Old Men, New Money®: Bitcoin, Blockchain & Tokenization
Solana vs Ethereum: The Financial Market Game Changer
19 Oct 2025
Episode Summary:Douglas Borthwick reveals why Galaxy Digital's decision to tokenize their NASDAQ-listed shares on Solana—not Ethereum—signals a seismic shift in blockchain adoption. This historic SEC-registered public equity tokenization exposes the trillion-dollar infrastructure mistake Wall Street is making by betting on brand recognition over performance.Key Insights:Solana processes 40x more transactions than Ethereum with 10,000x lower fees ($0.00025 vs $20-50)93.5 million daily transactions in Q3 2025 vs Ethereum's 1.6 millionSolana captured 81% of all blockchain DEX transactions and 43% of global DEX volumeFirst time since 2016 a blockchain attracted more developers than Ethereum (7,625 vs 6,456)Transaction finality dropping to 150 milliseconds with Alpenglow upgrade$271 million in Q2 2025 network revenue—leading all blockchains for 3 consecutive quartersDouglas Borthwick, who was part of the INX team behind the first SEC-registered security token offering, explains why traditional finance institutions like BlackRock, JPMorgan, and Franklin Templeton are backing the wrong blockchain for public markets.Episode Timestamps:00:00 - Introduction: Galaxy Digital's Groundbreaking Solana Tokenization01:01 - Why Wall Street Defaults to Ethereum (And Why That's Wrong)02:20 - Shocking Performance Data: Solana's 85x Transaction Advantage05:12 - The Performance Gap That Matters: Speed, Cost & Finality08:29 - Stablecoin Efficiency: Why Each Solana Dollar Works 8x Harder11:01 - Debunking the "Security vs Speed" Myth12:44 - The Coming Migration: What Happens in Next 24 Months16:46 - Final Takeaway: Why TradFi Needs to Wake Up NowTopics Covered: Blockchain comparison, Ethereum vs Solana, cryptocurrency adoption, DeFi, decentralized exchanges (DEX), stablecoins, tokenized securities, SEC regulations, institutional blockchain, Web3, public equity tokenization, transaction throughput, gas fees, developer migration, Alpenglow upgradeHost: Douglas Borthwick | Follow on X: @DCBorthwickLearn more at OldMenNewMoney.com Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe
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