Daniel Yan Predicts Solana Will Be the Next Cryptocurrency to Launch a Spot ETF
Daniel Yan, co-founder of Matrixport and cryptocurrency expert, expressed confidence that the next cryptocurrency to launch a spot ETF will be Solana (SOL). In his opinion, if the approval of a spot ETF on Ethereum (ETH) takes place, Solana will be among the next contenders for such a financial product.
Advantages of Solana Over Ethereum
Yan bases his prediction on historical trends: approval of spot ETFs on Bitcoin in the past has led to increased interest in Ether. From his point of view, Solana has a number of advantages that can make it more attractive to investors compared to Ethereum. In particular, the Solana market faces less competition, which could potentially lead to greater profits from SOL.
Solana’s High Performance and Efficiency
According to Yan, although the idea of launching an ETF on Solana may seem unconventional and not very popular, its implementation is quite possible if the ETF on Ethereum is approved. He emphasizes that Solana has significant profit potential due to its high performance and ease of use.
Record-Breaking Transactions on Solana Network
According to CoinGecko data, the Solana network set a record for average transactions per second in April, reaching 1,504 transactions. This makes it 46 times faster than Ethereum and 5 times faster than Polygon, confirming its high technical characteristics and efficiency.
The Potential of Solana in the World of Spot ETFs
Thus, Yan believes that Solana could be the next big step in the world of spot ETFs, providing investors with new opportunities to participate in the cryptocurrency market and potentially bringing significant benefits.
