Tiger Research, an Asia-based research and advisory firm, said Solana is becoming the foundational infrastructure for the next generation of Internet Capital Markets (ICM).
The latest report from Tiger Research indicates that global financial institutions including JPMorgan, Visa and PayPal are conducting pilot projects for asset issuance, payment settlement and tokenized products based on Solana.
According to the analysis, the cryptocurrency market is moving from a technical experimentation phase to an industrial phase, and its ultimate form will be the creation of capital markets on the Internet.
At this point, it is clarified that the most concrete example of this transition in the cryptocurrency market is the Solana network (SOL).
The report also notes that with the United States taking the lead in establishing a legal framework for crypto, Solana is positioning itself as a centralized network to create institutional use cases while keeping regulatory compliance in mind.
As part of this effort, major global financial institutions such as JPMorgan, State Street, Citi, Franklin Templeton, Visa, PayPal and Western Union are leading Solana-based asset issuance, payment settlements, tokenized product launches and pilot projects.
At this point, Tiger Research has concluded that Solana is the most active public chain when it comes to institutional collaboration and has a proven track record in real-world transactions.
The report concludes by stating that Solana processed 33 billion transactions last year, with average fees of $0.0013 per transaction and transaction finality of approximately 0.4 seconds. The network also continued to operate without interruption during a severe market downturn and an AWS outage.
*This does not constitute investment advice.
