Global investment powerhouse Franklin Templeton envisions Solana (SOL) emerging as the “third major crypto asset” alongside Bitcoin (BTC) and Ethereum (ETH). In a recent analysis, the firm’s digital assets unit highlights the significant growth in total fees and decentralized exchange volumes on the Solana network over the past year. Franklin Templeton expects this growth to continue as Solana’s network effects strengthen and its performance improves, positioning it to capitalize on upcoming crypto trends. The network stands out for its low fees, minimal transaction latency, and high data throughput compared to other networks. Currently trading at $143.34, SOL is the fifth-ranked cryptocurrency by market cap, with a 3% increase over the past 24 hours but a decline of over 22% in the last month.

Franklin Templeton further asserts that Solana is uniquely suited to become the center of adoption for various sectors in the crypto space, including decentralized physical infrastructure (DePIN), payments, compression non-fungible tokens (NFTs), and centralized limit order books (CLOBs). The investment giant also predicts a surge in activity on the Solana network in the coming months due to anticipated airdrops and the resurgence of memecoin mania. The Solana ecosystem is expected to benefit from additional airdrops, contributing to the overall growth of the network. Furthermore, memecoin activity on the Solana network shows no signs of slowing down.

Stay up to date with the latest news and market trends by subscribing to receive email alerts from The Daily Hodl. Remember to exercise caution and conduct thorough research before engaging in high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Transfers and trades are done at your own risk, and any losses incurred are your responsibility. The Daily Hodl does not provide investment advice or recommend buying or selling cryptocurrencies or digital assets. It is essential to note that The Daily Hodl participates in affiliate marketing.

Image: Midjourney