Solana [SOL] is slowly forming a bullish structure but remains below the most recent lower high at $97. At press time, the altcoin was trading at around $77, but SOL’s daily volume had surged to $1.61 billion.
Notably, a crypto analyst predicted that capital inflows and on-chain activity were starting to support SOL’s potential rise toward $120.
Solana ETFs turn positive as dormant wallets return Capital inflows came from Solana ETFs, which recorded the highest daily inflows in two weeks. The Bitwise Solana Staking ETF [BSOL] led the inflows with about 75,714 SOL worth $5.83 million, and it was the only ETF that recorded any activity on the 21st of July.
However, the positive net inflow did not last. The following day, Solana ETFs recorded outflows of 16.4K SOL worth $1.27 million, less than a quarter of the more than 75K BSOL purchased earlier.
Source: Solana Floor The daily volume of Solana ETFs traded was $54.47 million, with all assets under management nearing $1 billion. In fact, Solana and Hyperliquid ETFs account for nearly 80% of non-BTC/ETH ETF volume.
Additionally, dormant wallets returning to Solana DEXs surged to 62K last week, up from below 20K. This was equivalent to a 400% increase from the previous week. This was the highest number of returning users in a period of more than a year.
Source: Dune As Solana ETFs hit a two-week high and dormant wallets return, it hints at shifting market sentiment.
Can SOL break out and surge into the $120-$130 zone? The price charts showed Solana was forming a base at $75 after sweeping liquidity below this level. The altcoin has returned to the consolidation between $75 and $97, but the upper resistance remains a key challenge.
However, the signs of a potential breakout toward $120-$130 are emerging as a Moving Average (MA) cross occurred with the fast‑moving MA rising above the slower MA. Moreover, these targets depend on a bullish breakout in the coming weeks.
Source: SOL/USDT from Michael van de Poppe Therefore, Solana is expected to turn bullish structurally if it can close above $97.89. At press time, the RSI was supportive of the prediction as it traded above the neutral level, indicating buying pressure.
Otherwise, SOL is still bearish even though it reclaimed the most important level at $75.
Final Summary Solana ETFs’ inflows turned positive after $5.83 million was bought, and returning dormant wallets surged 400% in a week. Traders are eyeing SOL to reach the $120-$130 zone but only if it breaks out of the range and stays above $97.
Solana’s memecoin trenches are showing signs of renewed activity, with dormant traders returning, memecoin volumes climbing, and newly launched tokens attracting significant speculative interest.
The number of dormant wallets returning to Solana DEXs surged to 62,000 last week, an increase of more than 400% from the previous week. The figure marked the highest level of returning users in more than a year.
Memecoins also generated more than $2 billion in spot trading volume last week, accounting for roughly 19% of Solana’s total spot volume. Data from Blockworks shows Solana DEXs recorded approximately $10.6 billion in total spot volume, with memecoins contributing about $2.06 billion.
The renewed activity comes even as $SOL itself faces broader market pressure, suggesting traders are still willing to take on risk in specific corners of the ecosystem.
Pump.fun Overtakes Hyperliquid in Daily Revenue The resurgence has arguably benefited pump.fun the most. The Solana-based launchpad generated approximately $1.21 million in 24-hour revenue, surpassing Hyperliquid at roughly $1.03 million over the same period.
Pump.fun continues to attract fresh trading volume with each viral launch.
$JIMOTHY Hits $46.4M as Viral Raccoon Goes Viral One of the clearest examples of the renewed speculation is $JIMOTHY, a memecoin inspired by an unusually shaped raccoon that recently went viral online.
$JIMOTHY reached an all-time-high market cap of $46.4 million yesterday, July 22, before retreating. The token currently trades at around a $29 million market cap.
Jimothy, the raccoon behind the token, became an internet sensation after Kiana Hall spotted the animal in Seattle’s Ballard neighborhood on July 13. Experts believe the raccoon may have a rare congenital spine condition that gives it a distinctive short, round body, although it otherwise appears healthy.
Hall recorded the raccoon and posted the clip online, where it quickly attracted millions of views.
Anonymous developers capitalized on that viral attention by launching $JIMOTHY on Pump.fun last week. The token gained visibility through Pump.fun’s trending page before the platform’s official X account reposted it.
$KET and $ANSEM Highlight Broader Memecoin Rally $KET has also emerged as another notable mover in Solana’s renewed memecoin activity. The token climbed to an all-time-high market capitalization of approximately $15 million before retracing to around $8.39 million. Meanwhile, $ANSEM has sustained its traction since its launch “revived’ the trenches, with the token currently trading at a $169 million valuation. Although $ANSEM is a KOL-affiliated token, the return of animal-related memecoins suggests risk-taker trenchers/traders have returned to Solana.
The renewed activity reflects the role memecoins continue to play in driving Solana usage. Speaking to SolanaFloor at Breakpoint 2025, Solana Policy Institute President Kristen Smith argued that “Solana is the most used network in the world because of memecoins.”
Whether that activity develops into a sustained memecoin cycle will depend on whether returning traders remain active after the latest wave of viral launches fades.
Read More on SolanaFloor SEC Commissioner Hester Peirce Warns DeFi Vaults are not Exempt From Securities Laws
Senate Republicans Release New Draft of CLARITY Act Banning Federal Officials From Issuing Digital Assets
Mubadala Capital tokenizes a private markets fund with Coinbase and KAIO, launching across Base, Solana, and Sui with $75 million already onchain.
A major sovereign wealth fund just put a piece of its private investment business on a blockchain.
Mubadala Capital, the asset management arm of Abu Dhabi's Mubadala Investment Company, has launched a tokenized version of one of its private markets funds. The launch was built with Coinbase and Abu Dhabi-based tokenization firm KAIO. Mubadala's sovereign wealth fund grew 17% in 2025 to $385 billion, according to its own April 2026 results.
Mubadala Capital itself administers more than $600 billion across private equity, credit, venture capital, and co-investment, according to The National.
The fund went live July 23 across three blockchains at once: Coinbase's Base network, Solana, and Sui. It has already pulled in about $75 million onchain, including money from Coinbase itself.
The companies say it's the first time a major U.S. public company has used a regulated tokenized asset for its own onchain treasury management.
A bigger shift is already underwayMubadala's move fits a pattern that has been in motion. Citi's Institute for Global Perspectives and Solutions says tokenization is moving "from pilot stage toward operational deployment," in a June 2026 report.
The global market for tokenized financial assets sits at roughly $17 billion today, per DefiLlama data cited by Citi, about triple where it was a year ago. U.S. Treasuries, bonds, and money market funds make up more than 55% of that. Gold and other commodities make up another 34%. Citi expects the market to hit $5.5 trillion by 2030 in its base case, with a range of $2.7 trillion to $8.2 trillion.
Most of that growth is expected to come from public securities, not private funds like the one Mubadala just tokenized.
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Trending on TheStreet Roundtable:Bernie Sanders rallies against crypto, AI in new campaignJPMorgan sends stark warning on the real threat to BitcoinGoldman Sachs breaks with JPMorgan over 'Clarity'That's an important distinction. Private markets are harder to scale onchain. They're illiquid and relationship-driven by nature, and tokenizing them doesn't change that.
Citi estimates only about $100 billion each in tokenized private credit and private equity globally by 2030, small next to the trillions expected in Treasuries and public stocks.
Three things are driving the shift, per Citi: DTCC, NYSE, and Nasdaq building tokenization directly into their core systems; stablecoins and other regulated onchain money, projected to reach $1.9 trillion by 2030; and improving regulation, including progress on the US CLARITY Act.
Why Solana keeps showing upSolana, one of the three networks running Mubadala's fund, is built for speed and low fees. It processes far more transactions per second than older blockchains, at a fraction of the cost. That's made it a go-to choice for institutions testing tokenized assets, and the numbers back that up.
Solana's tokenized asset trading hit an all-time high of $5.8 billion in the second quarter, up 114% from the prior quarter, according to Blockworks Research. Tokenized equities alone made up $4.8 billion of that, more than four times the previous record. Solana now handles about 97% of all tokenized-equity trading across every blockchain.
That growth came even as speculative trading on the network, tied to meme coins, kept cooling off. Solana's overall network revenue actually fell 43% quarter over quarter. The tokenized asset growth looks like real institutional demand, not hype.
Mubadala running its fund on Solana, alongside Base and Sui, puts it in the same camp as a growing list of institutions using Solana as settlement infrastructure, not just a trading venue. Access to Mubadala's fund is limited to qualified institutional and accredited investors, keeping it within existing regulatory lines even as the infrastructure moves onchain.
Tokenized equities on the Solana blockchain have witnessed significant growth, rising from a volume of $1.34 million to $3.32 billion over the past year. This reflects Solana’s expanding role in the onchain activity around tokenized stocks and similar equity exposures. Recent data indicates that Solana handles over 95% of cross-chain tokenized equity volume, highlighting its dominance in this sector. The increase in activity points to a burgeoning adoption of tokenized equities, making them a substantial component of decentralized exchange activity within the Solana ecosystem.
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Key Takeaways Solana’s tokenized equities volume has surged, suggesting increased adoption and integration into decentralized finance. The dominance of Solana in handling cross-chain tokenized equity volume indicates its competitive positioning in the market. The rapid growth in tokenized equities could bolster confidence in Solana’s broader ecosystem and financial prospects. What to Watch Market participants may observe how Solana’s continued growth in tokenized equities impacts its platform’s adoption and overall blockchain activity. Developments such as regulatory announcements or partnerships could further influence Solana’s market position. Additionally, movements in Solana’s price may reflect the broader acceptance and success of its tokenized equities market, with potential for significant shifts in market sentiment.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 3.7% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market → August 1 2026 1% — — View market → August 1 2026 0.5% — — View market → August 1 2026 0.3% — — View market → August 1 2026 1.5% — — View market → August 1 2026 0.4% — — View market → August 1 2026 3.6% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.7% — — View market → August 1 2026 0.1% — — View market → August 1 2026 27% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market →
The TRX price continues to hold one of the strongest long-term uptrends in the crypto market, and fresh network data suggests the fundamentals haven’t weakened yet. While many large-cap altcoins are still struggling to reclaim momentum, Loading profile preview is quietly expanding its dominance in stablecoin transfers and user activity, giving traders another reason to watch the chart closely.
Stablecoin Network Keeps Expanding FurtherToday’s update from TRON highlighted how dominant the network has become for stablecoin payments.
As of June 30, nearly 93% of stablecoin transfer volume on TRON came from peer-to-peer transactions, underscoring the network’s role as a payment infrastructure rather than just a speculative blockchain. Meanwhile, TRON’s share of native USDT transfers below $1,000 increased from 43% to 52%, showing growing usage for smaller everyday transactions.
That trend matters. More peer-to-peer activity generally reflects broader utility rather than isolated whale transfers, suggesting network demand continues to broaden.
User Growth Keeps Pace With SolanaOnchain data highlights TRX network activity telling a similar story. Per data, TRON reported an average of roughly 3.5 million daily active users, putting it well ahead of Ethereum’s 532,000 while remaining close to Solana’s 3.8 million users.
Although user count alone doesn’t determine value, maintaining activity at this scale indicates that TRON continues attracting consistent on-chain participation as competition among Layer-1 networks intensifies.
TRX Technical Structure Still Favors BuyersThe TRX price action also remains constructive. Since mid-2025, the CMF has stayed above the zero line, indicating persistent capital inflows while helping TRX defend the $0.2650 support zone. The rally eventually reached $0.3745 in May 2026, and the broader weekly trend remains intact.
Momentum indicators including the MACD and Awesome Oscillator also remain above their respective zero lines, while TRX continues trading comfortably above its 20-week EMA near $0.3265.
If buying momentum continues alongside improving network activity, TRX price could attempt a move toward $0.4265 before challenging the $0.45 area. However, losing the current trend structure would likely delay that scenario despite the improving ecosystem metrics.
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Looking at Solana’s key stats, the undervaluation narrative starts to gain more weight.
On the RWA front, Solana’s latest Q2 report showed $5.8 billion in Tokenized Asset Volume, up 114% QoQ and marking its sixth quarterly ATH.
The key takeaway?
Tokenized Equities alone accounted for 84% of total volume, making Solana a major hub for institutional RWA activity. But the momentum doesn’t stop there.
Source: X Digging deeper, Solana currently dominates tokenized stock trading, accounting for 96% of total volume, with xStocks driving over 80% of the activity. In this context, the latest xStocks expansion adds another layer to this growth story, moving beyond U.S. stocks to bring other global equities on-chain.
This broader access could further strengthen Solana’s position in the tokenized asset market.
Source: X In short, Solana’s [SOL] $5.8 billion Q2 RWA volume could be just the start of a bigger trend.
And it looks like investors are already positioning for this growth.
According to Dune data, dormant wallets returning to Solana DEXs jumped to 62k last week, up 400% week-over-week. This suggests that previously inactive users are coming back on-chain as new opportunities continue expanding across the ecosystem.
However, the bigger story behind Solana’s growth goes beyond its RWA market or DEX volume. The real impact is how this activity is translating into network adoption, with rising dormant activity being just one piece of the puzzle.
And the timing couldn’t be better, as SOL/ETH is approaching a key zone.
Solana’s on-chain strength meets a key SOL/ETH turning point The impact of Solana’s growing RWA and DEX momentum is now showing up across the network.
According to Chainspect data, Solana has generated more revenue than Ethereum for 23 consecutive days. With Solana bringing in around $515k compared to Ethereum’s $133k, the network generated roughly $382k more revenue, or nearly 3.9x Ethereum’s total.
And this isn’t just a short-term spike. Solana currently leads all blockchains in 24-hour DEX volume at $1.5 billion, ahead of Ethereum’s $1.29 billion.
Put together, Solana is showing a strong on-chain growth cycle, where rising DEX activity and RWA adoption are translating into higher network usage, liquidity, and revenue.
Source: TradingView (SOL/ETH) In this context, xStocks’ expansion adds another catalyst for Solana to continue building on this momentum.
From a technical perspective, the timing looks interesting.
As the chart above shows, the SOL/ETH ratio is approaching the 0.035-0.04 range, a zone that previously triggered a strong rally in May as capital rotated into Solana. With Solana’s on-chain strength improving against Ethereum and ETH facing resistance around the $2k level, the setup could favor further upside in the SOL/ETH ratio.
