Altitude integrovala virtuální účty MoonPay Enterprise přímo do svého globálního provozního účtu. Treasury týmy tak mohou na jednom rozhraní přijímat fiat, držet stablecoiny a posílat platby na Solaně.
A Unified Account for Fiat and Stablecoins@Altitude has embedded @MoonPay Enterprise virtual accounts directly into its global operating account, giving treasury teams a single interface that spans traditional banking and on-chain settlement on @Solana. The move addresses a persistent pain point for corporate treasurers: the need to maintain separate providers for fiat collection, stablecoin conversion, and cross-border payouts.
Under the arrangement, businesses using Altitude are issued dedicated virtual accounts that sit on familiar banking rails. On the Altitude platform, those settled assets land within a Solana-native treasury environment.
How MoonPay Enterprise Powers the Infrastructure
The Altitude integration extends that consolidation to Solana-based treasury operations.
The integration routes funds through a compliance engine that connects legacy fiat systems directly to stablecoin rails, bypassing the correspondent banking chains that typically slow corporate money movement. For treasury operators on Altitude, that means the ability to receive fiat, hold stablecoins, and execute global payments from one compliant interface, without switching between platforms or managing multiple banking relationships.
The Altitude deal adds another layer to that enterprise push, this time targeting Solana-native businesses managing cross-border treasury flows.
Sources:
MoonPay: MoonPay Enterprise Launch Announcement
PR Newswire: MoonPay Launches Virtual Accounts in New York
The Paypers: MoonPay Enterprise Stablecoin Platform
Useless Coin (USELESS), a Solana-based memecoin that openly markets itself as having no practical utility, surged 22% in the 24 hours leading up to its listing on South Korean exchange Bithumb. The token had already climbed 160% over the prior week and 500% over the past month, underscoring the appetite for speculative assets in the current market cycle.
Bithumb confirmed it would open USELESS trading against the Korean won starting at 14:00 local time, giving the token its first direct fiat on-ramp in one of Asia's largest crypto markets. The announcement was enough to send the token sharply higher before trading even began.
From BONKfun Launch to Major Exchange Listings Useless Coin is a community-driven memecoin launched on the Solana blockchain through the BONKfun platform. Launched in May 2025, its entire premise is to mock the industry's relentless focus on "utility" and complex roadmaps, with a whitepaper that is a 47-page parody document concluding the token is, indeed, useless. The entire supply of 1 billion tokens was launched at once via a launchpad with no team allocation, making all tokens immediately liquid.
The token first entered the broader spotlight through its involvement with the Kraken exchange. The token achieved widespread attention in early 2026 after winning a trading competition hosted by Kraken, with the victory resulting in the Useless Coin logo being featured on the limited-edition jerseys of Atlético de Madrid for a match against FC Barcelona.
A Growing Exchange FootprintThe Bithumb listing adds to an already expanding presence on centralised exchanges. The recent rally for USELESS has followed a series of major exchange listings, with Coinbase, Binance US, and Kraken all listing the token and giving it the kind of exposure most memecoins can only dream of. Its first parabolic rally saw a market cap jump from $4.2 million to $420 million, an impressive feat for a coin that openly brags about doing nothing.
Useless Coin was designed as a satirical critique of utility-driven cryptocurrencies, explicitly embracing its lack of utility and positioning itself as a parody of the crypto industry's focus on complex tokenomics and functional use cases. Whether the Bithumb listing sustains the rally or marks a near-term peak remains to be seen, but the token's trajectory so far has confounded sceptics at every turn.
Sources:
CoinGecko: Useless Coin (USELESS) price, market cap and project overview
Kraken Blog: USELESS is available for trading
CoinMarketCap: What Is Useless Coin (USELESS) and How Does It Work?
Solana zaznamenala za posledních 30 dní čisté přílivy do RWA ve výši 348 milionů USD. Celková hodnota tokenizovaných RWA na síti vzrostla na 720 milionů USD.
TLDR Solana recorded $348 million in net RWA inflows over the past 30 days. Solana’s total tokenized RWA value reached $720 million. The data comes from RWA.xyz, tracking tokenized Treasuries, credit, and other real-world assets. RWA inflows are separate from memecoin trading and speculative volume. The growth suggests Solana’s low fees and speed may be drawing more than retail traders. Solana has recorded $348 million in net real-world asset inflows over the past 30 days. The data comes from RWA.xyz, a platform that tracks tokenized asset activity across blockchains.
The inflows pushed Solana’s total tokenized RWA value to $720 million. This includes products like tokenized Treasuries and credit pools.
Solana is usually known for memecoins, fast trading, and consumer apps. This new data shows a different side of the network’s activity.
What The RWA Inflows Show RWA inflows are not the same as memecoin trading volume. They reflect capital moving into tokenized products tied to real-world assets, not short-term speculation.
These products can include U.S. Treasury instruments, private credit, tokenized funds, and other assets linked to traditional finance. The activity connects blockchain settlement with existing financial markets.
A $720 million RWA total gives Solana a real presence in the tokenization space. It does not place the network at the top of every list, but the pace of recent inflows stands out on its own.
Momentum matters here because institutional-style capital tends to move with more caution than retail trading. Growth in this area can signal rising confidence from issuers and allocators.
Why Speed And Cost Matter Lower transaction fees can make it easier to move tokens, transfer collateral, and settle trades. Fast confirmation times also help when tokenized assets are used inside DeFi platforms.
This gives Solana a practical pitch to RWA issuers. The network can offer liquidity, an active user base, and lower costs than some alternatives.
These features do not guarantee adoption, but they lower the barrier for teams building tokenized products. Issuers weighing where to launch often look at cost and speed as starting points.
The current inflow data does not confirm widespread institutional adoption of Solana. It shows capital movement and rising totals, not confirmation that major institutions have shifted operations to the network.
Solana Price on CoinGecko It also does not guarantee this capital stays in place. If yields, incentives, or market conditions change, some of these inflows could reverse.
The numbers reflect inflows and total value locked at this point in time. They are a snapshot, not a long-term commitment from any single institution or issuer.
Solana’s RWA growth adds a second track to its ecosystem. Retail trading and memecoin activity remain part of the network, alongside this newer tokenized asset activity.
This article draws on RWA.xyz Solana network data and public DeFiLlama Solana metrics.
Spoluzakladatel Solana Labs Anatoly Yakovenko řekl, že změna zdanění stakingových odměn IRS by pro ekosystém Solany znamenala víc než úpravy burn mechanismů, poplatků či inflace. Kritizoval, že odměny jsou daněny jako běžný příjem hned po jejich získání.
Anatoly “Toly” Yakovenko, co-founder of Solana Labs, made a pointed argument on September 7: changing how the IRS taxes block rewards would do more for Solana’s ecosystem than any tweak to the network’s burn mechanisms, transaction fees, or inflation schedule.
The tax problem nobody wants to do math on The core issue traces back to IRS Revenue Ruling 2023-14, which treats staking rewards as ordinary income the moment a validator or delegator gains “dominion” over them. In practical terms, that means if you earn 100 SOL in staking rewards and SOL is trading at $150, you owe income tax on $15,000, even if you never sold a single token.
This creates what tax professionals call “phantom income.” You have a tax bill on gains you haven’t actually realized. If SOL’s price drops 40% before you sell, you still owe taxes based on the higher value at the time you received the rewards.
The burden falls hardest on smaller stakers who may not have the liquidity to cover tax obligations without selling their rewards. That selling pressure, ironically, can push prices down further, creating a cycle that discourages the very participation proof-of-stake networks depend on.
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Legislative momentum, but no finish line In December 2025, Representative Mike Carey and 18 of his congressional colleagues sent a letter to the IRS urging the agency to revise its guidance on staking and mining rewards before the 2026 tax year.
