Grayscale Report: Solana’s Growth Engine Shifts to Application Layer, Exploring AI Payments and RWA Tokenization
Grayscale’s latest research report indicates that Solana is evolving from a high-performance blockchain into an application platform for large-scale economic activities. The report argues that Solana’s growth engine has now moved to the application layer, driven by several key initiatives.
Jupiter, the largest DEX aggregator on Solana, is building comprehensive DeFi liquidity infrastructure. Pump.fun, a meme coin launchpad, has validated consumer-grade application user acquisition and revenue generation. Helium and other DePIN (Decentralized Physical Infrastructure Networks) projects are connecting blockchain with real-world infrastructure, expanding Solana’s utility beyond crypto-native use cases.
Additionally, Solana is actively expanding into AI Agent payments (payments for artificial intelligence agents), stablecoins, Real World Assets (RWA) tokenization, and broader asset tokenization. Grayscale believes these emerging sectors will become critical engines for Solana’s next growth phase, enabling sustainable institutional-grade business adoption.