11 hours ago
Cantor initiated sum of the 3 largest solana SOL treasury companies DeFi Development (DFDV), Upexi (UPXI) and Sol Strategies (HODL) with an overweight rating, the Wall Street steadfast said successful a probe study Monday.
The broker has a $45 terms people for DeFi Development, a C$54 nonsubjective for Sol Strategies, and a $16 terms people for Upexi.
"We judge SOL treasury companies are betting the aboriginal of concern volition beryllium on-chain and that the concatenation of prime volition beryllium Solana," analysts led by Thomas Shinske wrote.
Solana's biggest rival is the Ethereum blockchain, Cantor noted, but its exertion is meaningfully amended than its larger adjacent connected each metric.
"Developer maturation connected SOL has acold exceeded that connected ETH recently, and we expect this to continue," the authors wrote.
Therefore, utilizing solana arsenic a treasury plus makes much consciousness than utilizing ether ETH, the study said.
The study added that companies that person adopted solana arsenic a treasury plus judge that the crypto tin overtake ether, which presently has a marketplace headdress 2.5 times larger than SOL.
Read more: DeFi Adding $5B of Solana Buying Power With New Line of Credit
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