In a series of tweets on Wednesday, global investment firm Franklin Templeton expressed her opinion on the merits of the Solana and Ethereum blockchains, leading to speculation about the investment giant’s next move.
Franklin Templeton, one of the world’s largest asset managers, manages more than $1.4 trillion in assets.
“We believe that as blockchain fees and performance improve, the potential use cases that are unlocked grow exponentially,” said Franklin Templeton’s digital assets team. “The improvement in economics and experience for the end user cannot be overstated.”
Last week, Franklin Templeton joined other major firms, including BlackRock, VanEck, Ark Invest, and Fidelity, in gaining SEC approval for spot Bitcoin ETFs.
Franklin Templeton expressed his admiration for the Solana blockchain, calling Solana Labs co-founder Anatoly Yakovenko’s vision of a single atomic state machine a “powerful use case.”
“At Solana, we see Anatoly’s vision of a single atomic state machine as a powerful use case for decentralized blockchains, reducing information asymmetry,” they said. “And we’ve been impressed with all the activity we’ve seen on Solana in the fourth quarter of 2023.”
Projects leading activity on Solana Blockchain Franklin Templeton highlighted include DePIN, meme coins, NFTs, DeFi, and high-performance verification client Firedancer.
The account also expressed enthusiasm for Ethereum and its ecosystem, highlighting the growing difficulties of the largest proof-of-stake blockchain.
“We are excited about ETH and its ecosystem,” the company said. “Despite the mid-life crisis we recently experienced, we see a bright future with many strong tailwinds to move the Ethereum ecosystem forward.”
The company highlighted several factors that it believes are contributing positively to the momentum of the Ethereum ecosystem, including EIP 4844, developments in alternative data availability (Alt DA), community revitalization, and refactoring.
Franklin Templeton’s account went on to say that the company believes other layer-one blockchains besides Bitcoin, Ethereum, and Solana have potential.
“Other L1 networks outside of BTC, ETH and SOL have tremendous potential, and we continue to support, monitor and develop these networks as they grow and mature,” they said.
The account concluded: “Lawyers do not allow us to respond to comments, but we hear you.”
When asked to comment on the tweets, spokesman Franklin Templeton declined to comment further.
“We cannot comment on any potential future fund offerings, but we can say that we are constantly monitoring developments in the digital assets and ETF ecosystems for opportunities to diversify our business,” the spokesperson said. Decryption.
Edited by Ryan Ozawa.