Track market-moving stories before they get noisy

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The calm around Ethereum and Solana’s monetary policies is cracking. A quiet but consequential debate is spreading through both ecosystems, centered on a single uncomfortable question: are they overpaying for network security?

Galaxy Research Vice President Lucas Tcheyan framed the situation in a research note that puts both networks at a similar crossroads. Stakeholders are asking exactly how much token issuance is necessary to keep the chains secure, and whether current inflation schedules make sense. No decision has been reached. The conversation is still in its reassessment phase. But the fact it is happening at all signals a shift in how the market might think about long-term supply.

The Unanswered Security Equation Ethereum’s move to proof of stake was supposed to bring its inflation under control. And it did. Base issuance dropped dramatically, and fee burns via EIP-1559 often make the asset deflationary during periods of high activity. Yet the network’s security model still rests on paying validators enough to keep them honest, and that requires a steady stream of new tokens.

Solana faces a different version of the same math. Its inflation schedule was baked in at genesis, starting at 8% annually and declining toward a long-run rate of 1.5%. Validators, stakers, and token holders are now questioning whether that glide path is too generous, leaving more coins in circulation than is strictly needed for a network that has matured considerably since its launch.

Amid robust developer engagement—both chains continue to lead weekly developer activity rankings—the economic fundamentals are under fresh scrutiny because the cost of security is increasingly linked to token value, not just validator uptime.

What Lower Inflation Would Mean for Supply Tcheyan’s note points to a potential market repricing of ETH and SOL if stakeholders conclude that less issuance can still protect the networks. Lowering inflation rates would tighten the new supply hitting the market, altering the supply-demand dynamic that has been a headwind for both assets since the 2022 cycle low. For Ethereum, that could mean accelerating the path to structural deflation. For Solana, it would flatten an issuance curve that already faces selling pressure from validator rewards.

But the reverse risk is equally real. If the internal debate settles on maintaining or even raising inflation, the supply overhang would persist. That outcome is not priced in yet, and it is one that long-term holders in both camps are beginning to calculate more seriously.

Stakeholder Pressure, Not Protocol Edict The discussion is driven from the ground up. Network participants—validators, stakers, application developers—are the ones linking security costs with token economics. That linkage is not abstract; it reflects a growing awareness that a chain’s monetary policy can become a competitive differentiator. Networks that over-issue for security risk alienating capital allocators who are tired of dilution stories. Those that under-issue face existential questions if staking participation drops during a stress event.

No formal proposal is on the table in either ecosystem, and governance processes for changing something as fundamental as inflation are deliberately slow. The coming months will reveal whether this remains a theoretical exercise or evolves into concrete proposals that could shift the supply trajectories of the two largest smart contract platforms.

AUTHOR

Freelance writer and crypto enthusiast with a focus on Web3, delivering clear and engaging articles. Known for his well-researched articles and insightful analysis, Shayan covers a broad range of topics including market trends, blockchain technology, decentralized finance (DeFi), and emerging crypto projects. His writing aims to educate both beginners and experts, providing clear, engaging content that helps readers stay informed about the fast-evolving crypto space. Shayan's expertise and dedication make him a trusted voice in the blockchain community.

Solana is showing renewed technical strength as its native token, SOL, surged above a key descending trendline, signaling a shift in market sentiment. Recent price action has put the spotlight on short-term resistance levels between $77.50 and $98, with analysts indicating that a confirmed move beyond these levels could pave the way toward a $120 target.

Technical breakout follows prolonged consolidationAfter weeks of consolidation, Solana has attempted a bullish breakout from a large symmetrical triangle pattern on the daily SOL/USDT chart. The token recently moved above the descending resistance line near $75, aligning with chart analysis by Ted Pillows, an independent analyst. This move suggests the long period of volatility compression may be coming to an end, potentially unleashing further upward momentum.

SOL is currently trading near $76.56, marking a daily gain of approximately 3.9%. This upward push allowed the token to overtake the trendline that has constrained growth since the market reached near $99 earlier in the year.

The identified triangle consisted of converging trendlines: a descending resistance line and a rising support line that originated around the June low at $60. As prices repeatedly bounced off rising support, volatility continued to narrow until the latest breakout attempt.

The immediate technical question is whether SOL can confirm this move. A daily close above the previous resistance zone at $74–$75, supported by further buying, would reinforce the bullish case. The next resistance cluster is situated between $77.50 and $80, a region where multiple rallies have previously stalled.

If buyers succeed in defending the former breakout area, now viewed as support near $74–$75, it would suggest an improving market structure. Below that, the rising trendline around $72–$73 serves as a secondary support level. Conversely, a decisive break below these zones would risk invalidating the bullish outlook stemming from the triangle formation.

Technical analysis points to Solana needing to hold above $74–$75 and move past resistance at $77.50–$80 to keep the bullish pattern intact. A confirmed breakout could lift targets toward $120 if follow-through buying continues.

For now, upbeat momentum gives Solana bulls a technical advantage. However, market participants are closely watching for confirmation through sustained closes above resistance, as well as durable support retests.

Key levels and $120 target in focusAnalyst Michaël van de Poppe, known for his technical analysis in digital assets, highlighted a higher-low structure supporting the bullish recovery scenario. His daily Solana chart shows SOL holding the support region in the low $70s after rebounding from its June deviation, suggesting that maintaining this structure gives buyers a fresh opportunity to challenge nearby resistance before aiming for $120.

SOL is currently positioned near $74.82 on van de Poppe’s chart, sitting at a critical horizontal support area that traders are watching closely. This level became prominent after Solana spent several months trading in a wide band between the mid-$60s and near $98. A brief drop below this range in June proved temporary, as the token quickly recovered, forming what is now seen as a meaningful higher low.

The chart indicates the next immediate target is the $85–$88 band, considered the first major test for continuing upward momentum. Should SOL clear this area, the next significant resistance awaits near $97.89—the upper limit of the earlier multi-month trading range.

LevelSupport/ResistanceSignificance$74–$75SupportBreakout confirmation zone$77.50–$80ResistanceMultiple failed rallies$85–$88ResistanceInitial bullish test$97.89ResistanceRange high$120–$127TargetAnalyst projectionVan de Poppe’s analysis indicates that, if these resistance points are surpassed while support levels are maintained, SOL may attempt a rally toward the $120–$127 region. This scenario hinges on the higher-low structure holding firm; a breakdown below the low-$70s would challenge the bullish view and bring the June lows back into play.

The analyst’s target reflects market optimism for Solana’s medium-term outlook, as long as technical levels continue to align with positive momentum. Traders are now monitoring whether SOL can build upon this breakout, paving the way for a stronger advance in the coming weeks.

Mini dictionary: Symmetrical triangle, a chart pattern formed by two converging trendlines that represents a period of consolidation, often resolving with a breakout in either direction.

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.

