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Solana has surpassed Base in both x402 transaction count and volume for the first time, according to Artemis data released by SolanaFloor on September 3. During the last week of August, Solana handled more than 90% of all x402 transactions, signaling a major shift in how stablecoin payments are processed between applications and AI agents across blockchain networks.

Solana captures majority of x402 activity in 2026Artemis figures show a significant uptick in x402 usage on Solana for the week ending August 31. The network moved ahead of Base, which had previously been the top venue for x402 transactions. While transaction count can sometimes be inflated by micro-payments, accompanying volume data confirmed that both qualitative and quantitative activity favored Solana during this period.

This development marks a pivotal change in the competition between Solana and Base for x402 transaction flows. Solana’s share had been consistently rising as protocol developers ramped up testing for automated and programmatic stablecoin payments. While this weekly surge is notable, analysts caution that one data point does not establish a long-term trend.

Networkx402 Transaction Count (latest week)x402 Volume (latest week)Solana90%+90%+Base~10%~10%Protocol background: x402 enables programmatic stablecoin paymentsThe x402 protocol, developed by Coinbase, uses HTTP’s 402 payment status to facilitate automated stablecoin payments programmed by AI agents and decentralized applications. The protocol allows digital agents to pay for APIs, data, and services directly, supporting several networks such as Solana and Base.

Solana’s infrastructure, known for low costs and high-speed settlement, makes it especially attractive for use cases with repeated, small-value transfers. In May 2026, Rich Widmann from Google Cloud described Solana as “the right choice for settlement,” highlighting its role in enabling smooth machine-to-machine payments among AI-powered systems.

Mini dictionary: x402, a payment protocol designed by Coinbase, leverages the HTTP 402 status code to enable stablecoin payments between software agents, especially for accessing APIs and services without manual customer intervention.

Coinbase states that x402 allows AI agents and applications to send and receive stablecoin payments for APIs, content, and services, spanning multiple networks like Solana and Base.

Implications for stablecoin payments and Solana’s utilitySolana’s dominance in recent x402 activity could reinforce its reputation as a preferred settlement network for stablecoin transfers and machine-driven payments. So far, network reports indicate that over 35 million x402 transactions totaling $10 million in volume have been processed since the protocol launch on Solana.

However, increased x402 usage does not necessarily translate to higher direct demand for SOL tokens, as most transactions settle in stablecoins. Persistent commercial usage from AI agents, applications, and enterprises will offer a stronger indicator of sustainable network utility.

Despite the surge in x402 transactions, observers emphasize that organic economic activity and recurring payment behaviors will ultimately decide whether Solana can maintain its lead in the months ahead.

Outlook: Will Solana’s lead in x402 activity persist?The crucial question is whether the spike in Solana’s x402 activity will hold over multiple weeks, signaling stable economic demand. Market participants will watch for sustained volume and repeated commercial payments to gauge long-term adoption. Base continues to support x402 transactions, and Coinbase underscores that the protocol was built for use on multiple networks.

For developers, businesses, and investors, the expanding use of x402 suggests a broader trend toward automated, on-chain payments and programmatic commerce. Whether Solana’s current advantage becomes permanent remains to be seen, hinging on consistent adoption and transaction volume over time.

DeGods founder spends $1,491 to buy MEME, earning an 810x return.

Per Lookonchain monitoring, DeGods founder Frank (@frankdegods) spent $1,491 to buy 11 million MEME tokens 11 hours ago; the holding is now worth over $1.2 million, delivering an 810x return.

2 minutes ago

AMC’s after-hours trading gains on US stocks widened to over 20%

According to market data from BIT (bit.com), U.S. cinema chain AMC’s after-hours trading gain has expanded to over 20%, with its current price standing at $3.07.

2 minutes ago

AMC CEO responds to Robinhood CEO: Demands an end to AMC stock token trading, plans to seek legal action to halt it.

AMC CEO Adam Aron responded to Robinhood CEO Vlad Tenev, saying Tenev’s concerns about AMC’s stock tokens are “almost existential for the company.” He questioned why Robinhood, a U.S.-based firm, is able to issue products that purportedly represent AMC stock but fail to comply with U.S. securities laws via an offshore entity based in Jersey. Aron noted that AMC spends millions of dollars annually to adhere to U.S. securities regulations, adding that Robinhood’s so-called “synthetic equity market” could decouple stock token trading from the financing arrangements of listed companies. Traditional stockholders hold rights such as voting, but Aron argued that stock tokens do not represent actual equity, meaning investors cannot access corresponding shareholder rights. Aron demanded that Tenev and Robinhood voluntarily halt AMC stock token trading; otherwise, AMC has retained external securities lawyers to explore measures to force Robinhood to cease such activity. He also said he will submit inquiries to the U.S. Securities and Exchange Commission (SEC) regarding Robinhood’s practices. Earlier reports stated that Aron released a statement this morning revealing Robinhood is advancing a tokenized real-world asset and stock token project involving AMC and more than 190 other companies. Aron clarified that AMC has no connection to the project, does not endorse the practices involved, and will immediately retain external securities lawyers to review the matter. Robinhood CEO Vlad Tenev responded that there is no need for concern.

2 minutes ago

Japanese and South Korean stock markets closed higher across the board, with SK Hynix rising more than 3%.

According to Bitget data, the Nikkei 225 index closed 806.46 points higher on Friday, September 4, rising 1.26% to 65,020.94 points. South Korea’s KOSPI index also closed up 107.73 points, or 1.64%, at 6,687.21 points on the same day, with SK Hynix gaining over 3% and Samsung Electronics rising 2.2%.

2 minutes ago

Meme crypto project MEME briefly broke through $110 million in market capitalization, setting a new all-time high.

According to GMGN data, the stock-meme project MEME on Robinhood Chain has been surging, with its market cap briefly breaking through $110 million to hit a new all-time high before pulling back to $95 million. It has surged over 1,000% in 24 hours, with trading volume reaching $59.1 million. MEME leverages stock trading platform Robinhood, pairing with tokenized U.S. stock AMC Entertainment (the U.S. theater chain with ticker AMC) as its liquidity pool, using the MEME/AMC trading pair to provide liquidity. AMC’s CEO stated in a post this morning that Robinhood is advancing a tokenized real-world asset and stock token project involving AMC and over 190 other companies. He noted AMC has no connection to the project, does not endorse the practice, and will immediately request external securities lawyers to review the matter. Robinhood CEO Vlad Tenev responded that there is no need for concern. BlockBeats Note: Stock Meme is an emerging concept that combines traditional meme coins with tokenized U.S. stocks: instead of pairing with USDT or ETH, meme coins are directly paired with on-chain U.S. stock tokens (e.g., NVDA, TSLA, AAPL, etc.). This model retains meme coins’ high volatility and community-driven speculative nature while tapping into the popularity and narrative of real stocks. A portion of transaction fees often flows back to the community treasury to accumulate corresponding U.S. stock tokens, forming a dual-driven model of "sentiment speculation + real asset anchoring". Prices are highly volatile; invest with caution.

2 minutes ago

Bank of Korea: South Korea's memory chip production capacity advantage is expected to further expand.

The Bank of Korea stated that thanks to Samsung Electronics and SK Hynix’s active expansion of domestic production facilities, South Korea’s leading edge in storage chip production capacity is expected to further expand. The central bank projects that new chip factories set to commence operations by 2028 will boost South Korea’s monthly wafer production capacity by approximately 600,000 units.

2 minutes ago

Solana has demonstrated renewed strength after breaking out from a bullish chart pattern, with buyers regaining control and market optimism on the rise. Backed by surging demand and expanding network utility, Solana’s upward momentum has intensified as technical signals confirm the trend.

Solana climbs after significant breakoutAt press time, Solana (SOL) trades at $104.98, supported by a robust 24-hour trading volume of $3.77 billion and a market capitalization of $61.44 billion. Over the past day, SOL’s price has advanced by 5.31%.

Crypto analyst Javon Marks reported that Solana has surged above resistance formed by a cup-and-handle pattern, reinforcing the bullish case for the asset. The analyst’s view points to buyers regaining the upper hand after a prolonged period of consolidation.

Solana’s move above the cup-and-handle resistance indicates a shift in control to buyers, with traders watching for sustained momentum and whether the former ceiling will hold as a new support level.

The technical breakout has sparked forecasts for Solana to target the $500 region, which would set new all-time highs. Achieving such an objective will depend on the persistence of buying pressure, elevated trading volumes, and favorable macro conditions. Market participants are monitoring the price to see if it can consistently hold above the breakout area to validate the bullish setup.

Technical indicators and trading activityAnalysis from TradingView reveals Solana completed a sharp bullish breakout after consolidating between $62.00 and $78.00 throughout the summer. The asset pushed through former resistance, reaching as high as $105.01 for a daily gain of 4.58%.

Solana’s price currently trades above its 20, 50, 100, and 200 exponential moving averages (EMAs), a sign of strong structural momentum. Technical indicators show that buying activity continues, even following a pullback from recent highs near $110. The Relative Strength Index (RSI) rests at 68.20, closely tracking its signal line of 76.14, while the 20 EMA at $95.67 provides short-term dynamic support.

Data from CoinGlass highlights an uptick in market activity for Solana. Trading volume jumped by 12.10% to $9.38 billion, while open interest increased by 1.76% to $6.57 billion, suggesting increased speculative participation.

MetricCurrent ValueChange (%)Trading volume$9.38 billion+12.10%Open interest$6.57 billion+1.76%A positive backdrop in the wider cryptocurrency market, led by gains in Bitcoin, has also contributed to Solana’s recent performance.

New payment channel technology boosts network utilityAccording to the Solana Foundation, the network recently launched payment channels designed to facilitate high-frequency transactions for AI bots. This advancement addresses signature and settlement difficulties encountered during each API call, supporting rapid micropayments with technology capable of processing one million transactions per second.

The payment channels are currently operational through Pay.sh and allow interaction with services like the Alibaba Cloud API endpoint, improving machine-to-machine trading and enabling autonomous agents to purchase digital services at scale.

Mini dictionary: Payment channels are off-chain mechanisms allowing multiple transactions between parties, which are later settled in bulk on the blockchain, reducing congestion and enabling efficient high-frequency payments. These channels are essential for decentralized applications and automated systems interacting at scale.

With this technology live, Solana enables high-frequency agentic payments with lower friction, as multiple payments can occur without settling each transaction on-chain in real-time.

Looking ahead, analysts suggest that maintaining momentum above the breakout zone will be critical for Solana if the network hopes to achieve higher price benchmarks. Failure to hold these levels could see the asset revert to a consolidation phase.

DeGods founder spends $1,491 to buy MEME, earning an 810x return.

Per Lookonchain monitoring, DeGods founder Frank (@frankdegods) spent $1,491 to buy 11 million MEME tokens 11 hours ago; the holding is now worth over $1.2 million, delivering an 810x return.

2 minutes ago

AMC’s after-hours trading gains on US stocks widened to over 20%

According to market data from BIT (bit.com), U.S. cinema chain AMC’s after-hours trading gain has expanded to over 20%, with its current price standing at $3.07.

2 minutes ago

AMC CEO responds to Robinhood CEO: Demands an end to AMC stock token trading, plans to seek legal action to halt it.

AMC CEO Adam Aron responded to Robinhood CEO Vlad Tenev, saying Tenev’s concerns about AMC’s stock tokens are “almost existential for the company.” He questioned why Robinhood, a U.S.-based firm, is able to issue products that purportedly represent AMC stock but fail to comply with U.S. securities laws via an offshore entity based in Jersey. Aron noted that AMC spends millions of dollars annually to adhere to U.S. securities regulations, adding that Robinhood’s so-called “synthetic equity market” could decouple stock token trading from the financing arrangements of listed companies. Traditional stockholders hold rights such as voting, but Aron argued that stock tokens do not represent actual equity, meaning investors cannot access corresponding shareholder rights. Aron demanded that Tenev and Robinhood voluntarily halt AMC stock token trading; otherwise, AMC has retained external securities lawyers to explore measures to force Robinhood to cease such activity. He also said he will submit inquiries to the U.S. Securities and Exchange Commission (SEC) regarding Robinhood’s practices. Earlier reports stated that Aron released a statement this morning revealing Robinhood is advancing a tokenized real-world asset and stock token project involving AMC and more than 190 other companies. Aron clarified that AMC has no connection to the project, does not endorse the practices involved, and will immediately retain external securities lawyers to review the matter. Robinhood CEO Vlad Tenev responded that there is no need for concern.

2 minutes ago

Japanese and South Korean stock markets closed higher across the board, with SK Hynix rising more than 3%.

According to Bitget data, the Nikkei 225 index closed 806.46 points higher on Friday, September 4, rising 1.26% to 65,020.94 points. South Korea’s KOSPI index also closed up 107.73 points, or 1.64%, at 6,687.21 points on the same day, with SK Hynix gaining over 3% and Samsung Electronics rising 2.2%.

2 minutes ago

Meme crypto project MEME briefly broke through $110 million in market capitalization, setting a new all-time high.

According to GMGN data, the stock-meme project MEME on Robinhood Chain has been surging, with its market cap briefly breaking through $110 million to hit a new all-time high before pulling back to $95 million. It has surged over 1,000% in 24 hours, with trading volume reaching $59.1 million. MEME leverages stock trading platform Robinhood, pairing with tokenized U.S. stock AMC Entertainment (the U.S. theater chain with ticker AMC) as its liquidity pool, using the MEME/AMC trading pair to provide liquidity. AMC’s CEO stated in a post this morning that Robinhood is advancing a tokenized real-world asset and stock token project involving AMC and over 190 other companies. He noted AMC has no connection to the project, does not endorse the practice, and will immediately request external securities lawyers to review the matter. Robinhood CEO Vlad Tenev responded that there is no need for concern. BlockBeats Note: Stock Meme is an emerging concept that combines traditional meme coins with tokenized U.S. stocks: instead of pairing with USDT or ETH, meme coins are directly paired with on-chain U.S. stock tokens (e.g., NVDA, TSLA, AAPL, etc.). This model retains meme coins’ high volatility and community-driven speculative nature while tapping into the popularity and narrative of real stocks. A portion of transaction fees often flows back to the community treasury to accumulate corresponding U.S. stock tokens, forming a dual-driven model of "sentiment speculation + real asset anchoring". Prices are highly volatile; invest with caution.

2 minutes ago

Bank of Korea: South Korea's memory chip production capacity advantage is expected to further expand.

The Bank of Korea stated that thanks to Samsung Electronics and SK Hynix’s active expansion of domestic production facilities, South Korea’s leading edge in storage chip production capacity is expected to further expand. The central bank projects that new chip factories set to commence operations by 2028 will boost South Korea’s monthly wafer production capacity by approximately 600,000 units.

2 minutes ago

Robinhood Chain has emerged as the leading blockchain in daily revenue, recording $4.01 million in 24 hours, according to the latest data from DeFi analytics provider DefiLlama. The result places Robinhood Chain ahead of several established networks and reinforces its rapid ascent in the blockchain ecosystem.

Record earnings outpace major blockchainsShortly after its launch, Robinhood Chain has surpassed well-known platforms in key metrics, capturing the attention of both the crypto community and analysts. The network’s daily revenue surged far above competing blockchains, highlighting its reinforced position among industry leaders.

DefiLlama data shows that Robinhood Chain’s $4.01 million in 24-hour revenue stands more than 137% higher than the second-place blockchain, Canton, which generated $1.69 million during the same period.

Robinhood Chain posted more than four times the daily earnings of Tron, a network recognized for its strong DeFi activity.

Tron, which has traditionally reported high daily revenues among blockchains, trailed in third place, recording $873,930. Robinhood Chain’s daily performance surpassed that of both Tron and Canton, underscoring intensified user activity on its network.

Blockchain24-hour RevenueRobinhood Chain$4,010,000Canton$1,690,000Tron$873,930Base$97,219Solana$81,714Polygon$64,438Rising network activity drives revenue growthRobinhood Chain’s strong 24-hour revenue is linked to a notable rise in daily transactions and developer activity, with traders and DeFi participants engaging more actively with the network. This increased interaction has led to higher fee generation and placed the blockchain in the industry spotlight.

Base, a Layer 2 network built by Coinbase, generated $97,219 over the same period, while Solana and Polygon recorded $81,714 and $64,438 respectively, showing that Robinhood Chain’s recent activity far outpaces many longer-established names. Analysts note that this trend reflects user migration and heightened DeFi utilization on the newer network.

