Track market-moving stories before they get noisy

Kylie Jenner’s verified X account, which has roughly 39.5 million followers, briefly promoted a Solana memecoin on Pump.fun before the posts were scrubbed. The token tied to the now-deleted posts saw its market cap spike to $1.21 million, then collapse below $120,000 in what appears to be the latest in a growing pattern of celebrity account compromises used to pump short-lived tokens.

The posts directed followers to a Pump.fun page with the handle “cutekjenner” and included a Solana contract address. Both were removed shortly after publication, but not before on-chain observers and community members flagged the activity as almost certainly the result of a hack.

What happened on-chain The token associated with the contract address (6b7KQsXqb6JR5Nmeer5zGRmo51dwDfttM5b5Nu2rpump) launched on Pump.fun, Solana’s dominant memecoin launchpad. Within minutes of the posts going live from Jenner’s account, buying pressure pushed the token’s market cap to an all-time high of $1.21 million.

That peak didn’t last long. Once the posts disappeared, sellers took over. The market cap cratered to below $120,000, a drop of more than 90%.

A familiar playbook Throughout 2024 and into 2025, a string of high-profile X accounts were compromised using nearly identical tactics: gain access to a verified celebrity or brand account, post a Solana token address or Pump.fun link, let the FOMO do the rest, and cash out before anyone realizes the account holder had nothing to do with it.

Community reactions on both Pump.fun and X pointed to several red flags. The tone of the posts didn’t match Jenner’s typical content. The timing was abrupt. And the deletion, coming just minutes later, suggested either the real account holder regained access or the attacker pulled the plug after extracting enough value.

As of the immediate aftermath, neither Kylie Jenner nor her representatives had issued any official statement about the incident.

The mechanics of celebrity account exploits Pump.fun has become the de facto venue for this type of attack because of how frictionless it makes token creation. Anyone can launch a Solana token on the platform in seconds, with no vetting or approval process.

The exploit relies on a simple asymmetry: the attacker knows the post is fake, but the 39.5 million people who follow Kylie Jenner do not. Even if only a tiny fraction of those followers act on the post, the resulting buy pressure on a low-liquidity token is enough to generate a massive price spike. The attacker, who presumably loaded up on the token before posting, sells into that spike.

A token that briefly hits $1.21 million in market cap on Solana, where transaction fees are negligible, represents a potentially significant payday for whoever holds a large percentage of the supply at launch.

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

Pump.fun just posted $13.68 million in weekly protocol revenue, its strongest seven-day stretch since February. Nearly all of it, $13.67 million, came from activity on Solana. The remaining sliver originated from the platform’s smaller footprints on Base, BSC, and Ethereum.

The numbers behind the surge Pump.fun’s 24-hour revenue clocked in at $1.77 million, while the trailing 30-day figure reached $47.75 million. Annualized, the platform is on pace to generate roughly $461 million in protocol revenue.

Since launching on January 19, 2024, cumulative revenue has crossed $1.259 billion. Cumulative fees are even higher, exceeding $1.997 billion.

The platform earns revenue through a mix of trading fees, graduation fees (charged when a token’s bonding curve completes and migrates to open trading), and ancillary products like PumpSwap and its advanced trading terminal. The bonding curve mechanism prices tokens algorithmically as buyers pile in, creating instant liquidity without needing a traditional market maker.

PUMP token economics and holder payouts The PUMP token currently trades around $0.005, giving it a market capitalization of approximately $1.95 billion and a fully diluted valuation near $4.19 billion.

A protocol generating nearly $48 million per month while trading at a $1.95 billion valuation implies a price-to-annualized-revenue multiple of roughly 4.2x.

In the past seven days alone, $6.55 million was distributed to PUMP holders through buybacks and profit-sharing mechanisms. That means roughly 48% of weekly protocol revenue is being funneled back to token holders.

What’s driving the revival Pump.fun’s model allows token creation without pre-mines or insider advantages. The bonding curve launch mechanism means every buyer faces the same price curve, eliminating the informational asymmetry that plagues traditional token launches.

PumpSwap, the platform’s integrated decentralized exchange, captures trading volume that might otherwise leak to third-party AMMs, keeping the full lifecycle of a meme token from creation through active trading within its own ecosystem.

What this means for the broader market For Solana specifically, Pump.fun’s activity is a non-trivial contributor to network usage and transaction fees. A platform generating billions in cumulative fees creates real demand for SOL needed to pay gas, which feeds back into the network’s economic model.

For PUMP token holders, the 30-day revenue of $47.75 million and $6.55 million in weekly holder distributions are the key variables to watch. If weekly fees drop back, holder distributions would shrink proportionally, and the valuation math would need to be reworked entirely.

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

Solana’s decentralized application ecosystem pulled in $35 million in revenue last week, the highest weekly total in 29 weeks. The last time the network’s apps hit a comparable mark was back in early February, making this a notable rebound after months of more modest figures.

Where the money is coming from Pump.fun, the memecoin launchpad that has become synonymous with Solana’s consumer-facing identity, has been generating between $8 million and $12 million in revenue over recent seven-day periods. The platform’s lifetime revenue has now crossed the $1 billion mark.

DeFi protocols Jupiter and Raydium continue to serve as the network’s trading backbone. Jupiter, Solana’s leading aggregator, routes swaps across the ecosystem’s liquidity pools, while Raydium provides the automated market-making infrastructure that underpins much of the network’s trading volume.

Revenue concentration among the top applications is striking, with the top-performing apps claiming 60–78% of total revenue, according to analytics from DeFiLlama and SolanaFloor.

Solana’s sustained lead over other chains In Q2 2026, Solana dApps collectively earned $257 million, maintaining the network’s position as the top-revenue blockchain for the ninth consecutive quarter across both Layer 1 and Layer 2 networks. Solana captured roughly 41% of total Web3 dApp revenue during that stretch.

Monthly figures during peak periods earlier in 2026 surpassed $100 million. Weekly revenues showed meaningful volatility throughout the year, ranging from around $16.94 million during quieter stretches in April and May to peaks approaching $50 million during standout weeks.

Memecoins as an economic engine Memecoin launches and trading activity, facilitated primarily through Pump.fun, represent a massive chunk of Solana’s application economics. Trading activity generates fees for validators, creates volume for DEX protocols like Raydium, and drives swap transactions through Jupiter.

What to watch going forward Revenue concentration among a small number of applications means the ecosystem’s headline metrics are vulnerable to idiosyncratic shocks. Weekly revenues fluctuating between $16.94 million and $50 million within a single year underscores how quickly conditions can shift.

Network fees generated by high transaction volumes flow to validators and stakers, creating a direct economic link between application activity and token value. Nine consecutive quarters of revenue leadership is the kind of consistency that tends to attract institutional attention.

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

Solana (SOL) edges lower to $94 on Monday, following a 27% rebound last week to a two-month high. SOL-focused Exchange Traded Funds (ETFs) recorded four consecutive days of inflows last week, totaling $28.34 million, suggesting renewed institutional buying. Validator voting on multiple proposals started on Monday, which includes doubling the disinflation rate to 30%. 

Solana validator voting beginsSolana validators have begun voting on SGP 1, SGP 2, and SGP 3 proposals, with voting ending Thursday. The SGP 1 protocol addresses the ratification of the Solana Constitution to govern Solana’s network-level decision-making. SGP 2 proposes reducing the inflation rate by increasing the disinflation rate to -15% to -30%. Finally, SGP 3 plans to introduce a fixed base inclusion fee paid to the block leader and a resource fee with a requested transaction cost, which will be burned. 

Taken together, the proposals will restructure on-chain decision-making and reduce pressure on available supply. 

Solana ETFs regain strengthSolana regains institutional demand. SoSoValue data shows the SOL-focused ETFs recorded $28.34 million in inflows last week, the highest over the last two months. Typically, renewed buying from institutional investors implies a bullish trend reversal. 

SOL ETFs data. Source: SosovalueTechnical outlook: Will SOL price cross above $100?Solana trades around $94 on Monday, holding a bullish near-term bias above both the 50-day Exponential Moving Average (EMA) at $79.04 and the 200-day EMA at $92.67. SOL price remains capped below the $100 psychological level and the May 11 high of $98.41.

For a sustained recovery, SOL should confirm a decisive close above the $100 mark. This could open the path toward the 127.2% Fibonacci extension level of the $98.41 to $60.13 downswing at $112.52.

Momentum stays strong, with the Relative Strength Index (RSI) hovering in overbought territory near 79 on the daily chart. At the same time, the Moving Average Convergence Divergence (MACD) shows a steady upward trend with a positive histogram, suggesting that buying pressure remains dominant.

