Novogratz’s Galaxy Digital poised to surpass Coinbase as top Solana validator

Mumtaz forecasts Galaxy Digital to surpass the public crypto exchange by June 22. She notes that Galaxy is poised to make an annual $22 million from staking fees alone. However, it is unclear how many SOL tokens Galaxy Digital holds. Pantera Capital, which also participated in the bid, is now demonstrating bullish sentiment towards Solana.

They note its potential to challenge Ethereum’s dominance in the blockchain ecosystem.