Pantera: Bitcoin and Ethereum’s narratives are set, Solana has greater upside potential

According to Odaily Planet Daily, Pantera Capital officially announced in a post on X that Solana is reaching a critical inflection point in consumer, fintech, and institutional adoption. Blue-chip companies like Stripe and PayPal have already begun building applications on it. While the narratives of Bitcoin and Ethereum are largely established, Solana's are just beginning to unfold.

Solana is still in its early stages. Currently, there is no Sol ETF, and only five publicly traded companies hold Sol. Institutional allocations to Sol are significantly underrepresented relative to BTC and ETH, holding less than 1% of the total supply (compared to 16% for BTC and 7% for ETH). In terms of market capitalization, Solana is still only 1/20th the size of Bitcoin and 1/4 the size of Ethereum—but it already leads both in key usage metrics. Solana's adoption narrative is just beginning, with even greater asymmetric upside potential.