DeFi Development Corp. (Nasdaq: DFDV) has given itself permission to buy back every share of its CHAD preferred stock, including shares it hasn’t issued yet. On October 6, 2026, the company’s board approved a repurchase program with no fixed end date. It covers all outstanding CHAD shares and any future issuances.
What the buyback actually allows CHAD is the market nickname and ticker for DFDV’s Variable Rate Series C Perpetual Preferred Stock. It carries a stated par value of $10 per share. It is perpetual, meaning it has no maturity date, and non-convertible, meaning holders can’t swap it into common stock.
The newly approved program lets DFDV repurchase CHAD shares when they trade below that $10 par value. Any buybacks would be opportunistic. They would happen only when shares sit below par and management views them as an attractive purchase.
The board has signaled there is no immediate intention to start buying. The company first wants CHAD to reach or approach its $10 par value. Only after that would repurchases come into play.
CEO Joseph Onorati framed the priority clearly. His focus is on getting CHAD established at par before any repurchase activity is considered.
How CHAD got here CHAD is a recent product. DFDV began offering it on September 8, 2026, selling 1.375 million shares at $8 each. That first sale brought in approximately $11 million.
CHAD carries an initial annual dividend rate of 13%. Because shares were sold at $8 rather than the $10 par value, the effective yield at the offering price works out to approximately 16.25%.
The “Variable Rate” in the official name is worth flagging. The 13% figure is described as the initial rate, so holders shouldn’t assume it is locked in forever.
Alongside the new buyback authority, DFDV already runs a $300 million at-the-market (ATM) program for issuing CHAD shares. An ATM program lets a company sell shares gradually into the open market rather than in one large offering. So the company now has a tool for selling CHAD and a separate tool for buying it back.
The Solana engine behind it CHAD exists to fund one thing: more Solana. DFDV intends to use proceeds from CHAD issuance primarily to acquire additional SOL, the native token of the Solana blockchain.
By mid-September 2026, the company held roughly 2.39 million SOL and equivalents.
The appeal of preferred stock in this setup is dilution control. When a treasury company sells common shares to buy tokens, existing shareholders own a smaller slice of the company. Preferred stock raises cash without adding to the common share count.
That creates what DFDV describes as a continuous accumulation cycle. Sell preferred shares, buy SOL, repeat, all while leaving common shareholders’ ownership percentage intact. The trade-off is the dividend bill, which the company must keep paying to CHAD holders.
What this means for CHAD holders and DFDV For the company, the move rounds out its capital-management toolkit. With a $300 million ATM on one side and an open-ended repurchase program on the other, DFDV can theoretically issue CHAD when demand is strong and retire it when shares trade cheap.
There are risks worth watching. Every dollar spent buying back CHAD is a dollar not spent buying SOL, so repurchases would pull against the company’s core accumulation goal. The dividend obligation also doesn’t care what SOL is doing. If the token falls, DFDV still owes CHAD holders their payments.
The key metric to track is simple: where CHAD trades against its $10 par value. Until it gets close, the buyback stays on the shelf.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
The Solana Foundation has launched Solana DvP, an open-source delivery-versus-payment program designed to give financial institutions a standard way to settle assets and payments onchain.
DvP forms the foundation of securities settlement because it moves an asset and its corresponding payment simultaneously. Solana DvP aims to execute both legs in a single atomic transaction, meaning either the entire trade settles or neither side moves.
That could reduce settlement risk and capital constraints associated with traditional markets, where clearinghouses, depositories, custodians, and other intermediaries can tie up capital for 1 to 2 days. Solana DvP aims to compress that process into seconds.
"Atomic settlement removes counterparty risk that is inherent in traditional finance. Solana DvP program provides institutions with one open standard across the Solana ecosystem, on public infrastructure, with finality in seconds instead of days." – Catherine Gu, Head of Product, Digital Assets, Solana Foundation.
A Standard for Institutions Until now, institutions settling trades onchain have typically relied on bespoke smart contracts built for individual use cases. Solana DvP introduces a shared standard that counterparties can adopt across the Solana ecosystem.
The program uses isolated escrow, enforces settlement deadlines, and supports SPL Token and Token-2022 assets. That includes Token-2022 extensions that regulated issuers may require, such as pausable tokens, permanent delegates, and transfer hooks.
The design also allows counterparties to work with any settlement agent, including banks, custodians, and exchanges.
Solana Foundation released the program under the MIT license, making it permissionless and open for others to adopt and build upon.
J.P. Morgan Provided Settlement Expertise J.P. Morgan contributed input on securities settlement practices and institutional requirements during the development process.
That input helped shape requirements around escrow isolation, settlement deadlines, and token extensions used by regulated issuers. The project combines that settlement input with Solana's infrastructure.
“A shared, open standard for atomic delivery-versus-payment is exactly the kind of foundational infrastructure institutional market participants require to operate at scale without introducing settlement risk and counterparty exposure. We were pleased to contribute our settlement expertise.” – Rhodel D’Souza, Head of Markets Digital Assets, J.P. Morgan.
DvP Comes to Solana Developer Platform Institutions can access DvP through the Markets module of the Solana Developer Platform, or SDP. The platform brings Issuance, Payments, and Markets together to support enterprises building financial products on Solana.
The foundation launched SDP in March as a broader effort to simplify the development of compliant and scalable financial applications.
DvP therefore sits within a wider push to provide institutions with infrastructure covering asset creation, money movement, and settlement.
Ready for Real Funds The Solana Foundation says Solana DvP has completed external security audits and is ready for use with real funds.
The foundation also plans to add privacy features that could allow institutions to keep settlement details confidential while retaining the benefits of atomic settlement.
For now, the foundation is seeking design partners and early participants ahead of the production release. Ultimately, Solana DvP aims to give institutions a common settlement rail for onchain markets while reducing the time and counterparty exposure associated with moving assets and payments separately.
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<span class="acf-media-credit"><span class="acf-credit"><span class="acf-credit"><a href="theblock.co" target="_blank">The Block</a></span></span><span class="acf-credit"> | <span class="acf-credit"><a href="irischo.com" target="_blank">Illustration by Iris Cho for The Block</a></span></span></span>
Nasdaq-listed DeFi Development Corp. authorized a program to repurchase up to all outstanding shares of its CHAD preferred stock, including shares it may issue in the future. This gives the company flexibility to buy back the securities if they trade below their $10 par value.
The Solana treasury company does not currently intend to repurchase CHAD and first wants the security to establish itself at or around par, according to the press release.
"Our first objective is simple: get CHAD to par," CEO Joseph Onorati said. "We are not announcing that we intend to buy CHAD today. We are putting the infrastructure in place so that, once CHAD has established itself at par, we have another tool available if it subsequently trades below par."
The open-ended authorization adds a potential capital-allocation tool to DeFi Development's (DFDV) existing $300 million CHAD ATM, which the company has said it intends to use to raise capital for additional SOL purchases. The firm paid CHAD's first dividend on Oct. 1.
"We think about CHAD as a long-term funding platform, not a one-time issuance," Onorati said. "This authorization reflects that."
Expand Chart
On Monday, DeFi Development Corp. said preliminary third-quarter estimates show NAV per share more than doubled as its Solana treasury grew to 2.56 million SOL over the past week.
DFDV shares traded higher by 3.3% in Tuesday's session.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Several crypto analysts are again putting big numbers on the table for a potential bullish cycle. Bitcoin at $190,000. Ethereum near $9,000. XRP above $30. Solana above $2,700. These are some of the wild, ambitious targets being described by popular figures.
The targets vary wildly, and so does the reasoning behind them. Some analysts are looking at multi-year chart patterns. Others see more immediate signals that could shape the next move.
Note: None of these levels are forecasts with certainty. They show where traders think prices could go if key technical conditions are met.
Bitcoin and Ethereum Targets Are Turning BullishFor Bitcoin, analyst Ali Martinez is watching a rising channel that has developed over roughly two years.
His chart places major resistance around $125,000. A confirmed breakout could open a move toward $190,000.
Michaël van de Poppe is taking a more cautious view. He argues Bitcoin’s low volatility and slow climb are healthy rather than signs that momentum has disappeared.
The pitcure of #Bitcoin remains to be the same.
Not much volatility happening on the markets, and just a slow grind upwards.
To be honest, that's completely fine for me. pic.twitter.com/KGwzPqeInp
— Michaël van de Poppe (@CryptoMichNL) October 6, 2026 Ethereum is attracting similarly bullish calls.
Martinez sees resistance around $5,000, with a successful breakout potentially putting $8,800 in play.
MerlijnTrader is watching a different signal. Ethereum has formed its third golden cross on the two-day chart since 2023. According to his analysis, the previous two were followed by rallies of close to 100%.
You've seen this $ETH signal twice before.
Both golden crosses on the 2D since 2023 were followed by a move of nearly 100%.
Number three just printed.
You know what that means. pic.twitter.com/kxI8GE1WHo
— Merlijn The Trader (@MerlijnTrader) October 5, 2026 XRP and Solana Bring the Biggest TargetsThe more aggressive projections are appearing further down the market.
Martinez sees an ascending triangle on XRP, with resistance around $3.66. His measured breakout target sits near $31.87.
Moustache is focused on a much nearer hurdle. He sees an inverse head-and-shoulders setup that could help XRP reclaim $2, ending his outlook with a simple: “Send it.”
Solana has produced an even more eye-catching projection. Martinez’s cup-and-handle setup points to resistance near $295 and a possible long-term target around $2,744.
Sweep sees more risk first. His view is that Solana remains in an accumulation phase and could fall below $110 before another expansion begins.
$SOL is doing exactly what it did last month
First expansion and then accumulation
Right now SOL is in the accumulation phase with a drop below $110 possible
Once that completes the next leg up will start pic.twitter.com/t5OJNANx6j
— Sweep (@0xSweep) October 4, 2026 The numbers make for dramatic headlines. The important part comes before them: every projection depends on the underlying pattern actually breaking out and holding.
Until that happens, these remain scenarios rather than price destinations.
Venice’s VVV token now lives on Solana as well as Base. The privacy-focused AI platform founded by Erik Voorhees has listed a canonical version of VVV on Solana through Sunrise, an asset gateway run by a subsidiary of Wormhole Labs.
The move was confirmed on October 6, 2026. It means Solana users can trade VVV in the wallets and decentralized exchanges they already use, without bridging it over themselves.
What actually launched The Solana version of VVV has a single canonical mint address: VVV4UdRywr7SLafPHzqXwRCw7myXkmgCtitXUvj8g8c.
Sunrise handled the coordination so that liquidity was available immediately at launch. Solana trading venues such as Raydium are among the places where VVV can now change hands.
The token behind the listing VVV first launched on January 27, 2025, as an ERC-20 token on Base, the Ethereum layer-2 network. Its total supply is 100 million tokens.
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As of early October 2026, approximately 48.5 million VVV were in circulation.
Staking VVV gives holders access to AI inference capacity on Venice. Stakers can also mint DIEM credits.
Emissions cut and buy-and-burn Venice also announced a reduction in VVV’s annual emissions, from 2.5 million tokens to 2 million, effective October 1, 2026.
The company has paired that with revenue-backed buy-and-burn mechanisms. Venice uses income to purchase VVV and remove it from circulation permanently.
The business numbers Venice reportedly hit a $100 million annualized revenue run rate as of August 2026.
The company also reportedly closed a $65 million Series A in July 2026 at a valuation of $1 billion.
Voorhees, best known as the founder of ShapeShift, built Venice around privacy. The platform positions itself as an alternative to AI services that store and mine user conversations.
What this means for holders and traders For Solana traders, the canonical mint is the key safety detail. Anyone buying VVV on Solana should verify that address, since copycat tokens with familiar tickers are a recurring hazard on any chain with permissionless token creation.
With approximately 48.5 million of 100 million tokens circulating, a large share of supply has yet to enter the market, and future unlocks or issuance could offset some of the buy-and-burn effect.
Disclosure: This article was edited by Kaye Quema. For more information on how we create and review content, see our Editorial Policy.
Solana price has held near $121 after its September recovery, with positive daily money flow supporting a renewed test of $125 resistance as traders watch whether October can bring a move toward $150.
Summary
Solana price traded near $120.80, below the weekly chart’s $125 support and resistance pivot. Daily Supertrend support stood at $107.22, while Chaikin Money Flow remained positive at 0.23. Trading posts on X identified $116–$119 support and potential upside levels between $126 and $132. CoinGlass showed prominent liquidation concentrations around $115–$116 below price and $123–$125 above it. Solana daily chart showed its price at $120.83 on Oct. 6, with a daily high of $122 and a low of $118.88. The token was little changed on the day, following a sharp September rebound and several sessions of trading below its recent peak.
The daily chart shows SOL recovering from the mid-$90s in September to the mid-$120s later that month. Price has since moved sideways around $120 rather than extending the rally, leaving the late-September high as the nearest barrier to another advance.
At $120.83, SOL sat approximately 3.5% below the weekly chart’s $125 pivot. A move to $150 would require a gain of roughly 24%, making the nearer resistance levels central to the October outlook.
Solana’s $125 barrier separates recovery from another advance The weekly TradingView chart places $125 at the Murrey Math indicator’s major support and resistance pivot. SOL was trading at $120.77 on that timeframe, below a level that also overlaps the recent September peak.
Solana price weekly chart — Oct. 6 | Source: TradingView The next higher Murrey Math level stands at $156.25, marked as the top of the indicator’s trading range. Below the current price, the corresponding lower boundary sits at $93.75.
The weekly indicator creates a broad trading framework, while the daily chart places the immediate contest much closer to $125. A sustained break above that barrier would move SOL beyond its recent consolidation ceiling; another rejection would keep price inside the existing range.
Weekly Average Directional Index stood at 30.21. ADX measures trend strength rather than direction, so the reading does not independently establish a bullish October forecast.
The weekly price history also shows that the current recovery remains below the much higher trading levels recorded in 2025. October’s nearer upside setup therefore centers on reclaiming $125 before testing the next resistance areas.
Positive daily money flow supports the recovery On the daily chart, Solana’s Supertrend remained green at $107.22, placing its trend support approximately 11.3% below the $120.83 price reading. SOL has remained above that line during its latest consolidation.
Solana price daily chart — Oct. 6 | Source: TradingView Chaikin Money Flow stood at 0.23, above its zero line. The indicator combines price location within each session’s range with trading volume, and the positive reading supports a buying-pressure interpretation on the daily timeframe.
Daily CMF has recovered from its September dip below zero. That improvement has accompanied SOL’s move back toward $120, although price has yet to clear the late-month high.
The daily indicators consequently show a positive trend backdrop beneath unresolved resistance. Holding nearby support would preserve the current consolidation, while a move toward $107.22 would bring price back to the daily Supertrend line.
Two Oct. 6 trading posts on X outlined nearer support and upside scenarios. One identified an entry around $119, a stop below the plotted trendline, and a target of $126–$127.
I’m LONG $SOL here. 👀
Price is sitting right around the trendline and I like the risk/reward from this area.
My setup:
Entry around $119
SL below the trendline
Target: $126–127 🎯
If this support holds, I think $SOL could catch a lot of people off guard with a strong move… pic.twitter.com/taEy7nhYWG
— SatoshiOwl (@SatoshiOwl) October 6, 2026 A separate post identified $116–$119 as support, saying buyers had defended the area three times. That post placed the next resistance at $130–$132 and raised $150 as a possible monthly outcome rather than a confirmed target.
Liquidation bands cluster around $115 and $125 CoinGlass’s one-month Solana liquidation heatmap shows substantial estimated liquidation concentrations on both sides of the current trading range.
Solana liquidation heatmap | Source: CoinGlass Below price, the brightest nearby bands sit around $115–$116. Further concentrations appear near $112 and approximately $104–$105, extending the downside levels beyond the support area identified in the X trading posts.
Above price, visible bands cluster around $123–$125, with additional concentrations toward $126–$127. The nearby overhead bands overlap the weekly $125 pivot and the first trader’s upside target.
The heatmap therefore places leveraged positions close to both the support zone and the recent highs. A fall through $116 or a rise through $125 would bring SOL into areas with heavier estimated liquidation exposure.
The displayed concentrations represent potential liquidation levels, rather than completed liquidations. The map does not establish that a short squeeze has already occurred during the current consolidation.
October’s $150 scenario depends on clearing nearer resistance For the bullish scenario outlined in the X posts, SOL first needs to retain the $116–$119 support area and move above $125. The next referenced levels are $126–$127, followed by $130–$132.
A further advance toward $150 would then bring price closer to the weekly Murrey Math resistance at $156.25. Failure to hold $116 would weaken that nearer bullish setup, with the heatmap’s $112 band and daily Supertrend at $107.22 below it.
Network changes remain part of Solana’s October backdrop. The Solana Foundation reported that mainnet slot times reached 250 milliseconds on Sep. 18, with a further reduction to 200 milliseconds scheduled for epoch 1052.
For U.S. investors, the monetary backdrop includes the Federal Reserve’s September tightening. The central bank announced a quarter-point increase on Sep. 16, taking its benchmark target range to 3.75%–4%.
SOL’s immediate technical threshold remains $125. Holding $116–$119 and clearing that barrier would preserve the path toward the traders’ $126–$132 levels, while a $150 October outcome requires a further breakout beyond them.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Cloud computing firm Lambda is raising up to $4 billion at a pre-money valuation of $14.5 billion.
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There is nothing more trending in the tech, finance, and media world than AI agents. In the financial space, agentic payments are being discussed as the next biggest disruption – something similar in scale to contactless payments.
But what’s the reality behind the headline numbers? BeInCrypto’s latest research, The State of AI Agent Payments 2026, looks into this question.
Between late July and August 2026, we tracked the payments data recorded on x402, one of the most popular open-source payment protocols used by AI agents. BeInCrypto found that 6.4 million recorded payments were worth less than $120,000.
More than 90% of recorded x402 payments were worth less than a penny.
The State of AI Agent Payments 2026. Source: BeInCrypto Research What are AI Agents Buying With Cents? A separate review of the x402 catalogue helps explain the most-requested paid resources.
Its most-used paid resource was an AI-generated cryptocurrency safety assessment, costing two cents per request. Web searches came next.
Agents were buying information needed to complete a task, one request at a time.
Think of an AI assistant helping you plan a holiday. It could pay a small fee to check available flights, then pay to search the web for information about your destination.
Flight availability searches and paid web searches both appeared in our catalogue review. These purchases give the assistant information it needs to answer your question.
What AI Agents are Buying. Source: BeInCrypto Research
Solana carried 99.2% of transactions in the sample. Activity was heavily concentrated: an eight-day burst on Solana accounted for 94.5% of sampled x402 transactions.
That concentration matters. Millions of transfers can come from a small group of active wallets, making transaction counts a poor measure of how many businesses are using the technology.
How Ready Are Agents to Handle More? Micropayments scored 60.7 out of 100, the highest result in our provisional readiness assessment. Trading and investment agents scored 39.1, while institutional workflows scored 12.
These scores reflect the available evidence. They are not success rates.
Six of twelve institutional workflows reviewed could initiate or settle payments within permissions set by people. Evidence of their actual use remained limited.
The amount entrusted to software also changes the risk.
“If an agent is responsible for $10, you can worry less about its spending than if it is responsible for $1,000,” said Will Papper, Director of Product for Agent Payments, Cloudflare
Download the full report to explore the evidence and what businesses should assess before giving an agent spending authority.
AI Agent Readiness Across Six Areas. Source: BeInCrypto Research
TLDR DeFi Development authorized repurchases of current and future CHAD preferred shares. The company has no immediate plan to buy CHAD shares. Management wants CHAD to establish itself near its $10 par value first. DeFi Development reported Solana holdings of about 2.56 million SOL. DFDV shares gained roughly 3.3% during Tuesday’s trading session. Nasdaq-listed DeFi Development Corp. has authorized an open-ended program to repurchase up to all outstanding CHAD preferred shares. The authorization also covers CHAD shares issued in the future. The company may use the program if the security trades below its $10 par value, but it has no current plan to start purchases.
DeFi Development sets CHAD repurchase framework Chief Executive Joseph Onorati said the company’s first goal is to help CHAD establish itself around par. Management wants the repurchase authority available as a capital-allocation tool if the preferred shares later fall below that level. The move follows recent Solana DEX volume growth across the wider network.
NEWS: Solana Treasury Company @defidevcorp, which holds ~2.53M $SOL in its treasury, has authorized a program to repurchase up to all outstanding CHAD preferred shares.
The company says it may buy back CHAD if it trades below its $10 par value, but does not currently plan to… pic.twitter.com/vMrR5xvQPe
— SolanaFloor (@SolanaFloor) October 6, 2026
The authorization sits alongside DeFi Development’s existing $300 million CHAD at-the-market program. The company has said it plans to use proceeds from CHAD sales to fund more SOL purchases. DeFi Development paid the preferred stock’s first dividend on Oct. 1, adding another step to the security’s launch. The authorization does not change the stated purpose of CHAD proceeds, which remains additional Solana treasury purchases.
Solana treasury grows during third quarter DeFi Development also reported preliminary third-quarter figures showing growth in its Solana treasury. The company said net asset value per share more than doubled while holdings rose to about 2.56 million SOL over the past week. Its treasury model ties capital raising directly to the company’s ongoing plan to increase SOL reserves.
The company views CHAD as a longer-term source of capital rather than a single funding event. Its repurchase authorization does not require immediate action and gives management room to respond to future market pricing. The approach comes as Forward Industries expanded its SOL treasury during its fiscal fourth quarter.
DFDV shares rise after treasury update DFDV shares gained about 3.3% during Tuesday’s trading session. The stock move followed Monday’s preliminary third-quarter update and the latest information on the company’s SOL holdings. DeFi Development remains one of the listed companies using digital assets as a major part of its treasury strategy, while Solana’s institutional settlement work continues to expand.
The CHAD plan gives the company another option for managing its preferred equity while keeping its SOL accumulation strategy in place. Investors will now watch where CHAD trades relative to par and whether the company eventually uses the authorization. The program can cover current and future CHAD shares without setting a fixed repurchase deadline.
Pump.fun helped define the fast-launch meme coin model on Solana by combining token creation with bonding-curve trading. Alternatives are now emerging with different priorities, including AI-assisted creation, BNB Chain access, public launch terms, and token discovery tools.
The best Pump.fun alternative depends on what a user wants from a launchpad. Some users want an instant bonding-curve launch. Others want an AI tool that develops an idea from a social trend.
Some prefer a platform that publishes the proposed supply, funding price, and contract conditions before a round begins. This guide compares the different models now shaping AI memecoin infrastructure.
Why Are Users Looking Beyond the Pump.fun Launch Model? Pump.fun is built for speed. A creator can launch a Solana token, open it to bonding-curve trading, and move it toward a broader market when it reaches the platform’s graduation conditions.
That has made it a major reference point for token creation and early price discovery.
However, fast launch mechanics are only one part of the memecoin experience. Creators may want more guidance when choosing an idea, while participants may want clearer details about supply, funding terms, creator access, and the planned next step for liquidity.
The main questions have shifted from “How quickly can a token launch?” to broader platform questions:
Does the platform help identify a strong cultural or market narrative? Can users review the launch conditions before they participate? Does the platform use a bonding curve or fixed-rate funding? Are liquidity and migration rules easy to find? Does the launchpad offer discovery and trading tools after launch? How Does Four.meme Offer a BNB Chain Alternative? Four.meme is a BNB Chain launchpad that offers a familiar token-creation and bonding-curve experience for users who prefer an EVM-compatible network. Like Pump.fun, Four.meme is designed to reduce the technical steps involved in creating a token and giving it an early trading market.
Its main difference is the network and the surrounding BNB Chain infrastructure. Four.meme is designed for users who want to launch with BNB Chain assets, follow bonding-curve progress, and move successful tokens toward PancakeSwap liquidity.
The platform’s model centers on these functions:
A creator sets up a token through a no-code process. Buyers and sellers interact through the bonding curve. The token progresses toward its stated market threshold. Liquidity can migrate to PancakeSwap after graduation. Discovery pages help users follow launches by activity and age. Four.meme also has an Agentic Mode direction that brings AI tools into the creation process. These tools are designed to help users go from a basic prompt or social-media idea to token details and an on-chain launch.
For users who want BNB Chain access with an established bonding-curve model, Four.meme is a direct alternative to Pump.fun’s Solana workflow. Its key focus is efficient creation and market access rather than a research-heavy proposal process.
How Does MemeToro Add AI Research and Public Terms? MemeToro takes a different approach to AI memecoin launches on BNB Chain. Instead of starting with a creator’s finished token idea, MemeToro is building an open-source AI agent designed to monitor public news, market activity, online culture, and social trends.
MemeToro’s AI agent is intended to turn a timely signal into a documented launch proposal. The project says each proposed launch can include the concept, the reasoning behind it, rejected candidates, token parameters, and a machine-readable launch manifest.
This creates a different user flow from a standard token generator:
The AI agent identifies a possible narrative. The platform publishes the proposal and supporting information. Users review the supply, funding price, caps, and round conditions. A fixed-rate funding round is designed to open under the published terms. Smart contracts are designed to manage the final funding and launch rules. MemeToro’s open-source AI agent is therefore focused on research and explainability as well as token creation. The goal is not just to produce a memecoin more quickly. It is to give users a visible record of why a proposal was selected and how the round is intended to work.
Why Do Public Launch Rules Matter for Memecoin Discovery? A launchpad’s rules matter because they shape what a user can learn before joining a new token round. A name, image, and social post may explain the meme, but they do not always explain supply, pricing, contribution limits, deadlines, claims, refunds, or liquidity conditions.
MemeToro’s FairLaunchEscrow framework is designed to make those conditions part of the launch process. The planned model uses a public launch manifest and smart-contract logic for a fixed-rate round, rather than relying only on rapidly changing bonding-curve activity.
The distinction is simple:
Launchpad model Main early-stage focus Information users compare Bonding curve Immediate automated price discovery Curve progress, market activity, and graduation level AI-assisted creation Turning a prompt into token content Token idea, branding, and creation settings AI research plus public rules Explaining and structuring a launch before funding Trend evidence, supply, price, caps, and contract conditions None of these models replaces the others. They serve different kinds of users. A bonding curve can suit a fast trading environment. AI-assisted creation can help a creator move from an idea to a launch.
A public-manifest system can suit users who want more information before a funding round opens.
MemeToro’s stated zero-insider model is part of this rules-first approach. The project describes fixed-rate public funding without private allocation tiers, while its proposed contract framework is designed to manage caps, claims, refunds, and finalization through visible logic.
What Should Users Compare Before Choosing a Pump.fun Alternative? Users comparing Pump.fun alternatives should begin with the launch mechanism, the network, and the level of information available before a token goes live.
A platform can be useful for fast token creation while another can be useful for research, public launch terms, or agent-driven services.
MemeToro stands out in this comparison because it is building around the connection between AI-generated research and contract-enforced launch conditions.
Readers who want to follow the project’s current development and participation details can consult the official how to Join MemeToro page.
FAQs What is the closest BNB Chain alternative to Pump.fun? Four.meme offers a BNB Chain token-creation and bonding-curve model, with launch progression that can move toward PancakeSwap liquidity.
How is MemeToro different from Pump.fun? MemeToro is building an AI-led BNB Chain launchpad where trend research, launch manifests, and planned FairLaunchEscrow rules come before a funding round. Pump.fun is built around fast Solana token creation and bonding-curve trading.
Does MemeToro use a bonding curve? MemeToro’s planned fair-launch model is built around fixed-rate funding and public launch terms rather than a bonding curve.
DeFi Development Corp., a Nasdaq-listed digital asset investment firm, has authorized an open-ended plan to repurchase all outstanding and future CHAD preferred shares. The company, which focuses on blockchain-based investments, said it may use this buyback authority if CHAD trades below its $10 par value, but currently has no immediate plans to initiate any purchases.
Open-ended buyback authorization for CHADChief Executive Joseph Onorati emphasized that management’s main objective is for the CHAD security to stabilize at its $10 par value before considering any buybacks. The company views the authorization as a strategic capital allocation tool that can be deployed if market conditions warrant.
This move comes amid strong growth in decentralized exchange volume across the Solana blockchain, further spotlighting the role of Solana in DeFi environments.
Management aims to support CHAD’s establishment around its $10 par value, keeping the buyback authority ready as a future option if the preferred shares dip below that level.
The buyback authorization is separate from DeFi Development’s existing $300 million at-the-market CHAD program, which is designed to raise capital by selling CHAD shares. The company has reiterated that proceeds from CHAD sales will continue being used to expand its Solana (SOL) treasury position. On October 1, DeFi Development paid the first dividend to CHAD holders, marking a significant milestone in the launch of this preferred equity instrument.
The stated purpose for issuing CHAD remains unchanged: to generate funds for additional Solana acquisitions. The buyback program does not impact the ongoing strategy of using CHAD proceeds to further accumulate SOL.
Solana treasury expansion and financial updateDeFi Development reported preliminary third-quarter results indicating a considerable increase in its Solana treasury. Over the past week, the company’s SOL holdings reached approximately 2.56 million, while net asset value per share more than doubled. The company revealed that its approach involves tying capital-raising activities associated with CHAD directly to ongoing Solana reserve expansion.
Management regards CHAD as a long-term capital source rather than a single fundraising event. The flexible structure of the buyback program allows leadership to react to future market pricing and CHAD’s position relative to par value.
Mini dictionary: Preferred shares are a special type of equity security that receive priority for dividends and have a fixed par value, but usually carry no voting rights. They are often structured to appeal to institutional or long-term investors seeking stable returns alongside exposure to company performance.
MetricPrevious WeekCurrent WeekSolana Treasury Holdings (SOL)~2.53 million~2.56 millionNet Asset Value Per Share–More than doubledCHAD Par Value$10During Tuesday’s trading session, DeFi Development (DFDV) shares advanced by about 3.3%. This gain came after the company released its preliminary third-quarter update and reported growth in Solana holdings.
DeFi Development belongs to the small group of publicly traded companies that use crypto assets, such as Solana, as significant components of their treasuries. The ongoing expansion of Solana’s institutional settlement network is also drawing renewed attention to digital asset treasury strategies.
The CHAD repurchase framework offers an additional method for the company to manage its preferred equity. Investors are closely monitoring CHAD’s trading levels relative to the $10 par value and whether DeFi Development will eventually use the authority for buybacks. The open-ended nature of the authorization means it covers both existing and future CHAD shares without a set timeframe.
Solana continues to trade near $121, maintaining a stable position above several critical moving averages, as robust decentralized finance (DeFi) activity and elevated derivatives positioning draw further attention to the network.
Key technical levels and recent performanceAt the latest market check, Solana trades at $121.44, up 0.55% over the past 24 hours. Buyers have consistently supported SOL at higher levels, reinforcing the token’s recent gains following a significant rebound earlier in the year.
Technical analysis from TradingView shows Solana positioned above major moving averages: the 20-day exponential moving average (EMA) stands at $116.39, the 50-day EMA at $106.76, the 100-day at $97.77 and the 200-day at $96.60. This alignment suggests an ongoing bullish trend, with the current price remaining above all four EMAs.
A substantial support level has emerged around $113.05, which market participants are closely monitoring as a potential pivot area if the current price consolidation faces short-term weakness.
SOL has largely fluctuated between $120 and $122 after a strong move in September. Price now trades near the upper boundary of this range. A decisive break above recent highs could strengthen the bullish outlook, while a drop below $113.05 may shift the focus toward the next moving average supports.
Moving AverageLevel ($)Current Price vs. MA20-day EMA116.39Above50-day EMA106.76Above100-day EMA97.77Above200-day EMA96.60AboveKey Support113.05Potential pivotRecent market action is supported by improving technicals but remains sensitive to broader sentiment and network catalysts.
Growing DeFi activity and derivatives positioningData from DeFiLlama shows that Solana’s total value locked (TVL) has grown from approximately $5.6 billion in early September to about $6.7 billion at the start of October. This advance in TVL, alongside notable daily decentralized exchange (DEX) volume and heightened on-chain activity, provides strong fundamental support for SOL’s resilience.
The rising TVL demonstrates sustained capital engagement across Solana’s DeFi ecosystem, indicating network participation extends beyond simple price movement. Active DEX trading and growing transaction counts have further solidified Solana’s current momentum.
CoinGlass reports that open interest in Solana derivatives exceeded $7 billion toward the end of the period reviewed. Persistent high open interest signals that traders continue building substantial positions in SOL, which could fuel volatility as the market seeks its next direction.
Liquidation data reflects repeated waves on both long and short positions, pointing to elevated leverage across the market as SOL remains close to the $121 mark.
Mini dictionary: DeFiLlama is a data aggregator providing statistics on decentralized finance activity across various blockchain networks, tracking metrics such as total value locked and protocol-specific participation.
Trending tokens and network attentionSolana Hub, a popular community platform for ecosystem updates and analytics, recently highlighted a group of tokens drawing interest on the Solana network within the last 24 hours. Standout names included PLAGUE, HIGGS, swordcat, Agency, JEANPHIL, SI, CARDS, and STONK. The update demonstrates ongoing enthusiasm for emerging projects and tokens built on Solana, even though it did not identify a single catalyst driving SOL itself or suggest a specific price target.
Trending tokens on Solana last 24h!
This increased activity among network tokens adds dimension to the robust trading and DeFi figures seen over recent weeks.
Outlook and what traders are watchingThe overall technical structure for SOL remains positive while the price holds above $113.05 and key moving averages. With trading volume, TVL, and open interest all remaining elevated, market participants are keeping a close watch for potential moves stemming from a breakout above $122 or a possible test of support below $113.05.
Market analysts urge traders to monitor price action, sentiment shifts, and emerging ecosystem drivers before making decisions, as digital asset markets can experience sharp volatility and swift trend reversals.
Multi-chain stablecoin wallet combines simpler transfers, flexible gas-fee options, security features, and practical use cases with one ambition: to become the world’s easiest stablecoin wallet.
Changer+ today announced the launch of its self-custodial stablecoin wallet, built to make holding, moving and using stablecoins simpler.
Changer+ supports major stablecoins including USDT and USDC across Ethereum, TRON, BNB Chain and Solana, with more networks and stablecoins planned.
To celebrate its launch, Changer+ is offering new users three free transactions per device on each chain – Ethereum, Solana, and BNB Chain from October 6 to November 6, 2026.
Changer+ is built around a simple belief: people should not need to understand every blockchain, gas token, or transaction mechanic just to use the stablecoins they already have.
Stablecoins Should Just WorkUsing stablecoins can still mean figuring out which network a token is on, choosing the right transfer route, sourcing a separate gas token, and navigating unfamiliar transaction steps. Changer+ is designed to move more of that complexity into the background.
“People should not have to become blockchain experts just to use stablecoins,” said Leon Gao, CEO of Changer+, with over a decade of experience in product development in the fintech and payment industry “The technology underneath can stay sophisticated. What users see should feel simple, clear and dependable.”
Simplicity Without Giving Up ControlMaking stablecoins easier to use should not mean taking control away from the user.
Changer+ is self-custodial, meaning users retain control of their private keys and authorize their own transactions.
For Yun Han Wong, CGO of Changer+, who has spent years working in Web3, preserving that principle is fundamental to trust.
“Trust is everything in Web3,” Yun Han said. “The early crypto idea of ‘being your own bank’ was really about ownership — having control over your own assets instead of simply handing that control to another intermediary. We want to preserve that ethos while making stablecoins much easier to use. Convenience should not mean giving up control.”
Technology and Security Built around the UserChanger+ is designed to remove common friction from everyday stablecoin use.
On supported transactions, Changer+ lets users cover network-related transaction costs without first having to acquire the blockchain’s native gas token.
For example, a user holding stablecoins does not necessarily need to separately acquire ETH, TRX, BNB, or SOL before completing a supported transaction.
Changer+ has also completed an independent security audit, vulnerability assessment, and penetration testing (VAPT) conducted by Echo Pulse, a CREST-accredited and Singapore-licensed cybersecurity service provider.
These capabilities are led by Zack Chen, CTO of Changer+, an NUS-trained technopreneur with years of software development experience overseeing Changer+’s multi-chain architecture and security development.
“Good engineering should reduce the complexity users have to manage while keeping the experience clear and reliable,” Zack said.
Making Stablecoins More UsefulChanger+ goes beyond holding and transferring stablecoins by giving users more ways to put them to practical use.
Current capabilities include global eSIM data plans, a lifestyle ticket marketplace, and security risk signals that help users identify suspicious activity and potentially unsafe addresses, with more use cases planned.
“Our ambition is not to build another wallet people download and forget,” Leon said. “We want to make the whole stablecoin experience easier — from holding and transferring to actually using them.”
As stablecoins increasingly move beyond crypto trading into payments, remittances and everyday digital commerce, the experience of using them remains fragmented across networks and wallets.
Changer+ was built to close that usability gap.
Backed by a private family office, Changer+ is taking a long-term approach to building the product. Rather than centering the platform around a project token or speculative rewards, the company is focused on usability, self-custody, security, and practical stablecoin utility.
“Stablecoins should just work,” Yun Han added. “Fewer unnecessary crypto steps, more useful things you can do with them, and the user stays in control.”
Enjoy three free transactions on each chain – Ethereum, Solana, and BNB Chain from October 6 to November 6, 2026.*
Available only to new users who install the Changer+ app and register during the campaign period. Network fees are covered for three eligible transactions per device. Terms and conditions apply. Changer+ reserves the right to amend or withdraw the offer.
About Changer+
Changer+ is a Singapore-incorporated, self-custodial stablecoin wallet built to make stablecoins easier to use.
With multi-chain stablecoin support across major blockchain networks, including Ethereum, Solana, BNB Chain and TRON, Changer+ brings together simpler transfers, flexible gas-fee options, security risk signals and practical use cases — while users remain in control of their private keys.
Backed by a private family office, Changer+ combines payments experience, Web3 expertise and security-led engineering with one ambition: to become the world’s easiest stablecoin wallet.
Disclaimer
This third-party press release is published substantially as received and does not reflect BeInCrypto's editorial views. BeInCrypto has not independently verified its claims or assessed the suitability, legality or appropriateness of any referenced asset, product or service; publication is not an endorsement. The content is general information, not investment research, financial, investment, legal or tax advice, a personal recommendation, offer or solicitation. Verify all information and seek professional advice where appropriate before acting. Crypto-assets may result in total loss.
Solana DvP allows settlement of trades in seconds. (Shubham Dhage/Unsplash)Summary
The Solana Foundation introduced Solana DvP, an open-source program that settles asset and payment transfers together on-chain within seconds, reducing counterparty risk.The externally audited standard aims to replace institutions’ custom settlement contracts and support the growth of tokenized assets across Solana.JPMorgan contributed settlement expertise to the project, while the foundation plans to add privacy features sought by institutional market participants.Solana Foundation, a non-profit dedicated to the decentralization, growth, and security of smart contract blockchain Solana, is taking a big swing at one of traditional finance’s old headaches – settlement risk.
On Oct. 6, the Foundation unveiled Solana DvP, an open-source delivery-versus-payment program that lets institutions settle trades “atomically on-chain,” with finality in seconds instead of days.
In traditional markets, assets and cash move through a chain of clearinghouses and custodians over one to two days, tying up capital and leaving room for principal risk. Solana DvP compresses these multiple legs into a single atomic transaction, such that both legs settle together, or neither does.
In plain English, institutions no longer have to trust the counterparty to deliver later. The trade either completes in full instantly, or it doesn’t happen at all, eliminating the risk of one party defaulting after receiving the asset or the cash as a part of the trade.
The DvP program also replaces the patchwork that institutions currently face when settling trades on-chain, where they’ve had to commission custom, one-off smart contracts for each deal.
“Atomic settlement removes counterparty risk that is inherent in traditional finance. Solana DvP program provides institutions with one open standard across the Solana ecosystem, on public infrastructure, with finality in seconds instead of days,” Catherine Gu, head of product, Digital Assets, Solana Foundation, said in a press release shared with CoinDesk.
Faster, safer settlement lowers the friction cost of moving value on-chain, which is precisely what tokenized assets need to scale.
Solana is already involved in notable tokenization experiments involving institutions, including a J.P. Morgan–arranged commercial paper deal for Galaxy Digital settled in USDC. An open, audited DvP standard could turn those one-off deals into regular business.
The latest effort has inputs from JPMorgan, too. The investment bank fed the project with decades of settlement-related information, helping shape requirements around deadlines, escrow isolation, and the token extensions regulated issuers rely on, such as pausable tokens and transfer hooks under Solana’s upgraded token standard, Token-2022.
Pausable tokens are crypto token featuring an emergency-stop mechanism so that the administrator can freeze transfers when required.
“A shared, open standard for atomic delivery-versus-payment is exactly the kind of foundational infrastructure institutional market participants require to operate at scale without introducing settlement risk and counterparty exposure. We were pleased to contribute our settlement expertise,” Rhodel D'souza, head of markets digital assets at J.P. Morgan, said.
Solana’s DvP may not be the first of its kind, but it stands out as an open standard on public infrastructure. JPMorgan’s Kinexys has successfully tested a cross-chain DvP trade with Ondo Finance, bridging its permissioned payments infrastructure with the public Ondo Chain testnet. Similarly, ClearToken launched DvP settlement using its native, fully permissioned and regulated applications running on top of the decentralized, privacy-enabled Canton Network.
The foundation says the DVP program has passed external security audits and is ready for real funds, with privacy features planned so settlements can stay confidential.
At Consensus Hong Kong in February this year, institutions emphasized that robust privacy features are key to mass adoption of blockchain technology by institutional players.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
12345678910The Definitive Stablecoin Landscape Series: Asia Pacific
The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Sep 15, 2026
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters:
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Solana DvP: A New Standard for Institutional SettlementThe Solana Foundation on October 6 launched Solana DvP, an open-source delivery-versus-payment settlement program aimed squarely at institutional financial markets. The tool is an open-source escrow program that gives financial institutions a standardized API for delivery-versus-payment settlement, the mechanism that ensures an asset and its payment change hands simultaneously.
Released under the permissive MIT license, it aims to bring that settlement guarantee to public blockchain infrastructure as a reusable standard rather than the bespoke smart contracts institutional trades have typically relied on.
In traditional markets, assets and cash move through a chain of clearinghouses and custodians over one to two days, tying up capital and leaving room for principal risk. Solana DvP compresses these multiple legs into a single atomic transaction, such that both legs settle together, or neither does.
The foundation said J.P. Morgan provided input on institutional settlement practices that shaped the design. Rhodel D'souza, J.P. Morgan's head of markets digital assets, described a shared open standard for atomic delivery-versus-payment as "exactly the kind of foundational infrastructure institutional market participants require to operate at scale without introducing settlement risk and counterparty exposure."
The foundation says the DvP program has passed external security audits and is ready for real funds, with privacy features planned so settlements can stay confidential.
Broader Institutional Momentum on SolanaThe launch lands as institutional appetite for Solana-based financial products continues to grow. BlackRock has expanded its on-chain product suite with two tokenized money market offerings now available on Solana, Ethereum, and Tempo: the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV) and BSTBL. BlackRock's BRSRV fund on Solana is designed to qualify as a GENIUS Act asset, positioning it to serve as reserve backing for regulated stablecoins under the new legislation.
Kraken has also moved into tokenized equities on the network. The offering, which covers more than 50 U.S.-listed stocks and exchange-traded funds, is facilitated through a partnership with Backed, a firm specializing in tokenized securities, using the Solana blockchain to offer so-called xStocks. Kraken and Backed chose Solana as the first chain for xStocks because of its "unmatched performance, low latency and thriving global ecosystem."
Together, the DvP tool and these product launches point to Solana becoming an increasingly serious destination for regulated, institutional-grade financial infrastructure, with settlement speed and open standards at the core of that pitch.
Sources:
Decrypt: Solana Debuts Institutional Settlement Standard With J.P. Morgan Input
CoinDesk: Solana Foundation Launches DvP to Settle Institutional Trades in Seconds
Decrypt: Kraken to Offer Tokenized Stock Trading on Solana to Overseas Customers
On October 5, US spot crypto ETFs did something slightly awkward. Bitcoin and Solana funds posted net outflows. Ethereum funds posted net inflows.
XRP products, meanwhile, recorded no net flow at all.
The single-day snapshot is notable because it runs almost exactly opposite to the weekly picture. In the broader data, Bitcoin had been the clear favorite and Ethereum the one getting left on read.
The daily flip versus the weekly trend Start with the daily numbers. Bitcoin and Solana spot ETFs both ended October 5 with more money leaving than arriving.
Ethereum ETFs went the other way, pulling in net new capital. XRP funds broke even, with zero net flow for the day.
Now zoom out. Data from SoSoValue, reported on October 5, showed US spot Bitcoin ETFs collected $241.09 million in weekly net inflows for the week ending in early October.
That marked the third straight positive week for Bitcoin funds. It also lifted cumulative inflows since the products launched in 2024 to around $57.8 billion.
Ethereum’s weekly picture looked far less cheerful. Spot Ethereum ETFs shed $138.02 million in net outflows over the same period.
That reversed the prior week, when Ethereum funds had taken in $690 million. The swing brought Ethereum ETF inflows for the year down to approximately $1.5 billion.
The smaller players: Solana, XRP and Zcash According to the SoSoValue data, Solana spot ETFs gained around $2.43 million in weekly net inflows. XRP spot ETFs brought in $4.74 million for the week. Both figures extended existing inflow streaks for those products.
That context makes the October 5 Solana outflow more interesting. A fund on an inflow run posted a red day, even as its weekly tally stayed positive.
Then there is Zcash. Zcash ETFs recorded their first weekly outflow, totaling approximately $94 million, per the research covering late September through early October.
The backdrop: Bitcoin’s pull on capital Bitcoin was trading near $85,000 to $86,000 during the period covered by the data.
The research framed the recent weekly pattern as a shift in investor sentiment, with capital appearing to favor Bitcoin over Ethereum as Bitcoin’s market dominance continued to build.
Spot Bitcoin ETFs have now accumulated around $57.8 billion in net inflows since their 2024 debut. Ethereum’s year-to-date total of approximately $1.5 billion is a much smaller figure by comparison.
What this means for investors The weekly trend, per SoSoValue, still favored Bitcoin. Three consecutive weeks of inflows suggests steady demand rather than a sudden spike.
The research flagged that Ethereum’s outflows could raise concerns about its market position as it competes with Bitcoin for investor attention. If Ethereum funds string together several positive days, the weekly narrative could change quickly, much as the $690 million prior week showed demand can return fast.
For altcoin products more broadly, Solana and XRP kept their weekly inflow streaks, while Zcash posted its first outflow of approximately $94 million.
The research warned that continued rotation toward Bitcoin and other established assets could bring more volatility to the broader crypto market in the near term.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
6 October 2026 | 08:49 Solana has released open-source software for tokenized trades where the asset and payment can settle together in seconds, provided both already exist on its blockchain.
A securities trade has two sides that need to move together When an institution buys a tokenized bond, fund share or another digital asset, neither side wants to move first. The buyer needs the asset before sending payment, while the seller needs payment before transferring the asset.
Traditional markets solve that problem through clearinghouses, depositories and custodians. Their controls reduce settlement risk, but the process can leave capital tied up for one or two days while ownership and payment are confirmed.
The Solana Foundation announced Solana DvP on October 6 as an open-source escrow program for delivery-versus-payment settlement. It is designed to place both sides of an on-chain trade into escrow, then exchange them through one transaction.
The settlement sequence
Both parties agree the asset, payment amount, authority and deadline. Each side funds its own escrow with tokens. The named authority settles both transfers in one transaction. If that cannot happen, the exchange does not go through. That all-or-nothing result is called atomic settlement. Solana Foundation Head of Product for Digital Assets Catherine Gu described the program as “one open standard across the Solana ecosystem” with finality in seconds instead of days.
A shared process could replace one-off settlement builds Once both sides can settle together, the next question is whether every institution has to build that process from scratch. Solana DvP is designed as reusable code for that job, allowing a bank, custodian, exchange or trading venue to integrate one common escrow model.
The program supports SPL Token and Token-2022 assets, including features used by issuers that need transfer and compliance controls. Those features may help institutions operate tokenized assets, while leaving issuers with powers that counterparties need to assess before a trade settles.
The technical documentation lays out the workflow in more detail. The parties record the terms, fund their separate escrow accounts with ordinary token transfers, and the settlement authority signs the transaction that exchanges the two legs. A wallet or custodian able to send a standard token transfer can fund a leg without building a separate DvP function.
That convenience does not remove the need for verification. Anyone can create a trade record, so the parties need to check the stored assets, amounts, destination addresses, expiry and settlement authority before funding either escrow.
JPMorgan supplied input, not a commitment to use the program JPMorgan’s role is the detail most likely to be overstated. The bank gave Solana Foundation input on institutional settlement practices and requirements while the program was being developed.
“We were pleased to contribute our settlement expertise.” – Rhodel D’Souza, Head of Markets Digital Assets at J.P. Morgan
Solana’s release states that JPMorgan did not design, develop, operate, approve, endorse or guarantee Solana DvP. The announcement shows that the bank contributed settlement expertise; it does not confirm a JPMorgan deployment or a live institutional trade through the program.
Faster settlement depends on what sits inside the trade The promised speed applies only when both sides of the trade are tokens on Solana. A cash payment that remains in a conventional bank account follows a separate settlement process and still needs reconciliation afterward.
A third address, named when the trade is created, must sign the final transaction. The program does not independently decide when to settle. An issuer with pausing, freezing or permanent-delegate powers can still affect the tokens held in escrow. A finalized blockchain transaction confirms the transfer on Solana. Whether it also settles the parties’ legal obligations depends on their contract and the rules governing the trade. The trade terms and token controls are only part of the due diligence. Institutions would also need to assess the program itself, which the documentation lists as upgradeable on mainnet, along with its audit history and the governance around future changes. The program’s external audit provides one piece of that review.
The next evidence will come from regular use Solana already has tokenized-asset activity, although the market remains concentrated. Our analysis of Solana’s RWA and payments growth found that relatively few issuers and venues accounted for much of the activity. A shared settlement program could make participation easier for more firms, yet it does not create the tokenized assets, payment tokens or legal agreements that an institutional trade requires.
