The narrative regarding blockchain interoperability has shifted from simple asset bridging to competitive capital formation. Wormhole has provided definitive data confirming that Solana is no longer just a destination for bridged assets but has become a primary liquidity venue capable of outperforming centralized infrastructure. With Solana capturing 30% of all Wormhole transfers—representing $12 billion in value—the network has reached a critical mass where it can now dictate price discovery for external assets better than their native environments.

This thesis was validated during the recent Monad (MON) token generation event. Utilizing the newly launched Sunrise gateway, Solana effectively functioned as a top-five global exchange on day one. The network generated higher spot volumes than Hyperliquid and outpaced centralized heavyweights including Kraken, KuCoin, and Bitget. Crucially, Solana markets offered tighter spreads and deeper liquidity for MON than even the Monad native chain itself during the first 24 hours. This disrupts the traditional listing playbook, proving that high-performance chains can absorb and trade external volatility more efficiently than centralized order books living in data centers.

For institutional allocators, the implications are immediate: the "CEX-first" liquidity mandate is becoming obsolete. With protocols like Mayan already processing over $5 billion in cross-chain swaps and Sunrise enabling instant, permissionless market making, the friction of onboarding non-native assets has evaporated. We are witnessing the real-time validation of the "Internet's Original Sin" being corrected; Solana is not merely moving information, but is now the superior rail for moving money and forming capital markets that are globally competitive from minute one.