It’s Solana’s turn to fill the corporate crypto war chest

Solana treasury companies are increasingly following in the footsteps of Bitcoin and Ether, harnessing corporate interest to boost their capital and visibility. Solana, currently the sixth-largest cryptocurrency, is being integrated into public companies' treasuries as a means to gain crypto exposure. Over the past month, these treasuries have accumulated approximately 6.3 million SOL, which is more than 1.6% of its circulating supply. Notably, Solana’s infrastructure, characterized by high throughput and low transaction costs, positions it as a strong competitor against Ethereum in decentralized finance (DeFi). While Solana's digital asset treasuries are less mature compared to Bitcoin and Ether, the growing familiarity among institutions with Solana is expected to lessen sell pressure and attract more conservative capital. Despite challenges, including liquidity issues, Solana DATs have the potential to mature by incorporating traditional finance strategies. Companies like DFDV are proactive in launching localized treasury franchises internationally, which is set to further enhance Solana’s corporate adoption and stability.

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