Robinhood Chain operates as a blockchain developed by financial technology company Robinhood, designed to facilitate decentralized finance applications and trading with a user-friendly experience.

Mini dictionary: Robinhood Chain, a blockchain launched by financial platform Robinhood, aims to offer seamless on-chain trading and DeFi experiences for global users, positioning itself among emerging blockchain networks with rapid adoption and significant fee revenue.

Industry watchers suggest that if the network maintains this growth in fee and transaction volume, it could continue to draw both users and developers away from established platforms in the coming months.

This rapid expansion in Robinhood Chain’s performance has positioned the network in direct competition with top blockchains by revenue and usage, marking a shift in sector dynamics.

According to Reuters, global banking giant Standard Chartered announced the launch of its Bitcoin and Ethereum spot trading service for its corporate clients in the United Arab Emirates (UAE).

The bank thus became the first global bank to offer direct cryptocurrency spot trading to institutional clients in the Gulf country.

The new service is offered through Standard Chartered’s operations at the Dubai International Financial Centre (DIFC). The bank aims to expand institutional investors’ access to the cryptocurrency market through traditional financial infrastructure.

Standard Chartered’s move to the UAE stands out as part of its strategy to expand its activities in the digital asset space. The bank had already begun offering spot trading services for BTC and ETH to institutional clients in the UK in 2025.

Solana Accounts for One-Fifth of Stablecoin Transactions! While Standard Chartered UAE drew attention with its BTC and ETH moves, the bank’s Head of Digital Asset Research, Geoff Kendrick, made statements about Solana.

Speaking on Solana’s official podcast, “House of Sol,” Kendrick highlighted Solana’s strong position in the stablecoin market.

Kendrick stated that approximately $7 trillion worth of transactions are processed monthly via stablecoins, and the Solana network handles about one-fifth of these transactions.

According to Kendrick, this ratio highlights not only the network’s role in decentralized finance and cryptocurrency trading, but also its growth in payment and stablecoin-based use cases.

Kendrick also noted that Solana’s low transaction costs and high transaction capacity are among the key factors that enable the network to stand out in stablecoin and micro-payment applications.

*This is not investment advice.

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Solana Mobile has announced CLOCK IN, a 30-day hackathon offering $135,000 in prizes for developers building applications on the Solana network. The competition targets mobile-first builders working with the Seeker Android device and the platform’s dApp Store, continuing a pattern of increasingly ambitious developer incentives from the Solana Mobile team.

The prize structure rewards ten grand prize winners with $10,000 each, five honorable mentions at $5,000 apiece, and a separate $10,000 SKR bonus for the best integration with the Solana Mobile Stack. Beyond cash, winners also receive Seeker devices, prominent placement in the dApp Store, marketing support, and one-on-one consultations with Solana co-founder Anatoly Yakovenko.

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Building on a track record This is not Solana Mobile’s first rodeo with developer competitions. The first hackathon ran in 2025 with a $100,000 prize pool, and the second event, called MONOLITH, drew 403 submissions from teams across 66 countries, a 43% jump in participation compared to that inaugural run.

MONOLITH was organized in partnership with RadiantsDAO and ran for five weeks, closing in early March 2026. The 888 signups and 403 completed submissions across 66 countries suggest that mobile Web3 development has quietly assembled a global community of builders, not just a concentrated cluster of crypto-native insiders.

To qualify, teams needed to submit a functional Android APK with Solana Mobile Stack integration, Mobile Wallet Adapter support, and a demonstrably mobile-first design.

The SKR bonus track deserves attention separately. By specifically rewarding the best integration with the Solana Mobile Stack, organizers are nudging developers toward deep platform adoption rather than surface-level ports of existing web apps.

The 43% increase in submissions between the first and second hackathons is also a signal worth taking seriously. The growth trajectory from hackathon one to hackathon two suggests Solana Mobile’s developer credibility is accumulating, not eroding.

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

Terminal volume crossed the mark on Sept. 2 with GMGN taking almost half of it, and 91% of GMGN's trades settled on Robinhood Chain. DEX volume across all networks rose 26% over 30 days. GMGN's Solana volume was flat.

Crypto trading terminals settled more than $1 billion of volume in a single day on Sept. 2, the first time they have done so since January 2025, according to a Dune chart published by the analyst who goes by Adam on X.

The venue mix behind that number has changed since the last billion-dollar day. GMGN, the multi-chain terminal that took $479.7 million of the $1.03 billion total on Adam's count, now does nine of every ten dollars of its volume on Robinhood Chain, the two-month-old network Robinhood built for tokenized equities. Its Solana volume was $9.5 million that day, against $9.4 million 30 days earlier.

GMGN recorded $490.9 million of volume on Sept. 2, its third-largest day on record, DefiLlama data shows. The two bigger days were Oct. 8 and Oct. 9, 2025, at $519.2 million and $494.9 million. Its January 2025 peak, during the TRUMP memecoin launch, was $272.4 million on Jan. 19.

Ninety-One Percent RobinhoodRobinhood Chain accounted for $445.5 million of GMGN's Sept. 2 volume, or 90.7%. Thirty days earlier the chain carried $18.2 million of it.

GMGN's BSC volume went the other way over that stretch, from $91.6 million a day to $29.6 million. Across all chains the terminal settled $3.02 billion over 30 days against $2.49 billion in the prior 30-day window, a 21.5% increase. The record day came from Robinhood Chain; the rest of GMGN's footprint grew far less or shrank.

Fee income tracks the volume. GMGN took $2.46 million of revenue on Sept. 2, up from $956,000 on Aug. 26, and rose on each of the five days from Aug. 28. Its record is $5.74 million, set on Oct. 8, 2025.

Robinhood Chain's own DEX volume hit a record $1.67 billion on Sept. 1 and stood at $1.55 billion over the 24 hours to 20:24 UTC on Thursday, against $354 million on Aug. 3. The chain has settled $20.36 billion over 30 days versus $15.09 billion in the prior window, a 34.9% increase.

That ranks it second among all networks behind Solana at $2.29 billion over 24 hours, and ahead of Ethereum at $1.32 billion, BNB Chain at $1.14 billion and Base at $792 million. The Defiant reported on Sept. 1 that the chain had passed Ethereum, BNB Chain and Base on DEX volume as its launchpads took close to 70% of launchpad fees across crypto, and on Aug. 31 that it had topped Ethereum in daily app revenue.

Two Counts, One DayDefiLlama's own tally of the same category comes to $600.3 million for Sept. 2, because it classifies the field more narrowly. Its Trading App and Telegram Bot categories exclude basedbot, which Adam's query credits with $77.8 million, and the pump.fun mobile app, credited with $67 million; DefiLlama books the pump.fun app under Interface and puts its Sept. 2 volume at $17.9 million. Its adapter for fomo, the second-largest terminal on Adam's chart at $268.2 million, covers Solana only and reports $27.2 million.

The two counts agree on direction and on which terminal leads. DefiLlama's adapters exclude volume routed through venues it has not indexed, a limit it states in its Axiom methodology, so its terminal figures read as a floor.

Axiom, the largest Solana terminal through most of 2025, did $60.3 million on Sept. 2 by DefiLlama's count and $95.5 million by Adam's. Its daily volume has held flat for a month, against $61.3 million on Aug. 3, while its 30-day total nearly doubled to $2.36 billion from $1.22 billion. Photon did $1.5 million, Trojan $2.6 million and BullX $286,000.

V4 Passes V3The recovery extends past the terminal business. Volume across all decentralized exchanges reached $9.18 billion over 24 hours and $236.3 billion over 30 days, against $187.6 billion in the prior 30-day window, a 26% increase.

August settled at $233.5 billion, the strongest month since February and up from $197.2 billion in July. The market is still well short of its October 2025 record of $588.3 billion.

Uniswap V4 is the largest single DEX by 30-day volume at $28.21 billion, ahead of V3 at $26.54 billion. V4 is up 10.8% against the prior 30-day window and V3 up 7.4%, while Uniswap V2 fell 58.8% to $1 billion. Uniswap Labs switched on protocol fees for V4 pools on July 27, which nearly tripled protocol revenue at the time.