The key takeaway?
This rotation may be more than just a short-term technical move. With Solana’s on-chain growth continuing to accelerate, it could signal a broader divergence between SOL’s strength and ETH’s performance through the rest of Q3.
Tokenized equities deposited as collateral in Solana-based lending protocols have reached a new all-time high, crossing the $53 million mark.
The milestone signals a broader shift in how tokenized real-world assets are being used in decentralized finance. Instead of just sitting in wallets as synthetic exposure to stocks and ETFs, these tokens are now being put to work as collateral, letting holders borrow stablecoins like USDC without selling their positions.
Where the deposits are landing Two platforms are eating most of this market. Kamino Finance accounts for over $31 million of the total collateral, making it the dominant player by a wide margin. Jupiter Lend picks up approximately $20 million, rounding out the bulk of the activity.
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The lending mechanism itself works the way you’d expect. Users deposit tokenized versions of stocks or ETFs into these protocols, and in return, they can borrow stablecoins against that collateral.
Chainlink Data Streams provide sub-second pricing to keep the whole system from blowing up. The oracles use price band mechanisms to ensure that collateral valuations stay accurate around the clock, which matters quite a bit when you’re lending against assets that traditionally only trade during market hours.
Solana’s quiet monopoly on tokenized equity trading During Q2 2026, Solana captured roughly 96-97% of global on-chain tokenized equities spot trading volume. Total tokenized asset trading volume on Solana hit $5.8 billion for the quarter.
The broader real-world asset ecosystem on Solana has now surpassed $3.4 billion in total value. Platforms like Backed Finance have helped drive adoption by issuing compliant tokenized stock products, giving institutional and retail users a regulated on-ramp to put traditional equities on-chain.
Why borrowing against your stocks on-chain matters The $53 million figure represents genuine borrower demand for liquidity against equity holdings. Users want to maintain their stock exposure while still accessing capital. Selling would trigger taxable events or force them out of positions they believe in. Borrowing lets them have it both ways.
The risk side deserves attention too. Tokenized equities introduce dependencies that pure crypto collateral doesn’t: corporate actions, stock splits, dividend distributions, and regulatory changes in the underlying securities markets.
There’s also the oracle question. Sub-second pricing from Chainlink is impressive, but tokenized equities create an unusual challenge. Traditional stock markets close on weekends and holidays. If a geopolitical event moves equity prices over a weekend, the gap between Friday’s close and Monday’s open could create liquidation cascades in 24/7 lending markets before accurate prices are even available. The price band mechanisms are designed to handle this, but they haven’t been stress-tested by a genuine black swan event yet.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The Clarity Act, a significant piece of U.S. legislation, aims to reclassify certain tokens as digital commodities and place them under the Commodity Futures Trading Commission (CFTC) rather than the Securities and Exchange Commission (SEC). The bill is designed to enhance transparency for digital asset projects and provide a more defined regulatory framework for smart contract networks and decentralized applications, which could benefit platforms like Ethereum and Solana. The recent commentary from @laurashin highlights the potential positive impact of the Clarity Act on these platforms, emphasizing the commodity-like nature of Bitcoin and Ether.
The Clarity Act market on Polymarket shows a 36.5% probability of the bill being signed into law by the end of 2026. This marks a slight decline from 38% a day ago and 40% a week ago. This pricing suggests a moderate level of confidence in the bill’s passage, reflecting ongoing political negotiations and regulatory developments. The act’s progression could significantly influence the regulatory environment for cryptocurrencies and smart contract platforms.
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Markets are closely monitoring developments related to the Clarity Act, as President Donald Trump, key congressional leaders, and influential figures in the crypto industry play pivotal roles. The bill’s advancement could lead to clearer regulatory conditions for platforms operating within the Ethereum and Solana ecosystems, supporting their growth and innovation.
Key Takeaways The Clarity Act appears to support the classification of Bitcoin and Ether as digital commodities, potentially benefiting smart contract platforms. Current market pricing suggests a moderate probability of the Clarity Act being signed into law by the end of 2026. Market activity reflects uncertainty, with recent shifts in probabilities indicating nuanced expectations about the bill’s legislative journey. What to Watch Observers should track statements and decisions from President Donald Trump, as his endorsement or opposition could significantly impact market perceptions. Congressional actions, such as votes or public comments from key committee chairs like Tim Scott and Cynthia Lummis, will also be crucial indicators. Developments in the regulatory landscape, particularly those affecting Ethereum and Solana, could provide additional context for the Clarity Act’s potential impact on the crypto industry.
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The line between sovereign wealth and onchain finance just got thinner. Abu Dhabi’s Mubadala Capital, the asset management arm of the emirate’s sovereign wealth fund, has tokenized one of its private market funds using KAIO, a tokenization platform. Coinbase has taken a strategic stake in the onchain vehicle, according to the original report. The fund will be deployed across three distinct networks: Base, Solana, and Sui.
Mubadala manages north of $280 billion in assets, and its entry into tokenization is not a small pilot. Choosing three blockchains from the start signals a clear operational preference for infrastructure redundancy over picking a single winner. For an institution of this size, multi-chain deployment is as much about liquidity access as it is about technical insurance.
A Multi-Chain Platform Approach The decision to distribute the fund across Base, Solana, and Sui covers very different network philosophies. Base, as Coinbase’s own layer-2 on Ethereum, offers a direct line to the largest pool of decentralized finance activity and the exchange’s settlement rails. Solana brings speed and a deep order book for high-throughput asset movement. Sui adds a parallel processing architecture that has been attracting institutional staking and fintech integrations at a rapid clip.
Sui’s recent traction includes a Nasdaq-listed staking firm and a major payment partnership, as detailed in a recent market analysis. Combined with the developer momentum tracked among leading blockchains, the network choices here are not random. They map to where liquidity flows are becoming stickier and where institutional tooling is most mature.
Coinbase’s Strategic Stake Coinbase taking an equity position in the tokenized vehicle adds another layer. The company is no longer merely the exchange that lists assets or the provider of a custodial wallet. Through Base and now selective fund-level stakes, it is positioning as a core infrastructure partner for the tokenization of traditional private markets. This mirrors the strategy visible in the broader adoption of real-world assets, where the total value locked onchain recently crossed $20 billion, a threshold tracked in a recent weekly tokenization roundup.
For Mubadala, the Coinbase link provides a path to eventual secondary liquidity and regulated settlement. For Coinbase, the deal locks in a relationship with a sovereign-backed allocator that could scale far beyond a single fund. The stake aligns incentives without demanding full exclusivity, which is why the multi-chain deployment still makes sense.
The Institutional Tokenization Wave Gathers Pace This move comes as tokenization transitions from proof-of-concept to production across the industry. Apart from the headline $20 billion milestone, recent weeks have seen Bullish acquire Equiniti for $4.2 billion in a tokenization-focused deal and Ondo Finance run the first live tokenized Treasury settlement with JPMorgan. Mubadala’s entry is a sovereign-grade signal, and it arrives at a moment when the plumbing is finally in place.
What remains uncertain is how the tokenized fund will operate within existing regulatory frameworks. Mubadala’s private market fund structure may limit secondary trading, and the tokenization could be more about operational efficiency than public liquidity. Whether the onchain wrapper provides seamless settlement or merely a proof-of-concept will become clearer once the fund’s design details emerge. For now, the move reshapes the conversation around who builds the bridges between traditional capital and blockchain settlement layers.
Developer activity on the chosen networks also provides context for long-term viability. Networks that maintain high developer engagement tend to sustain the tooling and security standards that institutional clients demand. A glance at the latest rankings, such as those covered in a review of top blockchains by developer activity, shows Solana and Sui rising through the ranks alongside Ethereum’s layer-2s. The institutional push is not happening in a vacuum; it is riding on a wave of sustained builder momentum.
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Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.
The Digital Asset Market Clarity Act, better known as the CLARITY Act (H.R. 3633), passed the US House back in July 2025 and cleared the Senate Banking Committee with a 15-9 bipartisan vote on May 14, 2026. As of late July 2026, the bill is positioned for a full Senate vote once bipartisan negotiators iron out remaining sticking points, primarily around ethics provisions.
What the CLARITY Act actually does The CLARITY Act tries to fix jurisdictional ambiguity by drawing definitive lines. Digital commodities would fall under CFTC oversight. Investment contracts would stay in the SEC’s lane. Beyond jurisdiction, the bill proposes comprehensive rules for token classification, disclosure requirements, trading platform regulations, custody standards, and even provisions addressing decentralized finance.
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The bipartisan support is notable. Democratic Senators Ruben Gallego and Angela Alsobrooks voted in favor during the Banking Committee markup, joining their Republican colleagues.
Why Grayscale cares this much Zach Pandl, Grayscale’s head of research, has framed the CLARITY Act as the key that unlocks institutional investment at scale. His argument is straightforward: pension funds, endowments, and asset managers won’t meaningfully allocate to digital assets until the regulatory framework is settled.
Pandl has identified specific networks that stand to benefit most from institutional inflows once the bill passes. His shortlist includes Ethereum, Solana, BNB, and Canton Network.
The odds and the obstacles Polymarket odds as of May 2026 placed the probability of the CLARITY Act passing in 2026 at roughly 67%. Senate Republicans have indicated they’re preparing updated bill text with essential ethics provisions, a concession apparently needed to secure enough Democratic votes for passage. The ethics language reportedly addresses concerns about conflicts of interest among officials who might hold or trade digital assets while overseeing their regulation.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Coinbase will add exposure to the tokenized private-markets offering, which launched with about $75M in onchain value, KAIO said.
KAIO, a tokenization infrastructure firm, said it launched tokenized access to one of Mubadala Capital's evergreen private market strategies on Wednesday, live across Base, Solana and Sui with approximately $75 million in onchain value from traditional and digital-asset investors, according to KAIO's post on X.
Mubadala Capital is the asset-management arm associated with Abu Dhabi's sovereign wealth apparatus. KAIO described the offering as tokenized access to "one of Mubadala Capital's evergreen private market strategies," and called it "a milestone for how Sovereign Wealth Fund-backed private markets strategies can be made accessible through regulated digital infrastructure."
KAIO said Coinbase "will be adding exposure to the tokenised offering," which it framed as reflecting "growing appetite among publicly listed digital asset companies for regulated RWAs." KAIO did not detail the size of that exposure in the post.
The size of the launch was stated two ways across official channels. KAIO put the figure at "approximately US$75M in onchain TVL." Solana's official account described the same launch as "$75M in commitments from traditional and digital investors" and said KAIO "brings the @Mubadala Capital Alternative Solutions Fund to Solana," framing it around a single network rather than the three KAIO named.
Sui's official account added further figures not stated in KAIO's own post, citing a "$385B sovereign wealth fund," "$3.7B NAV" and "650+ underlying companies," and said KAIO "tokenizes @Mubadala Capital Alternative Solutions Fund's private market strategy onchain for the first time." Those NAV and portfolio-company figures, and the "first" characterization, appear only in the Sui post and are not independently confirmed here. Relayed figures elsewhere for the sovereign fund's assets under management ranged from about $400 billion to $430 billion, a further reason to treat the scale numbers as unverified.
Mubadala Capital has not been reached on its own channel in this dossier, so its participation and endorsement of the tokenization rest on KAIO's account and the co-branded Solana graphic. Onchain contract addresses for the tokens were not published in the posts reviewed.
The launch adds a sovereign-linked private-markets product to a growing set of tokenized fund offerings on Solana and other networks, and puts a listed U.S. exchange, Coinbase, in the position of taking exposure to a tokenized illiquid asset rather than only providing infrastructure.
One of the world’s largest sovereign wealth-linked managers just put $75 million worth of private market exposure on a blockchain.
Mubadala Capital, the investment arm of Abu Dhabi’s Mubadala Investment Company, went live on July 23, 2026 with a tokenized version of its Alternative Solutions Fund, officially named MCAS-TA. The fund runs across three blockchain networks: Coinbase’s Base, Solana, and Sui. It pulled in roughly $75 million in on-chain commitments at launch, drawing participation from both traditional asset managers and digital asset investors.
The infrastructure behind the product comes from KAIO, a UAE-based tokenization platform that announced its partnership with Mubadala Capital back in December 2025. KAIO handles the compliance architecture and distribution rails.
Why this matters beyond the press release Mubadala Capital manages approximately $430 billion in assets.
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Private market funds have historically been among the least accessible asset classes for most investors. Minimum commitments run high, liquidity is near-zero, and the onboarding process involves significant friction. Tokenization compresses those barriers by putting compliance, ownership records, and transfer mechanics on-chain: instead of a fund administrator managing cap tables in spreadsheets, the blockchain handles it. Investor eligibility checks happen through smart contract logic. Secondary transfers become possible where they previously weren’t.
For Coinbase specifically, this launch marks the first time it has integrated regulated tokenized assets into an institutional treasury management context, according to the research.
KAIO’s growing footprint in regulated tokenization KAIO has previously powered tokenized offerings from BlackRock and Hamilton Lane, with cumulative TVL across those products landing somewhere between $150 million and $200 million. Adding the Mubadala Capital fund pushes that number meaningfully higher.
The firm also closed a funding round in April 2026, which included backing from Tether.
The multi-chain deployment across Base, Solana, and Sui is itself a deliberate choice. Each network brings a different investor base and different technical properties. Solana offers high throughput and a growing institutional presence. Base plugs directly into Coinbase’s compliance and custody ecosystem. Sui is newer but has attracted attention for its object-based data model, which handles complex financial instruments differently than account-based chains.
What this signals for institutional tokenization broadly Tokenized treasuries and money market funds moved first because the underlying assets are simple and liquid. Private market funds are a harder problem: the assets are illiquid, the investor base is accredited, and the regulatory requirements vary by jurisdiction. The fact that Mubadala Capital is doing this with private market exposure rather than a simple bond wrapper is what makes the MCAS-TA launch notable.
