21Shares Spotlights Solana’s Breakout Year in New “State of Crypto” Report

Core Insights - The report by 21Shares highlights Solana's emergence as a leading blockchain infrastructure for next-generation finance, emphasizing its ultra-high speed, near-zero fees, and expanding ecosystem [2][3] - Solana processes over 3,000 transactions per second with transaction fees consistently below $0.01, and during peak activity in January, it surpassed$364 billion in on-chain volume, matching Nasdaq's throughput [3] - Major integrations with companies like Visa, Shopify, and PayPal, along with innovations such as Solana Blinks and the Saga smartphone, position Solana as a foundational layer for the future internet [3] Company Overview - 21Shares is a prominent issuer of cryptocurrency exchange-traded products (ETPs) and aims to bridge traditional finance with decentralized finance, having launched the first physically-backed crypto ETP in 2018 [6] - The company offers the 21Shares Solana Core Staking ETP (ticker: CSOL), which allows investors to gain exposure to Solana with a management fee of 0.35% and benefits from staking rewards [4] Competitive Analysis - The report includes a detailed comparison of Solana with competitors like Ethereum, Sui, and TON, along with sector analyses of Solana's growing ecosystem, including DePIN, AI agents, and DeFi innovations [8] - A comprehensive valuation framework is provided to assess whether Solana is undervalued relative to its peers, along with insights into its role in a diversified crypto portfolio [8]