Multicoin Capital founder Kyle Samani recently articulated his perspective on the potential of Solana as a premier blockchain for the Internet capital market. In his latest investment thesis, he emphasized that Solana not only leads in blockchain technology but can also surpass major traditional finance (TradFi) entities in crucial metrics such as latency. This includes competitors like NYSE, NASDAQ, CME, and prominent financial institutions like JPMorgan and Goldman Sachs. Unique blockchain features, including atomic composability and permissionless access, further bolster Solana’s value proposition.
Significantly, the Solana ecosystem aims to dramatically minimize client transaction fees by as much as 90-99% while aspiring to a market capitalization that could eclipse existing TradFi companies. Samani asserted that the ecosystem is dedicated to manifesting the goals of an Internet-based capital market, enhancing market maker execution via on-chain liquidity, and increasing transaction throughput with innovative leadership structures. Additionally, Solana is broadening its total addressable market (TAM) by integrating both traditional and crypto-native assets and capitalizing on miner extractable value (MEV) from numerous financial services built on its framework.