The core of the reform argument is that staking rewards should be treated as newly created property, not income. Under this framework, tokens earned through staking would only become taxable when they’re actually sold.
The Solana Policy Institute has been active on this front as well, filing legal briefs that advocate for realization-based taxation on newly minted tokens.
Despite the bipartisan interest, the IRS hasn’t budged from its 2023 position. Revenue Ruling 2023-14 remains in effect, and no formal rulemaking process has been announced to modify it.
Solana’s tokenomics debate takes a back seat SGP-0002, a governance proposal that doubles Solana’s disinflation rate to 30%, was approved in late August 2026. The proposal accelerates the pace at which new SOL issuance decreases over time, making the token’s supply dynamics more deflationary.
Yakovenko’s framing suggests these efforts are secondary. His reasoning appears to be that enhancing network capacity and reducing latency, paired with favorable tax treatment, would have a compounding effect that dwarfs what protocol-level economic tweaks can achieve alone. He also indicated support for testing burn mechanisms specifically to benefit app developers, but positioned this as a complementary effort rather than the main event.
What’s actually at stake The implications extend well beyond Solana. Every proof-of-stake network in the US ecosystem faces the same tax headwind. Ethereum stakers, Cosmos delegators, and participants across dozens of other networks all contend with the same Revenue Ruling 2023-14 framework.
The 2026 tax year is already underway, meaning any retroactive guidance change would need to come relatively soon to affect current filing obligations. For US stakers across every network, the clock is ticking on a problem that no governance proposal can solve.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana spustila pětistupňové snížení minimálního zůstatku $SOL pro on-chain úložiště, což může uvolnit až 3,06 mil. $SOL k výběru. Nejde o airdrop, ale o vracení přebytku držitelům účtů.
Amid numerous network upgrades, Solana has started a 5-stage reduction in the amount of $SOL users must lock into accounts to cover onchain storage. The reform could eventually make about 3.06M $SOL available for users to reclaim.
Why Everyone Is Calling It a $319M Airdrop At around $100 per $SOL, that represents more than $300M. A price around $104 would put 3.06M $SOL near $319M, which explains the figure circulating online.
However, Solana users should not expect the network to distribute free $SOL. The tokens already belong to account holders. The rent reduction lowers the minimum balance required to maintain accounts, potentially leaving some accounts with excess lamports that users can reclaim. Solana activated the first SIMD-0437 feature gate at epoch 1028 on September 3. The change reduced the lamports-per-byte figure from 6,960 to 6,333, delivering an initial 9% reduction.
Developers will not automatically activate each remaining stage. They will examine state growth at each level before deciding whether to proceed. A separate safeguard, SIMD-0438, can restore the original 6,960 value if state growth creates problems.
The second stage reached testnet on September 3 and cuts the figure to 5,080 lamports per byte. Developers expect mainnet activation in mid-September. The remaining 3 stages target Agave 4.4, which is expected in November.
What “Rent” Actually Means Solana calls the required balance rent, but users do not permanently pay this money as a fee. The balance works as a refundable bond that covers the storage an account occupies across validators.
Solana calculates the minimum balance using:
Minimum balance = (128 + data size) × lamports per byte
SIMD-0437 ultimately reduces the constant from 6,960 to 696, a 90% reduction.
For an SPL token account, the change could reduce the deposit from about $0.159 to $0.0159, assuming similar economics. A business creating 1M token accounts could therefore see its required deposits fall from about $159,000 to $15,900.
How Can You Reclaim the Excess $SOL? If you have $SOL and other Solana ecosystem tokens in your wallet, you are definitely eligible for the claim, depending on the token accounts in your wallet.
You can now recover the difference between your current $SOL rent balance for each token account and the new minimum rent as the rent required reduces, using multiple tools such as Sol-Incinerator’s ‘incinerator’ tool.
The first stage of the rollout, which is currently live on mainnet, has reduced the required rent by about 10% of the 696 lamport target. The remaining 90% will be available to claim as the remaining 4 stages go live.
The reclaim mechanism adds another important part to the story. Solana's Token Program now includes a WithdrawExcessLamports instruction through its May P-token upgrade. The instruction is what enables wallet providers, DeFi apps, and other onchain services to claim the $SOL sitting above the rent-exempt minimum from a token account, mint, or multisig account without closing the account or affecting its token balance.
Another Step in Solana's Upgrade Cycle The Solana network is embodying the popular “Increase Bandwidth, Reduce Latency” maxim as the rent reduction arrives alongside other major Solana changes. SIMD-0525 recently reduced the target slot time from 400ms to 300ms, with 2 further reductions planned before the network reaches the proposed 200ms target.
Meanwhile, Transaction V1 has reached testnet and increases the maximum transaction size from 1,232 bytes to 4,096 bytes. The larger format could accommodate workloads such as ZK proofs, large multisigs, and confidential transfers within a single transaction.
Read More on SolanaFloor Solana Reclaims Memecoin Flows as Stonk.fun Flips Pump, Hyperliquid in Daily Revenue
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The Solana logo appears on the screen of a smartphone in Reno, United States, on December 5, 2024. (Photo by Jaque Silva/NurPhoto via Getty Images)
NurPhoto via Getty Images
“After 500 calls in the past few hours we got all the votes in the last few seconds and passed the disinflation proposal by a literal hair,” Mert Mumtaz, the chief executive of Solana infrastructure company Helius, posted to his 2.2 million followers on Friday, August 28. SOL changed hands at $101.73 on Friday, September 4, down 3.4% on the day.
The validator and data publication Solana Compass posted “SGP-0002: 67.001%. Bar: 66.667%. Margin: 0.334 pts,” as the count closed, with 176.29 million SOL voting for and 66.19 million against. “With 70 min left, it was losing by 58M $SOL. @mert made 500+ calls. Kraken reversed. JitoSOL overrode validators,” the same post said, putting turnout at 60.7% of eligible stake across 1,326 validators.
Lark Davis, a New Zealand-based commentator posted to his 1.5 million followers that Kraken had voted against mid-count “nearly sinking it before flipping at the last minute”, after the exchange moved roughly 8.9 million SOL against the proposal with under three hours left, and swung about 8.1 million back behind it in the final hour. “Less dilution for holders, lower staking rewards for validators. Not everyone’s happy, but the vote is done,” Davis wrote.
Trading Yield, Not Prices
MacBrennan Peet, the founder of Project 0, said on the On The Margin podcast: “when I think about trading, I think primarily about trading yield, not trading prices,”. Describing the delta-neutral yield hunt that sets the price of capital across chains. “So not necessarily taking directional exposure on something going 10x, but seeing a difference in spreads across market and taking advantage of that,” he said.
“Perhaps you want Bitcoin exposure. You’ve chosen that you want to be long Bitcoin. And now that you have the Bitcoin asset, you want to maximize your yield on it,” Peet said of the same hunt one asset over, describing the alternative as fragmented: “multiple fragmented accounts that also have no idea of your risk exposure across different venues.” According to Solana Company’s published figures, SOL holders are now maximizing on 4.34% in year one against 5.84% on the old schedule, 3.00% in year two and 2.25% in year three, assuming 68% of SOL stays staked.
“It’s math. It’s just a hard asset,” said the co-founder of bitcoin custody firm Onramp, Michael Tanguma. Making the case that scarcity is the only durable defense against a shrinking share. “Everyone gets diluted unless they import a harder form of money,” he said, and “now you’ve got to understand that there’s no real choices.”
