Bitwise Chief Investment Officer Matt Hougan has voiced strong confidence in Solana, calling it one of the most promising layer-1 blockchains in the crypto market. Hougan said Solana offers “two ways to win” — by capturing a growing share of the stablecoin and tokenization infrastructure market, which he expects to expand more than tenfold in the coming years. He praised Solana’s fast, user-friendly technology and strong community that embraces rapid innovation.

Hougan believes institutional interest in Solana is accelerating, citing Western Union’s recent adoption of the blockchain for stablecoin settlements. While Ethereum remains dominant with over $163 billion in stablecoin market capitalization, Hougan considers Solana, Tron, and BNB Chain top contenders for market leadership.

Bitwise recently launched a Solana staking ETF, highlighting its growing focus on the blockchain. Hougan compared Solana’s upside to Bitcoin’s, noting both could benefit from rising market size and increasing market share — a “two-way win” scenario for investors.

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