Seventy-five million dollars in on-chain commitments at launch is the demand signal other sovereign-linked managers and large alternative asset firms will be watching as they evaluate the operational lift required to follow.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
TLDR: Tokenized bank deposits will become transferable across Ethereum, Solana, Base, and Keeta through LayerZero’s interoperability standard. Commercial bank deposits held through Bivo will support USD and eight additional fiat currencies scheduled for release later this month. Keeta will retain issuer controls while LayerZero manages consistent token supply and cross-chain settlement without separate liquidity pools. The partners disclosed no transaction forecasts or participating banks, leaving institutional adoption dependent on demand and security settings. LayerZero and Keeta are bringing tokenized bank deposits to Ethereum, Solana, Base, and the Keeta Network. The partnership creates cross-chain rails for regulated commercial bank money used in payments and treasury operations. Bivo-held commercial bank deposits will support the issued assets. The first rollout will cover the U.S. dollar and eight additional currencies later this month.
The model differs from common reserve-backed stablecoins. Each token represents money held as a commercial bank deposit through Bivo. LayerZero supplies the interoperability layer, while Keeta provides compliance-focused payment infrastructure. Institutions can therefore manage one asset across several public networks.
Tokenized Bank Deposits Gain a Cross-Chain Settlement Layer LayerZero will use its Omnichain Fungible Token standard for transfers between supported blockchains. The standard burns tokens on one network and mints matching tokens on another. This structure keeps the total supply consistent across every deployment. It also avoids separate liquidity pools and reduces reliance on wrapped versions.
Issuing institutions retain control over the token contracts and their operating rules. They can define verification settings, transfer limits, compliance checks, and other safeguards. That control is important for commercial bank money, where issuers must manage legal and operational obligations.
The initial network includes Ethereum, Solana, Base, and Keeta. Supported currencies will include USD, EUR, JPY, CNY, GBP, CAD, MXN, AED, and HKD. LayerZero said the currencies are scheduled to become available later this month. The company currently connects more than 170 public blockchains.
Cross-chain settlement could help institutions move working capital between blockchain environments without maintaining isolated balances. A treasury team could hold one regulated asset while accessing different payment or market venues. The structure may also reduce reconciliation work created by separate token versions.
LayerZero already supports multichain assets used by payment and tokenization companies. Its OFT framework tracks supply across networks at the contract level. Keeta now applies that model to deposit-backed money rather than crypto-native assets. The partnership extends interoperability into routine banking settlement.
Keeta Adds Bank Controls While Adoption Questions Persist Keeta is building its network for regulated payments and institutional settlement. The company is also integrating LayerZero as an anchor within its own blockchain. Keeta said a public stress test recorded 11.2 million transactions per second. The test involved Google’s Spanner engineering team.
Bivo provides access to U.S. payment rails and a partner-bank network. Its role links the on-chain tokens with commercial bank deposits held through regulated financial channels. The arrangement gives the system a banking foundation rather than a portfolio of reserve assets.
This structure preserves direct issuer authority over contracts throughout the transfer process. Institutions can maintain controls while using public blockchains for distribution and settlement. That combination may address concerns around fragmented liquidity and inconsistent token versions. It does not remove the need for bank participation.
Still, the partners have not disclosed expected transaction volumes, participating banks, or committed institutional users. Those details will determine whether the infrastructure gains regular settlement activity. Technical capacity alone does not guarantee demand from banks or corporate treasurers.
Security controls will also receive close attention after the April 18 KelpDAO incident. Attackers drained 116,500 rsETH, worth about $292 million, after compromising infrastructure supporting a single-verified setup. LayerZero later ended support for that configuration and increased default verification requirements. The Keeta rollout will depend on how institutions configure those controls.
Swiss cantonal bank BancaStato has introduced cryptocurrency trading services for Bitcoin, Ethereum, Solana, and Litecoin directly within its web and mobile banking applications. The development makes BancaStato one of the first Swiss financial institutions to offer regulated digital asset trading to its retail clients through existing banking platforms.
Full integration with Avaloq and Sygnum infrastructureThe rollout was made possible by integrating Sygnum’s business-to-business crypto infrastructure with BancaStato’s Avaloq core banking system. Clients can access digital assets, place trades, and oversee their portfolios from the same digital interfaces they use for everyday banking.
BancaStato, founded in 1915 and serving the Canton of Ticino, has aimed to position itself at the forefront of digital innovation among Swiss regional lenders. The bank’s move introduces a regulated channel for clients to buy, sell, and hold cryptocurrencies alongside traditional financial products under a unified account.
Users can submit market orders in both crypto denominations and US dollar terms, with asset custody managed through Sygnum’s regulated platform.
Mini dictionary: Sygnum, a Swiss digital asset bank, provides regulated infrastructure for cryptocurrency custody and trading. Its API-based systems enable traditional financial institutions to offer direct digital asset services to their customers.
BancaStato offers cryptocurrency trading directly through its familiar banking channels, removing the need for separate trading platforms and simplifying access to digital assets for its account holders.
Operational benefits and regulatory safeguardsThrough this integration with Sygnum, BancaStato can provide institutional-grade custody, incorporating hardware security, software protections, governance procedures, and regular audits. Digital assets held by clients remain off the bank’s balance sheet and are segregated in compliance with Swiss financial regulations.
BancaStato is the first Avaloq software-as-a-service client to enable Sygnum-powered crypto trading directly via API. This approach reduces complexity by eliminating the need for a separate order management system while allowing the bank to adapt trading functionalities without major changes to core infrastructure.
The platform gives account holders the ability to manage both conventional and digital investments within a single online banking relationship, enhancing portfolio management and oversight capabilities.
BankLaunch DateCrypto Trading IntegrationTrading ChannelsBancaStatoJune 2026Yes (Sygnum & Avaloq)Online & Mobile BankingPostFinanceApril 2023Yes (Sygnum)Digital Banking PlatformsSygnum’s infrastructure is now used by over 25 Swiss and European banking institutions, extending digital asset access to nearly one-third of Switzerland’s population through its network of affiliated lenders.
Industry impact and regulatory evolutionBancaStato now joins a list of Swiss financial institutions, including PostFinance and Zuger Kantonalbank, that provide crypto trading and custody through Sygnum’s infrastructure. The integration expands regulated access to digital assets, addressing increasing demand among Swiss bank customers for innovative investment products.
On June 30, 2026, Sygnum Europe obtained official registration as a Crypto-Asset Service Provider under the European Union’s Markets in Crypto-Assets Regulation through supervision from the Liechtenstein Financial Market Authority. This approval is expected to further bolster the bank’s capability to offer compliant digital asset services across the EU, enhancing security and regulatory clarity for clients outside Switzerland.
With this move, BancaStato broadens its digital portfolio while maintaining its regulatory frameworks, enabling customers across Ticino and Switzerland to access cryptocurrency markets without leaving the protected environment of traditional banking applications.
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.
Tokenized real-world assets have been the crypto industry’s favorite buzzword for two years running. Now someone is trying to do it with the most boring financial instrument imaginable: your bank deposit.
LayerZero, the omnichain messaging protocol that connects over 70 blockchains, has partnered with Keeta, a Layer-1 chain built for payments and fiat interoperability, to enable native cross-chain transfers of tokenized bank deposits. The integration spans Ethereum, Solana, Base, and Keeta’s own network.
What tokenized bank deposits actually are Think of a tokenized bank deposit as a digital twin of the dollars sitting in your checking account. Each token is backed 1:1 by an actual deposit at a regulated bank, retaining the protections and compliance features you’d expect from traditional banking. The difference is that these tokens can move on-chain, 24/7, across multiple networks.
This matters because stablecoins, for all their growth, exist in a regulatory gray zone that makes traditional financial institutions nervous. Tokenized deposits, by contrast, are designed to sit squarely within existing banking frameworks. They’re regulated. They’re backed. And they potentially carry the same federal insurance protections as the deposits behind them.
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The distinction is subtle but significant. Stablecoins like USDC are liabilities of the issuer (Circle, in that case). Tokenized deposits remain liabilities of the bank itself. For institutional players and regulators, that’s a meaningful difference in risk profile.
How LayerZero and Keeta make it work LayerZero’s role here is straightforward but critical. Its messaging protocol allows these tokenized deposits to move natively between chains rather than relying on wrapped assets or centralized bridges. The protocol is currently live on Solana’s mainnet beta and connects with Ethereum, Base, Avalanche, Polygon, Arbitrum, Optimism, and BNB Chain, among others.
Native transfers matter because wrapped tokens introduce counterparty risk. Every time you wrap an asset to bridge it, you’re trusting the bridge operator to actually hold the underlying token. LayerZero’s approach lets the asset move without that intermediary step, which is a big deal when the asset in question is supposed to represent insured bank deposits.
Keeta brings the payments infrastructure to the table. The Layer-1 blockchain claims to support millions of transactions per second with sub-second settlement times. Keeta’s native token is KTA, while LayerZero operates with its ZRO utility and governance token.
Why this partnership matters for the broader market Investors should pay attention to the competitive dynamics here. JPMorgan has been experimenting with tokenized deposits through its Onyx platform. Citigroup has run pilots.
No specific transaction volumes or total value locked figures are available for the partnership yet, which means the market is pricing this on potential rather than proven traction.
One risk worth flagging: the success of tokenized deposits depends heavily on banks actually participating. LayerZero and Keeta can build the pipes, but someone has to turn on the water. The partnership creates the technical capability for cross-chain deposit transfers, but adoption will ultimately be driven by whether regulated financial institutions see enough demand and enough regulatory clarity to commit.
For traders watching the ZRO and KTA tokens, the near-term catalyst is clear. Every new institutional partnership or bank integration announcement will likely move these assets. Given that global bank deposits measure in the tens of trillions, even capturing a fraction of that flow would be transformative for any protocol involved.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Tesla's losses widened to 12% in early trading, weighed down by negative free cash flow.
According to BIT (bit.com) market data, Tesla’s early-session losses widened to 12%, trading at $329.015 per share, with a total market capitalization of $1.24 trillion. This morning, Tesla released its second-quarter (Q2) financial results: revenue reached $28.24 billion, exceeding market expectations and rising 26% year-over-year, marking its first year-over-year revenue growth rate above 20% in three years. However, Q2 operating profit was only $398 million, far below the market consensus of $1.39 billion; adjusted earnings per share (EPS) came in at $0.33, down 18% year-over-year and also missing forecasts significantly. Notably, Tesla’s Q2 free cash flow stood at -$1.09 billion, its first quarterly negative figure since Q1 2024.
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The US stock market's optical communication sector rose across the board, with Lumentum and AAOI gaining more than 7%.
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$BTC ETFs +$709.47M, $ETH ETFs +$160.63M in 7-day inflows
Fourth security incident today: A PancakeSwap liquidity provider (LP) granted a malicious approval, resulting in losses of approximately $2.96 million.
According to Specter’s monitoring, a long-inactive PancakeSwap liquidity provider (LP) suffered a loss of roughly $2.96 million after signing a malicious EIP-7702 authorization. The attacker drained approximately $1.48 million in BSC-USD and $1.48 million in BUSD liquidity provided by the victim, then swapped the BUSD for ETH. To date, the attacker has deposited around $1.46 million into Tornado Cash, with the remaining roughly $1.48 million in USDT still held in the attacker’s address.
JIMOTHY Sets a New All-Time HighThe Solana memecoin known as JIMOTHY (solana:Ge87EtsjwRQbHaqQmKRno69RFTwh9bfSsm99XNxTpump) surged 36% over the past 24 hours, pushing its price to a new all-time high of $0.044. The token's market cap briefly climbed to $44.6 million as the Jimothy rally entered a fresh phase, driven by widening mainstream attention.
The token is named after a real raccoon living in Seattle's Ballard neighborhood. The animal, which appears to have short spine syndrome, went viral in mid-July 2026 after local resident Kiana Hall filmed it near a Goodwill store. Anonymous developers launched the token on Pumpfun within days of the original video spreading online, and it quickly filled its bonding curve before graduating to PumpSwap, where it now trades against SOL on Solana decentralized exchanges.
Brand Accounts Pour Fuel on the FireThe latest leg higher has been partly credited to social media posts from major consumer brands. Pizza Hut, Burger King, Mountain Dew, and others joined the Jimothy conversation online, amplifying the trend well beyond crypto-native audiences and drawing a fresh wave of retail interest to the token.
This follows an already remarkable run. According to BeInCrypto, JIMOTHY jumped 186% in a single 24-hour window earlier in the rally cycle, with trading volume topping $36 million during its busiest stretch. The broader cultural moment has also extended offline: Seattle's city council is reported to have planned a formal "Jimothy Summer" proclamation for July 26, 2026, giving the meme an unusual degree of civic legitimacy.
Still, analysts caution that attention-driven tokens carry significant risk. The token has no whitepaper and no official connection to the raccoon or the city. Its price moves on narrative alone, and most Pumpfun launches lose the bulk of their value within days of peaking. Traders should weigh the momentum against the well-documented volatility of viral meme coins before taking a position.
Sources:
BeInCrypto via Yahoo Finance: Jimothy The Raccoon Solana Token Climbs 186% After Viral Meme Fame
Phemex: What Is Jimothy the Raccoon (JIMOTHY) Meme Coin
CryptoNews.net: What Is Jimothy Memecoin?
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
The total value of tokenized equity on the Solana blockchain has reached a new milestone, surpassing $500 million and setting an all-time high. This development highlights the growing adoption and integration of tokenized equities within the Solana ecosystem. The rapid expansion of this market underscores Solana’s dominant position in the realm of on-chain finance, particularly in tokenized assets. The broader real-world asset market on Solana has also experienced significant growth, with tokenized equities representing a substantial portion of the total volume.
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The increase in tokenized equity value is reflective of Solana’s strengthening position in the decentralized finance landscape. Solana has been reported to control a substantial majority of tokenized stock transactions across various blockchain platforms. This surge in tokenized equity value comes amid Solana’s continuous efforts to enhance its network capabilities and expand its reach in the financial markets.
Key Takeaways The record-setting value of tokenized equity on Solana suggests increasing interest and investment in the platform’s ecosystem. Solana commands a significant share of tokenized stock transactions, reinforcing its competitive position in the on-chain finance sector. The expansion of Solana’s tokenized asset market may indicate further growth potential in the real-world assets segment. What to Watch Observers will focus on Solana’s continued ability to attract and retain investment in tokenized equities, as further increases could support scenarios where Solana’s price approaches or exceeds $90 in July. Developments such as regulatory changes, technological upgrades, or partnerships that enhance Solana’s market infrastructure could influence market perceptions. Market participants will also be monitoring broader financial and economic conditions, as these external factors could impact Solana’s market dynamics and future pricing scenarios.
