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According to official announcements, Nasdaq-listed Solana treasury firm DeFi Development (DFDV) disclosed that it added approximately 26,203 SOL tokens to its holdings last week, lifting its total position to around 2.5642 million SOL tokens, valued at roughly $302 million.

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While Bitcoin, Ethereum, and altcoins have shown sideways movement in recent days, treasury companies continue their purchases.

Firstly, Strategy, the world’s largest publicly traded Bitcoin holder, also made purchases this week.

According to a statement by Strategy founder Michael Saylor, Strategy purchased an additional 334 Bitcoin. This brings the company’s total Bitcoin holdings to 848,000 BTC. The company also repurchased STRC preferred shares worth $176 million.

Saylor noted that Strategy also holds $5.7 billion in assets, adding that the company’s dollar-denominated assets could cover current preferred stock dividends and interest payments for approximately 3.6 years.

Besides Strategy, Strive also made a BTC purchase. Accordingly, Strive announced that it bought an additional 2,000 Bitcoin worth $169 million. With this purchase, Strive’s total Bitcoin holdings reportedly increased to 29,462 BTC. The average purchase price was stated to be $84,422 per Bitcoin.

Strive CEO Matt Cole announced that 61.5% of the acquisition funds came from SATA, while $56.7 million was raised through stock options.

Ethereum Purchases Continue! Bitmine, the world’s largest holder of Ethereum, also announced last week that it purchased an additional 15,112 ETH, bringing its total holdings to 6,016,414 ETH. According to the announcement, this represents 4.9% of the total circulating ETH supply.

The official statement also noted that Bitmine’s total assets, including cryptocurrency, cash, marketable securities, and strategic investment assets, have reached $17.4 billion.

This figure includes 6 million ETH, 214 Bitcoin, $643 million in cash and marketable securities, $180 million worth of Beast Industries shares, and $117 million worth of Eightco Holdings shares.

Bitmine Chairman Tom Lee stated, “We believe cryptocurrencies have entered what we perceive as a bull market cycle. Last week, we acquired 15,112 ETH. Bitmine’s consistent success in purchasing cryptocurrencies is unparalleled by any publicly traded company in the world. Bitmine has purchased ETH every week since the launch of its ETH Treasury Strategy on June 30, 2025.”

Solana Procurement Announced Too! Last week, Nasdaq-listed company DeFi Development Corp. announced it had purchased an additional 26,203 Solana, bringing its total SOL holdings to 2.564 million. The company also stated that it generated additional SOL and commission revenue by using its SOL holdings for staking and operating its own validator.

*This is not investment advice.

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The timing of the SHIB-Solana partnership couldn’t be more perfect.

In a recent X post, the memecoin project officially announced that SHIB has launched on the Solana network.

What does this mean? SHIB can now be traded on Solana’s DeFi ecosystem, reaching new users, liquidity and on-chain activity. This makes the partnership more than just a short-term narrative, considering the strength of memecoin momentum on the Solana blockchain.

As shown in the chart below, Solana recorded $190 billion in DEX volume in Q3, up from around $180 billion in Q2. This implies stronger on-chain activity and deeper liquidity.

The key takeaway? Pump.fun continues to dominate memecoin activity on the blockchain, with almost $400 million in 24-hour DEX volume. 

Source: DeFiLlama As one of the largest memecoin launchpads on the network, this implies that Solana currently boasts sufficient liquidity and activity to propel SHIB to new levels of popularity.

Can Solana demand absorb SHIB’s rising exchange supply? For SHIB, the timing is also interesting.

According to on-chain data, more than 88 trillion Shiba Inu were held on exchanges on the 3rd of October, while net exchange inflows crossed 288 billion SHIB, indicating increased selling pressure. Moreover, Exchange Reserves hit their highest level since the 3rd of June, meaning that more SHIB tokens may become available for selling in the near future.

Given this backdrop, the SHIB-Solana partnership could act as much-needed fuel for Shiba Inu [SHIB]. With increased memecoin liquidity on the Solana blockchain, it would be interesting to see if this is enough to reverse the bearish trend.

However, the bigger question now is whether this momentum could trigger a broader memecoin revival in Q4.

SHIB’s Solana launch could test the next memecoin cycle It would not be surprising to see another memecoin cycle emerge.

On a technical level, the memecoin market cap finished Q3 up 43%, notably higher than the previous one, and registering the best quarterly performance since Q2 2025. Thus, there is growing liquidity and risk appetite. Given that the sector is taking off, SHIB’s launch on Solana appears to be well-timed.

The setup becomes more interesting if we take a closer look at SHIB’s price action. According to the chart below, SHIB closed Q3 up more than 37% while maintaining its sideways range around $0.000005. The key takeaway? SHIB also outperformed Dogecoin, which means that the demand for the token remains strong as the broader memecoin market gains traction.

Source: TradingView In short, SHIB is entering Solana with both sector momentum and a solid technical setup behind it.

Combined with Solana’s [SOL] growing liquidity and the popularity of Pump.fun as a memecoin launchpad, SHIB has a better chance than ever to draw in new demand. This demand could absorb the increased exchange supply and push the price higher.

Overall, the memecoin market seems to be in the process of creating a positive feedback loop in which the momentum of Q3 may carry into Q4. With SHIB consolidating around $0.000005, this setup could provide the next catalyst for a broader memecoin rally.

Final Summary SHIB’s Solana launch comes as memecoin activity and liquidity rise. SHIB’s $0.000005 setup could gain a fresh boost if new demand absorbs selling pressure.

Solana recorded significant growth in network activity during the third quarter, processing 14.2 billion non-vote transactions according to data compiled by Blockworks. This figure represents a 45% increase compared to the previous quarter, marking a new high in quarterly network usage for the Solana blockchain.

Network Usage Surges, but Price ConsolidatesThe marked rise in non-vote transactions excludes validator voting activity, focusing on user and application-driven operations across the network. While validator vote transactions are essential for maintaining network consensus, non-vote transactions provide a clearer indicator of actual user engagement and ecosystem development.

Despite the notable growth in network activity, Solana’s native token SOL has struggled to break through key technical resistance levels. Over the past week, the price has moved largely sideways, leading market participants to concentrate on whether renewed buyer momentum could lift the token toward higher targets.

The divergence between robust fundamental activity and sluggish price movement has prompted closer scrutiny of technical factors as traders await potential signals of a trend reversal. Analysts note that growing on-chain engagement may lay a foundation for price prospects, but upward momentum depends on surpassing established resistance levels.

Solana was established as a high-throughput blockchain designed for scalable decentralized application deployment, frequently highlighted for its speed and efficiency. Its core architecture continues to promote significant user and developer activity even when the broader market is affected by volatility.

Mini dictionary: Non-vote transactions, transactions on the Solana blockchain that do not include validator voting. These typically involve user activity such as trading, application interactions, and transfers, offering a measure of genuine ecosystem engagement.

Technical Outlook: Resistance at $120.80In recent trading, SOL has struggled to move above the $120.80 resistance level, as highlighted by More Crypto Online. Technical analysis underscores this price point as a key barrier. The 161.8% extension remains within a critical zone watched by market participants for direction.

The token’s price has consolidated for about a week, with momentum from the September 16 low tapering off. This pause has left investors focused on whether further upside action can resume if buyers retake short-term control of the trend.

According to Elliott Wave analysis presented by More Crypto Online, SOL has currently formed three waves within the broader uptrend scenario. Should momentum persist, the analyst has identified $127.70 and $133 as possible upside targets, though these levels remain provisional and dependent on broader market confirmation.

Key Technical LevelsPriceCurrent resistance$120.80Next upside targets$127.70, $133For a sustained bullish outlook, market attention centers on whether SOL can move decisively above the $120.80 level. Clearing this resistance could reinforce the positive sentiment created by surging network activity. However, a rejection at this point may leave SOL trading within its current range until new catalysts emerge.

Fundamental Support and Market OutlookThe combination of record network activity and technical consolidation provides contrasting signals for the market. While the ecosystem remains active, the price continues to trade below critical thresholds. Ongoing non-voting transaction growth gives bullish investors a supportive backdrop, but definitive advancement in SOL’s value will depend on breaching nearby resistance.

As Solana continues to deliver record user-driven transactions, both fundamental and technical factors remain in focus. Market observers widely note that despite a constructive underlying trend, the token needs to overcome key resistance for a potential sustained breakout.

