Overview
- Bitwise CIO Matt Hougan says Solana offers “two ways to win”: exposure to expanding stablecoin and tokenization infrastructure plus potential gains in the network’s market share.
- He projects those rails could grow by 10x or more over coming years, arguing Solana’s speed, usability and builder culture improve its odds of capturing that growth.
- Solana accounts for roughly 14% of the leading Layer‑1 market—about $107 billion—leaving room to gain on Ethereum as well as Tron and BNB Chain.
- Institutional signals include Western Union’s confirmed plan to launch a Solana‑based stablecoin targeted for early 2026, which Hougan cites as real‑world traction.
- Bitwise’s new U.S. spot Solana ETF (BSOL) debuted with about $69.5 million in first‑day inflows and roughly $116 million over two days, with strong early trading volumes even as crypto remains volatile.