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  • Blockchain Timeline

Franklin Templeton establishes Solana as third major crypto asset

The price of Solana jumped more than 9% on Friday after Franklin Templeton published a report acknowledging the chain’s resiliency following the implosion of FTX.

The firm sees SOL as well-positioned for the next wave of crypto adoption and identifies Solana as the third major crypto asset after Bitcoin and Ethereum.

Solana’s activity peaked in Q4 2023 following the Jito and Pyth airdrops according to Franklin Templeton. The increased activity from memecoins has increased total fees and DEX volume although Solana still boasts the lowest fess and transaction latency compared to other networks.

Generally the investment manager remains very optimistic about the Solana ecosystem despite the issues of congestion which they see as gradually resolving.


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