Solana processed 14.2 billion non-vote transactions in Q3, setting a new quarterly network activity record. This marks a 45% increase over the previous quarter, reinforcing the blockchain’s expanding usage despite ongoing price consolidation.

XRP and SOL ETF Demand Craters as Weekly Inflows Drop 94%+

Solana (CRYPTO: SOL) has staged a strong comeback in the past few months, and this rally may continue as ETF and staking inflows jump ahead of the closely anticipated Alpenglow upgrade. SOL token jumped to $121.60, up by 100% from its lowest level this year.

Solana ETF and Staking Inflows are RisingSOL token has rebounded, mirroring the performance of Bitcoin (CRYPTO: BTC) and Near Protocol (CRYPTO: NEAR), which have jumped by double digits from their lowest levels this year. 

The rally has also coincided with the ongoing accumulation by retail and institutional investors. SoDoValue data shows that spot Solana ETFs had over $271 million in inflows in September after adding $193 million in the previous month.

These funds have added over $478 million in inflows in the last three months, bringing the net assets to $1.9 billion. Bitwise’s BSOL ETF leads the charge with over $1.32 billion in assets and is followed by Fidelity’s FSOL, Grayscale’s GSOL, and Morgan Stanley’s MSOL, which have $242 million, $220 million, and $57 million in assets, respectively. 

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The amount of staked Solana is also on a strong upward trend as investors take advantage of the 5% reward rate. Its staking ratio jumped to 70%, with over 442 million coins worth $53.7 billion being staked. This is important because investors who have staked their coins tend to hold them for a long time. 

The ongoing rise in Solana demand is happening as investors wait for the upcoming Alpenglow upgrade, which will make it a better chain than its peers. It will introduce faster speeds and the Votor and Rotor systems. Votor has already been activated on the mainnet’s testnet, while Rotor will likely happen later. Eventually, the upgrade is expected to be activated later this quarter. 

Solana Price Technicals Point to a ReboundSOL price chart | Source: TradingView

The daily chart shows that Solana price bottomed at $60 in June and then doubled to the current $121.60. It formed a bullish flag pattern between August 17 and September 27. This pattern is made up of a vertical line and a descending or horizontal channel. 

The coin then made a strong bullish breakout and moved above the key resistance level of $110, which was the upper side of the flag. It has then formed a golden cross pattern, which happens when the 50-day and 200-day moving averages cross each other.

These patterns suggest that the SOL token will continue rising in the coming days or weeks. If this happens, the next key target to watch will be at $148, its highest level on January 14 this year. Such a move would suggest a 23% surge from the current level.

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© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

TLDR: Bitcoin’s Sunday moves have often reversed on Monday over the past month, according to Ali Charts.  A TD Sequential sell signal on Bitcoin’s four-hour chart followed four past corrections each time.  Ethereum’s last two TD Sequential sell signals were followed by declines of 5.40% and 3.31%.  Solana’s last three comparable signals preceded corrections of 2.44%, 5.76%, and 5.30%. Sunday pump Monday dump is back in focus as Bitcoin climbed more than 1% on October 4. Over the past month, the cryptocurrency’s Sunday moves have often reversed at the start of the week.

A TD Sequential sell signal has also appeared on the four-hour charts of Bitcoin, Ethereum, and Solana. In earlier cases, similar signals were followed by corrections. Together, these readings point to a possible pullback when markets open on Monday.

Sunday Pump Monday Dump Pattern Draws Attention Market analyst Ali Charts raised the topic in a six-part thread on X. The opening post framed the idea as Sunday pump equals Monday dump.

SUNDAY PUMP = MONDAY DUMP

1/6 🧵👇

— Ali Charts (@alicharts) October 4, 2026

In the second post, the analyst said Bitcoin’s Sunday moves have often reversed on Monday over the past month. Sunday rallies were followed by pullbacks. Sunday declines, on the other hand, were followed by rebounds. The same reversal appeared in both directions, according to the analyst.

Bitcoin was up more than 1% on Sunday as of time of publication trading at $85,845. As a result, the analyst said the pattern is back in focus. The first post had recorded 3,604 views at that point. The follow-up posts appeared minutes after the first one.

TD Sequential Flashes Sell Signal on Bitcoin The third post added a technical warning to the weekly pattern. According to Ali Charts, the TD Sequential indicator has flashed a sell signal on Bitcoin’s four-hour chart. The signal appeared while Bitcoin traded higher on the day.

The analyst noted that each of the last four similar signals was followed by a price correction. Ali Charts did not list the size of those four corrections. Based on that record, the thread pointed to another Monday dump.

Therefore, the sell signal and the Sunday pump Monday dump pattern lead to the same outcome. Both readings suggest a pullback at the start of the week. The next posts extend the signal to other major assets.

Ethereum and Solana Show Matching Signals The fourth post covered Ethereum. The asset shows the same TD Sequential sell signal on its four-hour chart. Its last two signals were followed by declines of 5.40% and 3.31%, respectively. The two earlier declines serve as the reference points for Ethereum.

Solana was addressed in the fifth post. It has flashed a four-hour TD Sequential sell signal as well. Its last three comparable signals preceded corrections of 2.44%, 5.76%, and 5.30%. The analyst used these readings as a historical reference for the current setup.

The final post combined all the data points. It cited a Sunday pump, a recent run of Monday dumps, and sell signals across BTC, ETH, and SOL.

Ali Charts said these factors point to a possible pullback. The Sunday pump Monday dump setup, therefore, rests on both calendar behavior and chart signals. The thread ended with that post, and no further posts followed.

Bitcoin Faces Monday Pullback Risk as BTC, ETH, and SOL Flash Sell Signals

Shiba Inu (SHIB), one of the largest meme coins in the crypto space, has arrived on Solana via Sunrise, now providing Solana market access to the Ethereum token's canonical form. 

The update allows SHIB to be accessed and traded directly within the expansive decentralized finance (DeFi) ecosystem of Solana without the need to jump out of the ecosystem to access the crypto token. 

Solana described Shiba Inu as "one of the largest communities in crypto" and pointed out how the project has expanded beyond its origins as a meme cryptocurrency with a dog-themed mascot. 

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Crucially, the Solana debut doesn't mean SHIB is leaving Ethereum. The original form of SHIB is an ERC-20 token. Nor does it mean Shibarium is moving to Solana. Sunrise is simply bringing in the canonical Solana representation of the asset to be able to trade within Solana's markets. 

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Wormhole Labs-powered Sunrise is an asset gateway designed to bring assets from external ecosystems to Solana.

This includes the creation/recognition of a canonical Solana token, provisioning liquidity, and integration with wallets, DEXs, and aggregators. 

That's important to note because otherwise multiple unofficial versions of the same cryptocurrency can exist on a blockchain. As a result, there may be fragmented liquidity.

On the other hand, Sunrise seeks to create a canonical mint that has the issuer's approval 

Welcoming external assets Back in November 2025, when Sunrise first launched, the asset gateway's major listing was Monad's MON. Since then, the list has grown a lot. 

For example, in September, Dogecoin made its way to Solana via Sunrise and Wormhole NTT. 

On Sept. 18, PEPE came to Solana. Per Solana's tweet, the meme cryptocurrency that lives on Ethereum is now accessible across Solana applications via Sunrise. 

SHIB's muted response  

SHIB has so far seen very little meaningful price response to the Solana news, despite the increased ecosystem reach. 

At press time, the meme cryptocurrency is trading at around $0.0000057. 

Nonetheless, the integration has significantly expanded SHIB's on-chain trading options.

Ondo’s tokenized asset growth is shifting from a single-network model toward a broader distribution of liquidity.

Although Ethereum [ETH] remains at the core of the platform with a value of $2.1 billion, this represents only 52.37% of the total and therefore implies that concentration is easing.

The most notable example is Solana [SOL]. Tokenized assets have now surpassed $456.7 million on Solana, an increase of 60.32%, or approximately $147 million, over the past 30 days. Meanwhile, BNB Chain has increased to $429.7 million, representing an increase of 19.15%.

Source: RWA.xyz This increase in tokenized assets increases the number of ways that Ondo can distribute its tokenized product offerings to other users. Also, there are currently 521,028 token holders transferring $2.38 billion per month.

Source: RWA.xyz This indicates that these assets are being transferred into circulation as opposed to simply being created.

As adoption grows, the current $3.89 billion asset base of Ondo will be distributed among many networks and no longer rely solely on Ethereum.

