CZ přiznal, že podcenil růst tokenizovaných aktiv RWA, protože on-chain tokenizovaná aktiva podle RWA.xyz dosáhla 38,35 miliardy USD. Za 30 dní vzrostla o 1,54 % a počet držitelů vzrostl o 104 % na téměř 3 miliony.
TLDR: RWA.xyz tracked $38.35B in distributed assets on-chain, up 1.54% in 30 days as holders neared 3 million. Ethereum led distributed RWAs with $17.3B, ahead of BNB Chain at $5.8B and Solana at roughly $4.1B on-chain. Tokenized stock transfer volume jumped over 415% to $29.5B in 30 days, while distributed value hit $2.54B. Ondo Finance offers 440+ tokenized stocks and ETFs, showing how RWAs are expanding beyond Treasury products. Binance co-founder Changpeng Zhao has acknowledged that he underestimated real-world asset tokenization as on-chain assets approach a $39 billion market value. Speaking during a Binance Clubhouse Bali 2026 community Q&A published August 23, Zhao said he paid little attention to RWAs 18 months earlier.
CZ: I Definitely Underestimated the Growth of RWA
Binance founder Changpeng Zhao (CZ) @cz_binance said during the Binance Clubhouse Bali 2026 Community Q&A on August 23 that until about a year and a half ago, he did not expect RWA to grow to such a large scale, but now he is… pic.twitter.com/jPnJ9tV3ms
— Wu Blockchain (@WuBlockchain) August 30, 2026
That view has changed as traditional financial instruments increasingly move onto blockchain networks. Zhao said 24/7 trading, transparency, lower fees, and global access now give tokenization clear advantages over traditional market structures. He also noted that earlier crypto trends, including NFTs and memecoins, grew far beyond his initial expectations.
CZ Reassesses RWA Growth as On-chain Value Nears $39B The market data now helps explain CZ’s shift in perspective. RWA.xyz recorded $38.35 billion in distributed real-world assets on-chain as of August 28, excluding stablecoins. That total increased 1.54% over 30 days, while the number of asset holders more than doubled during the same period.
Nearly 3 million wallets now hold distributed RWAs, reflecting a 104% monthly increase. Separately, RWA.xyz tracked $380.88 billion in represented asset value across the broader tokenization market.
Source: RWA.xyz
Ethereum remained the largest blockchain for distributed RWAs, holding about $17.2 billion. BNB Chain followed with $5.7 billion, while Solana accounted for approximately $4.1 billion. Within that market, tokenized Treasury products remain among the sector’s largest individual assets.
Circle’s USYC stood near $2.88 billion, while BlackRock’s BUIDL reached roughly $2.76 billion. Ondo Finance’s USDY followed at about $2.19 billion. However, tokenized equities are becoming a faster-growing segment.
Monthly transfer volume for tokenized stocks surged more than 415% to $29.5 billion during the latest 30-day period. Their distributed value reached $2.54 billion, representing growth of about 637% from one year earlier.
Ondo Finance has also expanded the practical reach of tokenized equities. The platform now offers more than 440 tokenized stocks and exchange-traded funds to eligible non-U.S. investors across several blockchains.
Tokenized Stocks Surge as Regulation Moves Closer The expansion of Tokenized Assets is also unfolding alongside clearer regulatory discussion in the United States. The Securities and Exchange Commission issued January guidance explaining how federal securities laws apply to tokenized securities.
The guidance distinguished issuer-sponsored tokens from third-party tokenized products, giving the market a clearer framework for understanding different token structures. SEC Chair Paul Atkins later said the agency’s 2026 agenda includes clearer rules covering custody and trading of tokenized securities on-chain .
Meanwhile, CZ did not describe RWA growth as crypto’s next guaranteed dominant trend. Instead, he grouped RWAs with perpetual decentralized exchanges and AI agents as emerging sectors that could shape the industry’s next phase.
His reassessment nevertheless reflects a measurable shift in the market. Tokenized Assets now span government debt, equities, commodities, credit, and other traditional instruments, while distributed value has moved close to $39 billion.
For CZ, the change is less about predicting the next crypto narrative and more about recognizing an existing market transformation. RWAs have moved from a niche concept toward financial infrastructure with rapidly growing users, assets, and transaction activity.
AVICI po exploitu starého smart kontraktu na Solaně spadl o 49 % z denního maxima na historické minimum 0,217 USD. Avici uvedl ztrátu 500 800 USD a slíbil plnou náhradu klientům.
TLDR An exploited security flaw in a legacy Rain card smart contract resulted in approximately $1.1 million drained from various Solana-based platforms Avici suffered $500,800 in damages impacting 1,685 cardholders; Tria experienced losses exceeding $430,000 affecting 636 users AVICI token plummeted 49% from its daily peak, reaching an all-time low of $0.217 The stolen stablecoin funds were converted to SOL, transferred to Ethereum, and laundered via Tornado Cash Avici and Tria have both committed to fully reimbursing impacted customers; Avici submitted a complaint to federal authorities A security weakness in a deprecated smart contract has resulted in a $1.1 million theft targeting several Solana-based crypto card platforms, with neobanks Avici and Tria bearing the brunt of customer losses.
⚠️ALERT: Crypto neobank Avici is being drained in an apparent ongoing attack.
More than $1 MILLION has left card collateral accounts on the Solana-based platform, per on-chain data, with the attacker's wallet funded through the deBridge cross-chain bridge.
Avici says it is… pic.twitter.com/n2pul5Bkrs
— Coin Bureau (@coinbureau) August 28, 2026
Rain, the infrastructure provider offering stablecoin card services as a Visa principal member, confirmed that its security monitoring identified the weakness in a legacy contract version. All platforms operating on the compromised version received immediate upgrades, with Rain confirming no subsequent malicious activity has been detected.
The perpetrator leveraged the security gap by continuously submitting signed authorizations, inserting themselves as administrators on individual card-collateral wallets, and extracting the funds.
Following the theft, the stablecoins were converted to Solana, transferred across the bridge to Ethereum, and subsequently routed through the Tornado Cash mixing service.
Avici Suffers Largest Losses Avici, a self-custody neobank enabling users to spend cryptocurrency through a Visa-linked credit card, disclosed losses of $500,800 impacting 1,685 cardholders.
According to the platform, the breach was confined to a specific Solana smart contract housing funds deposited when customers loaded their card balances. User-controlled wallets on Solana and Ethereum-compatible chains remained secure and unaffected.
Avici committed to fully compensating all impacted card balances. Additionally, the firm submitted an official complaint to the FBI’s Internet Crime Complaint Center. Details regarding reimbursement timing and the capital source remain undisclosed.
Following the breach, the AVICI token collapsed 49% from its 24-hour peak of $0.43 to an unprecedented low of $0.217, later stabilizing around $0.378.
Avici Price Tria Confirms Breach, Commits to Complete Restitution Tria, another neobank utilizing Rain’s infrastructure, disclosed that 636 users were compromised, with aggregate losses surpassing $430,000.
Tria guaranteed complete reimbursement for affected customers. The platform’s native token also experienced volatility, declining over 10% temporarily after the incident became public.
Both companies have refrained from identifying additional affected platforms, and the comprehensive loss figure across all compromised services remains unclear.
The discrepancy between the $1.1 million tracked through blockchain analysis and Avici’s disclosed losses indicates that additional Rain-integrated platforms likely suffered breaches as well.
Industry Context This security incident occurs amid rapid expansion in crypto card adoption. Monitored crypto-card transaction volume surged more than threefold to $1.04 billion in July, with stablecoins accounting for 70% of over 10 million transactions.
The exploit underscores a critical custody distinction for consumers. Assets stored in Avici’s self-custodial wallets remained protected, but funds transferred to card balances entered a third-party contract infrastructure where the vulnerability existed.
According to Avici’s service agreements, Third National functions as the official card issuer, with Rain supplying the underlying technological framework.
Solana token Trump Digital Gold (GOLD) spadl z tržní kapitalizace 66 milionů USD o 99 % poté, co insider peněženky prodaly 824,54 milionu tokenů, tedy 82,45 % celkové nabídky. Propagoval ho ověřený účet spojený s Trumpovým merchem, ale autorizace rodiny Trumpových potvrzena nebyla.
Key Takeaways A Solana-based token called Trump Digital Gold (GOLD) reached a $66 million valuation before plummeting 99% within approximately 30 seconds Insider wallets controlling 82.45% of total supply liquidated their positions, netting around $1.01 million worth of Solana The token received promotion from a verified X account associated with Trump merchandise, though no Trump family authorization was established Just seven days prior, Eric Trump publicly dismissed rumors of any new coin launch, labeling such claims fraudulent The incident follows a pattern of politically themed token scams on the Solana network A cryptocurrency token branded as Trump Digital Gold emerged on the Solana network Saturday morning, only to shed virtually all its value in a matter of hours. Blockchain data analysts attributed the dramatic collapse to coordinated selling by a handful of wallets holding the majority of tokens.
⚠️ ALERT: Trump-linked account appears to have been HACKED to promote a “Trump Digital Gold” rug pull.
A post promoting $GOLD appeared on ‘realtrumpcoins1,’ an account followed by the official Trump account and linked as a merchandise partner to the Trump Organization.$Gold… pic.twitter.com/pt8XhkdgJz
— Coin Bureau (@coinbureau) August 29, 2026
The digital asset was deployed at 7:38 a.m. and rapidly gained traction following promotion from the X account @realtrumpcoins1, which shared the token’s contract address. The account features a verification checkmark and commands over 42,000 followers. Its profile claims official partnership status with the Trump Organization, and Donald Trump himself follows this account.
This perceived connection sparked immediate buying interest. Solana’s rapid deployment capabilities enabled market participants to acquire tokens within moments of the promotional announcement.
Market Cap Peaks at $66 Million Before Catastrophic Drop Heavy trading activity propelled the token’s valuation to $66 million around 9 a.m. Price fluctuations persisted for multiple hours until the promotional content vanished at 11:48 a.m.
According to blockchain investigator EmberCN, addresses associated with the token’s creation offloaded 824.54 million tokens—representing 82.45% of the entire supply—in exchange for 9,784.6 SOL tokens valued at approximately $1.01 million. This massive liquidation caused the market capitalization to crater from $55 million to $1 million in roughly 30 seconds.
Analytics platform Lookonchain identified 15 interconnected wallets that accumulated positions prior to the promotional post’s appearance. These addresses subsequently exited their positions for combined profits near $330,000, based on Lookonchain’s analysis.
By early afternoon hours, the market cap had deteriorated to roughly $700,000, marking a nearly 99% decline from its zenith.
Trump Family Authorization Remains Unverified Donald Trump and his family members issued no public statements endorsing or acknowledging the token. Eric Trump had specifically addressed comparable speculation exactly one week before, on August 22.
“What a joke… This is absolutely not true. No one is launching any kind of coin. If anyone is suggesting otherwise, it’s a fraud,” he wrote.
The promotional account subsequently removed its content. The associated website, realtrumpcoins.com, operates on a domain distinct from the Trump Organization’s legitimate retail platform.
Scheme Resembles Previous Solana Token Scams This collapse follows an established blueprint. Concentrated token ownership combined with social media hype and swift liquidation has characterized multiple Solana token schemes.
A token designated BARRON, similarly referencing a Trump family member, executed an identical pattern in January 2025. An insider address converted a modest initial investment into profits exceeding $1 million following the token’s surge.
The Securities and Exchange Commission has issued warnings about fraudsters exploiting social media to artificially inflate token valuations before dumping positions. Staff guidance issued in February 2025 indicated that meme coins typically fall outside federal securities regulations, providing purchasers with minimal legal recourse.
At publication time, no law enforcement entity had publicly disclosed the identities of the wallet controllers.
Solana Foundation Vice President of Technology Jacob Creech outlined several upcoming Solana upgrades on Aug. 30. Transaction V1 is scheduled for Sept. 9, while the first stage of a network rent reduction is expected during the week beginning Aug. 31.
Summary
Solana plans to activate Transaction V1 on September 9, increasing transaction size to 4,096 bytes. The first rent reduction stage begins next week, starting a five-step path toward 90% savings. Solana already cut target slots to 350 milliseconds, with 300, 250 and 200 planned later. Alpenglow remains targeted for October, with Solana aiming for approximately 150-millisecond finality after mainnet activation. Legacy and version-zero transactions remain compatible because developers must opt into the larger V1 format. Creech also said developers plan to shorten slot times further and target October for Alpenglow. However, these changes follow separate activation processes. Transaction V1 will not automatically reduce slot times or activate Alpenglow.
There are a lot of major changes happening soon
– Next week: First step down in rent reduction
– Sept 9: Transaction V1 goes live
– Dropping slot time even further
– October: Alpenglow
Then we all meetup at Scale or Die in November
Solana development will never be the same
— Jacob Creech (@jacobvcreech) August 29, 2026 Transaction V1 raises Solana’s limit to 4,096 bytes Transaction V1 will raise Solana’s maximum serialized transaction size from 1,232 bytes to 4,096 bytes. The increase is about 3.3 times the existing limit, according to Solana’s official upgrade roadmap.
The larger format could support transactions containing zero-knowledge proofs, complex multisignature instructions and other data-heavy operations. The associated SIMD-0296 proposal also identifies BLS signatures and cross-chain operations as possible uses.
Developers must opt into the V1 format. Existing legacy and version-zero transactions will remain valid. Transaction V1 will not support address lookup tables, meaning applications must decide which format suits each transaction.
The change also requires wallets, application programming interfaces and other infrastructure to handle larger data payloads. The proposal acknowledges possible bandwidth and network fragmentation risks, which makes coordinated testing important before wider adoption.
Solana rent reduction begins with one of five steps The first rent reduction does not deliver the full 90% target immediately. Solana plans five stages that would eventually lower the rent calculation from 6,960 lamports per byte to 696 lamports per byte.
Solana uses rent-exempt balances to limit uncontrolled state growth. Applications lock SOL when creating accounts that store data. That SOL is generally recoverable when the account closes, meaning rent functions more like a refundable deposit than a recurring network fee.
Lower requirements would reduce the amount of SOL that developers must lock when creating token accounts, program accounts and other onchain state. This could lower entry costs for applications that manage many user accounts.
Agave 4.2 included the necessary code, but Solana placed the changes behind independent feature gates. As crypto.news previously reported, validators can activate the rent, transaction-size and slot-time upgrades separately after testing.
Faster Solana slots follow a separate schedule Solana has already reduced its target slot time to 350 milliseconds, down from the previous 400-millisecond target. The network plans additional stages at 300, 250 and eventually 200 milliseconds.
Creech did not provide dates for those remaining stages. Each reduction requires a separate feature activation. Network developers can therefore monitor validator performance before proceeding to the next target.
Shorter slots can improve transaction confirmation speed and increase the frequency at which validators produce blocks. They also place greater timing and networking demands on validators. Solana plans to adjust resource limits proportionally during the rollout.
Transaction V1 and reduced slot times are related to Solana’s broader performance roadmap, but they remain technically distinct. Reports describing Sept. 9 as the date for both changes would overstate Creech’s announcement.
Alpenglow remains an October target Alpenglow is Solana’s proposed consensus redesign. Solana says it aims to reduce transaction finality to approximately 150 milliseconds, compared with the longer confirmation process used by the current consensus system.
The official roadmap lists Alpenglow as “in development,” while Agave 4.3 is expected in October. Creech’s post supports October as the current target, but neither statement confirms a guaranteed mainnet activation date.
Before then, Solana is expected to begin the first rent-reduction stage and activate Transaction V1 on Sept. 9. Further slot reductions will depend on separate validator activations. Alpenglow must also complete testing and secure the required network support.
No verified market movement was directly attributed to Creech’s announcement at publication time.
Spotové Solana ETF přilákaly za 10 dní čisté přílivy ve výši 138 milionů USD, včetně denního maxima 47 milionů USD. BSOL od Bitwise drží 9,3 milionu SOL a spravuje více než 1 miliardu USD.
Glassnode reported on Aug. 28 that Solana spot ETFs recorded $138 million in net inflows over 10 days, including a single-day high of $47 million. Bitwise’s BSOL was reported to hold 9.3 million SOL and exceed $1 billion in assets under management. The original data post is available on X.
