Institutional confidence turns to high-performance blockchain infrastructure

Galaxy Digital's $1.2 billion acquisition of Solana marks growing confidence among institutional investors in high-performance blockchains, with SOL prices rising 12% after the announcement. The company sees Solana as a critical infrastructure for DeFi and NFT, noting that its active address has increased by 200%. While critics point to sustainability concerns and Ethereum’s leading position in TVL, the move reflects institutional investors moving from Bitcoin and Ethereum to scalable networks for a broader diversification.