Solana Foundation says the program has been externally audited and can be used with real funds while it seeks design partners ahead of a wider production rollout. The next meaningful proof will be recurring trades by named institutions, with tokenized assets, on-chain payment and a clearly defined settlement authority all working together.
For now, Solana DvP gives institutions code they can test for a specific task: exchanging a tokenized asset for an on-chain payment without either side moving first.
This article is for informational purposes only and does not constitute investment, legal or financial advice. Tokenized assets and their settlement arrangements may involve legal, operational, custody and issuer risks.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Solana is turning atomic settlement into reusable institutional infrastructure. The open-source program supports regulated assets and multiple settlement agents. Adoption by banks, custodians and trading venues is now the key test. Solana Foundation is moving deeper into the plumbing of tokenized finance with Solana DvP, an open-source settlement program designed to give financial institutions a common way to exchange assets and payments onchain.
The program addresses a problem that becomes more important as tokenization scales. Issuing an asset on a blockchain is only one part of the process. Institutions also need a reliable mechanism for transferring that asset against payment without exposing either counterparty to the risk that one side completes while the other does not.
Solana DvP packages that mechanism into reusable infrastructure rather than requiring institutions to build a new settlement contract for individual transactions.
J.P. Morgan provided input on institutional settlement practices and requirements during development. Its involvement should not be confused with adoption: the announcement does not say the bank designed, operates, certifies or plans to use the program.
Solana Is Standardizing What Institutions Have Been Building Separately Delivery-versus-payment links the two sides of a trade. The asset moves if the payment moves, and neither transfer completes if the other fails.
Traditional securities markets achieve this through layers of clearinghouses, depositories, custodians and other post-trade infrastructure. Solana Foundation says that process can leave capital tied up for one or two days.
Solana DvP instead places the transaction into isolated escrow, enforces settlement deadlines and executes the exchange atomically. Both legs settle together or neither does, with the Foundation targeting finality in seconds.
Speed is only part of the pitch.
Institutions settling tokenized transactions on public blockchains have often used bespoke smart contracts. That approach can support individual deals, but it creates repeated development, review and integration work as counterparties and products change.
Solana DvP provides a common API that different market participants can build around. It is released under the MIT license, allowing firms to adopt and modify the code without relying on a proprietary settlement network.
That moves the proposition from “blockchain settlement is possible” toward a harder question: can institutions use the same settlement rail repeatedly?
Regulated Tokens Can Keep Their Controls The program supports both SPL Token and Token-2022, including features that matter when the asset cannot trade as freely as a conventional crypto token.
Those include:
Transfer hooks, which can apply additional logic when tokens move. Pausable tokens, allowing transfers to be halted when required. Permanent delegates, which can give an authorized entity continuing authority over specified token operations. Flexible settlement agents, allowing a bank, custodian or exchange to coordinate settlement between counterparties. These controls are significant for tokenized securities because atomic settlement does not remove issuer restrictions, compliance obligations or custody requirements.
Solana’s existing Token-2022 documentation already demonstrates how regulated securities can be issued with frozen accounts, whitelisting and delegated authority. The new DvP program turns settlement itself into a dedicated reusable component of that infrastructure.
Atomic Settlement Has Clear Boundaries The new program removes a specific form of settlement risk. It does not replace the entire institutional post-trade stack.
Full atomicity requires the asset and its payment leg to be represented within the onchain transaction. Conventional bank money sitting outside the blockchain still introduces another settlement and reconciliation process.
Legal finality is separate as well. A blockchain can establish that an onchain transfer completed, but whether that transfer legally discharges the parties’ obligations depends on the contracts and regulatory regime governing the transaction.
The settlement agent also remains relevant. Solana DvP does not remove banks, custodians or exchanges from the process; it gives them standardized infrastructure through which settlement can be coordinated.
That makes the program more comparable to a settlement building block than a complete replacement for existing market infrastructure.
The Code Is Public, but Production Adoption Is Still Ahead Solana Foundation has published the DvP code through its official GitHub organization. The repository was active as recently as Oct. 5 and is released under an MIT license, providing institutions and developers with direct access to the implementation rather than only a commercial description of the product.
The Foundation says the program has undergone external security audits and is ready for use with real funds. At the same time, it is still seeking design partners and early participants ahead of a broader production release, which puts the project in an important intermediate stage.
Privacy is another unfinished component. Solana Foundation plans to add confidential settlement capabilities, a practical requirement for institutions that may not want trade size, counterparties and transaction activity exposed on a public ledger.
Those next steps provide clearer measures of progress than transaction speed alone.
The first will be whether institutions move real recurring settlement flows through the standard. The second will be whether the planned privacy layer can satisfy institutional requirements without undermining the auditability and control expected from regulated markets.
Solana already provides the network and token standards for bringing financial assets onchain. DvP now tackles the less visible question of how those assets can reliably change hands once they get there.
Alexander Zdravkov is a crypto journalist and market analyst specializing in digital assets, blockchain technology, and the rapidly evolving cryptocurrency market. He entered the industry more than four years ago, drawn to the speed of innovation in crypto and the potential of blockchain-based financial systems to reshape traditional markets. His work focuses on understanding the forces behind crypto market movements, from Bitcoin and altcoin cycles to institutional adoption, regulation, exchange-traded products, stablecoins, DeFi, and emerging blockchain ecosystems. Rather than simply following price action, Alexander looks at liquidity, investor positioning, market structure, and macroeconomic conditions to identify developing trends and explain what they could mean for digital assets. With a degree in International Relations, he brings a broader perspective to cryptocurrency coverage by connecting developments in the sector with monetary policy, geopolitics, regulation, and global capital flows. This allows him to examine crypto not as an isolated market, but as an increasingly interconnected part of the global financial system. Over the course of more than five years in financial journalism, Alexander has written over 5,000 articles covering cryptocurrencies, blockchain, traditional markets, and the global economy. His reporting spans Bitcoin, Ethereum and altcoins, DeFi protocols, institutional crypto adoption, regulation, market infrastructure, security incidents, and major developments shaping the wider digital asset industry. His approach is centered on giving readers context behind the numbers and headlines, explaining not only what is happening in crypto markets, but why it matters and what could come next.
The Solana Foundation has launched Solana’s Delivery-versus-Payment (DvP), a new open-source settlement tool for financial institutions. It allows tokenized assets and payments to settle together in one blockchain transaction, cutting settlement times from days to seconds.
Developed with input from J.P. Morgan, the tool also aims to reduce the risk of one side paying without receiving assets.
Until now, firms have often used custom smart contracts for each trade. Payments and assets can also move through clearinghouses, depositories, and custodians, which can take one to two days.
Meanwhile, this creates a risk that one side completes the trade while the other side does not.
Therefore, the Solana Foundation launched Solana DvP, which uses an atomic transaction. The payment and asset transfer happen at the same time. If one side fails, neither side settles.
Until now, institutions settling onchain have typically relied on bespoke smart contracts.
Solana DvP gives them a shared, open standard for atomic delivery-versus-payment, with input from J.P. Morgan on securities settlement practices 🧵
— Solana Foundation (@SolanaFndn) October 6, 2026 Catherine Gu, head of Product, Digital Assets at the Solana Foundation, said, “Atomic settlement removes counterparty risk that is inherent in traditional finance.”
This is designed to reduce counterparty exposure while providing finality in seconds rather than days.
J.P. Morgan Provides Settlement ExpertiseThe program was developed with input from J.P. Morgan, which provided input on traditional securities settlement practices. Its role is advisory, rather than operational.
Rhodel D’Souza, head of Markets Digital Assets at J.P. Morgan, said a shared open standard is the type of infrastructure institutions need,
“to operate at scale without introducing settlement risk and counterparty exposure.”
However, DvP is released under the MIT open-source license, has been externally audited, and can work with any settlement agent.
Token-2022 Adds Institutional ControlsThe framework also supports Solana’s Token-2022 standard, including features designed for regulated assets.
These include pausable tokens, which can allow transfers to be stopped during an emergency, and transfer hooks, which provide programmatic controls over how assets move.
The system can also be used by counterparties working with different settlement agents, including exchanges, custodians and commercial banks.
Solana Targets Production Use NextSolana said the DvP code has completed external security audits and is ready for use with real funds. The foundation is now looking for design partners before wider production use.
It is also working on privacy features that could allow institutional settlements to remain confidential, addressing another requirement for broader financial-market adoption.
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The Chairman of the CFTC cited Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Stellar (XLM), Tezos (XTZ), and XRP as examples of digital commodities.
Mike Selig, Chairman of the US Commodity Futures Commission (CFTC), cited Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Stellar (XLM), Tezos (XTZ), and XRP as examples of “digital commodities.” The announcement comes as the CFTC begins drafting its first formal rules for the cryptocurrency market.
According to Wu Blockchain, Selig, while explaining the crypto asset classification jointly developed by the CFTC and the U.S. Securities and Exchange Commission (SEC), presented these six crypto assets as examples of digital commodity categories.
Selig’s remarks are noteworthy in the context of efforts to create a more detailed framework for the regulatory status of crypto assets in the US. The CFTC Chair stated that the institution plans to differentiate between various activities and asset types, rather than classifying the entire crypto market under a single category.
In this context, the CFTC is expected to develop more specific rules for areas such as digital commodities, retail crypto transactions, and physical delivery conducted on the blockchain.
Selig also stated that wallets that do not offer custody services and software developers should be treated separately within the regulatory framework. The aim is to differentiate between organizations that directly hold assets or provide trading services and those that only develop software.
The CFTC’s approach is based on classifying different activities within the crypto ecosystem according to their function, rather than subjecting them to the same regulatory standards.
Selig’s inclusion of BTC, ETH, SOL, XLM, XTZ, and XRP as examples of digital commodities also stands out as a key element of the more detailed crypto asset classification that the institution is preparing.
*This is not investment advice.
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TLDR Standard Chartered analyst Geoff Kendrick maintains a $250 year-end price target for Solana, which would require the token to surge 107% in less than 90 days. The cryptocurrency currently trades at approximately $121, showing minimal movement since the prediction was initially made in February. September witnessed a 40% surge in Solana ETF net inflows, climbing to $271 million from August’s $194 million. Network validators implemented a policy change on September 26 that doubles the disinflation rate, reducing the speed of new token creation. Revenue from decentralized applications on Solana exceeded $100 million for two consecutive weeks, matching levels last seen in August 2025. As of October 5, 2026, Solana (SOL) continues to trade in the $121 range, creating a substantial distance from the ambitious $250 price target established by Standard Chartered earlier this year. When analyst Geoff Kendrick published his forecast in February, the token was hovering at similar levels, and months later, it has struggled to gain meaningful traction toward that goal.
Solana (SOL) Price Achieving the $250 mark before the year concludes would demand a remarkable 107% price appreciation in fewer than three months. Such a rally would elevate Solana’s total market capitalization from its current $71 billion to approximately $147 billion.
The banking institution previously adjusted its 2026 outlook downward in February, reducing the target from $310 to $250. However, Kendrick simultaneously boosted his long-term projections, introducing a bold $2,000 forecast for 2030.
Stablecoin Transaction Volume Drives Standard Chartered’s Valuation Framework Kendrick constructs his price projections by analyzing the relationship between Solana’s network valuation and the economic throughput occurring on the blockchain. A key factor in his analysis involves the growing preference for SOL and stablecoin trading pairs on decentralized exchanges.
The analyst anticipates that AI-driven automated systems will increasingly leverage Solana’s infrastructure for micropayments, capitalizing on the network’s exceptionally low transaction costs. Nevertheless, Kendrick cautioned that Solana might underperform relative to Ethereum throughout 2026 and 2027 until payment activity reaches sufficient scale to support higher valuations.
Over the past 30 days, Solana has posted an 18% gain. Even with this recent upward movement, the token remains deeply underwater from its $293 all-time high recorded in January 2025, trading 59% below that peak.
The current circulating supply of Solana tokens totals 588 million coins. Unlike cryptocurrencies with hard supply caps, Solana continually mints new tokens as staking rewards, creating ongoing selling pressure that must be counterbalanced by fresh buying demand during any sustained price increase.
Network validators enacted a protocol modification on September 26 that doubles the disinflation rate. While this adjustment reduces the velocity of new token issuance, it doesn’t inherently generate additional market demand.
Market analyst Sweep, known on social media as @0xSweep, identified a recurring price pattern in Solana’s recent behavior. According to his assessment, the token cycles through expansion phases followed by accumulation periods, and SOL currently sits in accumulation territory. Sweep suggested that a temporary dip below $110 could materialize before the next upward movement initiates.
$SOL is doing exactly what it did last month
First expansion and then accumulation
Right now SOL is in the accumulation phase with a drop below $110 possible
Once that completes the next leg up will start pic.twitter.com/t5OJNANx6j
— Sweep (@0xSweep) October 4, 2026
Investment Product Flows and Network Metrics Display Positive Trends Solana-focused exchange-traded funds experienced a 40% increase in net inflows during September, accumulating $271 million versus the prior month’s $194 million. Current trading volume for SOL stands at $2.3 billion, representing roughly 3.2% of its total circulating market capitalization.
The number of unique addresses interacting with the Solana blockchain daily has demonstrated consistent growth. According to Santiment analytics, a bullish crossover has formed between the 30-day and 50-day moving averages for this on-chain indicator.
Fee generation across Solana’s ecosystem of decentralized applications, including platforms like Pump.fun, surpassed the $100 million threshold for the second consecutive week. This revenue level hasn’t been sustained since August 2025.
Source: TradingView From a technical perspective, SOL encounters significant resistance around the $120 price point. The Relative Strength Index presently registers at 64.
Should the price successfully breach the $125 barrier, market participants are monitoring for potential continuation toward $150. Conversely, if buying momentum proves insufficient to overcome current resistance, a retracement into the $110–$115 support zone represents an alternative scenario that traders are preparing for.
The Solana Foundation has launched Solana DvP, an open-source escrow program that lets financial institutions settle tokenized assets and payment in a single atomic transaction on Solana. Announced in New York on Monday, October 5, the program is released under the MIT license and was built with input from J.P. Morgan on institutional settlement practices and requirements.
Delivery-versus-payment is the bedrock of securities settlement: the asset and cash move simultaneously, removing the risk that one leg completes while the other fails. Traditional markets reach that outcome through a multi-day chain of clearinghouses, depositories, and custodians that ties up capital for one to two days. The foundation’s announcement positions Solana DvP as a way to compress that process into one transaction, with finality in seconds instead of days.
How Solana DvP works Solana DvP supports SPL Token and Token-2022, including the extensions regulated issuers rely on such as permanent delegate, pausable tokens, and transfer hooks. Any two counterparties can use the program with any settlement agent, whether a bank, a custodian, or an exchange. The Solana Foundation said the code has passed external security audits and is ready for use with real funds, and that it plans to add privacy features so settlements can remain confidential.
J.P. Morgan’s role J.P. Morgan contributed input on settlement practices, but the bank did not design, operate, or endorse the program. A disclaimer in the announcement states its involvement was limited to advice and should not be read as approval or certification. “A shared, open standard for atomic delivery-versus-payment is exactly the kind of foundational infrastructure institutional market participants require,” said Rhodel D’souza, Head of Markets Digital Assets at J.P. Morgan. Catherine Gu, Head of Product, Digital Assets at the Solana Foundation, said atomic settlement “removes counterparty risk that is inherent in traditional finance.”
Why it matters Until now, institutional trades settling onchain have typically relied on bespoke smart contracts. Solana DvP replaces that with one reusable standard rail, building on Solana’s recent Alpenglow upgrade to public testnet. The foundation is positioning the network for tokenized real-world assets, where a shared settlement standard could lower the barrier for banks and asset managers to enter. What remains unproven is adoption: the foundation is still inviting design partners and early participants ahead of a full production release, and no major bank has yet committed to settling live trades through the program.
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A freelance writer with a passion for crypto, delivering insightful and accurate content on blockchain and fintech. With a knack for translating complex concepts into accessible content, Eric produces well-researched articles, blog posts, and thought leadership pieces that cover the latest trends and developments in the digital finance space. His writing is aimed at educating and engaging both newcomers and industry experts, offering fresh insights into the world of cryptocurrencies, decentralized finance (DeFi), and blockchain innovations. Eric’s dedication to quality and accuracy makes him a trusted voice in the fintech and crypto communities
TLDR Solana Foundation released Solana DvP, an open-source protocol for on-chain institutional trade settlement. The protocol completes atomic settlements in seconds rather than the traditional one-to-two-day timeframe. JPMorgan provided guidance on institutional requirements throughout the development process. The solution provides a unified open standard under MIT license, eliminating the need for custom smart contracts. Solana DvP has completed external security audits and is production-ready for live transactions. The Solana Foundation unveiled a groundbreaking protocol this Monday designed to accelerate how financial institutions finalize trades on blockchain infrastructure. The solution bears the name Solana DvP.