The Data Point The report gives a narrow snapshot rather than a promise about future prices. Its figures describe the wallets, products or market segment identified in the post, and the timing matters because crypto activity can change quickly. For the Aster move, the reported return was unrealized. For the GOLD sale, the wallet attribution came from on-chain tracking. For the SOL withdrawals, the transactions show movement from named exchanges but do not reveal the owners’ plans. For the ETF, exchange-balance and volume items, the figures are measurements from the named data providers, not official statements from every market participant.
Why It Matters These developments matter because they show how trading activity, custody decisions and liquidity can affect digital-asset markets. A new perpetual listing can attract leverage as well as attention. A coordinated-looking token sale can raise questions about concentration and disclosure. Large withdrawals may reduce immediately visible exchange balances, but they do not automatically indicate accumulation. ETF inflows can broaden regulated access, while exchange outflows can reflect many motives, including self-custody, staking or transfers between venues. Volume dominance likewise measures participation, not the quality or durability of the assets being traded.
What the Report Does Not Show The posts do not establish that any reported move will continue. They also do not, by themselves, prove intent, ownership or a completed change in market structure. Readers should distinguish realized gains from unrealized positions, observed transfers from wallet labels and data-provider estimates from audited financial disclosures. Those limits are especially important in fast-moving token markets, where thin liquidity can amplify both gains and losses.
Next Indicators Follow-up evidence will include whether the activity persists after the initial move, whether additional wallets or filings clarify attribution, and whether liquidity remains available across venues. In the ETF and exchange-balance cases, subsequent daily flows will show whether the reported direction was temporary or part of a longer trend. Until that evidence arrives, the developments remain dated market observations. BlockchainReporter will continue to separate sourced on-chain data from interpretation and avoid turning a single reading into a forecast. Context is available in earlier market coverage.
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Mysterious crypto writer with expertise in blockchain, offering deep insights that captivate and intrigue readers. With a unique ability to uncover hidden insights and trends, Samuel delivers in-depth analysis and thought-provoking content that keeps readers on the edge of their seats. His writing style is engaging and informative, blending technical knowledge with a sense of intrigue, making complex crypto topics accessible to both newcomers and seasoned industry professionals. Samuel’s work continues to capture the attention of the crypto community, solidifying his reputation as a trusted voice in the space.
Arcium spustil na Solaně Benchdot Markets, soukromou náborovou platformu, kde se sází na to, zda kandidát získá práci. Platforma běží na mainnetu a používá MPC pro skryté sázky.
Imagine a prediction market, but instead of betting on elections or sports, you’re staking tokens on whether a specific software engineer will get hired. That’s Benchdot Markets, which went live on Solana’s Mainnet on August 24 courtesy of Arcium, the encrypted computation network that styles itself as a privacy-focused “encrypted supercomputer.”
The platform introduces what Arcium calls “opportunity markets,” a category it claims is the first of its kind in digital assets. Companies post open roles with optional prize pools attached, and participants called “scouts” stake on candidates they believe will land the job. If their pick gets hired, they earn a share of the bounty. If not, their stake gets refunded.
Alpha numbers that actually look solid Benchdot didn’t materialize overnight. The platform ran a Devnet alpha phase starting April 27, 2026, and the early traction was noteworthy. Over 4,000 users signed up within the first week alone.
By the time the alpha wrapped up, 900 unique participants had staked across 12 distinct markets, creating 276 options in total. The combined stake volume hit $7.67M.
Why privacy matters in hiring markets The core pitch for Benchdot hinges on a real problem with transparent prediction markets: herding and front-running. When everyone can see where stakes are flowing in real time, participants tend to pile into the same positions, diluting the quality of the signal.
Arcium addresses this with multi-party computation, or MPC. In practical terms, MPC lets multiple parties jointly compute a result without any single party seeing the raw inputs. Applied to hiring, this means scouts can stake on candidates without their choices being visible to other participants or even to the hiring company until the market resolves.
Arcium’s broader trajectory Benchdot Markets sits within a larger ecosystem that Arcium has been methodically building. The network reached Mainnet Alpha back in February 2026, establishing the foundational infrastructure for confidential applications on Solana.
Four months later, in June 2026, Arcium released its governance and utility token $ARX, giving the ecosystem a native economic layer. The project has raised more than $7.5M to date and supports over a dozen teams building confidential applications on its infrastructure.
The Solana angle is also strategic. Solana’s low transaction costs and high throughput make it a natural home for a product that requires frequent staking interactions across many participants.
What this means for the market The refund mechanism for unsuccessful stakes lowers the barrier for participation. Unlike traditional prediction markets where losing bets evaporate, Benchdot’s model means scouts only lose opportunity cost, not principal.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana 21. srpna spálila tokeny SOL v hodnotě 87 000 USD, což je nejvíce za téměř sedm měsíců. Nárůst souvisí s vyšší aktivitou na síti a objemem transakcí.
Solana registered its largest daily token burn in nearly seven months, destroying $87,000 worth of SOL on August 21. This spike in burns coincides with surging on-chain activity and increased transaction volumes across the network.
Burn mechanisms and rising on-chain activityThe Solana blockchain automatically removes half of all base transaction fees from SOL’s circulating supply. Under normal network conditions, around $47,000 worth of SOL is burned each day. The sharp rise to $87,000 followed a period of heightened on-chain usage and growing decentralized finance (DeFi) volumes.
Validator services such as Helius and Jupiter, along with developer collectives like Anza, influence the economics behind these burns. Additional involvement comes from organizations that actively manage crypto treasuries, such as DeFi Development Corp and Forward Industries. All together, these entities support an environment in which burn rates directly reflect real-world network demand.
Burn levels are integral to Solana’s broader supply and value dynamics. Each day, approximately 60,000 SOL is newly minted and the historical daily burn typically ranges near 650 SOL. The recent uptick means net inflation trends lower, a factor closely monitored by ecosystem participants.
Recent spikes in user activity and fee revenue enabled Solana to destroy $87,000 of SOL in a single day, its highest level in seven months, pushing net inflation lower and highlighting robust demand for block space and DeFi applications on the network.
Governance proposals and inflation outlookThe community is currently voting on Solana governance proposals SGP-0002 and SGP-0003, both of which are set to influence future burn patterns and network economics. A key technical update, SIMD-0553, seeks to introduce resource-based fees, which would elevate daily burns to between 7,500 and 9,000 SOL—potentially totaling up to $6.2 million. Another proposal, SIMD-0550, would accelerate a deflationary shift, targeting an inflation rate of 1.5% by 2029.
Validator concerns center on cost predictability and the impact of these changes on staking rewards and token supply. Adjustments to burn rates can affect validator incomes and require stakeholders to adapt as deflation becomes more pronounced.
Mini dictionary: Validators, also known as node operators, are responsible for securing the Solana network, processing transactions, producing new blocks, and earning staking rewards. They play a crucial role in implementing network proposals and ensuring the blockchain’s integrity.
Date/EventDaily SOL BurnUsual RangePotential Maximum (Projected)August 21, 2024$87,000$47,000$6.2 million (SIMD-0553)Impact on investors and ecosystemHigher burn rates can offer benefits for both institutional and retail investors by controlling the supply and potentially supporting the valuation of SOL over time. From the perspective of network developers, payment systems, and DePIN builders, stronger burn signals real activity, demonstrating Solana’s competitiveness compared to blockchains such as Ethereum and various Layer 2 networks.
The ecosystem continues to watch the ongoing governance votes, which end on August 29. The outcome is expected to shape Solana’s supply dynamics and validator economics in the months ahead.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Bitwise Solana Staking ETF (BSOL) dosáhl za jediný den téměř 100 milionů USD objemu obchodů. Fond má už zhruba 760 až 770 milionů USD ve spravovaných aktivech.
The Bitwise Solana Staking ETF (BSOL) saw nearly $100 million in trading volume in a single day, a milestone that underscores just how much institutional and retail demand has built around yield-generating crypto products.
BSOL, which trades on NYSE Arca, isn’t just a passive SOL tracker. It stakes 100% of its holdings, meaning investors get both price exposure to Solana and staking rewards in a single regulated wrapper. That dual value proposition, combined with a rock-bottom 0.20% management fee, has clearly resonated with the market.
From launch day fireworks to sustained momentum When BSOL debuted on October 28, 2025, it generated first-day volume between $55.4 million and roughly $69.5 million.
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Assets under management told an even more compelling story. The fund launched with approximately $217 million in AUM, blew past $500 million by November 2025, and has since climbed to roughly $760 to $770 million.
Bitwise waived the 0.20% sponsor fee entirely on the first $1 billion in assets for a three-month introductory period, making the cost of entry effectively zero for early adopters.
The staking yield adds another layer. SOL staking rewards have historically averaged around 7%, representing a differentiated income stream for investors already comfortable with digital asset exposure.
Tokenization enters the picture On August 13, 2026, Bitwise announced it would explore tokenizing BSOL shares through a partnership with Superstate. If executed, this would allow the ETF’s shares to exist on-chain, potentially expanding both liquidity and access beyond the traditional brokerage rails that ETFs typically rely on.
The Superstate partnership is still in exploratory phases.
A crowded field, but BSOL found its lane What sets BSOL apart from a vanilla Solana ETF is the staking component. A roughly 7% annualized yield, even if variable, provides an income story that pure price-tracking products can’t match.
With AUM approaching $770 million and the $1 billion mark within striking distance, the fee waiver clock is ticking. Investors who want the zero-fee window still have a narrowing opportunity before the 0.20% fee kicks in.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ověřený účet Kylie Jenner na X, který má zhruba 39,5 milionu sledujících, krátce propagoval Solana memecoin na Pump.fun, který po smazání příspěvků spadl z tržní kapitalizace 1,21 milionu USD pod 120 tisíc USD.
Kylie Jenner’s verified X account, which has roughly 39.5 million followers, briefly promoted a Solana memecoin on Pump.fun before the posts were scrubbed. The token tied to the now-deleted posts saw its market cap spike to $1.21 million, then collapse below $120,000 in what appears to be the latest in a growing pattern of celebrity account compromises used to pump short-lived tokens.
The posts directed followers to a Pump.fun page with the handle “cutekjenner” and included a Solana contract address. Both were removed shortly after publication, but not before on-chain observers and community members flagged the activity as almost certainly the result of a hack.
What happened on-chain The token associated with the contract address (6b7KQsXqb6JR5Nmeer5zGRmo51dwDfttM5b5Nu2rpump) launched on Pump.fun, Solana’s dominant memecoin launchpad. Within minutes of the posts going live from Jenner’s account, buying pressure pushed the token’s market cap to an all-time high of $1.21 million.
That peak didn’t last long. Once the posts disappeared, sellers took over. The market cap cratered to below $120,000, a drop of more than 90%.
A familiar playbook Throughout 2024 and into 2025, a string of high-profile X accounts were compromised using nearly identical tactics: gain access to a verified celebrity or brand account, post a Solana token address or Pump.fun link, let the FOMO do the rest, and cash out before anyone realizes the account holder had nothing to do with it.
Community reactions on both Pump.fun and X pointed to several red flags. The tone of the posts didn’t match Jenner’s typical content. The timing was abrupt. And the deletion, coming just minutes later, suggested either the real account holder regained access or the attacker pulled the plug after extracting enough value.
As of the immediate aftermath, neither Kylie Jenner nor her representatives had issued any official statement about the incident.
The mechanics of celebrity account exploits Pump.fun has become the de facto venue for this type of attack because of how frictionless it makes token creation. Anyone can launch a Solana token on the platform in seconds, with no vetting or approval process.
The exploit relies on a simple asymmetry: the attacker knows the post is fake, but the 39.5 million people who follow Kylie Jenner do not. Even if only a tiny fraction of those followers act on the post, the resulting buy pressure on a low-liquidity token is enough to generate a massive price spike. The attacker, who presumably loaded up on the token before posting, sells into that spike.
A token that briefly hits $1.21 million in market cap on Solana, where transaction fees are negligible, represents a potentially significant payday for whoever holds a large percentage of the supply at launch.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Flowra spustila Open Orderflow Auction pro Solanu, která otevírá soutěž o blockspace a má zvýšit příjmy validátorů. V testu na jednom validátoru vzrostly compute units na blok o 20,6 %, přičemž se tento validátor posunul z 84 % na 101 % průměru sítě.
New infrastructure enables open competition for Solana blockspace while introducing programmable block policies for validators
Flowra today announced the launch of its Open Orderflow Auction (OOA), a new block-building framework for Solana designed to introduce open competition into the network’s MEV market and increase validator revenue.
The Open Orderflow Auction allows registered searchers to compete for transaction inclusion through a transparent auction rather than relying on closed orderflow channels. By opening blockspace to competitive bidding, Flowra aims to improve price discovery and enable validators to capture a greater share of the value generated by MEV.
In early testing on a single validator, a Flowra-enabled setup increased compute units per block by 20.6%, moving that validator from 84% to 101% of the network average, alongside higher block fees than comparable validator software and 100% block production with 99.999% block engine uptime
In addition to the auction, Flowra is introducing Programmable Block Policy, which allows validators to define their own transaction inclusion policies at the block-building layer. The feature is designed to give validators greater operational flexibility, including the ability to meet regulatory or institutional compliance requirements without changing the underlying Solana protocol. They recently announced a collaboration with compliance infrastructure provider Honeypot to bring sanctions and risk screening to this layer.
“Solana’s performance has made it one of the industry’s leading blockchain networks, but its MEV market remains largely concentrated,” said Harry Hwang , CEO at Flowra. “By opening block building to transparent competition, we’re creating a more efficient market for blockspace while giving validators greater control over how their blocks are constructed with full verifiability and auditability.”
Flowra’s architecture is inspired by the competitive block-building model that emerged on Ethereum, where open bidding significantly increased proposer revenue. The company believes Solana’s high throughput and low-latency design make it well suited for a similar market-based approach to block building.
Flowra is currently onboarding institutional-grade validators to the Open Orderflow Auction, with a broader rollout to follow as the network expands. The Open Orderflow Auction is now available to validators and searchers participating in the Solana ecosystem.
About Flowra Flowra is a blockchain infrastructure company building validator and order flow solutions for the Solana ecosystem. The company develops technology designed to improve transaction transparency, value distribution, and incentive alignment across validators, users, and builders. Through its validator infrastructure, delegation programs, and MEV-related technologies, Flowra aims to create a more open, efficient, and scalable foundation for the next generation of blockchain networks.
Pump.fun just posted $13.68 million in weekly protocol revenue, its strongest seven-day stretch since February. Nearly all of it, $13.67 million, came from activity on Solana. The remaining sliver originated from the platform’s smaller footprints on Base, BSC, and Ethereum.
The numbers behind the surge Pump.fun’s 24-hour revenue clocked in at $1.77 million, while the trailing 30-day figure reached $47.75 million. Annualized, the platform is on pace to generate roughly $461 million in protocol revenue.
Since launching on January 19, 2024, cumulative revenue has crossed $1.259 billion. Cumulative fees are even higher, exceeding $1.997 billion.
The platform earns revenue through a mix of trading fees, graduation fees (charged when a token’s bonding curve completes and migrates to open trading), and ancillary products like PumpSwap and its advanced trading terminal. The bonding curve mechanism prices tokens algorithmically as buyers pile in, creating instant liquidity without needing a traditional market maker.
PUMP token economics and holder payouts The PUMP token currently trades around $0.005, giving it a market capitalization of approximately $1.95 billion and a fully diluted valuation near $4.19 billion.
A protocol generating nearly $48 million per month while trading at a $1.95 billion valuation implies a price-to-annualized-revenue multiple of roughly 4.2x.
In the past seven days alone, $6.55 million was distributed to PUMP holders through buybacks and profit-sharing mechanisms. That means roughly 48% of weekly protocol revenue is being funneled back to token holders.
What’s driving the revival Pump.fun’s model allows token creation without pre-mines or insider advantages. The bonding curve launch mechanism means every buyer faces the same price curve, eliminating the informational asymmetry that plagues traditional token launches.
PumpSwap, the platform’s integrated decentralized exchange, captures trading volume that might otherwise leak to third-party AMMs, keeping the full lifecycle of a meme token from creation through active trading within its own ecosystem.
What this means for the broader market For Solana specifically, Pump.fun’s activity is a non-trivial contributor to network usage and transaction fees. A platform generating billions in cumulative fees creates real demand for SOL needed to pay gas, which feeds back into the network’s economic model.
For PUMP token holders, the 30-day revenue of $47.75 million and $6.55 million in weekly holder distributions are the key variables to watch. If weekly fees drop back, holder distributions would shrink proportionally, and the valuation math would need to be reworked entirely.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Na Solaně probíhá hlasování o SGP-002 a SGP-003, které mění inflaci $SOL a zavádějí resource fee. Kritici varují, že SGP-003 může poškodit aplikace a vývojáře.
Solana tokenomics proposals SGP-002 and SGP-003 are now open, with $SOL stakeholders casting their votes on two critical changes to network inflation and resource fees.
While initial votes lean heavily towards approving both proposals with flying colors, critics have become more vocal in arguing against SGP-002 and SGP-003.
Why are the experts divided on proposals theoretically designed to make $SOL more valuable?
Solana Governance Proposals Go Live Solana’s stakeholders are once again heading to the ballot boxes to express their views on $SOL inflation and tokenomics design.
Authored by Helius’ _lostin_, SGP-002 suggests doubling $SOL’s disinflationary rate, bringing the network to its terminal inflation rate of 1.5% p.a. ~3 years early. Simultaneously, Temporal’s cavemanloverboy has floated SGP-003, which proposes introducing a resource fee designed to make Solana programs more efficient and implement a $SOL value accrual mechanic.
With both votes scheduled to run until the end of epoch 1024, or roughly September 28, onchain data suggests both proposals will pass in a landslide. While both SGP-002 and SGP-003 are far from reaching the 33% of stake quorum, over 96% of early voters have responded in favor of the proposals.
However, as we’ve seen previously, early voting behavior is hardly an indicator of final outcomes. SIMD-0228, an earlier governance proposal deliberately new $SOL issuance mechanics, received strong initial support, before a flurry of late voters overturned the vote, which ultimately failed.
Ellipsis Labs CEO Pushes Back on SGP-003 With SGP-003 finally being put to a vote, many of the proposal’s critics have reinforced their arguments against the suggested resource fee. Speaking out against SGP-003, Ellipsis Labs CEO Eugene Chen asserted that introducing a resource fee will make Solana a “worse home for applications”.
Chen, CEO of the firm behind Phoenix Perps and SolFi, the network’s first major prop AMM, argues that the proposal penalizes applications the author deems a “a poor use of blockspace”. By adding a fee that scales based on the complexity and resource-intensiveness, one could argue that the network discourages developers and engineers from building creative and complex applications.
Speaking with SolanaFloor, SGP-003 author cavemanloverboy asserts that the onus is then simply on developers and engineers to write more efficient code. His sentiments were further echoed by ex-Flash Trade engineer Busy Panda, who opined that Solana needs a resource fee mechanic to ensure block space is correctly optimized.
Manifest has also expressed opposition towards SGP-003. According to Solana’s leading spot CLOB DEX, the proposal favors prop AMM architecture and could result in more onchain security risks by forcing developers to write more complex code.
Stakeholders Express Concerns Over “Lost Income” As for SGP-002, pockets of Solana’s validator community are voicing their concerns over the impacts of doubling network disinflation. While much of the Solana community has expressed resounding support for any proposal that will lower $SOL inflation, validators argue this change comes at the direct expense of those providing the network security we all rely upon.
Triton’s Brian Long recently shared a series of arguments against SGP-002 and the proposed acceleration of Solana’s disinflation rate, citing lost stakeholder income as a potential risk to validators. Long asserts the proposal forces validators to give up income for the sake of a speculative attempt to increase price.
Helius CEO Mert Mumtaz pushed back on Long’s arguments, claiming they are mathematically incorrect and positioning it as a Trojan Horse to justify “extracting more value from users” in the name of “economic rationality”.
Ultimately, the raging debates around both proposals highlight one of the core features of blockchain governance. Everyone has self-serving interests, and these can either support or inhibit the chain’s development and progress.
Validators rightly don’t want to suffer a loss of income, and developers and engineers don’t want to pay higher fees in order to run existing programs. Neither of these positions is unreasonable, but both can be seen as counterproductive to the more popular desire among $SOL holders to try and increase the asset’s markets.
Under Solana’s new governance mechanics, stakers are now able to override validators and vote on these proposals directly. Regardless of your views, every $SOL staker owes it to themselves to learn the ins and outs of each proposal and ensure that their votes reflect their views.
Ekosystém Solana DApps vygeneroval minulý týden příjmy 35 milionů USD, což je nejvyšší týdenní úroveň za 29 týdnů. Pump.fun dál táhne aktivitu a jeho celoživotní příjmy už přesáhly 1 miliardu USD.
Solana’s decentralized application ecosystem pulled in $35 million in revenue last week, the highest weekly total in 29 weeks. The last time the network’s apps hit a comparable mark was back in early February, making this a notable rebound after months of more modest figures.
Where the money is coming from Pump.fun, the memecoin launchpad that has become synonymous with Solana’s consumer-facing identity, has been generating between $8 million and $12 million in revenue over recent seven-day periods. The platform’s lifetime revenue has now crossed the $1 billion mark.
DeFi protocols Jupiter and Raydium continue to serve as the network’s trading backbone. Jupiter, Solana’s leading aggregator, routes swaps across the ecosystem’s liquidity pools, while Raydium provides the automated market-making infrastructure that underpins much of the network’s trading volume.
Revenue concentration among the top applications is striking, with the top-performing apps claiming 60–78% of total revenue, according to analytics from DeFiLlama and SolanaFloor.
Solana’s sustained lead over other chains In Q2 2026, Solana dApps collectively earned $257 million, maintaining the network’s position as the top-revenue blockchain for the ninth consecutive quarter across both Layer 1 and Layer 2 networks. Solana captured roughly 41% of total Web3 dApp revenue during that stretch.
Monthly figures during peak periods earlier in 2026 surpassed $100 million. Weekly revenues showed meaningful volatility throughout the year, ranging from around $16.94 million during quieter stretches in April and May to peaks approaching $50 million during standout weeks.
Memecoins as an economic engine Memecoin launches and trading activity, facilitated primarily through Pump.fun, represent a massive chunk of Solana’s application economics. Trading activity generates fees for validators, creates volume for DEX protocols like Raydium, and drives swap transactions through Jupiter.
What to watch going forward Revenue concentration among a small number of applications means the ecosystem’s headline metrics are vulnerable to idiosyncratic shocks. Weekly revenues fluctuating between $16.94 million and $50 million within a single year underscores how quickly conditions can shift.
Network fees generated by high transaction volumes flow to validators and stakers, creating a direct economic link between application activity and token value. Nine consecutive quarters of revenue leadership is the kind of consistency that tends to attract institutional attention.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana chystá Transaction v1 na testnetu, který zvýší maximální velikost transakce z 1 232 na 4 096 bajtů. Upgrade má usnadnit složité operace včetně ZK proofů a multisig.
Solana is preparing to flip the switch on Transaction v1, a protocol upgrade heading to testnet in the coming weeks that triples the maximum transaction size. The change takes the ceiling from 1,232 bytes to 4,096 bytes, clearing the way for operations that previously had to be split across multiple transactions or stitched together with workarounds.
What’s actually changing The upgrade is defined across two Solana Improvement Documents: SIMD-0296 and SIMD-0385. Together, they redesign how transactions are structured at the protocol level.
Transaction v1 introduces a new version byte (0x81) and moves compute and priority-fee configurations into a fixed header mask. That’s a fancy way of saying resource limits get baked directly into the transaction header instead of being handled separately, which should streamline how validators process each transaction.
The bigger payload capacity unlocks several use cases that were previously painful or impossible to execute atomically. Zero-knowledge proofs, large multisig transactions, and BLS signature schemes can now fit inside a single transaction rather than relying on lookup tables or bundling tricks to piece things together.
Address Lookup Tables, the compression tool Solana introduced to squeeze more accounts into legacy-sized transactions, are being removed in the new format. Analysis from mid-August 2026 suggests the transition is smoother than it might appear. Roughly 62% of sampled v0 transactions were using ALTs, yet most of those transactions fit comfortably within the new 4,096-byte limit when converted to v1 format, with a median excess of approximately 420 bytes to spare.
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Timeline and testing status The testnet launch is targeted for late August 2026. Local testing has been available for a while through solana-test-validator version 4.2 and above, along with tools like Surfpool.
Preliminary feature-gated improvements for mainnet kicked off on August 17, 2026 as part of the Agave 4.2 client release cycle. That means the groundwork is already being laid for an eventual mainnet deployment, though the testnet phase will come first to shake out any issues.
Legacy transactions and the current v0 format will continue to work without modification. This isn’t a forced migration. Developers and applications that don’t need the extra capacity can keep doing exactly what they’re doing.
That said, indexers and infrastructure services will need to adapt. The new transaction serialization format means any tool that parses raw transactions, block explorers, analytics platforms, RPC providers, needs to understand the v1 structure.
Why this matters for Solana’s architecture The 1,232-byte transaction limit dates back to the network’s early design decisions around UDP packet sizes and later QUIC networking protocols adopted post-2022. While the limit helped keep the network fast, it also forced developers into creative contortions when building anything complex.
DeFi protocols sometimes had to break a single logical operation into multiple transactions. Multisig wallets with many signers bumped up against the ceiling regularly. And zero-knowledge applications, which produce proofs that simply don’t fit in 1,232 bytes, required workarounds.
Transaction v1 doesn’t solve every scaling challenge Solana faces, but it removes a bottleneck that was becoming more noticeable as applications grew more sophisticated. The 3.3x increase gives developers meaningfully more room without fundamentally changing the network’s performance characteristics.
What to watch next Developers building on Solana should be watching how their existing transaction patterns translate to the new format, especially if they currently rely on Address Lookup Tables. While the data suggests most workloads will port cleanly, edge cases always exist.
The gap between testnet activation and mainnet deployment will be the window to watch. If that transition happens without major incidents, it validates Solana’s approach of embedding resource limits directly into transaction headers.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana (SOL) se drží kolem 94 USD po 27% růstu za minulý týden, zatímco ETF na SOL přilákaly 28,34 milionu USD za čtyři dny v řadě. Validátoři zároveň hlasují o návrzích, které mají upravit řízení sítě i snížit tlak na nabídku.
Solana (SOL) edges lower to $94 on Monday, following a 27% rebound last week to a two-month high. SOL-focused Exchange Traded Funds (ETFs) recorded four consecutive days of inflows last week, totaling $28.34 million, suggesting renewed institutional buying. Validator voting on multiple proposals started on Monday, which includes doubling the disinflation rate to 30%.
Solana validator voting beginsSolana validators have begun voting on SGP 1, SGP 2, and SGP 3 proposals, with voting ending Thursday. The SGP 1 protocol addresses the ratification of the Solana Constitution to govern Solana’s network-level decision-making. SGP 2 proposes reducing the inflation rate by increasing the disinflation rate to -15% to -30%. Finally, SGP 3 plans to introduce a fixed base inclusion fee paid to the block leader and a resource fee with a requested transaction cost, which will be burned.
Taken together, the proposals will restructure on-chain decision-making and reduce pressure on available supply.
Solana ETFs regain strengthSolana regains institutional demand. SoSoValue data shows the SOL-focused ETFs recorded $28.34 million in inflows last week, the highest over the last two months. Typically, renewed buying from institutional investors implies a bullish trend reversal.
SOL ETFs data. Source: SosovalueTechnical outlook: Will SOL price cross above $100?Solana trades around $94 on Monday, holding a bullish near-term bias above both the 50-day Exponential Moving Average (EMA) at $79.04 and the 200-day EMA at $92.67. SOL price remains capped below the $100 psychological level and the May 11 high of $98.41.
For a sustained recovery, SOL should confirm a decisive close above the $100 mark. This could open the path toward the 127.2% Fibonacci extension level of the $98.41 to $60.13 downswing at $112.52.
Momentum stays strong, with the Relative Strength Index (RSI) hovering in overbought territory near 79 on the daily chart. At the same time, the Moving Average Convergence Divergence (MACD) shows a steady upward trend with a positive histogram, suggesting that buying pressure remains dominant.
SOL/USDT daily price chart.On the downside, initial support is seen at the 200-day EMA around $92.67, followed by the 78.6% retracement near $88.56. Deeper declines would expose the 50-day EMA at $79.04 and the 50% retracement at $76.92.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Solana's RWA value has surpassed $4 billion, a new ATH for the network. The increase comes as the total supply of tokenized equities on Solana continues to grow.
This growth remains significant as what began as a negligible market in early 2024 has become a multibillion-dollar ecosystem spanning tokenized Treasuries, public equities, private credit, reinsurance, sovereign debt, commodities, liquidity funds, and stablecoin settlement infrastructure.
Tokenized equities are where Solana's RWA growth is accelerating fastest. As of late July 2026, 97% of all onchain tokenized equities spot volume to date had settled on Solana. This reflects Solana's increasing role as a leading venue for tokenized equity distribution and secondary activity.
RWA value doublesOne of the defining industry trends over the past year has been the growth of RWAs, with Solana sustaining its momentum. The recent increase of RWA value to $4 billion marks a nearly 100% increase from that seen at Q1 close. Solana non-stablecoin RWA value doubled, rising from $2.01 billion at the end of Q1 2026 to a current $4 billion.
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Solana currently has 347,944 RWA holders according to rwa.xyz data. The network has become a significant venue for tokenized Treasury products, with several large global issuers already on it.
These include Circle's USYC tokenized money market fund, one of the largest tokenized Treasury products worldwide, which launched on Solana in October 2025.
Others include BlackRock's BUIDL, the USD Institutional Digital Liquidity Fund, which expanded to Solana in March 2025 through Securitize.
Ondo Finance runs two Treasury-linked products on Solana. USDY is a tokenized note backed by short-term U.S. Treasuries and bank demand deposits, and OUSG provides exposure to short-term U.S. government bonds and is backed significantly by BlackRock's BUIDL fund.
VanEck's VBILL, a short-term U.S. Treasury product, launched on Solana in May 2025 via Securitize. Franklin Templeton's BENJI, the token of the Franklin OnChain U.S. Government Money Fund (FOBXX), the first U.S.-registered mutual fund to use a public blockchain as its system of record, launched on Solana in February 2025.
Solana spustila on-chain hlasování o SGP-0002, které by zdvojnásobilo roční míru disinflace z 15 % na 30 %. Pokud projde, v budoucí emisi by bylo o 18,9 milionu SOL méně.
TLDR: The proposal could cut projected six-year SOL supply by 18.9M tokens, equal to about $1.81B at $95.70. Modeled staking yields could fall from 5.84% now to 4.34% after one year and 2.25% after three years. SGP-0002 needs one-third stake participation and two-thirds support, making it an early governance test. A 30% disinflation rate could bring Solana to its 1.5% inflation floor in 2029 instead of around 2032. Solana has opened an on-chain vote on SGP-0002, putting a token issuance change before validators and stakers. The proposal would double annual disinflation from 15% to 30%, accelerating how quickly new SOL issuance declines without changing the network’s 1.5% inflation floor.
⚡️LATEST: Solana’s proposal to double its disinflation rate from 15% to 30% is now live for governance voting.
If approved, $SOL inflation would fall twice as fast, meaning fewer new tokens entering circulation and less dilution for holders. pic.twitter.com/pPTt5iXQ5p
— CryptosRus (@CryptosR_Us) August 23, 2026
The vote is active under the network’s new stake-weighted governance framework, where validators and native stakers signal support or opposition. Delegators can override their validator’s choice, giving stakers a direct role in the outcome. The decision therefore combines monetary policy with an early governance test.
Solana Vote Puts 18.9M SOL Issuance Cut Before Stakers SGP-0002 is linked to SIMD-0550, authored by Lostin and 0xIchigo of Helius. Their June model placed the inflation rate at 3.82% under the existing schedule. At the current 15% annual disinflation rate, inflation would fall to about 3.24% after one year, reaching the 1.5% floor around the first half of 2032.
Source: X
However, the proposed 30% schedule would move faster. Inflation would decline to roughly 2.86% after one year and reach the same floor around early 2029. That acceleration would reduce cumulative issuance. The model projects total supply of 708.54 million SOL after six years, versus 727.43 million under the current schedule.
The 18.9 million-token difference equals about 2.6% of projected supply. At $95.70 per SOL on Aug. 23, that amount is worth about $1.81 billion. Nonetheless, the proposal does not immediately halve inflation. It only doubles the pace at which the inflation rate declines toward the unchanged long-term floor.
Lower issuance would also reduce staking rewards. At 68% modeled staking participation, nominal yield would fall from about 5.84% currently to 4.34% after one year. The model then places staking yield near 3.00% after two years and 2.25% after three years. Those figures exclude commissions, MEV, and block-related revenue.
Validator economics also weaken gradually. Among 738 validators, two additional operators become unprofitable or move from breakeven after one year. That number rises to 13 after two years and 30 after three years. Still, the authors modeled the overall validator impact as relatively limited.
Lower Staking Yields Put Validator Economics in Focus The economics have already drawn institutional opposition. Nasdaq-listed Solana Company said Aug. 21 that it would vote against SGP-0002. The company supports lower issuance as a long-term goal. However, it argued that changing established economics during the first governance cycle could reduce institutional predictability.
The vote also follows the failed SIMD-228 debate in 2025. That proposal sought dynamic issuance tied to staking participation rather than the existing fixed schedule. About 74% of staked SOL participated. However, only 61.4% of non-abstaining votes supported the proposal, below the required two-thirds threshold.
Under the new SGP process, at least one-third of network stake must participate. Two-thirds of participating stake must then vote in favor for passage. SGP-0002 therefore places two questions before the network. One concerns how quickly SOL dilution should decline, while the other tests whether governance can produce decisive consensus.
Solana (SOL), a prominent blockchain platform known for its high-speed and scalable network, surged by 25% over the past week, breaking above the $90 price mark for the first time in months. This sharp rally came after the US Securities and Exchange Commission introduced a new regulatory framework targeting cryptocurrencies.
Massive liquidations upend marketTrading activity in SOL intensified significantly as volume climbed nearly 50%, reaching $9.5 billion. This volume accounts for 17% of the total circulating market value of SOL, reflecting aggressive buying pressure and rising investor interest.
These developments triggered a wave of forced closures for traders betting on a price decrease. Over a three-day span, short positions worth $4.6 billion were liquidated across the crypto market. Notably, August 18 alone registered $2.9 billion in short liquidations, ranking as the eighth-largest single-day liquidation event in the sector’s history.
August 18 saw short positions worth $2.9 billion wiped out, one of the highest daily liquidations ever in the crypto market.
SOL not only broke past its 200-day exponential moving average (EMA), but also overcame long-standing price supply zones at $78 and $90, both previously acting as stubborn resistance. The asset closed at $93.72 on August 21, marking a daily gain of 6.94%.
The Kobeissi Letter, a widely followed financial analysis platform, noted that SOL moved above $100 for the first time since February 3, emphasizing renewed strength and rising momentum across digital assets.
On-chain signals and institutional inflowsA key on-chain indicator has reappeared, one with a track record of preceding rallies. The crossing of 30-day and 50-day moving averages for daily active users was last observed in June 2025, an event previously linked with SOL’s price soaring from $145 to $245 in a matter of months.
This same crossover is evident again according to blockchain analytics firm Santiment, who tracks address activity and user engagement on major blockchain networks.
Mini dictionary: Santiment, an analytics provider specializing in real-time blockchain and on-chain behavior analysis, offers data on metrics such as daily active addresses and sentiment shifts that help assess market dynamics.
Net inflows into SOL-linked exchange-traded fund (ETF) products rose to $38 million, the highest level since May, indicating a return of institutional capital to the network. During this period, the widely watched Crypto Fear and Greed Index climbed from 36 to 76, showing a sharp switch from neutral to highly optimistic investor sentiment.
MetricPrevious ValueCurrent ValueSOL price$73$91.89Trading volume$6.3 billion$9.5 billionETF net inflows–$38 millionFear & Greed Index3676Technical levels and short-term risksTechnical indicators show Solana is now in overbought territory. The daily candle features a considerable upper wick, suggesting increased selling near current levels as some traders take profits.
Analysts are now watching $83 as a potential support zone if a price pullback occurs, with the 200-day EMA also nearby and likely to serve as an additional floor. Before this recent breakout, SOL had previously failed to hold above $90 on two separate occasions. The closing price above that level signals potential for a sustained move higher if buying persists.
Technical analysts are monitoring the $83 support level, with the 200-day EMA closely aligned as further downside protection.
Should Solana manage to stay above $90, technical targets are projected in the mid-$120 range. Failure to hold this price could see the asset return to a pattern of declining highs. As of now, SOL trades at $91.89, down 9.15% on the day, indicating that the anticipated retracement may have begun.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Circle’s USDC Treasury minted 250 million USDC directly on the Solana blockchain in a single on-chain transaction on August 20, 2026. The move, flagged by Whale Alert and confirmed via Solana transaction data, represents fresh issuance rather than a redeployment of existing supply.
A single mint, but part of a much larger wave The $250M transaction did not happen in isolation. According to tracking data, roughly $1.25B in USDC was minted on Solana within a single week during mid-to-late August 2026. That is five transactions the size of this one, compressed into seven days.
Circle operates USDC on a strict 1:1 model against USD reserves. Every token minted corresponds to a real dollar sitting in a custody account. Circle only mints on verified demand, meaning the issuance is a response to demand already sitting at the door.
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USDC held its peg through and after the transaction, producing no immediate price impact.
Why Solana, and why now The clustering of large USDC mints throughout 2026, with similar 250M events occurring multiple times this year alone, points to sustained and growing institutional appetite.
DeFi activity on Solana has been a significant pull factor. Liquidity pools require deep stablecoin reserves to function efficiently, and institutional desks routing dollar exposure through on-chain venues have similarly contributed to the demand signal Circle is responding to.
The minting itself is trackable in real time through services like Whale Alert, which broadcast large on-chain transactions to market participants.
What this means for Solana’s competitive position Ethereum remains the dominant venue for stablecoin issuance in aggregate, but Solana’s growing share of Circle’s minting activity reflects a rebalancing in where institutional and DeFi users prefer to operate.
The key variable to watch is where the newly minted USDC flows next. Movement into centralized exchanges would suggest institutional actors are preparing to trade or redeem. Movement into on-chain liquidity pools would indicate DeFi protocols absorbing the new supply.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana (SOL) saw a successful mainnet upgrade on Friday morning that cuts the network's target slot time to 350 milliseconds (ms), down 50 ms from its former target of 400 ms. A slot is the short period of time in which a designated validator can produce a block of transactions of Solana's blockchain.
The change was the first step under SIMD-0525, a Solana upgrade proposal merged on May 14 that outlines a path to eventually cutting the target slot time to just 200 ms, half its longtime value.
"Shorter slots reduce confirmation and finalization latency for users," the proposal explains. "Any consensus or commitment threshold measured in slots takes less wall-clock time as slot time decreases."
The change also shortens Solana's epochs, which each contain 432,000 slots, meaning an epoch that used to take about 48 hours should now only take about 42 hours. Validators, which remain in charge for four slots at a time, will now change turns every 1.4 seconds, down from 1.6 seconds.
Solana developers plan to make three further 50 ms cuts until the slot time reaches its final target of 200 ms. Each stage will be switched on separately, and the rollout can be paused if too many validators fail to produce blocks in their assigned slots, according to the Solana Foundation's upgrade overview.
In a point-in-time check conducted for this article, a 1,000-slot period shortly before the change took 415 seconds, compared with 368 seconds for a 1,000-slot period later in epoch 1020.
While shorter slots reduce transaction latency, the change does not mean Solana's network can automatically process more work each second, as validators handle slots more often but each slot carries less work. Shorter slots also limit how long one validator can delay or rearrange transactions before the next validator's turn, the proposal's authors argue.
Seven-day moving average of vote and non-vote transactions on Solana over the past year, per The Block's data. The change comes as non-voting transactions on the network, meaning transactions that have a purpose beyond supporting the network, have seen a notable rise since the start of the year according to The Block's data.
Solana, co-founded by Anatoly Yakovenko, has in the past separately increased the amount of work that can fit into each block. The Block reported in July 2025 that developers had proposed raising the network's compute limit, which limits the amount of work the network can do to process transactions, to 100 million compute units. The change was merged and adopted into the main network on July 29.
The network has also recently added another major validator client, written in a different language than the Rust-based Agave (and its popular fork, Jito-Agave). Jump Crypto’s Firedancer client, written in the C programming language, went live in December, improving client diversity and network resilience.
Though slot times are now on their way down to 200 ms, full finality, or how long it takes the network to treat a block as irreversible, still takes much longer: Solana’s Alpenglow overhaul, still in development, aims to eventually cut finality to about 150 ms from roughly 12.8 seconds today.
The next planned mainnet target for slot times is 300 ms, though Solana developers have not yet set a target activation date for the change. The developers plan to monitor the network's performance with its current 350 ms slots before proceeding to cut the target time further.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
Bitwise Solana Staking ETF (BSOL) přilákal tento týden 20 milionů USD, což potvrzuje rostoucí institucionální zájem. Fond od spuštění nasbíral zhruba 730 milionů USD v čistých aktivech.
The Bitwise Solana Staking ETF (BSOL) hauled in $20 million in inflows this week, adding fuel to what’s been a quietly impressive run for the first US exchange-traded product offering direct spot exposure to SOL with built-in staking rewards.
For a product that only launched in late October 2025, BSOL has accumulated roughly $730 million in net assets by mid-August 2026.
A staking ETF that actually stakes BSOL’s differentiator isn’t just that it holds SOL. It’s that it aims to stake virtually 100% of its assets, passing staking rewards through to shareholders. The current gross staking yield sits around 6.20%, or about 5.83% after fees.
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The ETF charges a management fee of just 0.20%, and Bitwise has waived even that for the first $1 billion in assets during the launch period. At $730 million in net assets, that fee waiver runway is shrinking.
By mid-August, BSOL held approximately 8.36 million SOL tokens. The custody arrangement runs through Coinbase Custody, with Bank of New York Mellon serving as administrator and KPMG handling audit duties.
Weekly flows tell the bigger story This week’s $20 million haul builds on a pattern of strengthening demand. Data from SoSoValue pegged the weekly inflow for the period ending August 14, 2026 at roughly $10.26 million, the highest weekly total since May. Within that stretch, August 10 alone saw $8.8 million flow into BSOL, the ETF’s largest single-day intake on record at the time.
The first half of 2026 brought $267.1 million in total inflows.
What makes the recent surge notable is the context. SOL prices experienced a general decline earlier in 2026, meaning investors buying into BSOL during this period were making a deliberate bet on recovery rather than chasing momentum.
Why staking changes the ETF math A 5.83% net yield means that even in a flat market, BSOL shareholders are earning meaningful returns. In a rising market, they get appreciation plus yield. In a declining market, the staking rewards provide a cushion that pure spot exposure can’t match.
At 8.36 million SOL, the ETF already represents a meaningful chunk of staked supply, and every inflow week tightens that dynamic further.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Tři široce používané balíčky Rust byly krátce kompromitovány a mohly umožnit vzdálené spuštění kódu i krádež přihlašovacích údajů. Zasažen byl i ekosystém Solana, protože balíček arrayref je jeho klíčovou součástí.
Three widely used Rust packages were briefly hijacked on August 20, 2026, injecting malware into developer builds and putting critical blockchain infrastructure, including Solana’s, in the blast radius. The attack lasted less than two hours.
The compromised crates, [email protected], [email protected], and [email protected], were published to the crates.io registry in a tight 23-minute window between 07:15 and 07:38 UTC. Each contained a dependency on a poisoned version of proc-macro1, which quietly activated a build script during Cargo builds. That script downloaded and executed malware on the developer’s machine without touching the original crate source code.
What happened, and how fast it moved The Rust Security Response Team moved quickly once the threat was identified. The malicious version of arrayref was live for 86 minutes, internment for 90 minutes, and append-only-vec for 107 minutes before all three were yanked from the registry. The maintainer account believed to be compromised was locked.
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To put the exposure in context: the previous clean version of arrayref alone, version 0.3.9, had accumulated somewhere between 152 and 245 million lifetime downloads. That’s the kind of package that sits deep in dependency trees across thousands of projects, often pulled in transitively without developers ever consciously choosing it.
The risks from successful infection included remote code execution and credential theft, meaning any developer whose build process pulled the poisoned versions could have had their machine fully compromised.
Why Solana sits at the center of the concern The arrayref crate is a foundational component in Solana’s ecosystem, used in token interfaces and core blockchain infrastructure. The other affected crates similarly appear in dependency chains for projects building on Solana and, to a lesser extent, Ethereum tooling.
No widespread exploits or project-specific compromises have been publicly reported as a result of this incident.
North Korean fingerprints Researchers at Wiz, a cloud security firm, have linked the attack to North Korean cyber actors, specifically a group tracked as Sapphire Sleet. This attribution fits a well-documented pattern. North Korean state-sponsored groups have been systematically targeting cryptocurrency infrastructure for years, using supply chain compromises, social engineering of developers, and trojanized tools to steal funds and credentials.
Developers who built projects during the exposure window are being advised to inspect their Cargo registry cache for the specific malicious versions and to pin dependencies below the compromised releases.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
SOL Treasury Company (HSDT) podpořila Solana Constitution, ale zatím odmítla návrhy na změnu míry inflace i poplatků za transakce. On-chain hlasování začne 22. srpna.
SOL Treasury Company (HSDT) has announced its voting stances on the first three Solana Governance Proposals (SGPs): it supports SGP-0001, the "Solana Constitution"; opposes SGP-0002, which would double the inflation reduction rate; and rejects SGP-0003, which would shift transaction fees from fixed to variable. On-chain voting is scheduled to open on August 22. The firm stated its support for the Solana Constitution stems from the new governance framework, which allows every staker to vote directly, and holders can always override the votes of the operators they have delegated—this, it says, facilitates institutional participation in network decision-making. Regarding the other two proposals, the company emphasized it is not opposed to the policy directions themselves, but rather the timing. This is a critical phase for institutions considering entering Solana, where rule stability and predictability are top priorities for institutions. Altering core economic parameters like inflation rates and transaction fees at this juncture could further deter institutions that remain on the fence. The firm added that it will support revisiting inflation reduction once it sees sustained net capital inflows into SOL, and is open to reconsidering variable transaction fees after the ecosystem adapts.
The supply of tokenized equity on Solana has surged since early 2026, now approaching $470 million, according to recent data. This growth is largely driven by xStocks, a significant player in the tokenized U.S. stocks and ETFs market on Solana, which accounts for the majority of this supply. This increase suggests a rising interest in on-chain equity solutions within the Solana ecosystem, potentially indicating broader adoption and investment in its infrastructure.
The notable expansion in tokenized equity reflects a broader trend of increasing utilization of blockchain technology for traditional financial instruments. xStocks, offering tokenized versions of U.S. stocks and ETFs as SPL tokens, represents Solana’s significant role in this evolving market. The tokens are backed 1:1 by shares held with regulated custodians, providing a secure and transparent method for accessing equity markets on-chain.
Market data reveals that this rise in tokenized equity supply corresponds with positive sentiment in prediction markets regarding Solana’s price trajectory. Currently, there is a marked increase in confidence, as evidenced by the 8.7% YES pricing for Solana reaching $120 by September 1, a notable jump from previous figures. This development may indicate optimism among market participants regarding Solana’s continued growth and adoption.
Key Takeaways Solana’s tokenized equity supply appears to have significantly increased, reaching about $470 million. xStocks accounts for the vast majority of the tokenized equity on Solana, suggesting concentrated interest in this offering. Prediction markets suggest that this growth is consistent with supportive pricing for Solana’s potential price increases. What to Watch Watch for further developments in Solana’s tokenized equity market, particularly any additional increases in supply or new product offerings. The performance of xStocks and any regulatory changes affecting tokenized securities could further influence market perceptions. Additionally, any announcements related to Solana’s infrastructure or partnerships may impact the likelihood of Solana reaching key price targets in prediction markets.
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Term Structure
Contract Odds Δ since publish Volume 24h September 1 2026 0.6% — — View market → September 1 2026 1.5% — — View market → September 1 2026 2.7% — — View market → September 1 2026 9% — — View market → September 1 2026 60.3% — — View market → September 1 2026 4.8% — — View market → September 1 2026 1.1% — — View market → September 1 2026 0.4% — — View market → September 1 2026 0.1% — — View market → September 1 2026 1.8% — — View market →
Solana tento týden vzrostla o více než 19 % a testuje 200denní EMA na 89,28 USD. Spotové Solana ETF přilákaly ve čtvrtek čisté přílivy ve výši 14,60 milionu USD.
Solana extended its robust weekly rally this week, rising more than 19% as a combination of stronger liquidity expectations and heightened institutional demand continued to lift the broader cryptocurrency market.
Institutional inflows and Treasury buyback expansion support rallySOL reached an intraday high of $91.00 on Friday, trading near $90.90 and pushing toward a significant technical resistance zone that could shape the next direction of the rally.
The upward momentum in Solana’s price coincided with the US Treasury Department’s announcement to increase specific buyback operations. The department said it would boost the size of liquidity-support buybacks for longer-dated nominal coupon securities from $2 billion to at least $4 billion per operation, seeking to improve overall market liquidity.
This move appeared to ease liquidity concerns in traditional markets, encouraging investors to increase their risk exposure, including in major cryptocurrencies.
Solana gained over 10% on Wednesday, driven in part by a broader short squeeze across the crypto sector sparked by the Treasury decision.
The rally was sustained in subsequent sessions, with SOL briefly trading above $90 before confronting resistance at its 200-day exponential moving average (EMA).
Analysts note that institutional demand has continued to build during Solana’s recent advance. Data from CoinGlass showed that spot Solana ETFs attracted $14.60 million in net inflows on Thursday, the highest single-day total since late July. This marked the third consecutive day of positive flows into these products.
Sustained demand for Solana investment products may continue to underpin the token’s recovery, especially if institutional buyers expand their investments. Any slowdown in ETF inflows, however, could limit momentum.
Spot Solana ETFs saw $14.60 million in net inflows, their strongest daily performance since July, signaling steady institutional demand and contributing to the ongoing rally around $90.90.
While traditional markets often depend on multiple intermediaries, the trend toward tokenizing real-world assets is gathering pace. Investors are increasingly turning to platforms such as 1stepSwap, where they can hold shares of major US companies, gold, and silver directly within crypto wallets. By leveraging automated price discovery and removing middlemen, these solutions further impact market liquidity and access.
SOL tests major resistance, technical signals mixedOn Friday, Solana traded around $90.90, just above the 200-day EMA at $89.28, a level widely followed as a long-term trend indicator and now acting as crucial resistance.
A firm close above the 200-day EMA could encourage further upside momentum, bringing the next resistance area near $96.19 into focus. Achieving this target from $89.14 would represent an additional gain of roughly 7.9%.
SOL remains well above its shorter-term moving averages, with the 50-day EMA at $76.91 and the 100-day EMA at $78.63, emphasizing the current bullish setup. Nonetheless, traders remain cautious as buying interest must overcome resistance at the 200-day EMA to push the rally further.
Some technical indicators suggest the recent rally could be overextended. The relative strength index (RSI) was near 79, indicating overbought conditions and raising the risk of a short-term pullback or price consolidation.
At the same time, the moving average convergence divergence (MACD) remains firmly positive, suggesting that bullish momentum has not yet faded.
If SOL holds above $89.28, technical support lies at the 100-day EMA ($78.63), a horizontal support zone near $77.07, and the 50-day EMA ($76.91). A sharper decline might see prices test an older rising trendline close to $74.38.
For now, market participants are closely monitoring whether Solana can establish a lasting move above its 200-day EMA. Such a break could bring the $96.19 resistance into play and determine the next phase for SOL’s price trajectory.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Trumpova výzva ke schválení zákona o digitálních aktivech poslala jeho memecoiny na Solaně nahoru: Official Trump za dva dny +28 % a Official Melania +24 %.
President Donald Trump's push for new cryptocurrency legislation sent his family's Solana-based memecoins sharply higher this week, as broader crypto markets rallied on renewed optimism around U.S. digital asset regulation.
Memecoins Jump as Trump Calls for Clarity Act The Official Trump token (solana:6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN) jumped 28% over two days to reach a $441 million market cap, while the Official Melania token (solana:FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P) gained 24%, reaching an $86 million market cap. The moves followed remarks Trump made at a White House gathering of top crypto industry executives.
President Trump pressed Congress to pass digital asset market structure legislation, a top industry priority, as he hosted cryptocurrency executives at the White House. The president called for "a fair version" of the Digital Asset Market Clarity Act, a bill that has been stuck in the U.S. Senate.
Several top crypto executives, including Coinbase CEO Brian Armstrong, Robinhood CEO Vlad Tenev, and Kraken co-CEO Arjun Sethi, along with Intercontinental Exchange CEO Jeffrey Sprecher, spoke alongside Trump at the event.
The Clarity Act aims to define which tokens qualify as securities versus commodities, and which agencies have oversight of the sector. Investors had started to view the bill as effectively dead for 2026 after the Senate left for its August recess without a vote, with negotiations still hung up over an ethics provision and other differences between Republicans and Democrats.
Bitcoin and Broader Markets Rally Bitcoin led a rally in major cryptocurrencies, inching back above $71,000 late on Wednesday after Trump hosted top crypto industry executives and called on Congress to pass the stalled legislation. Bitcoin has since climbed further, crossing $76,000 according to the original report. The price of Ether, the second most valuable token, rose more than 18% compared to Tuesday.
The Trump family memecoins have a history of reacting sharply to political catalysts. Earlier in 2026, the Melania token surged 50%, driven by anticipation around a Melania Trump documentary, demonstrating that political event catalysts can still move the token even at depressed levels. Both tokens nonetheless remain a fraction of their peak values. The $TRUMP token was an instant success at launch, catapulting to a $15 billion market valuation, but has since lost around 97% of that value.
The legislative backdrop remains uncertain. Trump urged lawmakers to pass a "fair version of the Clarity Act," a bill that crypto companies say would put them on solid legal ground, but which has stalled in the Senate with little time left on the congressional calendar.
Sources:
Bloomberg: Trump Asks Congress to Pass Crypto Bill Alongside Executives
Forbes: Bitcoin Soars Above $70,000 After Trump Calls For Passage Of Crypto Bill
CoinDesk: Trump Pushes Congress to Move on Clarity Act During White House Crypto Event
Shinhan Asset Management spouští pilotní tokenizovaný fond denominovaný v korejských wonech (KRW) na blockchainu Solana a kopíruje strukturu BlackRockova BUIDL. Projekt je zaměřen na ultra-krátkodobé dluhopisy a je zatím v testu pro offshore institucionální investory.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
South Korean financial giant Shinhan Asset Management has announced the development of a pilot tokenized fund denominated in Korean won (KRW) on the Solana blockchain. The product, focused on ultra-short-term bonds for offshore institutional investors, fully replicates the structure of BlackRock's BUIDL fund — the largest player in the real-world asset (RWA) sector.
To launch the project, Shinhan signed a four-party agreement with the Solana Foundation, fintech platform Etherfuse and decentralized exchange Orca. As part of the proof of concept (PoC), the partners are testing the entire operational cycle, from customer verification (KYC) and anti-money laundering (AML) procedures to foreign exchange compliance.
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Orca's role in this chain will be to provide on-chain liquidity for asset conversions, fully replicating the institutional standards embedded in BlackRock's business model.
Solana was selected because of its current position in the tokenization market. The network ranks third globally by the value of distributed RWA assets, with $3.86 billion, and leads by the number of launched projects, with 2,678 compared with Ethereum's 2,268. Meanwhile, the market capitalization of stablecoins on the network exceeds $15.9 billion.
Top 10 blockchain networks ranked by Real World Asset distributed value, Source: RWA.xyzShinhan is deploying its product within an ecosystem where BlackRock's architecture has already proven effective in practice. The BlackRock USD Institutional Digital Liquidity Fund operates on Solana with $695 million in assets, making it the network's undisputed leader.
Other major players rely on the same proven blockchain infrastructure blueprint, including the Janus Henderson AAA CLO Fund with $201.7 million, Ondo U.S. Dollar Yield with $179.3 million and the State Street Galaxy OnChain Liquidity Sweep Fund with $161 million.
Why the Korean won is moving offshore on SolanaAccording to Shinhan CEO Lee Seok-won, the company aims to become a leading issuer of won-denominated digital products.
All fund operations are currently being conducted offshore and are limited to technical validation. This is due to the regulatory timeline: official rules for security token offerings (STOs) will not take effect in South Korea until February 2027.
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While the market awaits regulatory changes, Shinhan is building a fully operational infrastructure ahead of the opening of domestic trading.
Against the backdrop of BCG's forecast that the global RWA market will grow from its current $36 billion to $30 trillion by 2030, the adoption of successful Western models makes Solana a leading contender for integration with Korean capital.
JPMorgan zvýšil podíl v BlackRock iShares Bitcoin Trust na zhruba 355,7 milionu USD a nově přidal pozici v Bitwise Solana Staking ETF. Podíl v iShares Ethereum Trust vzrostl více než čtyřnásobně a banka se vrátila k XRP přes Bitwise XRP ETF, Grayscale XRP Trust ETF a podíl v Armada Acquisition Corp II.
JPMorgan Chase grew its position in BlackRock’s iShares Bitcoin Trust to roughly 10.4 million shares, worth about $355.7 million as of June 30, according to the bank’s second-quarter 13F filing with the SEC, filed Aug. 12. That is up from about 8.3 million shares, valued near $162 million, the prior quarter.
The crypto positions remain a small fraction of JPMorgan’s total reportable holdings, which the same filing pegs at $1.807 trillion across more than 34,000 positions, but the direction of travel points to deeper exposure to regulated crypto products.
Ether and altcoin exposure JPMorgan’s stake in BlackRock’s iShares Ethereum Trust rose more than fourfold to about 1.17 million shares, valued near $14.3 million, up 338% from the first quarter. The bank also established a new position in the Bitwise Solana Staking ETF of roughly 47,500 shares.
The filing showed a return to XRP after the bank had exited the asset entirely in Q1. The new exposure is small, spread across the Bitwise XRP ETF, the Grayscale XRP Trust ETF and a stake in Armada Acquisition Corp II, a blank-check company pursuing a deal tied to the Ripple ecosystem.
The bitcoin position still exceeds the ether stake by a wide margin, and the XRP holdings are nominal in dollar terms, but the return to the asset after a zero position is the more notable signal in the filing.
Context: institutions via ETFs 13F filings offer a quarterly snapshot of institutional holdings of U.S.-listed equities and ETFs, and banks’ crypto exposure through these vehicles reflects client-driven demand for regulated access rather than a direct endorsement of the underlying tokens. The holdings can shift between quarters as client flows and market conditions change.
What to watch next JPMorgan’s next 13F, due in mid-November, will show whether the bank continued adding to its bitcoin, ether, XRP and solana positions through the third quarter or pared back after Q2’s build-up. The filing arrives as spot bitcoin ETFs have seen volatile flows, making the bank’s positioning a useful signal of institutional sentiment. Morgan Stanley also increased its crypto ETF holdings in the same reporting period, underscoring a broader trend among large banks.
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Solana just posted $2.3 million in single-day revenue, marking its second-highest daily figure since September 2025. The milestone lands in mid-August 2026, a period where on-chain activity across the broader crypto market has been picking up steam.
What’s driving the revenue spike Daily chain-level fees for Solana have typically hovered in the $50K to $100K range. That means the bulk of any multi-million-dollar day comes from app revenue, which can peak near $6 million during periods of heavy usage.
For context, Solana’s ecosystem generated an estimated $2.85 billion in total revenue from October 2024 through September 2025. That works out to roughly $240 million per month on average, with the best months pushing close to $616 million. A $2.3 million day is strong but not wildly out of line with what the network has shown it can produce during peak activity windows.
The corporate Solana bet The Nasdaq-listed Solana Company, trading under the ticker HSDT, reported $2.526 million in Q2 2026 revenue, with $2.512 million of that coming directly from staking SOL holdings. The firm posted $6.1 million in total revenue for the first half of 2026, a significant jump from prior periods.
The Solana Company also completed its divestiture of legacy medical device operations during Q2, officially going all-in on blockchain infrastructure.
What to watch from here For SOL holders and Solana ecosystem participants, the revenue data provides a useful lens that cuts through price-chart noise. A chain generating nearly $3 billion annually in ecosystem revenue has fundamentally different prospects than one running on speculation alone.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Tokenizované akcie na Solaně překročily 465 milionů USD v oběhu, což je nové historické maximum. Na blockchain se nově dostaly i Moderna a Eli Lilly přes Backpack Securities.
Solana’s tokenized equity market just crossed $465 million in total supply, a new all-time high, as healthcare giants Moderna and Eli Lilly became the latest traditional stocks to trade onchain. The listings arrived through Backpack Securities via the Sunrise liquidity gateway, extending a market that has grown from a curiosity into one of the more consequential experiments in decentralized finance this year.
Solana now commands roughly 95% of all decentralized tokenized-equity spot volume, and cumulative transaction values across the ecosystem crossed multi-billion-dollar levels earlier in 2026.
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How Backpack became the unlikely volume king Backpack Securities launched in June 2026, entering the market with a genuinely memorable first move: tokenized SpaceX shares, listed on the same day SpaceX debuted on Nasdaq. Since then, Backpack has added names like Micron, and now Moderna and Eli Lilly, with the healthcare additions timed alongside rising investor interest in mRNA therapy developments.
Backpack-issued equities represent approximately 5% of total tokenized equity supply on Solana, yet they account for more than 50% of weekly trading volume.
What makes onchain equities different from just owning the stock Tokenized equities on Solana trade 24 hours a day, seven days a week, on decentralized venues including Jupiter and Raydium. The other structural advantage is composability: tokenized equities sitting in a Solana wallet can interact with the broader DeFi ecosystem—they can be used as collateral, swapped, or routed through liquidity protocols in ways that a position at a traditional broker cannot.
Backpack’s model also supports redemption back to traditional brokerage accounts, meaning users aren’t permanently locked into the onchain world. Moderna’s token, trading as $MRNA, and Eli Lilly’s $LLY give investors exposure to two of the highest-profile names in pharmaceutical markets through an interface that lets them trade alongside Treasury tokens and other real-world assets in a single onchain portfolio.
Solana’s broader RWA momentum Tokenized equities are one component of a larger real-world asset wave building on Solana. The $465 million supply figure for equities specifically reflects how quickly credibility transferred once the infrastructure was in place. Solana’s high throughput, low transaction costs, and fast finality make it a natural fit for markets where price sensitivity and speed matter, which partly explains why Solana absorbed 95% of decentralized tokenized-equity volume.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana has reportedly attracted $700 million in real-world asset inflows, making it the leading blockchain for tokenized equities, according to a social media post from Jupiter Exchange. This influx is part of a broader trend, as Solana’s RWA ecosystem was already estimated to be valued between $3.7 billion and $3.9 billion as of mid-August 2026. Jupiter’s involvement in routing tokenized-stock trades onchain highlights its role in Solana’s expanding onchain equities market. The platform has integrated various services to facilitate tokenized shares and ETFs on the Solana blockchain.
Key Takeaways Recent inflows suggest Solana is strengthening its competitive position as a leader in tokenized equities. The reported $700 million asset inflow could indicate growing market confidence in Solana’s RWA ecosystem. Market pricing appears consistent with participants viewing this development as supportive of future price increases for Solana. What to Watch Observers should monitor Solana’s ongoing network developments and any upcoming announcements from the Solana Foundation and related entities. Key indicators to note include potential upgrades or performance improvements on the network, which could further influence market sentiment. Additionally, any regulatory developments or institutional partnerships related to tokenized equities on Solana could impact market dynamics and future price expectations.
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Term Structure
Contract Odds Δ since publish Volume 24h September 1 2026 0.8% — — View market → September 1 2026 0.9% — — View market → September 1 2026 1.2% — — View market → September 1 2026 2.8% — — View market → September 1 2026 22.1% — — View market → September 1 2026 73.4% — — View market → September 1 2026 4.6% — — View market → September 1 2026 1.5% — — View market → September 1 2026 0.3% — — View market → September 1 2026 0.1% — — View market → September 1 2026 1.1% — — View market →
RedStone spustil cenový kanál pro SECZ na Solaně, takže tokenizovanou akcii Securitize lze v Loopscale použít jako zástavu pro půjčky v stablecoinech. Loopscale bude data validovat přes BEAM adapter a provádět jen částečné likvidace.
Securitize’s tokenized equity (SECZ) is coming to the Solana DeFi ecosystem, with RedStone as its official data layer.
TL;DR RedStone’s price feed for SECZ is now live on Solana, allowing it to be used as collateral in Loopscale The integration lets eligible holders borrow stablecoins against SECZ at a fixed rate, turning it from a hold-only asset into productive collateral on Solana. Loopscale reads the feed through its BEAM adapter, applying staleness limits and confidence thresholds before it moves any collateral value. Loopscale conducts partial liquidations that restore loan health without closing out the borrower’s full position. SECZ On Loopscale: Moving Beyond Issuance On July 2, 2026, Securitize went public on the NYSE under the ticker SECZ and became the first company ever to tokenize its shares immediately after listing. SECZ went live both on Solana and Avalanche.
It was an important milestone for the tokenization industry, which has grown by over 500% since January 2025, bringing more than $38 billion in real-world assets onchain. Yet only around $3 billion of that, roughly 10%, is actively used in DeFi.
For Securitize, issuance is only the start. DeFi utility is what comes after. But in order to be used as productive collateral in decentralized markets, SECZ needs to be priced onchain.
RedStone’s End-of-Day (EOD) price feed will be the data layer for Loopscale’s fixed-rate lending markets, allowing eligible holders to post SECZ as collateral and borrow stablecoins. The protocol runs on Solana, one of the largest networks for onchain finance, with roughly $5.2 billion in total value locked and nearly $2.1 billion in tokenized real-world assets.
The SECZ price feed runs on a push model, sourcing the stock’s end-of-day price from multiple independent data providers and delivering price updates onchain. The EOD model is the standard used by traditional finance to value equity positions, from NAV calculations to margin desk marks.
Loopscale’s Validation Layer Loopscale is a modular, order-book credit protocol on Solana, matching lenders and borrowers directly. It provides fixed-rate and fixed-term markets where users set their own collateral, interest rate, loan-to-value ratio and loan duration. Since launching in April 2025, Loopscale has grown to roughly $92.5 million in total value locked, with more than $53.6 million out in active loans at the time of writing.
Loopscale will screen the SECZ price data provided by RedStone through its BEAM adapter. It’s a validation layer that sits between the price feed and the protocol’s collateral accounting. When a price update changes a collateral value, the adapter checks it against staleness limits and confidence thresholds.
It’s important to know if a price has been updated within the expected time window and if it falls within the expected range. If a price arrives late or looks off, the adapter doesn’t act on it immediately, ensuring that a bad or delayed update does not cascade into wrongful liquidations.
Once a price update clears Loopscale’s checks, the data is used to value each SECZ-backed position against its liquidation threshold and to close positions if necessary. Loopscale runs partial liquidations, selling only enough to bring the loan back to health and leaving the rest of the borrower’s position intact.
RedStone’s Role In The Securitize Ecosystem RedStone has been Securitize’s primary oracle partner since March 2025, co-developing the TSSO standard and pricing feeds for tokenized funds and credit, including BUIDL from BlackRock, ACRED from Apollo, HLSCOPE from Hamilton Lane, VBILL from VanEck, and STAC. The SECZ price feed is available both on Solana and on Avalanche.
Tokenized equity is one of the fastest-growing segments in onchain finance, having nearly tripled in 2026 and reaching $2.36 billion in market cap. As the asset class continues to scale, the data layer underneath it has to grow and adapt alongside it.
About RedStone RedStone is the data layer for institutional DeFi, delivering secure, low-latency price feeds for digital assets, RWAs, stablecoins, LSTs, LRTs, and Bitcoin LSTs across 110+ chains. Trusted by 200+ clients, including Securitize, Morpho, Pendle, Spark, Ether.fi, Ethena, Lombard, Venus, and Compound, RedStone powers lending, stablecoins, perpetuals, and tokenized asset markets with custom pricing infrastructure built for complex onchain systems. RedStone provides data for tokenized products including BlackRock’s BUIDL, Apollo ACRED, and Hamilton Lane SCOPE. Zero mispricing events. 100% uptime. Learn more at redstone.finance.
Solana za sedm dní zvýšila tržní kapitalizaci tokenizovaných fondů o 12,5 milionu USD a za posledních 30 dní vedla všechny sledované chainy s růstem o 201,2 milionu USD. Síť nyní drží odhadovaných 1,9 miliardy USD v tokenizovaných fondech.
Solana’s tokenized fund market cap grew by $12.5 million over just seven days, underscoring the blockchain’s rapidly expanding role as a hub for real-world assets moving on-chain. That weekly figure is a slice of a much larger story: over the past 30 days, Solana led all tracked chains with a $201.2 million increase in tokenized fund market capitalization.
In a total addressable market of roughly $34.7 billion across multiple chains, Solana now holds an estimated $1.9 billion in tokenized fund market cap. That’s still a fraction of Ethereum’s dominance, but the growth rate tells a different story entirely.
From niche to institutional playground Solana’s non-stablecoin real-world asset ecosystem value has surged to historic levels, reaching between $3.4 billion and $3.9 billion during mid-2026 according to Token Terminal data. The drivers behind that number read like a traditional finance product catalog: tokenized credit funds, equities, ETFs, and money market instruments.
BlackRock and Securitize are among the notable names actively launching products on Solana’s network.
The tokenized credit fund sector alone tells a compelling story. Solana achieved the most substantial year-to-date growth among tracked chains in that category, contributing to a cumulative market cap of $664.3 million within tokenized credit funds.
Tokenized equities have become another pillar of Solana’s RWA strategy. Recent data shows that 97% of on-chain tokenized equities spot volume settled on Solana, with daily trading volumes exceeding $680 million.
Why Solana keeps winning institutional mandates The technical case for Solana in the tokenized fund space comes down to speed and cost. Sub-second settlement finality means that when an institution tokenizes a Treasury bill or equity product, the transaction clears faster than it takes to refresh a Bloomberg terminal.
Compare that to traditional settlement cycles. Even after the SEC’s push to T+1 settlement in US equity markets, the process still involves intermediaries, reconciliation, and overnight batch processing. Solana’s architecture collapses that entire pipeline into something approaching real-time.
Low transaction costs matter equally. Tokenizing a money market fund on a chain where gas fees routinely spike into double digits per transaction creates friction that defeats the purpose. Solana’s fee structure, typically measured in fractions of a cent, makes micro-transactions and frequent rebalancing economically viable for fund managers.
The competitive landscape and what to watch Several dynamics are worth monitoring. First, the concentration of tokenized equity volume on Solana at 97% creates both opportunity and risk.
Second, the institutional players entering Solana’s ecosystem bring credibility but also expectations. BlackRock and Securitize don’t build on experimental infrastructure. Their presence signals confidence in Solana’s reliability, but it also raises the stakes for network uptime and security. Solana’s historical struggles with outages remain a concern for institutions accustomed to five-nines availability.
Third, the regulatory environment for tokenized securities remains fluid. How the SEC and global regulators ultimately classify and oversee tokenized funds will shape which blockchains capture the most institutional capital.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ramp, finanční platforma využívaná více než 70 000 firmami, integroval x402 platby na Solaně pro AI agenty. Firma tím rozšiřuje využití Solany pro on-chain vypořádání a správu plateb.
Ramp, a finance platform utilized by over 70,000 businesses, has announced the integration of x402 payments on Solana for AI agents. This enhancement allows customers to fund agent wallets, establish spending controls, and monitor payments with detailed attribution and audit trails. The x402 protocol, which builds on the HTTP 402 Payment Required standard, facilitates on-chain settlements for agent and API transactions. This development highlights Solana’s role as a settlement layer for agent-native payments, reflecting ongoing ecosystem integrations and activity.
Market participants appear to interpret this integration as a significant step for Solana, potentially increasing its utility and demand. As a result, market pricing suggests that the Solana price predictions for reaching $160 in August have seen notable activity, with a recent increase in some sub-market odds. The move is perceived as a positive indicator for Solana’s broader adoption, given its integration into practical business applications.
Key Takeaways Ramp’s integration of x402 payments on Solana appears to enhance the platform’s utility for businesses, suggesting increased Solana demand. Market activity reflects a potential positive sentiment towards Solana, with some sub-markets experiencing increased YES pricing for August price targets. The development supports Solana’s role in agent-native payments, suggesting its continued relevance in innovative financial applications. What to Watch Watch for Solana’s price movements and any further announcements from Ramp or similar platforms regarding Solana integrations. Additional developments in the x402 protocol’s adoption and its impact on Solana’s use cases could influence market sentiment. Any regulatory updates or shifts in broader market conditions affecting cryptocurrencies may further impact Solana’s price trajectories and market dynamics.
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Term Structure
Contract Odds Δ since publish Volume 24h September 1 2026 0.5% — — View market → September 1 2026 1% — — View market → September 1 2026 2.1% — — View market → September 1 2026 3.6% — — View market → September 1 2026 27% — — View market → September 1 2026 79.5% — — View market → September 1 2026 6.5% — — View market → September 1 2026 2.4% — — View market → September 1 2026 0.5% — — View market → September 1 2026 0.1% — — View market → September 1 2026 0.9% — — View market →
The holders of JitoSOL have achieved the necessary governance quorum, enabling the Jito Stake Pool to cast a decisive YES vote on three active Solana governance proposals. This development involves approximately 10 million SOL being used to influence protocol governance, marking a significant step for JitoSOL holders in participating in Solana’s decision-making processes. The quorum was reached under the JIP-30 trigger mechanism, which allows the stake pool to reflect the collective vote of JitoSOL holders once the threshold is met, thereby integrating liquid staking token holders into Solana’s governance framework.
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The move appears to reflect a growing trend of liquid staking tokens playing a crucial role in blockchain governance. By involving JitoSOL holders in decision-making, the initiative could enhance engagement and confidence in the Solana ecosystem. The market response to this development suggests a positive outlook, potentially impacting Solana’s market dynamics and price trajectory.
Key Takeaways The move appears to integrate JitoSOL holders into Solana’s governance, suggesting increased community involvement. JitoSOL’s governance mechanism indicates strong support for the current Solana proposals, potentially impacting market sentiment. The development could indicate a shift in the governance role of liquid staking tokens within the Solana ecosystem. What to Watch The effects of this governance decision on Solana’s market dynamics will be crucial in the coming days. Observers should monitor Solana’s price movements and any subsequent governance outcomes. Additionally, further integration of liquid staking tokens into other blockchain governance frameworks could indicate a broader trend, potentially influencing market confidence and participation.
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Term Structure
Contract Odds Δ since publish Volume 24h September 1 2026 0.2% — — View market → September 1 2026 0.9% — — View market → September 1 2026 1% — — View market → September 1 2026 1.8% — — View market → September 1 2026 16.1% — — View market → September 1 2026 60.9% — — View market → September 1 2026 7% — — View market → September 1 2026 1.7% — — View market → September 1 2026 0.3% — — View market → September 1 2026 0.1% — — View market → September 1 2026 0.7% — — View market →
Solana na mainnetu snížila slot times z 400 ms na 350 ms; změna začne platit v epochě 1020. Cílem je postupně dojít na 200 ms a zdvojnásobit propustnost sítě.
Solana has taken its first step on the path to 200ms slot times, pushing the first reduction from 400ms to 350ms on mainnet. When complete, Solana will theoretically be capable of processing twice as many blocks as previously, doubling network scalability.
The reduction is set to take effect from epoch 1020, scheduled for August 21, 2026. Meanwhile, Anza CEO Brennan Watt claims the Solana testnet has already succeeded in reaching 200ms slots.
Combined with Solana’s recent block limit increase, experts like Helius CEO Mert Mumtaz argue these developments facilitate a 4x performance increase for the network, with critical improvements like Alpenglow still expected later this year.
350ms Slot Times Pushed to Mainnet Anza, the Research and Development firm spearheading Solana’s development, has activated the first of four incremental improvements to network scalability, dropping slot times from 400ms to 350ms.
While the feature has been activated onchain, the drop will not become effective until Epoch 1020, currently expected on August 21.
As part of an extended rollout to Agave v4.2, Anza’s validator client software, slot times on the network will drop to 200ms, effectively doubling the speed at which Solana produces blocks.
Beyond improving Solana’s performance, the reduction also functions as a censorship resistance measure by shortening the time in which leaders hold a monopoly over block production.
Solana Testnet Hits 182ms Slot Time Fortunately for the Solana mainnet, testnet implementation of slot time reductions have progressed smoothly. Anza CEO Brennan Watt asserts that testnet slot times have been pushed as low as 182ms.
Testnet block explorer data confirms that the average slot time over the past hour is 193ms, suggesting that all staggered reductions have been successful. Based on testnet data, consequent reductions have been activated every 2 epochs.
While it is unconfirmed that mainnet rollout will follow the same cadence, the same implementation schedule would see 200ms slot times operational on mainnet by epoch 1026, or roughly the 1st of September.
However, mainnet rollout may be slightly slower. Solana’s validators have collectively agreed not to progress to the next reduction if the network’s skip rate is too high.
Slot Time Reduction + Block Limit Increase = 4x Performance Improvement? While making a significant impact on network scalability, Solana’s slot time improvements are only one piece of a much larger plan to increase bandwidth and reduce latency across crypto’s most performant chain.
In a recent podcast appearance, Helius CEO Mert Mumtaz claimed that Solana’s upcoming slot time reduction, when combined with block limit increases, will make four times more performant in the immediate term.
Beyond faster slots and higher block capacity, Solana is also set to embrace further performance enhancements in its next major network upgrade, Alpenglow. Designed by Anza, Alpenglow promises to reimagine Solana’s consensus mechanism, bringing transaction finality down to 150ms and reducing validator voting costs to ~1.6 $SOL per epoch, down from around 2.4 $SOL per epoch.
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MoneyGram propojí Solanu s 500 000 maloobchodními místy, kde mohou vývojáři a uživatelé směňovat stablecoiny za hotovost. CEO Anthony Soohoo říká, že cílem je propojit reálný a digitální svět.
MoneyGram, a legacy leader in the global remittance industry, is bridging the gap between traditional finance and decentralized finance (DeFi).
In a recent interview on Bloomberg Crypto, MoneyGram CEO Anthony Soohoo said that the goal is to connect the real world with the digital one. "Anyone building on Solana can use our off-ramp, the ability to put cash in or cash out, at any of our 500,000 retail locations. We're trying to connect the real world with the digital world," he said.
Stablecoins were once viewed as an existential threat to traditional remittance companies. However, MoneyGram's massive merchant network is fully embracing the budding crypto era.
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The new Solana integration makes it possible for users to convert their stablecoins into physical cash at hundreds of thousands of locations.
"I would say the biggest announcement we make with Solana is about access," Soohoo stated.
The integration connects digital wallets to real-world cash registers. "We see a future for payments where it is going to be open, and we would provide access to where the customers [are]," Soohoo said.
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The ultimate goal, according to Soohoo, is "to provide other developers to be able to build on our MoneyGram network."
The full scope of the developer tools is still rolling out. The MoneyGram boss has noted that the framework is meant for broad participation, adding, Anyone who wants to innovate in the payments space will now have the physical infrastructure to back up their digital applications.
MoneyGram's blockchain pivot After its failed Ripple deal, MoneyGram's blockchain push began with Stellar.
In 2021, MoneyGram partnered with the Stellar Development Foundation to connect Stellar's blockchain
In June, the company launched MGUSD, its own dollar-denominated stablecoin, with infrastructure partners including Bridge, Crossmint, Fireblocks, M0 and Stellar.
As reported by U.Today, MoneyGram Ramps went live on Solana earlier this month. Rift became the first Solana wallet to integrate the service.
Jupiter’s dominance of Solana’s DEX aggregator market has reached a new low. According to Blockworks data, Jupiter accounted for 48% of Solana DEX aggregator volume on August 18, marking the first time its daily share has fallen below 50% since launch. OKX captured 37%, while DFlow and Titan accounted for 13% and 2%, respectively.
The latest figures extend a decline that has accelerated over the past several months. In early April, Jupiter controlled about 90% of weekly aggregator volume. By Aug. 1, that figure had fallen to 71%, representing a roughly 20% decline in 4 months.
OKX and DFlow have captured much of the share Jupiter has lost. OKX held 13% of daily volume on Aug. 1, while DFlow accounted for 11%.
Jupiter Continues Expanding As Revenue Declines Jupiter’s declining aggregator share comes as the company continues to expand its broader DeFi ecosystem.