SOL/USDT daily price chart.On the downside, initial support is seen at the 200-day EMA around $92.67, followed by the 78.6% retracement near $88.56. Deeper declines would expose the 50-day EMA at $79.04 and the 50% retracement at $76.92.

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

TLDR: The proposal could cut projected six-year SOL supply by 18.9M tokens, equal to about $1.81B at $95.70. Modeled staking yields could fall from 5.84% now to 4.34% after one year and 2.25% after three years. SGP-0002 needs one-third stake participation and two-thirds support, making it an early governance test. A 30% disinflation rate could bring Solana to its 1.5% inflation floor in 2029 instead of around 2032. Solana has opened an on-chain vote on SGP-0002, putting a token issuance change before validators and stakers. The proposal would double annual disinflation from 15% to 30%, accelerating how quickly new SOL issuance declines without changing the network’s 1.5% inflation floor.

⚡️LATEST: Solana’s proposal to double its disinflation rate from 15% to 30% is now live for governance voting.

If approved, $SOL inflation would fall twice as fast, meaning fewer new tokens entering circulation and less dilution for holders. pic.twitter.com/pPTt5iXQ5p

— CryptosRus (@CryptosR_Us) August 23, 2026

The vote is active under the network’s new stake-weighted governance framework, where validators and native stakers signal support or opposition. Delegators can override their validator’s choice, giving stakers a direct role in the outcome. The decision therefore combines monetary policy with an early governance test.

Solana Vote Puts 18.9M SOL Issuance Cut Before Stakers SGP-0002 is linked to SIMD-0550, authored by Lostin and 0xIchigo of Helius. Their June model placed the inflation rate at 3.82% under the existing schedule. At the current 15% annual disinflation rate, inflation would fall to about 3.24% after one year, reaching the 1.5% floor around the first half of 2032.

Source: X

However, the proposed 30% schedule would move faster. Inflation would decline to roughly 2.86% after one year and reach the same floor around early 2029. That acceleration would reduce cumulative issuance. The model projects total supply of 708.54 million SOL after six years, versus 727.43 million under the current schedule.

The 18.9 million-token difference equals about 2.6% of projected supply. At $95.70 per SOL on Aug. 23, that amount is worth about $1.81 billion. Nonetheless, the proposal does not immediately halve inflation. It only doubles the pace at which the inflation rate declines toward the unchanged long-term floor.

Lower issuance would also reduce staking rewards. At 68% modeled staking participation, nominal yield would fall from about 5.84% currently to 4.34% after one year. The model then places staking yield near 3.00% after two years and 2.25% after three years. Those figures exclude commissions, MEV, and block-related revenue.

Validator economics also weaken gradually. Among 738 validators, two additional operators become unprofitable or move from breakeven after one year. That number rises to 13 after two years and 30 after three years. Still, the authors modeled the overall validator impact as relatively limited.

Lower Staking Yields Put Validator Economics in Focus The economics have already drawn institutional opposition. Nasdaq-listed Solana Company said Aug. 21 that it would vote against SGP-0002. The company supports lower issuance as a long-term goal. However, it argued that changing established economics during the first governance cycle could reduce institutional predictability.

The vote also follows the failed SIMD-228 debate in 2025. That proposal sought dynamic issuance tied to staking participation rather than the existing fixed schedule. About 74% of staked SOL participated. However, only 61.4% of non-abstaining votes supported the proposal, below the required two-thirds threshold.

Under the new SGP process, at least one-third of network stake must participate. Two-thirds of participating stake must then vote in favor for passage. SGP-0002 therefore places two questions before the network. One concerns how quickly SOL dilution should decline, while the other tests whether governance can produce decisive consensus.

Circle’s USDC Treasury minted 250 million USDC directly on the Solana blockchain in a single on-chain transaction on August 20, 2026. The move, flagged by Whale Alert and confirmed via Solana transaction data, represents fresh issuance rather than a redeployment of existing supply.

A single mint, but part of a much larger wave The $250M transaction did not happen in isolation. According to tracking data, roughly $1.25B in USDC was minted on Solana within a single week during mid-to-late August 2026. That is five transactions the size of this one, compressed into seven days.

Circle operates USDC on a strict 1:1 model against USD reserves. Every token minted corresponds to a real dollar sitting in a custody account. Circle only mints on verified demand, meaning the issuance is a response to demand already sitting at the door.

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USDC held its peg through and after the transaction, producing no immediate price impact.

Why Solana, and why now The clustering of large USDC mints throughout 2026, with similar 250M events occurring multiple times this year alone, points to sustained and growing institutional appetite.

DeFi activity on Solana has been a significant pull factor. Liquidity pools require deep stablecoin reserves to function efficiently, and institutional desks routing dollar exposure through on-chain venues have similarly contributed to the demand signal Circle is responding to.

The minting itself is trackable in real time through services like Whale Alert, which broadcast large on-chain transactions to market participants.

What this means for Solana’s competitive position Ethereum remains the dominant venue for stablecoin issuance in aggregate, but Solana’s growing share of Circle’s minting activity reflects a rebalancing in where institutional and DeFi users prefer to operate.

The key variable to watch is where the newly minted USDC flows next. Movement into centralized exchanges would suggest institutional actors are preparing to trade or redeem. Movement into on-chain liquidity pools would indicate DeFi protocols absorbing the new supply.

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

The Bitwise Solana Staking ETF (BSOL) hauled in $20 million in inflows this week, adding fuel to what’s been a quietly impressive run for the first US exchange-traded product offering direct spot exposure to SOL with built-in staking rewards.

For a product that only launched in late October 2025, BSOL has accumulated roughly $730 million in net assets by mid-August 2026.

A staking ETF that actually stakes BSOL’s differentiator isn’t just that it holds SOL. It’s that it aims to stake virtually 100% of its assets, passing staking rewards through to shareholders. The current gross staking yield sits around 6.20%, or about 5.83% after fees.

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The ETF charges a management fee of just 0.20%, and Bitwise has waived even that for the first $1 billion in assets during the launch period. At $730 million in net assets, that fee waiver runway is shrinking.

By mid-August, BSOL held approximately 8.36 million SOL tokens. The custody arrangement runs through Coinbase Custody, with Bank of New York Mellon serving as administrator and KPMG handling audit duties.

Weekly flows tell the bigger story This week’s $20 million haul builds on a pattern of strengthening demand. Data from SoSoValue pegged the weekly inflow for the period ending August 14, 2026 at roughly $10.26 million, the highest weekly total since May. Within that stretch, August 10 alone saw $8.8 million flow into BSOL, the ETF’s largest single-day intake on record at the time.

The first half of 2026 brought $267.1 million in total inflows.

What makes the recent surge notable is the context. SOL prices experienced a general decline earlier in 2026, meaning investors buying into BSOL during this period were making a deliberate bet on recovery rather than chasing momentum.

Why staking changes the ETF math A 5.83% net yield means that even in a flat market, BSOL shareholders are earning meaningful returns. In a rising market, they get appreciation plus yield. In a declining market, the staking rewards provide a cushion that pure spot exposure can’t match.

At 8.36 million SOL, the ETF already represents a meaningful chunk of staked supply, and every inflow week tightens that dynamic further.

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

8 hours ago

SOL Treasury Company (HSDT) has announced its voting stances on the first three Solana Governance Proposals (SGPs): it supports SGP-0001, the "Solana Constitution"; opposes SGP-0002, which would double the inflation reduction rate; and rejects SGP-0003, which would shift transaction fees from fixed to variable. On-chain voting is scheduled to open on August 22. The firm stated its support for the Solana Constitution stems from the new governance framework, which allows every staker to vote directly, and holders can always override the votes of the operators they have delegated—this, it says, facilitates institutional participation in network decision-making. Regarding the other two proposals, the company emphasized it is not opposed to the policy directions themselves, but rather the timing. This is a critical phase for institutions considering entering Solana, where rule stability and predictability are top priorities for institutions. Altering core economic parameters like inflation rates and transaction fees at this juncture could further deter institutions that remain on the fence. The firm added that it will support revisiting inflation reduction once it sees sustained net capital inflows into SOL, and is open to reconsidering variable transaction fees after the ecosystem adapts.

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Solana extended its robust weekly rally this week, rising more than 19% as a combination of stronger liquidity expectations and heightened institutional demand continued to lift the broader cryptocurrency market.

Institutional inflows and Treasury buyback expansion support rallySOL reached an intraday high of $91.00 on Friday, trading near $90.90 and pushing toward a significant technical resistance zone that could shape the next direction of the rally.

The upward momentum in Solana’s price coincided with the US Treasury Department’s announcement to increase specific buyback operations. The department said it would boost the size of liquidity-support buybacks for longer-dated nominal coupon securities from $2 billion to at least $4 billion per operation, seeking to improve overall market liquidity.

