Why Fidelity calls Solana ‘an emerging piece of financial market infrastructure’

From a technical standpoint, SOL has been the worst performer in the Q4 rally. It’s currently trading at just a few points above $50 and has recently fallen below $70 once again, resulting in another wave of weak hands taking profits. $50 is back on the radar. In this light, the focus shifts to Fidelity’s latest report, in which the firm called Solana, An emerging piece of financial market infrastructure. According to the report, Solana’s trading volume was about 15% of the big five U.S. stock exchanges combined this year. Meanwhile, its trade count has also grown nearly 100x since 2022, compared with just 1.76x growth across major U.S. stock exchanges. In essence, Solana’s competitive edge is becoming increasingly tied to on-chain trading activity.

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