Jupiter Lend has steadily gained ground against competitors such as Kamino in recent weeks. Its Gacha product also attracted more than $27 million in user spending within 3 weeks of its launch.
On Aug. 10, Jupiter launched Lend v2, which introduced Smart Collateral and Smart Debt. The optional features allow deposited and borrowed assets to also provide DEX liquidity, giving users the potential to earn lending yield alongside trading fees and, where applicable, staking rewards.
The additional yield depends on actual trading activity through the associated liquidity pools, linking Lend v2's performance partly to Jupiter’s routing activity.
Jupiter’s falling market share also comes against a backdrop of declining revenue. DefiLlama data indicates that Jupiter generated about $2.24 million in revenue so far in August. That figure puts the platform on pace for another relatively weak month if the current trend continues.
The decline looks more significant when compared with Jupiter’s 2024 and 2025 performance.
Monthly revenue surged throughout 2024 and peaked at over $28 million in late 2024. Several months in 2025 also generated more than $10 million, with some approaching or exceeding $20 million.
Revenue has since fallen considerably. Recent monthly figures have fallen to their lowest levels in roughly two years, highlighting the pressure facing its core business as trading activity and aggregator share change.
OKX Gains While Titan Fades OKX has emerged as Jupiter’s most significant challenger in the aggregator market. Incentivized trading campaigns may have contributed to its rising share.
Titan, meanwhile, has fallen from being Solana’s second-largest aggregator to just 2% of daily volume according to Blockworks data. Titan operates as a meta-aggregator, meaning its quotes can include routing through other aggregators. That structure can cause some of its flow to appear in competing venues.
Despite weaker overall onchain activity during the crypto bear market, DEX aggregators remain important to Solana traders even as DEX aggregator share of spot volume has dropped to its lowest level in months.
Jupiter’s fall below 50% therefore marks more than a change in one platform’s market share. It signals a more competitive Solana trading market, with OKX and DFlow increasingly challenging the dominance Jupiter held for years.
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Solana Mobile spustila v Seed Vault Wallet USDC Earn Vault s integrací Kamino, který umožní uživatelům Seeker získávat variabilní výnos z USDC bez lockupu.
Solana Mobile has announced the launch of a USDC Earn Vault within its Seed Vault Wallet, using the DeFi protocol Kamino. This initiative allows Seeker users to earn variable yield on USDC deposits with automatic compounding and no lockup period. The move integrates more closely Solana’s consumer wallet offerings with on-chain yield products, potentially enhancing user engagement with the Solana ecosystem. Kamino’s role as a DeFi protocol offering lending and liquidity products further supports this integration, showcasing Solana’s commitment to expanding its mobile wallet capabilities.
The market reaction to this development suggests potential increased interest in Solana-related products. Although the source is classified as Tier 3, indicating limited immediate impact, markets may still view this as a positive indicator for Solana’s network growth. Current predictions for Solana’s price reaching certain targets in August show mixed expectations, with some significant movements in probabilities observed in recent activity.
Key Takeaways Solana Mobile’s launch appears to integrate its consumer wallets more deeply with on-chain services, suggesting enhanced ecosystem utility. Market behavior indicates potential user growth in Solana’s ecosystem due to this added functionality with USDC Earn Vault. Despite the Tier 3 source, the development is seen as consistent with potential for increased demand for Solana. What to Watch Watch for subsequent Solana announcements or partnerships that could further influence its ecosystem development. Any changes in Solana’s network performance or additional product integrations may support scenarios where Solana gains increased utility. Additionally, attention should be given to broader market movements and regulatory developments that could affect the overall sentiment towards Solana and its offerings in the DeFi space.
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Term Structure
Contract Odds Δ since publish Volume 24h September 1 2026 0.1% — — View market → September 1 2026 0.9% — — View market → September 1 2026 0.9% — — View market → September 1 2026 1.2% — — View market → September 1 2026 16.2% — — View market → September 1 2026 66.1% — — View market → September 1 2026 7% — — View market → September 1 2026 1.2% — — View market → September 1 2026 0.4% — — View market → September 1 2026 0.1% — — View market → September 1 2026 0.7% — — View market →
Morgan Stanley vybral Galaxy jako schváleného validátora pro nové Ethereum a Solana ETP, které mají část držby stakovat. Produkty MSSE a MSOL mají investorům vyplácet stakingové odměny.
Morgan Stanley Investment Management is adding network participation to its crypto investment products rather than limiting them to passive token exposure. The asset manager has selected Galaxy as an approved validator for new Ethereum and Solana exchange-traded products that intend to stake part of their holdings.
According to Galaxy’s August 18 announcement, the Morgan Stanley Ethereum Trust trades on NYSE Arca under MSSE, while the Morgan Stanley Solana Trust uses MSOL. Galaxy is one of three firms selected to support staking across the two products.
MSSE and MSOL seek to track ETH and SOL performance, respectively. Each product intends to delegate a portion of its assets to institutional validators and pass resulting staking rewards to shareholders through regular distributions.
The structure introduces operational questions that do not arise in a product that only holds tokens. Ethereum and Solana use different validator systems, client software, performance measures, and risk controls. A validator can also face downtime, operational errors, or protocol penalties, making infrastructure selection part of the product’s risk profile.
Galaxy said Morgan Stanley evaluated its capabilities on the two networks separately. The release does not specify how much of each trust’s holdings will be staked, the expected reward rate, or the allocation among the three selected providers.
Galaxy Extends Its Institutional Validator Business Galaxy reported $2.8 billion in staked assets at the end of the second quarter of 2026 across Ethereum, Solana, and other proof-of-stake networks. The company presents the mandate as an extension of its infrastructure work for asset managers rather than a new consumer staking product.
That role differs from corporate treasury staking, such as the activity behind BitMine’s expanding Ethereum validator operation. In an exchange-traded product, the infrastructure provider operates within a structure that must account for fund custody, liquidity, disclosures, and shareholder distributions.
Crypto Products Move Beyond Price Exposure The launch illustrates how institutional crypto products are becoming more operationally complex. Staking can add yield, but it also ties product performance to validator uptime, withdrawal mechanics, network rules, and the treatment of rewards.
Traditional spot funds have already made Bitcoin and Ether easier to access, with flows tracked through products covered in recent institutional ETF demand. Morgan Stanley’s new trusts go a step further by seeking to include a native network function in the investor return profile.
The products’ intended staking arrangements remain subject to their governing documents and operational execution. Galaxy’s announcement confirms its selection, but it should not be read as a guarantee of future reward levels or uninterrupted validator performance.
AUTHOR
Tokoni Uti is a Lagos-based writer with several years of experience. Her work has appeared in the Huffington Post, the Los Angeles Free Press and the San Diego Free press among others. She is a graduate of Bowen University.
Cash App Pay nově umožňuje zákazníkům v USA platit u MoonPay zůstatkem z Cash App a nakupovat ether, solanu, XRP i další tokeny mimo Cash App. Nákupy lze poslat do peněženek jako Ledger, BitPay, Trust Wallet, MetaMask a Uniswap.
Block is letting a third party sell the tokens it has never listed, and Cash App balances can now fund outside wallets including MetaMask and Ledger.
Original Image Credits: Tada Images / Shutterstock.com
Posted August 18, 2026 at 3:56 pm EST.
MoonPay turned on Cash App Pay as a payment method on Tuesday, letting eligible U.S. customers spend their Cash App balance at MoonPay checkout.
The effect is that Cash App money can now buy tokens Block has never listed. MoonPay’s onramp reaches ether, solana, XRP and more, and purchases can be pushed into third-party and self-custody wallets including Ledger, BitPay, Trust Wallet, MetaMask and Uniswap.
Block Rents What It Will Not List Cash App sold bitcoin and nothing else for years, then began a phased USDC rollout in late May. The partnership with MoonPay allows users to use their Cash App balances to access other cryptocurrencies without holding it on Cash App.
“While bitcoin remains at the core of our digital asset strategy, we want to give customers choice and flexibility wherever and however they choose to pay,” Morgan Kuntze, Block’s global partnerships lead, said in MoonPay’s announcement.
MoonPay has spent the year widening its U.S. payment options, adding the Discover network as its third major card network and launching an enterprise stablecoin platform aimed at banks and merchants. Cash App Pay is the consumer version of the same push, and it hands MoonPay a funded wallet with tens of millions of U.S. users attached.
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AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
Interstice Digital spustila s FalconX cross-chain swapovací engine propojující Canton Network s Ethereum, Solana a Robinhood Chain. Nástroj je bezúschovný a umožňuje směnu aktiv napříč čtyřmi sítěmi bez převzetí úschovy.
Interstice Digital has launched a cross-chain swap engine with FalconX connecting the Canton Network with Ethereum, Solana and Robinhood Chain.
According to Tuesday’s announcement, the non-custodial engine allows assets to be swapped across the four networks without Interstice taking custody or executing transactions on users’ behalf.
FalconX, a digital asset prime brokerage serving institutional investors, provides liquidity for the engine, which is designed to connect Canton’s institutional markets with assets and trading activity on public blockchains, giving users a route between tokenized assets on Canton and liquidity on networks such as Ethereum and Solana.
Canton is a public blockchain built for institutional finance, with privacy and permissioning controls designed for regulated transactions and tokenized assets. Its ecosystem includes major financial institutions such as JPMorgan, Goldman Sachs and BNP Paribas.
Interstice is a wholly owned subsidiary of Everyrealm and is backed by investors including a16z Crypto, Coinbase Ventures, Galaxy and Brevan Howard. The company did not disclose which assets are initially supported or provide transaction volume figures for the swap engine.
Canton expands institutional tokenization activityThe integration comes as more traditional financial institutions use Canton for tokenized assets and blockchain-based settlement.
In July, electronic trading platform Tradeweb executed an onchain US Treasury trade in which Franklin Templeton transferred a tokenized Treasury security to Virtu Financial in exchange for tokenized cash.
Tradeweb provided execution and price discovery, while Canton synchronized settlement between the two assets in real time. Tradeweb said it was the first real-time purchase and sale of a tokenized US Treasury settled against USDCx, a USDC-backed stablecoin issued on Canton, with other participants including Societe Generale, Digital Asset and Blockdaemon.
Societe Generale has also deployed its euro- and dollar-denominated stablecoins on Canton for tokenized collateral, repo financing and institutional settlement, while Visa has tested private stablecoin settlement on the network.
Other initiatives include a Japanese government bond collateral pilot involving Mizuho and Nomura and S&P Dow Jones Indices placing its iBoxx US Treasuries Index on Canton.
PoC trial for digital collateral management using Japanese government bonds. Source: JPX
Magazine: Solana’s fee overhaul increases burn and makes resource hogs pay
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Neuberger spustil první tokenizovaný fond s pevným výnosem přes Securitize na Ethereum, Solana, Avalanche a Sui. Fond HINC cílí hlavně na high-yield dluhopisy.
Neuberger teams with Securitize on multi-chain tokenized fixed-income fund launch Latest NewsPublishedAug 18, 2026
The $613 billion asset manager will subadvise a high-yield fund tokenized across Ethereum, Solana, Avalanche and Sui.
Asset manager Neuberger has launched its first tokenized fixed-income fund through Securitize, offering an actively managed high-yield strategy across four blockchains, Ethereum (ETH), Solana (SOL), Avalanche (AVAX) and Sui (SUI).
The Neuberger Securitize High Income Tokenized Fund (HINC) will invest primarily in high-yield bonds, with additional exposure to collateralized loan obligations and leveraged loans, according to an announcement Tuesday.
The launch comes as investors are demanding higher yields amid heated competition for corporate and government funding.
“The previous market regime rewarded investors for assuming that capital would remain cheap and plentiful,” Saxo chief investment strategist Charu Chanana said in a Tuesday client note. “The emerging regime may reward investors for recognising that capital has a price again.”
The new fund is available to qualified investors, with Securitize providing the infrastructure to issue and manage tokenized shares across the four blockchain networks.
Neuberger will serve as subadvisor to a tokenized fund for the first time. Its fixed-income platform manages more than $230 billion in assets, while the firm manages about $613 billion overall.
Securitize has about $4.96 billion in distributed asset value across 26 tokenized real-world assets, according to RWA.xyz data. Its products include BlackRock’s $2.7 billion BUIDL fund, a $355 million tokenized AAA CLO fund and a $95 million Apollo diversified credit fund.
The company’s shares rose around 5% in Tuesday morning trading, giving the company a market capitalization of about $838 million. Despite the gain, the stock remains down more than 50% from levels reached shortly after its public debut in July.
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Solana za sedm dní do 10. srpna 2026 zpracovala rekordních 1,2 miliardy non-vote transakcí, poprvé za týden nad miliardou. Denní maximum stouplo na 171,9 milionu.
Solana just posted its busiest week on record. The network processed 1.2 billion non-vote transactions in the seven days ending August 10, 2026, the first time it has ever crossed the one-billion mark in a single week.
That number matters because of what it excludes. Non-vote transactions strip out the routine consensus messages that validators exchange to agree on the state of the chain. What’s left is actual user activity: token swaps, DeFi protocol interactions, NFT trades, and every other thing a real person or application asks the network to do.
A week of back-to-back records The weekly total was itself a product of two daily records set within six days of each other. On August 4, Solana processed 169.9 million non-vote transactions, which stood as the all-time daily high for about a week. Then August 10 arrived and pushed that to 171.9 million, a rate of roughly 1,990 transactions per second sustained across the entire day.
The engine behind the jump is a technical upgrade that increased the maximum compute limit per block by 66%. Compute units on Solana are roughly analogous to gas on Ethereum: they measure how much computational work a block can contain. Raising that ceiling by two-thirds means more instructions can be packed into each block without stretching out block times, which allows transaction throughput to climb without degrading the user experience on the other end.
Institutional money is paying attention too The same day Solana set its daily transaction record, US spot Solana ETFs pulled in $8.8 million in net inflows. Every dollar of that went to the Bitwise BSOL fund, according to data from August 10.
For developers building on Solana, the compute limit increase has a direct practical consequence: applications that previously had to split complex operations across multiple transactions may now be able to consolidate them into fewer steps. That matters for user experience in DeFi protocols, where multi-step interactions are a persistent friction point.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana (SOL) is up by 0.98% today, August 18, to trade at $76 at the time of writing, while trading volumes have also surged by 25% to $$1.38 billion. The rising price and volumes come as Cathie Wood’s ARK Invest increases exposure to the 3iQ Solana staking ETF despite fizzling demand for spot Solana ETFs.
Cathie Wood Scoops 3iQ SOL Staking ETF Shares
Data from the ARK Invest tracker shows that Cathie Wood purchased 7,115 shares of the 3iQ Solana staking ETF on August 17.
The fund manager purchased 3,830 SOL ETF shares through the ARK Next Generation Internet ETF (ARKW) and then purchased an additional 3,285 shares through the ARK Blockchain & Fintech Innovation ETF (ARKF).
The purchases come amid weakening demand for Solana ETFs. Data from SoSoValue shows that SOL ETFs have not recorded any inflows since August 12, mirroring the trend across the broader crypto ETF market.
Solana ETF Flows
However, Solana ETFs had the highest weekly inflows of $10.26 million in the week between August 10 and August 14, as earlier reported by CoinGape.
Solana Price Prediction as Cup and Handle Pattern Appears
The price of Solana is trading within a cup and handle pattern on the one-day chart. This pattern usually suggests that the long-term Solana outlook is bullish as long as the price can move above the resistance at $76.
If Solana closes above the resistance at $76, the price could gain by 8.9% and reach $83. The RSI reading of 53 suggests that the momentum is still leaning bullish, and this could support the upward move.
However, Solana has not closed above this obstacle at $76 since July 20. This suggests that sellers are likely dumping tokens when the price nears this resistance at $76.
Solana DeFi Activity
If the breakout above $76 fails again, Solana price could drop to the lower Bollinger band of $72 to find support before attempting another upward move.
Solana Network Activity Falls
Data from DeFiLlama shows that the Total Value Locked (TVL) on the Solana blockchain has dropped from $8.19 billion to $4.85 billion at the time of writing.
The TVL in terms of SOL value has also declined from 75 million SOL on June 7 to 63.84 million SOL at the time of writing, suggesting that network users have withdrawn 12 million SOL from various DeFi protocols that are available on Solana.