Reopening The Settled, Deterministic Schedule
The Company’s objection is not to “lower issuance as an end state, but rather to reopening the settled, deterministic schedule,” Solana Company said on August 21, voting against SGP-0002 “on grounds of timing, not intent.” Staking on the Nasdaq-listed treasury vehicle’s own SOL produced $2.512 million of its $2.526 million in revenue in the quarter ended June 30, or 99.4%.
The proposal’s authors, the Helius engineers Lostin and 0xIchigo, who put the saving at about 18.9 million SOL over six years, wrote “41% of validators already opting for a 0% commission on emissions” will barely register the change.
Nothing Changes For Your Stake Today
“Nothing changes for your stake today. SGP-0002 is a governance mandate rather than a live protocol change yet,” wrote Andre Caldeira of the staking provider P2P.org. The cut lands only once SIMD-0550 is “accepted and activated through the normal Solana feature-gate process.”
The platform Nexo told its 279,000 followers on Wednesday that Solana’s validators voted through a “permanent cut to future token issuance,” listing it among the signals that “held up underneath” a soft week. It is the trade other networks have already run, and SOL sits far below the $250 level traders were modeling in the spring.
“SOL $1,000,” Mumtaz wrote to close the victory post, above a line of thanks: “THANK YOU TO EVERYONE WHO WAS OPEN TO CHANGING THEIR MIND”.
Kamino Finance has opened a new borrowing market on Solana that accepts ZEC, the bridged version of Zcash’s native token, as collateral. Users can now post ZEC to borrow USDC, or dial up their exposure using Kamino’s Multiply product, which loops positions to create leverage without requiring a centralized exchange.
How it works and why Kamino built it this way Kamino routes ZEC through cross-chain bridge infrastructure, specifically NEAR Intents and OmniBridge, to bring the asset onto Solana in a form the protocol can price and custody. ZEC first became tradable on Kamino Swap, the protocol’s aggregator, in late October 2025, so this lending launch is a logical next step rather than a sudden pivot.
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The ZEC market sits inside Kamino’s isolated lending architecture, where ZEC collateral risk is contained in its own pool rather than mingling with the protocol’s main liquidity. That structure lets Kamino set custom loan-to-value ratios and liquidation thresholds tuned specifically to ZEC’s volatility profile, without exposing core markets to spillover risk if ZEC experiences a sharp drawdown.
The Multiply feature automates the loop of borrowing USDC, swapping it back into ZEC, and redepositing in a single transaction. The result is amplified ZEC exposure funded by borrowed stablecoins.
Part of a bigger pattern at Kamino The most recent comparable move was the introduction of a PAXG market on or around July 27, 2026. PAXG represents tokenized gold, so Kamino effectively allowed users to borrow USDC against a digital representation of physical gold bars. ZEC follows the same template, just with a privacy-focused cryptocurrency rather than a precious metal.
What this means for ZEC and privacy-asset DeFi Zcash’s shielded transaction capability uses zero-knowledge proofs, but regulatory pressure around privacy coins has kept many centralized venues at arm’s length, and DeFi integration has lagged behind mainstream assets by years.
Kamino’s overall lending platform handles billions in aggregate market size across its various pools, though specific figures for the ZEC market have not yet been disclosed. No expert commentary or specific TVL data has surfaced regarding the ZEC market to date.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
DeFi Development Corp. plánuje nabídnout až 20 milionů USD v preferenčních akciích, aby rozšířila své držby Solana (SOL). Výnos má být použit i na nákupy dalších SOL.
DeFi Development Corp. (NASDAQ: DFDV), the firm that has built its balance sheet around accumulating Solana, has outlined plans for a new preferred-stock raise aimed at expanding that treasury. The company said it intends to offer up to $20 million of Variable Rate Series C Perpetual Preferred Stock, marketed under the nickname CHAD Stock, in a registered public offering.
The securities would carry a $10 stated amount per share and begin with an annual dividend rate of 13 percent, paid on a daily basis when declared.
The first regular payment is scheduled for October 1, 2026. Because the stock is perpetual, it has no maturity date.
The underwriter would also receive a 30-day option to buy an additional 15 percent of the shares. R.F. Lafferty & Co. is serving as sole book-running manager.
Completion remains subject to market conditions, and the company cautioned that size and final terms could still change.
Management said net proceeds would go toward general corporate purposes.
That list includes working capital, purchases of additional SOL, other digital-asset investments, strategic deals, and growth projects.
In other words, the raise is designed to keep DFDV’s core strategy moving: convert newly raised capital into more Solana and related exposures rather than rely solely on common-stock issuance.
At closing, the company plans to set aside a dividend reserve equal to the first 12 months of payments at the initial 13 percent rate, funded with cash, financial instruments, or digital assets.
The timing fits a broader pattern. DFDV has repeatedly used equity programs, convertible notes, and at-the-market facilities to scale its SOL holdings while tracking a metric it calls SOL per share.
Last week it reported that it had resumed buying Solana, adding roughly 19,000 SOL at an average price of about $98.
Earlier communications have described preferred equity as a cleaner form of leverage than convertible debt, because distributions can theoretically be supported by staking yield, validator income, and other on-chain activity rather than by issuing more common shares.
The new variable-rate series is the latest attempt to put that idea into practice.
For investors, the instrument sits between ordinary equity and senior debt.
Holders would rank ahead of common stockholders for dividends and in a liquidation, but the coupon can be adjusted after the first period at the board’s discretion, and payments still depend on legally available funds.
The company has applied to list the shares on Nasdaq under the ticker CHAD.
Whether a liquid market develops after listing is another open question.
The proposal also reflects how digital-asset treasury companies have evolved.
Instead of treating crypto simply as an unproductive reserve, DFDV presents Solana as an asset that can appreciate and generate yield. Preferred stock, in that framing, becomes a way to add leverage without the forced-sale risk of margin loans.
Critics will note the usual caveats: SOL prices remain volatile, dividend coverage is not guaranteed, and any new senior claim sits ahead of existing common shareholders.
Still, the announcement is consistent with DFDV’s stated goal of compounding Solana exposure per share over a multi-year horizon. If the offering closes near the proposed size, it would give the company another modest but targeted pool of capital to deploy into the same asset that already dominates its treasury.
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Podíl Solany na globálním objemu tokenizovaných akcií spadl během dvou týdnů z 71 % na 30 %. Kapitál odtáhly memecoinové páry na BNB Chain a Robinhood Chain.
Solana went from controlling nearly three-quarters of on-chain tokenized equity trading to holding less than a third. The culprit? Memecoins dressed up in stock-market clothing on competing chains.
Over a two-week stretch ending around August 27, 2026, Solana’s daily share of global tokenized stock volume collapsed from 71% to 30%, according to Blockworks. The decline wasn’t driven by anything breaking on Solana itself. Instead, rival EVM-compatible chains, specifically BNB Chain and a new Robinhood-branded chain, introduced hybrid trading mechanics that paired memecoins with tokenized real-world assets, pulling speculative capital away from Solana at a remarkable clip.
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How meme/stock pairings rewired the market Rather than simply listing tokenized versions of stocks the way Solana’s xStocks protocol does, BNB Chain and Robinhood Chain created trading pairs that bundle a memecoin with a tokenized equity. On BNB Chain, a meme/stock pair called $牛来 reached a peak market cap of $77 million. On Robinhood Chain, a pair branded $AI hit $67 million.
The design also forces users to bridge assets onto the host chain in order to participate. That bridging activity inflates transaction volumes, which in turn makes the chains look more active, which attracts more traders.
The contrast with Solana’s earlier dominance is stark. During Q2 2026, and particularly around a wave of SpaceX-related tokenized equity activity in June, Solana captured between 95% and 97% of all on-chain tokenized equity spot trading volume.