This move appeared to ease liquidity concerns in traditional markets, encouraging investors to increase their risk exposure, including in major cryptocurrencies.

Solana gained over 10% on Wednesday, driven in part by a broader short squeeze across the crypto sector sparked by the Treasury decision.

The rally was sustained in subsequent sessions, with SOL briefly trading above $90 before confronting resistance at its 200-day exponential moving average (EMA).

Analysts note that institutional demand has continued to build during Solana’s recent advance. Data from CoinGlass showed that spot Solana ETFs attracted $14.60 million in net inflows on Thursday, the highest single-day total since late July. This marked the third consecutive day of positive flows into these products.

Sustained demand for Solana investment products may continue to underpin the token’s recovery, especially if institutional buyers expand their investments. Any slowdown in ETF inflows, however, could limit momentum.

Spot Solana ETFs saw $14.60 million in net inflows, their strongest daily performance since July, signaling steady institutional demand and contributing to the ongoing rally around $90.90.

While traditional markets often depend on multiple intermediaries, the trend toward tokenizing real-world assets is gathering pace. Investors are increasingly turning to platforms such as 1stepSwap, where they can hold shares of major US companies, gold, and silver directly within crypto wallets. By leveraging automated price discovery and removing middlemen, these solutions further impact market liquidity and access.

SOL tests major resistance, technical signals mixedOn Friday, Solana traded around $90.90, just above the 200-day EMA at $89.28, a level widely followed as a long-term trend indicator and now acting as crucial resistance.

A firm close above the 200-day EMA could encourage further upside momentum, bringing the next resistance area near $96.19 into focus. Achieving this target from $89.14 would represent an additional gain of roughly 7.9%.

SOL remains well above its shorter-term moving averages, with the 50-day EMA at $76.91 and the 100-day EMA at $78.63, emphasizing the current bullish setup. Nonetheless, traders remain cautious as buying interest must overcome resistance at the 200-day EMA to push the rally further.

Some technical indicators suggest the recent rally could be overextended. The relative strength index (RSI) was near 79, indicating overbought conditions and raising the risk of a short-term pullback or price consolidation.

At the same time, the moving average convergence divergence (MACD) remains firmly positive, suggesting that bullish momentum has not yet faded.

If SOL holds above $89.28, technical support lies at the 100-day EMA ($78.63), a horizontal support zone near $77.07, and the 50-day EMA ($76.91). A sharper decline might see prices test an older rising trendline close to $74.38.

For now, market participants are closely monitoring whether Solana can establish a lasting move above its 200-day EMA. Such a break could bring the $96.19 resistance into play and determine the next phase for SOL’s price trajectory.

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

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

South Korean financial giant Shinhan Asset Management has announced the development of a pilot tokenized fund denominated in Korean won (KRW) on the Solana blockchain. The product, focused on ultra-short-term bonds for offshore institutional investors, fully replicates the structure of BlackRock's BUIDL fund — the largest player in the real-world asset (RWA) sector.

To launch the project, Shinhan signed a four-party agreement with the Solana Foundation, fintech platform Etherfuse and decentralized exchange Orca. As part of the proof of concept (PoC), the partners are testing the entire operational cycle, from customer verification (KYC) and anti-money laundering (AML) procedures to foreign exchange compliance.

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Orca's role in this chain will be to provide on-chain liquidity for asset conversions, fully replicating the institutional standards embedded in BlackRock's business model.

Solana was selected because of its current position in the tokenization market. The network ranks third globally by the value of distributed RWA assets, with $3.86 billion, and leads by the number of launched projects, with 2,678 compared with Ethereum's 2,268. Meanwhile, the market capitalization of stablecoins on the network exceeds $15.9 billion.

Top 10 blockchain networks ranked by Real World Asset distributed value, Source: RWA.xyzShinhan is deploying its product within an ecosystem where BlackRock's architecture has already proven effective in practice. The BlackRock USD Institutional Digital Liquidity Fund operates on Solana with $695 million in assets, making it the network's undisputed leader.

Other major players rely on the same proven blockchain infrastructure blueprint, including the Janus Henderson AAA CLO Fund with $201.7 million, Ondo U.S. Dollar Yield with $179.3 million and the State Street Galaxy OnChain Liquidity Sweep Fund with $161 million.

Why the Korean won is moving offshore on SolanaAccording to Shinhan CEO Lee Seok-won, the company aims to become a leading issuer of won-denominated digital products.

All fund operations are currently being conducted offshore and are limited to technical validation. This is due to the regulatory timeline: official rules for security token offerings (STOs) will not take effect in South Korea until February 2027.

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While the market awaits regulatory changes, Shinhan is building a fully operational infrastructure ahead of the opening of domestic trading.

Against the backdrop of BCG's forecast that the global RWA market will grow from its current $36 billion to $30 trillion by 2030, the adoption of successful Western models makes Solana a leading contender for integration with Korean capital.

Solana just posted $2.3 million in single-day revenue, marking its second-highest daily figure since September 2025. The milestone lands in mid-August 2026, a period where on-chain activity across the broader crypto market has been picking up steam.

What’s driving the revenue spike Daily chain-level fees for Solana have typically hovered in the $50K to $100K range. That means the bulk of any multi-million-dollar day comes from app revenue, which can peak near $6 million during periods of heavy usage.

For context, Solana’s ecosystem generated an estimated $2.85 billion in total revenue from October 2024 through September 2025. That works out to roughly $240 million per month on average, with the best months pushing close to $616 million. A $2.3 million day is strong but not wildly out of line with what the network has shown it can produce during peak activity windows.

The corporate Solana bet The Nasdaq-listed Solana Company, trading under the ticker HSDT, reported $2.526 million in Q2 2026 revenue, with $2.512 million of that coming directly from staking SOL holdings. The firm posted $6.1 million in total revenue for the first half of 2026, a significant jump from prior periods.

The Solana Company also completed its divestiture of legacy medical device operations during Q2, officially going all-in on blockchain infrastructure.

What to watch from here For SOL holders and Solana ecosystem participants, the revenue data provides a useful lens that cuts through price-chart noise. A chain generating nearly $3 billion annually in ecosystem revenue has fundamentally different prospects than one running on speculation alone.

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

https://mashable.com/article/what-is-solana

Solana has reportedly attracted $700 million in real-world asset inflows, making it the leading blockchain for tokenized equities, according to a social media post from Jupiter Exchange. This influx is part of a broader trend, as Solana’s RWA ecosystem was already estimated to be valued between $3.7 billion and $3.9 billion as of mid-August 2026. Jupiter’s involvement in routing tokenized-stock trades onchain highlights its role in Solana’s expanding onchain equities market. The platform has integrated various services to facilitate tokenized shares and ETFs on the Solana blockchain.

Key Takeaways Recent inflows suggest Solana is strengthening its competitive position as a leader in tokenized equities. The reported $700 million asset inflow could indicate growing market confidence in Solana’s RWA ecosystem. Market pricing appears consistent with participants viewing this development as supportive of future price increases for Solana. What to Watch Observers should monitor Solana’s ongoing network developments and any upcoming announcements from the Solana Foundation and related entities. Key indicators to note include potential upgrades or performance improvements on the network, which could further influence market sentiment. Additionally, any regulatory developments or institutional partnerships related to tokenized equities on Solana could impact market dynamics and future price expectations.

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Term Structure

Contract Odds Δ since publish Volume 24h September 1 2026 0.8% — — View market → September 1 2026 0.9% — — View market → September 1 2026 1.2% — — View market → September 1 2026 2.8% — — View market → September 1 2026 22.1% — — View market → September 1 2026 73.4% — — View market → September 1 2026 4.6% — — View market → September 1 2026 1.5% — — View market → September 1 2026 0.3% — — View market → September 1 2026 0.1% — — View market → September 1 2026 1.1% — — View market →

Solana’s tokenized fund market cap grew by $12.5 million over just seven days, underscoring the blockchain’s rapidly expanding role as a hub for real-world assets moving on-chain. That weekly figure is a slice of a much larger story: over the past 30 days, Solana led all tracked chains with a $201.2 million increase in tokenized fund market capitalization.

In a total addressable market of roughly $34.7 billion across multiple chains, Solana now holds an estimated $1.9 billion in tokenized fund market cap. That’s still a fraction of Ethereum’s dominance, but the growth rate tells a different story entirely.

From niche to institutional playground Solana’s non-stablecoin real-world asset ecosystem value has surged to historic levels, reaching between $3.4 billion and $3.9 billion during mid-2026 according to Token Terminal data. The drivers behind that number read like a traditional finance product catalog: tokenized credit funds, equities, ETFs, and money market instruments.

BlackRock and Securitize are among the notable names actively launching products on Solana’s network.

The tokenized credit fund sector alone tells a compelling story. Solana achieved the most substantial year-to-date growth among tracked chains in that category, contributing to a cumulative market cap of $664.3 million within tokenized credit funds.

Tokenized equities have become another pillar of Solana’s RWA strategy. Recent data shows that 97% of on-chain tokenized equities spot volume settled on Solana, with daily trading volumes exceeding $680 million.

Why Solana keeps winning institutional mandates The technical case for Solana in the tokenized fund space comes down to speed and cost. Sub-second settlement finality means that when an institution tokenizes a Treasury bill or equity product, the transaction clears faster than it takes to refresh a Bloomberg terminal.

Compare that to traditional settlement cycles. Even after the SEC’s push to T+1 settlement in US equity markets, the process still involves intermediaries, reconciliation, and overnight batch processing. Solana’s architecture collapses that entire pipeline into something approaching real-time.

Low transaction costs matter equally. Tokenizing a money market fund on a chain where gas fees routinely spike into double digits per transaction creates friction that defeats the purpose. Solana’s fee structure, typically measured in fractions of a cent, makes micro-transactions and frequent rebalancing economically viable for fund managers.

The competitive landscape and what to watch Several dynamics are worth monitoring. First, the concentration of tokenized equity volume on Solana at 97% creates both opportunity and risk.

Second, the institutional players entering Solana’s ecosystem bring credibility but also expectations. BlackRock and Securitize don’t build on experimental infrastructure. Their presence signals confidence in Solana’s reliability, but it also raises the stakes for network uptime and security. Solana’s historical struggles with outages remain a concern for institutions accustomed to five-nines availability.

Third, the regulatory environment for tokenized securities remains fluid. How the SEC and global regulators ultimately classify and oversee tokenized funds will shape which blockchains capture the most institutional capital.

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

https://coinpedia.org/price-analysis/jito-surges-as-solanas-market-layer-goes-live-can-jto-price-extend-its-rally-beyond-1

The holders of JitoSOL have achieved the necessary governance quorum, enabling the Jito Stake Pool to cast a decisive YES vote on three active Solana governance proposals. This development involves approximately 10 million SOL being used to influence protocol governance, marking a significant step for JitoSOL holders in participating in Solana’s decision-making processes. The quorum was reached under the JIP-30 trigger mechanism, which allows the stake pool to reflect the collective vote of JitoSOL holders once the threshold is met, thereby integrating liquid staking token holders into Solana’s governance framework.

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The move appears to reflect a growing trend of liquid staking tokens playing a crucial role in blockchain governance. By involving JitoSOL holders in decision-making, the initiative could enhance engagement and confidence in the Solana ecosystem. The market response to this development suggests a positive outlook, potentially impacting Solana’s market dynamics and price trajectory.

Key Takeaways The move appears to integrate JitoSOL holders into Solana’s governance, suggesting increased community involvement. JitoSOL’s governance mechanism indicates strong support for the current Solana proposals, potentially impacting market sentiment. The development could indicate a shift in the governance role of liquid staking tokens within the Solana ecosystem. What to Watch The effects of this governance decision on Solana’s market dynamics will be crucial in the coming days. Observers should monitor Solana’s price movements and any subsequent governance outcomes. Additionally, further integration of liquid staking tokens into other blockchain governance frameworks could indicate a broader trend, potentially influencing market confidence and participation.

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Term Structure

Contract Odds Δ since publish Volume 24h September 1 2026 0.2% — — View market → September 1 2026 0.9% — — View market → September 1 2026 1% — — View market → September 1 2026 1.8% — — View market → September 1 2026 16.1% — — View market → September 1 2026 60.9% — — View market → September 1 2026 7% — — View market → September 1 2026 1.7% — — View market → September 1 2026 0.3% — — View market → September 1 2026 0.1% — — View market → September 1 2026 0.7% — — View market →

MoneyGram, a legacy leader in the global remittance industry, is bridging the gap between traditional finance and decentralized finance (DeFi). 

In a recent interview on Bloomberg Crypto, MoneyGram CEO Anthony Soohoo said that the goal is to connect the real world with the digital one. "Anyone building on Solana can use our off-ramp, the ability to put cash in or cash out, at any of our 500,000 retail locations. We're trying to connect the real world with the digital world," he said.

Stablecoins were once viewed as an existential threat to traditional remittance companies. However, MoneyGram's massive merchant network is fully embracing the budding crypto era. 

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The new Solana integration makes it possible for users to convert their stablecoins into physical cash at hundreds of thousands of locations. 

"I would say the biggest announcement we make with Solana is about access," Soohoo stated.

The integration connects digital wallets to real-world cash registers. "We see a future for payments where it is going to be open, and we would provide access to where the customers [are]," Soohoo said. 

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The ultimate goal, according to Soohoo, is "to provide other developers to be able to build on our MoneyGram network."

The full scope of the developer tools is still rolling out. The MoneyGram boss has noted that the framework is meant for broad participation, adding, Anyone who wants to innovate in the payments space will now have the physical infrastructure to back up their digital applications.

MoneyGram's blockchain pivot After its failed Ripple deal, MoneyGram's blockchain push began with Stellar. 

In 2021, MoneyGram partnered with the Stellar Development Foundation to connect Stellar's blockchain 

In June, the company launched MGUSD, its own dollar-denominated stablecoin, with infrastructure partners including Bridge, Crossmint, Fireblocks, M0 and Stellar. 

As reported by U.Today, MoneyGram Ramps went live on Solana earlier this month. Rift became the first Solana wallet to integrate the service.

https://www.dlnews.com/articles/web3/solana-quietly-ends-support-for-saga-mobile-phone-just-two-years-after-launch/

Solana Mobile has announced the launch of a USDC Earn Vault within its Seed Vault Wallet, using the DeFi protocol Kamino. This initiative allows Seeker users to earn variable yield on USDC deposits with automatic compounding and no lockup period. The move integrates more closely Solana’s consumer wallet offerings with on-chain yield products, potentially enhancing user engagement with the Solana ecosystem. Kamino’s role as a DeFi protocol offering lending and liquidity products further supports this integration, showcasing Solana’s commitment to expanding its mobile wallet capabilities.

The market reaction to this development suggests potential increased interest in Solana-related products. Although the source is classified as Tier 3, indicating limited immediate impact, markets may still view this as a positive indicator for Solana’s network growth. Current predictions for Solana’s price reaching certain targets in August show mixed expectations, with some significant movements in probabilities observed in recent activity.

Key Takeaways Solana Mobile’s launch appears to integrate its consumer wallets more deeply with on-chain services, suggesting enhanced ecosystem utility. Market behavior indicates potential user growth in Solana’s ecosystem due to this added functionality with USDC Earn Vault. Despite the Tier 3 source, the development is seen as consistent with potential for increased demand for Solana. What to Watch Watch for subsequent Solana announcements or partnerships that could further influence its ecosystem development. Any changes in Solana’s network performance or additional product integrations may support scenarios where Solana gains increased utility. Additionally, attention should be given to broader market movements and regulatory developments that could affect the overall sentiment towards Solana and its offerings in the DeFi space.

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Term Structure

Contract Odds Δ since publish Volume 24h September 1 2026 0.1% — — View market → September 1 2026 0.9% — — View market → September 1 2026 0.9% — — View market → September 1 2026 1.2% — — View market → September 1 2026 16.2% — — View market → September 1 2026 66.1% — — View market → September 1 2026 7% — — View market → September 1 2026 1.2% — — View market → September 1 2026 0.4% — — View market → September 1 2026 0.1% — — View market → September 1 2026 0.7% — — View market →

Block is letting a third party sell the tokens it has never listed, and Cash App balances can now fund outside wallets including MetaMask and Ledger.

Original Image Credits: Tada Images / Shutterstock.com

Posted August 18, 2026 at 3:56 pm EST.

MoonPay turned on Cash App Pay as a payment method on Tuesday, letting eligible U.S. customers spend their Cash App balance at MoonPay checkout.

The effect is that Cash App money can now buy tokens Block has never listed. MoonPay’s onramp reaches ether, solana, XRP and more, and purchases can be pushed into third-party and self-custody wallets including Ledger, BitPay, Trust Wallet, MetaMask and Uniswap.

Block Rents What It Will Not List Cash App sold bitcoin and nothing else for years, then began a phased USDC rollout in late May. The partnership with MoonPay allows users to use their Cash App balances to access other cryptocurrencies without holding it on Cash App.

“While bitcoin remains at the core of our digital asset strategy, we want to give customers choice and flexibility wherever and however they choose to pay,” Morgan Kuntze, Block’s global partnerships lead, said in MoonPay’s announcement.

MoonPay has spent the year widening its U.S. payment options, adding the Discover network as its third major card network and launching an enterprise stablecoin platform aimed at banks and merchants. Cash App Pay is the consumer version of the same push, and it hands MoonPay a funded wallet with tens of millions of U.S. users attached.

Related Listen: Why the AI Business Model Is Cracking and How Crypto Could Help Fix It

AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.

Neuberger teams with Securitize on multi-chain tokenized fixed-income fund launch Latest NewsPublishedAug 18, 2026

The $613 billion asset manager will subadvise a high-yield fund tokenized across Ethereum, Solana, Avalanche and Sui.

Asset manager Neuberger has launched its first tokenized fixed-income fund through Securitize, offering an actively managed high-yield strategy across four blockchains, Ethereum (ETH), Solana (SOL), Avalanche (AVAX) and Sui (SUI).

The Neuberger Securitize High Income Tokenized Fund (HINC) will invest primarily in high-yield bonds, with additional exposure to collateralized loan obligations and leveraged loans, according to an announcement Tuesday.

The launch comes as investors are demanding higher yields amid heated competition for corporate and government funding.

“The previous market regime rewarded investors for assuming that capital would remain cheap and plentiful,” Saxo chief investment strategist Charu Chanana said in a Tuesday client note. “The emerging regime may reward investors for recognising that capital has a price again.”

The new fund is available to qualified investors, with Securitize providing the infrastructure to issue and manage tokenized shares across the four blockchain networks.

Neuberger will serve as subadvisor to a tokenized fund for the first time. Its fixed-income platform manages more than $230 billion in assets, while the firm manages about $613 billion overall.

Securitize has about $4.96 billion in distributed asset value across 26 tokenized real-world assets, according to RWA.xyz data. Its products include BlackRock’s $2.7 billion BUIDL fund, a $355 million tokenized AAA CLO fund and a $95 million Apollo diversified credit fund.

The company’s shares rose around 5% in Tuesday morning trading, giving the company a market capitalization of about $838 million. Despite the gain, the stock remains down more than 50% from levels reached shortly after its public debut in July.

Securitize’s distributed asset value. Source: RWA.xyz

Magazine: ‘Fabricated rumors’ about BitMart founder, Binance bStocks dominate: Asia Express

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Solana (SOL) is up by 0.98% today, August 18, to trade at $76 at the time of writing, while trading volumes have also surged by 25% to $$1.38 billion. The rising price and volumes come as Cathie Wood’s ARK Invest increases exposure to the 3iQ Solana staking ETF despite fizzling demand for spot Solana ETFs.

Cathie Wood Scoops 3iQ SOL Staking ETF Shares
Data from the ARK Invest tracker shows that Cathie Wood purchased 7,115 shares of the 3iQ Solana staking ETF on August 17.

The fund manager purchased 3,830 SOL ETF shares through the ARK Next Generation Internet ETF (ARKW) and then purchased an additional 3,285 shares through the ARK Blockchain & Fintech Innovation ETF (ARKF).

The purchases come amid weakening demand for Solana ETFs. Data from SoSoValue shows that SOL ETFs have not recorded any inflows since August 12, mirroring the trend across the broader crypto ETF market.

Solana ETF Flows
However, Solana ETFs had the highest weekly inflows of $10.26 million in the week between August 10 and August 14, as earlier reported by CoinGape.

Solana Price Prediction as Cup and Handle Pattern Appears
The price of Solana is trading within a cup and handle pattern on the one-day chart. This pattern usually suggests that the long-term Solana outlook is bullish as long as the price can move above the resistance at $76.

If Solana closes above the resistance at $76, the price could gain by 8.9% and reach $83. The RSI reading of 53 suggests that the momentum is still leaning bullish, and this could support the upward move.

However, Solana has not closed above this obstacle at $76 since July 20. This suggests that sellers are likely dumping tokens when the price nears this resistance at $76.

Solana DeFi Activity
If the breakout above $76 fails again, Solana price could drop to the lower Bollinger band of $72 to find support before attempting another upward move.

Solana Network Activity Falls
Data from DeFiLlama shows that the Total Value Locked (TVL) on the Solana blockchain has dropped from $8.19 billion to $4.85 billion at the time of writing.

The TVL in terms of SOL value has also declined from 75 million SOL on June 7 to 63.84 million SOL at the time of writing, suggesting that network users have withdrawn 12 million SOL from various DeFi protocols that are available on Solana.

Solana DeFi Activity
The total market cap of stablecoins on Solana has also dropped from $16.4 billion on July 25 to $15.3 billion, which also suggests that network usage is falling.

However, this drop mirrors the trend across the broader DeFi space, where the TVL across all blockchains has dropped from $114 billion to $75 billion at the time of writing.

11h35 ▪ 7 min read ▪ by Luc Jose A.

Summarize this article with:

Rarity could soon no longer be the exclusive domain of bitcoin. According to projections published by Grayscale, the annual growth of Ethereum and Solana supply could fall below gold’s 1.8% by 2031. Indeed, several reforms are currently being debated, including EIP-8361 on Ethereum and SIMD-0550 and SIMD-0553 on Solana. If adopted, ETH’s annual inflation could drop to 0.4%, compared to 1.1% for SOL. This development is likely to reshuffle the cards between rarity, staking yield, and valuation of these two cryptos.

In brief According to a Grayscale study, new technical proposals could reduce Ethereum’s annual inflation to 0.4% and Solana’s to 1.1%, making them rarer than physical gold. The EIP-8361 proposal plans to burn an increasing share of validator rewards as staking increases, bringing ETH issuance back to Bitcoin’s level. By doubling the emission reduction rate via the SIMD-0550 proposal, Solana considerably accelerates its path to a tightly capped supply. Although this tightening reduces direct returns paid to stakers and ETFs, the increased rarity could support token prices and transform these altcoins into leading stores of value. The overhaul of Ethereum’s emission model by EIP-8361 On August 4th, six researchers from the ecosystem, including Justin Drake of the Ethereum Foundation, formally submitted proposal EIP-8361, entitled “Tapered Issuance Burn”. This text aims to fix what the authors call artificial overissuance in the current economic model of the network. Today, validators can still claim a staking yield close to 1.5% per year, even in a scenario where almost all ETH tokens would be locked in the protocol.

According to the diagnosis made by the researchers, this ceiling maintains excessive monetary creation without this corresponding to a real need for operational security. EIP-8361 thus introduces a dynamic mechanism designed to burn an increasingly large share of rewards as the ratio of staked ETH increases, planning a transition over 18 months to burn all rewards once about 60.25 million ETH, or half of the total supply, will be staked.

According to the quantitative models integrated in the proposal and analyzed by Grayscale, Ethereum’s annual issuance would peak around 0.5% at a staking level of 20%, before starting a downward trajectory towards zero as the network approaches the 50% plateau. In its central scenario projected for 2031, the asset manager estimates that ETH’s annual inflation would fall to about 0.4%, thus matching the emission rate anticipated for bitcoin over the same period.

This structural change does not go unnoticed by the institutional financial sector. Grayscale also recalls that its own ETHE spot fund began earlier this year distributing staking yields to its shareholders, constituting the first crypto spot exchange-traded product (ETP) in the United States to implement such a mechanism.

Several fundamental numerical indicators summarize the technical and financial impact of this update for the Ethereum network :

60.25 million ETH : the staking threshold from which 100% of the emission dedicated to rewards will be burned after the 18-month transition ; 0.4% : the theoretical annual inflation rate of ETH supply projected by Grayscale by 2031, equaling that of bitcoin ; 0.5% : the peak that the annual issuance would barely exceed when the network’s staking rate is around 20%. Solana: accelerating supply reduction via SIMD-0550 and SIMD-0553 On its side, Solana follows a separate disinflationary trajectory, centered on improvement documents SIMD-0550 and SIMD-0553. Currently set at about 3.695% per year, this crypto’s inflation rate follows an initial schedule predicting a 15% reduction per year until reaching a long-term floor set at 1.5%. The SIMD-0550 project proposes to accelerate this process by doubling the annual reduction rate, compressing several years of gradual monetary adjustment into a much shorter time frame.

In parallel, the SIMD-0553 proposal modifies transaction fee management to increase the proportion of SOL permanently destroyed, preventing these cryptos from being re-injected to validators. However, Grayscale’s analysis shows that the additional amount of SOL burned via SIMD-0553 remains modest compared to the daily issuance volume under current network conditions, confirming that SIMD-0550 is the real driver of the projected drop to 1.1% by 2031.

