A SOL ETF could be on the horizon, with asset manager Franklin Templeton recently predicting that Solana (SOL) will become the third-largest crypto. Given its unique offering, ETFSwap (ETFS) will be the go-to platform to access this investment fund if it eventually launches.
Solana (SOL) To Become The Third-Largest Crypto: Franklin Templeton
Franklin Templeton shared an analysis of Solana (SOL) on their X (formerly Twitter) platform in which they stated that it will establish “itself as the third major crypto asset after Bitcoin and Ethereum and will likely be the network that captures the next major wave of crypto adoption.” Given that the first and second largest crypto, Bitcoin (BTC) and Ethereum (ETH), have their ETF products, Solana (SOL) could easily follow suit if it becomes the third largest crypto.
Franklin Templeton noted that Solana (SOL) survived the FTX collapse and has grown stronger since last year. Specifically, Solana saw an increase in network activity from the fourth quarter of 2023 thanks to the notable airdrops (Jito (JTO) and Pyth (PYTH)) that occurred in its ecosystem.
These airdrops are said to have brought new liquidity into the Solana (SOL) ecosystem, driving the prices of the crypto token and other tokens in its ecosystem higher. The asset manager highlighted the total fees and decentralized exchange (DEX) volume on the network, which they believe has also demonstrated Solana’s (SOL) growth in the last two years.
Meanwhile, Franklin Templeton also alluded to Solana’s “superior tech,” which they claim is well-suited for several sectors likely to drive the next wave of adoption in the crypto space. These sectors include “DePIN (Decentralized Physical Infrastructure Network), Payments, especially micropayments, compression NFTs/ xNFTs and CLOBs (centralized limit order book)/ Payment-for-order-flow.”
The upcoming airdrops in the Solana (SOL) ecosystem and meme coin activity are two factors that the asset manager highlighted could help the crypto token become the third-largest after Bitcoin (BTC) and Ethereum (ETH). Meanwhile, Franklin Templeton acknowledged the network’s congestion issues, which could hinder Solana’s (SOL) growth.
However, they expect the Firedancer update, which will go live later this year, to help solve this issue. “Once Firedancer is implemented, Solana’s technical capabilities are expected to be significantly higher than the current design,” Franklin Templeton claimed.
Having established that Solana (SOL) could become the third-largest crypto, an SOL ETF is a huge possibility. Therefore, it is important to reveal a platform that provides easy access to this investment fund if it eventually launches.
ETFSwap (ETFS) Provides Easy Access To A Potential SOL ETF
ETFSwap (ETFS) is a decentralized finance (DeFi) platform that tokenizes ETFs and enables them for on-chain trading. That means a SOL ETF will be made available on the platform if it eventually gets approved. Besides a SOL ETF, there is already a variety of ETFs on the platform to which investors will have access to.
The platform undoubtedly provides a more straightforward means for investors to invest in these traditional assets. All users will need is their crypto wallets to purchase these ETFs. Investors also do not have to worry about the rigors associated with customer verification, as Know-Your-Customer (KYC) requirements are non-mandatory on the platform.
However, it is worth mentioning that ETFSwap (ETFS) users must hold a certain amount of ETFS, the platform’s native token, before they can access these tokenized ETFs. In addition to granting them access to the platform, purchasing those tokens now could be a wise investment decision, considering that crypto experts project that it could see a 5000x increase from its current price of $0.00854.
Similar to Franklin Templeton’s projections for Solana (SOL), they noted that ETFSwap (ETFS) could enjoy exponential growth due to its utility and the hype around Real World Assets (RWA) projects like ETFSwap. These experts project that ETFSwap (ETFS) will eventually climb into the top 50 crypto ranking by market cap.
Stage 1 of the token’s presale is still ongoing, meaning that investors can still purchase ETFSwap (ETFS) at this discounted price of $0.00854. The coin’s price is expected to double once stage 2 of the presale begins. Therefore, you must act fast if you want to enjoy maximum gains.
For more information about the ETFS Presale: