Solana has drawn recent reward from one nook of the crypto world this week, with a senior asset supervisor saying the chain may develop into Wall Road’s go-to community for stablecoins and tokenized real-world property.
The remark comes as market members weigh pace and settlement options alongside uncooked on-chain greenback totals.
Bitwise Calls Solana ‘The New Wall Road’
In line with Bitwise’s chief funding officer, Matt Hougan, conventional finance is beginning to take Solana critically due to its transaction pace and finality, options that attraction 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 occasions from about 400 microseconds to roughly 150 microseconds as a sensible instance of why some buyers are watching Solana carefully.
That technical case is just a part of the image. Market measurement nonetheless favors different networks by a big margin. In line with on-chain analytics cited in current experiences, stablecoin provides on Solana stand at near $14 billion, or roughly 4.5% of the on-chain stablecoin market.
Sure it’s @solana. Thrilling occasions forward. https://t.co/pVX1WTGfx4
— Matt Hougan (@Matt_Hougan) October 4, 2025
Against this, Ethereum holds about $173 billion, or practically 60% of the market by itself — a share that stretches to 65% when main layer-two networks resembling 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 components of conventional finance that desire techniques with lengthy monitor information 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 property below administration, a small sum in contrast with Bitcoin and Ether merchandise however a concrete step towards giving buyers publicity to SOL by way of institutional custody and acquainted fund buildings.
On The Edge Of One thing Large
If Solana’s pace and effectivity can win over the identical bankers who as soon as doubted crypto altogether, Wall Road’s stablecoin crown could 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 goal.
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
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