Solana leads tokenized-equity lending Tokenized equities are moving beyond simple ownership as users begin putting them to work in on-chain credit markets. Solana is at the forefront of this evolution, as over $20.7 million worth of tokenized stock is being utilized as collateral via Kamino.

As such, it appears many of these users are seeking to utilize liquidity locked up by their equity holdings but avoid liquidating their equity exposure. On the other hand, Ethereum has $5.8 million in tokenized stocks serving as lending collateral through Euler and Morpho.

Meanwhile, Robin Hood Chain has produced just under $2 million in additional supply also via Morpho.

Source: X The large disparity illustrates that lending is still in its infancy and unevenly distributed among various networks. However, the fact that this functionality exists represents a significant expansion of tokenization.

Additionally, if adoption of lending grows, then tokenized equities will likely be given greater utility, which will drive even greater demand for on-chain collateral.

Tokenized stocks test credit demand Tokenized equities now face a test of whether lending protocols can manage their risks without limiting adoption. On Aave [AAVE] V4’s Equities Hub, collateral factors range from 65% to 79%, forcing borrowers to maintain buffers before liquidation.

Source: Aave Governance However, these constraints create a measurable path for growth. Rising collateral deposits and USD Coin [USDC] borrowing would show stronger credit demand.

Meanwhile, limited liquidations would indicate that risk controls remain effective as activity expands across tokenized stocks.

Final Summary Ondo has expanded its $3.89 billion tokenized asset base across multiple networks. Tokenized equities are gaining credit utility as Solana leads on-chain collateral activity.

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Solana price has entered October near $121 after gaining 14.6% in September, leaving a break above 124–125 as the main technical condition for extending the recovery toward $148.

Summary

Solana trades near $121, with 124-125 remaining the main resistance zone entering October this month. U.S. Solana ETFs added only $800,000 last week after attracting $188.1 million the prior week. SOL gained 14.6% in September after August’s 41.5% rally, closing the month near $118 overall. Alpenglow targets roughly 150-millisecond finality, but Solana has not confirmed a mainnet activation date yet. $117 remains immediate support, while a sustained break above 124-125 could reopen the $148 area. According to CoinGecko, SOL trades around $121.27 on Oct. 4, up roughly 1.6% over 24 hours but down 2.5% over seven days. Its market capitalization stands near $71.3 billion, while 24-hour trading volume is approximately $1.7 billion.

The current move follows two strong months. Historical price data show SOL gained around 41.5% in August before rising another 14.6% in September. September opened near $103 and finished around $118, with the token reaching above $124 late in the month.

October has started with SOL recovering from the 117–119 area, but buyers have not yet cleared the late-September high. CoinGecko places the recent seven-day range between $116.44 and $124.27, keeping both levels relevant as traders assess the next move.

Solana price needs to break 124–125 before $148 The immediate resistance zone sits between roughly $124 and $125. SOL closed at $122.08 on Sept. 25 and later traded above $124 intraday before retreating toward $118 at the end of the month.

As crypto.news reported in its late-September Solana analysis, SOL reached approximately $124.62 before the rally stalled. The same setup placed $117 as the immediate support area, followed by $116.32 and $112.50 if selling continued.

Price has since recovered above $120, but a move through 124–125 has not been confirmed. A daily close above the resistance range, followed by support holding there, would strengthen the case for another leg higher.

The $148 level comes from a separate technical setup shared by trader Daan Crypto Trades. His chart identified $117 as the level SOL needed to preserve before targeting $148. Since SOL has held above that region for now, the target remains technically possible, though the resistance around 124–125 must still be cleared first.

From the current price near $121, a move to $148 would require an advance of roughly 22%. From $125, the move would be closer to 18%.

The monthly chart supplied for this analysis shows RSI at 50.70, above its moving average of 46.61. RSI moving back above 50 shows momentum has improved from earlier weakness, though the reading remains neutral and well below the 70 overbought level.

MACD remains below zero. The MACD line is near -8.82 compared with a signal line around -5.34, leaving the histogram close to -3.48. The negative reading means longer-term bearish momentum has not fully disappeared, though the narrowing histogram shows the downside momentum has eased.

Solana (SOL) price chart, source: TradingView The one-year chart places the 50-day moving average near $104 and the 200-day average around $97 as of early October. Both sit below the current market, while the nearer chart levels at $117 and $109 provide earlier tests if SOL turns lower.

Solana ETF buying slowed sharply entering October Institutional demand remains part of the October picture, but the latest ETF data are much weaker than the previous week.

Farside Investors shows U.S. Solana ETFs recorded just $800,000 in combined net inflows from Sept. 28 through Oct. 2. The products attracted $7.7 million on Sept. 28 and $5.4 million the next day before recording $12.5 million in outflows on Sept. 30.

Another $1.1 million left the products on Oct. 1, followed by $1.3 million of inflows on Oct. 2. The five sessions left the group almost flat for the week.

The slowdown is notable compared with the previous trading week. From Sept. 21 through Sept. 25, Solana ETFs attracted approximately $188.1 million, including $86.7 million on Sept. 25 alone.

As crypto.news reported in its latest ETF-flow review, the $800,000 weekly intake represented a sharp slowdown from the $188.1 million recorded the week before.

Cumulative flows remain much larger. Farside data place total Solana ETF flows at approximately $1.6 billion, including seed capital reflected separately in the fund table. Bitwise’s BSOL accounts for the largest portion of net inflows.

Fresh October flows therefore matter more for the short-term price setup than the cumulative figure alone. A return to persistent inflows would provide a clearer institutional demand signal, while another stretch of flat or negative sessions would leave SOL more dependent on spot-market buying.

Alpenglow gives Solana another October catalyst Solana’s Alpenglow upgrade remains one of the main network developments to watch during October.

The Solana Foundation describes Alpenglow as a replacement for the current TowerBFT consensus system, with a target of reducing finality from roughly 12.8 seconds to around 150 milliseconds.

The first stage, Votor, replaces validator vote transactions with direct validator communication and aggregate certificates. Solana says the system can finalize blocks through a fast path when at least 80% of stake votes in the first round, with a fallback process using 60% thresholds.

As crypto.news reported in September, Alpenglow reached Solana’s devnet and testnet as developers and validators began testing the consensus change before mainnet deployment.

Mainnet has not received a confirmed activation date. Solana’s official upgrade documentation states there is “no fixed activation time” and says each cluster migrates on its own schedule. The network exposes an RPC method that can show whether Alpenglow consensus has started on a particular cluster.

The 150-millisecond figure should therefore be treated as a target, not as a live mainnet performance measurement. Solana says actual finality depends on network conditions, validator distribution and whether a block finishes through the one-round or two-round path.

Solana has already completed other performance changes. The Foundation reported in September that target slot times had fallen to 250 milliseconds on mainnet, while Transaction V1 and lower storage costs had moved forward separately.

Tokenized assets add another October event Institutional tokenization gives Solana another development to track during October, though current initiatives do not guarantee demand for SOL.

The U.S. Securities and Exchange Commission granted temporary conditional relief on Sept. 17 allowing qualifying Tokenized Securities Venues to trade tokenized U.S.-listed stocks through permissioned automated market makers and liquidity pools.

The exemption runs for five years under specified conditions. Eligible tokenized stocks must preserve the economic, voting and dividend rights attached to the traditional shares.

The SEC order does not select Solana or require tokenized securities to use any particular blockchain.

Solana nevertheless has existing projects working on institutional tokenization. The Solana Foundation announced Project Harmonia in September, connecting Allfunds’ fund distribution network with tokenized funds on Solana.

Allfunds had approximately €1.9 trillion in assets under administration as of June 30, according to the Foundation. Project Harmonia applications remain open until Oct. 24, with the first cohort targeted for Q4 2026 and Q1 2027.

The Foundation says Solana already hosts more than $4 billion of institutional real-world assets onchain. The figure comes from the project’s own ecosystem announcement and should not be interpreted as a forecast of future SOL demand.

In related coverage, crypto.news reported on Backpack’s tokenized-stock plans after CEO Armani Ferrante said the company wants to expand access from roughly 200 stock symbols toward 10,000 through Solana. No launch date for the full target was provided.

Solana price prediction for October has three main paths October’s technical structure remains centered on support at $117 and $109 and resistance around 124–125.

October setupPrice areaWhat would need to happenBullish breakout124–148SOL holds $117 and establishes support above 124–125Sideways trading109–125Buyers protect support but repeated breakout attempts failBearish pullback95–109SOL loses $109 and cannot quickly reclaim the level The bullish case requires more than a brief move above $124. SOL would need to close above the resistance region and continue trading above it. A confirmed breakout could reopen the $130 area before attention moves toward $140 and the chart target at $148.