Solana DeFi Activity
The total market cap of stablecoins on Solana has also dropped from $16.4 billion on July 25 to $15.3 billion, which also suggests that network usage is falling.
However, this drop mirrors the trend across the broader DeFi space, where the TVL across all blockchains has dropped from $114 billion to $75 billion at the time of writing.
In brief Solana's PUMP is today's the top performer in the top 100 coins by market cap, up 8.26% The technical signals on the charts are starting to paint a more optimistic picture for PUMP holders. Protocol revenue on the Pump.fun app hit a new weekly high of $10.03 million on August 11. The crypto market is up 1.1% on a Monday that opened with Fear & Greed Index score at 39, meaning markets may still be fearful, but they're not in panic mode anymore. Meanwhile, the Altcoin Season Index is at 44 out of 100, which typically means traders go to Bitcoin as a hedge against volatility and overly bearish movements. Bitcoin dominance remains high enough that most altcoins are treading water.
The native token of the Solana meme coin factory, Pump.fun, is not treading water. Pump’s token, which trades as PUMP, is the best-performing coin in the top 100 on the day, posting almost 9% of gains in today’s trading session. And the technical signals are finally backing up what the revenue numbers suggested weeks ago.
PUMP bottomed at $0.001491 in July and has since nearly doubled, touching $0.003000 intraday today before settling at $0.002933. The monthly gain sits at roughly 90%, per CoinMarketCap
The 50-day Exponential Moving Average, or EMA—which tracks short-term price momentum by weighting recent closes more heavily, is crossing above the slower and longer-term 200-day EMA, which represents the long-term trend baseline. That crossover, called a golden cross, signals a structural shift from a bearish trend to a bullish one.
It's not a guarantee of continuation, but it is the first time since PUMP launched in mid-2025 that short-term momentum has overtaken the long-term average from below. After months in which the 200-day served as a ceiling, it's now beginning to act as a floor.
The Average Directional Index, or ADX, measures trend strength independent of direction on a scale from 0 to 100. Anything above 25 is considered a trending market; anything above 40 is a strong one. PUMP's ADX reads 45.3, with the positive directional indicator above the negative—meaning bulls are in control of a strengthening move. The Relative Strength Index, or RSI, sits at 51.4, above the 50 midline that separates bullish from bearish momentum territory, but far enough from 70 to leave room for continuation without an overbought red flag.
What's driving the moveThe chart isn't operating in a vacuum. The protocol generated $11.52 million in seven-day revenue, per DefiLlama, of which $5.37 million flowed directly to PUMP token holders through the buyback-and-burn program—the mechanism that converts fee income into direct buy pressure on the token.
This means the float has seasoned, early distribution has largely cleared, and a consistent buyback gives the chart a fundamental bid that chart patterns alone don't.
Also, Pump.fun's new social trading features introduced to compete against trading app Fomo's offerings to top traders appears to have restored confidence in the protocol's positioning.
The derivatives market is also aligned. Open interest in PUMP perpetuals stands at $238.42 million, per Coinglass, up from roughly $189 million two weeks ago, when the token was still testing $0.0025.
The simultaneous rise in price and open interest suggests fresh capital is entering rather than short positions closing. Funding rates have flipped positive during the recovery, meaning leveraged longs are now paying shorts to hold their positions—a signal that the market is building conviction, though one that makes the setup more vulnerable to a sharp flush if price reverses.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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Grayscale uvádí, že nové návrhy mohou do roku 2031 stlačit roční míru inflace Etherea na 0,4 % a Solany na 1,1 %, tedy pod úroveň zlata. U ETH jde o EIP-8361, u SOL o SIMD-0550 a SIMD-0553.
Rarity could soon no longer be the exclusive domain of bitcoin. According to projections published by Grayscale, the annual growth of Ethereum and Solana supply could fall below gold’s 1.8% by 2031. Indeed, several reforms are currently being debated, including EIP-8361 on Ethereum and SIMD-0550 and SIMD-0553 on Solana. If adopted, ETH’s annual inflation could drop to 0.4%, compared to 1.1% for SOL. This development is likely to reshuffle the cards between rarity, staking yield, and valuation of these two cryptos.
In brief According to a Grayscale study, new technical proposals could reduce Ethereum’s annual inflation to 0.4% and Solana’s to 1.1%, making them rarer than physical gold. The EIP-8361 proposal plans to burn an increasing share of validator rewards as staking increases, bringing ETH issuance back to Bitcoin’s level. By doubling the emission reduction rate via the SIMD-0550 proposal, Solana considerably accelerates its path to a tightly capped supply. Although this tightening reduces direct returns paid to stakers and ETFs, the increased rarity could support token prices and transform these altcoins into leading stores of value. The overhaul of Ethereum’s emission model by EIP-8361 On August 4th, six researchers from the ecosystem, including Justin Drake of the Ethereum Foundation, formally submitted proposal EIP-8361, entitled “Tapered Issuance Burn”. This text aims to fix what the authors call artificial overissuance in the current economic model of the network. Today, validators can still claim a staking yield close to 1.5% per year, even in a scenario where almost all ETH tokens would be locked in the protocol.
According to the diagnosis made by the researchers, this ceiling maintains excessive monetary creation without this corresponding to a real need for operational security. EIP-8361 thus introduces a dynamic mechanism designed to burn an increasingly large share of rewards as the ratio of staked ETH increases, planning a transition over 18 months to burn all rewards once about 60.25 million ETH, or half of the total supply, will be staked.
According to the quantitative models integrated in the proposal and analyzed by Grayscale, Ethereum’s annual issuance would peak around 0.5% at a staking level of 20%, before starting a downward trajectory towards zero as the network approaches the 50% plateau. In its central scenario projected for 2031, the asset manager estimates that ETH’s annual inflation would fall to about 0.4%, thus matching the emission rate anticipated for bitcoin over the same period.
This structural change does not go unnoticed by the institutional financial sector. Grayscale also recalls that its own ETHE spot fund began earlier this year distributing staking yields to its shareholders, constituting the first crypto spot exchange-traded product (ETP) in the United States to implement such a mechanism.
Several fundamental numerical indicators summarize the technical and financial impact of this update for the Ethereum network :
60.25 million ETH : the staking threshold from which 100% of the emission dedicated to rewards will be burned after the 18-month transition ; 0.4% : the theoretical annual inflation rate of ETH supply projected by Grayscale by 2031, equaling that of bitcoin ; 0.5% : the peak that the annual issuance would barely exceed when the network’s staking rate is around 20%. Solana: accelerating supply reduction via SIMD-0550 and SIMD-0553 On its side, Solana follows a separate disinflationary trajectory, centered on improvement documents SIMD-0550 and SIMD-0553. Currently set at about 3.695% per year, this crypto’s inflation rate follows an initial schedule predicting a 15% reduction per year until reaching a long-term floor set at 1.5%. The SIMD-0550 project proposes to accelerate this process by doubling the annual reduction rate, compressing several years of gradual monetary adjustment into a much shorter time frame.
In parallel, the SIMD-0553 proposal modifies transaction fee management to increase the proportion of SOL permanently destroyed, preventing these cryptos from being re-injected to validators. However, Grayscale’s analysis shows that the additional amount of SOL burned via SIMD-0553 remains modest compared to the daily issuance volume under current network conditions, confirming that SIMD-0550 is the real driver of the projected drop to 1.1% by 2031.
This dual technical initiative does not enjoy a fully homogeneous consensus regarding its time feasibility. As Grayscale’s research note explicitly points out, these emission trajectories rely on strict assumptions of immediate implementation without alteration of other operational parameters, a condition considered unlikely to be realized exactly as such in reality.
The political and community dimension plays a key role here. In a recent intervention, Zach Pandl, Grayscale’s research director, qualified the comparative progress of the two networks. He then stated: “Solana’s plan enjoys broader community support and has better chances of being implemented than its Ethereum equivalent”. This divergence in the degree of buy-in from key players proves decisive for investors seeking to incorporate this future rarity in their valuation models.
The economic trade-offs of enhanced rarity The evolution of these emission models places community governance at the heart of the strategic choices of each crypto ecosystem. Although mathematical models anticipate a marked compression of token creation, moving from proposal to effective implementation requires the buy-in of the majority of validation actors.
The difference in support highlighted by Grayscale between Ethereum and Solana illustrates how political and economic considerations influence the adoption of technical updates. On the market side, establishing rarity greater than that of gold marks a stage in the structuring of major altcoins as mature financial assets, capable of competing with traditional safe havens against global inflationary pressures.
Economically, the shift toward algorithmic enhanced rarity imposes a complex trade-off between the unit value of the asset and the gross yield perceived by network participants. By reducing the pace of new token issuance, these reforms de facto decrease nominal income paid to validators and holders of staked crypto ETF shares.
Zach Pandl notes, however, that a smaller circulating supply could support token prices in the market, thus offsetting the mechanical decrease in staking yields. The final equation will depend on the ecosystems’ ability to maintain the security of their consensus while convincing staking actors to accept lower direct rewards in exchange for a theoretically rarer and more robust underlying asset against traditional monetary pressures.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
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.
Bank Leumi se spojila s Galaxy Digital a plánuje nabídnout klientům přímé obchodování s Bitcoinem, Ethereum a Solanou přes své platformy. Služba má být dostupná na začátku roku 2027.
Bank Leumi, 0ne of Israel’s largest banking institutions, has formed a partnership with Galaxy Digital (Nasdaq: GLXY) to introduce cryptocurrency trading services for its clients. The collaboration positions the institution as the first bank in the country to plan direct digital asset trading offerings through its own platforms.
Under the arrangement, customers of Bank Leumi and its mobile digital banking division, PEPPER, will gain the ability to purchase, hold, and sell select cryptocurrencies—initially including Bitcoin, Ethereum, and Solana.
These transactions will occur within a dedicated, secure portion of the Leumi
Trade capital markets application, allowing users to manage digital assets alongside their existing investment activities without needing separate exchange accounts or personal wallets.
The service is projected to become available in early 2027.
Galaxy Digital will supply the core infrastructure via its GalaxyOne Institutional platform, which is designed for banks, asset managers, and other institutional clients and emphasizes institutional-grade execution.
Separately, Bank Leumi has agreed to utilize Galaxy’s Custody Infrastructure platform—previously known as GK8—to underpin the secure holding of digital assets.
Maya Ravia, Head of Strategy at Bank Leumi, highlighted the move as a key element of the bank’s broader innovation efforts.
She noted that it aims to deliver straightforward, secure, and regulated access to digital asset trading through leading technological systems.
Ravia emphasized the bank’s view that digital assets are increasingly embedding themselves into the global financial landscape, and that institutions like Leumi have a responsibility to offer customers participation in this evolution within a trusted banking environment.
Lior Lamesh, CEO of Galaxy Israel, framed the partnership as part of a larger shift in finance toward open and programmable systems.
He pointed out that early-adopting banks will help shape the coming era, and that Leumi selected Galaxy to enable this capability for Israeli customers.
Lamesh also referenced the rapid growth of the local digital assets market and Galaxy’s role in delivering a unified platform combining trading and custody with strong security standards, intended for banks worldwide.
Bank Leumi, established more than 120 years ago and operating without a controlling shareholder, serves millions of clients spanning households, small businesses, mid-sized firms, and large corporations.
It blends a physical branch network with advanced digital and artificial intelligence tools, having improved operational efficiency through ongoing technological upgrades.
Galaxy Digital, listed on Nasdaq under the ticker GLXY, focuses on digital assets and data center infrastructure.
Its offerings include trading, advisory services, asset management, staking, self-custody, and tokenization, while also developing facilities to support artificial intelligence and high-performance computing workloads.
This development follows an earlier, unrealized 2022 effort by the bank involving a different partner.
The current initiative relies on Galaxy’s established institutional tools and Israeli-rooted custody technology.
Commercial details such as fees and specific eligibility criteria have not been disclosed.
Regulatory clearance, including from the Bank of Israel, is anticipated as a necessary step before launch. The partnership reflects growing institutional interest in bringing cryptocurrency access inside established banking interfaces, potentially expanding regulated participation in digital assets within Israel’s financial system.
Bitwise Asset Management has entered into a partnership with Superstate, a fintech specializing in bringing securities onto blockchain platforms, to investigate the possibility of allowing investors to hold shares of select Bitwise funds in tokenized form.
The crypto-focused asset manager indicated that its Bitwise Solana Staking ETF, trading under the ticker BSOL on the NYSE, is expected to serve as the initial candidate for this feature.
Under the structure the two firms are building, the core characteristics of the shares would remain unchanged.
Investors would continue buying the same fund shares through existing brokerage and purchase channels and would retain identical economic, voting, and other rights.
The sole difference would lie in the method of recording ownership.
Holders could opt to keep shares in the conventional book-entry format handled by The Depository Trust Company or switch to a tokenized version recorded on a blockchain and administered through Superstate’s transfer-agency systems.
Tokenized holdings would not be freely transferable outside that designated recordkeeping environment.
Bitwise emphasized that any rollout of the tokenized option depends on meeting all relevant legal and regulatory standards.
The firm explicitly noted that there is no guarantee the feature will become available for BSOL or for any other products in its lineup, nor is there a confirmed timeline.
The initiative reflects broader industry interest in blending traditional fund structures with blockchain-based ownership records.
Superstate provides platforms such as FundOS that support asset managers in creating compliant on-chain fund offerings, including issuance, recordkeeping, and connections to digital markets via its SEC-registered transfer-agency infrastructure.
Bitwise, which oversees roughly $9 billion in client assets across more than 70 investment products, already has experience working with Superstate on other vehicles.
BSOL itself is a relatively recent addition to the US market.
Launched in late 2025, the exchange-traded product seeks to track the value of Solana held by the trust while generating additional Solana through staking.
The fund aims to stake essentially all of its holdings via Bitwise’s own on-chain solutions, powered by infrastructure partner Helius, with the goal of capturing network rewards that historically have averaged around 7 percent.
Those rewards are reinvested rather than distributed as cash, allowing them to compound within the fund’s net asset value.
By exploring a tokenized share class for BSOL, Bitwise is testing whether blockchain recordkeeping can offer investors greater flexibility without altering the fundamental regulated nature of the product.
Tokenized shares would still represent the same class of beneficial interest and would not create a separate security or synthetic instrument.
Market participatns now generally view the move as part of a larger trend in which traditional asset managers experiment with on-chain representations of familiar investment vehicles.
Success would depend on regulatory clarity, operational readiness, and investor demand for the dual-holding option. For now, the partnership signals Bitwise’s intent to remain at the forefront of product innovation in the digital-asset space while carefully navigating compliance requirements.
Solana zaznamenala za posledních 30 dní největší růst tokenizovaných amerických státních dluhopisů mezi blockchainy, s čistým přílivem 378 mil. USD. Celý trh tokenizovaných Treasury dosáhl 16,23 mld. USD.
Solana just posted the largest 30-day increase in tokenized US Treasury activity among all blockchain networks, adding $378M in net inflows.
The broader tokenized Treasury market hit $16.23B in total distributed value as of August 15, according to data from RWA.xyz. That figure represents a 1.81% increase over the past 30 days, with Solana, Ethereum, and BNB Chain leading the charge.
Solana’s institutional moment
BlackRock’s BUIDL fund, Ondo Finance’s USDY, and Galaxy Digital’s SWEEP (which currently holds roughly $161M) all now operate on Solana. Add in VBILL, and the network has quietly assembled a roster of institutional-grade Treasury products.
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Ethereum still runs the show, but the gap is narrowing
Despite Solana’s growth spurt, Ethereum remains the undisputed heavyweight in tokenized Treasuries, commanding approximately 43% of the total market share. BNB Chain sits in second place with around 31.5%.
The top three products by size tell you everything about who’s winning the issuance race. USYC leads with roughly $3.0B, followed by BUIDL at approximately $2.7B and USDY at around $2.15B.
The tokenized Treasury market now spans nearly 18 different blockchain networks.
From under $1B to $16B in two years
In early 2024, the entire tokenized US Treasury market sat below $1B. Now it’s north of $16B, a roughly 16x expansion in under 30 months.
The broader tokenized real-world asset ecosystem, which includes everything from private credit to real estate, now exceeds an estimated $30B to $38B in total value.
Products like BUIDL and USDY come with transfer restrictions and accredited-investor requirements baked into their smart contracts, allowing these tokens to exist within existing regulatory frameworks.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
