Solana recorded 557 million stablecoin transfers in September, reflecting a 33% increase compared to August. This brings the daily average to 18.6 million stablecoin transactions, underlining the rising level of network activity.
Stablecoin Transfers Surge on Solana NetworkStablecoins are digital assets pegged to fiat currencies such as the US dollar and serve as vital tools for payments, trading, and decentralized finance (DeFi) within the crypto ecosystem. Their utility extends to supporting liquidity across blockchain networks, enhancing Solana’s role in facilitating on-chain transactions.
The growing volume of stablecoin transfers does not directly imply a rise in unique users or total transaction value, but it often signals heightened network usage and platform adoption. These figures also add to the ongoing assessment of Solana’s ecosystem growth.
Metrics such as stablecoin supply, transaction value, active addresses, and trading activity on decentralized exchanges can further illuminate the pace of expansion on the network.
Mini dictionary: Stablecoin, a cryptocurrency whose value is pegged to a reserve asset (often a fiat currency like the US dollar), providing price stability and allowing users to transact on blockchain networks without the volatility typical of other cryptocurrencies.
Technical Analysis Highlights Bullish Pattern for SOLSolana Hub, a cryptocurrency analytics resource, recently identified an ascending triangle pattern in SOL’s price chart. This technical structure is formed when buyers consistently enter the market at increasing price levels while sellers maintain resistance near a set point, tightening the price range.
An ascending triangle is generally interpreted by traders as a bullish formation. A breakout above the resistance may indicate accelerating buyer momentum and could trigger further upside if accompanied by increased trading volume. Conversely, a failure to break through resistance could see SOL consolidating or even declining.
MetricSeptemberAugustStablecoin Transfers557 million419 millionAverage Daily Transfers18.6 million13.5 millionPercentage Change+33%–Solana Hub also referenced the Relative Strength Index (RSI), a momentum indicator used to evaluate the speed and change of price movements. Though a rising RSI can support bullish setups, it is subject to rapid fluctuations, and confirmation of a breakout requires sustained buying pressure and broader market support.
Solana Hub highlighted that SOL’s ascending triangle formation could set the stage for a significant breakout if buyers manage to pierce resistance, with a potential long-term target cited at $1,000—though this remains highly speculative and would demand a considerable price rally as well as strong overall market conditions.
Outlook Hinges on Network Fundamentals and Broader TrendsSolana, a high-speed blockchain known for its scalable architecture and developer-driven ecosystem, has cemented its position as a leading smart contract platform. The September surge in stablecoin transfers reinforces its appeal for decentralized payments and liquidity solutions.
However, analysts have cautioned that increased network adoption does not always translate into a proportionate rise in the price of the native SOL token. Factors such as overall crypto market conditions, network liquidity, and investor sentiment play crucial roles in price direction.
Traders are watching for confirmation of a breakout above resistance identified by Solana Hub, which could encourage bullish sentiment if accompanied by higher volume. Should this fail, SOL may remain in consolidation or move to lower support levels.
The ultimate direction for SOL will depend not just on chart patterns but a complex mix of network usage, liquidity, market capitalization, and global crypto trends. The optimism about a possible $1,000 milestone remains speculative and subject to market realities.
September’s activity demonstrates Solana’s robust ecosystem, but prospective investors are urged to weigh all relevant data and remain cautious due to ongoing market volatility.
Výpadek směrování 12. srpna vyřadil z provozu 28,83 % stakovaných SOL; síť Solana zůstala online, ale finalizace bloků se přibližně na půl hodiny zastavila.
18 October 2026 | 11:50 At about 03:43 UTC on August 12, a bad internet route began spreading from TeraSwitch’s data centre in Miami.
According to Metrika’s analysis of the incident, around 90 Solana validators holding roughly 29% of staked SOL lost connectivity, and blocks took up to about 30 minutes to finalise, against the usual 13 seconds.
Solana never went down. Blocks kept coming, and an uptime chart would have shown an ordinary day. On Wednesday, October 21, the network switches to Alpenglow, an upgrade that targets finality of roughly 150 milliseconds, but nothing in it touches the hosting problem. A research report published on October 16 by Fidelity’s FCAT unit puts the largest hosting network at about 29% of stake, close to the share Metrika saw go offline.
What happened on August 12 Solana finalises a block, the point at which a transaction can no longer be reversed, only while more than two-thirds of staked SOL is voting. That normally takes about 13 seconds. With roughly 71% of stake still online on August 12, the network stayed above the line, but only just. Metrika puts the offline share at 28.83%, against a 33.34% point at which finalisation stops chain-wide.
August 12: share of staked SOL offline, against the finality-halt line
Offline: 28.83%
Headroom: about 4.5 points
Finalisation stops: 33.34%
Online: about 71%
Source: Metrika.
Metrika says another four to five percentage points of stake on the affected routes would have meant a network-wide halt needing coordinated recovery. The fault began in TeraSwitch’s Miami facility and spread to validator infrastructure in London, Amsterdam, Frankfurt, Singapore and Tokyo, and in most cases the affected validators’ backup systems never switched on.
TeraSwitch fixed the fault about ten minutes after diagnosing it, and traffic was flowing again by 04:16 UTC, 33 minutes after it began. Validators recovered over the following 40 minutes. In that time, the share of scheduled slots producing no block jumped above 32%, from under 1%. Non-vote transactions per second fell from roughly 1,100–1,300 to below 300. For about half an hour no blocks finalised at all, and the backlog then cleared in a burst averaging around 1,600 seconds from production to finality.
The one number that didn’t move was uptime, which held at 100% because the chain never stopped producing blocks. For about half an hour, though, nobody could say when a payment would become irreversible. Metrika, which sells a digital-asset risk-management platform and draws on its own indicators here, treats finality delay, not downtime, as the event that matters to anyone settling funds on Solana.
What a stalled chain would and wouldn’t mean The risk FCAT describes is stalled finality and possible censorship. A coalition holding more than one-third of stake could stop the rest from reaching the two-thirds needed for finality, the report says, but it would not gain unrestricted control over user assets or the ability to rewrite finalised transactions. A hosting fault that took out the same share of stake would halt finality without anyone attacking anything.
That share is not hard to reach. FCAT counts roughly 20 validator identities (18 in another passage) holding more than a third of stake, and says that third sits in two countries, on two hosting networks and on two base client implementations. Those are vote accounts, not independent organisations: Figment, for one, runs two of the top five validators in that group. FCAT’s overall verdict is positive, citing more than two years without a major mainnet outage, vote success averaging about 99.7% in 2026 and a software stack that is slowly diversifying. It lists concentration as the thing to keep watching. FCAT is Fidelity’s applied-technology research unit and runs a small Solana validator of its own.
Two months on, the share is still about 29% FCAT’s October snapshot puts the largest hosting network at about 29% of stake. The two figures measure different things, stake offline during a fault and a network’s share of all stake, but they land in the same place. FCAT says the Solana Foundation had already been working to reduce TeraSwitch’s dominance. Here is how its numbers break down, from the people running validators to the code they run.
18-20
OPERATORS
validator identities hold over a third of stake
Vote accounts, not independent organisations. Figment runs two of the group’s top five.
~40%
LOCATION
of stake in Frankfurt and Amsterdam
An IP-geolocation estimate that FCAT says may be inaccurate. About 59% sits in Germany, the Netherlands and the US.
~29%
NETWORK PROVIDER
of stake on one hosting network
October snapshot. Validators in different cities can share a provider, and validators in one city can use different ones.
~63%
SOFTWARE
of stake ran Jito-based software in Q3
Another 26% ran Harmonic. Most configurations still share Agave code underneath, so one bug there could hit them together.
Source: FCAT, The State of Solana: Network Health and Resilience (October 2026).
Validators cluster for a reason. Latency rewards being close to other nodes, FCAT notes, and specialist hosts such as TeraSwitch and Latitude build hardware for Solana’s workload. Operators do have protections: failovers, backup power, and private networks such as DoubleZero that reduce reliance on the public internet. The Foundation also set up an incident-response network, SIRN, in early 2026. On August 12, though, most backups never switched on.
The Foundation’s limit reaches about 4% of stake The Solana Foundation’s delegation programme sets the main rule. Since May 1, 2026, validators that want Foundation stake have had to sit on a hosting network under a 25% ceiling and in a data centre under 15%. A validator that fails loses its Foundation delegation until it passes again.
The limits took effect three months before the August fault, and by FCAT’s October snapshot the largest network was still above the ceiling. The programme’s reach is the other half of the problem. As of Q3 it delegated to about 51% of validators, but those delegations amounted to about 4% of active stake. The rule gives validators a reason to diversify, but it doesn’t govern the rest of the stake.
Largest hosting network’s share of stake (October)
About 29%. The black line marks the Foundation’s 25% ceiling.
Stake delegated by the Foundation’s programme (Q3)
About 4%.
Both bars use the same scale, 0-40% of staked SOL. Sources: FCAT, Solana Foundation.
What Alpenglow fixes, and what it doesn’t Alpenglow goes live on mainnet in epoch 1064, which Solana says starts around 15:00 UTC on Wednesday, October 21. Anza, the team behind the Agave client, has said about 14:50. The old voting system keeps running for the first 5,000 slots, about 18 minutes, and the new one takes over at slot 459,653,000. Finality is meant to drop from about 12.8 seconds to roughly 150 milliseconds, a figure Solana describes as an expectation, not a constant. Wallets and apps keep working as they do today.
It does nothing for the hosting problem. A faster vote shortens how long agreement takes, but nothing on Solana’s upgrade page changes where validators run or which provider connects them.
For now it also narrows software diversity. Validators must run Agave, Jito-Solana or Harmonic Salsa on a release built on Agave 4.3.0. Firedancer and Frankendancer aren’t supported during the migration, and Solana’s page gives no date for when they will be. Firedancer is the independent codebase FCAT calls Solana’s most significant move toward independent client diversity. Validators must also hold at least 0.8 SOL above the rent-exempt minimum in their vote account, or they won’t vote or produce blocks in the next epoch.
BEFORE
Now to about 14:50-15:00 UTC, October 21
Firedancer and Frankendancer operators move to an Agave-based client. Every voting validator holds 0.8 SOL above rent-exempt in its vote account.
AT THE SWITCH
Epoch 1064 begins
The old voting system runs for the first 5,000 slots, about 18 minutes. Alpenglow takes over at slot 459,653,000.
AFTER
What changes for data
Vote transactions leave blocks, so transaction counts fall. Confirmed and finalized become the same state. Participation data moves to block-footer certificates.
Monitoring changes too. Metrika’s analysis treats votes per block as the closest indicator of how near the network is to the finality line, because votes are ordinary transactions carried in blocks. Alpenglow takes votes out of blocks, and Solana’s migration notes say anything that measures validator participation by parsing vote transactions will need a new source, because that data moves into certificates in the block footer. Reported transaction counts will also fall without any drop in real activity.
What to check this week If you stake SOL: look up where your validator is hosted before you delegate. Validators.app, the source both FCAT and the Foundation use, tracks stake by hosting network and data centre. A validator on the largest network shares the August risk.
If you build on Solana: expect transaction-count and TPS dashboards to drop on Wednesday with no change in real activity. Keep reading at confirmed until Alpenglow is live, then move to finalized, as Solana’s migration notes advise. Before activation, finalized still means a wait of about 12.8 seconds. Re-check any timeout or retry tuned to that delay, and track time to finality alongside uptime.
If you run a validator: if you use Firedancer or Frankendancer, switch to an Agave-based client before epoch 1064, and check that the vote account holds the 0.8 SOL.
After Wednesday, two numbers are worth watching: whether the largest hosting network’s share falls below the Foundation’s 25% ceiling, and when Firedancer is supported again. Neither is on Wednesday’s schedule.
This article is provided for informational purposes only and does not constitute financial or investment advice.
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.
Míra spalování poplatků u Solany dosáhla 2,2 %, což je nejvyšší hodnota od začátku roku 2025; SOL/ETH tento měsíc klesl o více než 2,3 % a naráží na úroveň odporu 0,05.
This October, capital flows seem to prefer Bitcoin despite the overall risk-off mood.
Technically, it means that capital is not rotating into altcoins as the textbook fear rotation would suggest. Ethereum dominance fell 5% this month, and Bitcoin dominance increased 2.5% this month, highlighting a clear shift in market preference toward BTC.
Then, what does this imply about the SOL/ETH momentum?
The ratio jumped over 11% during the last two months but decreased by more than 2.3% so far this month. Thus, Solana seems to have difficulty gaining any significant ground against Ethereum despite the relative weakness of the latter.
Moreover, the ratio now encounters resistance at the critical level of 0.05.
Source: TradingView (SOL/ETH) Why is Solana’s activity lead missing from SOL/ETH? That said, on-chain data tell a different story.
According to data from Token Terminal, Ethereum has only recorded around 28 million transactions so far this month, compared to over 6 billion on Solana.
The key takeaway?
Solana is averaging nearly 1,500 transactions per second in 2026, which is almost 8x BNB Chain’s throughput and around 60x Ethereum’s, underscoring the network’s edge in transaction throughput.
Notably, this divergence is beginning to show in social sentiment.
Data shows Solana has overtaken Ethereum in Social Engagements, with 29.7 million engagements over the past 24 hours compared to ETH’s 28.91 million. In addition, Solana has overtaken Ethereum in Creator Activity, with 24.4k creators compared with 23k for ETH.
This suggests that there is growing social traction for SOL, even as its relative price momentum against ETH remains weak.
The key question is: Why is the market still betting on the SOL/ETH setup despite capital flows favoring Bitcoin and ETH demonstrating better price momentum than Solana [SOL]?
According to AMBCrypto, this is where Solana’s divergence in transaction activity begins to matter.
Could Solana’s fees support a SOL/ETH recovery? High transaction activity can generate fees, giving the activity comparison an economic dimension.
Solana’s Monthly Fees reached around $20 million in recent months, with October already recording $15 million. Ethereum generated approximately $8 million in fees over the comparable October period.
However, the supply implications required a closer look.
Solana burned half its Base Fees, while validators received all Priority Fees. Higher total fees therefore offered an incomplete supply picture.
The accompanying Blockworks chart put Solana’s Burn Rate at 2.2%, its highest since early 2025. That reading alone did not establish that SOL’s supply was shrinking or that burns exceeded new issuance.
Source: Blockworks What could Ethereum’s staking queues mean for SOL? Meanwhile, the staking dynamics of Ethereum [ETH] are adding another layer to the SOL/ETH setup.
According to ValidatorQueue, ETH’s entry queue has fallen from 3 million in early May to 1.23 million. At the same time, the exit queue has jumped from around 103,000 to over 1 million, suggesting that demand for new staking deposits is cooling and there is a surge in the number of validators waiting to unstake their ETH.
In short, the SOL/ETH ratio is showing a divergence between tightening supply and cautious market demand. If this trend holds, Solana’s growing burn rate and Ethereum’s increasing staking exit queue could strengthen SOL’s relative performance and set the stage for a breakout above the 0.05 level.
Final Summary Solana’s high transaction activity and rising burn rate are helping tighten SOL’s supply, even as its price struggles against ETH.
Ethereum’s rising staking exit queue could give SOL an edge and support a potential SOL/ETH breakout above 0.05.
Yuga Labs spustila sběratelské karty Mudwater na blockchainu Solana; držitelé BAYC mohou získat 10 balíčků a držitelé MAYC dva. Každý balíček obsahuje 10 karet.
Yuga Labs, the company behind Bored Ape Yacht Club, is getting into trading cards. Its new Mudwater collection went live on Solana on October 17, 2026, and BAYC and Mutant Ape Yacht Club holders can now claim packs.
What Mudwater actually is The debut set is called “Swamp Origins.” It includes 120 distinct artworks built around the familiar Bored Ape imagery.
Cards come in four tiers: standard, foil, serialized, and a rare “cracked-ice” edition. At the top sit 8 serialized cracked-ice 1/1 grails, the one-of-a-kind cards that collectors tend to chase hardest.
Each card links a physical collectible to a matching Solana NFT held in a vault, so ownership exists both on the shelf and on the blockchain.
Claims opened at roughly 23:30–23:35 UTC, right after the announcement. The rollout coincided with ApeFest 2026 in Charleston, Yuga’s yearly gathering for its community.
How the claim process works Eligibility runs through something Yuga calls Totems. BAYC and MAYC holders received 6,551 Totems, which are ERC-6551 token-bound accounts. A token-bound account is an NFT that functions as its own wallet, so the Totem acts as the container that receives and manages a holder’s packs.
BAYC holders can claim 10 packs each, while MAYC holders can claim 2. Every pack contains 10 cards. Altogether, more than 140,000 packs are available to claim.
The claim window remains open until January 19, 2027. The total planned supply goes beyond the first wave of claims: Yuga plans for 10,000 boxes, each holding 24 packs.
The ApeCoin twist Mudwater also includes an unusual fee mechanic. A 2.5% reflection on NFT trades automatically purchases ApeCoin ($APE), which then goes out to Mudwater NFT holders in proportion to their holdings.
Trading happens on OpenSea, which carries separate listings for Totems, Packs, and Cards. Secondary-market listings showed up on the platform soon after claims opened.
Why Yuga is doing this A demo of the card gameplay is available in Otherside, and Yuga has said further expansions inside the metaverse are possible. The company also plans to let collectors upgrade packs into boxes and cases, with upgradeable game elements on the roadmap as well.
What this means for holders and the market For BAYC and MAYC owners, the immediate effect is a fresh airdrop with tradable value. The 10-to-2 ratio rewards BAYC holders more generously, which reinforces the pecking order between the two collections.
The 8 cracked-ice 1/1 grails are likely to anchor the high end of the market. More than 140,000 packs are claimable now, and the planned 10,000 boxes point to substantial total volume, so rarity sits mostly in the serialized and cracked-ice tiers.
For ApeCoin, the 2.5% reflection creates buying tied to Mudwater trades, though its scale depends entirely on how actively the cards change hands.
Disclosure: This article was edited by Kaye Quema. For more information on how we create and review content, see our Editorial Policy.
Fidelity hodnotí Solanu jako odolnou: mainnet nezaznamenal za dva roky žádný hlášený výpadek. Zároveň však varuje před koncentrací stakovaných tokenů, hostování a klientského softwaru.
Solana shows resilience, but some areas need continued observation, Fidelity saysSolana has had no reported mainnet outages in two years, but concentrations in stake, hosting and client software should be monitored, according to a report.
Solana has made significant progress in terms of network health across resilience, economic security and performance indicators, according to a Fidelity report.