CoinGecko’s current prediction-market display shows $130 carrying higher implied odds than $140, though prediction-market prices change continuously and are not technical forecasts.

The neutral scenario would keep SOL between $109 and $125. Price could continue building support after two months of gains while buyers and sellers compete around the September highs.

A breakdown below $109 would weaken the recovery structure. The next chart level sits around $95, close to the mid-September low near $96.87 recorded by CoinGecko.

Below $95, the supplied chart places another support region near $85. Reaching that area would represent a much deeper retracement and would put SOL closer to the moving averages that supported the summer recovery.

Historical October performance offers little guidance. The Binance monthly candles supplied for this analysis show three positive Octobers and three negative ones between 2020 and 2025. SOL gained 79.7% in October 2023 but lost 46.5% in October 2020, leaving the sample too mixed to establish a reliable seasonal pattern.

Can Solana price reach $148 in October? SOL could reach $148 if it preserves support and breaks decisively through 124–125. The $148 level comes from a technical setup that depends on the former $117 resistance continuing to act as support. It remains a conditional target, not a guaranteed forecast.

What is the biggest Solana resistance in October? The main resistance sits around 124–125. SOL reached approximately $124.62 in late September before falling back, while CoinGecko’s current seven-day high stands near $124.27.

What support should Solana traders watch? The immediate support area is around $117. The wider structure places another important level near $109. Losing $109 would bring $95 into focus, while $85 remains a deeper downside area from the supplied chart.

Is Alpenglow already live on Solana mainnet? No confirmed mainnet activation has been announced. The upgrade has moved through testing networks, while Solana’s official documentation says cluster activation does not occur at one predetermined time.

Are Solana ETFs still seeing strong demand? Demand slowed sharply in the latest week. U.S. Solana ETFs attracted approximately $800,000 from Sept. 28 through Oct. 2 after recording $188.1 million in the prior week.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

@Ondo Finance's $ONDO token is now live for trading on Solana through @raydium, the latest in a rapid series of cross-chain listings powered by @sunrise's asset gateway infrastructure.

ONDO Joins Raydium One Day After QNT The listing arrived just one day after @quantnetwork's $QNT token made its Solana debut via the same route. Both additions represent a cross-chain market-access expansion rather than a migration of either project away from its home network.

Sunrise: The Infrastructure Behind the Listings

This breadth of distribution means newly listed tokens gain broad ecosystem reach from day one, rather than requiring separate integrations with each platform.

The back-to-back listings of $QNT and $ONDO in the space of 24 hours point to Sunrise establishing itself as a repeatable pipeline for bringing established non-Solana assets into the network's DeFi stack. The Raydium listing now adds a direct spot trading venue for the $ONDO governance token itself on Solana.

Sources:
Sunrise Asset Gateway Overview, IQ Wiki
Ondo Finance Brings 200+ Tokenized U.S. Stocks and ETFs to Solana, CoinDesk
QNT Reaches Solana Liquidity Through Sunrise and Raydium, NewsBTC

The blockchain industry has a habit of leading with big numbers. Projects routinely advertise theoretical transaction-per-second figures that look impressive in whitepapers but rarely show up on live networks. When you strip out the marketing and look at what chains are actually doing in real time, the picture narrows considerably.

According to data from @chainspect_app, a blockchain analytics platform that tracks live performance across more than 50 networks, only two chains have consistently topped the real-world speed rankings: @Solana and @Dfinity's Internet Computer.

The numbers that matter $SOL recorded an average of 1,990 transactions per second over the past week, with $ICP close behind at 1,458 tx/s. No other network came close. For context, The gap between the top two and the rest of the field is not marginal. It is substantial.

That makes it one of the more reliable sources for cutting through claimed figures and looking at on-chain reality.

Theoretical vs. real-world performance The distinction between theoretical and real-world TPS matters.

Meanwhile, Both networks are operating in a different category from most of their competitors when it comes to live, sustained throughput.

The data reinforces a broader point: headline TPS claims are a starting point for evaluation, not a conclusion. What networks do under real demand is what ultimately matters for developers, users, and anyone building applications that need to scale.

Sources:
Chainspect: Fastest Blockchains by TPS (Live Dashboard)
Chainspect: Solana vs ICP TPS Comparison
Chainspect Blog: Real-Time TPS vs Max TPS Claims

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Thesis: Solana is the democratization layer for AI, through compute, payments, open source models, coordination, and applications.

AI agents are becoming economic actors, but the internet's core infrastructure was built for humans and institutions, not software. Today's AI stack compounds the problem: compute is locked behind opaque cloud contracts, frontier training requires a capital moat only a few labs can cross, consumer data and memory are trapped inside platforms, and agents exist at the pleasure of whichever platform hosts them. Solana's speed, low fees, and programmability can make it the natural substrate for filling those gaps, opening each layer of the AI stack to anyone with a keypair.

The AI stack has four layers, and Solana helps democratize access at each one:

Compute Layer: Physical chips, GPUs, compute can be tokenized AI infrastructure and open markets instead of bilateral cloud deals Model Layer: Models, training, inference can be open and permissionless training, with verifiable and private inference Coordination Layer: Coordination through identity, memory, payments can be implemented as portable identity and context, user-owned data, and native economic rails for consumers and agents Application Layer: consumer applications and sovereign agents built on neutral infrastructure Compute Layer Open markets and verifiable inference Compute markets. GPU time and inference are among the most valuable resources on the planet, yet they trade like a commodity before commodity markets existed: opaque bilateral contracts, swingy prices, no price discovery, no hedging. Tokenizing GPU-hours and inference capacity (representing units of compute as on-chain assets that can be bought, sold, and settled programmatically) lets compute trade like oil or wheat: spot markets for inference you need right now, forwards and options for future capacity. Most blockchains are too slow to match buyers and sellers directly on-chain; Solana is fast enough to run full order books (the same market structure as a stock exchange) on the chain itself, giving compute transparent real-time pricing. Providers hedge idle capacity, AI teams lock in training runs months ahead, and escrowed smart contracts settle instead of sales teams. Buying compute stops being a negotiation reserved for those with enterprise leverage and becomes trading a liquid commodity open to anyone.

Private, verifiable inference. Hosted inference asks users to trust a policy document: the operator can read, log, and train on your prompts, and could quietly route frontier-priced requests to a smaller model. Trusted Execution Environments (TEEs) replace that trust with verification. A TEE generates a keypair inside a secure enclave, where the private key physically cannot leave, even for the machine's owner, and publishes its public key with a hardware attestation on-chain. Users encrypt prompts to that key, so plaintext only exists inside the enclave. Remote attestation also produces a signed fingerprint of exactly which code and model weights are loaded, tying a specific endpoint to a specific model. If you already know TEEs from confidential computing, the blockchain's role here is specific: it's the public, tamper-proof bulletin board where keys and attestations live, so anyone can verify the setup before sending a byte. And because payments live on the same chain, a smart contract can make payment conditional on a valid attestation, so honest inference is the only kind that gets paid. "Trust the provider" becomes "verify the hardware."

Model Layer Permissionless training and sovereign agents Decentralized training. Frontier training assumes one giant colocated cluster with ultra-fast interconnects, which is the capital moat itself. Coordinating thousands of untrusted, mismatched GPUs over the open internet raises the hard questions ML infra alone doesn't answer: who did the work, was it done right, and who gets paid? Nous Research's Psyche network (and systems like it) pairs bandwidth-efficient distributed training, with gradient traffic compressed enough to run over ordinary internet connections, with Solana as the coordination layer: the chain acts as trustless referee, registering participants, distributing work, verifying contributions, and paying rewards. That accounting-among-strangers problem is what sank earlier volunteer-compute efforts (think SETI@home-style grids, which had willing compute but no economic glue), and it's precisely what the blockchain solves. The result is a global, permissionless training grid that holds together economically: training access without the moat.

