Anthony Scaramucci Says The World Spends $4 Trillion A Year Verifying Transactions And Solana Could Slash That Cost By 75%

Anthony Scaramucci, CEO of concern firm SkyBridge Capital, said astatine a caller lawsuit that Solana (CRYPTO: SOL)-powered plus tokenization has the imaginable to trim transaction verification costs by up to 75% annually.

Speaking astatine the LONGITIDE lawsuit successful Abu Dhabi connected Dec. 11, Scaramucci estimated that planetary transaction verification costs $4 trillion a year, including recognition paper fees and ligament fees.

“If we were capable to follow Solana and usage it successful the process of tokenizing assets, you could prevention astir apt 75 percent of that,” the vocal cryptocurrency advocator said.

🇦🇪 LONGITUDE: The satellite spends $4T a twelvemonth conscionable verifying transactions.@Scaramucci and @KMSmithDC dropped the alpha: "Tokenizing assets connected Solana could slash that outgo by ~75%. This isn't conscionable an upgrade; it's a planetary repricing of trust." pic.twitter.com/1vJ2oXVuBK

Don't Miss:

• Fast Company Calls It a ‘Groundbreaking Step for the Creator Economy' — Investors Can Still Get In astatine $0.85/Share

• 7 Million Gamers Already Trust Gameflip With Their Digital Assets — Now You Can Own a Stake successful the Platform

Exact worldwide figures are pugnacious to ascertain owed to varying determination data, though successful the U.S. alone, recognition paper companies earned $148.5 cardinal from merchant fees successful 2024, according to a study by The Motley Fool.

Scaramucci has often underlined the request to destruct 3rd parties and utilize blockchain's trustless exertion to verify transactions.

He has championed Solana arsenic the golden modular among blockchains for tokenized assets, highlighting the Layer-1 network’s unsocial method advantages that marque it a apical prime for developers.

In an October interrogation with Benzinga, helium stated that his firm, Skybridge, had a important involvement successful Solana.

Trending: Deloitte's #1 Fastest-Growing Software Company Lets Users Earn Money Just by Scrolling — Accredited Investors Can Still Get In astatine $0.50/Share.

Scaramucci has been optimistic astir Solana's aboriginal successful general. Last week, helium predicted that Solana would "flip" Ethereum (CRYPTO: ETH) successful marketplace value.

Interestingly, Solana has suffered steeper losses than Ethereum amid the precocious 2025 marketplace downturn. While ETH is down 11% year-to-date, its younger proof-of-stake counterpart has plunged 32% implicit the aforesaid period.

Read Next: 

• Missed Tesla? EnergyX Is Tackling the Next $200 Billion Opportunity — Lithium

• $100k+ successful investable assets? Match with a fiduciary advisor for escaped to larn however you tin maximize your status and prevention connected taxes – nary cost, nary obligation.