Solana is increasingly cementing its position as a blockchain capable of handling significant institutional capital, highlighted by recent operational milestones that point towards a 'Wall Street moment'. The network's ability to process massive transactions is beginning to attract serious attention, potentially reshaping its market perception.
A Landmark for Institutional Adoption
The network recently showcased its robust capabilities by settling Bullish’s massive $1.15 billion IPO entirely in stablecoins, marking it as the first Layer 1 blockchain to natively handle capital-market–scale flows. This unprecedented move underscores Solana’s impressive throughput, which has also reached a verified peak of 100,000 transactions per second (TPS), attracting considerable institutional attention beyond typical market speculation. These achievements position Solana as a formidable contender for handling large-scale financial operations.
On-Chain Power Versus Market Recognition
Despite these formidable on-chain achievements, a notable divergence exists between Solana’s network strength and its market performance. While Solana demonstrates its ability to move serious capital, evidenced by a recent uptick of 500,000 active addresses over three days—a figure comparable to Ethereum's total activity—its native token, SOL, has lagged behind Ethereum in monthly returns and seen its SOL/ETH ratio decline. This raises questions about whether SOL is currently undervalued, as its proven operational muscle and growing "Wall Street cred" appear to be underappreciated by the broader market, suggesting its true potential is yet to be fully recognized.
