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  • staked-etherLido Staked Ether (STETH) $ 2,265.05
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  • cardanoCardano (ADA) $ 0.257483
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  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 2,466.93
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  • wrapped-eethWrapped eETH (WEETH) $ 2,465.31
  • memecoreMemeCore (M) $ 2.71
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  • zcashZcash (ZEC) $ 257.49
  • litecoinLitecoin (LTC) $ 54.40
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  • the-open-networkToncoin (TON) $ 1.27
  • bittensorBittensor (TAO) $ 324.05
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  • crypto-com-chainCronos (CRO) $ 0.070488
  • hashnote-usycCircle USYC (USYC) $ 1.12
  • tether-goldTether Gold (XAUT) $ 4,664.55
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  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.22
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • mantleMantle (MNT) $ 0.676468
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  • aaveAave (AAVE) $ 96.99
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  • gatechain-tokenGate (GT) $ 6.54
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  • quant-networkQuant (QNT) $ 75.63
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  • algorandAlgorand (ALGO) $ 0.123780
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  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 11.04
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.093400
  • jito-staked-solJito Staked SOL (JITOSOL) $ 124.46
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  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,404.69
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  • usdtbUSDtb (USDTB) $ 1.00
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,262.26
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  • binance-staked-solBinance Staked SOL (BNSOL) $ 108.24
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  • iotaIOTA (IOTA) $ 0.059532

Solana Overtakes Ethereum for Large Transfers Among Broker-Dealers

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Solana Overtakes Ethereum for Large Transfers Among Broker-Dealers

The crypto sector has seen a major shift as broker-dealers are utilizing the Solana blockchain for huge transactions. As per the data from a crypto analyst going by MartyParty, the crypto broker-dealers are now preferring the use of the Solana blockchain over Ethereum blockchain to perform large transfers. The crypto analyst took to social media to discuss the significant market shift from Ethereum to Solana.

Broker Dealers are starting to use the #Solana network to send and receive large transactions instead of #Ethereum. Why?

– Because they also like fast and cheap transactions.
– Because Stable Coin liquidity shot up on Solana in 2025.

Broker Dealers send $1-10m transactions…

— MartyParty (@martypartymusic) March 8, 2025

Broker-Dealers Choose Solana Instead of Ethereum for Big Transfers

MartyParty reveals a noteworthy transition in the behavior of broker-dealers when it comes to big transactions. Hence, they have reportedly shifted from Ethereum to Solana. The preference of Solana takes into account several reasons, taking into account decreased transfer charges, and high speed.

Large financial platforms frequently shift funds ranging from $1M to $10M per transfer. With this, they primarily focus on the inventory management, debt settlement, and liquidity provision among institutional investors and market makers. On the other hand, Ethereum has increased gas fees as well as congestion issues, making it less appealing for big operations.

Apart from that, Solana has recorded an enormous surge in stablecoin liquidity during this year. As a result of this, it has become a relatively appealing platform for entities dealing with huge digital asset transfers. The liquidity upsurge guarantees relatively efficient and streamlined asset movements without substantial transfer delays or price slippage.

Wider Shift Raises Concerns about Ethereum’s Cost and Scalability Challenges

According to MartyParty, the broker-dealers’ preference for Solana over Ethereum has notable implications for the wider crypto sector. The increased utilization of Solana by Broker-dealers additionally displays the rising trust in the platform’s infrastructure and stability. Moreover, if Ethereum remains unsuccessful in addressing the cost and scalability challenges, more institutional users may shift to other blockchains, such as Solana.

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