Analytics Company Reveals Popular Altcoin Recently Favored by Institutional Whales!

Tiger Research, an Asia-based research and consulting firm, stated that Solana is emerging as the fundamental infrastructure for the next generation of Internet Capital Markets (ICM).

Tiger Research’s latest report states that global financial institutions, including JPMorgan, Visa, and PayPal, are conducting pilot projects for Solana-based asset issuance, payment settlement, and tokenized products.

According to the analysis, the cryptocurrency market is transitioning from technical experiments to an industrial phase, and its ultimate form will be the creation of internet capital markets.

At this point, it is stated that the most concrete example of this transition in the cryptocurrency market is the Solana (SOL) network.

The report also noted that with the US taking the lead in establishing a legal framework for crypto, Solana is positioned as a centralized network to create institutional use cases while keeping regulatory compliance in mind.

As part of this effort, major global financial institutions such as JPMorgan, State Street, Citi, Franklin Templeton, Visa, PayPal, and Western Union are conducting Solana-based asset issuances, payment settlements, tokenized product launches, and pilot projects.

At this point, Tiger Research concluded that Solana is the most active among public chains in collaborating with institutions and has a track record of success in real-world transactions.

The report concludes by stating that Solana processed 33 billion transactions last year, with an average fee of $0.0013 per transaction and a transaction finality of approximately 0.4 seconds. The network also continued to operate uninterrupted during a sharp market downturn and an AWS outage.

*This is not investment advice.