Pantera Capital’s Dan Morehead Says It’s ‘Not Obvious’ How Any Layer-1 Could Surpass Solana (SOL) – Here’s Why
The crypto investment giant Pantera Capital is betting big on Solana (SOL). Pantera founder Dan Morehead tells CNBC in a new interview that his firm owns $1.1 billion worth of Solana because they believe in the platform’s technology. “Solana can do, I think, 9 billion transactions a day, which is more than all capital markets combined. So it’s not obvious that you need that next thing past Solana.” Morehead predicts there will be a “single-digit number” of layer-1 protocols that dominate the digital asset space in the future. Pantera recently closed more than $500 million in funding to launch a Solana-backed Digital Asset Treasury (DAT) called Helius. Cosmo Jiang, a general partner at Pantera, argues that investing in DAT companies offers higher return potential compared to holding tokens directly or through exchange-traded funds (ETFs). “Helius bridges public markets with Solana, channeling liquidity into staking an...