Key Takeaways 

Crypto treasuries have scooped up over 4 million SOL, while XRP interest has remained relatively low. Is this enough for SOL to outperform XRP in the next few months?

Since last November, XRP has outperformed Solana by over 400%, making it a top-three crypto asset by market cap. On the contrary though, SOL has attracted more interest from public firms running corporate treasuries than XRP.

With both assets expecting a Spot ETF approval soon, will the crypto treasury demand give SOL an edge over the next few months? 

SOL outpaces XRP

Since May, SOL has seen record-high interest from crypto treasury companies. In July alone, trading volumes from SOL-focused firms hit $4 billion while XRP attracted “just” $460 million. 

Overall, corporate treasuries have accumulated 4.3 million SOL, worth about $905 million as per the press time market price. 

Some of the top SOL treasury firms include SOL Strategies, DeFi Development Corp (DFDV), Upexi (UPXI), Sharps Technologies (STSS) and others. In fact, Sharps Technologies recently secured $400M capital and plans to expand to $1 billion for SOL acquisition.