RWA Trend is Ethereum, But the Real Reason Wall Street Asset Managers are Moving to Solana | Seo Dong-ju, Kim Dong-hwan, Lee Seong-san, Solana Foundation Korea General Manager [Crypto PLUS]

Summary

Lee Seong-san, Solana Foundation Korea General Manager, discusses Solana's growing institutional adoption in the US and Korea, with emphasis on stablecoin issuance (PYUSD) and RWA tokenization migrating from Ethereum to Solana. He highlights Solana's infrastructure advantages (speed, low fees, single-layer) and explains that current SOL price weakness is macro-driven, not fundamental. He views Solana as undervalued and expects price recovery as network effects compound.

• Solana is being adopted by US institutions for stablecoins and tokenization, with PYUSD launching exclusively on Solana.
• RWA projects like BlackRock's BUIDL are migrating from Ethereum to Solana due to lower costs and better efficiency.
• Korean financial institutions are actively doing POCs with Solana for tokenized securities and stablecoin distribution.
• Solana's price is currently influenced by macro and market sentiment, not by its growing usage.
• The foundation considers Solana still undervalued and expects price recovery as macro risks resolve.
• Node operation requires high hardware specs, limiting decentralization but ensuring performance.
• Solana is investing heavily in AI and privacy infrastructure, with X402 contributing 60% volume on Solana.
• US exchanges like ICE and NASDAQ are investing in on-chain platforms, signaling long-term infrastructure demand.