Solana Primed To Establish Itself As ‘Third Major Crypto Asset’ After Bitcoin and Ethereum: Franklin Templeton
Release: 2024/05/05 08:24 Reading: 802
Global Investment Giant Franklin Templeton Predicts Solana's Rise as a Major Crypto Asset
Global investment giant Franklin Templeton believes Solana (SOL) is poised to become the "third major crypto asset" after Bitcoin (BTC) and Ethereum (ETH).
Solana's Growth and Network Performance
In a recent analysis, the firm's digital assets unit highlights Solana's significant growth in total fees and decentralized exchange (DEX) volumes over the past year.
"We anticipate this growth to continue as Solana's network effects strengthen and its performance improves," the report states. "The network boasts some of the lowest fees, transaction latency, and data throughput compared to other networks."
Solana's Unique Position in the Crypto Space
Franklin Templeton also views Solana as "uniquely qualified" to drive adoption in various sectors within the crypto space, including:
- Decentralized physical infrastructure (DePIN)
- Payments
- Compression non-fungible tokens (NFTs)
- Centralized limit order books (CLOBs)
Positive Outlook for Solana
The investment titan forecasts a surge in activity on the Solana network in the coming months, driven by potential airdrops and the resurgence of memecoin mania.
"Moreover, the Solana ecosystem anticipates numerous airdrops in the near future, which should further enhance its wealth effect," the report notes. "Memecoin activity on the network remains robust."
Source:
https://thebittimes.com/solana-primed-to-establish-itself-as-third-major-crypto-asset-after-bitcoin-and-ethereum-franklin-templeton-tbt87464.html
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