Pantera: Bitcoin and Ethereum Narratives Have Solidified, Solana Has Greater Upside Potential

BlockBeats News, September 19th, Pantera Capital officially posted on X, stating that Solana is experiencing a significant inflection point in adoption by consumers, fintech companies, and institutions. Blue-chip companies such as Stripe and PayPal have started building applications on it. The narratives of Bitcoin and Ethereum are largely established, while Solana's narrative is just unfolding.

Solana is still in its early stages, with no SOL ETF currently, only 5 publicly traded companies holding SOL, and institutional allocation to SOL significantly lower compared to BTC and ETH, holding less than 1% of the total supply (BTC is 16%, ETH is 7%). In terms of market capitalization, Solana is only 1/20th of Bitcoin and 1/4th of Ethereum—yet leading both in key adoption metrics. Solana's adoption narrative is just beginning, with greater asymmetric upside potential.