Fidelity Adds Solana to Platform, Strengthening Crypto Access for All

TLDR

• Fidelity has added Solana to its platform, allowing both retail and institutional investors in the US to trade the cryptocurrency.
• Solana is known for its high transaction throughput, processing up to 60,000 transactions per minute, with low transaction fees.
• Solana’s blockchain has faced reliability challenges, including outages and congestion issues, but remains a popular choice for developers.
• Fidelity’s listing of Solana aligns with the growing institutional adoption of the blockchain, including the approval of Solana ETFs.
• The addition of Solana to Fidelity’s crypto offerings highlights the increasing mainstream acceptance of digital assets in traditional finance.

Fidelity has expanded its crypto offerings by adding Solana (SOL) to its platform. The addition allows both institutional and retail investors in the US to trade Solana. Fidelity’s new integration includes Fidelity Crypto, Fidelity Crypto for IRAs, Fidelity Crypto for Wealth Managers, and Fidelity Digital Assets for institutional clients. This move reflects the growing trend of cryptocurrency adoption within traditional financial systems.

Solana’s Rising Popularity in the Market

Fidelity’s decision to add Solana highlights its increasing prominence in the digital asset space. Solana has emerged as one of the most traded cryptocurrencies globally. It is known for its high transaction throughput, processing about 60,000 transactions per minute. For comparison, Bitcoin processes around 250 transactions per minute, and Ethereum handles approximately 800. Fidelity highlighted Solana’s low transaction fees, often just fractions of a cent, in contrast to Bitcoin and Ethereum’s higher fees.

Nick Ducoff, head of institutional growth at the Solana Foundation, confirmed the rollout. He shared screenshots on X, showing Solana listed as a tradable asset on Fidelity’s platform. Solana’s fast transaction speeds and low costs have made it a popular choice for payments, trading, and blockchain-based projects. These features have contributed to its rise among institutional investors and developers.

Despite its success, Solana has faced significant challenges with network reliability. The blockchain has experienced several major outages, raising concerns about its stability. The most recent outage occurred in February 2024, when the network went offline for five hours. This marked its first major disruption in over a year, showing some improvement in performance. However, critics remain concerned about Solana’s ability to maintain uptime during high-demand periods.

Earlier this year, in March 2025, Solana faced congestion issues following a memecoin frenzy. The surge in activity caused delays, making Solana nearly unusable for several hours. This event renewed questions regarding the blockchain’s scalability. Despite these hurdles, Solana’s market momentum remains strong, with growing institutional support and adoption.

Fidelity’s Role in Solana’s Growing Institutional Footprint

Fidelity’s entry into Solana trading strengthens the blockchain’s institutional adoption. Recently, the 21Shares Solana Spot ETF received approval in the US, giving investors direct exposure to Solana’s spot price. This approval followed the SEC’s clearance of its Form 8-A filing, marking a significant milestone for the asset. The approval also makes Solana the third cryptocurrency after Bitcoin and Ethereum to have an approved spot ETF.

In Hong Kong, Solana’s institutional footprint expanded further with the approval of its first Solana spot ETF. This approval makes Solana the third digital asset, after Bitcoin and Ethereum, to gain such recognition. Fidelity’s listing of Solana adds to the growing interest in the blockchain, signaling its increasing mainstream adoption.

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