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Contract Odds Δ since publish Volume 24h August 1 2026 5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.5% — — View market → August 1 2026 0.4% — — View market → August 1 2026 2% — — View market → August 1 2026 0.4% — — View market → August 1 2026 2.8% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.1% — — View market → August 1 2026 19.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market →
Quick Overview While XRP commands a larger market capitalization at approximately $69B compared to Solana’s $45B, Solana demonstrates significantly broader onchain utility With roughly 38 billion tokens yet to enter circulation, XRP faces a fully diluted valuation approaching $111B By May, Solana’s network hosted over $2.8B in real-world assets alongside approximately $16.4B in stablecoin liquidity Galaxy Digital received $50M in commercial paper from J.P. Morgan directly on Solana’s blockchain using USDC settlement XRP Ledger hosted a collaborative pilot involving Ripple, J.P. Morgan’s Kinexys platform, Mastercard, and Ondo Finance centered on tokenized Treasury products Among the largest digital assets beyond Bitcoin and Ethereum, XRP and Solana stand out as major players drawing significant institutional attention. Despite their prominence, these networks serve fundamentally distinct purposes in the crypto landscape.
XRP functions primarily as a cross-border payment solution and settlement layer for financial institutions. Conversely, Solana operates as a comprehensive blockchain platform enabling decentralized trading venues, digital dollar infrastructure, asset tokenization protocols, and mainstream applications.
Market Capitalization Analysis Currently, XRP maintains a market capitalization hovering around $69 billion, while Solana registers approximately $45 billion. From this perspective, XRP appears to command greater market recognition.
However, examining fully diluted valuations reveals a more nuanced picture. XRP’s FDV extends to roughly $111 billion due to approximately 38 billion tokens remaining outside active circulation. In contrast, Solana has approximately 583 million of its 631 million maximum token supply already in circulation, resulting in minimal FDV divergence from current market cap.
This positioning provides Solana with a more transparent valuation framework. While XRP doesn’t face traditional inflation mechanisms—all 100 billion tokens were created at genesis—the substantial locked supply presents ongoing dilution considerations for investors.
Corporate and Banking Partnerships Recent months have witnessed both blockchain networks securing meaningful institutional engagement.
Ripple collaborated with J.P. Morgan’s Kinexys infrastructure, alongside Mastercard and Ondo Finance, executing a proof-of-concept demonstrating accelerated redemption processes for tokenized U.S. Treasury instruments on the XRP Ledger. Notably, portions of the settlement workflow still required conventional banking channels.
For Solana, J.P. Morgan facilitated a $50 million commercial paper issuance for Galaxy Digital executed entirely on-chain. Coinbase and Franklin Templeton served as purchasing entities. The entire transaction lifecycle—issuance through redemption—occurred on Solana using USDC stablecoin infrastructure.
Additionally, data from the Solana Foundation indicates the network captured 97% of all cumulative on-chain tokenized equity trading volume.
Platform Development and Investment Considerations May ecosystem metrics for Solana revealed real-world asset values exceeding $2.8 billion, complemented by stablecoin reserves totaling approximately $16.4 billion.
XRP’s competitive advantage lies in its specialized application focus. Payment rails, international money transfers, and institutional settlement represent clear, well-defined value propositions. Ripple has simultaneously diversified into custody services, stablecoin products, and tokenized financial instruments.
Solana presents higher volatility characteristics. Token value correlates directly with ongoing network usage, developer engagement, and stablecoin ecosystem expansion. Declining transaction activity could materially impact token demand fundamentals.
For risk-averse investors, XRP potentially delivers a more stable investment narrative. Its payment-centric positioning provides clarity, supported by a permanently capped token supply.
Investors comfortable with elevated volatility will find Solana offers multiple expanding growth vectors spanning stablecoins, tokenization infrastructure, and institutional financial applications. Additionally, Solana presents superior fully diluted valuation transparency alongside robust ecosystem development momentum as 2025 progresses.
XRP and Solana continue to dominate the digital asset sector, capturing attention from major financial institutions while serving noticeably different roles within the blockchain ecosystem.
Distinct purposes and market positionXRP operates mainly as a cross-border payments and settlement system, focusing on facilitating fast transfers for banks and financial entities. Managed by Ripple, a fintech company known for developing enterprise blockchain solutions, XRP aims to provide efficient global money movement for its clients.
Solana, meanwhile, functions as a versatile blockchain platform prioritizing high-speed decentralized applications (dApps), digital dollar infrastructure, asset tokenization, and mainstream adoption. The network is widely recognized for its rapid transaction throughput and broad application scope.
Currently, XRP holds a market capitalization of roughly $69 billion, ahead of Solana’s $45 billion. This margin implies greater market acknowledgment for XRP within the broader cryptocurrency space.
Differences in token supply and valuationA look at fully diluted valuation (FDV) illustrates a deeper contrast between the two assets. XRP’s FDV sits at around $111 billion because approximately 38 billion tokens remain outside active circulation. In comparison, Solana has already placed about 583 million of its total 631 million coins in circulation, leading to only a minor gap between its current market cap and FDV.
This fully circulating supply framework provides Solana with more transparent and predictable valuation metrics. Although XRP has a fixed supply of 100 billion tokens—created at the outset and not subject to ongoing inflation—the sizeable reserved supply still poses potential dilution risks for holders.
AssetMarket CapFully Diluted ValuationCirculating SupplyMax SupplyXRP$69 billion$111 billion~62 billion100 billionSolana$45 billion~$45 billion~583 million631 millionInstitutional partnerships and real-world adoptionBoth blockchains have drawn significant corporate and banking partnerships in recent months. Ripple joined forces with J.P. Morgan’s Kinexys platform, Mastercard, and Ondo Finance to run a proof-of-concept on the XRP Ledger. This project showcased swift redemption for tokenized US Treasury products, although some settlement steps still relied on traditional bank infrastructure.
J.P. Morgan also executed a $50 million commercial paper issuance for Galaxy Digital on Solana, with Coinbase and Franklin Templeton participating as buyers. Remarkably, the entire process—from creation to redemption—occurred on Solana’s blockchain, using USDC stablecoin technology.
Data provided by the Solana Foundation revealed that Solana captured 97% of all onchain tokenized equity trading volume, underlining growing institutional interest in the platform.
Mini dictionary: Galaxy Digital is a financial services firm specializing in digital assets, cryptocurrency investments, and blockchain technology.
Solana hosted over $2.8 billion in real-world assets by May, while its stablecoin liquidity reached approximately $16.4 billion, highlighting the breadth of its onchain financial activity.
Investor perspectives and risk factorsXRP offers stability rooted in its established use case as a platform for international payments and institutional settlements. Ripple has also branched into related areas, including custody, stablecoins, and tokenized finance, further broadening its appeal to the financial sector.
Solana, by contrast, presents more pronounced volatility. The token’s value remains closely tied to network usage, developer participation, and expansion in the stablecoin segment. Any downturn in transaction activity could directly affect demand and price performance.
XRP may appeal to conservative investors seeking a stable, payment-driven narrative, benefitting from permanently capped supply. Alternatively, Solana attracts those comfortable with risk and eager to capitalize on growth prospects in tokenization, stablecoins, and institutional blockchain integrations.
Investors evaluating long-term value in $SOL or $XRP must consider both tokens’ network activity, real-world partnerships, and supply dynamics as 2025 approaches.
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.
BancaStato Opens Crypto Trading Through Sygnum PartnershipBancaStato, the cantonal bank serving Switzerland's Italian-speaking Ticino region, has joined Sygnum's business-to-business (B2B) banking platform to offer crypto asset services. The integration allows BancaStato customers to buy, sell, and hold four crypto assets, including $BTC, $ETH, $LTC, and $SOL, through the bank's existing web and mobile banking apps.
Market orders can be entered by asset quantity or cash value, allowing customers to manage crypto positions alongside their traditional portfolios. BancaStato clients gain exposure to these assets through a regulated channel rather than a standalone exchange, and their holdings rest in Sygnum's custody rather than on the bank's own balance sheet.
A Streamlined Technical SetupThe integration connects Sygnum's API directly to Avaloq's platform, allowing customers to access crypto trading from their existing banking app. The setup also removes the need for a separate order management system, which the companies said reduces operational complexity and makes it easier to add new features.
According to Fritz Jost, Sygnum's chief B2B officer, BancaStato is the first bank using Avaloq's software-as-a-service platform to let customers buy, hold, and sell crypto assets through its e-banking platforms using Sygnum's API.
BancaStato joins more than 25 financial institutions using Sygnum's B2B platform to offer regulated digital asset services. Sygnum said its partner banks give more than a third of the Swiss population a route to own digital assets. The move also fits a broader trend among Swiss lenders. Zürcher Kantonalbank, the country's fourth-largest bank, has rolled out Bitcoin trading and custody, while St. Galler Kantonalbank opened Bitcoin buying and custody to retail clients.
Sygnum holds a Swiss banking license and, since June 30, 2026, a Crypto-Asset Service Provider license under the EU's Markets in Crypto-Assets Regulation, granted by Liechtenstein's Financial Market Authority.
Sources:
Cointelegraph: BancaStato Launches Bitcoin Trading With Sygnum
CryptoAdventure: BancaStato Adds Bitcoin, Ether, Litecoin And Solana Trading Through Sygnum
Service launch broadens Swiss banking access to regulated cryptocurrency products.
A Swiss cantonal financial institution, BancaStato, has introduced regulated digital currency trading capabilities within its banking applications by leveraging Sygnum’s cryptocurrency infrastructure alongside Avaloq’s banking technology. This new functionality enables account holders to purchase, store, and liquidate Bitcoin, Ethereum, Solana, and Litecoin directly through the bank’s current web and mobile interfaces. The implementation strengthens BancaStato’s digital investment portfolio while maintaining cryptocurrency services within its supervised banking framework.
Cryptocurrency Trading Embedded Within BancaStato’s Banking Infrastructure The integration was achieved by connecting Sygnum’s business-to-business application programming interface with BancaStato’s Avaloq core banking system. Account holders gain access to digital currency trading using the identical applications they currently utilize for traditional banking and investment activities. By incorporating digital assets directly into established services, the financial institution eliminated the necessity for a standalone trading interface.
Upon release, BancaStato provides trading capabilities for Bitcoin, Ethereum, Solana, and Litecoin. Account holders can place market orders denominated in either cryptocurrency units or corresponding U.S. dollar amounts. The bank maintains portfolio oversight within its established digital banking interface.
Sygnum processes all cryptocurrency transactions via its regulated infrastructure while delivering institutional-quality custody solutions. The custody architecture incorporates hardware security, software safeguards, governance protocols, and independent auditing. Furthermore, client digital assets are maintained separately from the institution’s balance sheet in accordance with regulatory mandates.
Digital Asset Services Extended Through Sygnum’s Banking Infrastructure This deployment positions BancaStato among over 25 financial institutions utilizing Sygnum’s business-to-business banking infrastructure. The implementation designates the bank as the inaugural institution on Avaloq’s software-as-a-service platform to activate Sygnum-facilitated crypto trading via direct API connectivity. This methodology diminishes operational intricacy by eliminating separate order management system requirements.
The streamlined architecture enables BancaStato to modify trading capabilities while preserving its existing banking infrastructure. The framework facilitates risk oversight without introducing supplementary operational tiers. Account holders administer conventional investments alongside digital assets through a unified banking relationship instead of disparate platforms.
Established in 1915, BancaStato provides financial services throughout the Canton of Ticino in southern Switzerland. The institution continues broadening its investment product range while preserving its regulated banking framework. The cryptocurrency integration incorporates digital assets without altering the customer interface across its digital channels.
Industry Context for BancaStato’s Digital Asset Integration Sygnum maintains its expansion of regulated digital asset infrastructure for financial institutions throughout Switzerland and broader Europe. Its collaborative network currently delivers digital asset access to over one-third of Switzerland’s population via affiliated banking institutions. Prior integrations encompass entities including PostFinance, Zuger Kantonalbank, Bordier & Cie, and SocGen FORGE.
The infrastructure has experienced consistent growth in recent years as conventional banks enhanced digital asset product offerings. Earlier implementations revealed significant demand from banking clientele utilizing integrated cryptocurrency services in conjunction with traditional financial instruments. PostFinance subsequently broadened its Sygnum-enabled service portfolio by introducing Ethereum staking capabilities through its established banking platforms.
The BancaStato deployment represents another significant achievement for Sygnum’s European activities. On June 30, 2026, Sygnum Europe obtained Crypto-Asset Service Provider authorization under the European Union’s Markets in Crypto-Assets Regulation via Liechtenstein’s Financial Market Authority. This regulatory approval enhances supervised digital asset services for banking institutions across the European Union while facilitating future growth through proven banking infrastructure.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
Mubadala Capital has launched a tokenized version of one of its private markets strategies for qualified investors, using infrastructure from UAE-based tokenization firm KAIO.The fund, available on Coinbase’s Base network, Solana and Sui, has already attracted about $75 million in onchain assets, and Coinbase is taking exposure to it on its own balance sheet.Mubadala’s move adds to a growing wave of major asset managers embracing tokenized funds, as Wall Street projects trillions of dollars in tokenized securities and the UAE positions itself as a hub for tokenized finance.Mubadala Capital has brought one of its private markets investment funds onchain, making the asset management arm of Abu Dhabi's sovereign wealth fund one of the latest major financial firms to embrace tokenization.
The alternative asset manager, which oversees about $430 billion in assets, said Thursday it launched a tokenized version of one of its private markets strategies for qualified investors using infrastructure from KAIO, a UAE-based tokenization specialist.
The fund is available on Coinbase's Base network, Solana and Sui and has already attracted about $75 million in onchain assets, according to the companies.
Coinbase (COIN) is also taking exposure to the fund on its own balance sheet, an early example of a publicly traded crypto company investing in a tokenized private markets product. The companies didn't disclose the size of the investment.
The move adds Mubadala Capital, which administers over $430 billion in assets, to a growing list of major investment firms putting funds on blockchain rails. BlackRock, Franklin Templeton, Apollo, Fidelity, Janus Henderson and most recently Invesco have all launched or expanded tokenized fund offerings, mostly focused on U.S. Treasuries, money market funds and private credit.