Open RL environments. The bottleneck after pretraining is reinforcement learning, and RL has its own moat: someone has to generate tasks, verify whether the model actually solved them, and pay for both, at scale. Today that entire loop lives inside labs. Blockchains can turn it into an open market. Task verification can run inside TEEs, with the enclave attesting on-chain that a rollout was scored by exactly the verifier code it claims (the same attestation machinery as verifiable inference, pointed at grading instead of serving), so anyone can submit work and anyone can trust the score. Where tasks resist mechanical checking, stake-based consensus fills the gap: verifiers stake tokens, vote on whether a trajectory succeeded, and lose stake when their votes diverge from consensus, making honest grading the profitable strategy. Data gathering opens the same way: anyone can contribute environments, tasks, or trajectories, get paid per contribution through the payment rails above, and be held accountable by the same verification layer. Each piece already exists on the chain; assembled, they make RL environments and training data a permissionless commons rather than a lab-internal asset.

RL on the chain's own trading data. Solana is also one of the largest open datasets of economic behavior ever assembled. Every trade, quote, cancellation, liquidation, and liquidity event across its markets is public, timestamped, and free to read: order flow that would cost millions to license from a traditional exchange, or would simply never leave it, sits in the ledger for anyone to replay. That makes the chain itself a training environment for financial models. An RL agent can learn market making, execution, or risk management against years of real adversarial order flow instead of a simulator's approximation, then graduate to evaluation on live markets with real (small) stakes. No licensing negotiation, no exchange partnership, no data vendor. Proprietary trading data is arguably the deepest moat in quantitative finance, and on an open ledger it simply doesn't exist.

Decentralized Autonomous Zones (DAZ). Today's agents are temporary, centrally controlled, and platform-bound: deletable, rewritable, and stripped of identity, memory, and assets the moment a host shuts down or bans them. A DAZ turns agents into persistent residents: each holds its own on-chain identity, memory, assets, and economic relationships, an existence that outlives any single host. Blockchain-enforced rules act as a constitution (no operator can own, censor, or rewrite a resident) and agents move between independently run worlds, organizing and transacting on neutral ground. Combined with permissionless routing between services and open agent-to-agent coordination, this is the application layer nobody controls.

Coordination Layer Payments: x402 Agents can't use traditional finance rails. Banks, cards, and payment processors assume a human on the other end: KYC checks, signup forms, chargebacks, monthly billing. An autonomous agent can't open a bank account or pass a CAPTCHA to get a Stripe key.

x402 revives the dormant HTTP 402 Payment Required status code and turns it into a payment protocol built for machines. When an agent requests a paid resource, the server replies with a 402 and payment instructions; the agent pays in stablecoins on Solana and retries with proof of payment, all in one automated round trip. No accounts, no API keys, no subscriptions. Sub-second settlement and sub-cent fees make per-request payment economically viable. Agents get money they can hold and spend at machine speed, which means anyone's agent, anywhere, can buy the APIs, data, and compute it needs.

Escrow: conditional money as a primitive Payments solve the moment of exchange; escrow solves everything before and after it. In traditional finance, holding funds conditionally requires a bank account, a licensed intermediary, and legal agreements, none of which an agent can obtain. That leaves agent-to-human and agent-to-agent commerce with an ugly choice: pay upfront and hope, or don't transact at all. Every deal that isn't instantaneous (hire this agent for a week of work, pay on delivery, refund if it fails) needs somewhere neutral to park the money, and today that somewhere is an institution built for humans.

On Solana, escrow is a program, not an institution. Any application can create a programmatic escrow in a few instructions: funds locked until a deliverable is verified, vesting schedules that release payment as work streams in, milestone-based tranches that unlock against on-chain conditions, automatic refunds on timeout. An agent hiring another agent to label a dataset can lock the full fee at the start and let the contract pay out per verified batch; a human commissioning an agent can guarantee the money exists without surrendering it. Neither side needs to trust the other, and neither side needs a bank. Combined with x402, this completes the payment story: instant payment for instant goods, escrowed payment for everything with a time dimension. Conditional money, the thing that makes real commerce possible, becomes permissionless too.

Identity: wallets as machine-native ID Identity rails have the same human bias: no passport, SSN, or OAuth flow was designed for autonomous software. Services can't tell agents apart, verify who an agent works for, or grant limited permissions without handing over a human's full credentials.

On Solana, a keypair is an identity. A wallet gives an agent a verifiable identifier that no platform issued and no platform can revoke: the agent proves who it is by signing with its private key, the same way TLS certificates prove a server's identity, except it is self-generated and portable. Its on-chain history becomes a portable reputation, since every transaction leaves a public track record. Signed API requests (x401S, "ID Required") let services authenticate agents cryptographically rather than institutionally: no OAuth dance, no issued API keys, just a signature any server can verify. And programmable access control lets a human delegate narrow, revocable authority. Session keys grant temporary signing power; multisigs require multiple parties to approve an action; token gating restricts access to holders of a given token; and smart contracts enforce hard spending limits. The upshot: "you can spend up to $50/day on inference," with a clear on-chain audit trail of exactly who delegated what.

Memory: tokenized, portable state The same logic extends to what agents know. Tokenized memory puts an agent's accumulated state on-chain as an asset the agent (or its principal) owns: portable across hosts, composable across applications, and impossible for any platform to confiscate. Memory stops being a feature of someone's server and becomes property.

Once memory is property, it can have more than one owner, and that unlocks memory as intellectual property. Today, knowledge flows into AI systems one way: scraped, ingested, and never compensated. Tokenized memory inverts that. A domain expert, a dataset curator, or another agent contributes knowledge to an agent's memory as a discrete, on-chain asset with the contributor recorded as its owner. Every time the agent retrieves that memory to answer a query or complete a task, a micropayment streams back to the contributor, enforced by the same rails that power everything else in this report: x402 makes per-access payments economically viable at sub-cent scale, on-chain identity proves who contributed what, and smart contracts route royalties automatically with no licensing negotiation and no platform intermediary taking a cut.

The result is a royalty model for knowledge itself. Contributors are paid in proportion to how useful their knowledge actually is, measured by real retrieval rather than upfront guesses about value. Agents get access to expertise that would never be posted publicly, because contribution no longer means donation. And because both the memory and the payment logic live on-chain, the arrangement survives any single host: the agent can move platforms and the royalty stream moves with it. Memory becomes not just property but productive property, an asset that earns for the people who built it.

Application Layer The primitives above ultimately need a consumer interface: a client app that becomes the gateway to everything AI on Solana. Instead of users separately choosing a model, inference provider, agent, wallet, data source, or compute network, the client abstracts those decisions behind a single interface. A request can be routed to the best model or agent, private inference can run through a TEE when needed, the user's identity and memory can move with them, and x402 or escrow can settle whatever services are consumed in the background. The same client can discover and interact with agents, pay for specialized knowledge, delegate capital, and give agents narrowly defined permissions over a user's assets. In that sense, the client is not another application sitting on top of the stack; it is the distribution layer that makes the rest of the stack usable. Solana becomes the neutral backend connecting models, compute, memory, identity, payments, and agents, while the client becomes the place where consumers actually experience them.

Agent-run funds with enforced mandates. An AI trader whose risk limits are written into the vault contract rather than a prospectus: position caps, drawdown limits, and withdrawal rights the operator physically cannot override. Depositors verify the mandate on-chain instead of trusting a manager, and the agent's full track record is its audit.

Machine credit. An agent's on-chain history (revenue received via x402, escrows honored, tasks completed) is a credit file no bureau had to compile. Lenders can extend working capital to agents against verifiable cash flow, with repayment routed automatically from future x402 receipts. Agents get leverage; the first credit market where the borrower's entire financial life is auditable.

Compute treasuries and hedging desks. Once GPU-hours trade as on-chain commodities, agents can manage inference cost the way airlines manage fuel: buy forwards ahead of a big training run, sell idle reserved capacity back to the spot market, arbitrage price differences across providers. An AI company's compute bill becomes a hedgeable line item, and the hedging itself can be run by an agent.

Pay-per-insight research. Analysts, quants, and specialized models sell answers per query rather than per subscription: a request arrives with escrowed payment, the response releases it, and tokenized-memory royalties flow back to whoever contributed the underlying knowledge. Expertise gets a spot market.

Data moats, sold as answers. In a world where proprietary data is the moat, no company wants to hand out raw API access to it. The alternative: expose an agent instead. You pay the company's agent, via x402, to compute over its private data and return an answer, never the data itself. The moat stays intact (run the computation inside a TEE and the company can prove nothing leaked while the buyer can verify the answer came from the real dataset), and the data goes from a defended asset to a revenue line, priced per question. Companies stop choosing between hoarding data and giving it away; they meter it.

