Venture capitalist preferences can tell us a lot about the various cryptocurrencies in the ecosystem beyond their price development. With that in mind, Messari’s Q3 summary reveals a lot about a cryptocurrency in particular.
Shine bright
Research by Messari shows that SOL has the highest market capitalization ($ 68.21 billion) when looking at the most important digital assets (alongside Bitcoin and ETH) in institutional portfolios.
Market capitalization of investment properties | The source: Messari research
SOL’s stats outperform DOT ($ 40.91 billion), AVAX ($ 21.06 billion), and LUNA ($ 19.15 billion).
However, previous Messari research has shown that DOT is held mostly by crypto funds.
Statistics of SOL
What are the factors driving SOL’s popularity with businesses? To answer this question, one factor to consider is the growth rate. Solana’s daily active wallet number topped 200,000 in November, a three-fold increase (~ 67,000 per day) since mid-September.
Daily active wallets on @Solana recently crossed over 200,000. Raised three times since mid-September (~ 67,000 per day). I start now! ????https://t.co/cuAiqnDvLf pic.twitter.com/pkLYaU6Iag
– Matty Tayl â—Ž r (@mattytay) November 18, 2021
In addition, the founders of Solana share some of the most impressive stats during the Breakpoint Lisbon event in Portugal, including a total reported value of $ 15 billion, nearly 38 billion transactions and over 1.2 million active accounts.
Also, the Solana founders goal is one million developers and one billion users.
If you go back to Messari’s research, you can see that larger investors tend to be optimistic about smart contracts. With Ethereum increasingly criticized for its high gas fees, investors are looking for an alternative platform that SOL can consider.
The source: Messari research
PayPal joins the play?
Venture capitalists aren’t the only ones looking to these altcoins. As reported by Cointelegraph, Paypal’s Senior Vice President Jose Fernandez da Ponte spoke about the company’s ability to support cryptocurrencies.
The operator also commented that PayPal is tracking cryptocurrencies like ETH, SOL, DOT and ALGO.
Messari research also notes that these are popular altcoins on the market.
However, it’s too early to decide if they’ll be the final winners. After all, the competition is fierce and as Fernandez da Ponte himself noted:
“I’m sure if you ask me in six weeks I could give you four or five other names. How interesting is that … “
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
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Author
Market
Why do venture capitalists love SOL?
Venture capitalist preferences can tell us a lot about the various cryptocurrencies in the ecosystem beyond their price development. With that in mind, Messari’s Q3 summary reveals a lot about a cryptocurrency in particular.
Shine bright
Research by Messari shows that SOL has the highest market capitalization ($ 68.21 billion) when looking at the most important digital assets (alongside Bitcoin and ETH) in institutional portfolios.
Market capitalization of investment properties | The source: Messari research
SOL’s stats outperform DOT ($ 40.91 billion), AVAX ($ 21.06 billion), and LUNA ($ 19.15 billion).
However, previous Messari research has shown that DOT is held mostly by crypto funds.
Statistics of SOL
What are the factors driving SOL’s popularity with businesses? To answer this question, one factor to consider is the growth rate. Solana’s daily active wallet number topped 200,000 in November, a three-fold increase (~ 67,000 per day) since mid-September.
Daily active wallets on @Solana recently crossed over 200,000. Raised three times since mid-September (~ 67,000 per day). I start now! ????https://t.co/cuAiqnDvLf pic.twitter.com/pkLYaU6Iag
– Matty Tayl â—Ž r (@mattytay) November 18, 2021
In addition, the founders of Solana share some of the most impressive stats during the Breakpoint Lisbon event in Portugal, including a total reported value of $ 15 billion, nearly 38 billion transactions and over 1.2 million active accounts.
Also, the Solana founders goal is one million developers and one billion users.
If you go back to Messari’s research, you can see that larger investors tend to be optimistic about smart contracts. With Ethereum increasingly criticized for its high gas fees, investors are looking for an alternative platform that SOL can consider.
The source: Messari research
PayPal joins the play?
Venture capitalists aren’t the only ones looking to these altcoins. As reported by Cointelegraph, Paypal’s Senior Vice President Jose Fernandez da Ponte spoke about the company’s ability to support cryptocurrencies.
The operator also commented that PayPal is tracking cryptocurrencies like ETH, SOL, DOT and ALGO.
Messari research also notes that these are popular altcoins on the market.
However, it’s too early to decide if they’ll be the final winners. After all, the competition is fierce and as Fernandez da Ponte himself noted:
“I’m sure if you ask me in six weeks I could give you four or five other names. How interesting is that … “
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
Follow the Youtube Channel | Subscribe to telegram channel | Follow Facebook page
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