Tokenization has become one of the fastest-growing corners of digital assets as traditional finance firms look to modernize fund infrastructure. Citi recently projected that tokenized securities could grow to roughly $5.5 trillion by 2030, while Boston Consulting Group and Ripple estimate tokenized assets across all asset classes could reach $18.9 trillion by 2033.
Creating blockchain-based tokens of existing funds could help broaden access to a new set of investors and open the door for fund shares to be used as collateral or plugged into other onchain financial applications.
For this particular case, KAIO provides the infrastructure that issues and administers Mubadala Capital’s tokenized fund. The company said Mubadala joins firms including Hamilton Lane, Brevan Howard and Laser Digital that use its platform to distribute investment products onchain, and currently has $144 million in tokenized funds on its platform.
“This strategy was built on differentiated access — to deal flow, to co-investment, to a global network that most investors cannot reach on their own," Max Franzetti, head of Mubadala Capital Solutions, said in a statement. “Bringing it onchain extends that access to a new class of qualified investors without compromising the institutional discipline that defines how we invest.”
Brett Tejpaul, head of Coinbase Institutional, said that Coinbase adding the fund to its corporate balance sheet investment is a reflection of growing interest in regulated tokenized assets as treasury holdings. “As regulated assets become programmable, they can become part of a broader onchain economy that is more transparent, composable and accessible to qualified investors in eligible jurisdictions.”
The launch also fits into the UAE's broader ambition to become a hub for tokenized finance. Abu Dhabi and Dubai have emerged as some of the most active jurisdictions for digital assets, with regulators rolling out crypto frameworks while banks, sovereign-backed investors and financial firms increasingly experiment with tokenized funds, bonds and stablecoins.
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Crypto Flows, Share and the Selective Rotation
Crypto Flows, Share and the Selective Rotation
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
22 hours ago
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Why it matters:
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Solana has demonstrated resilience against both the U.S. dollar and Bitcoin, attracting attention from market analysts tracking two key bullish patterns developing on different timeframes. With support consolidating in the $74 to $76 region, technical observers believe Solana could target a move toward $94 if buying momentum continues to build.
SOL/BTC pair tests critical supportSolana’s performance against Bitcoin has become a focal point for traders seeking signs of relative strength. The SOL/BTC trading pair is currently positioned at a long-term support zone, a price area that once acted as resistance during 2021’s notable market cycle. This level has sparked speculation among analysts regarding a potential trend reversal.
CryptoCurb, a cryptocurrency market analyst, identified that the SOL/BTC pair may have established a price bottom. According to this view, the pair would need to maintain support around 0.0010 to 0.0012 BTC and break through its multiyear descending trendline. If SOL/BTC can reclaim 0.0015 BTC and then target 0.0020 BTC, it would signal an upward momentum shift in Solana’s favor.
CryptoCurb points out that holding key support near 0.0010 BTC, followed by a reclaim of higher levels, would provide evidence that Solana is regaining strength relative to Bitcoin.
Despite early bullish signals, the potential for a sustained rise remains speculative. A close below the critical support zone on the monthly chart would invalidate the bullish scenario and imply ongoing weakness compared to Bitcoin.
LevelSupport/ResistanceConfirmation0.0010–0.0012 BTCSupportHold signals potential bottom0.0015 BTCKey resistanceBreakout confirms momentum shift0.0020 BTCHigher resistanceFurther confirmation of reversal Mini dictionary: CryptoCurb is a pseudonymous market analyst known for technical analysis of major crypto assets, often focusing on trend reversals and support/resistance levels.
Short-term price setup remains bullishOn the shorter timeframe, Solana has managed to break out above a four-hour bull flag, a technical chart formation that suggests bullish continuation if confirmed. Analyst BATMAN highlighted that Solana has maintained its position above the 200-period exponential moving average (EMA), supporting a positive outlook for the immediate future.
The consolidation zone around $74 to $76, which includes the 200 EMA and the area where the previous breakout occurred, remains the primary support for Solana’s price. Maintaining this range could lead to new upward moves, with interim targets around $82 to $84 and a key resistance projection at the $94 level.
BATMAN emphasizes that as long as Solana retains support above its 200 EMA and key breakout zones, the bullish structure remains intact for a possible run toward $94.
However, the ongoing rally requires renewed buying activity. If Solana drops below the 200 EMA and loses support at $74, the bullish thesis may no longer hold, exposing the cryptocurrency to further downside toward $72 and $68.
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.
Europe concentrates more than two-thirds of block production on Solana, according to data released by Glassnode on July 22, 2026. Frankfurt dominates this geography and shows latency significantly lower than that of the US East Coast. Does this operational lead indicate a lasting regional dependency?
In Brief Glassnode measured 67% of Solana blocks produced in Europe during the epoch observed on July 22, 2026. The dashboard showed 68.5% of leader slots in Europe on July 23, including 25.9% in Frankfurt. The announced average latency reached 72 milliseconds from Frankfurt, compared to 140 milliseconds from the US East Coast. Europe Takes the Lead in Solana Block Production The Solana validator map is evolving quickly. After the decline in the number of Solana validators observed in recent years, their geographical deployment now offers another perspective on the network’s structure. On July 22, 2026, Glassnode indicated that Europe produced 67% of the blocks during the ongoing epoch.
In its July 22 publication, the analytics firm specifies that Solana assigns block production to a new leader every 1.6 seconds. This rapid rotation gives particular operational weight to zones that group a large share of selected validators and the associated stake.
“Solana entrusts block production to a new leader every 1.6 seconds. During this epoch, 67% of blocks are produced in Europe,” Glassnode stated.
The snapshot has evolved slightly since this announcement. Accessed on July 23 at 8:46 am, the Glassnode dashboard attributed 68.5% of the 432,000 leader slots from epoch 1006 to Europe, approximately 296,000 slots. North America followed with 20.4%, ahead of Asia at 10.5%.
Germany held first place with 26.7% of the slots, just ahead of the Netherlands at 21.5%. On the city scale, Frankfurt accounted for 25.9% of the total, Amsterdam 21%, and London 12.4%. These figures measure the distribution of production slots, not simply the raw number of machines.
Frankfurt Widens the Gap on Network Latency Proximity to leaders reduces the time required to transmit data to the network. Glassnode noted an average latency of 72 milliseconds from Frankfurt, compared to about 140 milliseconds from the US East Coast in its July 22 survey. The gap thus reached 68 milliseconds.
This difference mainly matters for actors sensitive to execution speed. Market makers, infrastructure operators, decentralized platforms, and some traders seek to accelerate the propagation of their transactions. A location closer to leaders can then improve connection regularity and limit routing delays.
The article shared by Bitget points out that ordinary users should barely notice this difference in their routine operations. However, a few tens of milliseconds can weigh more when several actors try to interact with the same block or execute an automated strategy.
Glassnode’s monitor measures QUIC exchanges with about 760 voting validators on the main network. It also tracks leader rotation and compares several connection points, including Amsterdam, Frankfurt, London, Dublin, New York, Tokyo, and Singapore. The tool thus transforms validator geography into exploitable data to choose a server location or adjust RPC routing.
Regional Dominance Does Not Prove Centralization European concentration describes the current epoch, but it does not alone prove network takeover. On Solana, the leader schedule changes across epochs and depends notably on stake.
Geographical distribution can therefore vary without the ownership of validators or governance shifting to a single region. The nuance remains important. A 68.5% indicator reveals strong operational concentration at a given moment.
However, it does not allow identifying node owners, their economic independence, or the diversity of their hosting providers. These elements must be cross-referenced before drawing a conclusion about Solana’s decentralization.
The data nonetheless highlights the role of major European hubs. Frankfurt, Amsterdam, and London accounted for 59.3% of leader slots displayed by Glassnode on July 23. This concentration can guide operator deployment choices but also invites the ecosystem to monitor its persistence from epoch to epoch.
For developers and institutions, the main takeaway remains practical. An application’s performance depends not only on the protocol or fees but also on routing quality, distance from active validators, and the infrastructure’s capacity to adapt to leader relocation.
In short, Glassnode’s figures place Europe at the operational center of Solana for the observed epoch, with Frankfurt at the forefront. Future leader rotation, stake evolution, and geographical diversification will show if this advantage settles. At the same time, the rise of tokenized assets on Solana increases network reliability demands and puts infrastructure in the spotlight.
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Fenelon L.
Passionné par le Bitcoin, j'aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l'outil qui peut rendre cela possible.
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.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
U.S. spot Solana ETFs recorded $5.83 million in net inflows on July 21, marking their highest daily inflows in 14 days. Bitwise’s Solana Staking ETF ($BSOL) accounted for all $5.83 million in net inflows during the session, while the other U.S. spot Solana ETFs recorded no net flows.
The latest figures extend a July recovery after Solana ETFs posted their first negative month in June. The funds recorded $786,580 in net outflows that month, ending their previous run of positive monthly flows.
July has reversed that trend so far. U.S. spot Solana ETFs have attracted $13.07 million in net inflows so far this month, bringing cumulative historical net inflows to $1.146 billion.
Grayscale Plans Regular Cash Payouts From SOL Staking Rewards Grayscale is also preparing to change how investors receive staking rewards from its Solana and Ethereum exchange-traded products. In Form 8-K filings with the U.S. Securities and Exchange Commission, Grayscale said it plans to amend the trust agreements governing the Grayscale Solana Staking ETF ($GSOL) and Grayscale Ethereum Staking ETF ($ETHE) around August 7.
Under the proposed framework, each trust would convert staking rewards into cash at least quarterly and distribute the net proceeds to shareholders. This structure would give traditional investors access to staking yield without requiring them to hold crypto directly, select validators, or manage staking operations.
Grayscale cautioned that payout amounts will vary based on staking rewards, network conditions, assets staked, and trust expenses. The trusts may also deduct certain costs, including portions of staking rewards paid to the sponsor for facilitating staking activities.
Grayscale enabled staking for its $ETH and $SOL products on October 6, 2025, becoming the first U.S. crypto fund issuer to add staking to spot crypto ETPs. It made its first $ETHE staking distribution on January 5, paying approximately $0.08 per share.
As of July 21, $GSOL reports gross staking rewards of 6.10%, compared with 2.69% for $ETHE. $GSOL currently holds $102.2 million in net assets, while ETHE held $1.22 billion.
Grayscale said the amendments aim to maintain compliance with IRS rules that allow the funds to earn staking rewards without losing their current tax treatment. It has given shareholders 20 days’ notice and plans to provide additional details after the changes take effect.
T. Rowe Price Adds $SOL to Active Multi-Token ETF Institutional access to Solana is also expanding beyond single-asset ETFs. T. Rowe Price, which manages $1.89 trillion in assets, launched the T. Rowe Price Active Crypto ETF ($TKNZ) on NYSE Arca on July 16. The firm describes $TKNZ as the industry’s first actively managed multi-token spot exchange-traded product.
The fund can invest across an eligible universe that includes Bitcoin, Ethereum, $BNB, $XRP, Solana, Hyperliquid, and other crypto assets. Unlike single-token or passively managed products, $TKNZ uses active management to adjust exposure around market trends, momentum, and rotations between crypto assets.
$TKNZ carries a 0.75% management fee after a fee waiver effective through May 31, 2027.The launch expands T. Rowe Price’s active exchange-traded lineup to 34 products and marks its first offering focused on digital assets.
As Solana and other networks deepen regulatory engagement and expand real-world asset infrastructure, their growing presence in regulated investment products could provide another route for institutional capital to gain exposure.
Read More on SolanaFloor Melee Markets Unveils New Spin on Prediction Markets Through Novel PMM Model
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Morgan Stanley is making headway in the crypto investment landscape. The financial giant has filed the final paperwork with the SEC for its Solana (MSOL) and Ethereum (MSSE) staking ETFs. This filing represents a pivotal step toward listing these products on the NYSE Arca, and it’s a sign Morgan Stanley is serious about capturing a slice of the burgeoning crypto market.
The details The road to these filings began in January 2026 when Morgan Stanley submitted initial registration statements for its spot Ethereum and Solana ETFs. Spot products, for the uninitiated, hold the actual underlying assets—in this case, Solana and Ethereum. This means investors can expect the ETFs to mimic the performance of these tokens more closely than many existing derivative-based products.
In June 2026, the firm made significant amendments to the ETFs. They introduced a competitive 0.14% annual unitary sponsor fee, the lowest in its category, making these ETFs highly attractive to fee-sensitive investors. What’s more, 95% of the staking rewards are pledged to be passed directly to shareholders. For those less familiar, staking rewards are earnings on locked cryptocurrencies that validate transactions on their respective blockchains.
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Then came the July 2026 filings. These solidified the operational groundwork by appointing Coinbase Prime and BNY Mellon as custodians, ensuring the safekeeping of assets. The paperwork reviewed throughout July shows Morgan Stanley poised to introduce these innovative staking ETFs to a broader market, aligning with final registration steps required for exchange trading.
Background We aren’t new to Morgan Stanley’s digital asset endeavors. The financial titan first delved into crypto with Bitcoin ETF offerings prior to this move. Expanding its repertoire to include Ethereum and Solana showcases not just growing confidence in crypto investments but also a strategic embrace of on-chain yield mechanisms.
The company has navigated multiple regulatory amendments over 2026, underscoring its dedication to meeting compliance and leveraging its stature to bring legitimacy to these digital assets. In a world where institutional investors often shy away from crypto due to regulatory uncertainties and volatility, Morgan Stanley seems to be pushing the envelope.
What this means for investors Morgan Stanley’s spot ETFs for Solana and Ethereum could mark a significant shift in the crypto market dynamics. They do more than just offer exposure to crypto price movements; they integrate on-chain rewards through staking. For institutional investors, this could serve as the gateway product that balances exposure with yield potential—delivering both capital appreciation and income.
Additionally, the low 0.14% fee could set new industry benchmarks, pressuring other firms to reassess their pricing models. Investors might see a domino effect here, with other financial giants adopting similar structures to keep up.
The possibility of adding staking yield to ETFs provides an attractive value proposition, especially for income-focused investors seeking yield in a low-interest-rate environment. These products, if successfully listed, could elevate the market capitalization of Solana and Ethereum by drawing in fresh capital, ultimately fostering a richer and more diverse digital asset ecosystem.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Glassnode, a blockchain analytics company known for monitoring network performance, has reported a significant concentration of Solana validator activity in Europe during the current epoch. Data from the firm’s latency dashboard reveals that European nodes are responsible for 67% of the blocks produced in this period, with production notably centered around Frankfurt.
