Solana (SOL) Highlights Wall Street with Billion Dollar IPO!

Jakarta, Pintu News – Solana recently reached a significant milestone by handling its $1.15 billion Bullish Initial Public Offering (IPO) entirely in stablecoins.

This success marks Solana as the first Layer 1 blockchain to natively manage large-scale market capital flows. With this achievement, Solana is attracting institutional attention and may soon gain wider recognition from Wall Street.

Technical Performance of Solana vs Ethereum

From a technical standpoint, Solana (SOL) still lags behind Ethereum in terms of monthly returns. Solana only recorded a 5% increase while Ethereum reached 15%. However, from an operational standpoint, Solana has reached a significant milestone with transaction speed reaching 100,000 transactions per second (TPS), which is the first verified peak.

Despite this, there is a stark contrast between Solana’s on-chain strength and the price action in the market. This begs the question, is Solana undervalued or is capital still likely to flow to Ethereum, so Solana’s potential has not been fully appreciated?

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Bullish IPO Impact on Solana

Solana’s processing of Bullish’s $1.15 billion IPO entirely in stablecoins is a major achievement. It not only demonstrates Solana’s technical capacity to manage large transactions, but also the trust placed in it by capital market participants.

This success puts Solana on the radar for Wall Street-scale capital flows, which goes far beyond the usual ETF hype. Moreover, this success shows that Solana is capable of moving serious capital, not just talk. In this capacity, Solana’s credibility in the eyes of Wall Street is starting to look more than just hype around traditional financial products.

Solana On-Chain Analysis

On the on-chain side, Solana is showing some signs of strength. Although Solana’s daily active addresses are down nearly 18% this week, compared to Ethereum’s 4.2% decline, Solana’s active address count has increased from 3.1 million to 3.6 million in the last three days. This adds about 500,000 active addresses, an amount roughly equal to the total activity seen by Ethereum.

This increase shows that the market is not ignoring the strength of the Solana network. With this increase in activity and the success of the Bullish IPO processed on-chain, there is a legitimate bullish signal that Solana is on the move managing serious capital.

Conclusion

With all these achievements, Solana (SOL) has further demonstrated its capacity as a blockchain that is not only fast and efficient, but also capable of handling large-scale transactions relevant to capital markets. Going forward, it will be interesting to see how Wall Street recognition and adoption of Solana will evolve.

Also Read: 5 Secrets to Using Crypto Trading Signals to Increase Investment Profits!

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Reference

• AMB Crypto. Solana: Here’s why Wall Street should pay attention to SOL now. Accessed on August 21, 2025