Galaxy Research Vice President Lucas Tcheyan said on Aug. 7 that Ethereum and Solana are confronting a similar policy question: how much token issuance is needed to pay for network security, and when does that security budget become more costly than useful? The debate is moving through proposal processes on both networks, but neither blockchain has approved an inflation change.

Summary

Ethereum’s tapered issuance proposal is now EIP-8363, after editors reassigned its initially reported proposal number. EIP-8363 would burn rising validator rewards and remove issuance incentives near a 50% staking ratio. Solana’s SIMD-0550 would double annual disinflation to 30%, cutting projected emissions by 18.9 million SOL. Solana governance requires two-thirds support from decisive stake after proposals complete an eleven-epoch voting process. Galaxy says both networks are reassessing security budgets, with no final inflation changes approved yet. One important update concerns Ethereum’s proposal number. Galaxy initially referred to the Tapered Issuance Burn proposal as EIP-8361. Ethereum’s EIP editors later assigned it EIP-8363 because EIP-8361 had already been allocated elsewhere. The EIP-8363 pull request remained open as of Aug. 9, and an editor requested changes on Aug. 6.

Ethereum proposal would taper rewards as more ETH is staked EIP-8363 would burn a growing share of consensus layer validator rewards as Ethereum’s staking ratio rises. The burn fraction would reach 100% around a 50% staking ratio, removing new issuance as an incentive for additional staking beyond that level. The authors propose an 18 month transition because applying the full mechanism immediately would sharply reduce validator returns.

Galaxy estimated that, with roughly one third of ETH staked, consensus layer yield would fall from about 2.6% to 1.2% under the full design. MEV and priority fees would remain outside the proposed burn. Those figures describe a modeled outcome, not an approved change to Ethereum’s monetary policy.

The Aug. 6 All Core Developers Consensus agenda listed Tapered Issuance Burn among proposals being considered for Hegotá. The agenda explicitly said the meeting was not a decision to include or schedule those proposals. No network vote or activation date has been set.

Meanwhile, SharpLink CEO Joseph Chalom opposed the issuance change, arguing lower staking returns could make ETH less attractive to institutions and raise financing costs in DeFi. Those outcomes remain forecasts. As crypto.news previously reported, supporters instead argue Ethereum may be paying more issuance than necessary as staked ETH rises.

Solana proposals target emissions and transaction burns Solana is considering two separate changes. SIMD-0550 would double annual disinflation from 15% to 30% while keeping the terminal inflation floor at 1.5%. The technical proposal was merged into Solana’s improvement document repository on July 23 with Review status, but that does not activate the change.

SGP-0002 asks validators and delegators whether Solana should pursue the faster schedule. Its authors estimate the change would bring the terminal rate forward from about 5.7 years to 2.8 years and produce roughly 18.9 million fewer SOL in emissions over six years. The “18.9 million SOL” reduction is a projection, not a guaranteed change in supply.

SGP-0003 addresses fees. It backs SIMD-0553, which would add an inclusion fee and a resource based fee tied to transaction resource use, with the resource component burned in full. Galaxy cited estimates that daily burns could rise from roughly 650 SOL to between 7,500 and 9,000 SOL under recent network conditions.

However, the burn estimate is already being refined. On Aug. 9, SIMD-0553 author cavemanloverboy said he had been told earlier estimates were “misleading” and published optimistic and pessimistic bounds using the previous month’s traffic. He also noted that contract optimization and other behavioral changes could reduce future burns, meaning the eventual level cannot be treated as fixed.

Solana governance still stands between proposals and activation Galaxy said SGP-0002 and SGP-0003 each secured support from at least 15% of active stake, enough to advance under Solana’s new onchain governance process. Under the official governance rules, reaching that threshold starts an 11 epoch sequence: seven epochs for discussion, one for a stake snapshot and three for voting.

A proposal passes only if For votes represent at least 66.67% of decisive stake, meaning For plus Against votes. Abstentions are excluded, and there is no separate quorum requirement. Even a successful SGP is a directional mandate rather than automatic code activation; the associated SIMD still needs development and feature gate deployment.

The process follows Solana’s earlier difficulty in changing inflation. SIMD-0228 failed in March 2025 despite 61.39% support because it did not reach the required two thirds approval level. More recently, Solana introduced its SGP framework to separate stake weighted policy signals from technical SIMD review.

What happens next for Ethereum and Solana inflation Ethereum developers will continue reviewing EIP-8363 and deciding whether it should progress toward Hegotá. The proposal remains an open pull request, and the Aug. 6 developer meeting treated it only as a candidate for further consideration. Any adoption would require more review, agreement on upgrade inclusion and client implementation.

Solana’s path is tied to its governance clock. SGP-0002 and SGP-0003 must complete discussion, stake snapshot and voting stages before either direction is accepted. Technical activation would follow separately. For now, the proposals alter expectations about future ETH and SOL supply rather than either network’s current issuance rules.

Galaxy’s broader view is that both communities are reassessing the price they pay for security as their networks mature. The firm argues lower issuance may improve scarcity at the margin, but demand for blockspace and applications remains the stronger long term driver of token value. With no final decision, any repricing of future supply remains dependent on proposals still under debate.

Pump.fun’un Solana satışları devam ederken SOL fiyatında 71,95 dolar seviyesi kritik destek olarak öne çıkıyor. Son olarak Kraken’e 6,25 milyon dolar değerinde SOL transfer eden Pump.fun’un toplam satış miktarı yaklaşık 807 milyon dolara ulaştı. Buna rağmen Solana’nın önemli destek bölgesini koruması ve büyük yatırımcıların yükseliş yönlü pozisyonlarını sürdürmesi, piyasada toparlanma ihtimalinin tamamen ortadan kalkmadığını gösteriyor.

Pump.fun Satışları Solana Üzerinde Baskı Oluşturuyor Pump.fun, 7 Ağustos’ta Kraken’e yaklaşık 6,25 milyon dolar değerinde 84.789 SOL transfer etti. Lookonchain verilerine göre platformun toplam SOL satışları yaklaşık 4,82 milyon adede ve 807 milyon dolar değerine ulaştı. Satışların ortalama fiyatının ise yaklaşık 167,40 dolar olduğu belirtildi. Yüklü transferlere rağmen SOL fiyatının 71,95 dolar desteğinin üzerinde kalması dikkat çekiyor. Bu durum, piyasadaki alıcıların Pump.fun kaynaklı satışların önemli bölümünü karşılamaya devam ettiğini gösteriyor. Ancak borsalara yeni SOL transferlerinin sürmesi, spot talebin zayıflaması halinde fiyat üzerindeki baskının artabileceğine işaret ediyor.