Solana has had no reported mainnet outages in two years, but concentrations in stake, hosting and client software could threaten this, according to the report by Fidelity’s Center for Applied Technology (FCAT).
The report said economic security was supported by substantial staking participation and incentives that reward validator performance. Low latency, expanded capacity and inexpensive transactions also support practical use at scale.
Still, it noted that several areas surrounding decentralization and resilience warrant continued observation, including stake concentrates among a small number of validator identities and operators.
Cointelegraph reported on Aug. 21 that Solana had reduced its slot time to 350 milliseconds, marking the first such reduction since the inception of the network, according to the Solana Foundation’s vice president of technology, Jacob Creech.
In June, the Solana Foundation shared plans to reduce slot times to 200ms, arguing that it would improve latency and accelerate confirmations on the blockchain network. Three further 50ms reductions are planned.
Magazine: France is world’s most dangerous place for Bitcoiners: 90 attacks in 7 months
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Changpeng Zhao popřel, že jeho příspěvek způsobil stažení reklamy Solany v Šanghaji. Podle něj reklama zmizela do 10 minut, zatímco jeho příspěvek byl zveřejněn až o 12 až 24 hodin později.
Changpeng Zhao wants one thing on the record: he did not get Solana’s Shanghai ad pulled.
The Binance founder said on X that the advertisement on the city’s Bund came down within 10 minutes of appearing. He says that happened before he had even seen it. His post praising Solana followed later.
A celebration, then a crackdown
On October 15, 2026, CZ publicly applauded Solana’s new Shanghai office and its skyline advertising in the city. He framed the move as a meaningful step forward for the blockchain industry as a whole. He also set it against what BNB Chain had accomplished, a notable gesture of goodwill toward a rival ecosystem.
On October 16, 2026, Solana’s Accelerate China event at the Shangri-La hotel in Shanghai was postponed after police showed up. Attendees reported being kept outside the venue for more than an hour.
Organizers attributed the delay to “last-minute logistical considerations.” They did not elaborate on what, if anything, had passed between them and the authorities.
Speculation filled the gap. The theory making the rounds was simple: CZ’s high-profile praise had drawn the attention of regulators. In that telling, his post triggered scrutiny that led to the ad on the Bund being taken down just 10 minutes after it went up.
CZ’s version of the timeline
CZ rejected that account directly. His argument rests on sequencing.
By his account, the ad was already gone within 10 minutes of being displayed. He says he did not see it until much later. According to the research timeline, his social media post came 12 to 24 hours after the ad was removed.
CZ also pointed to China’s strict real-time content monitoring. His point was that the ad’s rapid removal fits a system built to catch this kind of material quickly, with or without a nudge from a celebrity founder on X.
China’s long, complicated relationship with crypto
China has kept its ban on crypto trading in place since 2021. At the same time, the country continues to allow blockchain development.
This is also not Solana’s first rough experience in mainland China. The postponement marked the second time in a year that a Solana event in the country was disrupted. The earlier incident took place in Shenzhen in 2025.
What this means for Solana and foreign crypto projects
For Solana, the immediate cost is reputational and logistical. A postponed flagship event and a vanished billboard are not the launch most teams envision for a new office.
CZ’s role here is interesting on its own terms. He offered public support to a competing chain, then had to spend time explaining that the support did not backfire.
The near-term reality is a canceled ad and a delayed conference.
What to watch next is fairly straightforward. Will Solana reschedule Accelerate China, and under what terms? Will organizers say more about what the authorities raised?
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
Solana’s blockchain network is set to enhance its transaction processing capabilities, according to a recent update from Grayscale. The network currently processes approximately 1,400 transactions per second and is anticipated to reduce transaction finality to 150 milliseconds following an upcoming upgrade. This development, known as Alpenglow, aims to improve Solana’s efficiency without altering its transaction execution or fee structure. The news has been circulating among market participants, suggesting a potential positive impact on Solana’s market perception and price trajectory.
Key Takeaways
Market activity suggests participants view Solana’s transaction speed improvement as potentially supportive of increased price expectations.
The upgrade, Alpenglow, aims to drastically reduce transaction finality time, which could attract more users and bolster network utility.
Current market pricing indicates a moderate probability of Solana achieving higher price targets in the near term.
What to Watch
Observers should monitor the successful activation of the Alpenglow upgrade and its impact on Solana’s performance metrics. Any delays or issues could affect market sentiment and pricing scenarios. Additionally, the broader cryptocurrency market conditions and regulatory developments will play a crucial role in shaping Solana’s price movements in the coming weeks. Markets will be particularly attentive to any announcements from key actors such as Solana Labs and potential regulatory changes from the U.S. Securities and Exchange Commission.
Společnost Circle za posledních 24 hodin údajně vydala na blockchainu Solana přibližně 750 milionů tokenů USDC, což by mohlo zvýšit dolarovou likviditu sítě.
Circle has reportedly minted approximately 750 million USDC on the Solana blockchain over the past day, according to social media reports. This development suggests increased dollar-pegged liquidity on the Solana network, although it is unclear if this represents net growth or merely supports cross-chain transfers or replaces redemptions. As of October 12, Circle had $72.7 billion of USDC in circulation across 38 blockchains. The significant minting on Solana highlights the network’s role in hosting substantial flows of USDC.
Key Takeaways
Significant USDC minting on Solana appears to suggest increased dollar liquidity on the network.
Markets may interpret this as supportive of Solana’s potential price increases, consistent with increased liquidity and demand.
Solana’s price prediction markets reflect a range of outcomes, with notable activity around short-term price changes.
What to Watch
Observers will be monitoring how this influx of USDC affects Solana’s price and whether it leads to increased decentralized finance (DeFi) activity on the platform. Market participants will likely focus on any indications of regulatory developments or technological upgrades that could influence Solana’s standing. Additionally, watch for Solana’s performance against other cryptocurrencies amid broader market trends that could affect the network’s growth and utility.
Solana klesla k 104 USD a testuje klíčovou podporu v pásmu 99–101 USD; americké ETF na Solanu zaznamenaly devět po sobě jdoucích obchodních seancí odlivů.
Solana price has retreated toward $104, putting $100 support back under pressure even as its weekly chart leaves room for the broader recovery to survive.
Summary
SOL’s daily chart showed $104.47 after an intraday decline to $103.91.
The weekly 50-period average near $98.99 sits just beneath the recent $100.62 low.
Daily Aroon and Awesome Oscillator readings favored continued downside pressure.
U.S. Solana ETFs recorded nine consecutive withdrawal sessions ahead of the scheduled Alpenglow upgrade.
Solana is back near the area where its September recovery began to gather strength. After advancing from its summer base toward $124, the token has surrendered much of that breakout, leaving buyers defending a narrower cushion above $100.
Solana’s daily chart shows SOL was trading at $104.47, down 0.92% for the session after reaching $107.44. Its inability to hold that intraday advance brings the previous day’s $100.62 low back into focus.
Yet the daily and weekly charts tell different parts of the story. Short-term momentum continues to weaken, while the weekly price remains above two moving averages that could help determine whether the pullback becomes a deeper reversal.
Solana’s weekly recovery rests on the $99 area
The weekly chart placed the 50-week simple moving average at $98.99, just below the psychological $100 threshold. The 20-week average sat farther down at $89.56.
Solana price weekly chart — Oct. 16 | Source: TradingView
This makes the area around $99–$101 a more consequential test than the round number alone. It brings the recent low and the 50-week average close together, giving buyers a defined region to defend after the retreat from $124.
SOL remained above both shorter weekly averages, but below its 200-week average at $112.43. The September rally had carried price above that longer-term reference before the latest decline pushed it back underneath.
A recovery through roughly $112–$113 would therefore repair part of the weekly damage. Until then, the move back below the 200-week average leaves the rebound facing resistance before it can challenge the recent peak.
Weekly momentum has also cooled. Stochastic RSI showed its faster line at 75.77, below the slower line at 88.60 after turning down from elevated readings. The summer recovery has lost momentum as price returns toward support.
A separate Oct. 16 assessment from the account publishing as Daan Crypto Trades described SOL as holding above major support, with the daily 200-period exponential moving average approaching beneath it. The account treated a loss of that area as an invalidation of its recovery setup.
$SOL Slow and steady. It has been pretty resilient relative to $BTC & $ETH the past few days.
Still sitting right above the major support level with the Daily 200EMA coming in below. So that's a clear invalidation below.
Solana Breakpoint is a month from now which usually sees… pic.twitter.com/Gizckx6ilx
— Daan Crypto Trades (@DaanCrypto) October 16, 2026
Daily selling pressure challenges the longer-term bullish case
The daily indicators give buyers little room for another failed bounce. Aroon Down stood at 92.86%, while Aroon Up was at zero. That wide separation favors the recent downward trend, with fresh lows occurring much more recently than fresh highs.
Solana price daily chart — Oct. 16 | Source: TradingView
The Awesome Oscillator was also negative at −6.49, and its latest bars were red. Together, those readings show that the retreat toward support is still accompanied by weakening momentum.
Crypto Xlarge offered a more optimistic monthly interpretation in an Oct. 16 post. The account described price compressing between rising support and horizontal resistance, alongside a possible RSI trendline breakout.
Its outlook depends on confirmation. SOL remains well below the upper boundary drawn on that monthly chart, while the immediate daily setup is testing whether buyers can preserve support.
U.S. fund flows add another obstacle. Farside Investors recorded $9.8 million in Solana ETF withdrawals on Oct. 15, extending the negative streak to nine trading sessions. Calculated from its table, those sessions produced approximately $37.8 million in combined outflows.
The selling also followed a broader withdrawal from crypto funds. crypto.news’ weekly ETF flow review recorded $1.29 billion in withdrawals across five tracked U.S. crypto ETF categories during Oct. 5–9.
Liquidation clusters frame the next recovery attempt
CoinGlass’s one-month liquidation heatmap showed nearby concentrations around $104–$105, with further bands around $108–$110. Larger overhead concentrations remained near $123–$125, close to the region where the recent advance stalled.
Solana liquidation heatmap | Source: CoinGlass
Below price, visible bands around $100–$101 and $96–$97 place leveraged positions near the same area now being tested on the weekly chart.
crypto.news’ previous Solana price analysis documented Thursday’s rebound from $100.62 toward $106.20. The latest daily reading near $104.47 shows that buyers have already surrendered part of that recovery.
Alpenglow provides the next scheduled network catalyst. The Solana Foundation expects activation on Oct. 21, targeting roughly 150-millisecond finality.
For price, the nearer test remains $99–$101. Holding that region would preserve a route back toward $108–$110 and the weekly resistance near $112.43. Losing it would expose the heatmap concentrations around $96–$97, with the 20-week average near $89.56 becoming the next broader reference.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Aurora Intents umožňuje uživatelům Solany vkládat stablecoiny do platformy Elara jediným podpisem a následně stakovat elUSD do sELUSD druhým podpisem ze stejné peněženky, bez přemostění či druhé peněženky.
GIBRALTAR, Oct. 16, 2026 (GLOBE NEWSWIRE) -- Aurora Intents, the cross-chain execution solution built by Aurora Labs, now powers deposits intoElara Finance directly from Solana. Solana users can now deposit into Elara, a treasury product from the Brila ecosystem, with one signature from their Solana wallet. Staked as sELUSD, Elara's stablecoin elUSD earns yield from stablecoin market making, giving Solana users a way to put idle stablecoins to work without leaving their wallet.
Moving tokens across chains is only half the problem. The harder part is doing something with them once they arrive: minting, staking, depositing. Intents Connect handles that last step, so an app can let users act on another chain from the wallet they already use.
Funds move to Ethereum, where Elara mints elUSD. From there, the user stakes it into sELUSD with a second signature from the same Solana wallet. Both tokens stay on Ethereum in an account controlled by the user’s Solana wallet. Aurora Intents never holds the funds.
"Every extra step between a user and a product costs that product deposits," said Declan Hannon, CEO of Aurora Labs. "Bridging and buying gas are two steps most Solana users would rather skip. Elara can now accept those users as they are, and Aurora Intents handles everything in between."
The return trip works the same way. Users unstake sELUSD, redeem ELUSD for stablecoins, and Aurora Intents returns the funds to their Solana wallet.
“Our job is to make idle stablecoins productive, and a lot of that capital is held on Solana,” said Sebastien Davies, Head of Strategy, Elara. “Aurora Intents gives those holders a direct route into Elara without bridging or managing a second wallet. It brings our yield to them, wherever their funds are.”
Today’s launch connects Solana wallets to Elara, with deposits and withdrawals handled from the same wallet. The Solana route is live now at app.elara.fi.
Aurora Intents powers that connection through NEAR Intents, a solver network that has processed more than $34 billion in transactions.
About Aurora Intents
Aurora Intents is the cross-chain execution layer for on-chain applications. It enables users and systems to move assets, execute actions, and access liquidity across chains - without bridging screens, wallet switching, or per-chain gas management. Aurora Intents is built on top of NEAR Intents, the underlying solver network developed by NEAR Protocol.
About Elara Finance
Elara Finance is a treasury management product from the Brila ecosystem. Users deposit stablecoins to mint elUSD, a dollar-referenced treasury asset, and stake it as sELUSD to earn yield from stablecoin market making.
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Solana čelí tlaku poté, co zářijová meziroční inflace v USA dosáhla 3,7 %; objem transakcí klesl na 20,25 milionu USD a počet denně aktivních adres na 3,74 milionu.
Solana [SOL] has extended its bearish run following Wednesday’s broader crypto market sell-off, triggered by hotter-than-expected U.S. inflation data.
According to the release, September’s Consumer Price Index (CPI) rose 3.7% YoY, exceeding the 3.6% forecast and increasing concerns about interest rates remaining elevated. As a result, treasury yields climbed while the U.S. dollar strengthened, adding pressure to risk-sensitive assets.
The macroeconomic pressure is coinciding with weakening activity across Solana’s ecosystem. DeFi tokens operating in the ecosystem have also dropped significantly. Jupiter [JUP] and Raydium [RAY] are the top losers, with each token’s price dropping by 9.4% and 10.6%, respectively.
The network’s transaction volume has reportedly fallen to its weekly lowest while daily active addresses have also declined, suggesting investors are becoming more cautious following the inflation report.
Network activity signals caution
Solana’s reported transaction-volume metric has fallen to $20.25 million, while daily active addresses have also retreated to just 3.74 million addresses.
These declines could indicate weakening participation as traders respond to the macroeconomic uncertainty. However, its developments as the price action remains tied with the demand zone should be examined further.
A continued decline in active addresses and transaction activity would strengthen concerns about weakening ecosystem demand.
Source: Santiment
Can SOL bulls reverse the downtrend?
As it stands, the combination of macroeconomic pressure and weakening network indicators presents a challenging backdrop for SOL. The impacts of the weakening on-chains and fundamentals are already evident on the daily chart.
SOL’s price action just invalidated a key ascending trendline support at around $111 a few days ago. The token is now trading below both its 20-day and 50-day EMA at $103, and a drop past the $100 psychological level could amplify the current bearish push.
Source: TradingView
A recovery in broader market sentiment, accompanied by renewed network activity, could help buyers stabilize price action. Conversely, persistent selling pressure and further declines in ecosystem participation could prolong the correction.
SOL’s near-term outlook will depend on whether buyers return as macroeconomic uncertainty weighs on crypto markets.
Final Summary
SOL extended its bearish run after September U.S. inflation rose to 3.7% annually, above the 3.6% forecast.
Solana’s declining transaction volume and daily active addresses signal a weaker participation as investors and traders shy off.
Solana na poslední chvíli odložila akci Solana Accelerate China v Šanghaji poté, co se podle příspěvků na sociálních sítích u místa konání objevila policie.
Solana, which operates one of the world’s largest cryptocurrencies, has cancelled a high-profile event in Shanghai at the last minute as local police appeared on site, according to social media posts, just a day after the firm touted the opening of a fancy new office in the city.
Solana was slated to host its Solana Accelerate China event in Shanghai on Friday morning, part of a week-long event across major cities in mainland China. Shortly before the event kicked off, however, the company said in an email update to attendees that the programme had to be “postponed” due to “last-minute logistical considerations”, according to screenshots circulating on social media.
Social media posts also indicated that a few local police officers showed up at the event venue. Solana did not immediately respond to a request for comment.
The abrupt suspension of the event followed a splashy marketing campaign in the city earlier this week, which raised questions about how the company was able to do so amid Beijing’s strict ban on crypto-related business activities.
Trh tokenizovaných reálných aktiv na Solaně dosáhl 4,3 miliardy USD, což představuje více než šestinásobný nárůst oproti zhruba 700 milionům USD před rokem.
Solana’s RWA market surged to $4.3 billion, growing more than sixfold in one year. Tokenized U.S. Treasuries account for roughly 35% of Solana’s RWA market. Coinbase tokenized stocks on Base reportedly reached $2.8 billion in cumulative DEX volume. Solana led 30-day application revenue at $193.1 million, largely driven by consumer trading. Solana’s real-world asset (RWA) market has reached approximately $4.3 billion, narrowing its gap with Ethereum as tokenized government securities, equities and credit products attract more capital to blockchain-based financial infrastructure.
The increase from roughly $700 million a year earlier represents more than sixfold growth, according to an October 15 Castle Labs research report. Ethereum’s comparable market expanded from $15.5 billion to $16.6 billion, leaving Solana at approximately 26% of Ethereum’s RWA value, compared with 4.5% previously.
Meanwhile, activity in tokenized equities is accelerating beyond Solana. A Coinbase-branded chart shared on October 16 shows approximately $2.8 billion in cumulative decentralized exchange trading volume for Coinbase-issued tokenized stocks on Base.
Together, the developments reveal two distinct parts of the tokenization market: the growing value of assets issued onchain and the infrastructure emerging to trade them.
Treasury Products Account for a Significant Share of Solana’s Growth Solana’s expansion is not driven exclusively by tokenized stocks.
Data attributed to RWA.xyz in the Castle Labs analysis places tokenized U.S. Treasury products at approximately $1.52 billion, representing around 35% of Solana’s reported RWA market.
That composition matters because Treasury-backed products have different economic characteristics from tokenized equities. Their returns are generally linked to underlying short-term government securities, rather than corporate earnings or stock price appreciation.
The remaining RWA market includes other tokenized financial instruments, such as equities and credit products.
RWA Market Comparison TOKENIZED ASSET MARKET
Solana’s RWA Market Expands Rapidly
Approximate RWA value in USD
Solana
$4.3B
+$3.6B in one year
Ethereum
$16.6B
+$1.1B in one year
Solana value relative to Ethereum
26%
Previously 4.5% · Latest 26%
Source: Castle Labs, October 15, 2026. Rounded figures.
