Kash Dhanda, COO of decentralized exchange (DEX) Jupiter, believes Solana’s main challenge is narrative, not technical. There’s actually a bullish theory behind this, as detailed in a recent TV interview.
In his opinion, “Solana’s biggest problem is that there are too many bullish stories happening at the same time.” It becomes difficult to identify a single growth driver.
Mr Dhanda made it clear that his forward-looking vision focuses on infrastructure rather than asset prices. “I’ve been in the ecosystem for almost five years and I’ve never been more excited about Solana. Of course, I’m talking about the network here, not the token,” he said.
According to the executive department, Several structural factors are converging in Solana’s favor.. He cited “the quality of the network itself,” the “ability to execute fast and cheap transactions,” and the “innovation ecosystem surrounding it.” “We see all these tailwinds converging,” he said.
Dhanda also highlighted less specific but important factors for recruitment. In his words, there is “trust in the brand that we see” and he believes that is essential to attracting developers, businesses and organizations.
In this context, he argued that: 2026 could be a turning point. “I believe this is the year that Solana delivers on its promise to create real value for real people in the real world,” he emphasized. Therefore, impacts beyond the field of cryptocurrencies are expected.
Further transactions in Solana
Managers identified two key aspects of growth. “I think this will happen mainly on two fronts: the first is more assets and the second is more action,” he summarized, alluding to both increased capital and effective use of networks.
One of the most relevant data he shared it has to do with trading volume. “Solana is leading the way in volume in an amazing way,” he emphasized. He added that the network boasts “the highest trading volume in 2025”, more than any other network or centralized exchange except Binance.
Dhanda quantified the move as “about $1.5 trillion or $1.6 trillion.” For comparison, he determined that “Jupiter produced about half or a little more” of that total volume.
As a result of this activity, management noticed an increase in asset migration. “We are seeing assets flowing into the chain not only from other networks such as Zcash, Monad and Near, but also from the real world,” he said.
Among the examples, he mentioned traditional financial products. He cited Figures Prime, which he described as “basically a tokenized version of a home equity lending pool.” Such is the case for Dhanda. Predict broader trends.
Tokenization, institutions and new uses
The second line of progress is the intensive use of infrastructure. “Another big trend in tokenization is going to be more action,” he noted.rail Solana’s products are being used in new and important ways. ”
The case he described as emblematic involves a major bank. “JPMorgan issued $50 million in commercial paper to Galaxy Digital directly on the Solana blockchain,” he recalled, adding, “Franklin Templeton was among the top investors.”
Looking to the future, Danda believes: this pattern repeats: “We’re going to see a lot more of this kind of activity.” He expects crypto networks to serve as “payment networks for major financial institutions around the world” and even as “dual-listing IPOs in many other sectors.”
This happens as new ecosystem features continue to emerge. Without further ado, this is reflected in a recent statement from Solana Mobile, the network’s corporate arm that specializes in smartphone development and design.
As reported by CriptoNoticias, the company announced this week the launch of Solana tokens for Seeker phones. This asset is designed to decentralize governance, facilitate selection of applications within official stores, and align economic incentives between manufacturers, programmers, and users.
