Solana Offers Superior Treasury Strategy to Ethereum, Firms Accumulating SOL Merit Valuation Premiums: Cantor

Cantor Backs SOL-Focused Firms With Overweight Ratings, Calls Solana the Superior Blockchain Bet

Cantor Fitzgerald has begun coverage of three Solana-heavy treasury firms—DeFi Development (DFDV), Upexi (UPXI), and Sol Strategies (HODL)—assigning each an ‘Overweight’ rating in a new research note published Monday.

The firm issued a $45 price target for DFDV, $16 for UPXI, and C$54 for Sol Strategies, citing their strategic alignment with Solana (SOL), which currently trades at $142.88.

According to lead analyst Thomas Shinske, these companies are positioning themselves around a foundational belief: that the future of finance will be on-chain—and that Solana, not Ethereum, will lead that evolution.

“Solana’s technology stack significantly outperforms Ethereum’s across every key dimension,” the report stated. “From speed and cost-efficiency to recent developer activity, SOL is pulling ahead.”

Cantor emphasized that developer growth on Solana has recently outpaced Ethereum, and the firm expects that trend to persist. In this context, holding SOL in corporate treasuries is seen as a smarter long-term bet than holding ether (ETH), which remains more than 2.5 times larger in market cap, at $2,428.99.

The report also suggested that companies accumulating SOL aren’t just crypto-native—they’re forward-looking tech firms making a directional bet on Solana overtaking Ethereum in utility and market dominance.