Solana added approximately $3.6 billion in RWA value over the period, more than three times Ethereum’s net increase in dollar terms.
However, the figures describe assets represented on each network, not necessarily fresh investment inflows.
Changes in tokenized asset value can also reflect issuance, redemptions, price movements and transfers between blockchain ecosystems.
This distinction is particularly relevant for institutions evaluating where to issue financial products. A growing tokenized asset base demonstrates infrastructure adoption, but secondary-market liquidity determines how easily investors can enter or exit positions.
Coinbase’s $2.8 Billion Trading Figure Raises a Different Question Coinbase’s tokenized equity activity provides a useful contrast.
The company’s tokenized stock products are issued on Base, its Ethereum layer-2 network, and are designed to provide eligible investors with economic exposure to listed equities.
According to Coinbase’s official product documentation, the tokens are backed one-for-one by underlying shares held in custody and can be used within supported decentralized finance applications.
Token Terminal reported in X $2.8 billion in cumulative DEX trading volume indicates substantial transaction activity, but it does not reveal how widely ownership is distributed.
Cumulative DEX volume for Coinbase-issued tokenized stocks reaches ~$2.8B
Tokenized stock trading generates transaction fee revenue for Coinbase today, while securities lending income & DEX trading fees represent potential future revenue sources https://t.co/aiEY7L5VQe
— Token Terminal 📊 (@tokenterminal) October 15, 2026
An October 5 Bitquery investigation provides a more detailed view. Researchers tracked $1.45 billion in trading volume during the 30 days ending October 4 and found that three wallet groups accounted for 67% of transactions.
One group of 108 wallets represented 37% of trading activity and consistently settled transactions with an address Bitquery identified as associated with Wintermute.
The analysis also found that Coinbase’s tokenized equities generally traded within 0.09% of their underlying share prices during U.S. market hours.
This points to an important market structure issue. Professional liquidity providers can generate substantial trading turnover while helping prices remain closely aligned with underlying securities.
For investors, tight pricing may improve execution. For market observers, however, it means headline trading volume should not automatically be interpreted as broad retail adoption.
Coinbase’s chart identifies transaction fees as an existing revenue source, with securities lending and additional DEX fees presented as potential future opportunities.
Tokenized Securities Are Moving Into Lending Markets The growing integration of RWAs into decentralized lending represents another development beyond issuance and trading.
On Solana, platforms such as Kamino and Jupiter Lend allow supported assets to serve as collateral, potentially enabling investors to borrow against tokenized holdings rather than selling them.
For example, an eligible investor holding $10,000 of accepted tokenized securities could potentially borrow stablecoins against that position, subject to the protocol’s collateral requirements.
If the applicable maximum loan-to-value ratio were 60%, the theoretical borrowing limit would be $6,000. That is an illustration, not a verified lending parameter for any specific token.
The position would remain exposed to changes in collateral value, interest rates and liquidation thresholds. Investors would also need to consider whether the tokenized security can be redeemed or transferred during periods of market stress.
These constraints help explain why RWA market capitalization does not automatically translate into equivalent decentralized lending activity.
Castle Labs’ broader RWA research found that access controls, identity verification and redemption restrictions continue to limit the proportion of tokenized assets actively deployed in DeFi.
Application Revenue Shows Where Solana Still Depends on Speculation Solana’s application ecosystem generated $193.1 million in revenue over the preceding 30 days, ahead of Hyperliquid and Ethereum in the networks compared by Castle Labs.
However, roughly 80% came from consumer applications, including token launchpads and trading platforms, rather than RWA-related financial services.
PumpFun contributed approximately $39 million. Castle Labs also found that the three largest consumer applications accounted for 50.2% of category revenue in the third quarter of 2026, down from 64% in the fourth quarter of 2025.
REVENUE COMPARISON
Application Revenue
Trailing 30 days · USD millions
Solana$193.1M
Hyperliquid$86.5M
Ethereum$53.8M
Source: Castle Labs, October 15, 2026. Bars scaled relative to Solana. Revenue classifications follow the report.
The revenue breakdown exposes a challenge for Solana’s institutional finance ambitions. Its RWA market is expanding quickly, but speculative consumer activity remains the dominant source of application income.
For tokenized finance to become a more substantial revenue contributor, the ecosystem will need more than additional asset issuance. It will require recurring trading, lending and settlement activity that can persist through weaker cryptocurrency market conditions.
What Would Confirm a More Mature RWA Market? Castle Labs estimates that more than $500 million in active RWA value is deployed across Solana DeFi protocols, representing approximately 8% of the network’s net total value locked.
The next indicators to watch are the proportion of tokenized securities used as collateral, the distribution of trading activity across participants and the ability of lending markets to maintain liquidity during periods of volatility.
Those measures would provide a clearer picture of whether tokenization is developing into a functioning financial market rather than primarily increasing the value of assets recorded onchain.
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.
DeFi Development Corp. zvýšila roční sazbu dividendy u prioritních akcií CHAD z 13 % na 14 %, což při jmenovité hodnotě 10 USD představuje 1,40 USD na akcii.
DeFi Development Corp. just made its preferred stock a little more generous. The Nasdaq-listed Solana treasury company is raising the annual dividend rate on its CHAD preferred shares from 13.00% to 14.00%.
What changed for CHAD holders DeFi Development Corp. (Nasdaq: DFDV) announced the increase on October 15, 2026. The new rate applies to its Variable Rate Series C Perpetual Preferred Stock, which trades under the ticker CHAD.
The higher payout kicks in starting November 2, 2026. Based on the $10.00 stated amount per share, annual dividend income rises to $1.40 per share from $1.30.
The math looks even better for early buyers. CHAD’s initial offering priced at $8.00 per share on September 3, 2026, raising approximately $11 million in gross proceeds. Anyone who bought at that price and still holds is now collecting $1.40 a year on an $8.00 outlay, or 17.5% on cost.
The dividends are cumulative, which means any skipped payments pile up and remain owed to shareholders. Payments are made daily when declared by the board.
The board has also authorized a repurchase program for CHAD shares, with a focus on achieving a $10 par value.
How CHAD fits the Solana treasury playbook CHAD is a perpetual, non-convertible preferred stock. Perpetual means there is no maturity date. Non-convertible means holders cannot swap their shares into common stock, so the dividend is the whole point. The instrument is backed by DeFi Development’s SOL treasury, which the company aims to put to work through strategies including staking.
As of mid-October 2026, the company’s holdings reached approximately 2.586 million SOL and equivalents.
CEO Joseph Onorati framed the higher rate as a way to make CHAD more attractive as an income-generating investment. The strategy ties directly to the treasury: proceeds from future CHAD sales are expected to fund further SOL accumulation.
DeFi Development plans to execute as much as $300 million in additional CHAD share issuances. For context, that would be roughly 27 times the gross proceeds from the September debut.
The pitch to common shareholders is SOL-per-share growth. If preferred investors fund new SOL purchases, common holders own a slice of a bigger treasury without the company issuing more common stock to pay for it.
From real estate to digital credit DeFi Development did not start life as a crypto treasury. The company pivoted from a prior real estate platform to a strategy built around holding Solana.
The variable rate structure allows the board to raise or change the payout as conditions shift. This latest move is the first visible use of that lever.
What this means for investors and the treasury model Because the dividends are cumulative, the obligation does not vanish in a bad quarter. The treasury backing CHAD is denominated in a crypto asset that can swing sharply. A falling SOL price would shrink the asset base while the dividend obligation stays fixed in dollar terms. Preferred holders sit ahead of common shareholders, but they are still exposed to the health of the treasury.
For common shareholders, the question is whether the cost of the preferred funding is worth the SOL it buys. If staking yields and SOL appreciation outpace a 14% dividend over time, the structure grows SOL per share.
The things to track from here are straightforward. Watch where CHAD trades relative to its $10.00 stated amount, how quickly the company taps its issuance capacity, and whether the SOL treasury keeps growing beyond 2.586 million.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
Solana ve 3. čtvrtletí 2026 zaznamenala rekordní objem tokenizovaných akcií ve výši více než 7,1 miliardy USD. Počet peněženek jejich držitelů překročil 1,2 milionu.
Solana logo, official brand asset from solana.com/branding. Alpenglow is a Solana consensus upgrade.
Solana has achieved a significant milestone, recording its highest ever quarterly volume in tokenized equities, exceeding $7.1 billion in the third quarter of 2026. This development, reported by @SolanaFloor, underscores the platform’s growing influence in the tokenized stock market. The network’s on-chain equities activity reached a record, with official data from September showing about $4.4 billion in volume. Solana’s ecosystem, which includes platforms like Raydium and xStocks, continues to attract a large number of participants, with holder wallets surpassing 1.2 million. The increase in activity is reflective of Solana’s substantial share of the cross-chain tokenized equity market.
Key Takeaways The record Q3 volume on Solana appears consistent with growing interest and confidence in the platform’s tokenized equities market. Market pricing suggests a potential positive impact on Solana’s value, as participants may view the milestone as supportive of price increases. The large volume of tokenized equity activity indicates robust network engagement, suggesting continued growth on Solana. What to Watch Observers will be keen to see if Solana’s increased tokenized equities volume translates into a rise in its native token’s market value. Key developments such as regulatory changes, further ETF approvals, or major partnerships could influence market sentiment and pricing. Additionally, any changes in decentralized exchange volumes or new wallet integrations would likely impact Solana’s market position and perceived value. Market participants will be watching for any indicators that could suggest further upward momentum for Solana’s price in the coming weeks.
Term Structure
Contract Odds Δ since publish Volume 24h November 1 2026 0.7% 0.0¢ $1K View market → November 1 2026 6.3% +0.7¢ $2K View market → November 1 2026 20% -1¢ $4K View market → November 1 2026 8.8% -0.1¢ $86 View market → November 1 2026 0.4% 0.0¢ $7K View market → November 1 2026 1.2% -0.5¢ $4K View market → November 1 2026 1.9% -0.1¢ — View market → November 1 2026 2.1% -0.1¢ $1K View market → November 1 2026 2.1% -0.7¢ $4K View market → November 1 2026 0.1% 0.0¢ $3K View market → November 1 2026 0.1% 0.0¢ $3K View market → November 1 2026 10% -2.5¢ $2K View market → November 1 2026 0.4% 0.0¢ $3K View market → November 1 2026 2.9% +0.1¢ $8K View market → Updated 6min ago
Spout, a Solana-based protocol that lets investors borrow against tokenized US stocks without paying interest, has raised a $2 million strategic round with backing from Draper Dragon, Anchorage Digital, Flow Traders and Solana Labs, among others. We spoke to Marc Ryan, Spout’s co-founder and CEO, about the two-tier credit system he saw in investment banking, how the protocol pays lenders without charging borrowers, and what has to happen before its private beta opens.
You started your career in investment banking. What did you see there that eventually led to Spout?
I worked at HSBC, including on the Arm IPO. What struck me was a two-tier credit system sitting in plain sight.
On one side of the building, we arranged debt for large companies at rates a retail investor would assume were a typo. On the other, an individual holding a perfectly good portfolio of those same companies’ stock pays around 12% to borrow against it. Same underlying asset, same credit logic, completely different price. The only variable is who you are.
The second thing was how much of the work was simply moving information around. Underwriting is largely the business of assembling facts that already exist, verifying them slowly and charging for the delay. A lot of that collapses if the asset and the information about it sit on the same ledger, and anyone can check both instantly.
Spout came out of holding those two observations side by side.
Margin loans have been around for as long as brokerages have. Why has borrowing against stocks stayed so expensive for individual investors?
Because nobody has had a way to attack it.
Margin interest is not a cost being passed through to you. It is a product. The brokerage borrows cheaply, lends to you at a spread and keeps the difference. That spread is one of the most reliable revenue lines in the business, and no competitor can undercut it without giving up the same revenue themselves. It is also not a number most people shop on. You compare commissions and app design, and you discover the margin rate after you have already moved your account.
So the rate does not fall, because falling requires replacing that income with something else, and there was no something else.
Prime brokerage solves exactly this problem for institutions. It generates revenue from the collateral itself rather than from the borrower, which is why a hedge fund’s financing costs look nothing like yours. Running that at individual scale needs a shared ledger and programmable custody, and until recently neither existed.
That is the real unlock, and it is not tokenization for its own sake. It is the ability to produce income from the collateral, so that you no longer have to produce it from the borrower.
If the borrower pays no interest, where does the lender’s return come from, and what makes it go up or down?
It comes from selling optionality on the collateral, not from the borrower.
When you post stock with us, it would otherwise sit there doing nothing, exactly as it does in a brokerage account. We write covered calls against it, far out of the money, on a weekly cycle. The premium from those calls is what pays the lender. The borrower keeps the stock’s downside and its upside up to the strike, and pays no interest.
The lender has no directional exposure to the stock. They own a stream of option premium, which is why the return is largely indifferent to whether the market goes up or down.
What moves it is the gap between implied and realized volatility. Options on large, liquid US stocks persistently price in more movement than actually occurs. That gap is where the premium comes from, and it exists because of structural demand, not because anyone is making a mistake. Pension funds and institutional allocators buy protection on blue chip holdings as a matter of policy, not because they have a view. Retail investors buy upside calls on a handful of names with enormous enthusiasm. Both are price-insensitive buyers, and someone has to be on the other side of them. When that gap is wide, the lender earns more. When it compresses, the lender earns less. The lender side is split into a senior and a junior tranche.
Selling volatility on blue chip stocks isn’t a new idea. What is different about the way Spout does it?
It is an old trade. Hedge funds and structured product desks have run it for decades, so the novel part is not the premium. The problem has always been the tail. If you sell calls and the stock rips through the strike, you eat it. That is why systematic volatility selling has the reputation it does, and why institutions are wary of the trade even when the expected value is good. They want the premium. They do not want the tail that comes attached to it.
What we do differently is separate the two and give each to the party that wants it. Because the vault has two sides, rather than one fund doing both, the return and the risk can go to different people. The lender receives the premium and carries no directional exposure to the stock. The borrower carries the tail, which costs them the upside above the strike. They are entirely comfortable with that, because they are long the asset anyway and they get a 0% loan in exchange.
Put another way, every borrower on Spout is running a covered call. It is the most widely used options strategy among retail investors, and millions of people already do it voluntarily. The only difference is what they are paid in. Normally you write a covered call and receive cash. Here you write one and receive free financing.
Two parties with opposite appetites: one wants yield without direction, the other wants leverage and already owns the risk. Until you have a permissionless two-sided market, those two have no way to trade with each other. That is what the vault is for, and that is the thing that did not exist before.
Why does this need tokenized stocks? What can you do onchain that a traditional brokerage account can’t?
Almost everything a tokenized stock does today is worse than a brokerage account. You can buy the same share from a broker for free, with better execution and real settlement. Any product whose entire proposition is “the same stock, but onchain” is asking people to accept something worse in exchange for novelty. That is why most of this category has not gone anywhere.
As far as I can tell, the prime brokerage-style borrowing we have built is the first thing you can do with a tokenized equity that beats the offchain version rather than imitating it.
Strictly speaking, the strategy does not require tokenized stocks. What it requires is that the vaults live onchain, because that is what lets liquidity arrive permissionlessly. You need a two-sided market where anyone can be the lender and nobody has to be approved to become one. A brokerage cannot do that. It has to know and onboard every participant.
But it works best with tokenized equities, because they are programmable and borrowing is only one layer of what you can stack on them. Someone can post tokenized stock here, borrow stablecoins at 0% and put those stablecoins to work somewhere else onchain the same afternoon. Try that with shares at a broker. The asset there is inert by design.
Which tokenized equities will borrowers be able to use, and how do you decide which assets to support?
Eleven at launch, deliberately. They span large cap tech, AI, crypto-linked ETFs, pharmaceuticals, energy, gold and financials.
We wanted the initial launch to be targeted. It is also important to note that the volatility gap only behaves predictably in large, liquid, heavily traded names, where there is a deep options market and constant institutional hedging flow. Move down the market cap curve and the options thin out, spreads widen and the gap becomes erratic. You can still write the calls. You just cannot promise anyone a consistent return from doing it. So we could probably support most of the top 200 stocks, but not more than that for now.
The round brings together venture funds, a market maker, a digital asset bank, among others. What do these backers bring beyond capital?
Each of them answers a question we could not answer on our own.
Draper Dragon is the Asia question. We expect Asia to be a large share of our eventual user base, and their entire practice is bridging US technology into Asian markets.
Anchorage Digital is the custody question. They are the first federally chartered digital asset bank in the United States. If you want institutions anywhere near this, custody is the first thing they ask about and the first thing that disqualifies you.
Flow Traders is the market structure question. We write options against real collateral on a weekly cycle, which makes execution quality not a detail but the product itself. Having one of the world’s largest market makers look closely at how we do that is worth more than the check.
We did not take money from anyone whose only contribution was money.
Your angels include Solana Labs co-founders Anatoly Yakovenko and Raj Gokal, and former CFTC chairman Chris Giancarlo. How did those relationships come about?
Both came from the same habit: I talk to a lot of people, and I read what they write.
I had read Chris Giancarlo’s work long before I contacted him. He was writing years ago about financial instruments moving onchain, at a point when most of the industry was busy launching another L2 nobody needed. He was describing what we are building before there was anywhere to build it. He also understands the regulatory terrain from the inside, which matters enormously in this category. I sent him a cold message, and he took the meeting.
With Toly and Raj, we knew we wanted to build on Solana, so we applied to the Solana Incubator and got in. That put us in rooms with people across Solana Labs and the Solana Foundation over a sustained period. What we are building lines up closely with what they have said publicly about what Solana is for: real financial activity at a cost that makes it sensible to do onchain. The relationship grew out of the work rather than out of a pitch.
Spout isn’t on mainnet yet. What has the devnet beta taught you so far, and what needs to happen before the private beta opens?
The most useful thing it has told us is who actually shows up, and there are two distinct people.
The first wants exposure to a stock but also wants their capital to stay liquid. They do not want to choose between owning the position and having money to deploy. They post the stock, take the stablecoins and go do something else with them.
The second is a long-term holder who wants leverage, and for that person the interest rate is the entire decision. Over a few weeks, a 12% margin rate is an annoyance. Over three years, it compounds into a serious share of the return. That person is not really shopping for a loan. They are shopping for more exposure, and the cost of carry determines how much of it they can hold. For them, 0% is not a better deal. It is a different product.
Before the private beta opens, the gate is audited. The protocol holds other people’s equity collateral and writes options against it. There is no version of this where we open it up before the contracts have been through external review.
