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$SOL 's infrastructure can easily integrate into existing flows of traditional payment institutions, bringing more institutional adoption, according to Ran Goldi, vice president of payments at Fireblocks, who wrote:

"With confidential transfers, a basic payment requirement for high-volume processors, we'll see more names adopting the blockchain into their flows. The key, as I see it, is to ensure your blockchain can support the payment requirements 'under the hood' for compliance, regulation, and privacy."

Adding a confidential transfers feature could further unlock institutional partnerships for Solana, Goldi added:

"Doing that, along with the speed and huge liquidity, [Solana] can become a sharp tool in the hands of payment institutions."

According to DefiLlama data, Solana is currently the fourth-largest blockchain network with over $4.7 billion in TVL, representing 4.49% of the total TVL across all blockchains.

A Solana #ETF next?

Beyond the increase in institutional adoption, #Solana⁩ could be the next cryptocurrency to get an exchange-traded fund #ETFsApproval according to Tristan Frizza, the founder of Zeta Markets.

Frizza wrote in a note:

"$SOL is seen as one of the 'big three' cryptocurrencies alongside $BTC and $ETH , with many analysts expecting a Solana ETF soon. With major partnerships like Visa, Stripe, Shopify Pay, and PayPal, Solana's commercial and institutional adoption is likely to grow."

Hopes for a Solana-based ETF were first sparked in January, after a trillion-dollar asset manager Franklin Templeton praised Solana for its monolithic approach to blockchain scalability, calling it a "powerful use of decentralized blockchains," according to a January 17 X post.

CNBC Fast Money cryptocurrency investor and trader Brian Kelly also speculated that Solana could be the next cryptocurrency to get an ETF in the United States.