Libre, a partnership venture between WebN Group and Laser Digital, has chosen Solana as the preferred blockchain for real-world asset （RWA） tokenization due to its scalability and low transaction costs.
Points
- Solana offers high scalability with up to 65,000 transactions per second.
- The blockchain’s low latency rate ensures real-time settlements, crucial for RWA.
- Solana’s robust ecosystem supports both DeFi and meme coins.
- The total value locked （TVL） in Solana’s on-chain DeFi assets is $5.3 billion.
Solana has been chosen by Libre, a partnership venture between Brevan Howard-backed WebN Group and Nomura-backed Laser Digital, as the preferred blockchain for real-world asset （RWA） tokenization. This decision is driven by Solana’s exceptional scalability and low transaction costs.
Solana is renowned for its high throughput capability, currently supporting up to 65,000 transactions per second. This scalability is vital for RWA because it can handle unexpected surges in transactions due to factors like FOMO or panic selling. Additionally, Solana’s low latency rate, with a block time of just 0.8 seconds, ensures real-time settlements, which are critical for the efficiency and speed required in RWA transactions.
Besides its scalability and low latency, Solana has demonstrated significant growth in 2024. The blockchain ecosystem, known for supporting both DeFi and meme coins, has a robust total value locked （TVL） of $5.3 billion in on-chain DeFi assets and an additional $3.3 billion in stablecoins.
BONK 1-year Returns Till 23 July 2024, Source: CoinMarketCap
Factor Giving Solana an Edge Over Others
Libre’s choice of Solana over other blockchains like Ethereum or Cardano can be attributed to two main factors: high scalability and low latency. Solana’s high throughput capability allows it to handle large volumes of transactions efficiently, while its low latency ensures quick settlements, both of which are crucial for RWA.
解説
- Scalability and Efficiency: Solana’s ability to process up to 65,000 transactions per second and its low latency rate make it an ideal blockchain for real-world asset tokenization.
- Market Growth: The significant growth of Solana’s ecosystem, with a high total value locked （TVL） in DeFi assets, highlights its potential and attractiveness for various blockchain projects.
- Future Prospects: Solana’s robust infrastructure and growing ecosystem position it as a leading blockchain for innovative projects, particularly in the RWA sector, promising continued growth and development.