Author: SuperEx
Compiled by: Blockchain in Plain Language
Over the past few years, crypto assets have gradually transformed from "rebellious outsiders" to a new face on Wall Street. Cryptocurrencies once rejected by institutions are now being actively incorporated into corporate treasuries. After Bitcoin and Ethereum gained widespread acceptance, Solana emerged as a new competitor in 2025.
Yes, Solana, once criticized for multiple outages, is now becoming a "strategic asset" in corporate treasuries, positioned by some as the "third pillar" after BTC and ETH. This is not hype—it's a clear trend. More and more publicly traded companies are making large-scale bets on SOL, even planning to build their financial infrastructure on the Solana network.
So, the core question is: Why choose Solana? Can it really become Wall Street's new favorite? Let's delve into the logic behind this emerging transformation.
A Filing that Ignited the Trend: Solana Knocks on Nasdaq's Door
It all began with a seemingly ordinary filing: On June 19th, the Canadian publicly traded company SOL Strategies Inc. submitted a 40-F form to the U.S. Securities and Exchange Commission (SEC), preparing to list on Nasdaq with the ticker "STKE". This company is deeply connected to the Solana ecosystem—not just as a passive holder, but as a blockchain validator and infrastructure provider.
On the surface, this is just another IPO company. But for industry insiders, this is a strong signal: Corporate treasuries are no longer satisfied with simply "holding Bitcoin". They are integrating cryptocurrencies into their core business models by operating infrastructure and participating in ecosystem development.
SOL Strategies is not an isolated case. Companies like DeFi Development Corp and Upexi have recently announced large-scale strategic allocations to SOL and are directly building their businesses on Solana. We are witnessing the third wave of corporate crypto treasury configurations.
The Evolution of Corporate Treasuries: From Holding to Deep Integration
To understand why companies choose Solana, we first need to look at the three stages of evolution in corporate crypto treasury strategies.
Stage 1: Bitcoin—Digital Gold Narrative
The earliest adopters—MicroStrategy, Tesla, Block Inc.—viewed BTC as "digital gold", a tool to hedge against inflation and fiat currency depreciation. During the loose monetary cycle of 2020-2021, Bitcoin was a safe-haven asset. The strategy was simple: buy and hold.
Stage 2: Ethereum—A Productive Asset Generating Yield
As Ethereum transitioned to Proof of Stake (PoS), companies began to see ETH not just as an asset, but as a source of income. For example, Nasdaq-listed SharpLink Gaming acquired over 170,000 ETH and committed to staking 95% of it, aiming to become the "MicroStrategy of Ethereum". The goal was no longer just asset appreciation, but generating yield through on-chain activities. This marked a shift from passive holding to productive deployment.
Stage 3: Solana—Financial Operating System
Now it's Solana's turn, representing the next stage: Companies are no longer just holding or generating yield—they are building. Companies like SOL Strategies and DeFi Development Corp are using Solana as core infrastructure, operating validator nodes, providing services, and becoming key contributors to the ecosystem.
This is no longer simple asset management, but a strategic business model. They are not investing in cryptocurrency; they are becoming operators of cryptocurrency.
Why Are Companies Betting Big on Solana?
The corporate shift towards Solana is not merely FOMO (fear of missing out). There are three major driving forces behind this trend:
1. SOL is an Asset and a Business Engine
For companies like SOL Strategies, SOL is not just a line item on the balance sheet—it's the fuel driving validator node operations. They use internal funds to run validator nodes, attract SOL delegations from others, and generate income through block rewards and commissions.
This is not speculative trading—this is operational income. It transforms corporate treasuries from passive investors to active blockchain operators, similar to directly embedding Bitcoin mining equipment into corporate structures.
2. Solana's Undeniable Technical Advantages
Every strategic bet requires a strong technological foundation. Investment bank Cantor Fitzgerald recently stated that Solana "outperforms Ethereum on all technical metrics". This is a bold statement, but it's backed by facts:
- Solana currently supports over 2000 TPS (transactions per second), compared to 20-30 TPS for Ethereum
- Average transaction fees are near zero—just $0.0001 per transaction
- The upcoming Firedancer validator node is expected to push throughput to millions of TPS
- The protocol is mature and stable, requiring minimal underlying upgrades
What does this mean? Solana can support high-frequency trading, real-time payments, social applications, and mobile-first Web3 use cases—areas Ethereum still struggles with.
For companies looking to conduct on-chain finance, settlements, or consumer applications, Solana is arguably the blockchain closest to Web2 capabilities. Choosing Solana is not just a performance choice—it's a strategic bet on Web3 infrastructure for the next 10 years.
3. Token化 Mega Trend: Becoming the Next Nasdaq
Solana co-founder Anatoly Yakovenko once said he wanted Solana to become the "decentralized Nasdaq". This vision is rapidly becoming a reality.
We've already seen top projects like Worldcoin, Helium, and Jupiter choose Solana for their launch. Regulated real-world asset (RWA) issuers like Superstate are considering issuing tokenized funds on Solana. Even SOL Strategies is exploring tokenizing its own equity on the Solana blockchain.
Yes—you read that right. These companies are not just holding SOL; they plan to put their shares on-chain, becoming the foundational layer of the decentralized finance ecosystem.
This is not just participation—it's a declaration: "We are not just using this chain; we are becoming this chain."
Summary
Solana should not be viewed merely as an "Ethereum alternative" or a speculative asset. Corporate adoption should not be seen as hype.
The real trend is: Corporate treasuries are evolving—from holding cryptocurrencies, to integrating into ecosystems, to operating critical infrastructure. With unparalleled performance, powerful developer tools, a growing ecosystem, and institutional momentum, Solana is becoming the platform of choice for this transformation.
Solana may never personally replace Bitcoin or Ethereum. But in the imminent wave of on-chain finance, it is becoming an indispensable pillar.
So, if you're still asking, "Is Solana worth buying?"—perhaps a better question is:
Where do you want to stand in the on-chain economy of the next ten years? As a holder? A participant? Or a builder?
Article link: https://www.hellobtc.com/kp/du/06/5912.html
Source: https://superex.medium.com/will-solana-become-wall-streets-next-favorite-c1b3e5b56b29
