Key Takeaways
- • Grayscale research chief Zach Pandl said at TOKEN2049 that Ethereum, Solana, and BNB Chain are underestimated as smart contract platforms powering tokenization and stablecoin activity on-chain.
- • Pandl said trillions of dollars could eventually move on-chain through these applications, though no network-specific volume figures were provided.
- • Grayscale's GSOL fund showed significant Solana accumulation, according to the article, reflecting the firm's view of the network's growth potential.
- • Grayscale previously moved BNB to the top holding in its Smart Contract Fund at 30.6% in a Q2 rebalance, displacing Ethereum and Solana, per publisher reporting.
- • Pluang's Oct 14, 2026 snapshot showed 6 of 50 major cryptocurrencies rising and 43 falling that day.
Summary
Grayscale's research chief Zach Pandl told attendees at TOKEN2049 that Ethereum, Solana, and BNB Chain are underappreciated smart contract platforms that underpin financial activity such as tokenization and stablecoins on blockchains. He argued that trillions of dollars could eventually move on-chain through applications built on these networks, although he did not specify volumes for individual networks.
The remarks come as interest grows in newer crypto themes such as Zcash and Hyperliquid, and as perpetual futures are expected to attract both institutional and retail investors. The article notes that Grayscale's GSOL fund showed significant accumulation of Solana, which the firm presents as evidence of its interest in the network's growth prospects.
Publisher coverage of Grayscale's research has consistently named Ethereum, Solana, BNB Chain, and in some notes Avalanche and Canton Network, as networks positioned to benefit from clearer U.S. crypto rules and equity tokenization. Earlier reporting described BNB being made the largest holding in Grayscale's Smart Contract Fund at 30.6% during a Q2 rebalance, pushing Ethereum and Solana lower in the portfolio.
Pluang's market snapshot for October 14, 2026 at 22:02 WIB showed 6 of 50 major cryptocurrencies rising and 43 falling. Notable moves included Tezos (XTZ) down 8.13% at Rp5.525, EOS up 8.13% at Rp12.649, and The Sandbox (SAND) down 6.93% at Rp1.004.
The remarks come as interest grows in newer crypto themes such as Zcash and Hyperliquid, and as perpetual futures are expected to attract both institutional and retail investors. The article notes that Grayscale's GSOL fund showed significant accumulation of Solana, which the firm presents as evidence of its interest in the network's growth prospects.
Publisher coverage of Grayscale's research has consistently named Ethereum, Solana, BNB Chain, and in some notes Avalanche and Canton Network, as networks positioned to benefit from clearer U.S. crypto rules and equity tokenization. Earlier reporting described BNB being made the largest holding in Grayscale's Smart Contract Fund at 30.6% during a Q2 rebalance, pushing Ethereum and Solana lower in the portfolio.
Pluang's market snapshot for October 14, 2026 at 22:02 WIB showed 6 of 50 major cryptocurrencies rising and 43 falling. Notable moves included Tezos (XTZ) down 8.13% at Rp5.525, EOS up 8.13% at Rp12.649, and The Sandbox (SAND) down 6.93% at Rp1.004.
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