logo

21Shares says Solana on pace to become linchpin of digital finance

By: bitcoin ethereum news|2025/05/14 03:15:04
0
Share
copy
Solana (SOL) has emerged as the fastest-growing Layer 1 blockchain of 2025, surpassing Ethereum (ETH) in developer growth and gaining ground across DeFi, payments, and AI, according to 21Shares’ latest State of Crypto report. In the first two months of the year alone, Solana processed $364 billion in volume, more than Ethereum and Coinbase, and now supports over 100 million monthly active users. With average fees under $0.01 and sub-second transaction finality, Solana’s high-speed, low-cost architecture is driving adoption from both crypto-native users and major institutions. Visa, Shopify, and Stripe are now settling stablecoin payments on Solana, while PayPal and First Digital hold over $100 million in Solana-native assets. Stablecoin supply on the network has jumped 600% year-over-year, exceeding $12 billion as of the end of the first quarter. DeFi, memecoins, and AI push Solana’s DeFi ecosystem has grown to $8 billion in total value locked, up 100% from 2024, and now accounts for 16% of Ethereum’s market share, narrowing a once 20:1 gap to 5:1. It hosts three of the top 10 DEXs by volume and ranks third globally in stablecoin market cap. Memecoins remain a key driver of activity, contributing more than half of on-chain volume. The Official TRUMP token launched earlier this year generated $30 billion in trades over 48 hours, temporarily pushing Solana’s throughput to levels rivaling Nasdaq. Beyond speculation, the network is rapidly expanding into infrastructure and AI. Solana leads all chains in DePIN market cap at $4.2 billion, supporting projects like Helium, Hivemapper, and Render Network. Solana also dominates the crypto-AI segment, with 66% of AI agent activity and growing adoption of tools like ElizaOS and Arc. Valuation models suggest significant upside The report highlights rising concerns around validator centralization, speculative activity, and inflationary pressure following the end of transaction fee burns. However, the report argued that Solana remains fundamentally undervalued. A discounted cash flow model projects SOL’s fair value between $520 and $1,800, depending on growth rates, far above its current price of around $150. If Solana captures just half of Ethereum’s market cap, it could see continued growth in payments, AI, and institutional adoption. The report concluded that Solana is positioned as the primary Layer 1 competitor and the backbone of next-generation blockchain infrastructure. At the time of press 7:40 pm UTC on May. 13, 2025 , Solana is ranked #6 by market cap and the price is up 4.65% over the past 24 hours. Solana has a market capitalization of $92.81 billion with a 24-hour trading volume of $4.52 billion . Learn more about Solana › At the time of press 7:40 pm UTC on May. 13, 2025 , the total crypto market is valued at at $3.37 trillion with a 24-hour volume of $143.68 billion . Bitcoin dominance is currently at 61.39% . Learn more about the crypto market › Source: https://cryptoslate.com/21shares-says-solana-on-pace-to-become-linchpin-of-digital-finance/

You may also like

Refutation of Yang Haipo's "The End of Cryptocurrency"

This may be the true test of cryptocurrency. It's not about whether the price has reached a new high, nor about who will achieve financial freedom in the next bull market, but rather whether, after all the grand narratives have been washed away by cycles, it can still leave behind some simpler, more...

Can a hairdryer earn $34,000? Interpreting the reflexivity paradox of prediction markets

Prediction markets are essentially betting on reality, and when participants can access or even influence this path earlier, the market no longer just reflects reality but begins to shape it in return.

6MV Founder: In 2026, the "landmark turning point" for crypto investment has arrived

"I will deploy funds in 2026, so I will tell you this is the best year in history."

Abraxas Capital Mints $2.89 Billion USDT: Liquidity Boost or Just More Stablecoin Arbitrage?

Abraxas Capital just received $2.89 billion in freshly minted USDT from Tether. Is this a bullish liquidity injection for crypto markets, or is it business as usual for a stablecoin arbitrage giant? We analyze the data and the likely impact on Bitcoin, altcoins, and DeFi.

A VC from the Crypto world said AI is too crazy, and they are very conservative

Amid the Crypto frenzy and with investors who once missed out on Pinduoduo, a new AI fund called Impa Ventures was established, rejecting bubble narratives and adhering to a conservative "problem-first" strategy to seek real business value.

The Evolutionary History of Contract Algorithms: A Decade of Perpetual Contracts, the Curtain Has Yet to Fall

The ten-year evolution of perpetual contracts: from pulling the plug on 312 to the shocking short squeeze of TRB, a deep dive into the pricing machine that averages $200 billion daily, written with countless liquidations and real money, detailing the blood and tears of risk control theory.

Popular coins

Latest Crypto News

Read more