Solana just launched an open source settlement standard for financial initiations
The interesting part isn't just 'seconds instead of days'
J.P. Morgan helped shape the settlement requrements
That tells me the competition is moving beyond crypto transactions
It's becoming… pic.twitter.com/8xB81a5FK1
— 𝙁𝙧𝙤𝙨𝙩 (@FroITIA) October 6, 2026
DvP represents delivery-versus-payment, a settlement framework that traditional finance has employed for years. This mechanism ensures simultaneous exchange of assets and payment. When either component fails, neither transaction executes.
Traditional markets execute this workflow through multiple intermediaries—clearinghouses, depositories, and custody providers. The standard timeline spans one to two business days. Solana DvP condenses this entire sequence into one blockchain transaction. Both elements settle simultaneously, wrapping up within seconds.
Unified Protocol Replaces Fragmented Contract Approach Until now, institutions completing on-chain settlements typically developed proprietary smart contracts for individual transactions. Smart contracts function as self-executing blockchain programs that automatically fulfill agreements when predetermined conditions trigger.
Solana DvP eliminates this fragmented approach. The solution delivers a single, reusable framework. Released under MIT open-source licensing, the protocol allows unrestricted institutional adoption without licensing costs.
“Atomic settlement removes counterparty risk that is inherent in traditional finance,” said Catherine Gu, head of product for digital assets at the Solana Foundation. She said the program gives institutions one open standard across the Solana network with finality in seconds.
The protocol accommodates token standards that regulated entities currently deploy. Pausable tokens enable administrators to halt transfers when necessary. Transfer hooks provide compliance departments with enhanced oversight regarding token movement.
JPMorgan’s Contribution to Development JPMorgan played a consultative role in shaping the protocol, though not as a direct builder. The institution’s digital asset division contributed extensive settlement knowledge accumulated over years of operations.
This expertise influenced architectural choices surrounding transaction deadlines, escrow segregation, and the regulatory-compliant token capabilities institutions require.
“A shared, open standard for atomic delivery-versus-payment is exactly the kind of foundational infrastructure institutional market participants require to operate at scale,” said Rhodel D’souza, head of markets digital assets at JPMorgan.
Solana maintains connections to additional institutional tokenization initiatives. A notable case involves JPMorgan-structured commercial paper for Galaxy Digital, finalized through USDC settlement.
Solana DvP doesn’t stand alone in this space. JPMorgan’s proprietary platform, Kinexys, has piloted cross-chain DvP transactions with Ondo Finance. Those experiments bridged JPMorgan’s permissioned payment infrastructure with Ondo Chain’s public testnet environment.
ClearToken represents another DvP settlement entrant. Its implementation operates on Canton Network, infrastructure engineered for privacy and regulatory compliance.
Solana DvP distinguishes itself by functioning as an open framework on permissionless infrastructure. Any counterparty pair can deploy it, selecting their preferred settlement agent—whether banking institution, custodian, or trading platform.
According to the Solana Foundation, the protocol has successfully cleared independent security evaluations. It stands ready for deployment with actual capital immediately.
The Foundation outlined plans to integrate privacy capabilities in future iterations. These enhancements would enable institutions to maintain trade confidentiality while executing settlements on transparent infrastructure.
During a Hong Kong industry gathering earlier this year, institutional participants emphasized that privacy functionality remains essential for mainstream blockchain integration. This priority continues guiding Solana DvP’s evolution toward expanded adoption.
The Solana Foundation has begun recruiting design partners and initial adopters. This outreach precedes a broader commercial launch of the settlement framework.
Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.
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The Solana Foundation comes with big news as it launched DvP, an open-source standard designed to let institutions settle tokenized assets and payments atomically on Solana, with finality targeted in seconds. Traditional securities settlement typically takes one to two business days, leaving capital in transit and exposing counterparties.
In conventional markets, trades pass through clearinghouses, depositories, and custodians before assets and cash complete their respective legs. That process commonly takes one to two business days. Until both sides settle, a participant can face principal risk: payment may be made without the securities arriving, or assets may be delivered without payment.
Until now, institutions settling onchain have typically relied on bespoke smart contracts.
Solana DvP gives them a shared, open standard for atomic delivery-versus-payment, with input from J.P. Morgan on securities settlement practices 🧵
— Solana Foundation (@SolanaFndn) October 6, 2026 Delivery-versus-payment, or DvP, addresses that exposure by making the transfer of the asset conditional on the simultaneous transfer of cash. If either leg fails, neither completes. Solana DvP is intended to express that condition as a single atomic transaction rather than a series of transfers that settle at different times.
The operational details matter beyond the settlement window: institutions also need clear controls over custody, execution, and how tokenized assets move. Those requirements sit alongside the broader ownership, custody, and liquidity questions around tokenized assets.
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One Reusable Rail or Bespoke Contracts?Institutions settling trades on-chain have typically relied on custom smart contracts built for individual deals. The Foundation presents Solana DvP as a common standard across the Solana ecosystem: asset and payment move together in one transaction, or the trade does not go through. The intended result is finality in seconds rather than days.
The program is released under the MIT open-source license, so institutions and developers can adopt it and build on the code without relying on a proprietary settlement product. Any two counterparties can use it with a settlement agent such as a bank, custodian, or exchange.
This flexibility makes the standard a piece of infrastructure, not a complete replacement for the systems and controls those participants already operate.
For firms considering blockchain-based settlement, atomic execution is only one part of the operational stack. Institutional custody and execution infrastructure remain relevant to whether a public-chain settlement mechanism can fit existing workflows.
Trade Solana on Bybit and Get a Chance to Win Our $1,000 USDT Airdrop
JPMorgan Name In This Solana NewsJPMorgan provided input on institutional settlement practices and requirements during development. The Foundation said that expertise helped shape the program for institutional use, but its announcement explicitly limits the bank’s role to providing input.
A major bank’s technical input may indicate that institutional requirements were considered; it is not evidence of a live JPMorgan settlement flow, a client deployment, or a commercial commitment.
For traders assessing the institutional narrative around Solana, the announcement is an infrastructure milestone, not confirmation of near-term transaction volumes or added demand for SOL.
The program supports token features, including pausable transfers and transfer hooks, which can give compliance teams controls over how tokenized assets move. Those features do not amount to regulatory approval, jurisdictional authorization, or a legal determination that any particular issuance or settlement is compliant. Nor do they imply JPMorgan’s endorsement of the system.
The Foundation news says Solana DvP has undergone external security audits and is ready for use with real funds. Privacy features for confidential settlements remain planned, while design partners and early participants are being sought ahead of a broader production rollout.
The Solana Foundation announced Tuesday the launch of Solana DvP, an open-source settlement program for financial institutions that aims to cut settlement times.
Solana DvP offers an open-source application programming interface for delivery-versus-payment (DvP) settlement on Solana.
The program aims to cut securities settlement from one to two days to seconds by transferring assets and payment in a single transaction that either completes in full or does not take effect, the Solana Foundation said in a press release. It is designed to offer institutions a reusable alternative to custom smart contracts.
The settlement standard is the type of “foundational infrastructure” that institutional market participants need to “operate at scale without introducing settlement risk and counterparty exposure,” said Rhodel D’Souza, head of markets digital assets at JPMorgan. The bank provided input on institutional settlement practices and requirements during work on Solana DvP.
The announcement adds to efforts to speed up financial settlement using blockchain infrastructure. In June 2025, Chainlink, JPMorgan’s Kinexys and Ondo Finance completed a cross-chain DvP pilot involving Ondo’s tokenized US Treasury fund and payment through Kinexys.
On Monday, Kraken’s parent company, Payward, partnered with Singapore Gulf Bank to enable 24/7 US dollar settlement for select institutional clients in Asia and the Gulf region.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
The Solana Foundation announced Tuesday the launch of Solana DvP, an open-source settlement program for financial institutions that aims to cut settlement times.
Solana DvP offers an open-source application programming interface for delivery-versus-payment (DvP) settlement on Solana.
The program aims to cut securities settlement from one to two days to seconds by transferring assets and payment in a single transaction that either completes in full or does not take effect, the Solana Foundation said in a press release. It is designed to offer institutions a reusable alternative to custom smart contracts.
The settlement standard is the type of “foundational infrastructure” that institutional market participants need to “operate at scale without introducing settlement risk and counterparty exposure,” said Rhodel D’Souza, head of markets digital assets at JPMorgan. The bank provided input on institutional settlement practices and requirements during work on Solana DvP.
The announcement adds to efforts to speed up financial settlement using blockchain infrastructure. In June 2025, Chainlink, JPMorgan’s Kinexys and Ondo Finance completed a cross-chain DvP pilot involving Ondo’s tokenized US Treasury fund and payment through Kinexys.
On Monday, Kraken’s parent company, Payward, partnered with Singapore Gulf Bank to enable 24/7 US dollar settlement for select institutional clients in Asia and the Gulf region.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
TLDR The Solana Foundation launched Solana DvP, an open-source program for institutional trade settlement. J.P. Morgan gave input on settlement practices that shaped the program’s design. The tool settles an asset and its payment in one transaction, with finality in seconds instead of days. It supports Solana token standards used by regulated issuers and has passed outside security audits. The launch follows BlackRock and Kraken using Solana for tokenized funds and U.S. stocks. The Solana Foundation has launched a new open-source program to help banks and other financial institutions settle trades on the Solana blockchain. The tool is called Solana DvP.
The foundation announced the program on Monday. It was built with input from J.P. Morgan on how institutions handle settlement.
DvP stands for delivery-versus-payment. It is a basic process in finance that makes sure an asset and its payment change hands at the same time.
How Solana DvP Works Solana DvP is an escrow program that gives institutions a standard API for this type of settlement. It is released under the MIT license, which allows wide use.
Institutional trades on blockchains have often relied on custom smart contracts. The foundation aims to replace that with a reusable standard on public blockchain infrastructure.
In traditional markets, delivery-versus-payment runs through clearinghouses, depositories and custodians. This process can take several days and can tie up capital for a day or two.
Solana DvP combines that process into one atomic transaction. Both the asset and the payment settle together, or neither one does.
The program supports SPL Token and Token-2022. This includes features regulated issuers use, such as permanent delegate, pausable tokens and transfer hooks.
The program has gone through outside security audits. The foundation said it plans to add privacy features so settlements can stay confidential.
What J.P. Morgan and the Foundation Said “Atomic settlement removes counterparty risk that is inherent in traditional finance,” said Catherine Gu, the foundation’s head of product for digital assets. She said the program gives institutions a single open standard “with finality in seconds instead of days.”
Rhodel D’souza, J.P. Morgan’s head of markets digital assets, also commented on the launch. He said a shared, open standard for atomic delivery-versus-payment is “exactly the kind of foundational infrastructure institutional market participants require.”
The launch follows other moves by large firms to use Solana for tokenized real-world assets. These are traditional assets, like funds or stocks, recorded on a blockchain.
In August, BlackRock launched a tokenized money market fund for stablecoin reserves. The fund records ownership on Solana and Ethereum and is structured to qualify as a reserve asset under the GENIUS Act.
Kraken has used Solana to offer tokenized U.S. stocks to customers outside the country. It does this through its xStocks product.
Solana has become a leading network for tokenized equities. The DvP program is meant to give regulated firms a trusted way to settle trades on-chain.
Solana’s native token traded at about $120.25 on Tuesday. That was up 0.71% over the previous 24 hours.
October’s strongest established crypto candidates have liquid markets, active developer communities and events that can be checked against public records. Bitcoin, Ethereum, Solana, BNB and XRP each meet the longevity test, but their October cases depend on different things. A scheduled testnet, an ecosystem conference or a validator vote can change expectations without creating token demand by itself.
Summary
Bitcoin remains the largest cryptoasset, with an October 5 closing price near $85,771 on CoinGecko. Ethereum’s Glamsterdam upgrade is targeted for the fourth quarter, with a Sepolia test scheduled for October 6 and no confirmed mainnet date. Solana has four Accelerate China events between October 16 and 22, while its faster finality upgrade still needs production evidence. BNB Chain targets a late October Jenner testnet, with its mainnet upgrade planned for late November. XRP Ledger’s Batch amendment is nearing an October decision, subject to validator support and the outcome of a security fix. The word “best” in a market headline needs a test. For this selection, a coin must have an established trading history, a substantial and observable community, a usable network or clear monetary role, and a dated development or demand question for October. These criteria do not rank expected returns. Market capitalization can make an asset easier to trade, but it also means a major price move requires much more capital than a small token does.
The list was selected on October 6. CoinGecko’s bitcoin history records an October 5 close of $85,771, while its global market dashboard offers a changing snapshot across all assets. Prices and market capitalizations should be checked at publication. A catalyst is an event to investigate, not a promise that a token will appreciate on the event date.
How were the five candidates chosen? Bitcoin has operated since 2009, Ethereum since 2015, XRP Ledger since 2012, BNB Chain since 2020 and Solana since 2020. Their histories include periods of heavy volatility and operational disputes. Longevity alone is not a safety certificate, but it gives readers more evidence than a newly created token’s few trading sessions. Public code, onchain records, developer documentation and long running communities make a claim about adoption easier to test.
The selection spans distinct sources of value. BTC is a scarce monetary asset. ETH is used to pay for Ethereum execution and secure its proof of stake network. SOL is the native asset of a high throughput chain. BNB pays network fees and participates in its ecosystem. XRP is used for XRP Ledger fees and can serve as a bridge asset, though a tokenized transaction on XRPL does not necessarily buy XRP as a payment asset. Putting all five in a single “October event trade” would hide these differences.
The calendar matters too. The BLS release schedule places September CPI on October 14. The Fed’s October calendar places the policy meeting on October 27 and 28. A network milestone can arrive on schedule yet be outweighed by yields, ETF flows or a fall in the wider risk market. We therefore look for independent confirmation in actual usage and trading rather than assigning a price target to the event.
Bitcoin: Large and liquid, but without a protocol launch Bitcoin’s October case rests on cash demand and its longest running monetary policy. The Bitcoin supply schedule caps issuance at 21 million BTC and estimates the next halving in 2028. October 2026 has no scheduled halving. A “halving catalyst this month” would be an incorrect reason to include BTC. The near term events are the inflation releases, Fed decision and the completion of weekly fund flow reports.
U.S. spot bitcoin exchange traded funds took in about $2.39 billion during the week ending September 25, according to Farside’s fund table. A crypto.news account of that week documents the concentration of inflows early in the period. Fund creations are observable institutional access, but investors can sell bitcoin into the same demand. One positive week does not establish an October trend, and a rising fund asset value can reflect bitcoin’s price instead of new subscriptions.
Bitcoin’s established network and market depth make it the clearest benchmark for the other four. Its risk is the same scale that makes it familiar: a move from roughly $85,000 back toward the prior high above $126,000 would require substantial sustained buying. The relevant October test is whether complete weekly ETF rows, cash market activity and price hold together after CPI and the Fed meeting. A negative spot demand estimate or repeated redemptions would undermine the immediate bull case even if a conference fills a calendar elsewhere.
Ethereum: Glamsterdam moves through a public test Ethereum’s official roadmap targets Glamsterdam for the fourth quarter but says its mainnet date is unconfirmed. The changes include enshrined proposer builder separation and block level access lists, both designed to address block production and execution efficiency. Public testing can reveal problems as well as progress. An October 6 Sepolia activation is a testnet milestone, and it should never be presented as the mainnet upgrade itself.
The protocol has an unusually broad developer and application base, but that does not make the token immune to demand shocks. A block execution improvement may raise capacity while reducing the amount users pay for a given activity. Lower costs can attract usage; whether they produce net ETH demand depends on transaction volume, fee burn, staking and the rest of the market. A crypto.news account of the Sepolia test sets out what remains before production activation.
Readers should check the test outcome, client readiness and whether a mainnet schedule is formally agreed. Ethereum’s event calendar lists October gatherings and November’s Devcon in India, but a conference is a venue for announcements, not a protocol upgrade. Ether remains an October candidate because it has actual network use and a verifiable engineering path. The risk is that testing slips, technical issues appear or the market has priced in the proposed benefits long before activation.
Solana: Four October events and a harder engineering test The Solana Foundation’s Accelerate calendar lists Shanghai on October 16, Hangzhou on October 18, Shenzhen on October 20 and Beijing on October 22. The series gives developers and financial firms a near term forum for product announcements. None of those dates obliges an institution to launch an application or purchase SOL. A useful post event check is a public deployment, fee paying usage or committed liquidity, with a date and entity attached.
Solana’s more consequential engineering promise is Alpenglow, a change designed to reduce finality from roughly 12.8 seconds toward about 150 milliseconds. A public developer network and validator work are tests of that proposition. An earlier crypto.news examination of finality frames the question for operators. The credible price case depends on a production rollout that maintains safety, not a demonstration in which only ideal conditions are shown.
Solana has a large consumer and trading community, a deep application ecosystem and products that give traditional investors exposure. Its vulnerabilities include congestion, concentration of activity in speculative tokens and the gap between theoretical throughput and user experience when load rises. A recent crypto.news look at the October setup notes the difference between an upgrade narrative and actual ETF demand. Follow validator participation, network failures and durable fees after each launch announcement.
