Backpack CEO: The Solana ecosystem has become more focused on the financial infrastructure sector over the past year.

Odaily Planet Daily reports that Armani Ferrante, CEO of Backpack, stated in an interview with CoinDesk that the Solana ecosystem has become more focused on a more pragmatic area over the past year: financial infrastructure. Ferrante said he will give a speech at CoinDesk’s Hong Kong Consensus Conference next month.

“The network is increasingly focusing on high-throughput on-chain transactions, market structure, and settlement, which is what people call the internet capital markets.”

Ferrante mentioned that despite the continued downturn in cryptocurrency prices and cautiousness among native crypto investors, institutional investors remain highly interested in cryptocurrencies. The long-term prospects for Solana and the entire blockchain depend on their role as a neutral settlement layer. In the future, assets such as stocks and derivatives will flow seamlessly across platforms in the form of standardized tokens, rather than being stored in isolated databases. As global finance shifts more onto the chain, Solana will ultimately also benefit. (CoinDesk)