According to an analysis by digital asset banking group Sygnum, some emerging trends could give Solana (SOL) an edge over Ethereum (ETH) in the battle for smart contract supremacy.
In a new report, the bank admits that Solana's transaction volume is somewhat overstated and represents only a fraction of Ethereum's market share.
Signum also notes that Solana's trading volume is overwhelmingly based on the issuance and trading of memcoins.
However, the bank argues that traditional financial services firms could give #Solana an advantage if they favor #Ethereum challengers when tokenizing and launching stackablecoin platforms.
Visa recently added Solana to its dollar coin offering and published a report highlighting Solana's high throughput due to parallel processing, low cost due to localized commission markets, and high resiliency.
Franklin Templeton also announced plans to launch a mutual fund on Solana, suggesting that the city should consider the network for cross-border payment processing.
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