Understanding Solana for Financial Services

The Ethereum blockchain is the leader in institutional use among providers of financial services, but Solana is making a strong case for consideration. Its throughput capacity and transaction speed—driven by the Firedancer upgrade that patched some previous performance issues—are drawing the attention of FIs. Those that move quickly stand to gain first-mover advantages of being able to build compelling new products that leverage the technology. 

This Javelin Strategy & Research report looks at how Solana has raised its profile, the possible implications of its wide-scale use in the realm of digital assets as handled by financial institutions, and the use cases it can enable.

Key questions discussed in this report: 

• Why does Solana have potential to make a significant impact on the financial industry?
• What are the use cases for the Solana network?
• What are the implications for integrating the Solana network into financial services?

Companies Mentioned: 

21shares, AMEX, Arbitrum, Avalanche, Binance, Bitcoin, Chainlink, Chainspect, Circle, Citibank, Coinbase, Coinbureau, Crowdfundinsider, Crypto.com, Ethereum, Etherfuse, Franklin Templeton, Hudson River Trading, Jito, Jump Trading, Mastercard, Mercado Pago, Microsoft, Mysten Labs, Nuvei, Openbook, Optimism, PayPal, Polkadot, Solana, Solana Foundation, Stripe, Sui, Token Terminal, Tokentax, Tusky.io, Visa, Worldpay, XRPCompany