Among other venues, PumpSwap did $1.02 billion over 24 hours and is up 16.6% across the 30-day window. PancakeSwap Infinity is up 50.7%, Hyperliquid's spot order book 69.3%, and Kuru CLOB on Monad 547%. Monad's chain-level DEX volume went from $30 million a day on Aug. 3 to $134 million on Sept. 2. Hyperliquid's perpetuals venue traded $7.55 billion of notional across 233 markets over 24 hours, per The Defiant's read of the exchange's own API.

The Defiant reported in August that DEX spot volume had reached a record 24% of centralized exchange volume in July, in a month when overall spot volumes hit a two-year low.

The Wider BidThe volume came with a price rally. Bitcoin traded at $81,406, up 5.2% over 24 hours and 27.2% over 30 days, according to CoinGecko. Ether was at $2,507.61, up 34.3% over 30 days, and Solana at $105.22, up 41.9%. Total crypto market capitalization stood at $2.75 trillion.

Tokens tied to the venues taking the volume ran further. UNI traded at $6.26, up 35% over seven days and 60.3% over 30 days, for a $3.9 billion market capitalization. HYPE was at $85.38, up 55% over 30 days. PUMP was up 89.3% over 30 days. JUP, whose aggregator did $385.8 million over 24 hours, was at $0.2367, up 24.5% over 30 days.

Pons, the launchpad that exists only on Robinhood Chain and supplies much of the token flow the terminals trade, collected $5.95 million in fees on Sept. 2 against $1.46 million for pump.fun.

Claude and Grok have suffered consecutive outages, and ChatGPT is now also facing widespread errors.

Beating AI News Flash: Several major overseas AI services suffered consecutive outages tonight. Claude has encountered two rounds of failures this evening. Sonnet 5 began showing errors at 20:37 Beijing Time, and was announced restored at 20:56; half an hour later, Anthropic reported a larger multi-model error spike affecting Mythos/Fable 5.1, Mythos/Fable 5, Opus 5, 4.8, and 4.6. Claude.ai, Claude API, Claude Code, and Claude Cowork remain partially unavailable. Shortly after, Grok also went down. xAI marked the Grok Web as an "outage" at 21:30 Beijing Time, with no restoration announcement made as of press time. OpenAI has now joined the outage list. At 22:58 Beijing Time, OpenAI’s status page added an incident entry noting "increased error rates for ChatGPT and Codex", and stated it is investigating the issue.

4 minutes ago

Trump: US ammunition stockpiles are nearly unlimited, with unprecedented production capacity.

In a post, Trump said: "For those treasonous individuals who refuse to accurately report on our military operations in Iran, we have nearly unlimited quantities of medium and high-grade ammunition—far exceeding the amount that could be used in this or any other war (which is extremely unlikely to occur!). Additionally, we are producing ammunition at an unprecedented rate. We are stockpiling supplies and preparing for any possible contingency. We will keep these for ourselves and the United States, rather than selling them to other countries, but sales to allies will resume soon. Furthermore, let everyone know that the Biden administration sent far more ammunition to Ukraine than we would deploy in Iran, and it was completely free. Hundreds of billions of dollars were given away for free to Ukraine and NATO—money that Europe could have covered if only they had been required to pay. But we will recoup this money, albeit a bit late!"

4 minutes ago

Ethereum surpasses $2,500, with a 4.1% gain in 24 hours.

Per HTX market data, Ethereum has surged past $2,500, with a 4.1% gain over the past 24 hours.

4 minutes ago

Bitcoin surges past $80,000, gaining 3.5% in the past 24 hours.

According to HTX market data, Bitcoin has surged past $80,000, with a 3.5% gain in the last 24 hours.

4 minutes ago

Abu Dhabi’s IFM open-sourced six variants of the K2 Horizon model, covering sizes from 0.9 billion to 375 billion parameters.

Beating AI News Flash: The Institute for Foundation Models (IFM) under the UAE’s Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) has launched K2 Horizon, open-sourcing six models at once: 0.9B, 3.7B, 7B, 32B, 36B-A4B, and 375B-A23B. The 0.9B model is targeted at edge devices like smartwatches and glasses, while the 7B model can run on mobile phones. The largest 375B-A23B uses a Mixture of Experts (MoE) architecture, activating around 23 billion parameters per generated token. The institute stated that the 0.9B, 3.7B, and 7B models have set new benchmark records for their respective sizes. Beyond final model weights, training code, data or data construction recipes, intermediate checkpoints, training logs, and evaluation records are also made public. Some data is subject to license restrictions and cannot be redistributed directly, though its sources, construction methods, and ratios will be disclosed. The models and code are released under the Apache 2.0 license. Artificial Analysis scored the 375B-A23B an Intelligence Index of 47, close to MiniMax-M3’s 45. The model performs stronger on agent tasks but is relatively weaker in knowledge and complex reasoning.

4 minutes ago

Yangtze Memory Technologies' STAR Market IPO review status has been updated to "under inquiry".

According to the official website of the Shanghai Stock Exchange (SSE), the IPO review status of Yangtze Memory Technologies Co., Ltd. on the SSE STAR Market has been updated to "Under Inquiry". This status means Yangtze Memory has officially entered the SSE's listing review process, during which one or more rounds of written inquiries will be conducted on issues including the company's information disclosure and sci-tech innovation attributes. As China's largest 3D NAND flash memory manufacturer and the only domestic original 3D NAND manufacturer, Yangtze Memory independently developed the Xtacking (crystal stack) architecture, and is a memory IDM (Integrated Device Manufacturing) enterprise integrating chip design, manufacturing, packaging and testing.

4 minutes ago

Jupiter, the largest swap aggregator on Solana, is now live inside MoonPay’s PayBox, a non-custodial AI payment vault that lets users trade crypto by typing natural-language instructions into AI chatbots. The integration went live on September 3, connecting Jupiter’s routing engine, limit orders, dollar-cost averaging tools, and earn products to conversational interfaces powered by Claude, ChatGPT, and Grok.

What PayBox actually does MoonPay launched PayBox on July 29 as its bet on “agentic payments.” The core idea: users interact with AI assistants they already use, and PayBox handles the on-chain execution in the background.

The security model relies on multi-party computation (MPC) and trusted execution environments (TEE). Neither MoonPay nor the AI chatbot can independently access a user’s private keys. The keys are split across multiple parties, and transactions require a passkey from the user before anything moves on-chain.

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Users can configure permissions along a spectrum. “Always Ask” mode requires verification for every transaction. More autonomous settings allow the AI to execute trades within pre-set limits without additional confirmation, which is useful for recurring strategies like dollar-cost averaging.

Solana is the primary blockchain supported by PayBox, though it also works with several EVM-compatible networks including Ethereum, Base, Arbitrum, and Polygon.

Why Jupiter matters in this equation Jupiter has historically processed hundreds of billions in trading volume and handles a substantial share of all Solana DEX activity.

MoonPay CEO Ivan Soto-Wright framed the integration in characteristically direct terms.

“Jupiter is the standard for how serious traders trade on Solana.”

Jupiter reorganized its product suite into three pillars, Trade, Earn, and Manage, in July 2026. That restructuring now maps onto what’s accessible through PayBox, giving conversational AI users a path to tools that previously required navigating Jupiter’s own dashboard.

This isn’t the first time Jupiter and MoonPay have collaborated. Back in 2024, the two companies worked together to introduce fiat on-ramps to Jupiter Mobile, enabling card and Apple Pay purchases. The PayBox integration represents a deeper layer of connectivity, moving beyond simple fiat-to-crypto bridges into full trading functionality.

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An attacker exploited an outdated Rain card contract on Aug. 28, draining approximately $1.1 million from multiple stablecoin card programs operating on Solana, according to blockchain security company Blockaid.

Summary

An outdated Rain Solana contract allowed unauthorized withdrawals from card collateral accounts across multiple programs. Blockaid estimated approximately $1.1 million was stolen, with proceeds later entering Tornado Cash on Ethereum. Avici reported $500,859 drained from 1,685 users, while Tria identified $431,945 affecting 636 customers separately. Rain said every program using the vulnerable contract version was upgraded following the August attack. Self-custodial wallets remained unaffected because the attacker targeted separate contracts holding funded card balances instead. Avici and Tria were among the affected crypto neobanks. The two companies disclosed combined losses of more than $932,800 across 2,321 users. Blockaid said other Rain-supported programs were also exposed, bringing the estimated loss to approximately $1.1 million.