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Pump.fun satışlarına rağmen Binance üzerindeki büyük yatırımcıların Solana konusunda pozitif pozisyonlarını koruduğu görülüyor. En Büyük Trader Uzun/Kısa Oranı 3,28 seviyesine ulaşırken, uzun pozisyon taşıyan hesapların oranı yüzde 76,64 oldu. Kısa pozisyonların oranı ise yüzde 23,36 seviyesinde kaldı. Bu tablo, büyük yatırımcıların önemli bir bölümünün SOL’da yükseliş beklentisini sürdürdüğünü gösteriyor. Ancak uzun pozisyonların bu kadar yoğun olması farklı bir risk de oluşturuyor. SOL fiyatının 71,95 dolar desteğinin altına gerilemesi halinde kaldıraçlı pozisyonlarda tasfiyeler başlayabilir. Böyle bir hareket, mevcut satış baskısının daha da güçlenmesine neden olabilir.

Pozitif Fonlama Oranı Dikkat Çekiyor Solana vadeli işlem piyasasında OI ağırlıklı fonlama oranı yüzde 0,0047 seviyesinde pozitif kalıyor. Pozitif fonlama, uzun pozisyon taşıyan yatırımcıların piyasada ağırlığını koruduğuna işaret ediyor. Bu görünüm, Binance üzerindeki güçlü uzun pozisyon oranıyla da örtüşüyor. Ancak pozitif fonlama oranının uzun süre yüksek kalması, piyasada aşırı kaldıraç birikmesine neden olabilir. Pump.fun satışları devam ederken spot piyasadan yeterli talep gelmemesi durumunda, uzun pozisyonların çözülmesi SOL fiyatındaki düşüşü hızlandırabilir.

SOL fiyatı son dönemde 71,95 dolar desteği ile 78,07 dolar direnci arasında sıkışmış durumda. Alıcıların 71,95 doları savunması, fiyatın 67,48 dolara doğru daha derin bir düşüş yaşamasını şimdilik engelledi. Buna karşın 78,07 dolar direncinin aşılmaması, yükseliş momentumunun henüz güç kazanamadığını gösteriyor. Teknik göstergeler de piyasadaki kararsızlığı destekliyor. Bu nedenle kısa vadede iki seviye özellikle takip ediliyor. 78,07 doların aşılması halinde SOL için 84 dolar bölgesine doğru yeni bir hareket gündeme gelebilir. Buna karşılık 71,95 dolar desteğinin kaybedilmesi durumunda gözler 67,48 dolara çevrilebilir.

Değerlendirme Solana üzerindeki Pump.fun kaynaklı satış baskısı henüz sona ermiş değil. Buna rağmen SOL’un 71,95 dolar seviyesini koruması ve büyük yatırımcıların uzun pozisyonlarını sürdürmesi, alıcıların piyasadan tamamen çekilmediğini gösteriyor. Önümüzdeki süreçte Pump.fun’un yeni SOL transferleri, spot talep ve 71,95 dolar desteğinin korunup korunamayacağı belirleyici olacak. SOL bu seviyenin üzerinde kalmayı başarır ve 78,07 doları aşarsa toparlanma ihtimali güçlenebilir. Aksi durumda 67,48 dolar desteği yeniden gündeme gelebilir.

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Table of contents

July rattled crypto from multiple directions. Coldcard hardware wallet security fears, Strategy’s Bitcoin liquidations, Robinhood Chain’s network growth, and the CLARITY Act all landed in the same monthly window, hitting trust assumptions across retail and institutional participants alike. The latest Santiment insights frame these events alongside two other developments that are quietly redrawing market structure: BlackRock pushing tokenized equities onto Solana, and Thailand waiving capital gains tax on qualifying crypto gains for five years.

While on-chain activity in July often felt reactive, the bigger signal may be how capital allocators are starting to reposition around infrastructure that can actually settle institutional flows. Solana’s deepening role in real-world asset tokenization and Thailand’s deliberate lunge for digital-asset hub status are not isolated. They sit inside a broader competition where network throughput, regulatory clarity, and tax incentives determine where the next wave of liquidity gets parked.

Tokenized Equities Move to Solana’s Rails BlackRock’s expanding tokenization efforts are no longer confined to Ethereum rollups or private permissioned venues. The asset manager is now putting Solana deeper into the conversation around institutional finance, with tokenized stocks and funds beginning to surface on the network. This follows months of groundwork around Solana Pay, stablecoin settlement, and proposed SOL tokenomics adjustments that collectively reshape what a layer-1 can offer large issuers. The tokenization sector is accelerating fast, with real-world assets crossing $20 billion on-chain and traditional settlement infrastructure getting carved up.

For Solana, the implication is a dual-track identity: a chain that hosts retail meme-coin mania one week and BlackRock tokenized securities the next. That split has consequences. It forces validators, custody providers, and compliance teams to support both high-frequency degenerate markets and regulated asset issuance under the same consensus. Whether that hybrid model can hold up under sustained institutional load remains an open question, but the direction of travel is clear.

A Regulatory Vacuum That Thailand Is Exploiting Thailand’s five-year capital gains exemption on qualifying crypto gains landed as a direct policy maneuver to siphon talent and volume away from jurisdictions that are still tangled in legislative gridlock. While the United States debates bills like the GENIUS Act amid heavy bank lobbying, smaller countries are placing onshore tax incentives at the center of their playbook. The frustration among U.S. traders is predictable, but the market impact goes deeper: a growing share of active trading desks may route through jurisdictions that treat digital assets with fiscal consistency rather than constant regulatory whiplash.

Thailand’s move pairs a retail-friendly tax break with an institutional invitation. The policy does not cover every token or every trade, and qualification details matter for anyone structuring operations. Still, it creates a template that other Southeast Asian jurisdictions will now have to match or risk losing their own liquidity pools. The intersection of tax policy and market structure is no longer a footnote—it is becoming a primary driver of where volume concentrates.

AUTHOR

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.

Solana traded near a critical technical zone this week, as both long- and short-term technical analysis pointed to the potential for a substantial recovery following recent declines. Multiple upside targets have emerged, with charts indicating $82.25, $98.40, and $130.70 as the next resistance levels if bullish momentum develops. Meanwhile, a separate cycle analysis reintroduced the possibility of Solana advancing to $1,000 in the coming years.

Cycle analysis points to possible bottom and $1,000 targetCryptoCurb, a noted chart analyst on X, suggested that Solana could have reached a significant cycle bottom. According to CryptoCurb’s analysis, the recent correction extended for 567 days since the last cycle high, compared to 420 days from top to bottom in Solana’s previous cycle. The analyst views this longer decline as a potential indicator that the downward phase may have run its course.

CryptoCurb’s chart mapped out the two key market cycles, with the present correction lasting about 147 days longer than the 2021-2022 downtrend. The main point of emphasis is the substantial duration of the latest decline, supporting CryptoCurb’s view that further major downside appears less likely at this stage.