This dual technical initiative does not enjoy a fully homogeneous consensus regarding its time feasibility. As Grayscale’s research note explicitly points out, these emission trajectories rely on strict assumptions of immediate implementation without alteration of other operational parameters, a condition considered unlikely to be realized exactly as such in reality.

The political and community dimension plays a key role here. In a recent intervention, Zach Pandl, Grayscale’s research director, qualified the comparative progress of the two networks. He then stated: “Solana’s plan enjoys broader community support and has better chances of being implemented than its Ethereum equivalent”. This divergence in the degree of buy-in from key players proves decisive for investors seeking to incorporate this future rarity in their valuation models.

The economic trade-offs of enhanced rarity The evolution of these emission models places community governance at the heart of the strategic choices of each crypto ecosystem. Although mathematical models anticipate a marked compression of token creation, moving from proposal to effective implementation requires the buy-in of the majority of validation actors.

The difference in support highlighted by Grayscale between Ethereum and Solana illustrates how political and economic considerations influence the adoption of technical updates. On the market side, establishing rarity greater than that of gold marks a stage in the structuring of major altcoins as mature financial assets, capable of competing with traditional safe havens against global inflationary pressures.

Economically, the shift toward algorithmic enhanced rarity imposes a complex trade-off between the unit value of the asset and the gross yield perceived by network participants. By reducing the pace of new token issuance, these reforms de facto decrease nominal income paid to validators and holders of staked crypto ETF shares.

Zach Pandl notes, however, that a smaller circulating supply could support token prices in the market, thus offsetting the mechanical decrease in staking yields. The final equation will depend on the ecosystems’ ability to maintain the security of their consensus while convincing staking actors to accept lower direct rewards in exchange for a theoretically rarer and more robust underlying asset against traditional monetary pressures.

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Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

Bitwise Asset Management has entered into a partnership with Superstate, a fintech specializing in bringing securities onto blockchain platforms, to investigate the possibility of allowing investors to hold shares of select Bitwise funds in tokenized form.

The crypto-focused asset manager indicated that its Bitwise Solana Staking ETF, trading under the ticker BSOL on the NYSE, is expected to serve as the initial candidate for this feature.

Under the structure the two firms are building, the core characteristics of the shares would remain unchanged.

Investors would continue buying the same fund shares through existing brokerage and purchase channels and would retain identical economic, voting, and other rights.

The sole difference would lie in the method of recording ownership.

Holders could opt to keep shares in the conventional book-entry format handled by The Depository Trust Company or switch to a tokenized version recorded on a blockchain and administered through Superstate’s transfer-agency systems.

Tokenized holdings would not be freely transferable outside that designated recordkeeping environment.

Bitwise emphasized that any rollout of the tokenized option depends on meeting all relevant legal and regulatory standards.

The firm explicitly noted that there is no guarantee the feature will become available for BSOL or for any other products in its lineup, nor is there a confirmed timeline.

The initiative reflects broader industry interest in blending traditional fund structures with blockchain-based ownership records.

Superstate provides platforms such as FundOS that support asset managers in creating compliant on-chain fund offerings, including issuance, recordkeeping, and connections to digital markets via its SEC-registered transfer-agency infrastructure.

Bitwise, which oversees roughly $9 billion in client assets across more than 70 investment products, already has experience working with Superstate on other vehicles.

BSOL itself is a relatively recent addition to the US market.

Launched in late 2025, the exchange-traded product seeks to track the value of Solana held by the trust while generating additional Solana through staking.

The fund aims to stake essentially all of its holdings via Bitwise’s own on-chain solutions, powered by infrastructure partner Helius, with the goal of capturing network rewards that historically have averaged around 7 percent.

Those rewards are reinvested rather than distributed as cash, allowing them to compound within the fund’s net asset value.

By exploring a tokenized share class for BSOL, Bitwise is testing whether blockchain recordkeeping can offer investors greater flexibility without altering the fundamental regulated nature of the product.

Tokenized shares would still represent the same class of beneficial interest and would not create a separate security or synthetic instrument.

Market participatns now generally view the move as part of a larger trend in which traditional asset managers experiment with on-chain representations of familiar investment vehicles.

Success would depend on regulatory clarity, operational readiness, and investor demand for the dual-holding option. For now, the partnership signals Bitwise’s intent to remain at the forefront of product innovation in the digital-asset space while carefully navigating compliance requirements.

Altcoins

15 August 2026 | 10:43 Solana's month-long price compression could be close to resolving while its community debates how quickly SOL supply should expand.

Key Takeaways SOL has entered the narrow end of a descending price structure after reclaiming Fibonacci support. Two proposed changes would reduce new issuance and make token burning more dependent on network activity. The wider thesis depends on demand from both buyers and Solana users; slower supply growth alone is not enough. Lower Highs Have Pushed SOL Into a Tight Range SOL traded near $75 on August 15, less than 1% above the 0.382 Fibonacci retracement near $74.5. Directly overhead, the descending blue trendline meets the 50-day SMA near $75.9, with the 100-day SMA at $77. Less than $2.50 separates support from the top of that resistance band.

Solana daily price chart testing support near the 0.382 Fibonacci retracement level. The other side of the structure has held near $71.8. SOL returned to that area around the end of July and again in early August, but sellers could not force a sustained break beneath it.

Buyers then reclaimed Fibonacci support and pushed the price back into the $76 area. The rebound stopped below the descending trendline, and the candles narrowed as support and resistance moved closer together.

A daily close above the full resistance band would open room toward the 0.5 Fibonacci retracement close to $79. The next cluster sits higher, between the 200-day SMA at $82 and the 0.618 Fibonacci level near $83.5.

A close below Fibonacci support would erase the latest reclaim and expose the horizontal triangle base again. If that floor fails, the 0.236 Fibonacci level at $69 becomes the nearest marked support.

Recent candles have crossed nearby levels intraday and closed back inside the range, so confirmation still depends on the daily close and successful retest.

Lower Inflation Would Shift More Weight to Network Demand Grayscale Head of Research Zach Pandl estimates that SOL’s annual supply inflation could fall to roughly 1.1% by the end of 2031 if the changes under discussion are adopted.

His estimate rests on two mechanisms examined in our analysis of Solana’s proposals to slow SOL supply growth.

Two Proposals Target Different Parts of SOL Supply SIMD-0550 would reduce new issuance. It would increase the annual reduction in Solana’s inflation rate from 15% to 30%, resulting in an estimated 18.9 million fewer SOL being created over six years. The network would reach its 1.5% issuance floor in the first half of 2029 instead of 2032. SIMD-0553 would increase fee burning. It proposes a resource-based fee that would be burned in full. At its terminal modeled rate, the system could destroy between 7,500 and 9,000 SOL per day if activity resembles the May 2026 sample used by its authors. Together, the changes would move SOL’s economics away from issuance and closer to usage. Fewer tokens would be distributed through inflation, while heavier demand for network resources could produce a larger burn.

Why Slower Supply Growth Is Not Automatically Bullish Issuance would still exceed burns. The proposal estimates that roughly 60,000 SOL currently enters circulation each day, far above even the projected terminal burn. The likely result is slower supply growth, not an immediately shrinking supply. The burn depends on activity. Fewer transactions would mean fewer tokens destroyed, while resource-based fees that become too costly could discourage some network use. Staking rewards would fall. Unstaked holders would face less dilution, but stakers and validators would receive fewer newly issued tokens. Their outcome would depend on SOL’s price and on whether fees and MEV replace enough of the lost reward income. Pandl’s price argument is therefore conditional: lower supply growth may help if demand holds.

How the Supply Thesis Connects to the Current Squeeze The two stories operate on different timelines. The chart will determine whether the current recovery can continue, while the proposals – if approved – would shape how quickly SOL dilution falls in the years ahead.

Lower issuance could improve SOL’s supply profile, but only sustained network activity can generate meaningful burns and compensate for lower staking rewards. For now, the chart is testing buying demand; the tokenomics debate is testing whether Solana can rely less on inflation without weakening participation.

Disclaimer: Fibonacci levels, moving averages and trendlines are based on SOL’s daily chart and can shift as new price data develops. The tokenomics figures are projections based on proposals that have not been implemented. Nothing in this article constitutes financial or investment advice. Author

Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.

Solana Company has reported a $30.3 million second-quarter loss despite earning $2.5 million in revenue, almost entirely from staking its SOL holdings.

Summary

Revenue increased from $43,000 a year earlier but fell from $3.6 million in Q1. Solana Company earned 31,200 SOL in rewards and automatically restaked the tokens. A $25.4 million realized loss on digital assets weighed heavily on quarterly results. Cash fell to $3.6 million as total assets declined to $176.1 million. Solana Company said in its Aug. 14 financial release that staking contributed $2.512 million of its $2.526 million quarterly revenue, while other operations generated only $14,000.