You describe the longer-term plan as a credit layer that issuers, exchanges and wallets can plug into. What would that look like for a partner in practice?
A white-label margin product that drops into someone else’s interface. An exchange, a wallet or a tokenized equity issuer can offer their own users 0% borrowing against their holdings without building any of the machinery underneath it. The API is built. An SDK and an MCP server are in progress.
The way I think about it, we are a layer, not a destination. The useful property of building this onchain is that other people can build on top of you without asking permission. There are financial instruments and funds that could be constructed on top of a 0% borrow that do not exist yet, and then instruments on top of those. We do not need to imagine all of them. We need to make the layer underneath dependable enough that other people bother.
Spout is not yet live on mainnet. Its beta runs on Solana devnet, and the company says the private beta will open after its smart contracts have completed external audits.
Ledger se stal prvním hardwarovým expanzním partnerem společnosti Solana Mobile. Zařízení Ledger Atom bude dodáváno s předinstalovanou aplikací Seeker, která propojuje peněženku s obchodem Solana dApp Store.
Revealed live at Ledger Op3n 2026, Ledger's new device, Ledger Atom™, will ship with the SolanadApp Store and wallet combined into one Seeker app.
, /PRNewswire/ -- Today, live on stage at Ledger Op3n 2026 in Paris, Solana Mobile, announced Ledger as its first hardware expansion partner. The SolanadApp Store and wallet will be combined into one Seeker app and integrated with Ledger Atom.
Ledger is Solana Mobile’s first hardware expansion partner. Ledger Atom™ will ship with the Seeker app preinstalled, giving Ledger users access to the Solana ecosystem.
The Solana dApp Store and wallet will be combined into one Seeker app on Ledger Atom.
This partnership builds on the hardware expansion Solana Mobile began in March 2026, when it opened the Solana Mobile Stack to Android manufacturers at Mobile World Congress in Barcelona. Every new device leveraging the Solana Mobile Stack brings more people into the SKR ecosystem. More people bring more builders. And more builders bring better apps, which bring the next wave of people. The SKR token is at the heart of it all, allowing users to be rewarded for participating in the ecosystem, developers for building and hardware manufacturers for integrating.
Ledger Atom is a new security and privacy device that leverages Android Open Source Project (AOSP) alongside a Secure Element (EAL6+) running Ledger OS, with the display and touch control physically isolated from the Android operating system. Seeker app will be integrated with this secure technology and preinstalled on the new device, serving as a gateway for Ledger users to the Solana ecosystem.
Ledger Atom will contain advanced anti-tampering and tamper-evident solutions from packaging to the device itself, including methods to help detect if the enclosure has been opened. Ledger Atom will only be sold directly on Ledger's official site.
"Great experiences come from teams who focus on the details, and Solana Mobile is one of those teams. Seeker made self-custody feel natural on mobile. Having the Seeker app on Ledger Atom from day one just makes sense, so Ledger users get access to the Solana ecosystem without giving up any of the security." — Ian Rogers, Chief Human Agency Officer, Ledger
Expanding beyond our own hardware
It's the right moment to expand: Seeker has proven people will hold and use their assets from hardware built for it, with over $13B in transaction volume on Seeker, 154 million transactions, and over 1,500 apps on the SolanadApp Store. The Seeker app on Ledger Atom gives users the best of both worlds: access to the world of Solana with the hardware expertise of Ledger.
App stores are one of the least contestable markets in the world. A few companies decide what ships and take up to a 30% cut of every transaction. Solana Mobile built the SolanadApp Store to change that. Developers can ship the crypto features other app stores often restrict, get reviewed in days instead of weeks, and reach an engaged audience that actually uses crypto every day. It was never supposed to live on just Seeker.
If you own a Seeker, nothing changes, Seeker will stay fully supported. If you build for Solana Mobile, the same SolanadApp Store submission now reaches an expanded audience across multiple devices. Ledger Atom users will join you in the Solana Mobile ecosystem as we bring the same experience to them with the Seeker app.
"The Seeker phone proved what a crypto-native mobile community can do: shipping over a thousand apps with billions in transaction volume from over 100,000 users, and founders finding their first customers in a matter of days. Now we're thrilled to take the Solana Mobile ecosystem further with Ledger, and I'm excited for Ledger Atom users to experience the magic that Seeker users have been experiencing for over a year." — Anatoly Yakovenko, Co-Founder and CEO, Solana Labs
What's in the Seeker app on Ledger Atom
The Seeker app will bring the core Solana Mobile experience to Ledger's hardware security model, enabling Ledger Atom users to:
Connect to the Solana ecosystem on day one. The Seeker app will be preloaded and featured on Ledger Atom's home screen.
Approve securely. Signing and approvals in the Seeker app will happen in Ledger Atom's Secure Mode, backed by the Secure Element and Ledger OS, so the transaction users confirm is the one they sign.
Discover apps. The SolanadApp Store will be built in, with 1500+ dApps available today on Seeker coming to Ledger Atom, spanning trading, payments, gaming, AI, and more.
How to reserve a Ledger Atom
Reservations for Ledger Atom are open now.
Get yours today: ledger.com/seeker
Missed the keynote? Watch the Ledger Op3n 2026 replay here.
About Solana Mobile
Solana Mobile Inc. shipped the Saga in 2023 and the Seeker in 2025, establishing the first production-validated mobile platform for hardware-secured digital asset management. With over 200,000 devices sold and $13B+ in transaction volume, we're now focused on scaling the platform through new hardware partners and the expansion of the economy around SKR, the native asset of the Solana Mobile ecosystem.
Solana 14. října otevřela kancelář v Šanghaji, což je pro významný blockchainový ekosystém první krok tohoto typu navzdory čínským omezením obchodování s kryptoměnami.
Solana has established a physical presence in China's financial hub, drawing attention from Binance founder Changpeng Zhao.
Solana opened a new office in Shanghai on October 14, marking a first for a major blockchain ecosystem. The foundation also showcased its brand on a giant LED display on the city skyline, giving crypto an unusually visible presence in mainland China.
Vibhu Norby, Chief Product Officer at the Solana Foundation, highlighted the office's location, saying Solana now occupies the highest commercially available office space in the world.
Rachel Conlan, the foundation's Chief Strategy Officer, also shared images from the opening and described the community's energy in Shanghai as “incredible”.
The move attracted attention from Binance founder Changpeng “CZ” Zhao, who noted that BNB Chain had not managed a similar expansion into China. "It's amazing to see that Solana was able to advertise and even get an office in China," Zhao wrote on X. "BNB Chain was not able to do this, so far."
He added that he hoped “what's good for one industry player” would benefit the wider industry.
How Solana Is Navigating China's Crypto Restrictions Solana's presence in Shanghai stands out because mainland China has maintained strict restrictions on cryptocurrency trading and related financial activities since 2021.
However, the country's restrictions on crypto speculation do not amount to a blanket ban on blockchain technology. Chinese authorities continue to support blockchain infrastructure and other technology initiatives, creating a distinction between developing the underlying technology and promoting cryptocurrency trading.
Solana's recent activities in China appear to follow that distinction. Earlier in March, Solana launched the Shanghai Builder Station at the Alibaba Center in Hongqiao, with support from the Minhang District. The initiative positioned the location as a collaborative base for developers working on Layer 1 infrastructure and applications, rather than directly promoting crypto trading.
Community commentary has since highlighted Solana's emphasis on AI agents, robotics, Physical AI, developer collaboration, and hardware supply chains as a way to engage Chinese technology professionals while avoiding an emphasis on tokens, memecoins, and speculative trading.
However, the distinction does not eliminate regulatory risk. Chinese community members have raised concerns about the visibility of Solana's branding and the possibility of stricter scrutiny. One account also reported restrictions on related $SOL content on Douyin, China's video-based social media platform.
.
Solana Accelerate China Heads to 4 Cities The Shanghai office opening comes just ahead of Solana Accelerate China, a series of events scheduled to connect Chinese developers, founders and investors with the wider Solana ecosystem.
The schedule includes Shanghai on October 16, Hangzhou on October 18, Shenzhen on October 20, and Beijing on October 22. The tour gives Solana an opportunity to build relationships with China's tech community, particularly developers working across AI, robotics, and blockchain infrastructure.
Solana's Shanghai presence also gives the foundation a physical base for engaging with local builders beyond individual conferences and community gatherings.
What Solana's China Expansion Means Solana's new office and high-profile advertising represent a notable step for a blockchain ecosystem operating in a country with strict cryptocurrency restrictions. CZ's reaction further highlights how unusual the development appears within the industry.
Still, a physical office and a prominent advertising display do not establish that Chinese authorities have relaxed their position on cryptocurrency. Solana's longer-term progress in the region will depend on its ability to maintain local relationships, support technology development, and navigate the country's regulatory boundaries.
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Internet Computer (ICP) has launched ckSOL, a token backed 1:1 by Solana's SOL, letting ICP DeFi apps hold SOL alongside Bitcoin and Ether without a bridge company.
Internet Computer (@dfinity) has launched ckSOL, its official token backed 1:1 by $SOL. The SOL sits in Solana addresses controlled by ICP's nodes, which sign together without any one holding the full key.
DeFi apps on ICP can now hold SOL next to $BTC, $ETH and $ICP. The launch completes Solana support, which first reached ICP developers in mid-2025.
How ckSOL worksckSOL is the chain-key token representing SOL on the Internet Computer. According to the ICP developer documentation, it is backed 1:1 by SOL held in a canister-controlled Solana address, in the same way as ckETH. A minter canister monitors Solana deposits and mints ckSOL tokens that follow the ICRC-1 and ICRC-2 standards. To withdraw, a user burns ckSOL, and the system signs a Solana transfer using chain-key Ed25519 signatures.
The signing is spread across the network. The same documentation says each canister can have its own Solana wallet address, with signing performed collectively by subnet nodes without reconstructing the private key.
Governance approval came first. Solana Compass reported that the ckSOL minter, ledger and index were installed by a vote of the Network Nervous System, ICP's on-chain governance system, on 12 October 2026. It added that SOL deposited with the minter stays in the minter's Solana addresses until it is withdrawn, so activity is visible on Solana. For holders, the outlet described ckSOL as a route into ICP DeFi apps as they add support, with a canister acting as custodian instead of a bridge company.
Building on mid-2025 Solana supportICP's Solana work began with reading and writing to the network. The Defiant published DFINITY's June 2025 announcement of the integration, which let ICP canister smart contracts interact with Bitcoin, Ethereum and Solana. At that stage there was no SOL-backed token. A DFINITY engineer said on the developer forum in 2025 that there was no plan at the time for a ckSOL, so dapps would need to handle that themselves.
ckSOL follows the pattern of ckBTC and ckETH. DFINITY's code repository describes it as modeled after ckETH, and notes that the minter remains under active development and subject to change.
The practical effect is that SOL can now be used inside ICP applications without a separate bridge operator. Whether developers adopt it will depend on how quickly DeFi apps on ICP add ckSOL support.
SourcesInternet Computer docs: Solana integration
Solana Compass: ckSOL goes live
The Defiant: DFINITY announces Solana integration
Solana otevřela v Alibaba Center v šanghajské čtvrti Hongqiao první Builder Station pro čínsky mluvící trh, zaměřenou na vývojáře, infrastrukturu 1. vrstvy, AI a robotiku.
Solana now has a physical address in Shanghai. Its first Builder Station for the Chinese-speaking market opened on March 20, 2026, at the Hongqiao Alibaba Center.
That is a notable move for a crypto network in a country where virtual currencies face tight restrictions. Solana is setting up shop anyway, and it is choosing its words carefully.
A builder hub, a tall office and a four-city tour
The Shanghai Builder Station has backing from the local government of the city’s Minhang District. It is meant to be a long-term base for collaboration on Layer 1 infrastructure and the applications built on top of it.
Calling it a “Builder Station” rather than a sales office is a deliberate signal. The pitch is aimed at developers, not traders.
On October 14, 2026, Solana’s Chief Product Officer Vibhu drew attention to the Shanghai location. He claimed the team occupies the world’s highest commercially available office space, a claim Solana Foundation President Lily Liu backed up.
Two days later, the Solana Accelerate China tour kicks off. It runs from October 16 to 22, 2026, and stops in four cities: Shanghai, Hangzhou, Shenzhen and Beijing.
The agenda centers on technology infrastructure, AI development and robotics. Direct promotion of digital assets is off the table, given China’s restrictive rules on virtual currencies.
Why China, and why this way
Solana’s approach reflects that reality. By leaning into infrastructure, AI and robotics, it can engage engineers and companies without stepping into token promotion.
The local government involvement is worth noting too. Support from Minhang District suggests Shanghai officials see value in hosting developer activity tied to the technology, even while virtual currency rules stay strict.
What this means for Solana and its rivals
The most direct comparison is BNB Chain. Solana has opened an office and advertised in China, while no comparable recent physical presence from BNB Chain has been reported there.
Because token promotion is avoided, any benefit is more likely to show up in developer activity and partnerships than in direct retail demand from mainland users.
The focus on AI and robotics is also telling. It positions Solana alongside sectors that already draw serious attention in China, which could make the blockchain pitch easier to hear.
Turnout and partnerships from the October 16 to 22 tour will show whether the developer-first approach is landing.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
Samsung Wallet a Samsung Pay koncem října zpřístupní oprávněným uživatelům zařízení Galaxy v USA převody USDC prostřednictvím sítě Solana; služba bude dostupná na 82 milionech kompatibilních zařízení.
Samsung is putting a stablecoin in the same app where people keep their boarding passes. On October 7, 2026, Samsung Electronics said its Wallet and Pay apps will support USDC transfers on the Solana blockchain for eligible US users.
The rollout is scheduled for the last week of October. It covers 82 million compatible Galaxy devices.
How the Samsung Wallet USDC feature works
USDC is a stablecoin, a digital token designed to track the US dollar one for one.
Inside Samsung Wallet, eligible users will be able to send USDC to external wallets that accept it. They can also convert it into local currency and deposit it into bank accounts in more than 60 countries.
Samsung says it will not charge a fee for sending USDC to external wallets. That is not the same as free, though. Network fees or fees on the recipient’s side may still apply.
Access comes with guardrails. The service is limited to US residents who are 18 or older. Users must pass identity verification and confirm transactions with biometric authentication.
The feature requires a compatible device running Android 13 or later.
The partners behind the curtain
Samsung is not building the plumbing alone. Solana provides the blockchain infrastructure that moves the tokens, while Bastion supplies a licensed stablecoin framework for the payment service.
Coinbase serves as sub-custodian of the USDC. A custodian is the party that actually holds the assets, so Coinbase handles safekeeping while Samsung owns the front end.
Sui is also listed as a supporting blockchain partner. Solana, however, is the chain named for the USDC transfers at launch.
Solana’s stablecoin numbers
The deal lands as Solana’s stablecoin business has been expanding. Stablecoin supply on the network grew by nearly 20% year over year.
Solana processed more than $5.25 trillion in stablecoin transaction volume in 2026. Its stablecoin supply also hit a record $17.51 billion in September 2026.
The announcement did not come out of nowhere. In July 2026, Samsung teased that stablecoin features were coming but did not reveal which blockchain or which issuer it would use.
That left about three months of speculation. The October reveal answered both questions: USDC as the stablecoin and Solana as the rails.
The news has also fed bullish commentary. A Motley Fool contributor pointed to the integration in a piece titled “Here’s Why I’m Buying Solana Right Now.”
What this means for Solana, USDC, and payments
The most important number here is 82 million. Crypto companies have spent years trying to coax consumers into downloading new apps and opening new accounts. Samsung is skipping that step by putting stablecoin transfers into software already installed on its phones.
Cross-border transfers look like the clearest use case. The ability to cash out into local bank accounts in more than 60 countries targets that pain point directly.
The service is US-only at launch, and expansion to other markets depends on local regulations.
The eligibility rules will also narrow the audience. Not all 82 million device owners will be adults who pass identity checks, run Android 13 or later, and actually want to send stablecoins.
Samsung waiving its own charge is helpful, but users may still see network or recipient-side costs.
Disclosure: This article was edited by Kaye Quema. For more information on how we create and review content, see our Editorial Policy.
SkyAI prodala 1 milion tokenů SOL za zhruba 107 milionů USD a může v prodeji pokračovat; akcionář Bastion Trading kvůli nedostatečnému zveřejnění informací odmítá nabídku odkupu.
Nasdaq-listed company SkyAI, which centers its digital asset reserves on Solana, previously held over 2 million SOL tokens. Since October, the firm has transferred around 1.57 million SOL, valued at roughly $175 million; SkyAI disclosed it recently sold 1 million SOL for approximately $107 million, and noted it may continue selling. On-chain data shows its average purchase price was around $194, with an unrealized loss of over $160 million based on recent prices. A Form 8-K filed on October 13 revealed the company’s SOL holdings had dropped to roughly 600,000 tokens, a nearly 70% reduction from the "over 2 million" figure cited in mid-September. The timing of the sales, average transaction price, and approval process were not fully disclosed to shareholders previously. Major shareholder Bastion Trading, which holds approximately 9.99% of outstanding common shares, issued a statement today expressing serious concerns over SkyAI’s cash tender offer announced on October 11, stating it will not participate until its concerns are adequately addressed. The firm demanded immediate full disclosure of SOL disposal details, an independent review, a board restructuring, and an increase of the tender offer price from $3.00 per share to at least $3.50 per share, among other requests. Bastion Trading also noted that at the 2026 annual general meeting, all five incumbent directors received far more abstentions than votes in favor, with some ratios approaching 3-to-1, questioning whether the current board, having lost shareholder confidence, still leads the sale of core reserves and the tender offer.
Internet Computer dosáhl v uplynulém týdnu průměrně 1 816 transakcí za sekundu, zatímco Solana vedla s 1 896 transakcemi za sekundu; rozdíl činil přibližně 80 transakcí za sekundu.
Internet Computer (ICP) averaged about 1,816 transactions per second over the past week, narrowing the gap with Solana (SOL), which still leads at 1,896 tx/s, per Chainspect data.
Internet Computer is closing in on Solana in real-world throughput. Over the past week, @dfinity's network averaged about 1,816 transactions per second (tx/s), according to @chainspect_app data.
@Solana still leads the metric at 1,896 tx/s. However, $SOL's figure has fallen by nearly 1% over the period, while the throughput of $ICP, the native token of Internet Computer, has climbed by 6.33%. On those numbers, the gap between the two networks is now around 80 tx/s.