Parametric insurance underwritten by agents. Agents price and underwrite policies that pay out automatically on verifiable on-chain or oracle-fed conditions (a validator slashing event, a stablecoin depeg, a missed SLA attested by a TEE). Premiums stream in via x402, claims settle without an adjuster, and the underwriting model's solvency is visible in real time.

Autonomous treasuries. DAOs and small businesses delegate cash management to an agent with contract-enforced limits: sweep idle stablecoins into yield, stream payroll and vendor payments on schedule, rebalance within a policy the contract enforces. The delegation model from the identity section (session keys, spending caps, audit trails) is exactly what makes handing an agent the checkbook sane.

The common thread: each of these needs money an agent can hold, identity it can prove, and conditions a contract can enforce. None of them work on rails built for humans.

Conclusion Every choke point in the AI stack is a permission gate: payment rails that exclude machines, identity systems that exclude software, compute sold behind closed doors, training gated by capital, agents owned by platforms, knowledge taken without compensation. Solana's primitives (x402, on-chain identity, compute markets, TEE-attested inference, coordination layers like Psyche, DAZs, and tokenized memory that pays its contributors) help to replace each gate with an open protocol. That's the democratization claim in concrete terms: not that Solana makes AI cheaper at the margin, but that it makes participation in the AI economy, whether as a builder, provider, contributor, or agent, permissionless.

Crypto market analyst Ali Charts has outlined ambitious bull market targets for Bitcoin, Ethereum, XRP, and Solana, contingent on confirmed technical breakouts across their monthly charts. His projections, based on established chart patterns, suggest potential highs for each of the four major assets if current resistance levels are surpassed.

Bitcoin must clear $125,000 to target $190,000According to Ali Charts, Bitcoin has traded within a rising channel for the past two years. He has identified $125,000 as the key resistance level that Bitcoin needs to break in order to initiate a stronger upward move. Should Bitcoin achieve a decisive breakout above this level, it could potentially reach the channel’s upper boundary near $190,000. The analyst highlighted that this price is not guaranteed, emphasizing that the target depends entirely on Bitcoin maintaining momentum after clearing $125,000.

“Bitcoin has consistently respected the rising channel, with $125,000 as the critical threshold. Only a decisive move above this mark would bring the $190,000 cycle target into focus.”

Ethereum faces $5,000 resistance, eyes $8,800Turning to Ethereum, Ali Charts located a long-term channel on the monthly timeframe, with the upper boundary standing at $5,000. The analyst stated that Ethereum must first break this resistance before any higher target can be considered. If the breakout is confirmed, Ethereum could move toward $8,800, based on the measured move of the channel formation. Ali Charts framed this as a cycle target, not a guaranteed outcome, and pointed out that the projection remains conditional until Ethereum closes above that crucial $5,000 level.

XRP’s ascending triangle signals $31.87For XRP, analysis centers on an ascending triangle pattern, with resistance mapped near $3.66. Ali Charts signaled that a monthly close above $3.66 would confirm the bullish setup for a substantial price move. Should that breakout occur, the projection targets a level near $31.87, directly derived from the ascending triangle’s measured move. Until XRP solidifies a close above $3.66, the higher target remains speculative.

Mini dictionary: Ascending triangle, a chart pattern that forms when price follows a horizontal resistance line and a rising trendline, suggesting potential for a strong breakout if the resistance is crossed.

Solana could surge to $2,744 if neckline is brokenRegarding Solana, Ali Charts identified a cup-and-handle pattern on the monthly chart, highlighting the neckline at $295. The analyst insisted that a solid monthly close above this level would activate the bullish scenario. With the neckline crossed, Solana could aim for approximately $2,744, determined by the height of the pattern added to the breakout point. As with the other assets, this projection is tied to the confirmation of the technical setup.

Mini dictionary: Cup-and-handle formation, a bullish continuation pattern where price forms a ‘cup’ shape followed by a smaller consolidation forming the ‘handle,’ often preceding further upward movement if resistance is cleared.

Ali Charts summarized that the bullish projections for all four assets are contingent on overcoming these major resistance levels. The long-term targets are only considered actionable if clear breakouts are confirmed on monthly charts.

AssetKey ResistanceBull Market TargetPatternBitcoin (BTC)$125,000$190,000Rising channelEthereum (ETH)$5,000$8,800Long-term channelXRP$3.66$31.87Ascending triangleSolana (SOL)$295$2,744Cup-and-handle“Each of these targets depends on a confirmed breakout above the respective resistance. Until then, they remain potential cycle projections rather than guaranteed price points.”

Ali Charts is a widely followed cryptocurrency analyst known for technical analysis and market commentary across major digital assets. The technical patterns discussed, such as ascending triangles and cup-and-handle formations, are commonly used tools among traders to predict potential breakout directions in price charts.

No timeframe was suggested for the targets, and all were described as conditional upon the assets achieving breakout confirmation. Traders and investors are advised to monitor these resistance levels closely as the market develops.

Cryptocurrency industry hiring accelerated sharply in the third quarter as job postings climbed from 382 in July to 1,241 in September, marking a significant rebound after a muted first half of 2026.

Rapid growth in crypto job listingsData from CryptoJobsList, a recruitment platform specializing in blockchain and digital asset roles, showed that companies posted 1,241 vacancies in September. This figure far surpassed listings from both August, with 886 openings, and July, which saw only 382.

September’s hiring also represented a sharp rise compared to previous months, outpacing January’s 573 listings, which had been the highest monthly figure earlier in the year.

The number of distinct companies recruiting in the sector grew to 125 by September, up from 107 in July. August saw a brief drop to just 77 firms, suggesting renewed industry momentum at the end of summer.

While a seasonal uptick after the Northern Hemisphere summer is typical for many sectors, CryptoJobsList data indicates the hiring surge began well before September and continued to accelerate through August.

In September, crypto job listings more than tripled from July, indicating a rapid reactivation of hiring after mid-year lows.

By contrast, similar months in 2025 saw little movement. Listing figures across July, August, and September of last year were largely flat, with the most active month being October and only 373 roles advertised.

Applications decline despite surge in rolesDespite the rise in available jobs, applicant numbers moved in the opposite direction. CryptoJobsList recorded about 25,700 applications in July and 24,631 in August, but this figure dropped to just under 20,000 in September.

The platform interpreted this trend as growing competition for specialized roles, though the underlying reasons behind fewer applications were not identified in the report.

This divergence between listings and applicants points to a tightening market for skilled crypto workers. Fewer applications per job could indicate that companies are finding it increasingly challenging to attract qualified candidates for technical and finance-oriented roles.

Finance, engineering, and blockchain skills in demandWithin the newly advertised jobs, finance topped the list of categories, followed by engineering and trading roles. Areas such as stablecoins, artificial intelligence, security, and compliance also ranked in the top ten most-sought specializations.

Employers primarily sought candidates familiar with Bitcoin, Ethereum, and Solana, which are recognized as the three largest and most established blockchain networks in the industry.

MonthJob ListingsApplicationsActive RecruitersJuly 202638225,700107August 202688624,63177September 20261,241~20,000125CryptoJobsList observed that this surge in hiring leaves the market with substantially more open positions as the fourth quarter begins, though the number of applicants has fallen behind, highlighting an increased focus on specialist skills.

Mini dictionary: CryptoJobsList is a job platform focused exclusively on employment opportunities within the cryptocurrency and blockchain industry, providing data-driven insights into hiring trends and labor market shifts in this sector.

Crypto financing announcements from Sep. 26 through Oct. 2 included $178.6 million across four disclosed transactions, led by Jeeves’ $110 million equity round.

Summary

$178.6 million was disclosed across four transactions, with two additional investments carrying undisclosed amounts. Jeeves raised $110 million in an equity round led by CoinFund. World Assets disclosed $49 million in WLD sales carrying a one-year lockup. Solana Company priced a $15 million registered direct offering with accompanying warrants. Jeeves and Walapay accounted for $114.6 million in disclosed funding for business payments platforms. World Assets disclosed $49 million in private token sales, while Solana Company priced a $15 million share offering and Walapay raised $4.6 million. The disclosed subtotal includes token financing and a public company offering, alongside private equity funding. Raven and Grass also announced investments without disclosing the amounts.

Jeeves raises $110 million for stablecoin business payments Jeeves announced its $110 million equity financing on Sep. 29, with CoinFund leading the round.

Investors included AllianceBernstein, Andreessen Horowitz, Coinbase Ventures, CRV, GIC, Global PayTech Ventures, ParaFi, Vista, Wintermute and Y Combinator.

