February 24, 2025
Solana’s True Potential
Launched in 2020 with the goal of becoming the “Nasdaq on the blockchain,” Solana quickly became known for its meme coin trading. Despite some strong tokens and its community trying to make it a more serious blockchain, the focus has almost always been on meme coins.
Pump.fun has also generated significant revenue for Solana, but its real potential lies in broader financial use cases. A Solana ETF approval could shift its image from being a “meme chain” to a serious blockchain.
Boosting Credibility
The SEC is expected to approve the ETF, especially after endorsements like the TRUMP meme coin on Solana. This would give investors a regulated way to access SOL, boosting Solana’s credibility in traditional finance.
Also, as digital payments are set to hit $20 trillion, Solana is well-positioned with its low-cost, fast transactions through Solana Pay. Beyond payments, Solana’s potential ETF approval would cement its place in the market, making it more resilient and ready for mass adoption.