How the gap has narrowedThe latest reading is a notable shift from recent snapshots. In mid-September, Chainspect's weekly ranking put Solana at 1,710 tx/s and Internet Computer at 1,502 tx/s, a difference of 208 tx/s, Hokanews reported. In that ranking, BNB Chain was third at 213.7 tx/s, well behind both networks.
Rankings between the two chains have also swung with the measurement window. Chainspect figures cited by The Crypto Times showed Solana ahead on a one-hour basis in August, at 1,635 tx/s versus 1,309 tx/s for Internet Computer. By contrast, a May report from Bankless Times said Internet Computer averaged 2,554 tx/s over a week, against 1,153 tx/s for Solana. Short-term load can move these figures considerably.
Why the numbers differThe two networks are built differently. Internet Computer splits its workload across more than 49 independent subnets, each running its own consensus, which lets the chain scale horizontally rather than through a single execution layer, Bitget News reported citing Chainspect. Solana relies on a single high-speed chain.
Chainspect's cumulative data also shows Internet Computer ahead on lifetime transactions. As of 11 August, it recorded a total of more than 298 billion for Internet Computer, compared with 121 billion for Solana, according to The Crypto Times.
Throughput is only one measure of network health. Usage and token valuation have not moved in step: Startup Fortune noted that ICP traded near $2.11 even as Internet Computer's cumulative count passed 300 billion transactions. Whether Internet Computer can overtake Solana on weekly real TPS will depend on whether the recent trend holds.
SourcesChainspect: Solana vs ICP comparison
The Crypto Times: Internet Computer (ICP) tops blockchain transactions chart
Hokanews: Solana, Internet Computer lead crypto networks in real TPS
Implikovaná volatilita opcí na SOL se splatností za dva dny během týdne vzrostla o 18,3 procentního bodu, což signalizuje prudce vyšší poptávku po krátkodobém zajištění.
Solana options traders had a busy week. Implied volatility on SOL contracts with 2 days left to expiry climbed by 18.3 points over the span of a single week.
What the options market is pricing Implied volatility, or IV, is the market’s guess at how wildly an asset will swing, backed out from what people are willing to pay for options.
Data from options analytics provider Derivasys shows how jumpy that pricing has been. On October 9, 2026, SOL’s one-week at-the-money IV dropped 8.58 points to 49.63%. A later October snapshot showed the same one-week measure rising 7.16 points to 54.04%.
Zooming out a bit, the 30-day at-the-money IV sat around 54.9% as of mid-October 2026. The front expiry, meanwhile, was pricing in IV near 66.6%.
When near-dated options cost more than longer-dated ones, the volatility curve is said to be inverted, which is options-speak for “the worry is immediate.”
Realized volatility is running hot too SOL’s realized volatility over the previous 30 days came in at 64.3% as of October 2026. Here, the actual swings over the past month have outpaced the 54.9% that 30-day options are implying. Only the front expiry, at roughly 66.6%, is pricing turbulence at or above what SOL has actually delivered.
A thinner market than Bitcoin or Ethereum SOL options open interest stood at approximately $117 million as of mid-October 2026. The research describes SOL’s open interest as relatively thin compared to larger players like Bitcoin and Ethereum.
The put/call ratio sits around 0.80. Max pain, the strike price at which the largest number of options would expire worthless, was hovering at $110.
The premium over Bitcoin Spreads between SOL and BTC one-week at-the-money IV have been observed in the range of 18 to 24 points. The Derivasys data also highlights that SOL’s short-dated IV is more reactive than both BTC and ETH.
Why a 2-day tenor matters A jump of 18.3 points at that tenor suggests demand for very short-term exposure picked up meaningfully. The research points to robust hedging demand alongside the potential for speculative activity as market sentiment shifts.
Short-dated options also feed back into spot markets. Dealers who sell those contracts often hedge by trading the underlying asset, which can amplify moves in either direction when expiry approaches.
What this means for traders With 30-day realized volatility at 64.3% and 30-day IV at 54.9%, traders selling longer-dated options are effectively betting SOL calms down.
Max pain at $110 gives expiry watchers a reference point showing where option sellers would collectively prefer SOL to settle when contracts roll off.
The put/call ratio near 0.80 shows calls still lead, yet the put side carries enough weight to signal that plenty of participants want a safety net in place.
The 18 to 24 point spread over Bitcoin is a measure of how much extra turbulence SOL carries compared to the market leader. According to the research, any significant price move could trigger amplified reactions in SOL’s options market, with knock-on effects for positioning across the broader crypto landscape.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Render Network a Solana 16. listopadu na konferenci Breakpoint 2026 v Londýně představí výstavu 15 umělců s původními 3D díly vytvořenými prostřednictvím decentralizované GPU infrastruktury Render Network.
Render Network and Solana are set to highlight decentralized rendering technology at an immersive digital art exhibition in London during Breakpoint 2026. The event, called BEYOND THE FRAME, is scheduled for November 16 and will feature 15 artists displaying original 3D works powered by the Render Network. This initiative comes as market participants watch RENDER’s price rebound from recent lows.
Immersive Digital Art Event Scheduled for Breakpoint 2026BEYOND THE FRAME will take place at FRAMELESS London, coinciding with Solana’s Breakpoint 2026 conference. Organizers plan for the event to run from 7:30 PM to 10 PM, inviting participants to experience 3D art specifically created for the venue’s immersive rooms.
All artwork will be rendered using the decentralized GPU infrastructure of the Render Network, which connects artists and creators with distributed computing resources. Attendance at the event is complimentary, though capacity is limited due to venue constraints.
The collaboration between Solana, a high-throughput blockchain designed for decentralized applications, and Render Network marks a notable merger of creative and technical communities, bringing additional attention to both ecosystems.
Render Network says the show aims to reveal how its distributed computing platform can deliver visually striking experiences in real time. However, the announcement does not mention any direct uptick in network revenue or user count as a result of this event, leaving the broader impact on adoption yet to be determined.
Decentralized Rendering Expands RENDER’s Use CaseRender Network is a decentralized protocol that allows creators to access global GPU computing power for graphics-intensive workloads. The platform’s model enables 3D rendering, animation, and visual effects to be processed outside of traditional centralized data centers.
By supporting exhibitions like BEYOND THE FRAME, Render Network highlights its practical use cases beyond cryptocurrency speculation. The event is expected to attract digital creators and stakeholders from both the art and blockchain sectors, although its long-term effects will depend on follow-up demand for decentralized rendering solutions.
Key indicators for the platform include overall network usage, the amount of rendering completed, and aggregate demand for GPU resources. While the upcoming exhibition serves as a public demonstration of the technology, no guarantees on sustained ecosystem growth can be drawn from a single event.
Mini dictionary: Render Network, a decentralized GPU computing platform, lets users tap into a distributed network of providers for rendering tasks such as 3D graphics, visual effects, and augmented reality, reducing reliance on centralized infrastructure and increasing accessibility for creators.
Analyst Sees Key Technical Levels for RENDERRENDER recently fell to an intraday low of $1.76 before recovering to the $2 range. Technical analysis by Bitcoin Meraklisi, a crypto analyst, points to $2.43 as the immediate resistance level. If RENDER can surpass this price, the recovery could accelerate.
Additional price targets identified are $4.16, $6.56, and $11.58, with each level contingent on sustained buying pressure and positive market conditions. Regarding vulnerabilities, a decline below $1.76 would threaten the current bullish structure, making it a crucial support to monitor.
Bitcoin Meraklisi considers the recent uptrend as a possible end to RENDER’s accumulation phase and expects a stronger breakout if the coin surpasses technical resistance. The possibility of testing higher levels depends not only on chart dynamics but also on broader crypto sentiment and network activity.
Traders are closely watching the $2.43 resistance, while an increase in rendering activity across the ecosystem would provide additional market support.
As of now, achieving the outlined technical goals will require further positive momentum, both on the price chart and through adoption of the Render Network’s core technology.
Price LevelSignificance$1.76Key support (recent low)$2.43Immediate resistance$4.16Next upside target$6.56Intermediate bullish target$11.58Major long-term goalThe BEYOND THE FRAME exhibition provides a platform for Render Network to demonstrate practical benefits, while traders continue to evaluate technical price action and project milestones for signs of continued strength.
Most trading in tokenized stocks on major blockchains now takes place outside regular US market hours, offering an early indication that around-the-clock trading could be one of the biggest advantages of putting equities onchain.
According to Blockworks data cited by The Kobeissi Letter, more than 70% of tokenized stock trading volume on BNB Chain occurs outside the traditional 9:30 am to 4 pm Eastern trading session. The figure is 63% on Solana and nearly 60% on Base.
Meanwhile, Jupiter, a major Solana-based trading platform, reported a 50% month-over-month increase in tokenized asset trading volume.
Source: The Kobeissi Letter
The figures suggest investors use tokenized stocks to trade when traditional US exchanges are closed, rather than simply replicating activity during regular market hours.
The growth comes as tokenized stock values have increased by 15% over the past 30 days to nearly $3.3 billion, according to RWA.xyz data. A significant portion of that value is concentrated among issuers such as Ondo Global Markets, xStocks and bStocks, whose tokens are issued and traded across different blockchains.
Wall Street moves toward onchain stock tradingThe growth in round-the-clock trading comes as US regulators begin opening the door to tokenized equities in traditional markets. Last month, the Securities and Exchange Commission (SEC) introduced an “innovation exemption” allowing qualifying venues to trade tokenized US-listed stocks on public blockchains.
SEC Commissioner Mark Uyeda said participating venues must publish transaction data in US dollars, including trade prices, sizes, timestamps and daily trading volumes. They must also disclose liquidity pool addresses and balances.
Unlike existing tokenized stock products such as xStocks and Ondo Global Markets, which are generally unavailable to US investors, the SEC exemption allows qualifying venues to offer tokenized US equities domestically, provided they preserve shareholder rights and meet trading and disclosure requirements.
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Solada.fun, which calls itself the first Cardano launchpad on Solana, recorded 129,500 ADA in trading activity over the past 24 hours.
The development highlights strong interest in its cross-chain token launch platform. In an October 13 update, the platform reported 277 users, including 176 active traders. It also had 34 live token launches: 24 on Solana and 10 on Cardano.
Two tokens, $PAWS on Solana and $JUSTQ on Cardano, also graduated from the platform. Users earned more than 4,000 ADA in rewards during the same period.
These figures show Solada.fun’s early efforts to connect Cardano users and creators with Solana’s trading ecosystem.
Cardano and Solana numbers on Solada
How Solada Connects Cardano and Solana
Solada.fun launched its ADA-focused platform on October 9 as the first launchpad to connect Cardano and Solana. The project later confirmed that its cross-chain features were live.
The platform lets creators launch tokens on Solana through Pump.fun using Cardano wallets. Solana users can then buy and trade these tokens without needing a Cardano wallet.
This makes it easier for users to access projects on another blockchain without switching ecosystems.
Solada says it manages token supply across both blockchains using custodial reserves. It charges a launch fee of 15 ADA to help cover costs and liquidity, while creators receive rewards in ADA.
The platform aims to help Cardano creators reach more traders on Solana while still using ADA for parts of the process.
Could Solana Help Cardano Projects Reach More Users?
X user Kat said Cardano projects could reach more people by going where traders already are instead of trying to bring them to Cardano. Solana has a large trading community and strong liquidity, making it an attractive option for Cardano creators who want to reach more users.
The idea is to bring Cardano projects to Solana’s existing traders rather than asking those traders to switch to Cardano.
Credit where it's due, this is exactly the type of project that blows up in other ecosystems, is this going to be Cardano's moment?@soladafun is the 1st Cardano launchpad on Solana 👀
Creators can launch tokens on Solana using ADA/Cardano wallets, and Solana users can buy…
— Kat (@TheRealWeb3Kat) October 12, 2026
Solada’s latest figures show early user activity, and analysts are watching to see the platform maintain trading volumes, rewards, and user growth over time.
The platform has launched tokens on both Solana and Cardano, suggesting it aims to serve both communities. Solada’s long-term success will depend on keeping traders active, supporting token performance and maintaining growth beyond its initial launch period.
Grayscale během posledních 20 dní nakoupil pro ETF GSOL SOL za 20,2 milionu USD, zatímco VanEck během poslední obchodní seance prodal SOL v hodnotě zhruba 700 000 USD.
Grayscale is experiencing robust inflows to its Solana ETF, GSOL, as investor demand continues to grow. Newly released data from Arkham Intelligence reveals that Grayscale acquired $20.2 million in Solana over the past 20 days, highlighting consistent daily buying activity.
Strong inflow momentum for Grayscale’s GSOLGSOL has recorded steady inflows throughout the last month, with only one day of outflows during this period. Most sessions demonstrated new capital entering the fund, reinforcing Grayscale’s appeal among investors seeking exposure to Solana through exchange-traded products.
Institutional players have shown particular interest in the product, with market analysts noting that Grayscale’s ETF, despite launching only recently, has quickly established itself as a key vehicle for Solana investment.
The data shows that the Grayscale Solana ETF saw consistent demand from investors as it recorded a steady influx of fresh capital on most daily trading sessions over the last month.
When compared to competing Solana exchange-traded funds, GSOL’s inflow record stands out. Even during short-lived market volatility, only minimal withdrawals were recorded, suggesting ongoing confidence among existing investors.
VanEck’s VSOL faces outflows amid volatilityIn contrast, VanEck’s VSOL ETF has reported investor withdrawals as participants reacted to recent fluctuations in the digital asset market. The latest available trading session saw VanEck selling approximately $700,000 worth of SOL, signaling a cooldown in investor appetite for this particular Solana product.
Market observers have noted that, during the same period, Grayscale did not report any sales—reflecting a notable divergence in fund flows between the two ETF providers. This difference has further elevated Grayscale’s position in the evolving Solana ETF landscape, supporting the impression that GSOL is attracting a greater share of institutional and retail attention.
Investor behavior and meme token activityThe current environment emphasizes the importance of tracking inflows, outflows, and investor behavior when analyzing ETF performance and broader market sentiment. In the highly volatile meme token market, sharp capital movements are common. An online trend can drive millions of dollars of activity within days. For example, Fomo App data highlighted a trade that turned a $99 investment in “Niu Lai” into roughly $370,000, illustrating the pace and intensity of shifts in this sector.
Monitoring the timing and token selection by market participants is becoming increasingly vital. Fomo App offers a platform that combines token discovery, real-time trading, and investor ranking features. By providing social feeds and trade notifications, Fomo App enables users to monitor meme token trends alongside overall investor activity.
With GSOL continuing to attract steady inflows and VanEck facing outflows, Grayscale is steadily strengthening its presence in the Solana exchange-traded fund market. The divergence in fund flows between competitors underlines the shifting preferences of institutional and retail participants in crypto investment products.
Solana plánuje 21. října spustit na mainnetu konsenzuální upgrade Alpenglow, který má zkrátit finalitu transakcí na 150 milisekund. Oficiální dokumentace toto datum zatím nepotvrdila.
Solana logo, official brand asset from solana.com/branding. Alpenglow is a Solana consensus upgrade.
Alpenglow, Solana’s most significant consensus upgrade, is scheduled to launch on the mainnet on October 21, aiming for a substantial reduction in transaction finality time to 150 milliseconds. This upgrade, announced via social media, seeks to replace the existing TowerBFT voting layer with direct validator votes and aggregate certificates. Although this announcement marks a major milestone for Solana, official documentation has yet to confirm the October 21 activation date. The anticipated upgrade is expected to enhance network performance significantly, potentially impacting Solana’s competitive position.
Market participants are closely monitoring the unfolding developments, as the Solana (SOL) token was near $107 on October 13, down approximately 4% on the day. The prospect of faster transaction finality and reduced on-chain voting overhead suggests that the network’s performance could improve substantially if the upgrade proceeds as planned. This has implications for Solana’s pricing in prediction markets, where the likelihood of reaching higher price thresholds in October is being actively assessed.
Key Takeaways
Activity suggests anticipation of Solana’s Alpenglow upgrade, which aims to significantly enhance network speed and efficiency.
Pricing in prediction markets appears consistent with expectations of increased investor confidence following a successful upgrade.
Current Solana pricing reflects a cautious approach, with potential for upward adjustments as the upgrade date approaches.
What to Watch
Observers are focused on Solana’s official confirmation of the Alpenglow upgrade activation date. A successful mainnet launch on October 21 could alter market dynamics significantly, possibly leading to price increases. Conversely, any delays or technical issues could dampen investor sentiment. Key actors in the Solana ecosystem, including co-founders Anatoly Yakovenko and Raj Gokal, may provide further insights as the launch date nears. Market participants will also be watching for regulatory developments and broader cryptocurrency market trends that could influence Solana’s pricing trajectory.
Universal rozšiřuje stablecoin USDU na blockchain Solana pro institucionální vypořádání. USDU je krytý rezervami v poměru 1:1 a v SAE je registrován jako zahraniční platební token pro platby související s digitálními aktivy, nikoli pro obecné domácí platby na pevnině SAE.
Universal has announced the expansion of its dollar-backed USDU stablecoin to Solana, extending its UAE-regulated issuance framework and 1:1 reserve backing to another blockchain for institutional settlement.
Summary
USDU’s Solana integration will support transfers, digital asset settlement, and institutional treasury management.
Universal says dollar reserves back USDU 1:1, with independent attestations published each month.
Aquanow will provide distribution and institutional access across supported markets.
USDU’s UAE registration permits digital asset payments but excludes general mainland domestic payments.
Universal said in its announcement that eligible participants will be able to hold and transfer USDU on Solana, using the network for dollar-denominated transactions around the clock. The issuer identified digital asset settlement and treasury management among the intended uses, alongside other on-chain financial activities.
Under the terms described by Universal, access remains focused on professional and institutional participants in the UAE and permitted international markets. The company said Aquanow, its global distributor, will connect eligible participants with the stablecoin through its institutional distribution infrastructure.
USDU’s Solana expansion targets institutional settlement
Through the integration, Universal said USDU will become available across additional wallets, platforms and financial applications that support Solana. The company described the network’s transaction speed, low costs, and continuous operation as reasons for extending the stablecoin to the blockchain.
Juha Viitala, Universal’s senior executive officer, tied the expansion to institutional access to digital dollars.
“Expanding USDU to Solana brings the reach of regulated, USD-denominated liquidity to one of the most active environments for on-chain payments and financial applications.”
In the same statement, Viitala said the combination of USDU’s UAE regulatory framework and Solana’s infrastructure would give eligible institutions flexibility in how they “access, move and deploy digital dollars on-chain.”
