SOL trades far below its peak even as JPMorgan, Visa, PayPal, Franklin Templeton and BlackRock build on Solana rails.
- Major financial institutions like JPMorgan, Visa, PayPal, Franklin Templeton, and BlackRock are actively building on Solana's infrastructure, utilizing its speed, low fees, and compliance features for various financial operations, including commercial paper issuance and tokenized ETFs.
- Despite significant institutional adoption and infrastructure development, the price of Solana's native token (SOL) remains substantially below its all-time high, trading like a bear-market altcoin.
- This disconnect between on-chain infrastructure progress and SOL's market price suggests a market pricing in execution risk or a longer-term capital markets buildout, with current institutional use focused on operational fees rather than direct token demand.
Topics: Infrastructure providers, Institutional adoption, Blockchain usage, Major financial incumbents, Banking depository pilots, Ethereum evm l 1 s
Tags: #solana #sol #jpmorgan #visa #paypal #franklintempleton #blackrock #tokenizedetfs #commercialpaper #token2022
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