Fidelity: Solana now captures 15% of major US exchange trading, targets $96-98

Solana ‘s influence in the digital asset sector continues to rise as a recent report from Fidelity Digital Assets highlights its expanding role in both on-chain trading and tokenized asset markets. The network has gained prominence among market participants amid rising trading volumes and infrastructure developments, even as the SOL token faces technical price pressures. Fidelity Digital Assets, a subsidiary of the global financial services firm Fidelity Investments, published a report titled “Solana’s Competitive Advantage in Onchain Trading.” Analysts examined Solana’s growth within the context of evolving financial infrastructure, focusing on its transaction capacity and efficiency advantages over traditional systems. The report found that Solana now accounts for roughly 15% of trading volume on major U.S. cryptocurrency exchanges, up from just 0.30% in 2022, signaling a sharp uptick in adoption.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinTurk News.