For distribution, Universal said Aquanow will handle connections with institutions and professional participants across supported markets. Aquanow describes its customers and partners as banks, neobanks, brokerages and payment companies, with regional teams operating across North America, the Middle East, Europe and Asia.
According to the announcement, Aquanow’s UAE business operates through Aquanow ME FZE, which is regulated by Dubai’s Virtual Assets Regulatory Authority. Its licensed activities include broker-dealer services, lending and borrowing, and management and investment services.
UAE authorization limits USDU to specified payment uses
Universal said USDU is the first dollar-backed stablecoin registered with the Central Bank of the UAE as a Foreign Payment Token. The company identifies that registration as the basis for its permitted use in digital asset-related payments within the country.
For UAE transactions, Universal’s disclosures state that USDU may be used to purchase digital assets and digital asset derivatives. The issuer expressly excludes general payment purposes in mainland UAE, including domestic payments.
Within Abu Dhabi Global Market, Universal Digital Intl Limited is separately regulated by the Financial Services Regulatory Authority to issue a Fiat-Referenced Token to Professional Clients only, according to the company’s regulatory disclosures.
On reserve backing, Universal said it holds one dollar in reserves for each USDU token. The issuer also said independent attestations are published monthly, allowing participants to review reports covering the reserves.
USDU already has a connection to dirham-denominated settlement. In a May 7 report, crypto.news covered a regulated stablecoin conversion framework linking USDU with the dirham-backed AE Coin, supported by Al Maryah Community Bank. The companies described the arrangement as infrastructure for institutional settlement, liquidity management, treasury operations, and cross-border transactions.
For that conversion service, the companies identified Aquanow and Changer.ae as the initial access providers. They also said future integrations could support trade finance and multi-currency settlement, presenting those services as potential extensions rather than completed launches.
Bitcoin.com previously added an Ethereum access route
Before the Solana announcement, Bitcoin.com outlined plans to add USDU wallet support on Aug. 19. The agreement covered its web and mobile self-custodial wallet, with USDU supported as an ERC-20 token on Ethereum.
According to Bitcoin.com, users would be able to hold, send, and receive the token while retaining control of their private keys. The company said availability would depend on local rules, with additional services relying on integrations from outside providers.
Beyond storage and transfers, Bitcoin.com said it planned to accept USDU for designated services and work toward payments between users and merchants across its products. Swaps and fiat purchase and sale functions were expected to follow when third-party providers supported the stablecoin.
The wallet announcement also included educational material explaining fiat-backed stablecoins, reserve attestations and regulated issuance. Bitcoin.com said users would receive that information through its Learn-to-Earn content and a dedicated stablecoin education series.
Solana payment products already serve business and remittance users
For U.S. business payments, Ramp described a separate Solana-based service in July that lets companies fund overseas stablecoin transfers from dollar bank accounts. Its Solana-powered stablecoin accounts, reported on July 22, support USDC and USDT rather than USDU.
Through Ramp Bill Pay, the company said customers could fund payments from a U.S. dollar bank account or Ramp Checking, with the money converted into USDC or USDT before delivery to a recipient’s wallet. Stablecoin balances sit alongside cash accounts and use existing approval policies and accounting integrations, according to Ramp.
The company said its service supported vendor payments in more than 140 countries and fiat payouts in over 40 local currencies. Ramp also reported that more than 1,000 businesses used stablecoins for vendor payments, with over 70% of their payment volume occurring outside traditional banking hours.
In consumer remittances, Western Union and Rain launched the Stablecard wallet on Aug. 4 across 37 markets, according to an Aug. 5 report. The product uses Western Union’s USDPT stablecoin, issued on Solana by Anchorage Digital Bank and redeemable 1:1 for U.S. dollars.
According to Western Union, customers can receive eligible remittances into Stablecard, transfer USDPT from compatible wallets or exchanges, and spend through Visa merchants or withdraw through ATMs. Rain built the application, embedded wallet, and card infrastructure, while the product’s disclosures state that ATM charges, foreign exchange costs, and other fees may apply.
Raydium has announced the launch of $INJ token staking on the Solana platform, as revealed by Injective on social media. This development enables increased participation and liquidity for INJ within Solana’s decentralized ecosystem, which includes decentralized exchanges (DEXs) and wallet services. Since becoming a Solana SPL token in September 2026, INJ has been actively integrated into the Solana network, with Raydium providing a pivotal venue for its exchange.
Key Takeaways
The launch of $INJ staking on Solana by Raydium appears to enhance INJ’s integration within Solana’s decentralized environment.
Market pricing suggests this development could be consistent with a positive outlook for Solana, potentially increasing its user base and liquidity.
Current market pricing reflects a cautious but possibly optimistic view of Solana reaching higher price thresholds in October 2026.
What to Watch
Observers will be keen to see if the introduction of $INJ staking influences Solana’s price trajectory, particularly regarding the “Will Solana reach $190 in October?” market. Any subsequent announcements from Solana Labs or partnerships that further solidify Solana’s ecosystem could align with scenarios supportive of a YES outcome in related prediction markets. Additionally, broader market trends and regulatory developments could impact these expectations.
SkyAI prodala zhruba 1 milion SOL, tedy polovinu svých kryptoměnových rezerv, aby pomohla financovat odkup až 95 % svých nesplacených akcií a warrantů v maximální hodnotě 201 milionů USD.
Solana treasury company SkyAI has sold approximately 1 million SOL, or half of its cryptocurrency reserves, as it prepares a cash tender offer worth up to $201 million to repurchase most of its outstanding shares and warrants.
Summary
SkyAI has confirmed selling approximately 1 million SOL, representing half of its cryptocurrency reserves, to help fund a planned $201 million share buyback.
Blockchain analyst Ember reported another 211,623 SOL transfer to Coinbase Prime, estimating total disposals at roughly $138 million over five days.
SkyAI plans to repurchase up to 95% of its outstanding shares and warrants at $3 each, with the tender offer expected to begin around October 15.
The company rejected an unsolicited acquisition proposal from Forward Industries after its board concluded that the offer undervalued SkyAI.
According to an October 11 company announcement, the Nasdaq-listed firm plans to use existing cash and proceeds from Solana sales to purchase up to 95% of its common stock and three classes of warrants at $3 each.
SkyAI, which trades under the ticker SKYA, confirmed that it had recently sold roughly 1 million SOL and still held approximately 1 million tokens when the announcement was issued. The company said it was monitoring Solana’s market price and could sell more tokens depending on market conditions.
Blockchain analyst Ember reported on October 12 that another 211,623 SOL had been transferred from a wallet associated with SkyAI to Coinbase Prime.
The analyst estimated that approximately 1.25 million SOL, worth $138 million, had been sold or moved toward trading venues over five days. However, the latest exchange transfer does not independently establish that the tokens were sold.
SkyAI’s Solana sales follow several large exchange transfers
The latest activity follows a series of transactions identified by blockchain analysts over the preceding days.
In an October 10 post on X, Ember reported that wallets linked to SkyAI had transferred 468,000 SOL, valued at approximately $51.1 million, within 24 hours.
Of that amount, 218,000 SOL went to multiple centralized exchanges, while another 250,000 SOL was transferred to BitGo, an institutional digital asset custody and services provider.
On the same day, Lookonchain identified 568,000 SOL worth approximately $63.87 million moving to exchanges over a three-day period.
The analytics platform estimated that SkyAI had acquired its SOL at an average price of around $194 per token. Based on the market value of the transferred assets, Lookonchain calculated that selling the reported 568,000 SOL could result in losses of approximately $46 million.
The estimate was conditional on the tokens being sold and did not represent a company-confirmed realized loss.
SkyAI had previously disclosed holdings exceeding 2 million SOL in September, before the recent transactions reduced its reported treasury balance.
Large movements involving corporate Solana holdings have attracted attention in previous months. In June, crypto.news reported that Forward Industries transferred 455,784 SOL, worth approximately $31.9 million, to Coinbase Prime after around a month of wallet inactivity.
The transaction prompted questions about possible treasury sales, although the transfer itself did not establish that Forward had liquidated those assets.
SkyAI plans to repurchase 95% of its shares and warrants
SkyAI’s proposed tender offer is expected to begin around October 15 and remain open for 10 business days, unless the company extends or terminates it earlier.
The offer covers up to 46.37 million common shares and approximately 20.72 million securities across its cash pre-funded warrants, cryptocurrency pre-funded warrants and strategic advisor warrants.
At $3 per security, the maximum purchase price would reach approximately $201 million.
SkyAI said the proposed price represented a 65% premium to its October 9 closing share price and more than double its 60-day volume-weighted average trading price.
The company intends to finance the repurchases without additional borrowing. Its board said the combined value of available cash and digital assets exceeded the maximum amount required for the transaction.
Completion will depend on several conditions, including at least 50% of each eligible securities class being tendered and not withdrawn before the deadline.
Solana’s closing price must remain above $100 throughout the offer period, although SkyAI reserved the right to waive certain conditions.
The tender offer must not cause SkyAI to lose its Nasdaq listing or become subject to deregistration under the Securities Exchange Act of 1934.
Shareholders and warrant holders will receive instructions in formal tender offer materials that SkyAI expects to file with the U.S. Securities and Exchange Commission by October 15.
If participation exceeds the 95% purchase limit for any class, the company expects to accept securities on a proportional basis.
SkyAI has suspended purchases under its existing share repurchase program and will not resume separate repurchases until at least 10 business days after the tender offer expires.
SkyAI rejects Forward Industries’ acquisition proposal
The planned buyback follows SkyAI’s decision to reject another unsolicited acquisition proposal from fellow Solana treasury company Forward Industries.
Under the latest proposal, Forward offered 0.306 shares of its common stock for each SkyAI share.
SkyAI said its special committee, working with independent advisers, reviewed the proposed exchange ratio, the value and timing of the consideration, its financial position and its standalone business prospects.
After the review, the committee unanimously recommended rejecting the transaction. The full board agreed, concluding that Forward’s proposal undervalued SkyAI and was not in shareholders’ best interests.
Forward has pursued a different approach to managing its Solana reserves. In July, the company reported buying more than 500,000 SOL during its fiscal third quarter, taking its holdings to 7.55 million tokens as of June 30.
The company disclosed an average purchase price of approximately $79 for those acquisitions and said its Solana holdings per fully diluted share had risen during the quarter.
Forward subsequently completed a $25 million registered direct offering in September to support its Solana treasury strategy.
Other publicly traded Solana holders have reported losses tied to cryptocurrency valuations. Upexi, for example, disclosed a $109.3 million fiscal third-quarter net loss in May, including a $92.3 million unrealized loss on its digital assets.
SkyAI said shareholders whose ownership exceeds 15% solely because of securities purchased through the tender offer would not trigger its shareholder rights plan. Any subsequent acquisition by those holders after the offer expires would trigger the plan.
Following the proposed transaction, the company intends to continue developing the AI financial platform outlined in its May 2026 strategic transformation announcement.
ASTER se prostřednictvím Sunrise oficiálně integroval do ekosystému Solana, čímž uživatelům rozšířil možnosti přístupu a obchodování napříč ekosystémy.
Aster’s official announcement states that ASTER has now integrated into the Solana ecosystem via Sunrise, providing users with additional cross-ecosystem access and trading options for ASTER.
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Circle za posledních sedm dní vydal na blockchainu Solana přibližně 3,5 miliardy USD v USDC, což naznačuje vyšší aktivitu a likviditu stablecoinu v síti.
Circle has minted approximately $3.5 billion worth of USDC on the Solana blockchain over the past week, as reported by @SolanaFloor. This substantial issuance adds to the overall supply of the stablecoin on the network, suggesting heightened activity and liquidity. While this development could indicate increased use of USDC on Solana, it does not necessarily confirm that all minted tokens have entered circulation or signify a direct rise in market demand.
The minting of USDC by Circle, a prominent player in the stablecoin market, reflects its ongoing commitment to expanding the availability of its dollar-pegged token across various blockchain networks. As of October 8, 2026, Circle reported a global USDC circulation of about $73 billion. The recent minting on Solana aligns with broader trends of leveraging the blockchain’s speed and low transaction costs to facilitate digital asset transactions.
Market participants have taken note of this significant minting activity, which may impact Solana’s market dynamics. Observers suggest that increased liquidity could potentially influence Solana’s price, though the ultimate effect remains uncertain.
Key Takeaways The recent minting of $3.5 billion USDC on Solana by Circle suggests increased liquidity and network activity. This development aligns with Circle’s strategy to expand USDC’s availability across various blockchains, contributing to its $73 billion global circulation. Market participants are considering the implications of this issuance on Solana’s price, with potential for positive influence, though the outcome is not guaranteed. What to Watch Observers will be watching for any immediate impacts on Solana’s market price, especially in relation to the $190 price target for October. Key indicators include any announcements from Solana Labs or significant changes in volume and liquidity. Additionally, regulatory developments or further integration announcements involving Solana and USDC could provide further clarity on the network’s future performance.
Term Structure
Contract Odds Δ since publish Volume 24h November 1 2026 1.1% — — View market → November 1 2026 11.5% — — View market → November 1 2026 9% — — View market → November 1 2026 4.2% — — View market → November 1 2026 0.5% — — View market → November 1 2026 0.5% — — View market → November 1 2026 1.9% — — View market →
Solana is transitioning to an era of producing five blocks per second, reducing the target block time on the network to 200 milliseconds; however, this speed increase will also raise the workload for validators.
The Solana network has reached the final stage of a seven-week update process aimed at improving network performance. The update, codenamed SIMD-0525, aims to reduce the target block time from 250 milliseconds to 200 milliseconds.
In Solana, the target block time was 400 milliseconds until August. The network switched to 350 milliseconds on August 21st, 300 milliseconds on August 28th, and 250 milliseconds on September 18th. With the final phase, the initial target time will be halved.
The new structure theoretically creates the opportunity to produce five blocks per second. Thanks to shorter timeframes, wallets, decentralized exchanges, and other applications will be able to access up-to-date information on the chain more quickly. The time it takes for transactions submitted by users to be included in a block may also be reduced.
However, the change doesn’t automatically double Solana’s total theoretical processing capacity. The computational limit per block will be reduced from 37.5 million units to 30 million units. Blocks will be generated more frequently, but each block will carry less computational work.
Faster blocks may make some latency-driven transactions, which exploit price fluctuations across different exchanges, more difficult. Conversely, this could increase operating costs and strain network connectivity as validators will need to submit votes more frequently.
The validity period of the current block references used in transactions will also be shortened. This could create timing issues, especially for transactions requiring hardware wallets, manual confirmation, or offline signatures.
The previous target of 250 milliseconds resulted in an actual average of around 266-269 milliseconds, indicating a possible discrepancy between the target and actual performance. Therefore, how the 200 millisecond setting performs under real network conditions, how many block opportunities validators miss, and whether transaction failures increase will be closely monitored.
*This is not investment advice.
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Pando Finance uvede 13. října 2026 na HKEX druhé hongkongské spotové ETF na Solanu s ročním poplatkem 0,6 % oproti 0,99 % u konkurenčního fondu ChinaAMC.
Hong Kong is adding a second spot Solana ETF to its exchange today.
Pando Finance lists its passively managed Solana fund (ticker: 02831 / 2831.HK) on the Hong Kong Stock Exchange (HKEX) on October 13, 2026.
The launch brings direct competition to ChinaAMC’s first-mover product and deepens Asia’s regulated access to SOL.
Pando’s Lower Fees Put Pressure on the Incumbent Pando Finance’s new fund charges an annual management fee of 0.6%. Its estimated ongoing charges ratio stands at 1.6%.
That directly undercuts ChinaAMC’s spot Solana ETF (03460), which carries a 0.99% management fee and a 1.99% ongoing expense ratio.
BREAKING: A second spot Solana ETF is coming to Hong Kong.
Pando Solana ETF (https://t.co/l4VjGXFCPy) is set to list on HKEX on 13 October. Globally, spot SOL ETFs hold $1.9B in net assets, with $1.61B in cumulative net inflows. pic.twitter.com/U6gqLqK8qV
— Solana (@solana) October 12, 2026
When Hong Kong approved its first-ever Solana ETF in Asia last year, analysts set a $400 SOL price target and flagged the city as a gateway for institutional Asian capital.
Pando’s entry is now testing whether lower costs can shift that capital.
The fund tracks the CME CF Solana Dollar Index (Asia-Pacific closing price variant). It holds actual SOL, no staking, no leverage, no derivatives.
Up to 3% of the portfolio can sit in cash to cover operating expenses and redemptions. The base currency is USD, with shares trading in HKD.
The indicative issue price runs from HK$7.80 to HK$8.00, with a minimum lot of 100 shares, an entry ticket of roughly HK$800 before transaction charges.
Trading and custody run through HashKey Exchange and HashKey Custody Services.
HashKey has established itself as a licensed custodian for Hong Kong’s broader spot virtual-asset ETF initiative, and its role here reinforces that position.
An HKEX circular dated October 9, 2026 confirmed these custody and settlement arrangements.
This is Pando’s third spot virtual-asset product after its existing Bitcoin and Ethereum ETFs.
A Growing Global Market With a Fee War Taking Shape The timing is deliberate. According to a post by Solana’s official account, global spot Solana ETFs now hold approximately $1.9 billion in net assets and have drawn $1.61 billion in cumulative net inflows.
That momentum is partly what drove recent SOL ETF inflows past $1.3 billion in a single week, signaling sustained institutional appetite for regulated SOL exposure.
Hong Kong was the first Asian market to launch spot BTC and ETH ETFs. That 2024 regulatory template paved the way for SOL products to follow.
Now, with two competing SOL funds on HKEX, the city is entering a new phase, one defined less by regulatory firsts and more by product differentiation.
Meanwhile, Morgan Stanley launching Ethereum and Solana ETFs in the US shows that fee competition and product expansion are no longer confined to Asia.
Pando’s success will ultimately depend on creation and redemption flows, not just the listing.
First-day trading volume and the fund’s premium or discount to NAV will be the clearest early signal of whether lower fees are enough to draw capital away from ChinaAMC’s established product.
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2WA tokenizovala fond USDGO Plus SP na síti Solana; správu úschovy aktiv zajišťuje OSL Group. Fond je dostupný pouze způsobilým profesionálním investorům v Hongkongu.
A Hong Kong fund that tries to earn yield without betting on crypto prices now lives on Solana.
2WA has tokenized its USDGO Plus SP fund on the Solana blockchain. OSL Group (HKEX: 863) is handling custody and announced the move on October 8, 2026. 2WA describes the product as the first market-neutral fund built on a US dollar-backed stablecoin.
