Yes from *Token2049 Singapore, interview Oct 13-14, published by Coinage / TokenPost*.
Grayscale's *Zach Pandl, Head of Research*, not just Solana:$AGT $ICNT $QUICK
*Exact argument:*
- Solana, Ethereum, BNB Chain *"aren't a consensus trade"* right now for crypto-native investors - everyone chasing *Zcash (+389% 1Y)* and *Hyperliquid (+100% 1Y)* instead
- Pandl: *"Don't sleep on the classics"* - because *tokenization, stablecoins, tokenized deposits* will all run on smart contract platforms regardless of narrative hype
- Solana in *category of its own for speed/scale* = leading *all chains in stablecoin transactions* per CoinMarketCap Index DTF summary of his remarks *Oct 17, 03:35 UTC*
*Data Grayscale uses for that "category":*
>1,000 dApps* on Solana (doubled from 500 in Oct 2025 report), *∼100M txs/day = ∼1,200 TPS avg*, *4.3M daily active users*
- *DEX volume $3.6T YTD* (Jupiter main driver), *$425M monthly fees = >$5B annualized*
- *Median fee $0.001, avg $0.02* even under load, *400ms block time, 12-13 sec finality* today
- *$2B+ tokenized assets* on Solana vs $16B ETH, $390B Canton (institutional private), plus *$4.4B tokenized stock volume last month on Solana, 1.4M holders*
- *Stablecoin transaction count leadership* - not stablecoin market cap (Tether on Tron/Eth still larger by value), but *number of moves* driven by payments, retail, memecoin + DeFi activity
*Alpenglow upgrade:* referenced by Pandl as widening gap - will cut finality to *100-150ms* (from 12-13 sec now) - Grayscale report calls it next performance step.
His other call: *Bitcoin bottomed ∼$58k late June*, recovery holding despite macro.
Grayscale's *Zach Pandl, Head of Research*, not just Solana:$AGT $ICNT $QUICK
*Exact argument:*
- Solana, Ethereum, BNB Chain *"aren't a consensus trade"* right now for crypto-native investors - everyone chasing *Zcash (+389% 1Y)* and *Hyperliquid (+100% 1Y)* instead
- Pandl: *"Don't sleep on the classics"* - because *tokenization, stablecoins, tokenized deposits* will all run on smart contract platforms regardless of narrative hype
- Solana in *category of its own for speed/scale* = leading *all chains in stablecoin transactions* per CoinMarketCap Index DTF summary of his remarks *Oct 17, 03:35 UTC*
*Data Grayscale uses for that "category":*
>1,000 dApps* on Solana (doubled from 500 in Oct 2025 report), *∼100M txs/day = ∼1,200 TPS avg*, *4.3M daily active users*
- *DEX volume $3.6T YTD* (Jupiter main driver), *$425M monthly fees = >$5B annualized*
- *Median fee $0.001, avg $0.02* even under load, *400ms block time, 12-13 sec finality* today
- *$2B+ tokenized assets* on Solana vs $16B ETH, $390B Canton (institutional private), plus *$4.4B tokenized stock volume last month on Solana, 1.4M holders*
- *Stablecoin transaction count leadership* - not stablecoin market cap (Tether on Tron/Eth still larger by value), but *number of moves* driven by payments, retail, memecoin + DeFi activity
*Alpenglow upgrade:* referenced by Pandl as widening gap - will cut finality to *100-150ms* (from 12-13 sec now) - Grayscale report calls it next performance step.
His other call: *Bitcoin bottomed ∼$58k late June*, recovery holding despite macro.