SOL-Heavy Firms Warrant Premiums Thanks to Solana’s Stronger Treasury Tactics Over ETH: Cantor

Solana-Centric Firms Get Cantor’s Vote of Confidence With Overweight Ratings

In a show of confidence in Solana’s ecosystem, Cantor Fitzgerald has initiated coverage on three major SOL treasury holders—DeFi Development (DFDV), Upexi (UPXI), and Sol Strategies (HODL)—assigning all an Overweight rating.

The firm’s price targets include $45 for DFDV, $16 for UPXI, and C$54 for HODL. According to Cantor, these companies represent a new wave of on-chain corporate strategy—choosing Solana (currently $142.88) as their primary treasury asset rather than Ethereum.

“SOL’s technical edge is undeniable, and its developer community is expanding at a faster pace than Ethereum’s,” wrote lead analyst Thomas Shinske. “We expect this outperformance to persist.”

The report argues that companies betting on SOL are embracing a thesis that the next generation of decentralized finance will not only be built on-chain, but will be built on Solana specifically.

Cantor concluded that this belief, paired with Solana’s growing utility, could justify a valuation premium for firms with concentrated SOL exposure—especially as Solana continues to close the gap on Ethereum, despite ETH’s higher market cap of $2,428.99.