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BULLISH 📈 : Solana gains institutional adoption with WisdomTree’s on-chain integration
Solana is emerging as a central platform for tokenized finance, highlighted by WisdomTree's implementation of fund infrastructure on Solana's blockchain. This indicates growing confidence in SOL's capacity to handle regulated financial products efficiently.
Expansion of On-Chain Operations by Asset Managers
- WisdomTree has deployed $159 billion in fund infrastructure on Solana, marking a shift in how regulated funds operate.
- Regulated money market funds are settling directly on SOL, bypassing traditional banking systems.
- A Government money market digital fund holds approximately $730 million in on-chain assets, offering retail investors access to institutional-grade products with reduced costs and faster transactions.
- This multi-chain approach demonstrates that financial institutions prioritize performance over narratives, closing the gap between on-chain and traditional finance.
- Coinbase integrates with Jupiter Exchange on its on-chain trading stack, enabling millions of Solana-based tokens to trade on Coinbase through Jupiter's liquidity.
- The integration allows for instant access to Solana-native markets using existing Coinbase balances and self-custodial wallets.
Liquidity and Market Reversals
- Larskooistra notes that Solana's price has completed an accumulation schematic, indicating a bearish market structure shift.
- This suggests potential market reversals, with equal lows as the next liquidity target.
- There is an anticipation of distribution patterns in the current upward movement.