However, simply exceeding the prior bear market’s duration does not, by itself, confirm a bottom. While the analysis marks a potential cycle low near $74, no technical breakout or convincing reversal pattern has appeared to validate that the market has fully turned upward. Confirmation would typically require a move above key resistances, establishing higher highs and higher lows in the coming sessions.

If the bottom scenario plays out, CryptoCurb’s chart envisions Solana gradually accelerating above several hundred dollars within a multi-year timeframe, ultimately approaching or surpassing $1,000 by 2028. With this projection based on the assumption of a new growth phase, the outcome is speculative and depends on Solana replicating, then expanding upon, its previous major rallies.

CryptoCurb interprets the ongoing 567-day correction as a sign that Solana’s bearish cycle may have reached maturity, but emphasized that confirmation will require clear evidence of renewed buyer momentum at higher price levels.

A break below the area marked as the 2026 bottom could invalidate this bullish thesis and delay any significant recovery, while renewed strength above resistance would support the cycle-bottom theory.

Mini dictionary: CryptoCurb – An independent crypto market analyst known for cycle and technical chart studies shared primarily on X (formerly Twitter).

Key resistance levels identified by short-term analysisA separate daily chart presented by analyst Daink focuses on Solana’s shorter-term prospects. Daink highlighted a descending trendline stemming from Solana’s July peak, which has continued to limit upward movement. As SOL stabilized near $73.35, attention turned to whether buyers could break above this trendline, potentially reversing the bearish structure that has prevailed for months.

Daink identified $82.25 as the first major resistance. If Solana rallies above this level, it would signal that the coin is escaping its pattern of lower highs. The setup suggests that the $82.25 area, which overlaps with July’s rebound high, is a critical point for a momentum shift on the daily timeframe.

Additional targets laid out by the chart include $98.40, $114.55, and $130.70, marking possible checkpoints for further gains if buyers sustain control. The analyst’s scenario depicts some consolidation as these resistances are approached, especially around $98.40 and $114.55, before any significant attempt to test $130.70.

LevelTypeDescription$66.10SupportKey downside level; break below weakens bullish case$73.35Current Price AreaZone of consolidation$82.25Resistance 1July high, first major test after trendline$98.40Resistance 2Next potential upside barrier$114.55Resistance 3Target for further consolidation or advance$130.70Resistance 4Longer-term upside targetOn the support side, $66.10 was identified as a critical threshold. Sustained price action below this area would weaken confidence in the bullish breakout scenario and could lead to renewed downside risks. In contrast, a hold above $66.10, combined with a trendline breakout, would offer greater credibility to the bullish setup.

The $82.25 resistance is the first major obstacle for Solana bulls; clearing it would open the path for potential upside toward $98.40, $114.55, and $130.70 while holding above $66.10 is key for maintaining the short-term positive thesis.

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.

No advantage on SolanaAfter rising from its June lows, Solana is still in a consolidation phase, with neither buyers nor sellers able to gain a clear advantage. The asset is still trading in the vicinity of $74, fluctuating between its short-term moving averages while encountering ongoing resistance above. 

SOL/USDT Chart by TradingViewThe picture is neutral in theory, but it is fragile. Following weeks of sideways movement, SOL is now trading close to both the 20-day and 50-day moving averages. Rather than the beginning of a significant trend, this usually indicates equilibrium between buyers and sellers. But every attempt at recovery is still capped by the 100-day moving average at $79, and the 200-day moving average is still much higher at $90, indicating that the overall trend is still negative. 

According to the most recent candles, buyers are still defending the $72–$73 support range, which keeps the price from moving further toward the June lows. SOL is now confined to a progressively smaller trading range as a result of selling pressure being drawn to every rally toward the $78–$79 region. 

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Momentum metrics lend credence to this view. The RSI is nearly at neutral levels, at 47, indicating that neither bullish nor bearish momentum is predominant in the market. As traders wait for a catalyst that can break the current impasse, volume has also continued to decline, indicating decreased participation. 

Solana needs a clear daily close above the 100-day moving average in order to improve the technical outlook. A move like this could begin to shift medium-term sentiment and bring the psychological $85 level into focus. As of right now, the structure remains one of consolidation within a larger downward trend. 

XRP prints decreasing volumesThe most recent rejection near the 20-day and 50-day moving averages has once again shifted momentum in favor of sellers, and XRP is still stuck in a persistent downtrend. The asset has returned to the crucial $1.02–$1.03 support zone after several weeks of range-bound trading, failing to produce the breakout bulls were hoping for. 

The 200-day moving average is still trending considerably higher at $1.38, while XRP is currently trading below the 20-, 50-, and 100-day moving averages. This alignment demonstrates that, despite the protracted consolidation that followed June's precipitous decline, the overall trend is still bearish. 

XRP/USDT Chart by TradingViewOne encouraging sign is that selling pressure has not increased. XRP has been steadily declining on decreasing volume rather than experiencing another impulsive breakdown, indicating that aggressive bears are no longer controlling the market. Nevertheless, buyers have also failed to create significant demand, trapping the asset in a gradual decline. 

That balance is reflected in momentum indicators. For the first time in a few weeks, the RSI has dropped to about 36, approaching oversold territory. Oversold conditions alone are rarely sufficient to reverse a trend without confirmation from price action, though this may eventually draw bargain hunters. 

The psychological $1.00 level continues to provide immediate support. Another wave of selling toward the June lows would probably result from losing that area. In order to challenge the 50-day average around $1.09, XRP must first recover the 20-day moving average. 

Sentiment would only start to turn back in favor of buyers if the price continued to rise above those levels. As of right now, XRP is still trading defensively. The chart still lacks the stronger volume and higher highs required to confirm that a significant recovery has begun, even though the rate of decline has slowed. 

Pressure on Shiba Inu is there Following another rejection below the 50-day moving average, Shiba Inu's recovery has stalled, leaving the meme coin susceptible to fresh selling pressure. The strong breakout that occurred earlier this month gave the impression that buyers were prepared to buck the trend, but it soon faded as SHIB fell back below the crucial resistance level. 

SHIB/USDT Chart by TradingViewAfter failing to stay above $0.00000500, the price is currently trading around $0.00000464. Because it aligns with the declining 50-day moving average, that region has come to define resistance for the current market structure. Every attempt to gain a foothold above that level has drawn sellers, which has prevented the recovery from picking up steam. 

Technically speaking, SHIB is still below the 50-, 100-, and 200-day moving averages, maintaining the longer-term trend's strong bearishness. The 20-day moving average still offers nearby support, but after the most recent decline, its upward slope has started to level out, suggesting that bullish momentum is waning. 

During the breakout, the RSI briefly entered bullish territory, but it has since cooled significantly. After the initial buying surge subsided, the indicator now sits slightly below 50, indicating neutral momentum. The loss of momentum could lead to another test of lower support levels if buyers do not swiftly regain control. 