The attacker did not access customers’ self-custodial wallets or private keys. Instead, the exploit targeted collateral contracts holding stablecoins that users had deposited to fund their card balances.

Rain said its monitoring systems discovered a vulnerability affecting a “small number of programs” using an outdated version of its Solana card contract. The company upgraded every program still running the affected version, according to its public statement.

An attacker exploited an outdated Rain contract, draining $1.1M in user card balances from @avici, @useTria, and other crypto neobanks.

Blockaid's Onchain Monitoring gives stablecoin card issuers the capability to detect exploits across their fleet of contract deployments.

Read… pic.twitter.com/vzMQfPkdtT

— Blockaid (@blockaid_) September 2, 2026 The incident adds to wider concerns about contract and operational vulnerabilities. Crypto security failures caused approximately $1.1 billion in losses during the first half of 2026, according to research published by Blockaid.

Rain contract flaw exposed shared card infrastructure Rain provides infrastructure that allows crypto companies to issue cards funded with stablecoins. When customers fund their cards, the deposited assets move into collateral accounts managed through onchain contracts.

These balances are separate from assets held inside customers’ personal wallets. Once funds enter a card collateral contract, their security depends on the infrastructure provider’s code and authorization controls.

Blockaid identified four deployments containing code with the same opcode hash as the vulnerable contract. The security company said the attacker drained at least two deployments. The other two reportedly carried the same vulnerability but had no confirmed losses.

Rain confirmed that an outdated contract caused the incident. However, it has not published a complete technical report identifying every affected deployment or explaining why some programs continued using the older version.

The situation resembles other incidents in which outdated or repeatedly vulnerable infrastructure remained active. In related coverage, attackers exploited the same Verus bridge contract twice within two months, raising similar questions about upgrades across shared deployments.

The Rain incident did not represent a compromise of Solana itself. The blockchain continued processing transactions normally while the attacker exploited application code deployed on the network.

Reused signature bypassed withdrawal controls The outdated Rain contract required two independent authorizations before allowing certain account actions. It used Solana’s Ed25519 verification instructions to confirm the required signatures.

According to Blockaid’s analysis, the attacker manipulated the second verification instruction. Its signature, public key and message offsets pointed back to information contained in the first instruction.

The vulnerable contract therefore accepted one attacker-controlled signature as two independent approvals. This allowed the attacker to satisfy the authorization requirement without permission from the owners of the collateral accounts.

After bypassing the signature check, the attacker used an AddCollateralAdmin instruction to give itself administrative privileges over individual accounts. It then called WithdrawCollateralAsset to transfer USDC and USDT from those accounts.

Blockaid recorded 2,945 administrator additions and 5,288 withdrawal calls. The company identified 8,233 core exploit transactions over approximately two hours and 29 minutes.

The operation proceeded at an automated pace. Blockaid said the first two successful withdrawals occurred three seconds apart, indicating that the attacker had prepared a system for targeting multiple accounts.

Customers did not authorize the malicious transactions. The exploit occurred at the contract level, meaning protections against phishing or malicious wallet signatures would not have prevented these withdrawals.

A different application-level weakness recently exposed another protocol when faulty collateral controls enabled a $75 million DeFi exploit. In both cases, the underlying networks continued operating while application logic allowed unauthorized activity.

Attacker moved funds through deBridge The withdrawn USDC and USDT accumulated in one Solana wallet identified as FVNFzqAny8spWdPmYw6RQ9TkYa29ueFFiqCFD1gQnCEj.

The attacker exchanged the stablecoins for SOL through decentralized trading platforms. Blockaid then traced the proceeds from Solana to Ethereum through the deBridge cross-chain protocol.

Approximately 455.9 ETH entered Tornado Cash between 19:20 and 19:49 UTC, according to Blockaid. Tornado Cash pools deposits and permits withdrawals to addresses that are not publicly connected to the original sending wallets.

The mixer therefore made subsequent movements harder to trace through public blockchain records. Blockaid said the stolen funds had not been recovered after entering Tornado Cash.

The use of cross-chain infrastructure added another stage to the laundering route. Crypto bridges have also become direct targets, with a forged transfer exploit draining $11.5 million from the Verus Ethereum bridge earlier in 2026.

Blockaid connected two Ethereum addresses to the initial financing of the Rain attacker’s Solana activity. Neither Rain nor law enforcement authorities have publicly identified the people controlling those addresses.

The company’s statements about detecting the attack and tracing the funds represent its own findings. Blockaid provides security and monitoring services to crypto companies, including stablecoin card issuers.

Avici and Tria disclose customer losses Avici reported that the attacker removed $500,859.22 from card balances belonging to 1,685 users. The company said it refunded all affected customers and provided 10% cashback following the incident.

Tria disclosed approximately $431,945 in losses across 636 customers. It said in an official update that each affected customer was being reimbursed.

The two disclosures account for $932,804.22 of the estimated losses. Blockaid also named Solayer Pay as an affected program, but no independently verified figure for its losses was available.

The difference between the disclosed Avici and Tria losses and Blockaid’s $1.1 million estimate appears to involve other Rain-supported programs. A complete breakdown has not been published.

Avici’s token fell 49% from its daily high after reports of the exploit emerged, according to market data. The token reached a reported low of $0.217 before partially recovering. Tria’s token also declined by more than 10% at one point.

Those price movements followed public reports of the attack, although broader market conditions may also have influenced trading.

Rain upgrades affected contract deployments Rain said all card programs using the outdated contract had been upgraded. The company reported no additional unauthorized activity after completing the changes.

It also said affected users would be made whole. Rain has not disclosed whether it will reimburse card programs directly or whether individual providers will carry the costs.

Several questions remain unanswered. Rain has not released the vulnerable contract’s full version history, the date the flaw was introduced or the reason older deployments remained active.

The company also has not disclosed whether an audit identified the authorization flaw before the attack. No recovery of the funds deposited into Tornado Cash has been publicly reported.

The episode renews questions about whether periodic audits provide enough protection after contracts enter production. Recent industry research found that institutions increasingly want continuous monitoring alongside traditional security audits, particularly for contracts holding user assets.

A detailed technical report would allow outside researchers to confirm the vulnerability and determine whether similar code remains active elsewhere. Card providers may also review how they track contract versions and limit administrative permissions across shared infrastructure.

Users can retain control of their personal wallets while still facing risks after depositing funds into a card program. The security of those balances depends on the contracts holding the collateral, the provider maintaining them and the operators responding when vulnerabilities emerge.

Ripple (XRP), Cardano (ADA), and Solana (SOL) show mild gains on Thursday, holding at crucial support levels amid easing bullish momentum. The technical outlook for XRP, ADA, and SOL indicates downside risk as the US-Iran war weighs on the broader crypto market. 

Ripple pulls back below 200-day EMARipple trades around $1.3685 on Thursday, holding a bullish near-term bias as price advances above the 50-day and 100-day Exponential Moving Averages (EMAs) at $1.2227 and $1.2191, respectively.

Despite this constructive positioning, the 200-day EMA at $1.3827 now acts as the overhead barrier. A confirmed breakout above this level could see XRP extend its recovery toward the August 23 high at $1.5507.

The Moving Average Convergence Divergence (MACD) has moved below its signal line, with a slightly expanding negative histogram, suggesting that upside momentum is softening as the Relative Strength Index (RSI) near 60 approaches the neutral zone from overbought territory.

XRP/USDT daily price chart.On the downside, initial demand is seen around the clustered dynamic supports provided by the 50-day and 100-day EMAs near $1.2227 and $1.2191, with deeper structural support traced back toward the prior breakout area around $1.0573.

Cardano rebounds from key support clusterCardano is up nearly 2% on Thursday, advancing its 2% rise from the previous day. The mild recovery suggests a constructive near-term bullish bias, with price trading above both the 50-day EMA at $0.1925 and the 100-day EMA at $0.1975 while tracking an upward-sloping support trendline around $0.1838.

However, the broader recovery is still capped by the 200-day EMA at $0.2531 overhead, reinforced by an ascending trendline. Cardano must clear above this zone for a sustained recovery toward the February 2 high at $0.2991.

The MACD declines below its signal line and remains marginally above zero, suggesting that upside momentum is waning, while the RSI, at 54, drops from the overbought zone into neutral territory.