Compared with the same quarter of 2025, when revenue reached $43,000, the Nasdaq-listed company recorded a sharp increase after building a large Solana treasury. Revenue still declined about 30% from the $3.6 million reported in the first quarter, based on its first-half figures.

During Q2, the company earned 31,200 Solana (SOL) in staking rewards and automatically restaked the tokens. Restaking allowed the holdings to continue earning rewards rather than being sold or moved into cash.

Cost of revenue came to $77,000, leaving a gross profit of $2.4 million and a gross margin of about 97%. High margins from staking were not enough to cover operating expenses and losses tied to the company’s digital assets.

SOL sales drove most of the quarterly loss Operating expenses reached $35.1 million during the quarter, up from $3.3 million a year earlier. Solana Company consequently recorded a $32.7 million operating loss, compared with a $3.3 million loss in Q2 2025.

A realized loss of $25.4 million from digital-asset sales accounted for the largest part of the increase. On the company’s earnings call, management said the loss came from “strategic sales executed as part of our capital allocation program.”

At the same time, the accounts included a $2.4 million unrealized gain on digital assets and receivables. Solana Company also booked a $298,000 unrealized loss on a digital-asset fund investment and a $682,000 loss on digital-asset derivatives.

Administrative expenses increased to $11.1 million from $3.3 million in the year-earlier quarter. Approximately $6.8 million came from severance costs connected to the divestiture of the PoNS medical-device business, leaving roughly $4.3 million in other administrative spending.

The company completed the sale of PoNS during Q2 as it moved away from its former medical-device operations. Solana Company recorded a $3.1 million gain from the transaction, which partly reduced the effect of its operating loss.

Nonoperating income totaled $2.4 million after including the gain from the sale, a $322,000 change in the value of a derivative liability, and $259,000 in other expenses. Most of the latter amount came from fluctuations between the Canadian and U.S. dollars.

After accounting for those items, the company posted a net loss of $30.3 million, or $0.38 per basic and diluted share. A year earlier, its loss stood at $9.8 million, or $79.73 per share, although changes in the number of outstanding shares make the per-share figures difficult to compare directly.

Solana Company’s first-half loss reached $130.1 million For the first six months of 2026, revenue increased to $6.1 million from $92,000 in the comparable period of 2025. Staking supplied $5.9 million of the total, while other revenue contributed $218,000.

First-half operating expenses rose to $138.2 million, including an $86.8 million unrealized loss on digital assets and receivables. Realized digital-asset losses reached another $32.4 million, while the digital-asset fund investment produced a $2 million unrealized loss.

As a result, Solana Company reported a six-month net loss of $130.1 million, equal to $1.66 per share. Management said on the earnings call that fair-value movements recorded under U.S. accounting rules did not reduce its cash balance or the number of SOL tokens produced through staking.

The company adopted its SOL-focused model in September 2025, when it was still called Helius Medical Technologies. As crypto.news reported, the firm launched the treasury strategy through a $500 million private placement led by Pantera Capital and Summer Capital.

Participants purchased shares at $6.88 each and received warrants exercisable at $10.13. The deal included as much as $750 million in potential proceeds from warrant exercises, although the additional capital depended on investors choosing to exercise them.

By October 2025, the renamed company had grown past 2.2 million SOL, then valued at more than $525 million. The company also reported over $15 million in cash at the time.

Its June 2026 balance sheet showed a much smaller asset base. Total assets fell to $176.1 million from $303.9 million at the end of 2025, while stockholders’ equity declined to $165.6 million from $300.9 million.

Cash and cash equivalents dropped to $3.6 million from $7.3 million. Current digital assets stood at $21 million, with another $2.3 million classified as a digital-asset collateral receivable.

Long-term digital assets and related exposure totaled $147.3 million. According to the company, the figure covered staked positions, restricted assets, receivables, and investments in digital-asset funds.

Nasdaq investors remain exposed to SOL price movements Because HSDT trades on the Nasdaq Capital Market, U.S. investors can obtain indirect SOL exposure through its shares without holding the token directly. The company’s filings also show that its financial position depends heavily on SOL prices, staking returns, and its ability to raise money through stock sales.

During Q2, Solana Company raised $7.9 million in net proceeds from a registered direct stock offering led by Mirae Asset, with HashKey Capital also participating. The company sold approximately 3.08 million shares at $2.60 each and said the proceeds could support SOL purchases, working capital, and corporate expenses.

At the same time, it spent about $2.3 million repurchasing 1.3 million shares. First-half buybacks reached approximately $5.9 million, covering 2.9 million shares held as treasury stock at the end of June.

The company had 60.4 million issued shares on June 30, of which 57.4 million were outstanding after excluding treasury stock. Its accumulated deficit rose to $342.6 million from $212.6 million at the end of 2025.

HSDT closed Aug. 14 at $1.70, down 5.56% during regular trading, according to market data cited by Investing.com. Shares recovered slightly to $1.71 after the closing bell, while the reported revenue total fell about $400,000 short of the $2.9 million analyst estimate cited by the publication.

Validator revenue could begin in the third quarter Apart from staking its own treasury, Solana Company is building infrastructure intended to earn revenue from third-party assets. Its first institutional validator cluster became operational in Tokyo under an initiative called Pacific Backbone.

Chief Executive Joseph Chee said the company’s recurring businesses were starting to develop as the Tokyo operation came online and PoNS left its cost base.

“With our first validator cluster operational in Tokyo, and the legacy business fully divested, the recurring revenue streams that leverage our institutional-grade infrastructure are beginning to take root,” Chee said.

Management expects the Tokyo cluster to begin contributing validator-related revenue in the third quarter. In July, the operation secured its first third-party staking commitment of approximately 500,000 SOL, according to comments made during the earnings call.

Solana Company previously added Helius and Twinstake to its staking setup, allowing it to stake SOL directly from custody at Anchorage Digital Bank. At the time of the October 2025 announcement, Helius and Twinstake ranked among the Solana network’s 25 largest validators by delegated SOL.

Under Pacific Backbone, the company also entered a May partnership with the Jito Foundation to develop institutional Solana infrastructure across the Asia-Pacific region. Management said it expects administrative expenses to return closer to first-quarter levels as the severance costs from the PoNS sale fall out of its accounts.

After the quarter ended, Solana Company completed a $2 million acquisition of a Hong Kong trust company on July 15. The transaction will be included in its third-quarter financial statements.

P2P.org has integrated its staking infrastructure with Arkis, allowing institutional clients to use staked Solana and Avalanche assets as collateral while continuing to earn protocol rewards.

Summary

Arkis clients can use staked Solana and Avalanche positions as collateral for trades. Margin is calculated against the aggregate risk of each client’s Arkis account. Validator downtime and slashing risk will affect how Arkis values the collateral. The integration is live through the Carry Trades section of Arkis Alpha. P2P.org staking enters Arkis collateral system P2P.org said in an Aug. 13 announcement that Arkis clients can now stake supported assets through its validator infrastructure and post the resulting positions as collateral without unstaking them first.

At launch, the integration supports Solana and Avalanche. P2P.org and Arkis did not say when other proof-of-stake networks might be added.

Once deposited, the staked asset and any trades backed by it sit within a single Arkis account. The prime broker calculates margin from the aggregate risk of the account instead of assessing each position separately at the trading venue where it is held.

Clients can therefore borrow against a supported staked position in the same way that they borrow against other collateral accepted by Arkis. According to the announcement, the asset continues generating protocol rewards while it supports the client’s trading positions.

The service is available through Carry Trades in Arkis Alpha. After a client selects a staked asset, the platform displays the strategies that accept it as collateral and provides the stated economics before capital is committed.

P2P.org supplies the non-custodial staking and validator infrastructure, while Arkis handles credit, collateral, and portfolio risk.

“Collateral is only as good as the operator standing behind it,” said Artemiy Parshakov, vice president of strategic solutions at P2P.org.

Parshakov added that staking can no longer be treated as a passive balance-sheet position once an institution borrows against it. According to the executive, P2P.org’s validator operations must meet the standards applied under Arkis’s credit and risk framework.

Arkis prices validator risk into margin Adding staked assets to a margin account introduces risks that do not apply to cash or unstaked tokens. Proof-of-stake networks can penalize validators for conduct such as signing conflicting blocks or failing to meet certain network requirements.

Known as slashing, the penalty can reduce the number of tokens attached to a validator. Extended downtime can also reduce expected rewards, changing the value of a position used to support an open trade.

Arkis said its risk framework considers the quality of the staking operator when determining how the collateral should be treated. Slashing history and validator downtime are therefore assessed as margin inputs rather than excluded from the calculation.