A similar story is told by volume. Participation was remarkably high during the breakout, but turnover has been steadily declining in subsequent sessions. This implies that following the unsuccessful attempt to overcome resistance, traders are growing more cautious. The first support remains near $0.00000445, where the 20-day moving average and prior consolidation converge. 

SHIB might return to the July lows at $0.00000410 if that level fails. On the other hand, reclaiming the $0.00000500 area would render the most recent rejection void and reopen the door to a more extensive recovery. 

SHIB is currently in a "wait and see" phase. Although there was a brief improvement in sentiment due to the explosive rally, the broader bearish trend will continue to dominate the chart until the token closes firmly above its 50-day moving average.

Cardano keeps outperformingAfter extending its recovery toward the crucial $0.20 resistance area, Cardano is still outperforming many large-cap altcoins. Despite a slight decline in today's session, the overall technical picture is still positive following the recent breakout, which was bolstered by significantly higher trading volume. 

ADA/USDT Chart by TradingViewDespite facing selling pressure near the 100-day moving average at $0.20, ADA has successfully reclaimed both the 20-day and 50-day moving averages and is currently holding above them. Compared to the structure observed in June and early July, when the asset continuously traded below all major trend indicators, this represents a significant improvement. 

This pause looks more like profit-taking than a reversal. Over the past few weeks, buyers have maintained a series of higher lows, indicating that demand continues to withstand selling pressure following each advance. The recovery structure is intact as long as ADA stays above the 50-day moving average around $0.18. 

Though it has somewhat cooled from recent highs, momentum is still favorable. The RSI is currently at 68, slightly below overbought territory. This suggests that bullish momentum is still present but has not reached the extreme that would normally precede a more significant correction. 

The psychological $0.20 level and the 100-day moving average remain the current obstacles. The next significant technical target, the 200-day moving average near $0.26, would probably come into focus if there were a strong breakout above that resistance. 

As of right now, Cardano continues to have one of the most robust recovery structures among major altcoins. As long as higher lows continue to form and the price stays above the reclaimed short-term moving averages, buyers maintain control even as resistance continues to slow the advance.

161,000 Idle ETH May Soon Be Staked: What Grayscale Just Changed

Rarible's site now lists Solana alongside Ethereum, MegaETH and Base, with dedicated Explore, Mint and Gacha pages for the network.

Rarible said on Thursday that its NFT marketplace is live on Solana, opening with the Claynosaurz collection as its first featured drop.

The marketplace now lists Solana as a supported network alongside Ethereum, MegaETH and Base, with dedicated Solana Explore, Mint and Gacha pages. Solana's verified X account amplified the launch the same morning, saying Rarible "adds support for Solana NFTs, beginning with @Claynosaurz."

Rarible said it had been working on Solana for months, spending that period building, testing and preparing for the launch without announcing it. The company also cast its earlier Gacha Station release on the network as a deliberate preview, writing that the feature "was never just another feature. It was the first glimpse of what was coming."

Rarible said it spent weeks talking to NFT communities across Solana and that their feedback shaped decisions about how the marketplace works. That account of the timeline comes from the company's own launch statement.

More collections are coming, according to Rarible, which said it will "continue onboarding more collections from across the Solana ecosystem" over the coming days and weeks. The company called the launch "only the foundation."

Rarible has spent recent years extending beyond its Ethereum origins, including the launch of its own network, RARI Chain. The Solana move puts it on the same network as rival OpenSea, which added Solana support through its acquisition of the Solana marketplace Gem's counterpart in the ecosystem, and where Magic Eden has long been the dominant venue for NFT trading.

Any proceeds from a sale of the exchange's tech stack, brand and IP go to FAF holders pro rata, with team tokens excluded from the distribution.

Flash Trade said on Friday it will wind down operations unless it finds a party to acquire the Solana perpetuals exchange, and that the decision was not driven by money.

"This decision is not calculated based on monetary reasons," the team wrote on X, citing "direction, shrinking market participants, and our own honest read on the crypto market as a whole and where it is heading."

The exchange said it is now pursuing a sale of its tech stack, brand and intellectual property, and that whatever the sale brings will be distributed to FAF token holders pro rata. The team "will not take a percentage," and team tokens will not participate in the distribution, according to the post.

Flash Trade has not set dates. "We haven't fixed the exact timeline yet, and we'd rather say that than publish dates we might have to move," the team wrote, committing only that withdrawals stay open and that it will give "clear notice well ahead of any change to them."

The operational specifics — when new positions are disabled, how open positions get settled, what liquidity providers need to do, and the dates for each — will be worked through on a call with token holders on Monday, with a write-up published immediately afterwards, the exchange said. The founders will hold an AMA on X on Monday, Aug. 10, at 16:00 UTC, or noon ET.

Explored Freezing AMMBefore settling on a sale, the team said it explored freezing its automated market maker with MetaDAO so that funds sitting in the AMM could be returned to holders pro rata. "That turned out not to be possible," according to the post.

Flash Trade also removed the three-month delay on token staking, so holders who want to unstake can do so immediately.

Alongside its read on the market, the team described a conflict over what its users wanted. "Ethically we are misaligned with the current direction of the crypto ecosystem," it wrote, adding that its own order flow showed "traders want to push further out on the risk curve" and that "we never found a way to serve that demand while sitting comfortably."

The exchange said it never raised outside capital, funding itself from the start, and has paid out roughly $520,000 in USDC of revenue share to FAF holders to date.

Perpetuals venues have been closing even as the sector's largest platforms grow. Dango said in July that it would wind down and halt trading on July 29.

Pump.fun transferred 84,789 Solana [SOL], worth $6.25 million, to Kraken on the 7th of August.

Lookonchain reported that Pump.fun had sold 4.82 million SOL, valued at roughly $807 million. The project’s average sale price stood near $167.40. Despite the steady deposits, SOL held above its $71.95 support level.

Source: Lookonchain That resilience suggested buyers continued absorbing part of Pump.fun’s exchange-bound supply.

Why are Binance traders still bullish on SOL? Top Binance trader accounts remained firmly bullish on Solana.

The Top Trader Long/Short Ratio reached 3.28. Long accounts accounted for 76.64%, while short accounts made up 23.36%. This showed that large traders continued favoring upside. However, the positioning also left the market vulnerable to long liquidations.

A sharp move below support could force leveraged buyers to close positions. That left $71.95 as the key level.

Source: CoinGlass Are positive Funding Rates supporting Solana? Solana’s [SOL] OI-Weighted Funding Rate remained positive at 0.0047%.

This showed that long traders continued paying shorts to maintain their positions. The reading aligned with the bullish Binance Top Trader Long/Short Ratio.

Even so, positive Funding Rates can signal crowded long exposure. SOL still needed spot demand to absorb Pump.fun’s continuing sales. Without that demand, a price decline could trigger a long-liquidation cascade.