ADA/USDT daily price chart.Immediate support is seen at the recent $0.2051 area, with stronger demand clustered around the 100-day EMA at $0.1975 and the 50-day EMA at $0.1925.

Solana is back at $100Solana trades around $100 at press time on Thursday, maintaining a bullish near-term bias as price holds above the 50-, 100- and 200-day EMAs clustered between roughly $83.85 and $93.58, which collectively underpin the broader uptrend.

The RSI at 63 is declining from overbought territory, indicating easing bullish momentum, while the MACD has slipped marginally below its signal line, hinting at waning upside momentum.

The next notable structural barrier is the horizontal resistance line at $116.88, marked by the December 18 low, which would come into focus only if buyers extend the ongoing advance.

SOL/USDT daily price chart.On the downside, immediate support is at the current price level near the $100 psychological threshold, reinforced by the February 1 low at $98.02, followed by the 200-day EMA around $93.58.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

TLDR Table of Contents

US-based Solana spot ETFs have achieved 11 uninterrupted days of positive net inflows, with $10.9M recorded on September 1 Cumulative ETF net inflows have surged to $1.35 billion, while total assets under management reach $1.39 billion Derivatives trading volume for SOL increased 22% to $9.43 billion, though open interest saw a marginal decline SOL maintains position above critical $95 support zone with potential breakout levels identified at $110 and $120 Technical analyst Wealthmanager projects long-term price objective of $250 contingent on support level maintenance Solana (SOL) is currently changing hands near $99 following a modest correction of approximately 3% over the last 24-hour period. However, this short-term retracement hasn’t diminished the impressive 35% gain SOL has registered across the previous two weeks.

Solana (SOL) Price The cryptocurrency dipped to $99.35 but managed to defend the psychologically significant $100 threshold throughout most of the trading session. Trading activity has been contained within a range of $97.38 to $100.71.

Solana ETFs in the US Achieve 11-Day Consecutive Inflow Streak Exchange-traded funds tracking Solana spot price in the United States have now registered positive net inflows for an unbroken sequence of 11 trading days. September 1 witnessed daily net inflows of $10.19 million, while the prior session contributed $10.9 million.

Aggregate net inflows spanning all available products have climbed to $1.35 billion. Total assets under management across these instruments stood at $1.39 billion, accompanied by $68.55 million in daily trading volume.

Bitwise dominated daily capital attraction with $6.17 million in new inflows, while Fidelity captured $2.67 million. Morgan Stanley contributed $1.36 million to the total, whereas other registered funds reported zero new capital influx for the period.

Bitwise maintains the commanding position among providers, managing $949.83 million in assets with cumulative lifetime inflows reaching $1.03 billion. This sustained streak demonstrates consistent institutional appetite even amid temporary price volatility.

Cryptocurrency market analyst Ali Charts shared insights on X, urging his audience to abandon bearish positioning on Solana. He emphasized that the technical configuration is shifting toward bullish territory and suggested securing positions ahead of the next significant price movement for $SOL.

Solana Derivatives Market Displays Heightened Trading Activity Trading volume in Solana derivatives contracts expanded 22% to reach $9.43 billion, indicating elevated trader engagement. Conversely, open interest contracted 1.40% to $6.47 billion, implying that certain leveraged positions underwent liquidation or closure.

Options contract volume surged 19.30% to $15.18 million. Open interest in options contracts experienced a modest 2% increase to $135.98 million.

The Relative Strength Index currently registers at 62.15, having retreated from previously overbought conditions. The Chaikin Money Flow indicator reads 0.25, signaling continued capital accumulation within SOL.

Solana continues defending the $95 support threshold, which market analysts identify as essential for preserving the current recovery trajectory. A confirmed daily close above $100 would establish a pathway toward the $110 resistance zone.

Successfully breaching $110 with substantial volume could trigger further upside momentum toward the $120 level. Market analyst Wealthmanager identified $250 as a viable long-term objective should SOL successfully validate its previous resistance area as new support following a breakout from the macro downtrend pattern.

On the bearish scenario, failure to hold $95 would expose SOL to downside pressure toward the $90 level. A decisive breakdown below $90 would redirect market attention toward the $80 support zone.

The latest ETF statistics confirmed $10.9 million in net inflows on September 2, extending the remarkable 11-day positive streak.

2 hours ago

According to DeFiLlama data, Robinhood Chain’s 24-hour DEX trading volume hit approximately $1.851 billion, marking the sixth consecutive day it has set a new all-time high. Currently, this volume ranks second among all blockchains, trailing only Solana (around $2.531 billion) and outpacing Ethereum (around $1.32 billion), BSC (around $1.181 billion), and Base (around $800 million). Over the same period, Robinhood Chain’s on-chain fees stood at roughly $4.45 million, while its on-chain revenue reached about $4.01 million—both ranking first in DeFiLlama’s chain metrics. Breaking down the figures: Robinhood Chain’s 24-hour Chain Fees totaled around $4.45 million, while the combined fees of Solana, BSC, Ethereum, and Base came to roughly $1.49 million. In terms of revenue, Robinhood Chain’s 24-hour network layer revenue hit approximately $4.01 million, compared to just $288,000 in combined revenue from Base, Solana, Ethereum, and BSC. This means Robinhood Chain’s single-chain daily revenue is roughly 13.9 times the combined total of these four chains. Furthermore, the surging trading activity on Robinhood Chain has caught the attention of wallet projects. OKX Wallet announced today that users trading Robinhood Chain tokens via OKX’s built-in DEX will receive a limited-time full gas fee subsidy. Binance Wallet also announced the launch of a 20% fee reduction promotion for Robinhood Chain today.

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Solana (SOL) is currently trading around the $100 mark after a recent rebound from $109, raising questions about whether the digital asset can maintain this support or might retest lower levels. Latest CoinGecko figures indicate that Solana remains in positive territory across multiple time frames, having climbed nearly 37% over the past month.

Market conditions and price historySolana, a blockchain platform known for its high-speed transactions and low costs, has experienced notable volatility in recent years. After the collapse of FTX in 2022, SOL’s price dropped sharply, briefly falling below $10. Despite this downturn, Solana staged a strong recovery, reaching a record high of $293.31. At current levels, SOL’s price remains down by 65.6% compared to this all-time peak.

Solana has shown resilience following significant market setbacks, recording substantial price recoveries despite previous declines linked to broader cryptocurrency turmoil and institutional failures.

The recent price increase for Solana followed Bitcoin’s climb past $80,000, which ignited a broader market upswing. Analysts point to two key developments behind this rally. First, US President Donald Trump hosted a cryptocurrency-focused event at the White House, during which he stated the US government’s intent to purchase a significant amount of Bitcoin and other digital assets. This announcement appeared to bolster investor confidence, benefiting the overall market and SOL in particular.

Additional momentum came from US Treasury bond buybacks, which injected liquidity into financial markets and are believed to have indirectly increased capital flows into the crypto sector.

Mini dictionary: US Treasury bond buybacks, government operations where the Treasury repurchases outstanding bonds from the market, can affect liquidity by increasing cash availability for investors and institutions.

Potential risks: Interest rates and liquidity concernsDespite the rally, market observers caution that a correction may be imminent. Solana could transition to a sideways trading phase, but there remains a significant risk of the price dropping below the $100 threshold. A key factor is the prospect of tighter monetary policy. Federal Reserve Chair Kevin Warsh delivered a hawkish speech at the Jackson Hole meeting, indicating that an interest rate hike is possible this year. Higher rates typically create headwinds for risk assets, including cryptocurrencies such as SOL.

The outlook for Solana will depend on how macroeconomic policy evolves, with rising interest rates and tightening liquidity both presenting possible challenges for digital asset valuations.

In addition, the temporary increase in liquidity from Treasury bond repurchases may be reversed in the near future. Should the Treasury withdraw this excess liquidity, pressure on the cryptocurrency market could intensify.

If Solana loses its $100 support, analysts believe its price may settle around $70, reflecting the volatility and vulnerability of the current market environment.

Price PointsContext$293.31All-time high$109Recent local high$100Current support level$70Potential support if price fallsBelow $102022 post-FTX low

Circle mints an additional 250 million USDC on the Solana blockchain.

Solana hovered close to $100 early Thursday following a sharp rally that met renewed selling, leaving its short-term direction in question. Traders faced a split technical picture, with downside targets near $94.83 and $90.46 as short-term support, while bullish signals emerged on higher timeframes.

