An ambitious new investment thesis from crypto-focused venture firm Multicoin Capital claims that Solana—currently a dominant $100 billion blockchain ecosystem—could eventually “outperform the major traditional finance (TradFi) players,” including NYSE, NASDAQ, and CME. The 17-minute read, published by Multicoin Capital Co-Founder Kyle Samani and titled “The Solana Thesis: Internet Capital Markets,” outlines in detail why the firm believes SOL can capture value from every layer of the global financial stack.
How Solana Could Topple NYSE And NASDAQ
Multicoin Capital has been a supporter of Solana since its seed round in May 2018. Noting that the network has become “the fastest-growing developer ecosystem” while surpassing “Ethereum on most major on-chain metrics (trading volumes, daily active addresses, REV, TEV, DePIN payments, etc.),” Samani describes the newly released thesis as the firm’s fifth…
