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

  • By: Kenny
  • Date: June 16, 2025
  • Time to read: 25 min.



Cantor initiated coverage of the three largest solana

treasury companies DeFi Development (DFDV), Upexi (UPXI) and Sol Strategies (HODL) with an overweight rating, the Wall Street firm said in a research report Monday.

The broker has a $45 price target for DeFi Development, a C$54 objective for Sol Strategies, and a $16 price target 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 biggest competitor is the Ethereum blockchain, Cantor noted, but its technology is meaningfully better than its larger peer on every metric.

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

Therefore, using solana as a treasury asset makes more sense than using ether

, the report said.

The report added that companies that have adopted solana as a treasury asset believe that the crypto can overtake ether, which currently has a market cap 2.5 times larger than SOL.

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





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Previous Post

Bitcoin And HYPE Lead Fresh Crypto Rally Toward New Highs

Next Post

Bitcoin Takes Aim At New Highs Despite Bearish Factors