“A growing share of institutional books sits in assets that earn yield, and credit providers have been slow to treat those positions as part of the portfolio they margin,” said Oleksandr Proskurin, chief product officer and co-founder of Arkis.

Proskurin said the integration places staked assets alongside the client’s other positions for margin purposes. Arkis chose P2P.org because the prime broker wanted to assess the operator behind the staked asset as part of its underwriting process, he added.

According to Arkis, the Spark-backed company has deployed more than $250 million in institutional credit since 2022 without recording bad debt. The figure is company-provided and was not independently verified in the announcement.

P2P.org reported that its validators operate across more than 40 proof-of-stake networks and secure over $10 billion in staked assets. The company also claimed that it has not recorded a slashing incident since its establishment in 2018 and serves more than 190 institutional clients.

Staked collateral keeps capital in use Without such an arrangement, a fund may need to unstake an asset before using it as collateral elsewhere. Unstaking can involve a waiting period determined by the blockchain, during which the holder may lose access to trading opportunities or stop receiving some rewards.

The P2P.org integration allows the staked position to remain active while Arkis uses it to support other trades. Any rewards remain determined by the underlying protocol and can vary based on network conditions, the amount staked, validator performance, and protocol rules.

Using an earning asset as collateral does not remove liquidation or slashing risk. A decline in the token’s market price, a change in margin requirements, or a validator penalty could reduce the collateral supporting an open position.

The Arkis arrangement differs from restaking, in which an already-staked asset is used to secure additional blockchain services. As an August staking explainer detailed, restaking can expose an asset to several sets of slashing conditions when it secures multiple protocols.

Under the announced Arkis structure, the supported staked position serves as financial collateral within a prime brokerage account. The companies did not state that Solana or Avalanche assets would be restaked to secure another network.

P2P.org has used similar integrations to place its staking services inside existing institutional systems. In June, crypto.news reported that Taurus had integrated P2P.org validators with Taurus-PROTECT, allowing financial institutions to stake while retaining custody and control of their assets.

An earlier collaboration added P2P.org to Northstake’s ETH validator marketplace in January 2025. The companies said the marketplace was designed to provide regulated institutions with access to Ethereum validator infrastructure.

U.S. guidance covers some staking arrangements For U.S. institutions, a May 2025 staff statement from the Securities and Exchange Commission’s Division of Corporation Finance addressed certain forms of protocol staking carried out directly or through a third-party operator.

The SEC staff statement said the protocol staking activities described in its analysis did not involve the offer and sale of securities. Its position covered some non-custodial arrangements in which token owners retain ownership and control of their assets and private keys while assigning validation rights to a node operator.

The division said its view depended on the specific facts and circumstances. Services that include additional business arrangements or depart from the activities described in the statement may require a separate legal assessment.

P2P.org describes its staking infrastructure as non-custodial, but neither company announced specific access for U.S. institutions or said that the Arkis integration had been assessed under U.S. securities law. The release also did not disclose whether geographic restrictions apply to Arkis Alpha.

In May 2025, the Office of the Comptroller of the Currency confirmed that national banks and federal savings associations may outsource permissible crypto activities to third parties when they maintain appropriate third-party risk controls. The OCC guidance addressed custody and transaction execution but did not approve P2P.org, Arkis, or the use of staked assets as trading collateral.

P2P.org separately announced an Aug. 11 partnership with BoulderTech to distribute staking and decentralized finance services in Argentina, Brazil, and Mexico. BoulderTech will connect the validator operator with regional exchanges, custodians, banks, asset managers, and funds, while both companies assess whether to deploy validator infrastructure at IRSA-backed facilities in Argentina.

20h35 ▪
6
min read ▪ by
Luc Jose A.

Summarize this article with:

XRP has just lost a level it had defended since late 2024. Briefly falling below $1, Ripple’s token now shows more than a 5% drop over one month, unlike Bitcoin, Ethereum, and Solana. Yet behind this weakness lies a paradox: long-term investors are massively accumulating, while derivatives markets intensify selling pressure and flows to ETFs have sharply dried up. Two opposing forces now clash around XRP, and their duel could determine the token’s next move.

In Brief

XRP suffers a drop of more than 5% over one month and slips below $1, against the modest gains of Bitcoin, Ethereum, and Solana.
The cohort of wallets holding at least 1 million XRP has grown by 32 in three months, taking advantage of the drop to accumulate.
XRP deposit addresses on Binance have dropped by 96%, confirming investors’ intention to keep their tokens out of selling circuits.
Net flows on XRP spot ETFs have fallen to zero over the last four sessions, totaling only one million dollars in the first twelve days of August.

The silent accumulation of major investors and the drying up of deposits
Despite a continuously falling double-digit market capitalization over recent weeks, on-chain indicators attest to massive accumulation by the biggest holders in the market. According to analysts at Santiment, 32 new wallets have been added to the number of addresses holding at least one million XRP during the last three months. Thus, these gradual acquisitions methodically absorb the coordinated bearish pressure from retail investors.

Santiment’s team of experts views such dynamics as a long-term conviction strategy. They state: “when the number of wallets holding at least one million XRP increases while market capitalization decreases, it means the strong hands absorb the panic. Patience takes precedence over mere speculative enthusiasm related to price, and the prospects of future volatility become all the more attractive for buyers.” Additionally, there is a quantitative increase in daily interactions due to user behavior on the network. Active addresses rose from 26,400 in July to 35,700 in August. August 11th saw a peak in activity, unmatched since June 5th.

The current state of centralized exchanges shows tokens locked outside immediate selling circuits. Data published by CryptoOnchain reveals a considerable drop of 96% compared to monthly and quarterly norms. Meanwhile, inflow and outflow volumes have respectively fallen by 79% and 85% relative to their 90-day moving averages. Moreover, for CryptoOnchain’s analyst, this trend reflects strict retention of XRP coins: “The network records strong activity, but tokens are not transferred to exchanges to be sold.” In this context, the majority of long-term XRP holders, far from succumbing to general panic, deliberately chose to isolate their positions off-exchange despite the price correction.

Such resilience by the network’s historical holders is reflected through various accumulation metrics :

Growth in the number of whales : wallets holding at least one million XRP have increased by 32 over the last three months, amidst falling prices ;
Collapse of deposit activity on Binance : a 96% drop in XRP deposit addresses compared to usual averages, alongside a decline in inflows (-79%) and outflows (-85%) ;
Steady increase in network usage : daily active addresses rose to an average of 35,700 in August (up from 26,400 in July), peaking on August 11.

Stagnant adoption under selling pressure from derivatives
Despite the strength of activity from historical wallets, this does not demonstrate an ecosystem growth nor buying momentum on futures markets. In this perspective, Santiment nuances the overall picture. The analytics platform indicates that new address creation is stubbornly stagnant at 2,260 per day currently, compared to 2,270 in July. Analysts state: “presenting the situation as growing user activity is only half true. The existing user base is simply conducting more transactions, but the overall number of wallets is not increasing.”

Without new dynamism in the network, short-term speculation would continue to influence prices. Regarding the derivatives market on the Binance exchange, selling pressure is firmly established. The taker buy/sell ratio plunged to 0.86, its lowest value since May. Analyst Arab Chain highlights the significance of this figure: “a value below 1 indicates that the volume of sell orders executed by traders exceeds buy orders, thus reflecting clear selling pressure from market participants operating directly on the market.”

A Cumulative Volume Delta (CVD) confirms this clear dominance of sellers. The indicator remains in the red around –4.15 million, despite maintaining a 0.84 correlation with price. Arab Chain draws this conclusion: “despite strong CVD-price correlation, the CVD value remains anchored in negative territory. This shows market flows strongly favor selling, proving buying activity is insufficient to shift net flow balance into positive territory.” Therefore, short-term sellers continue setting the pace against buyers unable to reverse the trend in order books.

The scarcity of flows on XRP ETFs
Institutional investors are also slowing down. Data from SoSoValue shows that XRP ETFs have recorded a zero net balance over the last four sessions. Such a steep decline was spectacular in the week ending August 7.

Indeed, these products, after accumulating $14.86 million the previous week, attracted only $1.01 million, a colossal drop of 93%. Thus, over the last twelve days of this August, cumulative inflows barely exceed this mere million dollars, indicating temporary disinterest from professional investors.

Ultimately, the confrontation between whales’ firmness and retail investors’ disinterest in ETFs as well as derivatives places XRP in a precarious balance. The absence of new users contributes to limiting the market’s capacity to absorb aggressive selling by short-term traders. A resumption of inflows into ETFs could trigger sustainable bullish dynamics.

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Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019.
Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.