Solana’s absolute numbers tell a different story The network has processed over $9.5 billion in cumulative tokenized stock volume since the xStocks protocol launched in July 2025. It has 288,000 unique holders. And it has generated $56 million in equity-backed lending pools as of late August 2026.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Circle během 24 hodin na Solaně mintoval USDC za 3 miliardy USD, jeden z největších jednodenních mintů na této síti. V srpnu 2026 na Solaně proběhlo zhruba 11 miliard USD hrubých mintů USDC.
Circle just printed $3 billion worth of USDC on the Solana blockchain in a single 24-hour window.
The mint is one of the largest single-day USDC issuances on Solana to date, but it’s far from an isolated event. It fits neatly into a pattern that’s been building throughout 2026, one that tells a clear story about where institutional capital wants to park its stablecoin liquidity.
Solana’s stablecoin surge by the numbers This $3 billion mint didn’t materialize out of thin air. Circle has been systematically ramping up USDC issuance on Solana all year, often in $250 million tranches that on-chain tracking services like Whale Alert and Lookonchain have documented in real time.
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In August 2026 alone, approximately $11 billion in gross USDC mints occurred on Solana. By late August, the total USDC circulating supply on Solana crossed the $8 billion mark, representing more than 10% of the global USDC supply for the first time.
Circle minted $500 million on June 8 across two $250 million tranches. Mid-June saw a $1 billion single-day mint. On June 29, a $910 million issuance on Solana was paired with a $250 million burn on Ethereum. By mid-July, gross issuance on Solana had reached somewhere between $64 billion and $68 billion. Early September brought another $1.25 billion minted over just three days.
The institutional pipeline BNY Mellon expanded its collaboration with Circle in June 2026 to facilitate institutional minting and custody of USDC directly on Solana. The partnership lowers friction for large institutions that want exposure to Solana’s DeFi ecosystem without navigating the technical complexity of bridging from Ethereum.
It’s worth noting that gross issuance figures don’t equal net supply growth. Redemptions and burns happen constantly, which is why the circulating supply on Solana sits at $8 billion-plus rather than the tens of billions suggested by cumulative mint totals.
What the Ethereum-to-Solana shift means The June 29 event, where Circle minted $910 million on Solana while simultaneously burning $250 million on Ethereum, is perhaps the most telling data point of the year. Ethereum still holds the lion’s share of USDC supply, but Solana is gaining ground. Solana offers lower transaction fees and faster finality, which matters enormously when you’re settling hundreds of millions of dollars in stablecoin transactions daily.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana se obchoduje kolem 106,50 USD a za posledních 24 hodin přidala 3,1 %. Na mainnet míří upgrade Transaction V1, který zvětší maximální velikost transakce z 1 232 na 4 096 bajtů.
Solana, a major smart contract blockchain known for high throughput, is trading at approximately $106.50 after gaining 3.1% in the past 24 hours. This price recovery moves Solana close to the recent resistance area around $110, following a bounce from lows recorded in August near $75 to $80.
Transaction V1 prepares for mainnet launchSolana is set to introduce its Transaction V1 upgrade on September 9. This upgrade increases the maximum transaction size from 1,232 to 4,096 bytes, allowing developers to process more complex cryptographic operations such as zero-knowledge proofs and larger multisignature transactions within a single transaction.
Transaction V1 will allow 3.3 times more transaction space and can accommodate sophisticated functionalities like ZK proofs, BLS signatures, lengthy multisig processes, and confidential transfers, according to official Solana Foundation guidance.
The Solana Foundation, the organization supporting Solana’s ecosystem, explained that legacy and version 0 transaction formats will remain valid. Developers may select the V1 format only when their applications require larger transactions.
Address lookup tables are omitted from the new V1 format since up to 64 accounts can now be included directly within a transaction. The earlier formats retain their current approach for compatibility.
Testnet activation for Transaction V1 began on September 1 to help developers test and ensure system compatibility. Infrastructure providers are also updating their tools to handle the new transaction type efficiently.
Solana’s RPC clients, indexers, and pipeline applications must recognize and correctly process V1 transactions to prevent errors. Service providers like QuickNode have indicated that projects may require updated SDKs.
Mini dictionary: Zero-knowledge proofs (ZK proofs), a type of cryptographic protocol, enable verification of a statement’s validity without revealing the underlying data. This enhances privacy and scalability in blockchain applications.
Liquidity clusters and technical levelsCurrent technical data highlights two major liquidity concentrations above Solana’s market price. The nearest liquidity band is observed between $115 and $120, just above the recent $110 resistance. Should the price continue rising, reaching this cluster could trigger further volatility or possible reversals.
Liquidity ZonePrice RangeSignificanceNearest Cluster$115 – $120First major overhead liquidity, near recent resistanceLarger Pool$145 – $150Major upside cluster, prior resistance levelKey Support$90.46 – $94.83Main support zone for current structureA more significant liquidity cluster remains further overhead between $145 and $150. This region previously acted as a resistance, suggesting that any move into this area would likely encounter selling or increased volatility.
The liquidation heatmap shows where leveraged positions have built up, with major clusters currently located between $115 to $120 and in the $145 to $150 range. While such clusters do not guarantee price movement, they do outline potential zones for large market reactions.
Wave analysis and support levelsMarket analyst More Crypto Online described Solana as currently trading within a corrective wave 4 structure. Recent price movements exhibit overlapping three-wave patterns after rejecting from the $110 zone.
According to the analyst, the ongoing bounce could carry Solana above its September 3 high, acting as a B-wave, before another C-wave drop completes the correction. The crucial support area remains between $90.46 and $94.83. Sustaining this level is considered essential for a potential fifth wave upward once the correction finishes. A drop below $90.46 might lead to a deeper decline, invalidating the bullish configuration.
Raydium LaunchLab nově podporuje jakýkoli tokenový pár na Solaně a první integrací je StonkFun od LaunchOnSF. Tvůrci si mohou zvolit quote token, což má přinést větší flexibilitu a nižší poplatky.
Raydium has expanded LaunchLab to support trading between any token pair, with LaunchOnSF’s StonkFun becoming the first integration to use the new system on Solana.
Summary
Raydium LaunchLab now allows newly launched tokens to be paired with any supported quote token on the platform. StonkFun has become the first integration to use the new model after changes to Raydium programs, aggregators and trading terminals. StonkFun said deployment costs have fallen to 0.03 SOL from 0.29 SOL, while liquidity fees can be directed back into liquidity. The upgrade expands LaunchLab more than a year after Raydium introduced the platform following Pump.fun’s move to its own PumpSwap exchange. According to Raydium’s Sept. 7 announcement on X, LaunchLab can now pair a newly launched token with any quote token supported through Raydium, removing the fixed pairing structure used by many token launch platforms. Raydium said the upgrade brings more flexible token pairing, deeper liquidity and lower fees for memecoin trading.
LaunchLab now supports any token pair on Raydium.
The upgrade brings flexible pairing directly to Solana, with deeper liquidity, lower fees, and stronger meme-native trading.@LaunchOnSF is the first integration partner to bring the model live on LaunchLab. pic.twitter.com/c3NFuYCRWI
— Raydium (@Raydium) September 6, 2026 LaunchOnSF confirmed that its StonkFun platform is the first integration partner to bring the feature live. Its team spent the previous week preparing the integration, which required changes across Raydium’s programs, trading terminals and aggregators before custom quote tokens could be supported.
Raydium LaunchLab now supports custom token pairs Under the new system, creators can select the quote token used for a LaunchLab deployment, allowing communities to build markets around assets other than the standard quote tokens commonly used for new Solana launches.
Raydium described the feature as the ability to launch “any token, paired with any quote token.” LaunchOnSF said Raydium updated its programs to accommodate custom quote and reward tokens, while aggregators and trading terminals needed to support routing for the resulting pairs.
