The post Is Solana Building Crypto’s Manhattan? Grayscale Says Yes appeared on BitcoinEthereumNews.com. Grayscale Research has labeled Solana “crypto’s financial bazaar,” highlighting its deep on-chain economy, strong user growth, and dominant transaction activity as the foundation for long-term value creation. Meanwhile, analysts cite a notable surge in Solana’s on-chain activity, but major holders reducing futures exposure creates uncertainty around SOL’s next breakout. Sponsored Sponsored Solana’s Economic Engine Remains Hot Despite Whale Caution In a new report, Grayscale argues that the network’s diversity of decentralized applications (dApps), from DeFi to physical infrastructure, positions it as the leading smart contract platform by usage. “Solana is an active community and on-chain economy: an invisible metropolis with millions of users conducting thousands of transactions per second,” Grayscale wrote. “It’s the category leader in users, transaction volume, and transaction fees — arguably the three most important measures of blockchain activity,” read an excerpt in the report. With a market capitalization of nearly $111 billion, Solana’s native token, SOL, ranks sixth-largest cryptocurrency and the fifth-most liquid asset after Bitcoin and Ethereum. Grayscale notes that SOL has significantly outperformed its peer group since 2023, while stakers currently earn around 7% nominal rewards, which translates to a real yield near 3%. Solana’s ecosystem spans over 500 applications, powering decentralized finance, consumer apps, and real-world infrastructure. DeFi platforms like Raydium and Jupiter have facilitated over $1.2 trillion in trading volume year-to-date, while social and meme coin platforms like Pump.fun generate more than $1.2 million in daily revenue from roughly 2 million monthly users. In the DePIN sector, Helium continues to expand its decentralized wireless network with over 112,000 hotspots and major telecom partnerships with AT&T and Telefonica. Collectively, the Solana ecosystem generates an estimated $5 billion in annualized transaction fees, a direct reflection of on-chain demand, hence Grayscale’s crypto bazaar thesis. Sponsored Sponsored Competitive Design and Developer Growth Meanwhile, Solana’s speed, processing… The post Is Solana Building Crypto’s Manhattan? Grayscale Says Yes appeared on BitcoinEthereumNews.com. Grayscale Research has labeled Solana “crypto’s financial bazaar,” highlighting its deep on-chain economy, strong user growth, and dominant transaction activity as the foundation for long-term value creation. Meanwhile, analysts cite a notable surge in Solana’s on-chain activity, but major holders reducing futures exposure creates uncertainty around SOL’s next breakout. Sponsored Sponsored Solana’s Economic Engine Remains Hot Despite Whale Caution In a new report, Grayscale argues that the network’s diversity of decentralized applications (dApps), from DeFi to physical infrastructure, positions it as the leading smart contract platform by usage. “Solana is an active community and on-chain economy: an invisible metropolis with millions of users conducting thousands of transactions per second,” Grayscale wrote. “It’s the category leader in users, transaction volume, and transaction fees — arguably the three most important measures of blockchain activity,” read an excerpt in the report. With a market capitalization of nearly $111 billion, Solana’s native token, SOL, ranks sixth-largest cryptocurrency and the fifth-most liquid asset after Bitcoin and Ethereum. Grayscale notes that SOL has significantly outperformed its peer group since 2023, while stakers currently earn around 7% nominal rewards, which translates to a real yield near 3%. Solana’s ecosystem spans over 500 applications, powering decentralized finance, consumer apps, and real-world infrastructure. DeFi platforms like Raydium and Jupiter have facilitated over $1.2 trillion in trading volume year-to-date, while social and meme coin platforms like Pump.fun generate more than $1.2 million in daily revenue from roughly 2 million monthly users. In the DePIN sector, Helium continues to expand its decentralized wireless network with over 112,000 hotspots and major telecom partnerships with AT&T and Telefonica. Collectively, the Solana ecosystem generates an estimated $5 billion in annualized transaction fees, a direct reflection of on-chain demand, hence Grayscale’s crypto bazaar thesis. Sponsored Sponsored Competitive Design and Developer Growth Meanwhile, Solana’s speed, processing…

                                                                               BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate.                     BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more