Recent financial market events indicate a growing interest in the cryptocurrency Solana, particularly among public companies and investors. Wall Street is beginning to support the active use of Solana in corporate treasuries.
Cantor Fitzgerald's Support for Solana Treasuries
Cantor Fitzgerald has initiated bullish coverage on public companies with Solana treasuries, assigning them an 'overweight' rating. The firm's analysts, led by Thomas Shinske, argue that Solana's rapid developer growth, high throughput, and low transaction costs make it a superior choice for on-chain finance compared to Ethereum.
CITE_W_A: “We believe SOL treasury companies are betting the future of finance will be on-chain and that the chain of choice will be Solana,” Shinske stated.
9GAG's Investment in Solana
The market reaction intensified after MemeStrategy, the investment arm of 9GAG, became the first publicly listed Hong Kong company to invest in Solana. MemeStrategy purchased 2,440 SOL (approximately $368,820), leading to a nearly 29% increase in its stock.
The firm’s board cited Solana’s potential for real-world asset tokenization and AI-driven Web3 solutions as key reasons for this move.
Solana's Advantages Over Ethereum
Cantor Fitzgerald analysts highlight that while Ethereum continues to dominate in adoption and total value locked (TVL), Solana surpasses Ethereum in developer growth, lower fees, and superior scalability for high-frequency financial applications. The market is supporting this thesis: since mid-April, Solana treasury firms like Upexi and DeFi Development Corp have outperformed SOL itself.
With Wall Street's endorsement and high-profile corporate moves, Solana is quickly becoming the altcoin of choice for treasury strategies, reshaping how companies and investors think about crypto exposure and growth in the digital age.