European validators dominate current Solana epochGlassnode’s latency dashboard tracks the geographic distribution and performance of Solana validators, highlighting that block leadership rotates rapidly, every 1.6 seconds. During this cycle, 67% of produced blocks are generated by validators located in Europe, especially in the Frankfurt area.
The analytics firm emphasized the importance of proximity to network leaders due to Solana’s fast-paced block production schedule. According to Glassnode, latency from Frankfurt averages 72 milliseconds, compared to approximately 140 milliseconds from the U.S. East Coast.
Solana, an open-source public blockchain focused on fast and inexpensive transactions, operates on a system where validators temporarily become the network’s leader. These validators propose new blocks in quick succession, which means network participants such as traders, decentralized application operators, and infrastructure providers often seek connections with the lowest possible latency. Optimizing latency is vital for transaction propagation and can be particularly valuable when network demand is high.
Mini dictionary: Solana epoch, a defined period in Solana’s blockchain timeline during which specific validator assignments are active. At the end of each epoch, roles may be reassigned based on the protocol’s rules and staking outcomes.
Solana’s rapid leader rotation every 1.6 seconds, paired with the current validator distribution, means that Frankfurt-based nodes deliver the lowest latency at 72 milliseconds, as reported by Glassnode.
RegionBlock Production ShareAverage Latency to LeaderEurope (Frankfurt)67%72 msU.S. East CoastNot specified140 msImplications of validator geography on network performanceSolana employs a proof-of-stake architecture, which is inherently different from proof-of-work models such as Bitcoin. In this system, validator geography can influence how quickly transactions are distributed and confirmed, as leader nodes temporarily control block production.
Despite the high proportion of block production from Europe in this epoch, Glassnode stated that temporary validator clustering does not demonstrate centralization of network ownership or control. Validator assignments shift with each epoch, leading to changing geographic patterns over time.
This flexible distribution ensures that the system’s governance and security remain protected while achieving high transaction throughput.
A temporary concentration of validators in a specific region reflects the current active validator schedule for the epoch and does not signal lasting centralization.
Benefits for developers and institutional usersThe current validator distribution is particularly relevant for organizations operating latency-sensitive applications, such as decentralized exchanges, infrastructure providers, and market makers. These participants rely on quick and reliable transaction execution, which is closely linked to network latency and validator proximity.
Retail participants may not notice significant differences in performance; however, optimal infrastructure helps maintain Solana’s standing as one of the fastest large-scale public blockchains available.
Glassnode’s dashboard enables developers to refine RPC routing and improve responsiveness, helping users and institutions gain more consistent network access without requiring protocol-level changes.
Growing focus on infrastructure monitoringGlassnode’s focus on latency and validator distribution demonstrates a growing industry trend toward operational transparency beyond token price movements. With more institutional users and decentralized applications entering the ecosystem, efficient infrastructure and up-to-date metrics around validator activity become crucial.
Currently, there are no regulatory updates or ETF announcements tied to Solana’s validator distribution. The data instead serves to inform market participants and operators about real-time network dynamics, supporting better strategic and infrastructure decisions.
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.
Governance in DeFi is only as credible as the rules behind it. Hey Anon, the AI-driven DeFi agent launchpad, spelled those rules out clearly on July 22, announcing the eligibility criteria that will determine who gets a say in its upcoming DAO vote scheduled for July 23, 2026.
The criteria are specific: ANON token holders qualify to vote if their tokens are staked on Sonic, Base, Ethereum, or Solana, or locked in Kava contracts. Silo deposits and liquidity provider positions on Solana are explicitly excluded from the count.
What qualifies and what does not Kava contracts are included in the eligible set, with one carve-out. Silo deposits on Kava do not qualify, drawing the same logic as LP exclusions.
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The ANON token has a total supply of 20.8 million, with vesting schedules that run through 2029. That relatively tight supply, combined with staking requirements for governance participation, means the pool of eligible voters is deliberately concentrated among long-term aligned holders.
Anon DAO’s governance arc This is not Hey Anon’s first DAO vote. The project ran its initial governance vote in January 2025, establishing the multi-chain framework that tomorrow’s vote builds on.
The project currently integrates with over 18 blockchain networks and 25 DeFi protocols. Developers working within the ecosystem have access to Automate, a TypeScript framework that facilitates protocol integration.
ANON is positioned as the primary governance token for Anon DAO, giving holders influence over platform development decisions and broader ecosystem resource allocation. The token also unlocks discounted access to services within the platform.
What this means for ANON holders The most immediate implication is behavioral. If you hold ANON in an LP position or in a Silo deposit, tomorrow’s vote does not include you.
What to watch after July 23 is whether the vote outcome shapes the next eligibility revision. With vesting schedules running to 2029, the composition of the eligible voter base will shift as more tokens unlock.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
A Solana memecoin built around a man in a deadpan cat suit has gone from two weeks of near-silence to one of the more eye-catching single-day moves in the trench. $KET, traded via @ket_on_solana, surged roughly 700% in 24 hours on @Pumpfun, tagging a $14 million market cap high before cooling to around $8.4 million, approximately a third below the peak.
The Numbers Behind the Move The price action came with real activity on both sides of the order book. The session recorded 20,040 buys against 18,986 sells, with buy volume edging sells only marginally. That kind of balance matters in a space where one-sided tapes tend to collapse fast. The token's audit profile is cleaner than many comparable launches: 3,652 holders, the top 10 wallets controlling 31.6% of supply, and the @ket_on_solana developer wallet sitting at zero, a detail that removes one of the more common red flags traders watch for in early-stage Solana tokens.
$KET has also cleared a meaningful structural milestone by graduating to PumpSwap. PumpSwap is a Solana AMM designed to complete the Pump.fun token lifecycle by moving assets from bonding curve trading into post-graduation liquidity pools. At graduation, the liquidity from the bonding curve gets locked into a PumpSwap pool, with LP tokens burned, meaning that specific liquidity can never be pulled, which prevents rug pulls on the migration liquidity. For a token still finding its footing, that structural lock matters.
Context and Risk The broader backdrop is worth keeping in mind. Pump.fun is a no-code Solana platform that lets anyone launch memecoins easily, making token creation fast, low-cost, and accessible to first-time users. That accessibility cuts both ways. Most memecoin buyers lose money, and the data is not close. Research firm Solidus Labs examined Pump.fun tokens launched before April 2025 that had at least five trades, and found 98.6% collapsed below $1,000 in remaining liquidity, the signature of a pump-and-dump that left late buyers holding nothing.
The $KET pitch has not changed with the price. It remains a man in a deadpan cat suit telling you not to be one. Whether the community behind that concept has the durability to hold attention beyond a single session is the only question that will matter from here. NFA.
Sources:
PumpSwap Review 2026: Pump.fun's Solana AMM, Bonding Curve Graduation, and Trader Risk (CryptoAdventure)
Solana Memecoins and Pump.fun Explained: Launches, Graduations, and the Real Odds (BloFin Academy)
Pump.fun Graduation Explained: How It Works (Sol Token Creator)
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Sandy Kaul, @FTDA_US head of digital assets and innovation at Franklin Templeton, argues that autonomous AI agents represent a structural shift in how economic activity flows, and that legacy payment infrastructure is not built to keep up.
Why Traditional Payment Rails Fall Short The core problem is one of economics. Standard card networks charge roughly 2% to 3% plus a flat fee per payment, making tiny machine-to-machine transactions commercially unviable. Card networks also settle in one to three business days, a timeline that is simply incompatible with software agents transacting in seconds at near-zero cost. Legacy payment rails with high fees and slow settlement times do not work for micropayments. AI agents also face a more fundamental barrier: they cannot open bank accounts or access financial services that carry strict KYC requirements.
Kaul's argument is that blockchain networks fill that gap directly. Blockchains can settle sub-cent transactions in seconds and automatically record them, making them the natural infrastructure for an agent-driven economy. She singles out @solana, @Aptos, and @BNBCHAIN as networks already suited to that role. Those networks settle transactions in seconds, faster than the one-to-three business-day settlement time of the Visa network.
Early Data Confirms the Pattern The activity is already showing up in on-chain data. The x402 protocol, incubated by Coinbase and Cloudflare and now stewarded by the Linux Foundation, has processed roughly $15 million in adjusted volume across 109.6 million transactions since its May 2025 launch. On x402, the average payment is a fraction of a cent, and a fixed card fee on a transaction that small would cost far more than the payment itself.
A joint report from Visa and Artemis, titled "Agentic Payments from the Ground Up," frames the moment as an inflection point. The report found that AI agents are initiating a foundational change in commerce, but current infrastructure gaps are limiting mainstream adoption. The volume figures are still modest by any macro standard, but the transaction frequency tells a different story. Tiny money, enormous frequency.
For investors, Kaul's broader point is a strategic one. Estimates suggest agentic commerce could reach $3 to $5 trillion by 2030, and the playbook of buying shares in AI-aligned companies may not capture that opportunity the same way exposure to the underlying blockchain rails could.
Sources:
Franklin Templeton: Agentic AI, The Killer Use Case for Blockchain and Crypto
Visa and Artemis: Agentic Payments from the Ground Up
CoinTelegraph: Agentic AI is Next Killer Use Case for Blockchain, Franklin Templeton
Flash Trade, a decentralized perpetual trading platform operating on the Solana network, experienced an exploit resulting in the unauthorized withdrawal of $98,000 in USDC. The incident took place on July 22 at 00:21 SGT and was linked to a validation flaw in the MagicBlock software development kit (SDK) used by the platform.
MagicBlock SDK flaw triggers unauthorized withdrawalThe exploit was traced to a vulnerability within the #[ephemeral] Anchor macro in the MagicBlock SDK, which handles callback processes for integrator smart contracts during undelegation requests. The flaw allowed an attacker to bypass undelegation checks by submitting a fabricated account designed to mimic a genuine user deposit.
Within a single transaction, the attacker’s account was used as the buffer for a sibling undelegation instruction. While the system correctly verified that the buffer was a signer owned by the delegation program, it failed to check that the buffer’s seeds matched the correct program-derived address. This oversight provided an opening for the exploit and resulted in the unauthorized withdrawal.
MagicBlock responded by reviewing other integrations that used the affected macro and notifying impacted projects. A patched version of the SDK, 0.16.2, now addresses the missing validation and is being recommended for immediate adoption by all integrators.
Mini dictionary: MagicBlock is a blockchain infrastructure company specializing in software tools and SDKs that enable fast and secure smart contract integration on Solana and other networks.
On July 22 at 00:21 SGT, Flash experienced an attack that resulted in a 98,000 USDC withdrawal from the platform. Flash’s batching and monitoring systems surfaced the activity immediately, and the team paused deposits and withdrawals within minutes.
According to statements from MagicBlock, the company has already worked with affected ecosystem participants to prevent similar incidents and is encouraging early upgrades to the patched SDK version.
Flash Trade reported that its new monitoring and batching systems flagged the unauthorized withdrawal within minutes, allowing the team to react quickly. All trading, deposits, and withdrawals were immediately paused as a precaution while the incident was investigated in coordination with MagicBlock.
Normal trading functions resumed within a few hours, but deposits and withdrawals remained offline for approximately 24 hours during a reconciliation process aimed at confirming all platform balances and ensuring user fund integrity. The team emphasized that this suspension was intentional to guarantee a full and accurate reconciliation.
Flash Trade and MagicBlock have jointly contributed to a reimbursement fund covering the entire affected amount, ensuring that users bear no losses resulting from the exploit.
Both Flash Trade and MagicBlock affirmed that they would fully cover the unauthorized withdrawals, guaranteeing that no user funds would be lost. The prompt response and full reimbursement have drawn praise from the broader Solana community.
Industry reaction and security recommendationsArmani Ferrante, CEO of Backpack, an established digital asset wallet provider, commented publicly on the incident. Ferrante identified the exploit as an example of system design weaknesses in margin trading platforms, suggesting the need for a structural overhaul. He recommended implementing an isolated, formally verified custody contract combined with a 24-hour withdrawal timelock to provide platforms with more time to halt suspicious transactions in the event of a compromise.
Such mechanisms, Ferrante argued, would help contain damage from attacks affecting oracle systems, wallet compromises, and margin manipulation. He recognized Flash Trade’s rapid response, noting the importance of proactive security measures in reducing potential losses.
MagicBlock, following the incident, has pledged ongoing collaboration with blockchain integrators, auditors, and independent security researchers to improve the resilience of their SDK offerings and support the wider ecosystem in mitigating such vulnerabilities moving forward.
PlatformExploit DateAsset AffectedAmount LostUser Funds Covered?Flash TradeJuly 22, 2026USDC$98,000Yes (fully covered)Wanchain Cardano BridgePrevious monthsNIGHT515 millionN/ADisclaimer: 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.
Jimothy Reaches Record Price After Week-Long RallyJimothy, a Solana-based memecoin, climbed another 30% on July 22, reaching a new all-time high of $0.026. The token has now surged roughly 970% over the past seven days, extending one of the more remarkable short-term runs in the Solana memecoin market.
The token's origin follows a now-familiar pattern on the network. Jimothy is a raccoon living in Seattle's Ballard neighborhood, filmed by local resident Kiana Hall near a Goodwill store. Once the raccoon clips spread, anonymous developers moved quickly to list a token named after it. The token launched on Pump.fun, a Solana-based meme-coin issuance platform, as interest in the original meme spread. Pump.fun's official account then reposted the token on X, pushing it in front of an even larger trading audience.
Warner Bros. Amplifies the MomentThe rally received a notable boost from an unexpected corner. Warner Bros. Games posted on social media: "URGENT UPDATE: Jimothy has reached Gotham City," a nod to the raccoon's crossover into gaming culture. Warner Bros. Games noted that Jimothy had found its way into LEGO Batman's Gotham City. The post added mainstream visibility to a token that had until then been driven largely by organic crypto-community activity.
The broader gaming world has also taken notice. Among Us posted a tribute to Jimothy featuring a Crewmate and the raccoon, while Dead by Daylight and The Sims also shared their own versions of the character. Video game mods featuring Jimothy have begun appearing as well, broadening the cultural footprint beyond social media.
