Franklin Templeton’s decision to expand its $594 million OnChain Money Market Fund to Solana is a big step toward bringing institutional finance into blockchain.
As major financial firms turn to Solana’s fast and efficient network, new projects like PlutoChain ($PLUTO) are getting ready to tackle other challenges. With 2-second block time and built-in DeFi features, PlutoChain’s Layer-2 solution could help Bitcoin handle payments faster and more efficiently.
We’ll take a closer look at how both Solana and PlutoChain might shape the future of blockchain in different but important ways.
What Does Franklin Templeton’s $594M Move Mean for Solana’s Future?
Franklin Templeton has expanded its OnChain U.S. Government Money Market Fund (FOBXX) to Solana. Previously available on networks like Ethereum and Avalanche, the fund now benefits from Solana’s fast and low-cost transactions.
This move is part of a larger trend where traditional financial assets are being integrated into blockchain technology to improve efficiency and settlement speed.
Solana has been gaining momentum as a top choice for tokenized assets and decentralized trading, now accounting for over 90% of new tokens on decentralized exchanges, a huge leap from just 1% in late 2023.
Franklin Templeton’s decision reflects Solana’s rising importance in finance and shows that institutions have more and more trust in blockchain for real-world asset management.
Solana is currently trading at around $192.55, down 0.9% in the last 24 hours. The 24-hour trading volume is $4.28 billion.
Crypto Lalit says Solana has broken above trendline resistance and could reach $320-$340 soon, as long as the market remains bullish.
How PlutoChain ($PLUTO) Could Revolutionize Bitcoin With Faster Transactions, Lower Fees, and Seamless DeFi Integration
Bitcoin is the most secure and decentralized cryptocurrency, but it struggles with slow transactions and high fees.
The network can only process 3 to 7 transactions per second, which causes congestion and delays, especially during peak times. This makes it impractical for everyday transactions like small purchases or fast payments.
PlutoChain ($PLUTO) offers a potential solution. As a Layer-2 network, it could process transactions off the main Bitcoin blockchain and drastically improve speed and efficiency.
PlutoChain’s 2-second block times — a huge upgrade from Bitcoin’s 10-minute block times — could make instant payments, microtransactions, and global transfers possible.
Beyond speed, PlutoChain could lower fees and make Bitcoin more accessible for both businesses and individual users. This could finally push Bitcoin beyond just being a store of value and turn it into a widely used payment system.
Another key feature is Ethereum Virtual Machine (EVM) compatibility. PlutoChain could allow Bitcoin users to access DeFi platforms, NFT marketplaces, and AI-powered blockchain applications, which would bridge the gap between Bitcoin’s security and Ethereum’s flexibility.
To ensure top-level security, PlutoChain has passed audits from SolidProof, QuillAudits, and Assure DeFi and undergoes regular stress tests and code reviews.
During testing, it successfully processed over 43,200 transactions in a single day, which proves its ability to handle high volumes.
Unlike Bitcoin’s miner-controlled governance, PlutoChain allows community-driven decision-making and gives users a say in network upgrades and policies. This approach makes the system more transparent and decentralized.
With faster transactions, lower costs, and expanded functionality, PlutoChain could be the key to transforming Bitcoin into a practical, widely used digital currency — one that goes beyond just long-term holding.
The Takeaway
Solana’s growing role in institutional finance is becoming more evident as firms like Franklin Templeton embrace its fast and low-cost network.
Meanwhile, PlutoChain ($PLUTO) is working to potentially expand Bitcoin’s utility beyond a store of value. With a 2-second block time, lower fees, and DeFi access, PlutoChain could lead to new possibilities for Bitcoin.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Source: https://cryptodaily.co.uk/2025/02/solana-news-today-franklin-templeton-expands-594m-money-fund-to-solana-and-bolsters-institutional-adoption