BNB: Jenner has a testnet window, not a mainnet event BNB Chain’s announcement places the Jenner testnet fork in late October and the mainnet fork in late November, with exact times and release versions yet to be announced. The October claim is therefore narrow. Successful testnet activation would move the engineering process forward; it would not mean Jenner was already live for all BSC users.
The 2026 technical roadmap describes work on execution performance, lower fees, storage and developer tools. BNB’s role in fees means usage can connect to token demand, but fee reductions may mean each transaction consumes less BNB. Growth in transaction count should be weighed against fee revenue and token supply, not treated as a one for one price driver. The network’s exchange linked ecosystem brings distribution, and that same connection creates concentration and regulatory exposure.
BNB has an older and larger application base than a newly launched layer 1. That is why it belongs in an established coin feature. The October watch is whether the published Jenner binaries, test results and final mainnet timing match the announced window. If the fork slips or its benefits are small under real load, the testnet headline provides little independent reason for BNB to outperform.
XRP: Validator approval is a condition, not a launch promise The RippleX roadmap covers changes to XRPL’s transaction and token features. Batch aims to combine dependent actions, a potentially useful tool for atomic settlement. A security fix and validator vote make timing contingent. An earlier crypto.news feature on Batch separates the capability from the work a financial institution still has to do around issuance, custody and legal claims.
The XRP Ledger amendment documentation explains that amendments need sustained validator support before activation. Readers should verify the specific Batch amendment’s vote, the version running on validators and any published bug fix. A tentative activation date is conditional, and a release number is not proof that institutions are using the feature in production.
XRP has a long lived holder base and a network that processes payments and token transactions. A rise in institutional activity on XRPL need not produce a proportionate rise in XRP demand: issuers can represent other assets, while XRP fees per transaction are small. The price case strengthens if real applications settle repeatedly, liquidity deepens and XRP is used for more than mandatory fees. If the amendment fails its approval test, the October event thesis needs to be updated rather than rolled forward without explanation.
Which October catalyst is most concrete? Ethereum’s Sepolia activation has a specific public test date. Solana’s four conferences have specific venues and dates, but no guaranteed protocol change. BNB’s Jenner announcement has a late month testnet window and an explicitly later mainnet target. XRPL Batch has a validator process whose outcome depends on support and the security fix. Bitcoin’s macro and fund flow tests have a published reporting calendar but no engineering launch. These are different degrees of certainty.
The ordering does not predict relative returns. A testnet can activate and ETH fall; bitcoin can rise on cash inflows with no new upgrade; SOL can rally before its events and reverse afterward. A large community helps distribute information and applications, but social reach cannot replace users, fee payments or flows. For each candidate, compare the price before and after the event with BTC and the global crypto market, then inspect the associated onchain or fund measure.
The five names overlap with many broad market products. A portfolio of them is not five independent bets when macro liquidity drives all five simultaneously. XRP, BNB and SOL carry distinct technology and governance risks on top of general crypto volatility. Readers should not infer an allocation or a ranked recommendation from the order of this feature.
What to watch Bitcoin: Complete weekly spot ETF creations and redemptions after CPI, alongside spot demand and yields.
Ethereum: Sepolia results on October 6, subsequent client releases and any confirmed Glamsterdam mainnet schedule.
Solana: Verifiable applications from the October 16 to 22 events and validator evidence from Alpenglow testing.
BNB: Jenner testnet release and activation notice, with mainnet still targeted for November.
XRP: The specific Batch amendment vote, the security fix and later production usage by identifiable issuers.
FAQ What is the best established crypto to buy in October 2026? No one asset is best for every buyer. Bitcoin has the deepest monetary track record; the other four have different network use and October milestones. The article identifies questions to test, not a universal purchase recommendation.
Why include Bitcoin without an October network upgrade? Its potential October catalyst is changing cash demand around published macro events and weekly ETF flows. The next halving is estimated for 2028.
Is Glamsterdam launching on Ethereum mainnet on October 6? No. October 6 is a Sepolia testnet milestone. Ethereum’s roadmap targets mainnet in the fourth quarter without a confirmed date.
Will a Solana conference make SOL rise? No event guarantees a price move. Public deployments, use and fees after an announcement provide a better test than attendance alone.
Is BNB Chain’s Jenner upgrade happening in October? The late October window is for testnet. The announced mainnet target is late November and exact fork details remain subject to publication.
Does XRPL Batch require investors to buy XRP? The network requires XRP for fees, but the assets moved in a batch can be other tokens. Additional business use does not automatically translate into a large XRP purchase.
Are these five coins safer than small new tokens? Their longer history and liquidity provide more information, but all can lose value sharply. Operational, regulatory and market risks differ by coin.
When should the October case be reassessed? Recheck the dated event status, full fund flow rows and actual network usage after the relevant October release. An unconfirmed or delayed milestone changes the premise.
Disclaimer: This article is for information and educational purposes only and does not constitute financial or investment advice. Figures reflect regulatory filings and reporting available at the time of writing and change with each disclosure. Nothing here is a recommendation to buy, sell, or hold any security or asset. Always do your own research. Information is accurate as of October 6, 2026.
Backpack Securities has launched a tokenized version of the iShares MSCI Brazil ETF on Solana through Sunrise, bringing one of the main vehicles for trading Brazilian equities onto crypto rails as investors react sharply to Brazil’s first-round election result.
Issued by Backpack Securities, $EWZ is now listed on @Solana with @Sunrise.
▸ Redeemable 1:1 for iShares MSCI Brazil ETF shares
▸ Transferable to traditional brokerages
The iShares MSCI Brazil ETF seeks to track an index composed of Brazilian equities. pic.twitter.com/PV5ZPPAB6R
— Backpack Onchain (@BackpackOnchain) October 5, 2026
The tokenized EWZ is redeemable 1:1 for traditional shares of the ETF through Backpack Securities. The launch comes as EWZ jumped roughly 13% Monday following a surprise result in Brazil’s first-round presidential vote.
Sen. Flávio Bolsonaro finished first with about 47% of the vote, ahead of President Luiz Inácio Lula da Silva at roughly 45%, setting up an Oct. 25 runoff.
Brazilian markets rallied sharply on the result, with the Bovespa, Brazil’s benchmark stock index, gaining more than 8% and the real strengthening more than 4% as investors increased bets on a more market-friendly fiscal agenda.
The timing shows one advantage of tokenized assets: when events like elections or earnings suddenly increase demand for a specific market, investors can get exposure through crypto platforms without relying only on traditional brokerage hours.
That is the gap Backpack is trying to address. The company launched Backpack Securities earlier this year with Sunrise as its tokenization partner, allowing traditional securities to be converted into Solana-based tokens and later redeemed back into corresponding security entitlements.
Tokenized equities and ETFs have been growing quickly as more traditional assets move onto blockchain rails. DefiLlama reported in August that the market capitalization of tokenized equities had grown ninefold over the previous year to more than $3.7 billion. Its latest dashboard tracks about $2.7 billion in onchain public equities, with roughly $196 million actively deployed across DeFi.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
The Commodity Futures Trading Commission’s chairman has named Bitcoin, Ether, Solana, Stellar, Tezos, and XRP as digital commodities. For an industry that spent years arguing over what its biggest tokens actually are, that is a short sentence with a long backstory.
The classification places these assets on the commodity side of the US regulatory divide. That side is supervised by the CFTC, not the Securities and Exchange Commission.
Where the list comes from The tokens are part of a broader group identified in a joint interpretive release from the SEC and CFTC, unveiled on March 17, 2026. That guidance labeled 16 major digital assets as “digital commodities,” which effectively moved them out of the securities classification.
SEC Chairman Paul Atkins and CFTC Chairman Michael S. Selig presented the guidance together at the DC Blockchain Summit.
The release did more than name names. It organized digital assets into five categories: digital commodities, digital collectibles, digital tools, stablecoins, and digital securities.
Only the last of those buckets is typically treated as a security under US law, according to the guidance.
The interpretive release also addressed activities such as mining and staking. It did this through interpretive rules rather than new legislation, which means the agencies clarified how they read existing law instead of waiting for Congress to write a new one.
The XRP chapter finally closes Of the names on the list, XRP probably carries the most baggage. Ripple spent years in litigation with the SEC over whether its token sales amounted to securities offerings.
That fight wound down when all appeals were dropped in August 2025. The commodity classification followed the resolution, with regulators concluding that XRP’s programmatic sales do not constitute securities transactions.
Commodity status is not a free pass Being a digital commodity does not mean being unregulated. These assets remain under the CFTC’s anti-fraud and anti-manipulation jurisdiction in spot markets.
The guidance also notes that regulators keep their authority to pursue fraudulent activity across the digital asset space.
The CFTC is also looking past classification toward trading rules. On October 5, 2026, Selig announced the agency’s intention to advance new regulations covering leveraged retail trading of digital assets.
Those proposals might establish new frameworks under what have been described as Regulation CTX and Regulation CAM.
Why regulators are filling the gap The agencies are moving partly because Congress has not. Legislative efforts such as the CLARITY Act, which aimed to set out a full market structure framework for crypto, have stalled.
The limits are real. Comprehensive market structure rules still require congressional action, and guidance issued by one set of agency heads can be revisited by the next.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
Solana has kicked off Q4 in a way that has put the spotlight back on the SOL/ETH ratio.
Technically speaking, SOL/ETH closed Q3 nearly 6% lower, showing that Ethereum significantly outperformed Solana in the last quarter. Whereas SOL returned 60%, ETH delivered 73% ROI, meaning that in FOMO fashion, Ethereum currently has the stronger setup heading into Q4.
But Solana’s latest on-chain activity suggests the gap might be beginning to close. According to Blockworks data, Solana has kicked off Q4 processing more spot DEX volume than Ethereum mainnet, all of Ethereum’s L2s and Hyperliquid combined. In figures, that means Solana processed over $1.6 billion in spot DEX volume, up more than 50% on Ethereum.
Source: Blockworks As a critical metric of on-chain activity, the early divergence could set up a stronger SOL/ETH setup in Q4.
The reasoning behind this is simple: Higher DEX volume is an indicator of increased activity on the Solana blockchain, which could lead to higher demand for the network, thereby giving SOL more room to appreciate against ETH. Interestingly enough, the liquidity setup is already starting to support this thesis.
According to RWA Foundation, stablecoin market cap across the top 10 chains grew by $815.7 million in the last 24 hours. Solana alone captured nearly 50% of that growth, adding $378.1 million. For SOL, that fresh liquidity could fuel even more capital into the ecosystem, giving its DEX a further boost as Q4 begins.
The key takeaway? One sector could already be pointing to where this liquidity and rising DEX activity are heading. So, if Solana [SOL] continues to capture a larger share of this activity, it could serve as the next catalyst for SOL to gain ground over Ethereum and potentially set the stage for a SOL/ETH breakout.
Can tokenization give Solana the edge over Ethereum? In a recent post, Solana highlighted a development that caught the market’s attention.
Nasdaq listed it, Solana moved it.” A drone defense company had more trading volume on Solana than its home exchange while Fiserv plugged in 90+ banks and credit unions. Solana also posted $365 million in Q3 app revenue, its tenth consecutive quarter leading the pack in crypto-native assets.
According to AMBCrypto, the main takeaway is that a Nasdaq-listed company saw more volume on Solana than its home exchange, signifying that tokenized assets are the driving force behind the network’s growth, with the tokenized stock trading volume on Solana crossing a record $4.4 billion in September.
Source: X While Ethereum [ETH] still holds dominance in the wider RWA space, Solana’s Q3 momentum in the tokenized stocks and real-world use cases arena is helping to close the gap. If the trend continues, the increased level of tokenization activity could provide Solana with a key catalyst for capturing more on-chain volume and potentially narrowing the gap with Ethereum in Q4.
In this regard, the fact that Solana kicked off October by outperforming Ethereum in terms of DEX volume could be seen as a precursor to the on-chain dominance of SOL, which could eventually lead to a breakout of the SOL/ETH pair above the 0.05 resistance level.
Final Summary Solana’s on-chain activity is picking up, giving SOL a chance to catch up with ETH in Q4. Growing tokenization could be the key catalyst, potentially helping SOL/ETH break above 0.05.
$SOL is back over $100, onchain activity is at all time highs, and the dawn of a new crypto bull market is starting to creep over the horizon.
Looking back, Q3 2026 was evidently a turning point for the crypto economy, punctuated by speculative social trading, creative RWA-Fi, perpetual trading flows, and wealth of fundamental improvements to Solana’s architecture.
What are the defining metrics powering Solana’s new trajectory?
Quarterly Tokenized Asset Trading Up 498% Since Q3 2025 Everyone from Blackrock’s Larry Fink to SEC Chair Paul Atkins is bullish on tokenization. But while the supply of tokenized assets on Solana has been steadily rising since 2025, Q3 2026 was undoubtedly a breakout moment for the sector.
Challenged by explosive volumes in meme/stock pairings on BNB and Robinhood, Solana’s innate competitive spirit fought back hard against its rivals. With Stonk enabling custom asset pairings, tokenized asset trading roared across Solana DeFi. Memecoins like $SI, $ALLINU, and $GP drove millions in trading volume through equities and commodities like $NVDAx, $DKNG, and $GLDX.
Driven by newfound speculative interest in meme/stock pairs, Solana’s tokenized asset trading volume rose 38.8% from Q2 to Q3. Zooming out, the growth trajectory is even more pronounced, with quarterly tokenized asset volume up 498% when compared with Q3 2025.
Naturally, surging volumes across tokenized assets in general has resulted in new quarterly all-time highs for both equities and commodities. xStocks, Solana’s first tokenized equities issuer, has solidified its position as the network’s leading provider, commanding 51% of quarterly market share in commodities.
Despite growing popularity for Backpack-issued securities, xStocks narrowly edged out the new challenger, retaining 48% quarterly market share over Backpack’s 46%.
Despite Backpack’s explosive volume, xStocks boasts the largest supply and deepest liquidity of all tokenized equity and commodity issuers. Onchain data implies xStocks-issued equities make up 75% of Solana’s supply, with 8 of the network’s deepest equity liquidity pools holding xStocks assets.
Memes Return, DFlow Boosted by Social Trading Memes are back in vogue. Whether it was $ANSEM sparking the first $400M onchain runner the trenches have seen in over a year, or social trading on apps like fomo reimagining the dynamics of the game, memecoins have witnessed their strongest flows since Q3 2025. To put that in perspective, $SOL was over $200 at the time.
Memecoin volume hit over $57.6B in Q3 2026, representing 29% of all DeFi trading volume and flipping stablecoin swaps for the first time all year.
Social trading apps like fomo enjoyed explosive growth throughout Q3, attracting a self-reported 3M lifetime users with an estimated 105k+ traders placing logging activity every day. But beyond changing the way many people are trading, fomo’s success is having a direct impact on Solana’s underlying aggregator race.
Fomo, and other emerging trading venues like JTX, routes its Solana-based trades primarily through DFlow. With traders flocking to these trading platforms, DFlow’s footprint and influence in Solana DEX markets is rapidly expanding.
After capturing single digit market share for much of its lifespan, DFlow now processes 16% of Solana’s quarterly aggregator volume. Admittedly, 16% doesn’t sound consequential at face value, but one could argue the quarterly figures don’t accurately represent the platform’s trajectory. DFlow’s weekly market share currently sits at 24%, pushing as high as 34% on a daily basis.
Jupiter remains the kingpin of Solana’s aggregator race, maintaining its firm grip on the sector and capturing 67% of all volume. While still firmly in the lead, Q3 marked Jupiter’s lowest historical share of quarterly volume.
With memecoins returning to the forefront of Solana’s onchain markets, the chain’s prop AMMs are now taking a backseat. While offering superior price execution on larger assets, like $SOL, pAMMs simply cannot quote the diversity and dynamism of a thriving memecoin economy.
Traditional, passive AMMs are simply far better suited to provisioning liquidity for an unlimited range of long-tail assets. From Q2 to Q3, liquidity across Raydium pools climbed 29% from $410M to $532M, while quarterly trading volume rose by 102%. Tokenized asset trading volume exploded on the platform, and now represents an estimated 46% of protocol revenue.
Transactions Hit ATH as App Revenue, DeFi TVL Bounce Back No one told $SOL price, but Solana is in an onchain bull run. Quarterly activity is at an all-time high, with over 14B transactions pushed through the network in the last three months.
Led by speculative trading activity and a decidedly risk-on environment, Solana application revenue has roared back to its highest point since September 2025, a time when $SOL peaked at around $250.
By the numbers, this suggests that activity and applications are more productive than they were at the height of 2025, while prices in larger assets like $SOL are still lagging.
Meanwhile, DeFi TVL is once again trending upwards. Buoyed by bullish price action across many assets Solana TVL has returned to pre-Drift hack levels, with over $6.57B committed to DeFi on the network.
