Grayscale has released a report positioning Solana as the 'financial marketplace of cryptocurrency,' emphasizing its robust on-chain fundamentals. The report highlights Solana's average transaction fee of $0.02, a block time of 0.4 seconds, and $3.41 million in 24-hour application revenue, surpassing the combined revenue of Ethereum and BNB Chain. Despite these metrics, Solana's market cap remains 1.5 times lower than BNB Chain's.
The report also points to institutional confidence in Solana, with 9 listed companies holding 2.5% of the SOL supply, compared to only 2 companies holding 0.44% of BNB. This suggests a growing trust in Solana's ecosystem among institutional investors.
Grayscale Highlights Solana's Strong On-Chain Fundamentals
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.

