- Cantor Fitzgerald backs Solana as a treasury asset over Ethereum
- Developer growth on Solana surpasses Ethereum
- Solana’s rapid ecosystem expansion is a key factor
Financial services firm Cantor Fitzgerald has expressed a strong preference for Solana ($SOL) over Ethereum ($ETH) as a crypto treasury asset. Despite Ethereum’s broader mainstream adoption, the analysts highlighted that Solana’s developer activity and ecosystem growth are currently outpacing Ethereum, making it a more compelling choice for long-term institutional holdings.
This shift in sentiment among analysts marks a significant milestone for Solana, which has long been considered a strong alternative but not a direct replacement for Ethereum in treasury portfolios. The growing number of developers building on Solana indicates increased confidence in its technical capabilities and long-term potential.
Developer Momentum Drives Confidence
According to the analysts, Solana has recently seen a surge in developer engagement, surpassing that of Ethereum. This momentum is critical, as developer activity often signals future application growth, innovation, and network value. Projects built on Solana benefit from high throughput and low transaction fees, features that attract new teams and capital into the ecosystem.
This increased developer participation boosts Solana’s credibility as a reliable infrastructure layer, encouraging institutions to consider it not just as a speculative asset but as a core part of their digital asset strategy.
Implications for Treasury Strategy
Cantor Fitzgerald’s stance suggests a shift in how institutions might diversify their crypto treasuries. While Ethereum has long been the go-to for its established presence, Solana’s growing ecosystem and improving fundamentals are hard to ignore. As more firms look to hold digital assets, performance, scalability, and developer traction will play a larger role in decision-making—areas where Solana currently shines.
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