of conventional finance that want methods with lengthy monitor data 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 belongings below administration, a small sum in contrast with Bitcoin and Ether merchandise however a concrete step towards giving traders publicity to SOL by way of institutional custody and acquainted fund constructions.
On The Edge Of One thing Massive
If Solana’s velocity and effectivity can win over the identical bankers who as soon as doubted crypto altogether, Wall Avenue’s stablecoin crown might 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 function.
Whether or not it’s by 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 largest gamers transfer cash.
Featured picture from Unsplash, chart from TradingView
Editorial Course of for bitcoinist is centered on delivering completely researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent overview by our staff of high expertise specialists and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.