Solana Poised for Tokenization Dominance by 2031
Solana's future looks promising due to its growing presence in tokenization. By 2030, Citi Institute estimates that 3% of all U.S. public equities will be tokenized, amounting to $2.6 trillion.
Currently, Solana holds a market share of 19.3% in the segment, with $503.1 million in tokenized equities as of September 3rd, up from $56.9 million a year prior.
To become worth more than Ethereum, Solana will need to expand its base of other tokenized assets and stablecoins. However, it has partnerships with major financial institutions like JPMorgan Chase, Franklin Templeton, and Visa, which could help it gain ground in the market.