Pantera Capital has highlighted Solana's potential for significant growth, noting its increasing adoption by major companies such as Stripe and PayPal. The firm suggests that Solana is on the brink of a major adoption phase, driven by interest from mainstream financial technology firms. While Solana currently lacks ETFs and has less institutional ownership compared to Bitcoin and Ethereum, Pantera anticipates the approval of Solana ETFs by Q4 2025, which could significantly boost demand. Despite its smaller market cap, Solana is leading in on-chain activity and transaction volume, offering what Pantera describes as 'asymmetric upside potential.' This positions Solana as a promising contender in the cryptocurrency market, with its growth story just beginning compared to the more established Bitcoin and Ethereum.