Despite the momentum, analysts urge caution. Analysts tracking Pumpfun note that most tokens launched on the platform lose the bulk of their value within days of debuting. Like most Pump.fun launches, the token has no whitepaper and no official connection to the raccoon or the city, and its price moves on attention alone.
Sources:
BeInCrypto: Jimothy The Raccoon Solana Token Climbs After Viral Meme Fame
CryptoNews: What Is Jimothy Memecoin?
GosuGamers: Viral Raccoon Jimothy Goes Viral in Gaming
U.S. Solana exchange-traded funds (ETFs) saw significant investor interest with $5.83 million in net inflows recorded on July 21, marking the highest daily inflow in two weeks. This surge was concentrated entirely in the Bitwise BSOL fund, highlighting the fund’s appeal among participants despite a broader trend of smaller or stagnant inflows. The overall assets under management (AUM) for all U.S. Solana ETFs stand at approximately $912.73 million, with cumulative net flows reaching $1.16 billion. This development comes after a period of subdued activity in the Solana ETF market, potentially indicating renewed confidence among market participants.
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Key Takeaways The $5.83 million net inflow into Solana ETFs appears to suggest a renewed interest in the Solana market, driven primarily by the BSOL fund. This inflow marks the largest daily increase in 14 days, indicating a potential shift in participant sentiment. The total AUM of U.S. Solana ETFs remains robust, reflecting consistent engagement despite previous flat inflow periods. What to Watch Market participants will be closely monitoring whether this inflow pattern continues, as sustained interest could impact Solana’s price trajectory. Key factors to watch include further ETF inflow data, potential regulatory developments, and innovations within the Solana ecosystem that could drive demand. Observers will also be attentive to any announcements from key figures like Anatoly Yakovenko or developments related to Solana-based financial products approved by regulatory bodies. These elements could be consistent with scenarios where Solana’s price increases, potentially reaching or surpassing the $90 mark in July.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 7.5% — — View market → August 1 2026 0.2% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.6% — — View market → August 1 2026 0.4% — — View market → August 1 2026 1.6% — — View market → August 1 2026 0.4% — — View market → August 1 2026 2.6% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.7% — — View market → August 1 2026 0.1% — — View market → August 1 2026 22% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market →
Companies can execute USDC and USDT transactions around the clock via Ramp’s platform.
Ramp eliminates the need for standalone wallets in corporate stablecoin payment processes.
Solana network enables Ramp to facilitate rapid international stablecoin settlements.
Ramp extends integrated stablecoin payment capabilities to over 140 nations.
Ramp has unveiled a new corporate payment solution featuring Solana-integrated stablecoin accounts designed for organizations conducting international business. This offering enables companies to store, transfer, and receive USDC and USDT without requiring independent cryptocurrency infrastructure. By embedding stablecoin functionality directly into corporate financial operations, Ramp facilitates continuous cross-border payment processing.
Ramp Embeds Stablecoin Functionality Into Corporate Financial Systems Ramp unveiled Stablecoin Accounts that enable organizations to maintain USDC and USDT holdings directly within its corporate finance platform. These accounts function in parallel with conventional cash reserves through a unified interface and authorization framework. Financial departments can oversee both traditional currency and blockchain-based transfers without altering current operational procedures.
STABLECOINS ARE NOW ON RAMP.
Your business operates 24/7, but your money only operates Mon-Fri, unavailable on evenings, weekends, & holidays.
Now you can pay vendors faster across borders & move money in USDC or USDT with the approvals & accounting workflows you already use.… pic.twitter.com/3LWphYZRmd
— Ramp (@tryramp) July 21, 2026
The solution eliminates requirements for independent cryptocurrency wallets, exchange platforms, or manual reconciliation tasks. Organizations can initiate transactions using stablecoin reserves, Ramp Checking accounts, or connected banking relationships. The platform automatically logs each transaction within integrated accounting systems utilizing established compliance documentation.
This rollout addresses increasing corporate requirements for expedited international payment mechanisms. Throughout the public testing phase, over 150 organizations implemented these accounts spanning various sectors. Participating entities included companies beyond the cryptocurrency industry, demonstrating widespread corporate appetite for stablecoin-powered payment technology.
Solana Network Enables Accelerated International Stablecoin Transactions Ramp constructed this payment capability on infrastructure accommodating stablecoin deposits through seven blockchain protocols, with Solana among them. This blockchain delivers rapid transaction processing and reduced network fees for digital currency movements. Organizations can therefore finalize international settlements independent of conventional banking timeframes.
Businesses can transmit USDC or USDT directly to suppliers and independent contractors across more than 140 nations. They additionally possess the ability to exchange stablecoin payments into traditional currencies within over 40 regional markets. Organizations no longer face delays associated with banking hours when executing international transfers.
The system also permits companies to compensate suppliers using stablecoins without maintaining digital asset holdings. Ramp transforms funds from connected U.S. dollar accounts into USDC or USDT prior to transaction completion. Organizations obtain blockchain payment capabilities while maintaining operations through established banking relationships.
Ramp Broadens Stablecoin Offerings Amid Rising Corporate Implementation Ramp announced that organizations can accumulate rewards reaching 3.25% on qualifying stablecoin holdings maintained within Stablecoin Accounts. The firm characterized these holdings as digital dollar equivalents supported by cash reserves for transaction processing and treasury operations. It framed the accounts as payment mechanisms rather than speculative instruments.
Over 1,000 organizations currently utilize stablecoins via Ramp for compensating suppliers internationally. The company reports that more than 70% of these transaction volumes take place beyond standard banking hours. This activity underscores growing corporate demand for payment infrastructure functioning outside traditional financial operating windows.
This service expansion represents broader sector initiatives to incorporate stablecoins into conventional corporate finance operations. Ramp constructed the platform using infrastructure supplied by Stripe via Bridge and Privy. As stablecoin utilization increases, Ramp seeks to streamline international transaction processing while minimizing operational complexity for financial teams.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
Solana has solidified its position as the leading blockchain for decentralized exchange (DEX) activity, outpacing not only other blockchains but also some established centralized exchanges. Recent spikes in both DEX volumes and user participation have been driven by active trading on platforms like Meteora and PumpSwap.
Currently, Solana accounts for approximately 20% of all spot DEX trading volume. While activity is still below the levels seen during the 2021 bull market surge, the network maintains a steady baseline and continues to attract new interest.
Solana DEXs have now surpassed the likes of Bybit, as the top five chains engage in fierce competition to secure higher token volumes—including the growing segment of tokenized security trading.
An important factor behind Solana’s steady growth is the sustained influx of stablecoins from both major and smaller issuers. Over the past day, $300 million in new USDC liquidity has been injected into the network, enhancing liquidity and trading activity.
Chain/ExchangeWeekly DEX Spot VolumeSolana$10.29 billionEthereum$6.7 billionBNB Chain$5.8 billionNYSE American$6 billionThe combination of increased meme token offerings and a push into tokenized securities continues to set Solana apart from competing chains.
MetaMask, a widely used multi-chain crypto wallet, has introduced a new incentive for users engaging in swaps on Solana. The wallet will now pay gas fees for all swaps greater than $200, lowering the barrier for retail traders who may not hold SOL tokens.
“SOL-less? we gotchu covered. MetaMask will now pay the gas fee for you on Solana swaps over $200,” MetaMask stated in its latest announcement.
This update comes as retail participation on Solana remains strong, with failed transaction rates hovering around 23%. Retail-friendly tools like Jupiter’s routing services and swap solutions integrated in the Phantom wallet are further facilitating user access to spot trading.
Solana currently offers predictable and competitive average DEX trading fees at $0.19, making it more appealing for newcomers, especially when compared to established networks such as Ethereum and BNB Chain.
Solana overtakes traditional exchange volumesWhile the overall activity on Solana remains lower than traditional fiat-based markets, its presence is increasingly significant in the digital asset space. Solana’s weekly spot DEX volumes have consistently surpassed those of the NYSE American in 2026 to date, with decentralized trading on Solana reaching $10.29 billion last week.
The ongoing increase in trading is largely fueled by PumpSwap tokens and the fast-expanding market for tokenized equities.
Tokenized assets on Solana have risen to $5.77 billion in the second quarter of 2026, marking a 114% increase compared to the previous quarter. Tokenized equities make up 84% of these real-world assets, extending their growth streak to six consecutive quarters.
For the first time, tokenized asset trading has overtaken meme tokens as the primary use case for Solana as of June 23. This shift points towards Solana’s growing appeal among institutional traders and large holders seeking robust settlement layers.
These tokenized equities are also adding significant value to the lending sector on Solana, with a weekly collateral record of $51.9 million—$31 million on Kamino and $20 million on Jupiter’s lending platform.
Mini dictionary: MetaMask is a non-custodial crypto wallet widely used for managing assets and executing swaps across multiple blockchains, including Ethereum and now Solana.
Compared to competitor chains, Solana has become more accessible to newcomers, combining fast transaction speeds with low, predictable fees and a vibrant mix of retail and institutional activity.
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.
Uranium spot prices have settled into a comfortable range around $85 per pound, and long-term contract prices for U3O8 are sitting at $90 per pound, a level not seen since 2008, according to Cameco data.
Data center electricity demand is expected to more than double by the end of the decade. Nuclear power offers consistent baseload generation for hyperscale computing facilities that need 99.999% uptime. Major tech companies have started signing nuclear power purchase agreements. On the supply side, new uranium mining projects take years to bring online, and even if every planned mine broke ground tomorrow, production wouldn’t catch up with demand anytime soon.
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Bitcoin miners pivot to AI, nuclear enters the conversation Several companies that built their businesses around Bitcoin mining are now repurposing their infrastructure for AI and high-performance computing data centers. Applied Digital, Cipher Mining, and Hut 8 have all made moves in this direction.
Then there’s Uranium Digital, a project that plans to tokenize uranium trading on the Solana blockchain. The platform aims to be fully operational by early 2026 and has attracted backing from prominent family offices and investors. No major crypto-native tokens currently offer direct uranium exposure.
What investors should watch More than 85% of surveyed investors believe 2026 will be a pivotal year for uranium pricing. Analyst forecasts suggest prices could reach $100 to $120 per pound if AI-driven demand maintains its current trajectory, representing a potential 18% to 41% upside from current spot levels. Uranium spent most of the 2010s trading below $30 per pound following the post-Fukushima depression.
Tokenized commodity platforms like Uranium Digital represent a potential expansion of blockchain utility into markets that genuinely need better trading infrastructure. The spot uranium market is thin, bilaterally negotiated, and difficult for smaller participants to access.
The near-term catalyst to watch is whether long-term uranium contract prices break above $90 per pound and hold, which would confirm the market has moved past the post-Fukushima hangover and into a new structural regime.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
S&P Dow Jones and Pantera Capital have launched a new index featuring 18 altcoins, including Ethereum, BNB, Solana, and TRX.
Although the cryptocurrency market has been on a downward trend since October 2025, its adoption continues to increase rapidly.
At this point, the latest move came from S&P Dow Jones and Pantera Capital. Accordingly, S&P Dow Jones Indices and Pantera Capital launched the S&P Pantera Digital Asset Index, consisting of 18 assets designed to offer institutional investors a more structured way to evaluate cryptocurrencies.
Unlike existing crypto indexes that select tokens based on price momentum or market popularity, the new index uses a rule-based methodology similar to traditional finance metrics. It includes projects and tokens with real-world use cases and revenue generation.
Accordingly, for an asset to be included in the list, it must have a market capitalization of at least $500 million, and newly added assets must have a liquidity ratio above a certain level. Projects are ranked according to their revenues in the last two quarters, and their place in the index is determined accordingly. This system ensures that projects that do not generate economic value are eliminated.
The index currently consists of 18 digital assets, and the full list of altcoins included has not been disclosed. However, the identified assets include Ethereum, BNB, Solana (SOL), Tron (TRX), and Hyperliquid (HYPE).
*This is not investment advice.
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Every transaction on a public blockchain is permanently recorded and visible to anyone in the world. But raw blockchain data — stored as cryptographic hashes across thousands of nodes — is unreadable without a tool that translates it into something a human can actually interpret. That tool is a blockchain explorer.
If you’ve ever pasted a Bitcoin transaction ID into a search bar and watched a page populate with sender addresses, recipient addresses, amounts, confirmations, and timestamps — you’ve used a blockchain explorer. It’s the closest thing the crypto ecosystem has to a public ledger with a search interface, and understanding what it shows you is foundational to working with any blockchain seriously.
What Is a Blockchain Explorer? A blockchain explorer is a web-based application that indexes all publicly available data on a given blockchain and presents it in a searchable, human-readable format. Think of it as a search engine specifically built for blockchain data — except unlike Google, which decides what to index and what to surface, a blockchain explorer surfaces everything, because every transaction on a public blockchain is accessible to anyone.
The explorer connects to a blockchain node (or a network of nodes), continuously receives new blocks as they’re confirmed, parses the data in each block, and stores it in a structured database that users can query. The result is a real-time, fully auditable window into every transfer, every wallet balance, every smart contract interaction, and every block that has ever been added to the chain.
Different blockchains have their own explorers because the underlying data structures differ. Bitcoin’s UTXO model records transactions differently from Ethereum’s account-based model, which records activity differently from a Layer-2 network like Arbitrum. The most widely used explorers include:
Etherscan — the dominant Ethereum explorer, also the model for dozens of EVM-compatible chain explorers Blockchain.com Explorer — one of the oldest Bitcoin explorers, covering BTC, ETH, and BCH Mempool.space — a clean, open-source Bitcoin mempool and block explorer widely used by technical users Solscan — the primary explorer for the Solana ecosystem Each provides the same core function — making blockchain data searchable — but their interfaces, data depth, and additional features differ significantly. For live activity on the two largest networks, see Bitcoin News Today and Ethereum News Today.
What Information Does a Blockchain Explorer Show? The information available through a blockchain explorer falls into several categories. Understanding each one tells you what you can actually verify.
Transaction Data The most common use case. When you paste a transaction hash (also called a transaction ID or TXID) into an explorer, you get:
Status — confirmed, pending, or failed Block number — which block the transaction was included in Timestamp — when the block containing your transaction was mined or validated From address — the wallet that initiated the transaction To address — the receiving wallet or smart contract Value — the amount transferred Gas fee / transaction fee — what was paid to the network validators or miners to process it Input data — for smart contract interactions, the encoded function call and parameters On Ethereum, a “failed” transaction still shows up in the explorer and still costs gas, because the network processed the attempt even if it didn’t succeed. This is a common source of confusion for new users — seeing a failed transaction consuming fees is counterintuitive until you understand that execution costs are charged regardless of outcome.
