Solana News Update: Financial Giant Solana Faces Off Against Challenger Digitap in the Latest Crypto Arena

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Solana News Update: Financial Giant Solana Faces Off Against Challenger Digitap in the Latest Crypto Arena

Bitget-RWA2025/11/01 15:14

By:Bitget-RWA

- Solana (SOL) gains institutional traction in 2025 via ETFs, Western Union partnerships, and a 7.03% staking yield outperforming peers. - Digitap ($TAP) disrupts altcoin market with $1M+ presale, Visa/Apple Pay integration, and buyback-burn mechanics attracting real-world utility seekers. - Ethereum's $60B DeFi dominance and market volatility challenge Solana's growth, while Sui (SUI) drops 7% amid broader crypto fluctuations. - Analysts highlight divergent crypto paths: Solana's institutional ETF-driven

Solana (SOL) is entering 2025 with significant backing from major institutions, highlighted by collaborations with Western Union and the introduction of several exchange-traded funds (ETFs) from Bitwise and Grayscale, as reported by an

FXStreet Asian Wrap

. The Bitwise

Solana

Staking ETF (BSOL) saw $56 million in trading volume on its first day, while

Grayscale's Solana ETF

started staking in October 2025, allowing investors to benefit from staking rewards. These milestones, together with the U.S. Securities and Exchange Commission’s green light for a

SEC spot ETF framework

, have helped establish Solana as a major contender in the institutional blockchain sector. At the same time, Solana Company (NASDAQ: HSDT) announced a 7.03% annualized staking yield for October, surpassing leading validators by 36 basis points, according to a

Solana Company announcement

. Experts believe that these strong fundamentals, combined with growing interest in cross-border payment solutions, could drive further adoption, as also highlighted by FXStreet.

Despite the positive outlook, Solana still faces obstacles in maintaining its growth. Traders on Polymarket estimate only a 28% chance that the token will reach a new record high before 2026, with its current price at $200, according to Yahoo. Maria Carola, CEO of StealthEX, points out that Ethereum’s well-established reputation among institutions and its $60 billion in locked DeFi assets remain significant challenges for Solana in the

Layer

1 blockchain competition, as Yahoo further reported. Nevertheless, she sees the possibility of both networks coexisting, with

Ethereum

acting as a settlement layer and Solana handling fast transactions, Yahoo’s analysis concluded.

Solana News Update: Financial Giant Solana Faces Off Against Challenger Digitap in the Latest Crypto Arena image 0

The gap between established players and rising stars is evident.

Sui

(SUI), another Layer 1 blockchain, has dropped 7% this week amid overall market turbulence, according to a

Cryptopolitan article

. In contrast, Digitap continues to attract investment from those seeking practical use cases and deflationary features, as noted by Cryptopolitan. The project’s lack of KYC requirements and its working app further set it apart from more speculative tokens, the report added.

As the crypto sector adapts to regulatory developments and new technologies, Solana and Digitap illustrate different strategies for expansion. Solana’s institutional alliances and ETF momentum highlight its potential to rival Ethereum, while Digitap’s focus on user needs points to a new generation of utility-focused projects, as reported by FXStreet, Yahoo, and Bitcoin Insider.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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