The integration covers permissionless deployments, bonding curves and constant product market maker pools. LaunchOnSF said deployment costs through StonkFun have been reduced to 0.03 SOL from 0.29 SOL, while liquidity provider fees can be directed back into liquidity.
Developers do not have to use the StonkFun API to deploy tokens and can construct transactions themselves. LaunchOnSF said the system was built to reduce problems it had encountered with snipers and launches concentrated in a single wallet.
Ahead of the integration, StonkFun reported more than $392 million in total trading volume, including roughly $219 million routed through Raydium. The platform had generated $1.21 million in revenue and distributed more than $5.35 million in rewards to ecosystem holders.
More than $705,000 had been spent on buybacks and burns of its ecosystem token, while another $68,000 went toward buying and burning tokens from its 10 largest ecosystem projects, according to figures published by LaunchOnSF.
LaunchLab followed Pump.fun’s move away from Raydium Raydium first disclosed LaunchLab in March 2025 after Pump.fun began working on its own automated market maker. The platform offered creators different pricing curves and allowed third party interfaces to build on the underlying infrastructure and set their own transaction fees.
Crypto.news previously reported on Raydium’s LaunchLab plans in March 2025. An anonymous Raydium developer said at the time that the product had been under development for several months but had initially been kept on the sidelines while Pump.fun continued using Raydium for liquidity.
LaunchLab officially went live in April 2025, allowing users to create, customize and trade tokens through Raydium. Projects crossing the original 85 SOL threshold were automatically moved into Raydium’s automated market maker.
Raydium introduced customizable bonding curves, no migration cost and a 1% trading fee under the initial model. The protocol said 25% of trading fees collected through LaunchLab would be used to buy back RAY.
More than 10 projects had passed the 85 SOL threshold shortly after LaunchLab opened, while RAY rose roughly 13% following the launch before giving back part of the move.
LaunchLab arrived after Pump.fun changed a relationship that had directed a steady flow of newly created memecoins toward Raydium.
Tokens launched through Pump.fun had historically moved into Raydium liquidity pools after completing their bonding curves. Pump.fun began testing its own automated market maker in February 2025, opening a path for graduated tokens to remain inside its own trading infrastructure.
PumpSwap ended Pump.fun’s reliance on Raydium Pump.fun formally moved away from the previous setup when it launched the PumpSwap DEX in March 2025.
Built around a constant product automated market maker similar to Raydium v4 and Uniswap v2, PumpSwap allowed tokens completing Pump.fun bonding curves to migrate directly to its own liquidity pools. Users could create pools, provide liquidity and trade tokens without sending graduated launches to Raydium.
PumpSwap introduced instant migrations and removed the six SOL migration fee previously associated with the process. The platform initially charged 0.25% on trades, allocating 0.20% to liquidity providers and 0.05% to the protocol.
Trading activity climbed quickly. PumpSwap captured 21% of Solana DEX trading about a week after launch, with cumulative volume exceeding $1.2 billion. Raydium remained ahead with a 57.4% share at the time.
By March 30, PumpSwap had recorded $2.43 billion in volume, alongside $5.4 million in protocol fees, around 700,000 active wallets and 30.59 million swaps. Raydium accounted for 74% of Solana DEX volume on that date, compared with PumpSwap’s 8%.
Raydium had entered the contest from a strong position in memecoin trading. A CEX.io report showed its memecoin volume share rising from 77% to 83% during the first quarter of 2025.
Pump.fun was responsible for more than half of daily SPL token creation at the time, with tokens previously flowing into Raydium after meeting Pump.fun’s graduation requirements. That pipeline changed once PumpSwap began taking the migrations directly.
Raydium remains a major Solana trading venue Despite heavier competition among Solana exchanges and launchpads, Raydium has remained one of the network’s largest execution venues.
Across 2025, the protocol processed $352.8 billion in execution layer DEX volume. Meteora followed with $113.7 billion, while Orca and SolFi recorded $103.9 billion and $97.9 billion, respectively.
More recent activity has remained spread across several Solana venues. On Aug. 21, 2026, Solana generated approximately $2.8 billion in daily decentralized exchange spot volume. PumpSwap processed roughly $485 million, followed by BisonFi at $466 million, Orca at $307 million, Raydium at $260 million and Manifest at $218 million.
The five platforms together accounted for approximately $1.74 billion of the network’s daily total.
LaunchLab’s latest update changes the type of markets that can be created through Raydium’s launch infrastructure. Instead of requiring creators to launch against a predetermined quote asset, StonkFun deployments can select another supported token and carry that pairing through the bonding curve and subsequent liquidity setup.
Raydium ecosystem contributor Infra said the structure lets a community pair a meme token with another asset its users already follow and use the same asset for rewards. LaunchOnSF became the first partner to put that model into production through StonkFun following the Sept. 7 rollout.
Solana zpřístupnila ARB přes Sunrise a rozdmýchala debatu o poplatcích a kvalitě exekuce mezi Solanou a Arbitrem. SOL mezitím obchoduje za 106,02 USD, za posledních 24 hodin +2,5 % a objem obchodů vzrostl o 63,8 % na 3,49 miliardy USD.
Solana has announced that the ARB token is now available to trade on its network through Sunrise, expanding the options for ARB holders and traders. The move has drawn renewed attention to how trading fees and execution quality are compared across blockchains, especially amid ongoing disagreement between key industry figures.
Sunrise ARB listing sparks debate over fees and executionThe ARB token, which is native to the Arbitrum blockchain, can now be accessed and traded directly on Solana’s network via the third-party application Sunrise. Solana is promoting this listing by highlighting what it describes as tighter spreads and significantly lower fees for ARB trades compared to Arbitrum. These claims have intensified competition and discussion about transaction costs between rival blockchains.
Steven Goldfeder, CEO of Offchain Labs, which is the technology company behind Arbitrum, has responded to these comparisons by cautioning against drawing conclusions solely from outward fee structures. Goldfeder stressed that calculating true transaction costs should include protections against harmful trading behaviors such as frontrunning and various forms of maximal extractable value (MEV).
Goldfeder emphasized that comparing on-chain trading costs is not straightforward, as factors like protection against hidden execution costs and malicious trading practices can have a significant impact on users, beyond just network and liquidity provider fees.
Anatoly Yakovenko, cofounder of Solana, countered Goldfeder’s position by asserting that Arbitrum generally faces “worse spreads and higher fees” compared to Solana routes. Yakovenko cited figures suggesting a roughly tenfold difference in costs, though he clarified that these numbers represent his own assessment and not a guarantee for every ARB transaction on either network.
Trading costs on decentralized exchanges often include not just the base network fee, but also liquidity provider charges and price slippage. Solana documentation notes both base transaction fees and optional priority fees, which together contribute to the total spent by ARB traders. The absence of a standardized fee schedule makes it important for users to compare actual order execution results across platforms.
Founded in 2020, Solana is a high-speed, proof-of-stake blockchain claiming to offer fast settlement and low fees. Sunrise is an application that facilitates cross-chain asset listings and enables users to interact with tokens from multiple ecosystems within one interface.
Mini dictionary: Maximal extractable value (MEV) refers to the extra profit that can be made by miners or validators when they reorder or include certain transactions within a block, often at the expense of regular users by capturing arbitrage or frontrunning opportunities.
SOL price, volume jump as technical levels take focusThe news of ARB’s arrival via Sunrise comes as SOL, Solana’s native token, trades at $106.02, reflecting a 2.5% increase over a 24-hour period. SOL’s trading volume rose 63.8% in the same timeframe to $3.49 billion, though there is no direct evidence that the ARB listing was the catalyst for these changes in price and volume.
