Solana Will be ‘Chain of Choice;’ DFDV, UPXI, HODL Initiated at Overweight: Cantor

Cantor initiated protection of the three largest solana

treasury corporations DeFi Development (DFDV), Upexi (UPXI) and Sol Strategies (HODL) with an chubby score, the Wall Street agency stated in a analysis report Monday.

The dealer has a $45 value goal for DeFi Development, a C$54 goal for Sol Strategies, and a $16 value goal for Upexi.

“We believe SOL treasury companies are betting the future of finance will be on-chain and that the chain of choice will be Solana,” analysts led by Thomas Shinske wrote.

Solana’s greatest competitor is the Ethereum blockchain, Cantor famous, however its expertise is meaningfully higher than its bigger peer on each metric.

“Developer growth on SOL has far exceeded that on ETH recently, and we expect this to continue,” the authors wrote.

Therefore, utilizing solana as a treasury asset makes extra sense than utilizing ether

, the report stated.

The report added that corporations which have adopted solana as a treasury asset imagine that the crypto can overtake ether, which at present has a market cap 2.5 instances bigger than SOL.

Read extra: DeFi Adding $5B of Solana Buying Power With New Line of Credit