Solana Outperforms Major Cryptos with 24% Gains Over Past Month

Solana has gained 24% over the past month, with potential for significant year-end growth, according to Bitwise CIO Matt Hougan. Key points include:

Strong crypto returns have been linked to ETP inflows and corporate treasury purchases.
Seven major asset managers, including Bitwise and Grayscale, have filed for spot Solana ETPs, with SEC rulings expected by October 10.
Forward Industries raised $1.65 billion from crypto investors to buy and stake SOL, enhancing its revenue-generating potential.
Recent upgrades will reduce transaction finality time on Solana from 12 seconds to 150 milliseconds, with fees under a cent.
Solana ranks third in stablecoin liquidity and fourth in tokenized assets, with asset volume increasing by 140% this year.
With a market cap of $116 billion, smaller investments can significantly impact SOL compared to larger cryptocurrencies like Bitcoin and Ethereum.

Hougan suggests investors monitor Solana closely.