Despite Declining Perps Volume, Open Interest is Rising In most respects, Solana DeFi is thriving. Spot markets are witnessing steady growth from Q2, TVL is on the rise, and tokenization is continuing its relentless drive to a $5B total market size. But while spot activity is constructive and encouraging, Solana’s perps sector has suffered a slight decline in notional volume.
Solana perps venues collectively executed $146.1B in notional trading volume in Q3, down 20.2% from Q2’s $183.1B. Pacifica and GMTrade ranked highest among Solana’s growing list of perpetual futures DEXs, though both these venues are currently running incentive campaigns, which may be inflating activity.
While on paper, declining volumes could be perceived as a bearish indicator for Solana’s perps race, other metrics suggest activity is simply becoming more organic.
Open interest, or the amount of capital committed to live positions, trended upwards in Q3. Where volume is easily washed and inflated to capture value from incentive campaigns, open interest is often considered a more authentic measure of perps activity. From Q2 to Q3, Solana’s perp venues witnessed a 5.33% increase in open interest, rising from $487M to $513M.
Solana’s Q3 Upgrades Solana has had a tremendous Q3, but onchain data and metrics only tell one side of the story. Rising volumes and activity provide an indicator of changing behaviors among end users, but much of this growth is only possible due to incremental improvements in the network’s underlying architecture and infrastructure.
In Q3 alone, Solana underwent several upgrades, and passed a critical governance vote:
Slot time reductions - Solana slot times dropped from 400ms to 250ms, with 200ms targeted in the coming weeks
CU limit increase - Solana’s block capacity rose to 100M CU (compute units), enabling more transactions to be packed into each block
SGP-002 - Solana’s stakeholders voted in favor of passing a governance proposal to increase $SOL deflationary curve, bringing $SOL emissions to its terminal rate ~3 years early
With onchain activity rising, markets showing life after breaking out of a stagnant downtrend, and Solana making considerable technical improvements, Q3 2026 was undoubtedly a productive quarter for crypto’s most performant Layer-1 blockchain.
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September 2026 marked another major month for tokenization across the Solana ecosystem. Tokenized equities reached new highs in supply, holders, and trading volume, while regulatory developments in the United States created a clearer pathway for certain onchain securities markets.
Tokenized commodities, funds, deposits, digital infrastructure, and real-world assets all gained momentum. Here is everything you might have missed:
September 1: Tokenized Equity Supply Reaches $780.5 Million Solana started the month with a new milestone for tokenized equities. Tokenized-equity supply on the network reached a record $780.5 million on September 1, according to Blockworks data. The figure marked another step in the rapid expansion of stock-based assets on Solana.
September 2: SHEIN Arrives Onchain SHEIN, one of the world's largest online fashion retailers, debuted on the Hong Kong Stock Exchange and became available as a tokenized stock on Solana through xStocks on the same day.
The launch provided another example of tokenization following traditional market events in near real time. The development also expanded the geographic range of equities available through Solana's tokenized stock ecosystem.
September 11: Solana Launches Stocklana Solana launched Stocklana, a dedicated hackathon focused on tokenized equities.
The initiative offered more than $100,000 in prizes to developers building stock-focused products on Solana. The competition ran from September 11 through September 25.
On the same day, tokenized $GRND stock on Solana reached approximately $31 million in trading volume less than 24 hours after launch. That figure nearly doubled the company's approximately $16.6 million NYSE trading volume from the previous day and exceeded its roughly $25 million average daily volume.
September 14: Africa's Largest IPO Comes to Solana NectarFi launched the Dangote Petroleum Refinery and Petrochemicals IPO on Solana through its partnership with GetEquity.
The offering is Africa's largest public share offering and gives investors access through stablecoin subscriptions. Investors can participate with a minimum purchase of ₦10,000, about $7.50.
September 14: Kraken Brings Yield to Tokenized Stocks Kraken launched xStocks Vaults with Veda, Kamino, and Sentora.
The product lets users deposit $SPYx, $QQQx, and $NVDAx and earn yield.
September 16: Project Harmonia Opens Applications Project Harmonia opened its formal application process for tokenized funds, distributors, and ecosystem participants.
The initiative connects Allfunds' institutional fund distribution network with Solana's onchain infrastructure. Allfunds connects more than 3,300 asset managers and financial institutions and has approximately €1.9 trillion in assets under administration.
Through Harmonia, eligible tokenized funds on Solana can seek access to Allfunds' institutional distribution network, while funds already available through Allfunds can become accessible through Solana.
September 17: SEC Opens a Pathway for Tokenized Stocks The U.S. Securities and Exchange Commission approved a temporary, conditional Innovation Exemption for certain tokenized stock trading activities.
The framework allows permissioned Tokenized Securities Venues to facilitate trading in certain National Market System stocks through automated market makers and liquidity pools without falling under the traditional definition of an exchange.
The exemption creates a 5-year window for eligible venues to test onchain securities markets under defined conditions. The decision marked one of the year's most significant regulatory developments for tokenized equities.
September 18: Dawn Tokenizes Digital Infrastructure Cash Flows Dawn Internet launched its USD.infra Vault to connect eligible non-U.S. participants with real-world digital infrastructure.
The product links stablecoin liquidity with AI compute and wireless connectivity network deployments. The model aims to connect capital formation with the development and expansion of physical digital infrastructure.
September 23: NYSE Explores 24/7 Tokenized Markets Blockchain and the New York Stock Exchange announced a partnership to explore global, 24/7/365 trading of tokenized U.S. stocks and ETFs.
The initiative could eventually provide more than 44 million Blockchain users with access to tokenized securities through the NYSE's planned digital alternative trading system.
September 23: Solana Passes 1 Million Tokenized Equity Holders Solana surpassed 1 million tokenized equity holders for the first time.
The network currently boasts almost 1.3 million tokenized equity holders.
September 24: UK Banks Complete Tokenized Deposit Transaction Lloyds, NatWest, and Barclays completed the world's first interbank transactions using blockchain-based tokenized deposits, while HSBC and other banks also tested peer-to-peer payments.
The banks used tokenized deposits in 2 mortgage transactions, demonstrating how blockchain infrastructure could support settlement between regulated financial institutions.
September 28: Raydium Surpasses $6 Billion Stock Trading Volume Raydium crossed $6 billion in cumulative tokenized stock trading volume.
The milestone followed the protocol's rapid expansion throughout the year as tokenized equities became a larger part of decentralized market activity on Solana.
That same day, Solana overtook Robinhood to become the No. 1 blockchain for weekly tokenized commodities spot trading volume for the first time.
September 29: Metaplex Introduces a Permissioned RWA Standard Metaplex introduced MPL-3643, a new standard for permissioned real-world assets and tokenized securities on Solana. The standard gives issuers compliance controls, including transfer restrictions, lockups, verified-wallet access, and jurisdictional limits.
The framework addresses a central challenge facing tokenized financial assets: combining the composability of blockchain infrastructure with the regulatory requirements that govern securities and other restricted assets.
Memestocks also gained momentum in September, with Super Inu ($SI) becoming a notable example. The memecoin, paired with tokenized Nvidia stock ($NVDAx), reached a $60.9 million market cap after President Donald Trump's push to use "Super Intelligence" instead of "Artificial Intelligence" created a direct narrative around the token. $SI surged nearly 130% on September 29 and briefly became StonkFun's largest memecoin by market cap.
Broader Trends: Tokenized Markets Continue to Scale September's developments point to several broader trends across Solana's tokenization ecosystem.
Tokenized equities continued to dominate activity. Solana recorded approximately $4.25 billion in tokenized equities spot trading volume during September, while tokenized commodities generated approximately $264.6 million in spot volume.
Allium data also showed that holders across RWA products on Solana increased 5x over the past year, with tokenized stocks accounting for 98% of the increase since April. The growth suggests that equities have become a major driver of participation in Solana's broader RWA ecosystem.
Tokenized equities also began developing their own communities. Vida Global CEO Lyle Pratt commented on the emerging memestock trend around tokenized equities, noting that communities built around pairs involving tokenized stocks can create places where shareholders organize and develop new experiments.
Vida Global subsequently embraced its tokenized VIDAx stock on Solana with an investor page tracking holders, trading volume, onchain activity, and the amount of stock locked in liquidity pools.
Vibhu, speaking on SolanaFloor's Big Picture livestream, described the tokenization supercycle as both real and global.
He argued that traditional financial institutions can take 2 years to move a project from its initial development into production, meaning much of today's institutional experimentation may only begin showing its full impact over the next several years.
September therefore represented another step in the transition from isolated tokenized assets toward broader onchain capital markets. Regulatory frameworks, institutional distribution networks, traditional exchanges, and onchain liquidity venues increasingly worked toward the same objective: making financial assets available through programmable, continuously accessible digital infrastructure.
With tokenized equity supply reaching $780.5 million at the start of the month, more than 1 million holders by September 23, and billions of dollars in monthly spot volume, Solana's tokenization market continued to move from an emerging use case toward a more established segment of digital financial infrastructure.
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Solana’s Stocklana hackathon closed with 604 project submissions, and the winners will divide $126,000 in prizes.
The theme was tokenized stocks, meaning equities that live on a blockchain and can trade at any hour. Traditional exchanges go dark every evening and all weekend. Solana’s pitch is that its markets never do.
The numbers behind Stocklana The Solana Foundation launched Stocklana on September 11, 2026. It was the first event hosted on hackathons.solana.com, a new self-serve platform the foundation built for running developer competitions.
The original plan called for a one-week sprint. Organizers ultimately extended the event, and the final submission deadline landed on September 25, 2026.
By then, 1,182 people had registered and 604 projects had been submitted.
The $126,000 prize pool breaks into two pieces. The main track carries $100,000, while the remaining $26,000 comes from bounties funded by partner organizations.
Winners are expected to be announced around October 2, 2026.
Who is paying the bounties Three ecosystem partners put up the $26,000 in side-track prizes: PreStocks, Tessera, and Meteora.
PreStocks focuses on tokenized pre-IPO shares. These are stakes in companies that have not yet listed on a public exchange, a market historically reserved for venture funds and wealthy insiders.
Tessera works on private equities more broadly. Its interest is in bringing ownership of non-public companies on-chain.
Meteora contributes expertise in Dynamic Bonding Curves. A bonding curve is a pricing formula that automatically adjusts what an asset costs as people buy or sell it.
Why around-the-clock trading is the pitch The hackathon specifically targeted applications that take advantage of Solana’s ability to support trading 24 hours a day, seven days a week. By mid-September 2026, Solana’s tokenized equity ecosystem counted more than 800,000 holders. More striking, 63% of trading volume took place outside conventional market hours.
Most of the activity in these tokenized shares happens precisely when traditional exchanges are closed.
What this means For the Solana Foundation, Stocklana served two purposes at once. It tested demand for tokenized equity tooling, and it served as a debut for the foundation’s new self-serve hackathon platform.
The partner lineup points to where the category may be heading. Pre-IPO and private equity exposure have long been difficult for ordinary investors to access.
Watch the winner announcement expected around October 2, 2026.
Disclosure: This article was edited by Kaye Quema. For more information on how we create and review content, see our Editorial Policy.
In brief DeFi Development Corp. added about 26,203 SOL between Sept. 28 and Oct. 2, lifting holdings to 2,564,212 SOL and SOL equivalents, per an 8-K filed Oct. 5. The gain is roughly half the 47,706 added the prior week and about a quarter of the 101,381 added the week ending Sept. 18. The company says its treasury is up 11% since Aug. 12 and values it at $302 million, and it paid the first 13% dividend on its CHAD preferred stock on Oct. 1. DeFi Development Corp., a Financial services and asset management company known in the crypto ecosystem for having the second biggest Solana holdings in the world, just added 26,202 SOL, worth roughly $3 million, to its treasury. The funds came in between Sept. 28 and Oct. 2, according to an 8-K, the form public companies file to disclose significant events.
The Nasdaq-listed company, ticker DFDV, now holds 2,564,212 SOL and “SOL equivalents,” a term the filing doesn’t define. It values the pile at $302 million. That’s a 1% increase from the 2,538,010 it held on Sept. 25.
Myriad: Where does Solana go next? Click to make your prediction.The pace with which the company is adding to its coffers is cooling. DFDV added 101,381 SOL in the week ending Sept. 18 and 47,706 SOL the week after.
CEO Joseph Onorati framed it differently in the company’s press release. “The DFDV ship is flying at lightning speed. We have continued buying SOL and have grown our treasury by 11% since August 12,” he said.
Lightning speed, in this case, was roughly half the previous week’s pace.
DFDV is what’s known as a digital asset treasury company, a business whose main strategy is piling up one cryptocurrency on its balance sheet. It applies the approach Michael Saylor’s Strategy popularized with Bitcoin to Solana, and it runs its own validators, the computers that help run the network and earn rewards. For shareholders, the appeal is exposure to SOL through a regular brokerage account.
DFDV pitches itself as a bigger swing on Solana. In an August release, Onorati said the company is designed to give investors magnified exposure to SOL. In practice, that means moves in SOL’s price are supposed to hit the stock harder, in both directions.
The company sells CHAD, a preferred stock—shares that get paid dividends ahead of common stock—to raise money that its prospectus says will go partly toward buying SOL. CHAD has a stated amount of $10 and currently pays 13% a year, or $1.30 per share, according to the release. Its board can adjust that rate, per the same prospectus.
The company also set up a $300 million at-the-market program, a way to sell new shares over time at market prices, per the release.
On Sept. 1, the company was offering 2.2 million shares of CHAD at $9, a deal that could raise $19.8 million. The IPO priced two days later at 1,375,000 shares and $8 each, for about $11 million. Against a treasury the company values at $302 million, that’s a small slice.
DFDV also issued preliminary third-quarter estimates as of Sept. 30, not final results. It said SOL per share and total SOL grew by double digits since Aug. 12. Net asset value per share—what’s left for each common share after subtracting debts and preferred stock from holdings and cash—grew more than 100%.
The company was known as Janover, a commercial real estate platform, until its 2025 pivot. In May 2025, it held nearly 600,000 SOL. It now holds more than four times that.
The DAT model, though, has a catch. Treasury firms grow by selling shares at a premium, meaning more than the tokens behind each share are worth, and history has proven that growth stalls when shares fall below that value. By December 2025, many firms’ shares had slipped below the value of their crypto holdings, Strategy’s included.
The company has declared CHAD dividends of $0.00516 per share for each business day through Oct. 30.
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In brief DeFi Development Corp. added about 26,203 SOL between Sept. 28 and Oct. 2, lifting holdings to 2,564,212 SOL and SOL equivalents, per an 8-K filed Oct. 5. The gain is roughly half the 47,706 added the prior week and about a quarter of the 101,381 added the week ending Sept. 18. The company says its treasury is up 11% since Aug. 12 and values it at $302 million, and it paid the first 13% dividend on its CHAD preferred stock on Oct. 1. DeFi Development Corp., a Financial services and asset management company known in the crypto ecosystem for having the second biggest Solana holdings in the world, just added 26,202 SOL, worth roughly $3 million, to its treasury. The funds came in between Sept. 28 and Oct. 2, according to an 8-K, the form public companies file to disclose significant events.
The Nasdaq-listed company, ticker DFDV, now holds 2,564,212 SOL and “SOL equivalents,” a term the filing doesn’t define. It values the pile at $302 million. That’s a 1% increase from the 2,538,010 it held on Sept. 25.
Myriad: Where does Solana go next? Click to make your prediction.The pace with which the company is adding to its coffers is cooling. DFDV added 101,381 SOL in the week ending Sept. 18 and 47,706 SOL the week after.
CEO Joseph Onorati framed it differently in the company’s press release. “The DFDV ship is flying at lightning speed. We have continued buying SOL and have grown our treasury by 11% since August 12,” he said.
Lightning speed, in this case, was roughly half the previous week’s pace.
DFDV is what’s known as a digital asset treasury company, a business whose main strategy is piling up one cryptocurrency on its balance sheet. It applies the approach Michael Saylor’s Strategy popularized with Bitcoin to Solana, and it runs its own validators, the computers that help run the network and earn rewards. For shareholders, the appeal is exposure to SOL through a regular brokerage account.
DFDV pitches itself as a bigger swing on Solana. In an August release, Onorati said the company is designed to give investors magnified exposure to SOL. In practice, that means moves in SOL’s price are supposed to hit the stock harder, in both directions.
The company sells CHAD, a preferred stock—shares that get paid dividends ahead of common stock—to raise money that its prospectus says will go partly toward buying SOL. CHAD has a stated amount of $10 and currently pays 13% a year, or $1.30 per share, according to the release. Its board can adjust that rate, per the same prospectus.
The company also set up a $300 million at-the-market program, a way to sell new shares over time at market prices, per the release.
On Sept. 1, the company was offering 2.2 million shares of CHAD at $9, a deal that could raise $19.8 million. The IPO priced two days later at 1,375,000 shares and $8 each, for about $11 million. Against a treasury the company values at $302 million, that’s a small slice.
