Cathie Wood Preaches Gospel of Solana, Pitches the SOL Network as a Remarkable Standout

Cathie Wood, the CEO of Ark Invest, attended the Solana Accelerate conference along with many other notable founders. On stage, Woods discussed the many positive aspects of the Solana network. She observed the network’s ability to remain firm through the many market woes experienced in the previous years, particularly noting that Solana surmounted the hurdles that came with the Sam Bankman-Fried controversy, especially as he was a vocal Solana proponent. Woods is quoted as saying ; “It is one of the few protocols that has gone through a full market cycle, including 2021 when Sam Bankman-Fried was a huge supporter of Solana, so everyone thought…that’s that, and here we go; it resurrected.” Woods, who appears to be keeping up with activities within the Solana ecosystem, highlighted a key milestone recorded last year: Solana unseated its long-standing competitor, Ethereum, in the number of network developers. “…On July 24, the number of developers on the Solana network surpassed that of Ethereum and became the highest,” Woods remarked. She maintains that Ethereum appeals to institutions, while Solana caters to and attracts key participants in the consumer market. She cites lower fee charges, network agility, functionality, and speed as factors propelling demand for the protocol. “At Ark, one of the things we look for in a new technology is falling cost and accelerating uptake, and that is certainly Solana.”She concluded. Like Cathie Wood, Financier Anthony Scaramucci is optimistic about Solana’s future . The founder of alternative asset manager SkyBridge Capital envisions Solana bridging the gap between crowdsourcing and crypto projects by tokenizing initial public offerings (IPOs). Scaramucci, who is currently authoring a book on the Solana network, added that Solana could become the operating layer for real-world assets, stocks, bonds, and tokenization.