RockawayX, a $2bn AUM digital asset investment firm, today released its “Why Solana?” report, outlining why Solana is best-positioned to dominate the future of tokenization-fueled onchain finance. The report is available to view at rockawayx.com/whysolana
RockawayX highlights Solana’s unique role in asset tokenization and Internet Capital Markets, presenting a comprehensive long-term investment thesis for institutional allocators.
RockawayX is a long-time collaborator of the Solana Foundation, having worked together most recently on the Solana City Dubai ecosystem effort. The firm is also actively supporting several Digital Asset Treasury (DAT) companies and is a close technical, liquidity, and venture partner to many key ecosystem projects, like DoubleZero, Squads, and Kamino.
The firm’s report argues that Solana’s technical performance, ecosystem depth, commercial focus, and adoption momentum distinguish it from other blockchains and position it to capture outsized value as finance migrates onchain. It frames Solana as the only network capable of supporting a unified global marketplace where all assets are tradable.
Key themes in the report include:
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Tokenization as the next internet-scale disruption. With global assets exceeding $600 trillion in market value, even a small shift onchain represents a deca-trillion-dollar opportunity. Solana already leads this trend, capturing over 94% of daily tokenized stock trading volume across blockchains following the launch of xStocks, which has surpassed $4 billion in cumulative volume since June 2025. RockawayX contends that dominance is underappreciated by the institutional market today.
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Internet Capital Markets. Among blockchain networks, only Solana delivers the scale required to realize the ICM thesis, which promises a unified, high-performance global marketplace for every tradeable asset.
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Institutional adoption. Global financial firms, including Visa, PayPal, BlackRock, and Franklin Templeton, have already chosen Solana for payments or tokenized products, while stablecoin settlement, tokenized equities, and fixed-income protocols are accelerating inflows. RockawayX believes this ‘virtuous cycle’ of market development is not fully reflected in Solana’s valuation.
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Yield advantage. With staking yields averaging ~7% compared to Ethereum’s ~3%, Solana offers investors a materially higher income profile alongside long-term appreciation potential.
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Solana outpaces all blockchains in today’s most meaningful metrics. Solana consistently processes more transactions than all other blockchains combined. It also leads in active addresses, fees captured, trading volume, and token creation, and generates more onchain app revenue than all other chains combined. Despite this dominance in usage and fundamentals, institutional exposure to its native asset SOL is still relatively low, creating significant room for market repricing as Solana’s advantages are more broadly recognized.
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Valuation framework. Solana is one of the fastest-growing technology platforms in history, reaching a $100 billion market cap in just five years—faster than Google, Facebook, Microsoft, or Amazon. RockawayX’s report features short-, medium-, and long-term scenarios for SOL’s growth, including paths to $900, $2,000, and $6,000 per token as adoption expands across trillions in tokenized assets.
RockawayX emphasizes that Solana is both a high-growth asset and the backbone of future digital finance.
“Solana combines the attributes of a global settlement network with the income characteristics of a productive asset,” said Viktor Fischer, CEO and Managing Partner of RockawayX. “With this thesis, we aim to provide institutions with a clear framework for understanding why Solana is uniquely positioned to become the financial infrastructure of the internet.”
About RockawayX
RockawayX is a global digital asset investment firm with approximately $2bn in assets under management across divisions. Since 2020, the firm has backed 100+ early-stage crypto projects. RockawayX’s yield strategy is an active liquidity provider across DeFi protocols. RockawayX Infrastructure runs validators out of data centres the firm owns and operates in Europe, and develops protocol-ready hardware solutions (i.e., optimised GPUs). RockawayX Labs incubates web3 projects and open-source products.
For more information about RockawayX, please visit rockawayx.com