Global investment firm Franklin Templeton believes Solana (SOL) is set to become the third most important cryptocurrency, after Bitcoin and Ethereum.
Strong Growth in Network Activity
Solana’s network has seen a surge in fees and decentralized exchange (DEX) volumes over the past year. Franklin Templeton expects this growth to continue as Solana’s network effects strengthen and performance improves.
Competitive Advantages
Solana offers low fees, fast transaction times, and high data throughput compared to other networks. These advantages make it well-suited for various applications, including:
- Decentralized physical infrastructure (DePIN)
- Payments
- NFTs
- Centralized limit order books (CLOBs)
Potential Drivers of Growth
Franklin Templeton predicts increased activity on the Solana network in the coming months due to:
- Potential airdrops (free distribution of tokens)
- Resurgence of memecoin popularity
Conclusion
Franklin Templeton believes Solana has the potential to establish itself as a major player in the crypto space, capturing the next trends in the industry.