What 2WA and OSL actually launched The fund’s formal name is PrimePlus SPC’s USDGO Plus SP. 2WA developed it and launched it in August 2026. It runs on USDGO, a stablecoin backed by the US dollar.
Access is not open to everyone. Only eligible professional investors in Hong Kong can buy in.
Investors reach the fund through the OSL HK app. The app shows real-time net asset value (NAV) updates, so holders can see what their units are worth at any moment.
Subscriptions and redemptions happen daily. A T+0 express redemption feature is planned for late October 2026.
OSL holds the fund’s assets, including the underlying USDGO. Its Hong Kong custody operation carries over $1 billion in digital asset insurance coverage.
How a market-neutral crypto fund makes money The strategy centers on funding-rate arbitrage across crypto derivatives markets. The fund deliberately steers clear of directional positions.
In perpetual futures markets, traders on one side usually pay traders on the other side a periodic fee. That fee is called the funding rate. It exists to keep the contract’s price anchored near the price of the underlying asset.
The early numbers look healthy. As of October 7, 2026, the fund reported a 16.67% return since inception. Its annualized return over the prior 30 days was 17.05% before fees.
For context, the fund launched in August 2026. So the 16.67% figure covers only a short window. Thirty-day annualized figures can also swing quite a bit, since they extrapolate one month into a full year.
Why tokenizing a traditional fund matters The key structural point is that the tokenized units sit inside a traditional fund vehicle. The blockchain layer does not replace the regulated wrapper. It runs on top of it.
OSL frames the launch as a step toward merging traditional finance with digital asset technology. The firm is positioning itself as the regulated plumbing for these products: custody, compliance and distribution through its app.
What this means for investors and the tokenization race The most immediate audience is Hong Kong’s professional investor pool. For them, the pitch is straightforward. They get crypto-native yield without needing a view on where Bitcoin or any other token is headed next.
Funding-rate strategies depend on traders continuing to pay those fees. When markets cool or positioning flips, funding can shrink or even turn negative. A 17.05% annualized figure from a single 30-day stretch is a snapshot, not a guarantee.
Investors should also note the before-fees qualifier on that figure. Net returns will land lower once costs come out.
The custody setup is a meaningful selling point. Over $1 billion in insurance coverage and a listed custodian give cautious investors something familiar to hold onto.
The T+0 redemption plan is worth watching closely. Same-day liquidity is one of the clearest advantages tokenized funds can offer over legacy structures. If OSL delivers it in late October 2026 as planned, it becomes a concrete feature competitors will need to match.
Disclosure: This article was edited by Kaye Quema. For more information on how we create and review content, see our Editorial Policy.
XASH spustil na Solaně veřejnou betu: uživatelé stablecoinů získávají podíly ve fondu tokenizovaného zlata PAXG na základě měsíčně získávaných XP bodů za aktivitu v DeFi.
Unchained Premium recently featured Kevin Huynh, the co-founder and CEO of XASH, to discuss the company’s new rewards platform for stablecoin holders on the Solana blockchain. The platform delivers tokenized gold, specifically Paxos Gold (PAXG), as rewards to users who participate in Solana DeFi venues. Huynh outlined how XASH pivoted from its original idea of creating a gold-backed synthetic dollar, opting instead for a rewards model that aligns with both user demand and operational feasibility.
From synthetic dollar to tokenized gold rewardsXASH originally pursued a gold-backed synthetic dollar but later dropped this plan due to the high costs and complexities of maintaining the required hedging operations. Instead, the company introduced a rewards platform where users who hold stablecoins on Solana can earn shares of a PAXG gold pool. These rewards are determined by monthly XP points, which act as a scorecard reflecting user activity across supported DeFi protocols such as Kamino and Orca.
XASH initially aimed to launch a gold-pegged synthetic dollar, but the need for a constant and expensive hedging operation led the team to shelve this approach in favor of a direct gold rewards system.
By connecting a Phantom or Solflare wallet, users can interact with DeFi protocols and earn XP points without depositing funds directly with XASH. This allows decentralized engagement and ensures security for participants. Huynh noted that the platform’s rewards are distributed in PAXG rather than stablecoins, cash back, or utility tokens, aligning with early adopter interest in gold as a store of value.
Origins of the rewards pool and business modelThe gold rewards distributed to users originate from a market development fund that is backed by venture capital investors. Huynh emphasized that the long-term vision is to serve stablecoin issuers as primary customers, helping them incentivize adoption and drive distribution of their tokens within Solana’s decentralized finance ecosystem.
As further context, Huynh referenced incentives for PayPal USD vaults on Kamino, illustrating how issuers allocate significant resources to promote new stablecoins. He stated that XASH’s model leverages these marketing efforts through their gold reward mechanism, making the process mutually beneficial for users and token issuers.
Mini dictionary: Paxos Gold (PAXG), an ERC-20 token backed by physical gold and issued by Paxos Trust Company, allows users to own fractional amounts of gold on the blockchain and redeem tokens for physical metal if desired.
Why Solana was chosen over EthereumHuynh also explained XASH’s decision to launch on Solana, citing reasons such as lower transaction costs and faster settlement compared to Ethereum. He stated that these technical advantages align well with the company’s focus on streamlined user experience and efficient reward distribution. The platform has now moved from a closed beta to a public beta, with Huynh highlighting feedback from the initial wave of users who prefer gold rewards over cash incentives.
Stablecoin issuers seeking broader market presence are the eventual customers XASH aims to serve, while the platform’s structure offers direct value to early adopters through gold-based incentives.
XASH developed its business model to remain effective regardless of upcoming regulatory developments, including legislation such as the Clarity Act. This approach ensures the platform can adapt quickly as the legal landscape around digital assets evolves.
Platform features and subscriber benefitsUnchained Premium, the subscription tier of the Unchained podcast brand hosted by Laura Shin, provides exclusive content including early access to interviews with emerging projects, full transcripts, and a private Telegram group for members. The episode featuring XASH’s innovative solution gives subscribers insight into new trends at the intersection of stablecoins, tokenized commodities, and decentralized finance on Solana.
Mezi dvěma neidentifikovanými peněženkami bylo převedeno 1 142 334 SOL v hodnotě přibližně 125,86 milionu USD, což představuje asi 0,19 % oběžné zásoby Solany.
Solana Foundation official brand assets (solana.com/branding)
A significant movement of Solana (SOL) was detected on the blockchain, involving the transfer of 1,142,334 SOL, worth approximately $125.86 million, between two unidentified wallets. This transaction represents about 0.19% of Solana’s circulating supply. The lack of identifiable exchange custody or staking activity suggests that the transaction’s immediate market impact may be limited to documenting a large on-chain movement rather than indicating a directional shift in SOL’s market behavior. The current market environment has seen Solana in the range of $110 to $112, with a market capitalization near $66 billion.
Key Takeaways The transfer of over 1 million SOL appears to capture market attention due to its volume, though it lacks immediate observable implications for exchange or staking activities. Market pricing suggests a cautious outlook on Solana’s potential to reach $190 in October, with current odds reflecting concerns over liquidity or market manipulation. Observers note that such transactions could influence participant sentiment, potentially affecting short-term price predictions. What to Watch Market participants will be closely monitoring any subsequent transactions involving these wallets, which might provide further context on the transfer’s purpose. Key actors such as Solana Labs and regulatory bodies like the SEC may play roles in shaping future market dynamics. Developments like successful mainnet activations or regulatory changes could shift market sentiment, while potential network outages or enforcement actions against major SOL issuers could drive price volatility. The ongoing performance of broader markets, including Bitcoin’s trajectory, may also influence SOL’s price action.
Term Structure
Contract Odds Δ since publish Volume 24h November 1 2026 0.9% — — View market → November 1 2026 9% — — View market → November 1 2026 11% — — View market → November 1 2026 4.7% — — View market → November 1 2026 0.5% — — View market → November 1 2026 1.4% — — View market → November 1 2026 1.7% — — View market →
DeFi Development Corp. nakoupila 22 070 SOL za zhruba 2,43 milionu USD. K začátku října 2026 její pokladna dosáhla přibližně 2,564 milionu SOL a ekvivalentů v celkové hodnotě asi 302 milionů USD.
DeFi Development Corp. went shopping again. The Nasdaq-listed company picked up 22,070 SOL, worth about $2.43 million, adding to a treasury that has become its main reason for existing.
The purchase lifted the value of its holdings to approximately $284.9 million. For a company that rebranded its entire business around one token, that is less a side bet and more a mission statement.
The latest buy, by the numbers The 22,070 SOL acquisition is the newest entry in a steady run of purchases. In the prior week, the company added 26,203 SOL, which brought the value of its holdings to roughly $284.9 million at the time.
The bigger picture is even more striking. As of early October 2026, the firm’s treasury reached approximately 2.564 million SOL and SOL equivalents, valued at about $302 million.
Since restarting active purchases in late August 2026, DeFi Development Corp. has increased its position by more than 226,000 SOL and equivalents. That growth comes from two sources: outright buying and rewards earned from staking.
How the machine works The firm runs its own Solana validators. Validators are the computers that process transactions and secure the network, and they earn rewards for doing that work. By operating its own, the company keeps more of those rewards rather than handing a cut to a third party.
DeFi Development Corp. has set up a variable rate Series C Perpetual Preferred Stock program, called CHAD, with a value of up to $300 million. The company has described it as an at-the-market program designed to fund further SOL accumulation without diluting its common stock.
Chief executive Joseph Onorati has been direct about what the company offers investors. He has said the treasury model provides
“leveraged exposure to Solana”
From pivot to treasury vehicle DeFi Development Corp. did not start life as a Solana treasury. The company pivoted its business focus in April 2025, reorienting itself around accumulating SOL as its primary treasury asset.
Since then, it has positioned itself as a way for public market investors to get exposure to Solana through a stock ticker, DFDV, rather than through a crypto exchange or wallet. That positioning has made it one of the largest companies dedicated to building a SOL treasury.
What this means For investors, the company offers a specific product: SOL exposure wrapped in equity. That appeals to institutions and individuals who cannot or will not hold tokens directly, whether because of mandates, custody concerns, or simple preference for a brokerage account.
There are clear risks to watch. The CHAD program’s ability to raise capital will shape how fast the company can keep buying. A sustained drop in SOL would test both the treasury’s value and investor patience with the “leveraged exposure” pitch.
The other thing to track is the cadence. Weekly purchases of 26,203 SOL and then 22,070 SOL suggest a deliberate rhythm rather than opportunistic one-off buys.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
Americké spotové ETF navázané na Solanu zaznamenaly v týdnu končícím 9. října odliv 24,8 milionu USD, což je nejvyšší hodnota od spuštění těchto fondů. Tím ukončily 14týdenní sérii přílivů.
US spot Solana (SOL) exchange-traded funds (ETFs) lost $24.8 million in the week ending October 9. It was their largest weekly outflow since launch in October 2025 and ended 14 straight inflow weeks.
Just 2 weeks earlier, the funds drew $188.2 million, their second-biggest week on record. Inflows then slowed to $2.4 million in the week ending October 2.
Solana’s Record Exit Lands in a Red Week for Crypto ETFsAccording to SoSoValue data, the previous weekly record was an $8.9 million outflow in the week ending February 6. Last week’s exit was almost 3 times that size.
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Solana ETF Weekly Flows. Source: SoSoValueBitcoin (BTC) ETFs shed $681.1 million in the same week, while Ethereum (ETH) ETFs lost $542.1 million. Ethereum funds closed the week on a ninth straight outflow day, BeInCrypto reported.
Zcash (ZEC) and Hyperliquid (HYPE) ETFs also posted outflows of $30.7 million and $9.4 million, respectively.
SOL Sees Modest Rise After a 10% SlideNet assets in the Solana funds fell 8.9% over the week, from $1.90 billion to $1.73 billion. The outflow accounts for only about $25 million of that $170 million decline. The rest largely reflects SOL’s price slide over the same period.
SOL fell 10.25% during the trading week before recording modest gains over the weekend. The altcoin traded at $111.53 at press time, up 1.45% over the past 24 hours, according to BeInCrypto Markets data.
Solana (SOL) Price Performance. Source: BeInCrypto MarketsThe next weekly print, covering trading through October 16, will show whether fund buyers returned after the price drop.
XRP ETFs Keep Drawing Money as Other Crypto Funds BleedMeanwhile, spot XRP (XRP) ETFs moved in the opposite direction, drawing $11.3 million over the same week. The inflow extended their streak to 13 consecutive weeks.
Their last outflow week ended July 10. In contrast, other major ETFs all posted net outflows last week.
The buying held up even as XRP fell 8.2% during the week. Cumulative net inflows into XRP ETFs reached a record $1.80 billion. Net assets, however, stood lower at $1.57 billion.
Even so, Solana and XRP ETFs have each drawn more net money in 2026 than spot Bitcoin ETFs. Since January 1, Solana funds have attracted $816.8 million and XRP funds $635.5 million, against $494.1 million for Bitcoin.
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Solana has emerged as a significant player in the tokenized equities market, capturing 65% of the volume in this sector yesterday. This substantial share is 85% more than the combined volume handled by all other blockchain networks, according to data from @SolanaFloor. This development underscores Solana’s growing dominance in the on-chain equities space, which saw a total volume of approximately $15.6 billion globally last month. Solana’s one-day performance reflects its increasing foothold, following a trend where it has regularly captured a significant portion of the market.
Key Takeaways Solana appears to have strengthened its position in the tokenized equities market, achieving a 65% share of volume. This performance suggests that market participants may view Solana as increasingly integral to the on-chain equities ecosystem. The recent data is consistent with scenarios where Solana’s market influence continues to grow, potentially impacting its price predictions. What to Watch Observers should monitor further developments in Solana’s integration with financial institutions and any regulatory changes that may affect its market operations. Key indicators include announcements from the SEC regarding spot-SOL ETFs, as well as updates from major partners like Fiserv and Samsung. These factors could influence the likelihood of Solana reaching specific price thresholds in October, such as the $190 mark.
Term Structure
Contract Odds Δ since publish Volume 24h November 1 2026 0.9% — — View market → November 1 2026 11.5% — — View market → November 1 2026 11% — — View market → November 1 2026 5.1% — — View market → November 1 2026 0.5% — — View market → November 1 2026 0.5% — — View market → November 1 2026 2.1% — — View market →
Securitize spustila na Solaně tokeny navázané na 12 amerických akcií, kryté v poměru 1:1. Držitelé mají nárok na podkladový cenný papír, nikoli automaticky na přímý zápis do seznamu akcionářů.
11 October 2026 | 16:57 A token in a wallet can track Apple or Nvidia one-for-one while the company’s official shareholder register carries a different name. Securitize’s new stock tokens place both parts of that arrangement in view.
Key Takeaways Securitize launched tokenized security entitlements for 12 U.S. stocks on Solana. The company says each token is backed 1:1 by an underlying share. Holders own a security entitlement through Securitize Markets. Dividends and applicable voting rights are designed to pass through that structure. Direct registration depends on a later issuer and transfer-agent process. The words behind Securitize’s new stock tokens On October 8, Securitize launched Securitize Stocks, a Solana-based offering tied to 12 U.S. equities, including Apple, Microsoft, Nvidia, Alphabet, Tesla, Amazon and Netflix. Trading begins through the company’s registered broker-dealer platform for eligible users in permitted jurisdictions, with settlement in USDC.
The significant detail sits in the product’s legal description. Securitize Stocks are security entitlements backed one-for-one by the relevant underlying shares. The company’s disclosure says that holders are not registered shareholders of Apple, Nvidia or the other issuers unless they complete a supported conversion process.
That does not reduce the token to a simple price bet. Securitize says the entitlement is structured to preserve the applicable economic benefits of the underlying security, including dividends and, where the share class carries them, voting rights. It does, however, define the route through which those benefits reach the investor.
Layer one
The token in the wallet
The investor controls a blockchain-issued instrument, subject to the product’s transfer, eligibility and compliance terms.
Layer two
The security entitlement
Securitize Markets maintains the legal claim linking the holder to the underlying stock position and its stated rights.
Layer three
The issuer’s share record
The underlying company’s transfer agent does not automatically record the token holder as a shareholder in the investor’s own name.
The entitlement links the wallet to the share A security entitlement is a familiar part of the U.S. securities system. Many conventional investors also hold shares through a broker or custodian instead of appearing directly on a company’s register. Their economic position depends on a recognised claim maintained through that intermediary.
Securitize applies that model to a blockchain token. The token can move through an onchain environment, while the broker-dealer and related market infrastructure maintain the link to the supporting share. The product therefore combines a wallet-based instrument with the legal framework that normally sits behind a brokerage position.
That arrangement gives the holder more than exposure to a price chart, but it also means the investor should read the entitlement terms as closely as the token’s backing claim. A one-for-one reserve answers one question: whether a corresponding share supports the token. It does not answer every question about corporate actions, transfer restrictions or the investor’s status on the issuer’s books.
Dividends and votes travel through the same structure Securitize says its stock tokens carry applicable economic benefits, including dividends and voting rights where the underlying share class provides them. Those benefits pass through the entitlement structure rather than arising from a wallet address appearing directly on an issuer’s shareholder list.
That becomes relevant whenever the underlying company takes an action beyond ordinary trading. Stock splits, cash or stock dividends, tender offers, mergers, delistings and trading halts all require an operational process. The token holder needs to know who receives the corporate-action notice, how instructions are collected, and how the resulting cash, shares or voting rights are delivered.
These are not unusual concerns created by blockchain. They exist across conventional broker-held securities as well. Tokenization adds another record—the token on the blockchain—which makes it easier for buyers to assume that wallet control alone settles every ownership question.
A wallet key controls the token, not the whole system Private-key control and shareholder registration describe different parts of the same investment. A private key can establish control over a token where the product permits wallet transfers. It cannot, on its own, replace the broker-dealer, custodian, clearing arrangements or transfer agent that support the underlying security.
Securitize’s release places those institutions inside the product’s design. Trading remains subject to onboarding, KYC and AML checks, securities laws and jurisdictional eligibility. The offering is therefore built for regulated securities markets, even though the investor-facing position can sit on Solana.
The company also describes future venues connected to the New York Stock Exchange and OKXICE, where wider trading hours and self-custody are among the intended features. Those venues have not launched, and their operation remains subject to regulatory and operational conditions. They should be treated as part of Securitize’s wider plan rather than as features available to every holder today.
Conversion is possible only under specific conditions Securitize calls its design a convertible entitlement token, or CET. The term matters because it describes a possible route from an intermediary-held entitlement to direct ownership recorded on an issuer’s transfer-agent books.
