US Investment Bank: "Solana (SOL) is More Suitable than Ethereum (ETH) as a Corporate Treasury Asset"
Summary
- US investment bank Cantor Fitzgerald stated that Solana (SOL) is more suitable as a strategic treasury asset for companies than Ethereum (ETH).
- According to the report, Solana’s developer growth rate outpaces Ethereum, and DeFi Development Corp has adopted Solana as a strategic treasury asset, acquiring over 620,000 tokens.
- The company is advancing into the Solana ecosystem with liquidity staking token development and the acquisition of validators, and has set a target price of $45.
On the 16th (local time), crypto-focused US media outlet CoinDesk reported that US investment bank Cantor Fitzgerald assessed Solana (SOL) to be more suitable than Ethereum (ETH) as a strategic corporate treasury asset.
The bank stated in a recent report, "Solana’s developer growth rate is outpacing Ethereum’s, and it is more rational for companies to adopt Solana as a strategic treasury asset."
It continued, "Solana aims to provide technology supporting transaction and market platforms in the digital economy," adding, "DeFi Development Corp has secured over 620,000 Solana after adopting it as a strategic treasury asset."
Additionally, it explained, "The company is developing liquidity staking tokens and has acquired two validators, thereby deepening its entry into the Solana ecosystem," and set a target price of $45.
JH Kim
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