DFDV also issued preliminary third-quarter estimates as of Sept. 30, not final results. It said SOL per share and total SOL grew by double digits since Aug. 12. Net asset value per share—what’s left for each common share after subtracting debts and preferred stock from holdings and cash—grew more than 100%.
The company was known as Janover, a commercial real estate platform, until its 2025 pivot. In May 2025, it held nearly 600,000 SOL. It now holds more than four times that.
The DAT model, though, has a catch. Treasury firms grow by selling shares at a premium, meaning more than the tokens behind each share are worth, and history has proven that growth stalls when shares fall below that value. By December 2025, many firms’ shares had slipped below the value of their crypto holdings, Strategy’s included.
The company has declared CHAD dividends of $0.00516 per share for each business day through Oct. 30.
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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
DeFi Development Corp. (NASDAQ: DFDV), a Solana-focused treasury management company, reported on Monday that its cash and cash equivalents more than doubled from August 12 to September 30, according to preliminary third-quarter estimates.
Significant growth in assets and holdingsThe company also expects to reduce its notional borrowings denominated in Solana (SOL) during the same period. DeFi Development’s current treasury holds approximately 2,564,212 SOL and SOL equivalents, giving it a portfolio valued around $302 million. Nearly 26,203 SOL were added after September 28.
These unaudited figures indicate that DeFi Development’s net asset value (NAV) per share more than doubled in roughly seven weeks. The NAV calculation includes cash plus SOL holdings, minus SOL-denominated debt, other liabilities, and preferred equity.
For its preliminary reporting, the company uses adjusted common shares, which cover restricted stock units, vested options, and in-the-money warrants and convertibles. DeFi Development specified that neither NAV per share nor total NAV represents GAAP book value.
In a statement, CEO Joseph Onorati described rapid progress and explained that the company expects “double digit growth in SOL per share and more than a doubling of NAV per share since our August update.”
The firm also noted that its SOL holdings increased by about 11% since its August earnings update. Both cash positions and SOL-denominated borrowings saw significant change through the third quarter.
MetricAugust 12September 30ChangeSOL & equivalents~2.3 million2,564,212+11%Cash & equivalents–More than doubledUp 100%+SOL-denominated borrowingsHigherDecreasedLowerCHAD preferred stock dividend and capital programsDeFi Development also announced developments related to its preferred stock, CHAD, which is listed on Nasdaq. The company initiated a $300 million at-the-market program for CHAD, aiming to provide fresh capital for additional SOL purchases.
CHAD began paying its first dividend on October 1, offering a 13% annual rate on its $10 stated value. This rate translates to $1.30 per share per year, distributed on every business day when declared. The company explained that earnings from validator fees and staking rewards in its SOL treasury would support these payouts.
DeFi Development stated that SOL delivered a 56% stronger performance compared to the Nasdaq-100 in the third quarter, and that the firm’s return exceeded SOL’s rally by 1.5 times.
On Monday, DeFi Development Corp.’s stock price increased by approximately 4%. However, the stock remains down about 66% compared to one year ago. The company explained that its performance is in line with broader trends, as many Solana treasury-focused companies have also faced severe losses during the same period.
DeFi Development highlighted its first-ever preferred stock dividend for investors, emphasizing new capital initiatives and continued focus on SOL acquisition through its expanding treasury program.
Mini dictionary: DeFi Development Corp., or DFDV, is a publicly traded company specializing in treasury management using Solana (SOL) assets and preferred stock instruments to generate yield and expand its digital holdings.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Real Vision founder Raoul Pal remains bullish on crypto’s long-term trajectory, arguing that improving liquidity could lift Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), Sui (CRYPTO: SUI) and other digital assets.
Pal argues Wall Street’s tokenization push and AI adoption strengthen the sector’s underlying growth story.
Bitcoin Awaits Dollar ‘Green Light‘Crytocurrencies remain "super oversold" relative to the Nasdaq, gold and broader liquidity conditions, leaving room for the market to catch up, Pal said in a CoinTelegraph interview on Oct. 2.
But the key signal for the next leg higher is the U.S. dollar.
"If the dollar starts weakening, then we get a green light for further movement in crypto," according to Pal.
For now, elevated bond yields, a strong dollar and geopolitical uncertainty are limiting liquidity.
AI has captured much of the capital available to risk assets, with crypto tending to rally when the AI trade pauses.
Pal declined to provide a near-term Bitcoin price target but said the widely discussed $1 million Bitcoin thesis is plausible if adoption, ETFs, institutional participation and BTC’s use as collateral continue expanding.
Pal stated he would have "no issue" with Bitcoin reaching that level by around 2032.
Which Tokens Offer Different Risk-Reward BetsBeyond Bitcoin, Pal is particularly focused on Ethereum, Solana and Sui, viewing major Layer-1 networks as infrastructure plays on the continued expansion of blockchain activity.
He pushed back against the idea that Solana is already positioned to overtake Ethereum, pointing to Ethereum’s significantly greater "economic density" per user.
Pal estimated Ethereum has roughly $200,000 in total value locked per active user versus around $2,500 for Solana.
He argued Ethereum remains deeply embedded across stablecoins, DeFi, tokenization, real-world assets and digital art.
Solana, meanwhile, has significantly more speculative activity and smaller transaction sizes, but Pal still expects both networks to grow.
Bigger Crypto Investment ThesisPal remains bullish on Zcash (CRYPTO: ZEC), arguing privacy demand could grow as investors seek assets outside TradFi infrastructure. However, he cautioned its sharp rally makes further upside difficult to gauge.
While meme coins can drive crypto adoption, Pal warns against excessive speculation and favors 80%-90% of a portfolio in higher-quality assets.
With Wall Street increasingly adopting blockchain infrastructure, Pal expects tokenized assets and AI agents to drive more activity toward major Layer-1 networks through 2030.
Solana’s price hovered around $120 on Monday after posting gains over four consecutive sessions, facing pressure from a sharp contraction in ETF demand. The cryptocurrency, which powers the Solana blockchain known for its high-speed decentralized applications and low transaction costs, has maintained a mildly bullish chart structure, staying above key moving averages even as investor flows slow.
ETF inflows see steep declineData from CoinGlass shows that Solana-centric exchange-traded funds attracted $2.43 million in net inflows last week, a dramatic fall from the $188.22 million seen the previous week. This represented a 98.7% decrease, signaling a significant pause in fresh allocations, even as the streak of positive weekly inflows extended to a 14th week.
The decline in new ETF investment does not reflect overall withdrawals, but marks a clear reduction in additional capital entering these funds. Investors are now watching for signs of whether this slowdown is temporary or signals a longer-term moderation in demand for Solana ETFs.
Despite the slowdown, fresh ETF investments managed to stay positive, though at sharply reduced levels compared to the previous week’s surge.
It is important to note that ETF activity reflects only one segment of investment in SOL. Other channels—including centralized and decentralized exchanges—play a significant role in overall trading volumes.
PeriodSolana ETF InflowsLast week$2.43 millionPrevious week$188.22 millionRobust network activity supports price actionDespite weakening ETF demand, Solana’s network activity remains strong. According to data published by SolanaFloor, decentralized exchange volume on the Solana network on Sunday surpassed the combined trading volume of Ethereum mainnet, Ethereum Layer-2 solutions, and Hyperliquid. This comparison underscores notable engagement and traction among users.
SolanaFloor also reported over $4.4 billion in tokenized-stock trading volume on the Solana blockchain, reflecting the rapid growth of blockchain-based avenues for gaining exposure to traditional assets. However, the specific time frame for this figure was not disclosed, so it should not be misconstrued as indicative of daily activity. The one-day DEX volume lead was noteworthy, but not necessarily a lasting trend.
Mini dictionary: SolanaFloor, an analytics platform that tracks metrics related to the Solana blockchain, focusing on DeFi, NFT, and network statistics.
Together, decentralized trading and tokenized-equity volumes suggest ecosystem users remain active, cushioning the broader market impact of reduced ETF inflows.
Technical structure: Triangle pattern guides outlookChart analysis on the four-hour and daily intervals shows SOL trading above its 50-, 100-, and 200-period exponential moving averages, located near $119.24, $116.43, and $110.44 respectively. Current price action is contained within a symmetrical triangle pattern, marked by support at around $119.16 and resistance at $123.
Momentum indicators remain moderately constructive, with the Relative Strength Index (RSI) positioned near 54, and the Moving Average Convergence Divergence (MACD) indicator slightly positive. This setup supports a modestly bullish bias for the near term rather than signaling a robust rally.
Key resistance levels are identified at $123 and the September high of $124.95, while Fibonacci projections suggest a potential short-term target of $132.87 should a breakout occur.
If bulls succeed in lifting SOL above resistance and sustaining those gains, the technical outlook may strengthen. Conversely, immediate support in the $118.71 to $119.25 range coincides with the cluster of moving averages and trendline support. Should price fall below this area, bears may target the 100-period EMA at $116.43, followed by the 200-period EMA at $110.44.
While Solana retains a mildly bullish technical profile, its next significant move will hinge on whether buyers can maintain support and attract renewed demand above key breakout zones.
TLDR Solana (SOL) traded at $121.44, inside a narrow 24-hour range of $120.00 to $122.29. All major moving averages sit below the current price, from the 7-day at $119.57 to the 200-day at $86.16. Resistance sits between $122.49 and $123.53, with support at $120.20 and $118.95. Open interest fell 7.29% to about $984 million, while top Binance traders stayed 64.3% long. An analyst gives a 55% chance of a move toward $128–$130 and a 45% chance of a drop to $116.31. Solana (SOL) traded at $121.44 on October 5, moving 0.28% over the day. The price stayed in a narrow 24-hour range between $120.00 and $122.29.
All of SOL’s major moving averages sit below the current price. The 7-day average is at $119.57, the 20-day at $116.31, the 50-day at $105.66 and the 200-day at $86.16.
These averages are all pointing upward. The 200-day average sits about 41% below the current price.
Solana Price on CoinGecko Resistance Between $122.49 and $123.53 Traders are watching a resistance zone between $122.49 and $123.53. SOL has faced rejections near the lower end of that range during recent sessions.
Momentum indicators show the recent rally has slowed. The MACD histogram reads zero, and the RSI stands at 65.58.
The Stochastic %K is at 71.68, crossing above %D at 57.35. This points to a small short-term rise in momentum.
On the Bollinger Bands, SOL holds a %B reading of 0.70. The upper band sits at $128.90.
The daily pivot is at $121.24, just below the current price. Immediate support is at $120.20, with the next level at $118.95.
Derivatives Data Shows Mixed Signals On Binance Futures, top traders are 64.3% long and 35.7% short. That gives a long/short ratio of 1.80, while retail traders are also mostly long at 62.1%.
Open interest fell 7.29% in 24 hours to about $984 million. A drop in open interest with a flat price usually means traders are closing positions rather than opening new ones.
The funding rate stands at 0.0100%, which is neutral. The taker buy/sell ratio is 1.0999, with about $350,000 in aggressive buys against $318,000 in aggressive sells.
Blockchain.news analyst Rebeca Moen laid out two possible paths for the next 14 days. She gives the bullish case a 55% chance and the bearish case 45%.
In the bullish case, SOL clears $122.49 on strong volume and holds above $123.53. That could send the price toward $128 to $130, while a failure to reclaim $122.49 within five sessions would cancel this view.
In the bearish case, SOL loses support at $120.20 and drops to the 20-day average at $116.31. A deeper move could reach $113 to $114, where the 26-day EMA sits, with a daily close below $118.95 confirming this path.
The analysis also noted that Bitcoin’s price moves over the next two weeks may decide SOL’s direction. Layer-1 tokens like Solana tend to follow broader crypto sentiment.
At 10:54 UTC, live data showed SOL at $120.69, down 0.02% on the minute chart.
Solana (SOL) maintained a stable position at $121.44 during intraday trading on October 5, fluctuating within a narrow range between $120.00 and $122.29. The digital asset showed a minor daily move of 0.28%, indicating subdued volatility in recent sessions.
Major averages point to upward trendSOL’s key moving averages all remain under the current spot price, with the 7-day average at $119.57, the 20-day average at $116.31, the 50-day at $105.66, and the 200-day at $86.16. These indicators are trending upwards, suggesting a constructive technical backdrop for the asset.
The fact that the 200-day moving average sits roughly 41% below the present price underlines the strength of SOL’s longer-term recovery.
Moving AverageLevel7-day$119.5720-day$116.3150-day$105.66200-day$86.16Traders eye resistance near $123A resistance zone between $122.49 and $123.53 continues to cap price action. Recent trades near the lower end of that range have met repeated rejections, keeping SOL below this threshold.
Technical indicators highlight mixed signals. The MACD histogram is at zero, while the relative strength index (RSI) stands at 65.58, indicating a moderately strong momentum level. The Stochastic %K registers at 71.68, crossing above %D at 57.35, which may suggest a slight near-term uptick.
On the Bollinger Bands gauge, the %B reading is at 0.70, with the upper band placed at $128.90. The daily pivot sits at $121.24, directly below current trading levels. Immediate support rests at $120.20, with further backing at $118.95.
Key LevelPriceResistance Zone$122.49 – $123.53Support Level$120.20 / $118.95Pivot Point$121.24Derivatives data and analyst outlookDerivatives metrics offer a mixed perspective. On Binance Futures, leading traders hold 64.3% long positions versus 35.7% short, giving a long/short ratio of 1.80. Retail traders are also positioned mostly long, at 62.1%.
Open interest declined 7.29% over 24 hours, falling to around $984 million. A drop in open interest alongside flat price activity is often associated with position closures rather than new entries. The funding rate remains at a neutral 0.0100%, while the taker buy/sell ratio is at 1.0999, with approximately $350,000 in active buys versus $318,000 in active sells.
Rebeca Moen, an analyst at Blockchain.news, outlined two probable scenarios for SOL’s price in the next two weeks, assigning a 55% likelihood to a move toward $128–$130 if SOL surpasses $122.49 and holds above $123.53. A rejection at these resistance levels within five days would invalidate this view.
The bullish scenario sees SOL taking out $122.49 on strong volume and maintaining above $123.53, potentially targeting $128 to $130. Should SOL fail to reclaim $122.49 soon, the outlook could shift bearish.
In the bearish scenario, losing support at $120.20 could prompt a slide to the 20-day average at $116.31, with a further decline possible toward $113–$114, the area of the 26-day exponential moving average. A daily close below $118.95 would confirm this downside move.
The analysis further noted that Bitcoin’s price performance in the upcoming two weeks could have a decisive impact on SOL’s trajectory, as tokens from layer-1 networks such as Solana often follow overall crypto market sentiment.
Solana is a leading layer-1 blockchain designed for high-speed, low-cost decentralized applications and remains a top asset by market capitalization in the broader crypto sector.
Mini dictionary: Open interest, in derivatives trading, refers to the total number of outstanding futures or options contracts that have not yet been settled. It is used to indicate the level of activity and liquidity for a given asset.
As of 10:54 UTC, live readings placed SOL at $120.69, marking a near-flat intraday performance.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) are flashing short-term sell signals as one prominent analyst points to a recent "Sunday pump, Monday dump" pattern.
Sunday Pump, Monday Dump?Crypto chart analyst Ali Martinez noted on Monday that Bitcoin’s Sunday rallies were followed by Monday pullbacks, while Sunday declines were followed by rebounds.
The pattern, which persisted from Aug. 29 through Sept. 28, puts another potential Monday pullback in focus.
Technical indicators back up the pattern:
The TD Sequential has flashed a sell signal on BTC’s four-hour chart. Each of the previous four comparable signals was followed by a price correction. Ethereum is showing the same four-hour sell signal, with its previous two signals followed by declines of 5.40% and 3.31%. Solana has also triggered a four-hour TD Sequential sell signal. Its previous three comparable signals preceded corrections of 2.44%, 5.76% and 5.30%. But Long-Term Targets Stay Bullish…While Martinez sees near-term correction risk, his longer-term technical outlook remains bullish for Bitcoin, Ethereum, and Solana.
Bitcoin’s two-year rising channel puts its previous high near $125,000 as the first major test, Martinez highlighted on Sunday. A decisive breakout could bring the channel’s upper boundary near $190,000 into focus as a potential cycle target.
Ethereum faces resistance near $5,000 on its longer-term channel, with a breakout potentially targeting $8,800.
Solana’s monthly chart, meanwhile, appears to be forming a cup-and-handle pattern.
A monthly close above the $295 neckline could strengthen the bullish case, with the pattern projecting a potential target near $2,750.
…As October Starts Stronger Than UsualOn Oct. 5, CryptoQuant data shows Bitcoin has outperformed during what has historically been October’s weakest three-day stretch.
Bitcoin slipped just 0.14% from Oct. 1 through Oct. 3, versus the historical average decline of 0.66%. It traded near $85,132 on Oct. 4, up 1.86% from September’s close.
The resilience follows a strong September, when Bitcoin gained 6.39% versus its historical average decline of 4.02%.
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