Recent technical analysis places immediate support level for SOL near $105, while overhead resistance has been identified at $107.37. Upside from $106.02 to the resistance would represent just over 1%. However, if the price falls below $104.94, the short-term recovery outlook could weaken.
Solana continues to see heightened activity, but interpreting a surge in trading volume requires caution, as increased turnover may signal greater trading but does not confirm new liquidity entering the $SOL market.
The $3.49 billion figure references SOL token trading activity, not necessarily total turnover for the Solana blockchain or the ARB token specifically. Higher trading volume reflects more frequent buying and selling but does not always indicate net capital inflows.
With immediate support and resistance levels tightly grouped, traders are watching closely for a potential breakout or further decline. Market participants are also waiting to see if ARB trading on Solana will attract sustained interest or impact long-term liquidity for either asset.
LevelValueCurrent SOL price$106.02Support$105.00Resistance$107.37Trading Volume (24h)$3.49 billionKey price risk level$104.94Overall, industry figures remain divided on the best way to measure trading costs, with Solana and Arbitrum advocates each defending their network’s approach. The debate has highlighted the complexity of comparing user experience and cost efficiency across blockchains as multi-chain asset access expands.
Tokenizované akcie na Solaně a Robinhood Chain překročily ve vkladech v DeFi 152 milionů USD. Solana drží asi 75,4 milionu USD a Robinhood Chain zhruba 72,7 milionu USD.
Tokenized stocks sitting on Solana and Robinhood Chain have crossed $152 million in combined DeFi deposits. That figure represents roughly 79% of the entire $192.6 million in tokenized-equity DeFi TVL across all chains, a concentration that says a lot about where this market is actually happening.
Solana commands the lion’s share at approximately $75.4 million, good for 64.5% of the global market in tokenized-stock DeFi deposits. Robinhood Chain, barely two months old, has already muscled its way to second place. The rest of the field, Ethereum included at around $15 million, is fighting over scraps.
From trading tokens to farming yield Still, only about 5% of all tokenized equities have actually entered DeFi lending protocols. That’s a tiny fraction of a $3.1 billion total tokenized equity market cap. Solana hosts the largest share of that deployed capital, which tracks with its broader dominance in onchain equity trading.
In Q2 2026, Solana recorded $5.8 billion in tokenized-stock DEX volume. That’s roughly 95% of all onchain equity trading globally, a 114% increase from the prior quarter. Platforms like xStocks and Raydium have been the primary venues facilitating that flow.
Robinhood Chain’s aggressive entrance Robinhood Chain launched on July 1, 2026, as a Layer 2 solution built on Ethereum, purpose-built for tokenized real-world assets. Within its first month, the platform’s tokenized equities reached an active market value of nearly $72.7 million. That represents close to a sevenfold increase from its early days, driven largely by trading activity in familiar names: tokenized GameStop hit a daily trading volume of $26.6 million shortly after launch, and Nvidia proved similarly popular.
Weekly spot volume across major chains reached approximately $3 billion in August 2026, with Robinhood Chain capturing a meaningful slice despite being the newest entrant. Grayscale has identified Solana, Robinhood Chain, and BNB Chain as the three leading platforms for tokenized equity volume.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana za posledních 30 dní přilákala do RWA čisté toky ve výši 348 milionů USD a vedla mezi hlavními sítěmi. Její hodnota RWA přesáhla 4 miliardy USD a dosáhla 4,23 miliardy USD.
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According to the RWA Foundation X account, Solana led RWA flows, pulling in $348 million in the last 30 days.
"Solana is leading the pack. It topped net flows for RWAs over the past 30 days, pulling in $348 million to the chain," the RWA Foundation X account wrote.
As seen on the rwa.xyz page, Solana led the 30-day change among major networks on the RWA League table (distributed), referring to RWA tokens using the blockchain as a distribution layer, enabling onchain investors to subscribe, hold, and manage assets directly through their own wallets or custodians. Solana recorded a 30-day increase of 11.13%, while Ethereum and Stellar rose by 0.77% and 5.22%, respectively. XRP Ledger and Avalanche declined by 5.51% and 14.06%, respectively.
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As reported, Solana's RWA value has crossed $4 billion, currently at $4.23 billion. RWA holders increased by 17.63% in the last 30 days to 398,644.
One of the defining industry trends over the past year has been the growth of RWAs, with Solana sustaining its momentum. The Solana blockchain hosts tokenized Treasury products, including Circle's USYC tokenized money market fund, BlackRock's BUIDL, VanEck's VBILL, and Franklin Templeton's BENJI.
Ondo Finance runs two Treasury-linked products on Solana: USDY is a tokenized note backed by short-term U.S. Treasuries and bank demand deposits, and OUSG provides exposure to short-term U.S. government bonds and is backed significantly by BlackRock's BUIDL fund.
Solana eyes most ambitious upgradeSolana is eyeing what could be its most ambitious core upgrade to date—one that replaces its current technology stack with a redesigned consensus protocol built for near-instant finality and responsiveness.
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Dubbed Alpenglow, the upgrade proposes replacing Proof of History—Solana's well-known unique "pre-recorded clock" system—and Tower BFT, its existing voting mechanism for reaching consensus.
In late August, Solana saw its first network-wide governance vote—a proposal to speed up cuts to new SOL issuance that scraped past the required two-thirds majority in the final minutes before the deadline.
Solana překročila v ekosystému RWA hranici 18,5 miliardy USD. Stablecoiny tvoří 16,4 miliardy USD a Solana získala 97 % objemu obchodování tokenizovaných akcií v 1. pololetí 2026.
Solana has been building something quietly significant. The network’s combined real-world asset footprint, counting stablecoins, tokenized funds, equities, and commodities, has crossed $18.5 billion, according to data tracked by RWA.xyz and research from Galaxy Digital and the Solana Foundation. The stablecoin layer alone reached $16.4 billion in May 2026, making it the largest single component of the ecosystem. Non-stablecoin RWAs hit an all-time high of $2.8 billion that same month, a figure that climbed toward $4.23 billion by September 2026.
The lineup of issuers looks less like crypto and more like a financial services conference Circle’s USDC and Tether’s USDT remain the dominant stablecoin players on the network. Early 2026 brought Western Union’s USDPT and SoFi’s SoFiUSD to Solana. On the non-stablecoin side, BlackRock, Ondo, and Securitize have all launched tokenized products on the network. The holder base now numbers somewhere between 230,000 and 398,000 unique participants across Solana’s RWA ecosystem, depending on the asset class and tracking methodology.
Ninety-seven percent is a number that deserves its own paragraph Solana captured 97% of all on-chain tokenized equities trading volume in the first half of 2026. The network processes transactions quickly and cheaply, which matters when the use case is high-frequency settlement of financial instruments. For an institution moving large volumes of tokenized assets across a trading day, the difference between $0.001 per transaction and $5 per transaction is the difference between a viable product and an uneconomical one. Traditional financial infrastructure often settles trades on a T+2 basis. On-chain settlement on Solana happens in seconds.
What this ecosystem actually means for the network’s identity One important caveat worth noting: a significant portion of the RWA value currently sitting on Solana remains in reserve positions rather than actively circulating through DeFi applications. The $18.5 billion figure represents assets tokenized and held on-chain, not necessarily assets being lent, borrowed, or used as collateral in decentralized protocols. Regulatory frameworks for tokenized securities remain uneven across jurisdictions, and institutional compliance requirements don’t always map cleanly onto permissionless DeFi protocols.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
BulkTrade, one of the more quietly hyped projects in Solana’s DeFi ecosystem, has officially gone live on mainnet. The perpetual futures exchange launched on September 5, bringing with it execution latency between 5 and 20 milliseconds, a figure that puts it in striking distance of the centralized exchanges it’s trying to replace.
