{"id":138677,"date":"2024-10-06T08:00:19","date_gmt":"2024-10-06T05:00:19","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=138677"},"modified":"2024-10-06T01:09:16","modified_gmt":"2024-10-05T22:09:16","slug":"could-solana-overtake-ethereum-as-traditional-finance-favors-scalability","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/could-solana-overtake-ethereum-as-traditional-finance-favors-scalability\/","title":{"rendered":"Could Solana Overtake Ethereum as Traditional Finance Favors Scalability?"},"content":{"rendered":"<p>Although <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/solana\/\">Solana\u2019s<\/a> <\/strong>transaction volumes are inflated by memecoin activity and its market share remains much smaller compared to <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">Ethereum\u2019s<\/a><\/strong>, Sygnum points out that Solana\u2019s scalability could become a significant draw for traditional finance companies.<\/p>\n<p>The <strong><a href=\"https:\/\/www.sygnum.com\/wp-content\/uploads\/2024\/10\/House-View-October1.2.pdf\" target=\"_blank\" rel=\"nofollow\">report<\/a> <\/strong>highlights how some conservative financial institutions might be leaning towards Solana over Ethereum due to its capacity for handling large-scale tokenization platforms and stablecoin projects.<\/p>\n<p>Notable developments include PayPal\u2019s addition of Solana for stablecoin transactions, with a PayPal executive recently stating that Ethereum may not be ideal for payments.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/ftx-eurozone-creditors-set-for-repayments-but-will-they-match-market-values\/\" title=\"FTX Eurozone Creditors Set for Repayments &#8211; But Will They Match Market Values?\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/ftx-big-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">FTX Eurozone Creditors Set for Repayments &#8211; But Will They Match Market Values?<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Visa also embraced Solana for settling USD Coin, praising the network\u2019s speed, cost-efficiency, and resilience.<\/p>\n<p>Additionally, Franklin Templeton plans to launch a mutual fund on Solana, and Citi is reportedly considering using the network for cross-border payments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent report from digital asset bank Sygnum suggests that a rising trend could give Solana (SOL) an advantage over Ethereum (ETH) in the competitive smart contract space.<\/p>\n","protected":false},"author":7,"featured_media":46562,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-138677","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Could Solana Overtake Ethereum as Traditional Finance Favors Scalability?<\/title>\n<meta name=\"description\" content=\"A recent report from digital asset bank Sygnum suggests that a rising trend could give Solana (SOL) an advantage over Ethereum (ETH) in...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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