Solana Seeks to Dethrone XRP with Tokenization Ambitions

Solana's (SOL) market valuation could surpass that of XRP by 2030, according to The Motley Fool analyst Alex Carchidi. Currently, Solana ranks seventh by market capitalization at around $50 billion, while XRP holds the edge with a valuation of approximately $87 billion.

Carchidi argues that Solana's speed and low transaction costs make it well-positioned for high-volume asset movement. The platform already hosts around $272 million in tokenized stocks, a figure that rose 14% in the 30 days ending Mar. 5.

The broader opportunity is significant, with projections estimating the total market for tokenized stocks could grow from roughly $1 billion today to more than $38 billion by 2035. Solana aims to become a round-the-clock hub for trading equities, ETFs, and institutional funds at minimal cost.