Source: CoinGlass Support holds while resistance limits Solana recovery Price action unfolded differently from previous recovery attempts because Solana [SOL] spent several sessions consolidating instead of accelerating after bouncing from its June lows. 

Buyers successfully defended the $71.95 support level, preventing another decline toward $67.48, yet they repeatedly failed to reclaim the $78.07 resistance. 

The DMI reflected that struggle clearly. The -DI stood at 22.55, edging above the +DI at 15.73, while the ADX reached 14.02, indicating the prevailing bearish bias lacked strong trend strength despite sellers maintaining a slight advantage. 

Instead of producing another decisive directional move, SOL compressed into a narrow range as buying and selling pressure balanced near support. 

If buyers reclaim $78.07, they could challenge $84.00 next. However, losing $71.95 would likely shift attention back toward $67.48, where demand would need to absorb fresh selling pressure once again.

Source: TradingView Final Summary Pump.fun moved another $6.25 million in SOL to Kraken, raising its reported cumulative sales to $807 million. Solana price held $71.95 despite sustained Pump.fun selling, while 76.64% of top Binance trader accounts stayed long.

Key Takeaways SOL has declined 10% over the last month following a breakdown from critical trend line support ETF products tracking Solana recorded minimal net inflows of $14.6 million during July, with June posting net outflows Daily active user metrics show a moving average crossover that historically precedes significant price volatility Current price action remains beneath the 100-day SMA at $78.06 and 200-day SMA at $84.71 Critical support zones include $72, $70, and the $66–$67 range Solana (SOL) is currently hovering near $73 following a 10% pullback across the previous 30-day period. Technical analysis reveals a breach of crucial trend line support, subsequently establishing a descending channel formation on daily timeframes.

Solana (SOL) Price Price action has slipped underneath both major moving averages — the 100-day simple moving average positioned at $78.06 and the 200-day SMA at $84.71. This configuration maintains bearish technical momentum in the near term.

Selling pressure has dominated market dynamics over recent weeks. SOL continues establishing lower highs after unsuccessful attempts to breach the July high around $82. The stochastic oscillator has plunged to 3.06, indicating extreme oversold conditions, while the Ultimate Oscillator registers 38.8.

Exchange-traded fund activity around SOL remains subdued. July witnessed modest net inflows totaling only $14.6 million, while June experienced net outflows of $800,000. These figures suggest limited institutional appetite for fresh SOL exposure.

Blockchain metrics reveal a crossover between 30-day and 50-day moving averages tracking daily active users. Historical precedent indicates this technical signal often precedes substantial price movements for SOL.

Blockchain Metrics Present Diverging Signals Network utilization data shows mixed performance entering August. Decentralized exchange volumes contracted 9% throughout July to $51 billion. Early August activity levels suggest a projected monthly volume around $44 billion.

Solana in four charts:

1. Solana apps generated $82.9M in revenue in July, the highest since February.

2. Solana's share of network revenue climbed to 16.5% in July, now third among all chains and ahead of Ethereum.

3. Stablecoin supply grew to $15.7B, an all-time high.

4.… pic.twitter.com/3ImzZByrfR

— Solana (@solana) August 6, 2026

Application fees experienced marginal growth from $186 million to $200 million in July. Current August trends point toward approximately $220 million in fees, representing moderate expansion.

Contrary to price weakness, crypto analyst Nebraskangooner highlighted on X that Solana’s underlying fundamentals demonstrate resilience. His analysis emphasized July’s exceptional performance, with Solana applications generating $82.9 million in revenue — the highest figure since February — capturing 16.5% of total blockchain revenue and surpassing Ethereum during that window. Stablecoin circulation reached an all-time high of $15.7 billion, while the network handled over one billion non-vote transactions within a single week.

Market Multiples Show Significant Contraction During 2024, SOL commanded valuations between $130 and $180 with comparable DEX volumes and application fees to current levels. Market participants have since reduced their willingness to pay premium multiples for Solana’s network activity.

Throughout 2024, Solana recorded $662 billion in DEX volumes and $2.55 billion in app fees, with price peaking at $190. Current year projections estimate DEX volumes approaching $1 trillion alongside $2.8 billion in app fees — yet SOL trades below $80.

The Relative Strength Index currently stands at 44. A decline beneath 40 would activate a technical sell signal. The prevailing descending channel structure suggests a potential retest of $68 support, with the $60 threshold becoming relevant if intermediate supports fail to hold.

Initial support resides at $72. Breakdown below this level exposes $70, followed by the $66–$67 support zone.

TLDR Solana price traded near $72.91, down 1.47% over the past 24 hours. SOL faces immediate resistance near $73.35, while $76 remains the key breakout level watched by analysts. Solana’s SGP-0002 and SGP-0003 supply reform proposals entered a final discussion period ending August 22. Pump.fun sold another 84,789 SOL worth about $6.25 million, according to Lookonchain. Analyst Michaël van de Poppe sees a confirmed break above $76 as a possible path toward a longer-term $120 target. Solana (SOL) price traded near $72.91 on Friday as selling pressure remained visible across the market. According to CoinMarketCap, SOL price fell 1.47% over the past 24 hours, with trading volume at about $1.41 billion.

Solana Price

Solana Price Faces Resistance Near $73 to $76 SOL price traded below the 20-hour moving average at $73 and the 50-hour moving average at $73.61. The token also remained below the daily 200-day moving average at $84.38, showing that the broader trend still faces resistance.

The Ichimoku Kijun level at $73.35 forms immediate resistance, while support sits near $70.65. RSI stood at 36.15, while MACD gave a sell signal. ADX stayed neutral, and Bull/Bear Power favored sellers. Stoch RSI, however, showed a strong buy signal.

Solana’s SGP-0002 and SGP-0003 proposals passed their first governance stage and entered a final discussion period ending August 22. The plans could increase the network’s annual disinflation rate and raise daily SOL burns if validators approve them.

The proposals aim to slow future token supply growth through faster disinflation and higher burn activity. Traders have shown limited reaction so far, with attention focused on the final vote and whether the changes receive enough support.

Pump.fun Continues Large SOL Sales Blockchain tracker Lookonchain reported that Pump.fun sold another 84,789 SOL worth about $6.25 million. The platform has now sold 4.82 million SOL for roughly $807 million at an average price of $167.40.

The latest sale adds fresh supply to the market while Solana price remains close to short-term support. Large token transfers can affect market liquidity, although the current price action has stayed within its recent range.

Analyst Watches $76 Breakout Level Crypto analyst Michaël van de Poppe identified $76 as the key level Solana needs to reclaim. His August 5 chart marked that area as the most important resistance within the current trading range.

It would be great if we can see a breakthrough of $76 on $SOL.

If that happens, a buy the dip plan is what I'll be doing and then the target remains to be $120. pic.twitter.com/sKA1XmxRko

— Michaël van de Poppe (@CryptoMichNL) August 5, 2026

He said a confirmed move above $76 could support a broader recovery and cited $120 as a longer-term target. Until then, SOL remains below major resistance while traders watch support near $70.65 and the upcoming governance decision.

