Crypto for Advisors Highlights Solana and Ethereum’s Growth in DeFi
In the latest Crypto for Advisors newsletter, key insights on decentralized finance (DeFi) were shared by Samantha Bohbot from RockawayX. She highlighted the roles of Bitcoin, Ethereum, and Solana in this evolving space.
Key Highlights:
- Tokenized real-world assets (RWAs) are gaining traction with nearly $300 billion currently on-chain.
- Boston Consulting Group predicts the market for tokenized assets will reach $600 billion by year-end and $19 trillion by 2030.
- Ethereum leads in total value locked (TVL) with over $94 billion, while Solana's DeFi TVL recently surpassed $10 billion.
- Solana has captured around 93% of daily trading volume for xStocks, showcasing its strength in RWA activity.
- Institutional investment is growing, exemplified by Trans-Canada Capital adding $55 million in a spot bitcoin ETF.
- Canadian banks hold over $139 million in bitcoin ETFs, reflecting rising institutional demand.
- The U.K. Financial Conduct Authority is now allowing retail access to crypto ETNs, signaling regulatory support for digital assets.
These developments indicate both Ethereum and Solana's increasing significance as foundational infrastructures in the crypto ecosystem. Investors focusing on these trends may find valuable opportunities ahead.