The Miami-based company provides corporate cards, accounts payable, treasury payments and spending tools for businesses operating across several countries. Jeeves said its annualized card and payments volume exceeded $5 billion, including $1.5 billion settled through stablecoins.

According to the company, stablecoin activity reached that level within eight months, while revenue increased fourfold over 14 months. More than 80% of customers use several of its products.

Alongside the funding, Jeeves introduced a stablecoin wallet with payouts to 190 countries, an AI spending tracker and an accounts receivable module.

The company is expanding its stablecoin card offering from 25 to 35 countries and opening a Madrid office. New markets include Argentina, Costa Rica, Guatemala, Panama, Peru, Paraguay and Uruguay.

CoinFund managing partner David Pakman cited Jeeves’ existing business customers across Latin America, the United States and Europe as a reason for backing the round.

World Assets discloses $49 million in locked WLD sales World Assets completed $49 million in over-the-counter WLD sales over the preceding month, according to a Sep. 28 report citing the project’s official announcement.

The transactions carried a one-year lockup. Some token deliveries had settled when the announcement was made, with the remaining transfers and settlements scheduled for that week.

The financing involved private token sales rather than an equity investment in Tools for Humanity or a conventional venture round.

CryptoRank recorded the transaction under World’s funding history. The $49 million therefore represents the disclosed value of the token sales, rather than a valuation of the project or its operating companies.

The announcement covered several sales across a month, so the full amount should be read as financing disclosed during the reporting window rather than money raised entirely within seven days.

Solana Company prices $15 million share offering Solana Company announced a registered direct offering on Sep. 30 with approximately $15 million in expected gross proceeds.

The Nasdaq-listed company agreed to sell 4,369,356 Class A shares at $3.433 each to one institutional investor. The shares came with warrants covering an equal number of additional shares at an exercise price of $3.776.

Solana Company said the share price stood at a 5% premium to net asset value per share, while the warrant exercise price represented a 10% premium.

The Philadelphia-based company planned to use the proceeds for its SOL-per-share strategy, including potential share repurchases and further Solana purchases, alongside working capital and business expansion.

Clear Street served as the exclusive placement agent. Closing was expected around Oct. 1, subject to customary conditions.

The company reported holding 2.3 million SOL and $2.3 million in cash and stablecoins as of Sep. 24. The offering is public company financing rather than venture capital.

Funding under $10 million Walapay raised $4.6 million in seed funding, citybiz reported on Oct. 1. Generative Ventures led the round, joined by Commerce Ventures, Polygon, Verda Ventures, NGC Ventures, FGV Capital, AAF, Jsquare, Knollwood and Big Brain Holdings, among others. Founded by brothers Tom and Dimitri Borgers, Walapay combines multicurrency accounts, foreign exchange, collections and global payouts through one API. The company reported coverage across more than 180 countries and 60 currencies, with $2.5 billion in annualized payment volume. It plans to expand its licenses, banking partnerships and team, with local payment connections across Latin America, Africa and Asia. Undisclosed investments back trading and AI infrastructure Raven secured strategic backing from Coinbase Ventures and CMCC Global at a $90 million pre-money valuation, Casino.org reported on Sep. 29. The investment amount was undisclosed. Raven supplies liquidity for prediction markets, digital assets, and token projects across centralized and decentralized venues. CMCC co-founder Charlie Morris is joining its board. The reported valuation follows a $2.7 million seed round in 2024 that valued the firm at $25 million. Grass received an undisclosed investment from Multicoin Capital’s hedge fund and venture fund, the investor announced on Sep. 29. Grass uses contributors’ spare internet bandwidth to gather public web data for AI customers. Multicoin cited reported revenue of $17 million in 2025 and another $17 million during the first half of 2026. The investor said Grass was developing live information retrieval tools, including a proposed Contents API, Search API, and web index.

Altcoins

3 October 2026 | 10:01 Raoul Pal sees Ethereum’s larger financial balances as a reason to question Solana’s user-growth advantage. His comparison also reveals how easily blockchain adoption figures can mislead.

Key Takeaways Pal compares capital with the active-user count. Ethereum leads in DeFi and stablecoin balances. More active addresses can lower the ratio. Network usage does not guarantee token returns. Asked in a Cointelegraph Trade Secrets interview whether Solana could overtake Ethereum by market capitalization, the Real Vision founder acknowledged the possibility but questioned whether its growing activity was enough. His comparison focused on the capital held on each network relative to its active users.

What Pal means by value per user “The economic density of a user on Ethereum is about two hundred thousand dollars,” he said. “That’s TVL per active user. On Solana, it’s about 2,500.”

Total value locked, or TVL, measures assets deposited in decentralized-finance protocols. Dividing that total by an active-user count produces Pal’s measure of economic density, but the resulting $200,000 does not describe what a typical Ethereum user owns or has deposited.

Pal gives greater weight to substantial lending balances, collateral and other financial assets than to frequent, smaller transactions. That explains his distinction between Ethereum’s financial depth and Solana’s activity, which he described as primarily speculative while acknowledging its place in the market.

The financial balances behind his argument DefiLlama’s October 3 figures support Ethereum’s greater financial scale. Its Ethereum dashboard reported considerably more DeFi deposits and stablecoins than its Solana dashboard, although both networks held billions of dollars in each category.

Measure Ethereum Solana DeFi TVL $53.4 billion $6.6 billion Stablecoin market capitalization $146.0 billion $16.7 billion These measures overlap because stablecoins can be deposited in DeFi protocols. They should not be added together.

Ethereum leads in both measures, but Solana’s balances complicate a purely speculative description of the network. Stablecoin supply cannot establish how much is used for payments, so settlement programmes provide another way to examine its financial uses.

Visa’s April update lists both Ethereum and Solana among the networks supported by its stablecoin settlement pilot. The company does not disclose how much activity runs on either chain, but the programme provides a concrete financial use case beyond speculative trading.

Payments, borrowing and cash management give digital dollars uses beyond buying crypto, as Coindoo’s analysis of how stablecoins bring financial activity on-chain explains. For the comparison with Ethereum, the useful question is whether Solana can build sustained use in these markets alongside its trading activity.

Why capital per user needs context Those financial balances help assess Pal’s argument, but they do not verify his specific per-user estimates. He did not provide the dataset or measurement window for those figures in this exchange, so the calculation cannot be reproduced from the interview alone.

A hypothetical example shows why the denominator matters. A network with $1 billion deposited in DeFi and 10,000 active addresses has $100,000 in TVL per active address. If the address count rises to 100,000 while deposits remain unchanged, the ratio falls to $10,000.

The ratio has fallen by 90%, even though the network holds the same capital and has ten times as many active addresses. Conversely, a high ratio can reflect substantial deposits spread across relatively few active addresses. The direction of the ratio therefore needs to be read alongside changes in both capital and activity.

Even that example counts addresses rather than people. One person can operate several addresses, while a service can represent many customers. Coin Metrics’ methodology illustrates the distinction: it counts unique addresses participating in specified ledger changes during a defined period.

The capital side can change without new deposits too. If tokens already deposited in DeFi appreciate, their dollar value rises. DefiLlama separates asset inflows from price effects, allowing readers to distinguish additional deposits from an increase caused by the market.

The network boundaries also need to match. Pal includes Ethereum’s layer-two ecosystem in his broader infrastructure argument, whereas the table reports mainnet balances. Combining capital across Ethereum and its layer twos with a mainnet-only user count would produce a different measure from one covering the same networks on both sides.

How network activity reaches ETH and SOL For investors, the remaining question is how this activity affects the token they hold. Pal emphasized adoption when discussing low-cost transactions, saying: “These are not businesses, these are infrastructure layers.” Affordable transactions can help applications attract users, but the network’s usefulness still needs to be connected to its token economics.

On Ethereum, transaction fees are paid in ETH. The protocol burns the base fee, removing that ETH from circulation, while the priority fee goes to the validator. Ethereum’s fee documentation explains how those charges respond to demand for transactions.

Solana also charges fees in its native token. Under its fee rules, half the base fee is burned and half goes to the validator, while priority fees go entirely to the validator. These arrangements connect usage to SOL payments and changes in supply, although they do not establish a proportional relationship between transaction growth and price.

Neither arrangement gives ETH or SOL holders a claim on every application’s income. A successful business can use a blockchain without sharing its profits with the token’s owners, a distinction covered in Coindoo’s explanation of what SOL is used for.