The platform isn’t rolling out the red carpet for everyone, though. Access is gated behind referral codes and invites.
The numbers behind the launch BulkTrade didn’t arrive empty-handed. A pre-deposit campaign that kicked off on June 1, 2026, pulled in over $25.9 million in USDC TVL within just 10 days.
The financial foundation goes deeper than pre-deposits. BulkTrade closed an $8 million seed round back in September 2025, co-led by Robot Ventures and 6th Man Ventures. Wintermute Ventures also participated, which is notable given Wintermute’s role as one of the largest market makers in crypto.
On the tokenomics side, the BULK token hasn’t launched yet, but the allocation framework is already public. Thirty percent of the total supply is reserved for community distribution through airdrops, with eligibility tied to pre-deposit activity and trading behavior.
The platform also introduced what it calls BIP-1 on July 28, a framework that enables permissionless, deployer-owned perpetual markets.
Why speed matters in perps trading BulkTrade is betting it can deliver both speed and self-custody. The platform targets sub-40 millisecond finality while keeping user assets in self-custody on Solana. All perpetuals are settled in USDC, which simplifies the margin and settlement process compared to platforms that support multiple collateral types.
The exchange underwent a security audit by Zellic, a firm that has reviewed smart contracts for several major DeFi protocols.
Solana’s perps landscape gets more crowded BulkTrade enters a Solana perps market that already includes established players like Jupiter’s perps product and other on-chain derivatives protocols.
BulkTrade’s 30% airdrop allocation rewards early depositors and active traders. The dynamic margin functionality the platform offers adjusts margin requirements in real time, potentially improving capital efficiency for sophisticated traders, in contrast to traditional perps platforms that use static margin requirements.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana aktivovala snížení nájemného, které může uvolnit až 3,08 milionu SOL z účtů. Jde spíš o uvolnění dříve zamčených prostředků než o klasický airdrop.
The Solana network and its ecosystem underwent two significant changes within one week. Validators first approved a plan to reduce future SOL issuance by 18.9 million.
AMBCrypto previously reported on the disinflation proposal. Now, Solana’s rent system is also changing, potentially unlocking millions of SOL held inside existing accounts.
How does Solana’s rent reduction work? On September 3rd, Solana activated rent reduction. With the activation, the network will reduce storage bins for onchain accounts by approximately 90%.
According to Solana Floor, the first stage lowers the Lamports-per-byte requirement from 6,960 to 6,333, through five feature gates. This will mark a 9% drop.
The already existing accounts will keep their lamports, so each activated reduction will leave them above the new minimum. The excess funds could be withdrawn without closing the account.
How much could be surplus funds? Solana activated its rent reduction on the 3rd of September. The complete rollout will reduce storage costs for on-chain accounts by approximately 90%.
According to Solana Floor, the first stage reduced the Lamports-per-byte requirement from 6,960 to 6,333. This represented a 9% reduction across five feature gates.
Existing accounts will retain their Lamports, leaving them above the newly reduced minimum.
Consequently, account holders could withdraw the surplus without closing their accounts. That shift could turn previously locked storage capital into spendable SOL.
Over 1.16 billion token accounts held a combined 3.425 million SOL in rent balances.
After SIMD-0437’s five-stage rollout, approximately 3.08 million SOL could become reclaimable. Those tokens were worth roughly $307 million.
Solana Floor described the potential release as an “airdrop” worth around $319 million.
However, the rent reduction will not distribute an automatic refund. Eligible token programs must withdraw the surplus before holders can spend it.
Therefore, the change resembles capital recovery rather than a conventional airdrop. It also creates an unusual supply tension. Solana is reducing future issuance while simultaneously making previously restricted SOL liquid.
Did Solana’s price react? SOL rebounded from $99 and reached a local high of $105. At press time, Solana [SOL] traded around $104 after gaining 4.01% on the daily chart.
The recovery also forced bearish traders from the market.
Source: CoinGlass Short Liquidations exceeded $12.2 million, compared with only $2 million in Long Liquidations.
Short squeezes can support further gains as traders cover positions and potentially switch toward longs. However, those Liquidations reflected forced buying rather than guaranteed organic demand.
Can SOL hold the $100 support? Despite SOL’s rebound, Spot Netflow showed that some holders continued realizing profits. The metric remained positive for three consecutive days.
On the 3rd of September, Spot Netflow reached $39.6 million before falling to $4.9 million.
Source: CoinGlass Positive Spot Netflow indicated that more SOL entered exchanges, increasing potential selling pressure.
Continued profit-taking could weaken the $100 support. By contrast, easing Exchange Inflows may allow SOL to revisit $110 and extend its recovery. The next debate extends beyond price: will reclaimed rent strengthen participation or simply create another source of sellable SOL?
Final Summary Solana began reducing account storage costs on the 3rd of September. The full rent reduction could make approximately 3.08 million SOL reclaimable.
Solana Foundation spustila Payment Channels s benchmarkem 1 milion plateb za sekundu, ale jde o kontrolovaný test, ne o výkon mainnetu. Skutečný objem zatím podle článku zůstává nízký a částečně umělý.
Solana's new Payment Channels benchmark crushes traditional payment rail throughput, yet the gap between protocol signaling and real commerce tells a different story.
The Million-Payment Benchmark On September 3, 2026, the Solana Foundation announced the launch of Payment Channels, accompanied by a headline-grabbing figure: 1 million payments per second. This benchmark, derived from a controlled test involving 100,000 unique wallets through a proxy, does not represent current mainnet throughput. While the capacity to handle 80 billion payments in 24 hours is technically impressive, the gap between a lab-controlled stress test and the messy reality of global commerce remains wide.
The Bar Tab Model The architecture functions like a digital bar tab. Instead of requiring an on-chain transaction for every individual interaction—which would be prohibitively expensive and slow—a user authorizes a spending limit once. The agent then spends against that limit off-chain via signed messages. The final net amount is settled in a single on-chain transaction. This non-custodial escrow model is a departure from custodial prepaid credits, where balances are tracked in a third-party database. By keeping funds in an on-chain program rather than with an operator, the system attempts to solve the friction of agent autonomy, where human intervention was previously required to approve payments one at a time.
Throughput in Context Visa reported a peak capacity of approximately 65,000 transactions per second (TPS) in Q2 2026, with an average of 8,400 TPS. Mastercard, during Q1 2026, operated at an average of 5,600 TPS with a peak capacity of 5,000 TPS. Solana’s benchmark suggests a theoretical ceiling far beyond these legacy systems, yet the utility of such throughput depends entirely on the nature of the transactions being processed. Moving billions of micro-payments is a different engineering challenge than settling high-value retail transactions.
Protocol Neutrality Solana is positioning itself as a neutral settlement layer by supporting both the x402 (pay-per-call) and MPP (session-based) protocols. The x402 protocol offers modes ranging from single metered calls with a ceiling to batch-settlement, while MPP sessions allow for streaming many metered deliveries that settle when the session idle-closes. With Alibaba Cloud serving as the first live partner with API endpoints available at launch, the infrastructure targets enterprise-scale agentic commerce. Whether this neutrality holds under real-world load or simply creates a fragmented landscape for developers remains an open question.
The Economic Reality The cost efficiency is notable, with a per-payment cost of $0.000000000776. However, the actual economic activity on these protocols requires scrutiny. While Solana has seen over 35 million cumulative x402 transactions and $10 million in volume, Artemis Analytics found that approximately half of these transactions are artificial, stemming from self-dealing and wash trading. Furthermore, CoinDesk reported that real daily x402 volume was near $28,000 as of March 2026. The Major Matters x402 tracker indicates that the average x402 transaction value sits in the sub-cent-to-dime range, typically under $0.50. This discrepancy between protocol signaling and actual commercial volume suggests that the ecosystem is still in a phase of infrastructure testing rather than widespread adoption.
