Cantor Launches Coverage on SOL Treasury Firms, Favoring Solana Over Ethereum
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Cantor Launches Coverage on SOL Treasury Firms, Favoring Solana Over Ethereum

Cantor has started coverage of major Solana treasury companies, emphasizing the potential premium these firms may hold over their asset value and advocating for Solana over Ethereum.

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Summary

Cantor has initiated coverage on three significant treasury firms associated with Solana (SOL), specifically DeFi Development (DFDV), Upexi (UPXI), and Sol Strategies (HODL). The ratings suggest these companies ought to trade at a premium relative to their net asset values from Solana holdings.

Key Points:

  • Cantor provided an ‘overweight’ rating for the aforementioned firms.
  • The broker believes that using Solana as a treasury asset is more advantageous than Ethereum.
  • Price targets include $45 for DeFi Development and $16 for Upexi.

Cantor’s analysts noted that there is an increasing belief among SOL treasury companies that the future of finance lies with on-chain strategies, particularly favoring Solana.

The firm highlighted that Solana shows significant technological advantages over Ethereum and anticipates continued developer growth on Solana outpacing that of Ethereum.

Read more: DeFi Adding $5B of Solana Buying Power With New Line of Credit

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