Solana is shedding its memecoin reputation as big banks move billions into its ecosystem

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Solana is shedding its memecoin reputation as big banks move billions into its ecosystem

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Solana is rapidly shedding its memecoin reputation as major financial institutions move billions of dollars into its ecosystem, driven by tokenized funds and global payments, according to a new report by Messari. Estimated billions of dollars are being transferred onto the network, a significant shift in the crypto landscape, as Wall Street and payment giants increasingly adopt Solana's scalable technology.

Wall Street and payment giants are quietly taking over Solana, moving billions onto the network for tokenized funds and global payments even as the broader crypto market cools down, according to a new report by Messari.