Share this article
Solana Treasury Strategy Better Than ETH, Firms Buying SOL Should Trade at Premium: Cantor
Cantor initiated coverage of SOL treasury companies DFDV, UPXI and HODL with an 'overweight' rating.
Jun 16, 2025, 6:45 p.m.
What to know:
- Cantor initiated coverage of solana treasury companies DeFi Development, Upexi and Sol Strategies with an overweight rating.
- The broker said that these treasury companies should trade at a premium to the NAV of their solana holdings.
- Cantor said using solana over ether as a treasury asset makes sense.
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.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
"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
Sizin için daha fazlası
Bilinmesi gerekenler:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Sizin için daha fazlası
Bitcoin's bearish turn deepens as 75 out of top 100 coins trade below key averages; Nasdaq resilient
Crypto's bear grip squeezes tighter as 75 of top 100 coins trade below 50- and 200-day SMAs.
Bilinmesi gerekenler:
- 75 of the top 100 coins trade below their 50-day and 200-day simple moving averages.
- Major cryptocurrencies like bitcoin, ether, and solana are underperforming the key averages, denting risk sentiment.
- Only eight of the top 100 coins are considered oversold, indicating that most coins may still have room to fall further.