That route requires the underlying company to adopt issuer-sponsored tokenization and make the relevant transfer-agent process available. Until then, the investor holds the security entitlement described in Securitize’s documentation. Buying a token linked to Apple or Tesla does not create an automatic right to demand direct registration immediately.
Two products carrying the same ticker can therefore give their holders very different rights. A token may track a share price through a derivative, represent a certificate backed by stock, provide a security entitlement, or be issued directly by the company as its own share record. The ticker tells readers which company the token references; the legal terms explain what the investor owns.
That is why disclosure has become central to tokenized securities. The developing U.S. debate is increasingly focused on whether a blockchain balance represents direct ownership, a security entitlement or a separate contractual claim, as seen in the discussion around tokenized-stock investor rights and ownership disclosures.
Before buying a tokenized stock, check this The ticker is only the start of the due diligence.
Read the legal description. Confirm whether the token is a direct share, an entitlement, a certificate or a derivative. Identify the institutions behind it. The broker-dealer, custodian and transfer agent determine how the underlying position is maintained. Check corporate-action procedures. Product terms should explain how dividends, votes, mergers and stock splits reach the holder. Confirm conversion rights today. A future pathway to direct registration differs from a currently available conversion process. Review failure and transfer risks. Read the provisions on custody, insolvency, redemption, smart contracts, liquidity and restricted transfers. The token tells only part of the ownership story Securitize’s launch gives tokenized equities a stronger legal structure than a product designed only to mimic a stock price. One-for-one backing and a defined security entitlement can connect an onchain position to dividends, voting rights and established securities-market infrastructure.
The investor’s wallet still represents only one link in that chain. Before treating a tokenized stock as equivalent to a conventional share, buyers should identify the claim behind it, the institutions responsible for honouring it, and whether direct registration is available under the product’s current terms.
This article is provided for informational purposes only and does not constitute investment, legal or tax advice. Tokenized securities may involve market, liquidity, custody, counterparty, smart-contract and regulatory risks. Investors should review the applicable product disclosures before investing.
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.
U.S. spot Bitcoin exchange-traded funds (ETFs) recorded significant outflows this month, marking a notable shift in sentiment among crypto investors. Data from Decrypt’s ETF tracker shows these funds faced back-to-back redemptions, including a $484.9 million exit on Wednesday, their steepest daily withdrawal since June.
Bitcoin ETFs reverse course in OctoberDespite a brief recovery with $21.1 million in inflows on Friday, U.S. spot Bitcoin ETFs finished the first seven trading days of October with a net outflow of $386.3 million. The modest gain failed to compensate for large withdrawals earlier in the week, particularly following Wednesday’s sizable exit and an additional $244.1 million lost on Thursday.
Bitcoin ETFs provide a way for investors to participate in the digital asset market without directly holding cryptocurrencies or managing private wallets. The products mirror the price of Bitcoin and are traded on regular brokerage platforms, attracting both institutional and retail investors since their debut.
October began on a positive note, as the ETFs attracted a combined $292.6 million on the first two days. Another $118.8 million flowed in on October 6. However, these early inflows were overshadowed by the subsequent downturn, erasing previous gains for the month.
ETFOctober Net FlowsLargest Single-Day OutflowCumulative Net InflowsTotal Net AssetsBitcoin-$386.3 million-$484.9 million (Wed.)$57.6 billion$100.6 billionEthereum-$635 million-$201.9 million (Oct. 6)$13.2 billion$14.5 billionSolana-$24.8 million-$3.8 million (Fri.)$137.9 millionNot disclosedETF flows reflect shifting investor sentimentAfter a strong September, the landscape changed abruptly. In mid-September, following the U.S. Senate’s failed cloture vote on the Clarity Act, Bitcoin ETFs experienced a series of outflows. However, they quickly rebounded with nine straight sessions of inflows totaling roughly $3 billion, which returned year-to-date figures into positive territory for 2026.
Flows in and out of crypto ETFs have become a reliable gauge of market sentiment, as they reflect the willingness of investors to take on or shed digital asset exposure through regulated investment vehicles.
However, the reversal so far in October suggests caution and profit-taking may be returning to the market as uncertainty persists around regulatory and macroeconomic developments.
Ethereum and Solana ETFs deepen lossesEthereum ETFs have recorded a more severe downturn. The funds posted a $56.1 million outflow on Friday, extending their loss streak to nine consecutive trading days in October. During this period, cumulative withdrawals reached nearly $700 million, with the largest single-day loss of $201.9 million taking place on October 6. Despite these losses, Ethereum ETFs still hold $14.5 billion in total net assets and have attracted $13.2 billion in net inflows since their introduction.
Solana ETFs also faced negative flows this month, though on a much smaller scale compared to Bitcoin and Ethereum. Outflows for Solana ETFs totaled $3.8 million on Friday, the fifth straight day of net redemptions. The funds’ only inflow for October, $1.3 million, occurred on October 2. Overall, Solana ETFs have lost $24.8 million so far this month, while cumulative net inflows since launch stand at $137.9 million.
Solana, a blockchain known for its fast transaction speeds and lower fees compared to some other networks, continues to attract investor attention through ETF products, but recent flow data suggests more caution among holders.
Bitcoin ETFs, despite recent negative momentum, remain the largest by net inflow at $57.6 billion since launch and currently manage $100.6 billion in assets.
Mini dictionary: Cloture vote — A cloture vote is a procedure used in the U.S. Senate to end debate on a legislative issue and bring it to a final vote. Reaching cloture usually requires a supermajority, which can be a significant hurdle for passing contentious bills.
Solana za sedm dní vygenerovala z dApps tržby ve výši 38,2 milionu USD, oproti 11,7 milionu USD na Ethereu; součet Etherea, Base, Polygonu a OP Mainnet přitom činil jen 21,2 milionu USD.
Solana generates $38.2 million in revenue on dApps in seven days, compared to Ethereum’s poor performance which no longer holds up, even when adding up its entire ecosystem. Are we witnessing the beginning of a new era in the crypto market?
In brief $38.2 million revenue on dApps for Solana in seven days, compared to $11.7 million for Ethereum. Ethereum, Base, Polygon and OP Mainnet combined make $21.2 million, compared to $38.2 million for Solana. In August 2026, Solana was already number 1 for the month with $143 million, or 38% of the total onchain according to DefiLlama. See you on October 31, 2026, for the month’s closing which will tell if this crypto lead still holds. Solana Outperforms Ethereum on dApps in 7 Days Solana earns more than three times what Ethereum earns on dApps in 7 days, $38.2 million versus $11.7 million according to Token Terminal, in a ranking published by Solana Hub on October 10, 2026. Hyperliquid, a very fast crypto trading platform, comes second with $14.8 million. Ethereum still makes the podium but not on the highest step.
Why follow this figure? Because it can signal strong activity that generates money for the crypto network, beyond the tokens we buy hoping for an increase. However, it does not count the number of orders placed. Also watch the scope because the ranking follows entities of different natures (blockchains, platforms, ecosystems), it does not compare ten identical blockchains.
RankNetworkApplication revenue over 7 days (million dollars)1Solana38.22Hyperliquid14.83Ethereum11.74BNB Chain6.65Base4.36Robinhood4.27Polygon4.08OP Mainnet1.29Avalanche0.87410Near0.665Source: Token Terminal, ranking published by Solana Hub on X, data from the last 7 days as of October 10, 2026. Why do Crypto Users and Developers Choose Solana? Because crypto transactions cost very little there and go through quickly, which allows trading applications to operate at large scale. In August 2026, two trading terminals, Axiom (about $24 million) and FOMO (about $14.6 million), generated nearly $38.6 million of the $143 million of application revenue for the month, according to DefiLlama. According to our calculations, that represents 27% of the total.
The effect is like a snowball because the more crypto traders trade, the more applications (dApps) earn. The more they earn, the more other teams come to build in the same place. Solana is also called monolithic; everything happens on a single chain, with a single reserve of money available for exchange. This can facilitate liquidity flow and transaction execution.
Is the Ethereum Ecosystem Underestimated by its Main Network? Partly. Over seven days, Ethereum with its $11.7 million, represents only a part of its ecosystem’s activity. Base ($4.3 million) and OP Mainnet ($1.2 million) are Ethereum Layer 2s, and Polygon ($4.0 million) is a neighboring network, whose PoS network has a distinct technical status from a classic Layer 2. According to our calculations, this extended scope totals $21.2 million. But even with this extended scope, Solana still holds a $17 million lead.
Crypto : Has Solana Definitively Beaten Ethereum? Not yet… A seven-day ranking does not prove a lasting reversal. Except that Solana is not new to success against Ethereum because in August 2026, it was already number 1 in dApp revenues, and the official crypto network account made this known on X:
Solana is number 1 for application revenues in August with $143M. 38% of all onchain application revenues.
But revenues don’t tell everything. They do not measure liquidity, security, value locked in applications (TVL), or the number of active users. Especially since Solana still has points to prove. These revenues mainly come from trading, so from an activity that follows the appetite for risky assets. So these performances will have to be watched over three to six months to know if they last.
The competition between Solana and Ethereum pushes the entire crypto sector to move faster, and Solana is no longer a mere challenger on dApp revenues. The real test will come at the month’s close, October 31, 2026. In your opinion, will Ethereum regain first place thanks to its Layer 2s, or is SOL the new king of dApps?
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Eddy S.
The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Over the last few days, momentum across the broad crypto market has turned extremely bearish and Solana has also had its share of the downturn.
Amid the sudden market volatility, Solana and other major crypto assets have continued to record notable sell-off activity. Whale Alert has showcased data for one of such transactions, which may have just been a massive whale sellout.
Solana demand stallsAccording to the data, an unknown address has moved a total of 470,087 SOL worth over $51 million at Solana's current price to leading U.S. crypto exchange Coinbase.
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The large Solana transaction, which happened in a single transfer, did not go unnoticed, especially considering its timing, drawing attention from market analysts.
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Although the intention behind the transfer was not stated, market participants perceive the move as an attempt to sell, as tokens are often transferred to trading platforms like Coinbase for selling purposes.
The timing of the transfer also stirred speculation that the trader may be exiting the market out of caution amid the ongoing market volatility.
Solana remains under $110Despite surging to a high of around $123 earlier this month, momentum in the Solana ecosystem has weakened significantly after its price suddenly saw a sharp downturn, causing it to fall as low as $105 about two days ago.
Since this massive price drop, Solana has continued to trade below the $110 mark, as the sudden price reversal has stirred fear among traders who have continued to exit their positions.
While the market has continued to see large and small amounts of Solana returned to exchanges, Solana's chances of reclaiming its recent highs keep getting slimmer.
Solana’s token holders are getting paid again. According to analytics from Blockworks, daily token holder net income on the network has stayed above $400,000 for two straight weeks.
That streak follows three weeks of decline.
What the number actually measures Blockworks starts with a metric called Real Economic Value, or REV. It captures what users pay to use the network, including transaction fees and tips.
From there, Blockworks subtracts operator payments, meaning the costs tied to validators and the operators who run the network’s infrastructure. The formula is simple: Token Holder Net Income = REV minus Operator Payments.
What’s left is the return flowing to SOL holders, both those who stake their tokens and those who don’t.
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The quarterly picture is messier Zoom out, and the story gets less tidy. Blockworks’ quarterly figures show just how much Solana’s holder economics can swing.
During strong stretches of network activity in 2025, quarterly token holder income landed somewhere between $50 million and $100 million.
Q2 2026 looked very different. Token holder income for that quarter came in at approximately -$3.5 million, according to Blockworks data.
Why Blockworks’ framing matters Blockworks has built dashboards that track Solana’s financials in this income-statement style, covering both daily earnings and quarterly results. The approach treats a blockchain less like a tech project and more like a business with revenue, costs, and margins.
What this means for SOL holders Two weeks above $400,000 a day suggests user activity has picked back up, and that the network is generating more value than it spends on operators.
For stakers in particular, this is the metric that connects network usage to their returns.
Still, quarterly results remain well below the $50 million to $100 million range Solana posted during its stronger 2025 periods. And the Q2 2026 loss is a fresh reminder that this number can turn negative when conditions sour.
There are two levers worth watching. The first is demand: whether transaction fees and tips keep climbing as users return. The second is cost: whether operator payments to validators and infrastructure providers stay in check, or grow faster than revenue.
Solana has positioned itself as a high-throughput, low-fee chain. Low fees attract users, but they also mean the network needs a lot of activity to generate meaningful revenue for holders. The swings in Blockworks’ data reflect that trade-off in real time.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Circle podle údajů sdílených účtem @SolanaFloor za posledních 24 hodin na Solaně emitoval přibližně 750 milionů USDC, což naznačuje zvýšení likvidity sítě.
Circle has reportedly minted approximately 750 million USDC on the Solana blockchain within the past 24 hours, according to data shared by @SolanaFloor. This minting activity suggests an increase in USDC liquidity on Solana, a network that has become the second-largest holder of USDC by supply. As of early October, Solana had about $7.3–$7.45 billion in native USDC, highlighting the significance of this recent mint. While this increase in stablecoin reserves on Solana could indicate potential demand for the network’s native token SOL, it remains uncertain whether this newly minted USDC has been actively circulated or deployed in markets. The information comes from a Tier 3 social media source, which may impact its reliability.
Key Takeaways The minting of 750 million USDC on Solana appears to suggest increased liquidity on the network. Market pricing implies that participants may view this development as supportive of a potential increase in SOL demand. While the minting is significant, it is unclear how much of this USDC will enter active circulation. What to Watch Observers will be monitoring how the newly minted USDC impacts Solana’s economic activity, particularly whether it translates to increased demand for SOL. Key developments could include announcements from Solana Labs regarding new projects or partnerships that leverage this liquidity. Additionally, any regulatory changes or shifts in the broader cryptocurrency market could influence Solana’s price movements. Market participants are also likely to watch for any significant changes in decentralized-exchange volume and active addresses on the Solana network.
Term Structure
Contract Odds Δ since publish Volume 24h November 1 2026 1.1% — — View market → November 1 2026 8.5% — — View market → November 1 2026 15% — — View market → November 1 2026 5% — — View market → November 1 2026 0.5% — — View market → November 1 2026 1.2% — — View market → November 1 2026 2.3% — — View market →
Fidelity během posledních 20 obchodních dnů nakoupila prostřednictvím svých ETF kryptoměny za více než 438,9 milionu USD, včetně BTC v hodnotě 354,1 milionu USD.
Renowned crypto investment firm Fidelity has continued to expand its crypto portfolio, adding more Bitcoin amid growing demand for its ETF product.
Apart from its Bitcoin fund, the firm also issues both Ethereum and Solana ETFs, and it has recorded modest purchases for both over the same period.
Fidelity buys $354 million of Bitcoin Latest onchain data from Arkham Intelligence shows that Fidelity has purchased a total of $438.9 million worth of Bitcoin, Ethereum, and Solana through its ETF products over the past 20 trading days.
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While this signals continued buying activity across the three major crypto assets, it shows that the firm has seen sustained demand for nearly all its crypto ETF offerings, especially Bitcoin.
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Nonetheless, the data shows that the firm saw more demand for its Bitcoin product, as the Fidelity spot Bitcoin ETF recorded the largest purchases.
As such, FBTC has accumulated up to $354.1 million worth of BTC over the stated period. Meanwhile, it acquired only lesser amounts of ETH and SOL.
More specifically, Fidelity has bought $66.6 million worth of Ethereum and another $18.2 million worth of Solana over the same period.
Bitcoin loses momentum While the massive Bitcoin purchase from Fidelity signals sustained institutional demand for the leading crypto asset over the past week, Bitcoin has suddenly witnessed a sharp price reversal.
Retracing from a high of around $87,000 back to its multi-week low of around $81,000, Bitcoin appears to be facing increased sell-off pressure from traders, especially retail traders.
With momentum on the leading asset currently down, it remains uncertain whether Fidelity and other major Bitcoin funds will be able to sustain their Bitcoin buying spree for much longer.
Solana is about to halve its block times as final 200-millisecond upgrade nears. (Solana)Summary
Solana plans to reduce its target block time from 250 milliseconds to 200 milliseconds at epoch 1053 on Friday, completing a series of cuts from 400 milliseconds since August.The upgrade will create five block-production opportunities per second, potentially speeding transaction updates, while lowering each block’s computing limit to keep overall processing capacity roughly unchanged.Faster blocks could reduce transaction delays and trading exploits, but they will increase validator voting demands, strain network connections and shorten the validity window for transactions.Solana is preparing to cut the time between blocks to 200 milliseconds on Friday, completing a series of upgrades that has halved the network's target block production time since August.
The final reduction, from 250 milliseconds, is scheduled to take effect at epoch 1053, expected around 15:00 UTC, according to Anza, the developer of Solana's widely used Agave validator software.
The change would allow the blockchain to target five block-production opportunities every second, compared with 2.5 under the original 400-millisecond configuration.
A slot is the short window in which a designated validator can add transactions to the blockchain. Shorter slots mean trading applications, wallets and exchanges can receive updated information more frequently, reducing the time a submitted transaction may spend waiting to be processed.
The changes began Aug. 21, when Solana moved to 350 milliseconds, followed by reductions to 300 milliseconds on Aug. 28 and 250 milliseconds on Sept. 18.
The technical proposal, known as SIMD-0525, also limits how much computing work validators can pack into each block.
At 200 milliseconds, each block can carry a maximum of 30 million compute units, down from 37.5 million at 250 milliseconds. Blocks arrive more frequently, but each carries proportionally less work, keeping the network's theoretical processing capacity roughly unchanged.
Read More: Solana transactions just got more than 3 times bigger, narrowing the gap with Ethereum
Validators will continue producing blocks in groups of four consecutive slots. Their uninterrupted window to order transactions will consequently shrink from 1.6 seconds under the original configuration to 800 milliseconds.
That could reduce opportunities to delay transactions or exploit prices that have moved on other exchanges before Solana catches up.
The faster clock also comes with costs. Validators that submit votes on every slot will need to do so about twice as frequently as under the original configuration, increasing voting expenses and placing greater pressure on network connections.
Wallets and other applications also have less time to use a recent blockhash, a reference included in transactions to prevent them from being replayed. The shorter validity window could complicate transactions requiring manual approval or offline signatures.
Actual network performance remains a testSolana Compass data shows the previous 250-millisecond configuration delivered average slot times of approximately 266 to 269 milliseconds across recent epochs, slightly slower than its target.
The final reduction has already been deployed on Solana's testnet and devnet. Developers have said the mainnet rollout depends on network conditions, particularly the rate at which validators miss their assigned block-production opportunities.
The transition is expected to occur at the epoch 1053 boundary on Friday.
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.