Latest Sale Pushes Cumulative Total Past $807 MillionPumpfun sold another 84,789 $SOL worth approximately $6.25 million on Aug. 7, according to on-chain analytics platform Lookonchain. The transaction is the latest in a long series of disposals that have drawn close attention from the Solana community and market watchers alike.

The sale brings Pumpfun's cumulative $SOL liquidations to 4.82 million tokens, with a combined value of roughly $807 million. The average realised price across all sales stands at $167.40 per SOL.

The pattern is well established. A large share of the total has been routed through cryptocurrency exchange Kraken, while a smaller portion has been sold directly on-chain. The platform systematically converts protocol fees rather than holding $SOL, creating a steady source of sell-side supply in the market.

Selling Pressure Builds as Memecoin Activity CoolsPumpfun, the memecoin launchpad that helped fuel activity across the Solana ecosystem, is emerging as a drag on the broader network. The project appears to be raising cash through $SOL sales as protocol revenue shrinks amid a slowdown in memecoin trading.

DefiLlama data shows Pumpfun's daily fee revenue has dropped sharply from the start of the year. That declining income stream gives context to the persistent liquidations. The sustained conversion of fee income has sharpened attention on one of the most profitable businesses in the Solana ecosystem and renewed debate over whether memecoin activity, once a major engine of network growth, is now becoming a source of repeated sell-side pressure.

The key question for the remainder of the year is whether Solana's network growth can offset the selling pressure to support $SOL's price recovery.

Sources:
Bloomingbit: Pump.fun Becomes Solana Overhang as SOL Selling Continues
NewsBTC: Pump.fun Sends SOL to Kraken as Memecoin Activity Cools
99Bitcoins: Is Pump.Fun Dumping on Solana?

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Solana (SOL) is trading above a key $64-$68 support area but continues to face ongoing bearish momentum while it remains below its main descending resistance line. Technical analysts indicate that a decisive breakout above this trendline could initiate a corrective rally toward the $82 to $94 range. However, if the $64-$68 support fails, the risk of a renewed drop increases substantially.

Price Holds Steady After Major DropAs of the latest trading session, Solana is priced near $73.79 following a significant fall from its late 2025 highs in the $240 to $250 range. The asset sharply declined during the first half of 2026 and has settled into a volatile consolidation between the low $60s and $90.

This pattern leaves the short-term market structure defensive, with a recent bounce from about $60 met by further selling. While buyers have managed to defend the lower boundary of the consolidation zone, there is not yet enough momentum to trigger a lasting breakout. For the bullish outlook to gain traction, SOL would need to reclaim the $80 to $90 range, which marks the immediate resistance area. A move above $100 would likely signal a more significant shift in market sentiment.

The lower end of the $60 range remains in focus as critical support. Any decisive daily close under this level would undermine the current stabilization effort and reinforce the prevailing downtrend.

Solana has attempted to stabilize around $60 to $80, but to confirm a meaningful reversal, the price needs to post higher highs and break out above key resistance. If support holds and the $80-$90 zone is reclaimed, the outlook could improve. Losing support, however, would maintain downside pressure.

Key Resistance Limits Bullish RecoveryOn the technical front, SOL continues to trade under a descending trendline that has contained price since the May high. Despite multiple attempts, traders have not managed to reclaim this trendline, leaving the broader bearish structure intact even as Solana holds above key support.

More Crypto Online, a market analysis account, noted that the $64.30 to $68.05 support band, along with a nearby $70.81 level, plays a crucial role in shaping the near-term outlook. Holding above these levels may permit another corrective bounce, even as the bigger picture remains bearish.

If buyers can push price above the descending trendline, targets include $82.26 on the upside, with follow-up resistance at $89.41 and $93.99. Advancement into this zone would constitute a notable recovery, but analysts caution that the overarching downtrend is unlikely to reverse without sustained strength and higher high formations.

A close below $64-$68 would undermine the possibility of a short-term rebound, shifting trader attention back to the lower supports and increasing bearish pressure. The distinction between a routine corrective rally and a lasting market reversal remains crucial, as any bounce toward $82-$94 may still fall within the context of a broader negative trend until major technical barriers are overcome.

Tracking Solana with All-in-One ToolsGiven the significance of monitoring key levels and fast-moving price changes, portfolio management platforms like CryptoAppsy have gained popularity among Solana investors. CryptoAppsy allows users to aggregate their crypto investments and monitor real-time valuations, detailed charts, and multi-currency portfolios all in one place.

Integrated features such as smart price alerts, coin-specific news filters, tracking newly listed altcoins, and access to macroeconomic data such as Fed interest rates serve to keep users better informed and prepared for market volatility. With these tools, traders can respond quickly to breakouts and key support challenges, remaining competitive as events unfold across the Solana ecosystem.

Solana remains below its descending resistance, which keeps a corrective rally scenario possible as long as $64-$68 support is defended. Yet, until a sustained breakout above the trendline occurs, the wider downtrend remains unbroken.

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.

SEC FILLINGS: 8-K - Grayscale Solana Staking ETF (0001896677) (Filer)

Solana (SOL) faces a critical juncture as technical analysts closely monitor its movement within a narrow trading range. More Crypto Online, a prominent technical analysis channel, has pointed to $71.90 as a pivotal support level that could define the token’s near-term trajectory.

Key support and resistance levelsSOL recently struggled to maintain momentum above resistance, encountering selling pressure at the 61.8% Fibonacci retracement near $74.71. The token was also unable to surpass a trend-line resistance situated close to $75 after repeated rejections in this region.

Analysts suggest that remaining below these thresholds limits the token’s ability to mount a lasting recovery. The Elliott Wave analysis presented by More Crypto Online indicates that a break below $71.90 would likely confirm that Solana is entering the fifth wave of a C-wave decline in its broader corrective structure.

Should this scenario play out, SOL may revisit the $68–$69 area. This range sits just above a wider support band highlighted between $64.30 and $70.81, considered important for both short- and medium-term market participants.

“Another low seems likely,” notes the analyst, adding that the market remains quiet and there has yet to be any conclusive signal of a durable bottom. A break below $64.30 could lead to intensified selling and potentially mark the beginning of a deeper bearish wave.

Alternative scenario: possible rallyWhile the primary outlook remains cautious, there is an alternative scenario under which Solana could stage a short-term rebound. If the price manages to clear the recent swing high near $74–$75, analysts report that an upswing toward resistance between $82 and $94 is within reach—a zone where the token peaked in July.

However, such a move would likely take the form of a corrective C wave, representing a temporary bounce within a larger downtrend rather than a confirmed reversal. The Elliott Wave structure, with only three waves emerging from the June low, supports this view and suggests that any upward price action may be limited in scope.

