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The Solana ecosystem has focused on financial infrastructure over the past year, according to BACKPACK CEO Armani Ferrante in an interview with CoinDesk. After years of experimentation by the broad cryptocurrency industry focused on NFTs, gaming, and social tokens, interest is now moving back toward decentralized finance, trading, and payments. Solana’s latest phase appears far less flashy than the meme-coin-driven highs, and that may be the point.

Ferrante said that people are beginning to think of blockchains as a new form of financial infrastructure. This is focused more on finance than NFT booms or random pumps. After years of experimentation by the broad cryptocurrency industry focused on NFTs, gaming, and social tokens, current interest is moving back to decentralized finance, trading, and payments. He pointed to growing momentum for tokenization, stablecoins, and on-chain payments.

Ferrante argued that Solana’s long-term prospects are based on its role as a neutral payments layer across the blockchain. Tokens are simply standardized, consensus-backed ledger records of ownership. The real world requires deeper integration with regulatory frameworks, not avoidance. According to Ferrante, Solana’s choices hinge on building for that reality even if it costs hype, as more of global finance moves on-chain.

Solana’s ecosystem has spent the past year strengthening financial infrastructure, according to BACKPACK CEO Armani Ferrante. After years of experimentation with NFTs, gaming, and social tokens, the industry is pivoting back toward decentralized finance, trading, and payments. Ferrante notes that Solana’s latest phase looks far less flashy than meme-driven highs, and may reflect a more durable objective.

He said that people are beginning to think of blockchains as a new form of financial infrastructure, with a stronger emphasis on finance than on NFT booms or speculative pumps. Ferrante added that momentum is growing for tokenization, stablecoins, and on-chain payments, and that Solana’s long-term prospects hinge on serving as a neutral payments layer. He stressed that tokens are simply standardized, consensus-backed ledger records of ownership. He also emphasized that the real world requires deeper integration with regulatory frameworks, not avoidance, and that Solana’s choices aim to reward as more of global finance moves on-chain.