Wave 4 correction highlights $94.83-$90.46 support zoneAnalysts at More Crypto Online identified Solana’s recent dip as part of a wave 4 correction after the loss of intraday support and a breakdown below the lower edge of its prior rising channel. The one-hour chart mapped out a potential C wave decline before a renewed push higher within the broader bullish structure.

Solana had recently touched a high near $109 but reversed after failing to sustain the ascending channel that had previously guided its move up. The price fell to approximately $99.45 at the time the technical chart was captured, confirming the break of channel support and prompting an immediate bearish shift.

Clear support levels emerged at $94.83 and $90.46 on the Fibonacci retracement scale. The first marks the 38.2% retracement from the recent move, while the second represents the 50% level. These figures now form a crucial support band for Solana’s ongoing correction phase.

A decisive rebound above $94.83 would increase the likelihood that the wave 4 correction is ending, potentially shifting the trend back in the bulls’ favor. However, regaining the broken channel and retesting the $103 to $107 range is seen as necessary before any further challenge of the $111 resistance level can materialize.

Price LevelSignificance$94.8338.2% Fibonacci, key support for ongoing correction$90.4650% Fibonacci, deeper support if $94.83 fails$103-$107Range to reclaim for bullish momentum$111Major resistance for further advanceA sustained drop through $90.46 could undermine the current wave structure and suggest a risk of deeper corrective losses for Solana in the short term.

Daily chart nears potentially bullish moving average crossoverCrypto Rover, a popular cryptocurrency analyst, called attention to a potential bullish development on Solana’s daily chart as the 50-day simple moving average approaches a crossover above the 100-day average. This technical setup follows Solana’s strong rally from the $70 range and its push past both moving averages.

At the displayed chart values, the 50-day SMA stood at $80.59 while the 100-day SMA was at $80.67. Although the crossover was not confirmed at the time, the narrowing spread hinted that a bullish signal could soon materialize if upward momentum persists.

Solana remained above both moving averages even after its pullback from the $109 peak to around $99, signaling that the daily recovery has stayed largely intact despite short-term pressure.

Confirmation of the crossover would occur if the 50-day SMA rises above the 100-day SMA and Solana continues to hold above its recent breakout. The main immediate obstacle on the upside lies between $104 and $109, followed by the more significant resistance at $111.

This combination of technical signals highlights distinct timeframes: Solana may face further near-term declines to $94.83 or $90.46, yet maintain an overall constructive daily outlook as long as significant support holds.

Solana last traded near $100 early on September 3 after joining a broader retreat among major digital assets during Wednesday’s risk-off shift. Market sentiment appeared steadier on Thursday as global Treasury yields eased, though ongoing geopolitical tensions and expectations for the Federal Reserve continue to shape the backdrop for risk assets such as cryptocurrencies.

Key support for Solana sits between $94.83 and $90.46 as bulls attempt to stabilize the short-term correction, while a pending bullish moving average crossover on the daily chart could signal a resumption of broader upside momentum.

Crypto’s marquee NFT marketplace is once again opening its arms to Solana collectibles. After scrapping a beta period for Solana NFTs in 2022, Opensea has re-enabled support for the network’s expansive and diverse range of onchain collectibles.

The return of Solana NFTs to Opensea comes as the network’s collectibles scene embraces exotic RWAs, like TCGs, Watches, and dinosaur bones. 

Meanwhile, the NFT OGs of yesteryear are still eagerly awaiting the long-promised launch of Opensea’s native token, $SEA, which was teased back in February 2025.

Solana NFTs Are Heading Back to OpenSea Opensea, an iconic NFT marketplace boasting over $48.9B in cumulative volume, has reopened its doors to Solana-based assets and collections. The announcement comes four years after the venue sunset a beta testing period which initially brought 165 OG Solana collections to NFT’s biggest stage in 2022.

While much of the wider crypto community would argue that NFTs have died forever and we’ll never see the fervor and rampant speculation of 2021, one could argue that the market and technology has simply evolved. 

Generative pfp collections, like the Bored Ape Yacht Clubs and Solana Monkey Businesses that broke out into mainstream media in 2021 certainly don’t fetch the high-ticket sales of the past. However, tokenized exotic RWAs, like TCGs, watches, and other collectibles are rapidly emerging as one of crypto’s strongest verticals, with platforms like Collector Crypt witnessing strong demand and rising volumes.

By re-integrating Solana NFTs, Opensea gives its existing EVM userbase greater access not only to Solana’s OG NFT collections, but also to the emerging crop of exotic RWAs and onchain collectibles being pioneered on the network.

OpenSea Traders Still Waiting for $SEA While Opensea’s embrace of Solana was met warmly from all corners of the crypto economy, the platform’s loyal users have had their biggest questions left unanswered. With Opensea taking over the timeline once again, disgruntled users jumped on the opportunity to air their grievances against the company, which promised to airdrop its community back in February 2025.

Opensea users are demanding answers over the lengthy delays of its eagerly-anticipated TGE (Token Generation Event). $SEA was originally expected to be launched in Q1 this year, but the Opensea team ultimately decided to postpone the launch until market conditions improved.

Since then collectors and traders have expressed frustration over ongoing activity campaigns, while others are losing hope that the platform will ever make good on its promise, and the $SEA token will never set out on its maiden voyage.

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OpenSea has added Solana NFT trading to OS2, giving users access to collections such as Mad Lads and Claynosaurz through its multichain marketplace.

Summary

OpenSea now allows users to browse, buy, sell, and bid on supported Solana NFT collections. The Aug. 31 release extends OS2’s existing Solana services beyond fungible-token trading. Mad Lads, Claynosaurz, Collector Crypt, and Phygitals were available during the initial rollout. OS2 now competes more directly with Solana-focused marketplaces such as Magic Eden and Tensor. OpenSea said in an Aug. 31 announcement that collectors can now browse, purchase, sell, and place bids on supported Solana NFTs through OS2. The launch includes Mad Lads, Claynosaurz, Collector Crypt, and Phygitals, among other collections built on the network.

Within the same interface, collectors can manage Solana NFTs without changing wallets or visiting a separate marketplace, according to the company. Creators using Solana can also list their work for OpenSea users who may already trade assets issued on other blockchains.

Solana token trading was already available through OS2 before the latest release. Adding NFT functions fills a gap in the platform’s support for the network, as users can now trade both fungible and non-fungible Solana assets through one account.

Released publicly in May 2025 after a testing period, OS2 initially offered token trading across 19 chains. The rebuilt platform also introduced cross-chain features, marketplace aggregation and support for tokens alongside the NFT products associated with OpenSea’s original business.

By Aug. 27, OpenSea said its market data covered more than 25 networks. Four days before the Solana NFT announcement, the company connected its market data to Perplexity Computer, allowing the AI service to answer questions about tokens, collectibles and onchain trading activity.

OpenSea co-founder and CEO Devin Finzer described the data used by AI agents as “open, live, and verifiable” when announcing the Perplexity integration. The service can identify heavily traded assets and collections by drawing from current OpenSea activity rather than relying only on token price feeds.

Solana support adds competition for NFT marketplaces For Solana collectors, OpenSea’s release adds another place to trade collections that have largely depended on marketplaces with an established presence on the network. Magic Eden began as a Solana-focused platform before adding support for other ecosystems, while Tensor has built products around professional Solana NFT traders.

OpenSea’s entry creates more overlap among the marketplaces, though the company did not provide trading-volume targets, user projections or market-share estimates for its Solana product. Its announcement focused on access to collections and the ability to use existing wallets across supported networks.

The release also restores a service that OpenSea had tested several years earlier. In April 2022, the marketplace introduced Solana NFT support in beta, making Solana its first supported non-Ethereum Virtual Machine network. The new OS2 implementation brings Solana collections back into the platform more than four years after that initial test.

Competition now extends beyond individual NFT listings because the largest marketplaces have added networks, wallets, and token products to retain users. OpenSea has followed that model through OS2, combining its NFT marketplace with fungible-token trading and products that can pull liquidity from several chains.

Its July 2025 acquisition of Rally Wallet added a mobile-first wallet business focused on NFTs and tokens. OpenSea planned to place Rally’s technology within its product range, while Rally co-founder Chris Maddern joined the company as chief technology officer.

