Franklin Templeton, a global investment giant, has identified Solana (SOL) as the potential “third major crypto asset” alongside Bitcoin (BTC) and Ethereum (ETH). According to the firm’s digital assets unit, the Solana network has experienced significant growth in total fees and decentralized exchange (DEX) volumes over the past year. Franklin Templeton anticipates that this growth will continue as Solana strengthens its network effects and improves its performance, positioning itself to capture future trends in the crypto market. Solana stands out for its low fees, fast transaction speed, and high data throughput compared to other networks.

Currently trading at $143.34, SOL is the fifth-ranked crypto asset by market cap. While it has increased by nearly 3% in the last 24 hours, it has decreased by over 22% in the past month.

Franklin Templeton also believes that Solana is uniquely qualified to be the primary choice for adoption in various sectors of the crypto space, including decentralized physical infrastructure (DePIN), payments, compression non-fungible tokens (NFTs), and centralized limit order books (CLOBs). The investment giant expects the activity on the Solana network to surge in the coming months due to potential airdrops and the growing popularity of memecoins.

Furthermore, the Solana ecosystem is expected to receive more airdrops in the near future, which will further contribute to its growth. The network has also seen a continued increase in memecoin activity.

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