The absence of a pronounced third-wave decline since July is partially why analysts have not ruled out the prospect of an additional rally attempt, even as broader bearish pressures remain evident. In typical Elliott Wave patterns, a forceful selloff would have been expected, yet SOL’s recent pullback has not displayed marked intensity.

Market monitoring and cross-market solutionsMonitoring critical levels such as $71.90 and paying close attention to upcoming moves may provide traders with clues about Solana’s short-term outlook. In an evolving market, platforms that bridge traditional and digital assets are also gaining traction. 1stepSwap offers a streamlined solution by transferring real-world assets directly to the blockchain, enabling users to purchase shares of major U.S. companies and commodities like gold and silver directly from their wallets. This approach bypasses complex intermediaries and seeks out optimal market rates, providing swift access to leading global stocks and greater portfolio diversification.

A move above $74–$75 could trigger a corrective rally, but analysts caution that any such advance is likely to be counter-trend rather than indicative of a new bullish cycle.

As trading volume remains subdued and price action consolidates, market participants are expected to watch these technical boundaries closely for direction in the weeks ahead.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Bonk Meme Coin Hits Nearly 3-Year Low After Upbit Announces September Delisting

@ZebecCards has added support for $USX, the Solana-native stablecoin developed by @solsticefi, giving users a new way to fund their crypto debit cards and spend on-chain yield in everyday life. The integration connects @Zebec_HQ's card infrastructure directly to one of Solana's most capitalised yield-bearing assets.

What is USX?USX is a Solana-native stablecoin built by Solstice Finance, an on-chain asset manager backed by Deus X Capital, a $1 billion digital asset investment firm. The token is fully collateralised 1:1 by stable assets, with reserves verified in real time through Chainlink's Proof of Reserves, and is designed to generate yield through Solstice's YieldVault program. The YieldVault allows USX holders to access delta-neutral, institutional-grade returns by locking tokens in the protocol. When USX publicly launched in September 2025, it debuted with over $160 million in locked capital (TVL), backed by Galaxy Digital, MEV Capital, Bitcoin Suisse, Auros, and Deus X Capital.

Why the Zebec integration mattersThe addition of $USX to Zebec Cards positions the product as a bridge between on-chain yield and real-world spending. Rather than converting yield into a passive holding, users can now route it directly into everyday payments through the Zebec card. That is a meaningful distinction in a market where stablecoin spending products are competing hard to stand apart. Zebec has been expanding its stablecoin settlement rails steadily, having previously integrated USDC through Circle's Alliance Program and added support for the USD1 stablecoin for payroll use cases. The USX integration adds a yield-native option to that lineup, targeting users who want their card balance to work harder while sitting idle.

Sources:
Solstice Finance Officially Launches USX With $160M TVL (Investing.com)
Solstice Finance Launches USX Stablecoin and YieldVault (The Defiant)
Solstice Labs to Launch Yield-Bearing Stablecoin USX on Solana (The Block)

Rarible has launched its NFT marketplace on Solana after months of development, naming Claynosaurz as its first featured collection.

Summary

Rarible is now live on Solana following several months of building and testing. Claynosaurz became the marketplace’s first featured Solana NFT collection. Rarible plans to add more Solana collections and marketplace features in the coming weeks. The expansion comes as EU lawmakers consider clearer rules for NFTs and other crypto sectors. Rarible expands its marketplace to Solana Rarible announced the launch on Thursday, marking its latest expansion beyond the blockchain networks already supported by its NFT marketplace.

We have a surprise…

We’ve actually been working on Solana for months.

Today, we’re incredibly excited to finally say it:

Rarible is now live on @solana.

We're kicking things off with @Claynosaurz as the first featured collection on the marketplace.

This is just the… pic.twitter.com/PnUKc7b2sj

— Rarible (@rarible) August 6, 2026 Claynosaurz, a Solana-based entertainment and NFT brand built around animated dinosaur characters, will serve as the first featured collection. Rarible said it would onboard additional projects from across the network over the coming days and weeks.

“We’ve actually been working on Solana for months,” the company said. “Today, we’re incredibly excited to finally say it: Rarible is now live on Solana.”

The company did not disclose how many collections would be added during the initial rollout or provide a fixed schedule for future integrations.

Rarible said its team spent several months developing and testing the Solana marketplace. It also consulted NFT communities to understand how individual projects approach their identities, cultures, and collector bases.

According to the company, feedback from those discussions shaped some of its product decisions. Rarible said it wants to create collection-specific experiences instead of merely listing assets on a standard marketplace interface.

Gacha Station previewed Rarible’s Solana plans Rarible described its earlier Gacha Station release on Solana as an initial look at the broader integration rather than a standalone product.

Gacha Station lets users purchase randomized digital collectibles, borrowing its format from capsule-toy and loot-box systems. Its rollout gave Rarible an early way to test products and user activity on Solana before launching the wider marketplace.

The company characterized the current marketplace as a foundation for a larger expansion. Planned updates include additional collections, new features, improvements to the trading experience, editorial content and community campaigns.

Rarible did not provide transaction-volume targets or details about how it plans to compete with established Solana NFT platforms. Marketplace adoption will depend partly on the collections it secures and whether it can attract collectors already active elsewhere in the ecosystem.

Why Solana matters for Rarible Solana offers relatively low transaction fees and faster settlement than several older blockchain networks, making it a common venue for frequent NFT trading and lower-priced digital collectibles.

Adding the network allows Rarible to reach Solana-native creators and collectors without requiring them to move assets to another blockchain. It also gives projects another marketplace through which they can present and trade their collections.

The launch comes as NFT marketplaces face pressure to distinguish themselves through creator tools, community features and collection-specific products. Trading fees have also fallen across the sector as competing platforms seek to attract liquidity.

For U.S. users, Rarible’s announcement did not identify any new geographic restrictions or changes to marketplace access. NFT regulatory treatment in the United States can depend on how a collection is marketed and structured, rather than the blockchain on which it trades.

EU lawmakers seek a review of NFT rules Rarible’s Solana expansion also arrives as European policymakers consider whether NFTs should fall more clearly within the bloc’s crypto regulations.

In July, the European Parliament adopted a policy report calling on the European Commission to examine decentralized finance, staking, crypto lending, borrowing and NFTs following the full rollout of the Markets in Crypto-Assets regulation.

The report did not change MiCA or create immediate obligations for NFT marketplaces. However, it established Parliament’s position that areas outside the existing framework may require further review.

MiCA’s transition period ended on July 1, requiring covered crypto-asset service providers to secure EU-wide or national authorization to continue operating across the bloc. Whether future rules extend more explicitly to NFT services could affect marketplaces such as Rarible as they add networks, collections and users.

For now, Rarible plans to continue expanding its Solana marketplace gradually, with its next phase centered on onboarding projects and refining the platform using feedback from the network’s communities.