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 million
Solana captured 81% of all blockchain DEX transactions and 43% of global DEX volume
First 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 quarters
Douglas 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 Tokenization
01:01 - Why Wall Street Defaults to Ethereum (And Why That's Wrong)
02:20 - Shocking Performance Data: Solana's 85x Transaction Advantage
05:12 - The Performance Gap That Matters: Speed, Cost & Finality
08:29 - Stablecoin Efficiency: Why Each Solana Dollar Works 8x Harder
11:01 - Debunking the "Security vs Speed" Myth
12:44 - The Coming Migration: What Happens in Next 24 Months
16:46 - Final Takeaway: Why TradFi Needs to Wake Up Now
Topics 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 upgrade
Host: Douglas Borthwick | Follow on X: @DCBorthwickLearn more at OldMenNewMoney.com