Wallet and Address Data Entering any wallet address into a blockchain explorer shows you:
Current balance — across native tokens and, on explorers like Etherscan, ERC-20 tokens held at that address Complete transaction history — every inbound and outbound transaction, in chronological order Token holdings — for Ethereum addresses, a list of all ERC-20 tokens and NFTs associated with the address First and last activity — when the address first appeared on-chain and its most recent transaction One thing beginners often find surprising: blockchain explorers reveal this information for every wallet address, including those belonging to large institutions, exchange cold wallets, and smart contracts — whether that wallet is a software wallet like Trust Wallet or a hardware wallet like the Ledger Nano X. There is no privacy at the address level on a public blockchain. The pseudonymity comes from the separation between a wallet address and a real-world identity — but once an address is linked to a person (through an exchange deposit, a public disclosure, or chain analysis), all historical activity becomes visible.
Block Data Each block on a blockchain contains a batch of transactions. Clicking on a specific block in an explorer shows:
Block height — the sequential number of the block in the chain Block hash — the unique cryptographic identifier for that block Previous block hash — the hash of the block immediately before it, which is what creates the “chain” structure Miner / validator — the address that produced the block and received the block reward Transactions count — how many transactions are included Block size — in bytes, relevant for network capacity analysis Gas used / gas limit (Ethereum) — actual consumption versus maximum allowed Timestamp — exactly when the block was added Difficulty / total difficulty (for proof-of-work chains) Blocks are the fundamental unit of the blockchain. Every transaction you’ve ever made is stored inside one of these blocks, linked backward to the genesis block through an unbroken chain of cryptographic hashes. The explorer makes that structure navigable.
Smart Contract Data For Ethereum and other smart contract platforms, blockchain explorers provide a layer of transparency over contract code and activity:
Contract source code — if the developer verified and published the code, you can read the exact logic defining how the contract works ABI (Application Binary Interface) — the technical specification for how to interact with the contract Read functions — query the contract’s current state (token balances, pool reserves, ownership) Write functions — interact directly with verified contracts through the explorer’s interface Events and logs — a record of every event the contract emitted, which is how DeFi protocols record swaps, liquidity additions, liquidations, and governance votes Contract verification is voluntary — developers choose to publish their source code for public audit. Unverified contracts show only bytecode, which is machine-readable but not human-readable. A contract that isn’t verified isn’t necessarily malicious, but it is a legitimate reason for caution.
The Mempool: What Happens Before Confirmation Most blockchain explorers include a view of the mempool — the pool of unconfirmed transactions that have been broadcast to the network but not yet included in a block. This is where transactions live between the moment you submit them and the moment a validator or miner includes them in a block.
The mempool is dynamic. During periods of high network activity — a popular NFT mint, a major market move, or a large airdrop — thousands of transactions compete simultaneously for limited block space. Transactions with higher fees attached move to the front of the queue; transactions with lower fees wait, sometimes for hours.
Understanding the mempool helps users make informed decisions about fee settings. Before sending a time-sensitive transaction, checking the current mempool state on an explorer tells you what fee level is required for inclusion in the next block versus a longer wait. This is why tools like Mempool.space, which specializes in Bitcoin mempool visualization, have become popular with experienced Bitcoin users.
How to Use a Blockchain Explorer: Step by Step Using a blockchain explorer requires no account, no login, and no software. It’s a website.
Step 1: Choose the right explorer for your blockchain. Etherscan is for Ethereum mainnet. If you’re looking up a transaction on Polygon, use Polygonscan. For Solana, use Solscan. Using the wrong explorer for your network will return no results — your transaction exists on a different chain’s database.
Step 2: Get your transaction hash, wallet address, or block number. Your crypto wallet app shows transaction hashes in the transaction details view. An exchange withdrawal confirmation email typically includes one. A wallet address is the alphanumeric string you share with others to receive funds.
Step 3: Paste it into the search bar. The explorer identifies what type of data you entered (address, transaction hash, or block number) and routes you to the appropriate view automatically.
Step 4: Read the results. For a transaction, the most important fields are status (confirmed/pending/failed), the number of confirmations, and the timestamp. For an address, the balance and recent transaction history are the most relevant views. For a smart contract, the “Contract” tab shows whether the source code has been verified.
Step 5: Verify what you need to verify. Most explorer use cases involve confirming that a transaction occurred, checking a wallet’s balance before sending, or verifying that a smart contract does what its developers claimed.
Why Blockchain Explorers Matter Beyond Basic Verification The immediate utility of blockchain explorers — confirming that your transaction went through — is obvious. The deeper value is less obvious but more significant.
On-chain transparency as accountability. Every protocol that claims to hold funds in a smart contract can be verified. Every exchange that claims to maintain reserves can be audited against its published wallet addresses. Every token contract that claims a fixed supply can be confirmed against the total minted. The “don’t trust, verify” principle of crypto culture is operationally meaningless without the tools to actually verify — and blockchain explorers are those tools.
Market intelligence. Large wallet movements, exchange inflows and outflows, whale accumulation patterns, and smart contract interactions are all visible on-chain before they appear in price charts. On-chain analysts who monitor these signals have developed an entire discipline around reading blockchain data for market signals.
Due diligence on projects. Before interacting with a new DeFi protocol or buying a new token, checking the contract address on an explorer tells you whether the code is verified, how long the contract has been active, how many users have interacted with it, and whether the deployer address has a suspicious history. It’s not foolproof, but it’s a meaningful filter.
Troubleshooting. When a transaction is stuck, the explorer tells you exactly why — whether it’s still in the mempool waiting for higher-fee transactions to clear, whether it failed due to insufficient gas, or whether it was replaced by a later transaction with a higher fee (a process called RBF, or Replace-By-Fee, on Bitcoin).
For context on how blockchain transparency connects to real-world financial applications including institutional crypto infrastructure, blockchainreporter’s latest blockchain and crypto news coverage tracks how these fundamentals are being applied across DeFi, payments, and enterprise adoption.
Limitations of Blockchain Explorers Blockchain explorers show everything that’s on-chain. They don’t show what isn’t.
Off-chain activity is invisible. Transactions processed on centralized exchanges (a trade on Coinbase, a transfer between accounts on Binance) don’t appear on blockchain explorers unless they involve an on-chain withdrawal or deposit. The internal ledger of a centralized exchange is not a blockchain.
Layer-2 activity requires Layer-2 explorers. Transactions on Lightning Network channels, Optimism, Arbitrum, or other Layer-2 networks have their own data structures and require their own explorers. Settlement of Layer-2 batches back to the base layer is visible on the L1 explorer, but individual L2 transactions are not.
Privacy coins by design. Monero and Zcash use cryptographic techniques (ring signatures and zk-SNARKs respectively) to obscure sender, receiver, and amount information. Their blockchain explorers exist but show substantially less information than Bitcoin or Ethereum explorers — see Zcash News Today for more on how Zcash’s shielded transactions work.
Address labels are incomplete. Explorers can tell you what happened on-chain but usually can’t tell you who owns an address without supplementary data. Some explorers (Etherscan in particular) allow the community to tag known addresses — exchange hot wallets, protocol treasuries, identified hackers — but most addresses remain unlabeled.
Popular Blockchain Explorers by Network NetworkExplorerKey FeatureBitcoinMempool.spaceBest mempool visualizationBitcoinBlockchain.com ExplorerLong-established, multi-chainEthereumEtherscanIndustry standard, contract verificationSolanaSolscanSPL token and NFT supportPolygonPolygonscanEVM-compatible, Etherscan-basedBNB ChainBscScanEVM-compatible, Etherscan-basedBitcoin testnetMempool.space/testnetDevelopment testing The EVM-compatible explorers (Polygonscan, BscScan, and dozens of others) are all built on the same Etherscan codebase, which is why their interfaces look nearly identical. Etherscan provides the infrastructure as a service to other chains — a practical example of how blockchain tooling has become modular.
This article is for informational and educational purposes only.
Frequently Asked Questions What is a blockchain explorer? A web application that indexes all data on a public blockchain — transactions, wallet addresses, blocks, and smart contracts — and presents it in a searchable, human-readable format. It functions like a search engine built specifically for on-chain data.
What can I find on a blockchain explorer? Transaction status and history, wallet balances and activity, block data, smart contract source code and interactions, and token holdings. Most explorers also show a live mempool view of unconfirmed transactions waiting to be included in the next block.
Do I need an account to use a blockchain explorer? No. Blockchain explorers are publicly accessible websites requiring no login, registration, or payment for standard browsing. Some offer optional paid API tiers for developers who need automated, high-volume access to the data.
Is every blockchain transaction visible on an explorer? Yes, for public blockchains. Privacy coins like Monero and Zcash are an exception, using cryptographic techniques to obscure transaction details. Off-chain activity, such as trades within a centralized exchange's internal ledger, also won't appear on a blockchain explorer.
What is a transaction hash? A unique alphanumeric identifier for a specific blockchain transaction, generated when the transaction is broadcast to the network. Pasting it into an explorer retrieves all details about that transaction.
Which blockchain explorer should I use? Use Etherscan for Ethereum, Mempool.space for Bitcoin, and the chain-specific explorer for any other network (Solscan for Solana, Polygonscan for Polygon, etc.).
Can I see who owns a wallet address? No. Blockchain explorers show transaction history and balances for any address but cannot identify the real-world owner unless the address has been voluntarily linked to an identity or labeled through community tagging.
Is blockchain down if an explorer isn't loading? Not necessarily. An explorer outage means the indexing service itself is temporarily unavailable, not that the underlying blockchain has stopped running. The network can continue confirming transactions normally even if a specific explorer's website is briefly slow or inaccessible — trying a different explorer for the same network will confirm this.
A digital collectible car platform just pulled off one of the more eye-catching fundraises on Solana this year. Rip Cars, which bills itself as the world’s first Hot Wheels-inspired gacha platform on the blockchain, attracted $20.9M in commitments through its ICO on MetaDAOProject, a Solana-native launchpad that governs fundraising through decision markets rather than the usual token-holder voting.
To put the oversubscription in perspective: the project set a minimum raise target of $250K. It closed with commitments of $20.9M. That is not a rounding error.
What MetaDAO actually does differently The platform uses a governance model built on futarchy, which is a fancy word for decision markets. In English: instead of token holders voting on proposals with their wallets, the system uses prediction-market-style mechanisms to determine which proposals are likely to produce good outcomes. Governance follows the market signal rather than a popularity contest.
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MetaDAO also structures its raises around what it calls “ownership coins,” where early investors acquire genuine stakes in projects through a transparent and refundable process. The goal is to legally connect token ownership with actual business outcomes, not just speculative upside.
The platform completed a $2.2M private funding round in August 2024 and has now executed 14 launches in total. Cumulative fundraising across those projects has surpassed $44M, with the Rip Cars ICO representing a substantial portion of that total.
Gacha mechanics meet blockchain collectibles Rip Cars is essentially betting that two things with proven mass-market appeal, randomized collectible mechanics and die-cast car nostalgia, translate well to a blockchain-native format.
Gacha is a collectible model borrowed from Japanese vending machines and popularized by mobile games like Pokémon GO and countless others. You pay a set amount, you receive a randomized item. Sometimes it is common, sometimes it is rare, and the uncertainty is precisely the point.
The fundraising event launched around July 20, 2026, with a live period running approximately three days at a fully diluted valuation of $645K.
What this means for investors and the Solana ecosystem The $20.9M commitment figure deserves some scrutiny before drawing sweeping conclusions. Commitments are not the same as capital settled. Refundable raise structures, which MetaDAO uses, mean that not every dollar committed necessarily converts to a completed investment.
The Rip Cars raise also tests an interesting allocation mechanism. MetaDAO is experimenting with something called an Ownership Score for determining how allocations are distributed among participants.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana is maintaining its position above a critical support level, as the blockchain platform resists further downside pressure. Market analysts indicate that a sustained move above $98 could open the door to higher targets, possibly reaching $120 and beyond in the coming months.
Analysts highlight key price levelsAfter briefly dipping below its established trading range, Solana bounced back to defend its lower boundary. Crypto strategist Michaël van de Poppe identified this renewed strength, suggesting that the current structure may provide the foundation for a rally toward $120.
The $75 mark remains a pivotal level for Solana, having served as reliable support in recent sessions. Holding this area may give SOL, the blockchain’s native token, the momentum to challenge immediate resistance and potentially attempt to retest the upper limit of its trading range near $98.
Staying above $75 could create the conditions for Solana to take on its next resistance barriers, with analysts emphasizing that the zone just below $100 is especially significant for gauging renewed bullish interest.
Should Solana establish a breakout above $98, technical analysis points to a possible advance toward the $118–$127 range, which has served as a resistance cluster in previous moves.
Price LevelKey Role$60–$65Deviation/Last support zone$68Secondary support$70–$75Primary support$98Major resistance / Breakout level$118–$127Target resistance zone$150Analyst target for OctoberUpside and downside scenariosAnalyst Shah pointed out that, if Solana consolidates above its current support and begins reversing its trend of lower highs, a move toward $150 by October may become feasible. This outlook hinges on continued strength at the $75 level and follow-through above the $98 resistance.
The $90–$100 band is seen as the first major hurdle on this path. Regaining a foothold in this region may provide further confirmation that the trend is shifting, possibly triggering a push to the upper resistance zone around $120–$125.
Despite the optimism among some analysts, the overall chart does not yet signal a confirmed rally toward $150. The price must prove its resilience above $75 to maintain a constructive structure, while further downside below this level could undermine bullish targets for the rest of the year.
Risks to the outlookIf SOL fails to hold the $70–$75 region, technical signals suggest a renewed threat of decline. A drop below this support could retest the recent low near $60 and would likely invalidate any near-term aim for $150.
Solana is a high-performance, proof-of-stake blockchain known for its fast transaction speeds and low fees, making it a favored platform for decentralized applications. Its token, SOL, is among the largest cryptocurrencies by market capitalization.
Mini dictionary: Solana is a blockchain platform focused on high throughput and low-cost transactions, with its native token SOL facilitating payments, staking, and governance functions within its ecosystem.
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.