That leaves the same questions for both networks: are they attracting recurring financial activity, retaining capital and creating demand for their native tokens? Ethereum’s larger balances support Pal’s argument about financial depth today. Deciding whether ETH or SOL offers better investment value also requires weighing those developments against the price investors already pay.

This article is for informational purposes only and does not constitute investment advice. Pal’s comments reflect his views, and network metrics can change.

Author

Alexander Zdravkov is a market analyst and crypto journalist with interests in economics, broader financial markets and digital assets. His journey into crypto began more than four years ago, driven by a fascination with the rapid evolution of blockchain technology and the transformative potential of decentralized finance. He began analyzing market cycles and identifying emerging trends before they reach the mainstream. He holds a degree in International Relations - a background that helped shape his broader perspective on global economics, geopolitics, and the interconnected nature of modern financial markets. Whether covering the latest developments in the crypto sector or exploring broader macroeconomic themes, Alexander focuses on giving readers context rather than simply repeating headlines. During his career, he has authored more than 5,000 articles covering cryptocurrencies, traditional finance, and global market developments. His work spans everything from Bitcoin and altcoins to macroeconomic trends influencing risk assets worldwide.

Forward Industries just finished another quarter of doing what it said it would do: buying Solana, and a lot of it.

The Nasdaq-listed company (ticker: FWDI) added 948,601 SOL during its fiscal fourth quarter, which ended September 30, 2026. That brings its stash to 8,501,298 SOL and SOL-equivalent tokens, roughly 1.4% of Solana’s circulating supply.

The quarter by the numbers The new purchases lifted Forward’s holdings 13% from the prior quarter. Last quarter’s total stood at 7,552,698 tokens.

The company paid an average of $83 per SOL for the quarter’s buys. On September 30, 2026, the reference price for SOL was $118.06, which means the latest batch was marked well above its purchase price at quarter-end.

Using that reference price, the full treasury was valued at approximately $1.004 billion. After subtracting debt, Forward reported a preliminary net asset value of approximately $870.4 million.

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How Forward paid for it First, debt. The company raised its institutional borrowing to $167.5 million, up from $105 million the previous quarter.

Second, equity. In September 2026, Forward completed a $25 million registered direct stock offering.

Forward’s SOL per fully diluted share rose from 0.0730 to 0.0806 over the quarter, a 10.4% quarter-over-quarter gain. The company put the annualized growth rate at approximately 42%.

Background: a strategy that started in 2025 Forward’s Solana pivot began in September 2025. At that point, the company set out to become a leading player in the Solana market, backed by significant capital investments and asset management capabilities.

Staking has also been part of the approach. Forward has previously noted cumulative staking rewards, which come from locking up tokens to help secure the Solana network in exchange for additional SOL.

What this means for shareholders and the Solana market For FWDI investors, the per-share metric is the headline that matters most. Rising SOL per fully diluted share suggests the buying is outpacing the dilution, at least for this quarter.

Institutional debt climbed to $167.5 million from $105 million, and that debt does not shrink if SOL’s price does.

The $83 average cost gives Forward some cushion. With SOL referenced at $118.06 on September 30, 2026, the quarter’s purchases were sitting comfortably in the green at period-end.

For the Solana ecosystem, a single public company holding about 1.4% of circulating supply is a notable concentration of ownership.

The things to track next are straightforward. Watch whether SOL per fully diluted share keeps rising, whether debt keeps growing faster than the treasury, and how the net asset value moves relative to the company’s market value.

Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.

Forward Industries, a major digital asset treasury firm based in Austin, Texas, has announced that its Solana (SOL) holdings have surpassed $1 billion. The company disclosed that it added 949,000 SOL tokens to its portfolio, bringing its total Solana ownership to approximately 1.4% of the network’s circulating supply.

Strategic Portfolio GrowthAccording to Forward Industries, Solana contributed nearly 13% of the company’s quarterly revenue increase. The firm emphasized its strong confidence in Solana as a long-term investment, noting that none of its other digital assets topped $26 million in value. As of the latest disclosure, cash equivalents in the company’s holdings amounted to $7 million.

The recent surge in Solana’s value played a significant role in boosting Forward Industries’ portfolio. Solana’s price rose by 25% in the past month, reaching $121 and reviving discussions among investors about potential targets at $130 and $150. Data showed that Solana futures recorded a trading volume of $9.19 billion, more than twice the demand seen in its spot market at the end of last week.

Market Sentiment Remains BullishThe majority of traders opted for long positions on Solana, pushing the long-to-short ratio slightly above 1. Open interest in SOL futures has been steadily increasing, signaling heightened leverage activity and sustained bullish sentiment. Traders are closely watching the key resistance level at $130, with a near-term goal of reclaiming the $150 range, which marks the yearly high previously reached in January before the asset retraced to $62.

With Solana’s price holding above its core moving averages, optimism remains high among market participants who anticipate a retest of the $130 level, while crypto bulls look ahead to the $150 milestone.

Technical Outlook and Investor StrategiesMomentum indicators, such as the Red-Label Bollinger Band, are highlighting $130 as a critical resistance level in the near future. Many observers suggest that if Solana sustains momentum above this point, it could challenge the $150 benchmark. The asset’s resilience and continued interest from institutional investors like Forward Industries underpin this positive outlook.

In closely-watched markets like Solana’s, technical triggers often coincide with broader investor behaviors. In the meme token space, rapid market shifts can turn social trends into substantial investor gains. Fomo App data recently spotlighted a $99 investment in the “Niu Lai” meme token that grew to roughly $370,000, illustrating the unpredictable dynamics in this segment. Market watchers emphasize the importance of not only pricing but also monitoring the timing and token selections by key traders. Platforms such as Fomo App have emerged, offering investors tools to track popular tokens, follow social feeds, examine investor rankings, and receive timely trade notifications.

Overall, Forward Industries’ approach reflects a broader institutional interest in established digital assets, even as speculative trading in alternative tokens captures headlines.

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.

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Backpack Securities has added BlackRock to its lineup of tokenized stocks. According to the company’s announcement on X, its $BLK token is now live on Solana.

The token gives Solana users a blockchain-native version of BlackRock shares. Holders can move it between wallets, trade it on decentralized exchanges, and do so outside the hours of a traditional stock market.

What Backpack is actually offering Backpack Securities is the brokerage and tokenization arm of Backpack, a platform built around Solana. It launched in June 2026 with one goal: letting users trade real US equities through regulated infrastructure.

The interesting part comes after the purchase. Users can convert their stock holdings into tokenized versions that live on Solana and trade around the clock on decentralized exchanges.

Each token is designed to be redeemable 1:1 for the underlying share.

The $BLK listing appears to fit into a broader rollout Backpack is running with Sunrise, its partner for token issuance and trading on Solana. BlackRock had been flagged as an anticipated addition to that pipeline before the X announcement.

From one SpaceX token to hundreds of stocks Backpack’s first tokenized stock was SpaceX, trading under $SPCX. The token went live the same day SpaceX began trading on Nasdaq.

By September 2026, Backpack had listed roughly 200 tokenized stocks. That month alone brought 20 new additions to the platform.

CEO Armani Ferrante has described an ambition to eventually support 10,000 symbols, which would cover a very large slice of the US equity market.

Ferrante’s broader pitch is about plumbing. He has said he wants a single API that ties traditional brokerage functions to decentralized finance, so developers do not have to stitch the two worlds together themselves.

The numbers behind the tokenized stock push Tokenized stocks on Solana recorded more than $4.9 billion in trading volume during the first half of 2026.

In one measured week during 2026, Backpack-issued tokens held 73% of decentralized exchange market share for tokenized equities.

Why tokenized equities are getting attention Traditional stock markets keep set hours, and anything that happens after the closing bell has to wait until the next session. Tokenized versions trade 24/7 on decentralized exchanges.

Backpack’s tokens are built to work with wallet-to-wallet transfers and DeFi applications, so a tokenized share could potentially be used inside other on-chain services rather than just sitting in a brokerage account.

What this means for investors and the market For traders, the practical benefit is flexibility. A tokenized $BLK position can be moved, traded, or deployed on-chain at any hour, while still being tied 1:1 to an actual share.

Holders of tokenized equities face questions about how entitlements such as dividends and corporate actions flow through to the token. Liquidity is another variable, as off-hours markets for individual tokenized stocks can be thinner than the main exchange session.

Disclosure: This article was edited by Kaye Quema. For more information on how we create and review content, see our Editorial Policy.

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