Solana Seeks to Overtake XRP in Tokenization Battle
Solana (SOL) may surpass XRP in valuation by 2030 or later, according to The Motley Fool analyst Alex Carchidi. Currently ranked seventh by market capitalization at approximately $50 billion, Solana is competing with XRP, currently valued at around $87 billion, to dominate the tokenization of real-world assets.
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.
Solana's ambition is to serve as a round-the-clock hub for trading equities, ETFs, and institutional funds at minimal cost. Carchidi contends it wouldn't need to capture the entire market to gain ground, its valuation is close enough to XRP's that even a modest shift in market share could tip the balance.