OS2 had launched two months before the Rally transaction with real-time liquidity aggregation and cross-chain functions. The wallet purchase gave OpenSea another route to develop mobile trading without separating token activity from NFT portfolio management.

OpenSea continues adding products beyond NFTs While restoring Solana NFT trading, OpenSea has continued developing services outside its original collectibles market. In June, product executive Zack Brenner asked users about early access to perpetual futures and later indicated that Hyperliquid could supply the infrastructure.

The planned perpetual futures product would place OpenSea closer to crypto platforms that combine spot tokens, derivatives, and rewards. However, the company had not announced a release date or provided final product terms at the time of the report.

Product releases have moved ahead while OpenSea’s SEA token remains delayed. The company introduced SEA in February 2025 and initially expected to release it around March 30, 2026, with proposed uses including governance, reduced trading fees and staking linked to NFT collections.

In March, Finzer postponed the SEA launch and cited difficult market conditions. OpenSea did not provide a replacement date, while users who joined parts of its Waves rewards campaign received an option to recover certain platform fees by giving up associated Treasure Chest rewards.

The token was intended to support OpenSea’s plan for an application covering NFTs, fungible assets and other forms of crypto trading. Solana NFT support advances the product side of that plan without changing the unresolved schedule for SEA.

US regulatory questions remain relevant to OpenSea For US users, access to Solana NFTs comes after the Securities and Exchange Commission ended an investigation into OpenSea without filing charges. The agency had issued a Wells notice in August 2024, indicating that its staff could recommend enforcement action based on the view that some NFTs traded through the marketplace might qualify as securities.

OpenSea said in February 2025 that the SEC had closed the investigation. Finzer called the decision a victory for NFT creators and argued that treating NFTs as securities would misinterpret existing law.

No enforcement case followed the Wells notice, but the closure did not create a general exemption for every NFT or marketplace operating in the United States. The legal status of an individual digital collectible can still depend on how it is issued, marketed, and sold under US securities law.

In April 2025, crypto.news previously reported that OpenSea had asked the SEC to clarify that NFT marketplaces should not be treated as securities exchanges or brokers. The company’s legal team argued that platforms such as OpenSea do not execute transactions, hold customer assets, or act as intermediaries in the same way as traditional securities firms.

THE STREET: Solana Foundation president sees a 'token supercycle' reshaping finance

September 2026 brings another significant round of token unlocks across the Solana ecosystem, with more than a dozen projects scheduled to release additional supply. The month's largest events include $TRUMP, $PUMP, $CARDS, and $YZY, while several other tokens continue predictable linear vesting schedules.

Here is a breakdown of the most notable Solana ecosystem token unlocks scheduled for September 2026.

$TRUMP The Official Trump token will release 28.271 million $TRUMP through linear vesting during September, valued at approximately $60.25 million. The unlock represents 10.35% of the circulating supply and 2.71% of the total supply.

This makes $TRUMP the month's largest unlock by dollar value. The token remains closely linked to the broader crypto business interests of U.S. President Donald Trump, adding another layer of market attention around the supply event.

$PUMP Pump.fun will unlock 6.875 billion $PUMP through linear vesting in September, valued at approximately $28.8 million. The release represents 1.73% of circulating supply and 0.82% of total supply.

September marks the third month of the project's recurring monthly distributions following the expiration of its original 12-month cliff in July.

$CARDS Collector Crypt will unlock 59.26 million $CARDS on September 29, valued at approximately $10.16 million. The release represents 6.35% of the circulating supply and 2.99% of the total supply.

The unlock follows Collector Crypt's confirmation of a major token buyback and burn. Last week, the team confirmed that it had accumulated a total of 22.49 million $CARDS, equivalent to around 5.4% of circulating supply, and subsequently burned the entire amount.

Collector Crypt also crossed $91 million in net revenue in August, less than 3 months after reaching $1 billion in total platform volume. Meanwhile, the $CARDS token turned 1 year old on August 29.

To mark those milestones, Collector Crypt plans to bring back its Gacha Games throughout September. The campaign will feature challenges, competitions, rewards, and other activities across the platform.

$GRASS Grass will unlock 17.13 million $GRASS across September 27, September 28, and ongoing daily vesting. The release carries an estimated value of $7.24 million and represents 2.53% of the circulating supply and 1.71% of the total supply.

The token enters September after spot trading for $GRASS launched on Coinbase on August 26. The new trading venue gives the token broader market access as Grass continues developing its DePIN network and community ecosystem.

$KMNO Kamino will unlock 229.17 million $KMNO on September 30, valued at approximately $5.51 million. The release represents 4.21% of the circulating supply and 2.29% of the total supply.

$KMNO’s unlock schedule produces a steady monthly unlock of approximately 229.16 million $KMNO, excluding other emissions such as community initiatives.

More than 8 billion $KMNO has already been unlocked, representing over 80% of the token's total supply. September's release therefore continues an established distribution pattern.

$CLOUD Sanctum will unlock 10.45 million $CLOUD through linear vesting during September, valued at approximately $207,600. The release represents 1.71% of circulating supply and 1.04% of total supply.

However, the token faces a potentially much larger supply change beyond the scheduled unlock. Sanctum, Solana's largest protocol by DeFi TVL, has proposed burning 259 million $CLOUD tokens. The proposed burn would reduce total supply by roughly 25%, from 1 billion to 741 million tokens.

Sanctum also plans to rename the token ticker from $CLOUD to $SANC. The proposal would not change the token address or its underlying tokenomics.

What to Watch September's unlock schedule centers on several sizeable supply events, with $TRUMP leading the month at approximately $60.25 million, followed by $PUMP at $28.8 million and $CARDS at $10.16 million.

Meanwhile, $GRASS enters the month after gaining Coinbase spot trading access. Sanctum may also introduce one of the month's most notable supply changes if its proposal to burn 259 million $CLOUD receives approval, potentially reducing total supply by roughly 25% before the planned transition to the $SANC ticker.

As always, token unlocks do not automatically determine price performance but provide only one part of the broader market picture. However, tracking the size of each release, its impact on circulating supply, and developments around each project can help investors better understand changing supply dynamics across the Solana ecosystem.

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September is shaping up to be a busy month for Solana token holders, with roughly $100 million worth of tokens set to hit the market across three major unlock events. The largest of the three involves the Official Trump token ($TRUMP), which will release 28.271 million tokens valued at approximately $60.25 million through linear vesting.

That release alone represents 10.35% of $TRUMP’s circulating supply and 2.71% of its total supply.

Three unlocks, three different stories The $TRUMP unlock is the headline act, but it’s not performing solo. Pump.fun ($PUMP) is scheduled to release 6.875 billion tokens during September, estimated at around $28.8 million. That figure represents 1.73% of $PUMP’s circulating supply.

This marks the third consecutive month of post-cliff distributions for Pump.fun. Cliff vesting works like a dam: tokens are held back entirely until a set date, then they start flowing. Once the cliff passes, tokens typically unlock on a regular monthly or daily schedule.

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The third notable unlock belongs to Collector Crypt ($CARDS), which will release 59.26 million tokens on September 29, valued at $10.16 million. That accounts for 6.35% of its circulating supply. Unlike the other two unlocks, this one comes paired with what could serve as a counterweight: the project has announced a token buyback and burn to coincide with the release.

A buyback and burn is exactly what it sounds like. The project uses treasury funds to repurchase tokens from the open market and permanently destroy them, reducing total supply.

Why token unlocks matter more than you think When a large chunk of previously locked tokens enters circulation, it increases supply. If demand doesn’t keep pace, prices tend to fall.

The proportional size of the unlock matters enormously. $PUMP’s 1.73% addition to circulating supply is a manageable drip. $TRUMP’s 10.35% is more like opening a fire hydrant. $CARDS sits somewhere in between at 6.35%, though its buyback mechanism adds a variable that’s harder to model.

Beyond these three marquee events, multiple additional projects across the Solana ecosystem are running their own linear vesting schedules throughout September.

The political wildcard $TRUMP occupies a unique position in this lineup. Its market behavior has consistently tracked with US political developments rather than following typical crypto market patterns.

Investors and traders are paying close attention to the $TRUMP unlock for exactly this reason. The combination of a politically charged narrative and a double-digit percentage increase to circulating supply creates conditions where large moves in either direction are plausible.

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

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