Cantor Fitzgerald began coverage of three public companies integrating Solana (SOL) into their treasury strategies: DeFi Development Corp., Upexi, and Sol Strategies.
These firms aim to replicate the success of Bitcoin-focused treasury models, such as that of Strategy (formerly MicroStrategy), but with SOL as the core asset.
The investment bank identified a rising trend in companies positioning Solana as a strategic blockchain holding—one aligned with the future of on-chain financial infrastructure.
Solana Preferred Over Ethereum on Growth Potential
In a research note, Cantor analysts stated that Solana’s developer activity has recently outpaced Ethereum’s and suggested that this momentum is likely to continue. They reported that companies choosing SOL over ETH are doing so based on the belief that Solana could surpass Ethereum in relevance, despite ETH’s longer track record and larger market capitalization.
The analysts explained that Ethereum’s market cap is currently about 259% larger, but Solana’s network advantages—such as speed and throughput—position it more effectively for real-world transactional use.
Solana Framed as Digital Finance Infrastructure
Cantor Fitzgerald’s analysis framed Bitcoin as the foundational reserve asset of the digital economy. In contrast, Solana was described as the blockchain best suited to facilitate transactions and marketplaces within that economy.
The firm concluded that Solana treasury companies are aligning themselves with a future where finance is executed on-chain, and where Solana’s infrastructure underpins the systems that make it work. This viewpoint reflects a broader belief that SOL, not ETH, could become the dominant engine for decentralized financial operations.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/cantor-fitzgerald-bets-on-solana-as-ethereum-rival-in-treasury-strategy/