The Settlement Race The race to capture agentic commerce settlement is heating up, but the absence of significant “Category 3” commerce—real-world, non-speculative agent-to-agent transactions—remains the primary hurdle. Payment channels remove three specific friction points: the need for constant authorization, the reliance on custodial databases, and the inefficiency of individual settlement. Yet, until the volume shifts from artificial testing to genuine commercial activity, the 1 million payments per second figure remains a proof of concept rather than a market reality. For builders and investors, the focus should remain on whether these channels can sustain real-world utility once the novelty of the benchmark fades.
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SEC schválila rozšíření pravidel Nasdaq Texas pro „digitální komodity“ a v dokumentu označila BTC, ETH, SOL a XRP za digitální komodity pro ETF. Přílivy do XRP ETF zároveň trvají už 11 seancí.
The cryptocurrency market experienced a significant rally on Friday, September 4, 2026, as a major short squeeze unfolded and key regulatory news broke from the US Securities and Exchange Commission (SEC). Data from CoinGlass indicated that 105,019 traders saw positions worth $566.90 million liquidated in the past 24 hours, with $478.91 million of these from short positions. The total crypto market capitalization reached $2.711 trillion, expanding to $2.82 trillion when derivatives are included.
Regulatory action reshapes crypto landscapeThe SEC issued Order No. 34-106268, granting Nasdaq Texas, LLC accelerated approval to amend Rule 5711(d) to define “digital commodity” in its rules, legalize actively managed crypto strategies, and permit ETFs to hold up to 15% of their net asset value in instruments that initially do not meet strict eligibility criteria.
In the order, the SEC named Bitcoin (BTC), Ether (ETH), Solana (SOL), and XRP as digital commodities that currently qualify for inclusion in these products. This represents a formal acknowledgment within the exchange’s governance framework, though it does not carry the force of law nationwide.
The SEC’s move follows a wave of decisions from 2025 and 2026, including the September 2025 reduction of crypto ETP approval times from 240 days to 75 days and a March 2026 joint SEC and CFTC interpretation that classified a group of cryptocurrencies, including BTC, ETH, SOL, XRP, ADA, AVAX, DOGE, SHIB, and LINK, as commodities.
In June, regulators cleared T. Rowe Price’s multi-asset crypto ETF, TKNZ, which can flexibly rotate holdings among these coins.
Despite this momentum, legal certainty remains pending. The Senate will hold a vote on the CLARITY Act on September 15, while the House of Representatives has signaled potential delays after canceling its September legislative sessions. The National Sheriffs’ Association, in a recent letter, withdrew objections to DeFi, adopting a neutral position and reducing some lobbying pressure. Ripple CEO Brad Garlinghouse commented, “Making America the crypto capital of the world is within reach — let’s finish the job.”
Making America the crypto capital of the world is within reach — let’s finish the job.
Market rally driven by economic data and ETFsThe rally followed comments by Federal Reserve Governor Christopher Waller, who pointed to ongoing disinflation and supported stable interest rates at the Fed’s upcoming meeting. This calmed some market tensions, while the Japanese yen strengthened 2% amid speculation about a rate hike from Japan’s central bank.
US spot Bitcoin ETFs attracted $730.87 million in daily inflows, with BlackRock’s IBIT contributing $454 million and pushing total BTC fund assets above $103.34 billion—equivalent to 6.32% of all Bitcoin in circulation. Ethereum ETFs gained $141.24 million, leading to $115.08 million in ETH short liquidations.
Zcash soars 2,300% on AI privacy demand and ETF inclusionZcash (ZEC) climbed 94% over the last 30 days and more than 2,300% in the past year, driven by a sharp short squeeze and renewed privacy concerns as artificial intelligence technology advances. CoinGlass reported $36.46 million in forced ZEC liquidations, nearly all from short positions, with open interest reaching $2.3 billion.
The introduction of OpenAI’s GPT-6 Astra model, which scored 98.6% on the ARC-AGI-3 benchmark and enables fully autonomous computer operation, sparked further investor attention. After AI agents were found to have made over 15,000 unauthorized edits to the DseWiki database in Germany, privacy-focused investors looked to Zcash’s zero-knowledge technology as a protective measure against automated surveillance.
In parallel, Nasdaq’s new 15% net asset value buffer rule allowed asset managers to buy ZEC for regulated multi-asset funds, further fueling the short squeeze.
Mini dictionary: Zero-knowledge technology refers to cryptographic protocols that allow one party to prove to another that a statement is true without revealing any information beyond the validity of the statement itself. Zcash employs this technology to provide enhanced privacy for blockchain transactions.
Institutional flows and industry restructuringSpot XRP ETFs continued their inflow streak to 11 sessions, accumulating a total of $1.68 billion, with $6.14 million added in a single day. Daily liquidations for XRP stayed modest at $11.39 million. RLUSD stablecoin supply on the XRP Ledger surpassed $1 billion, and the network received approval from the Bank for International Settlements to record official statistics.
On-chain data revealed large-scale Ethereum sales, with one institution selling 29,735 ETH valued at $72.1 million. Abraxas Capital maintained a $291.4 million short hedge on Hyperliquid, and Multicoin Capital transferred 150,000 HYPE tokens, worth $12.8 million, to Coinbase.
The sector also saw ongoing risk management and listing adjustments. After a $1.7 million exploit at Notional Finance, Binance placed AVA, GNS, SCR, and TOWNS under a Monitoring Tag, and announced the listing of MarsCoin (MARSCOIN) with a Seed Tag. KuCoin and Kraken are set to follow with their own reviews on September 7 and 11, respectively.
This period of explosive growth represents a shift toward maturity as major crypto assets like BTC, ETH, SOL, and XRP channel liquidity through regulated ETF products.
The bitcoin-to-gold ratio climbed above 18, its highest level since January, though analysts noted that historic ETF inflows often precede local corrections. September seasonality—dubbed “Rektember” by traders—is considered a significant risk ahead of the Federal Reserve’s policy meeting and the Senate’s CLARITY Act vote, both scheduled for the middle of the month.
Asset30-day Performance (%)1-year Performance (%)ETF Inflows (Latest, $ million)Zcash (ZEC)942,300Included in new ETF allocationXRPN/AN/A6.14 (daily), 1,680 (cumulative)Bitcoin (BTC)N/AN/A730.87 (daily), 454 from BlackRock IBITEthereum (ETH)N/AN/A141.24
Solana v srpnu vykázala přes 144 mil. USD příjmů z aplikací, což byl nejvyšší výsledek mezi všemi řetězci a 38% podíl na trhu. Zároveň dál vedla i ve spot DEX objemu.
Rumors of Solana’s death have been greatly exaggerated. While the critics and detractors declare Solana to be in its “most perilous place” ever, the network remains the most productive and fertile ground for applications across the industry.
Meanwhile, new data suggests that while Robinhood Chain is witnessing a tremendous influx of traders and capital, the vast majority of users are coming from crypto-native platforms.
Solana Leads All Chains in Monthly App Revenue The multichain economy is exploding, with blistering memecoin runs on networks like Robinhood and BNB Chain attracting traders and capital in waves reminiscent of previous onchain bull cycles.
Driven by the surging popularity of meme/stock token pairings, Robinhood and BNB Chain are seeing coins run to incredible valuations in a matter of weeks. But while coins are running to $300M on rival chains, Solana’s memecoin trenches are looking decidedly barren, with similar meme/stock pairs struggling to enjoy the same success.
Solana’s declining volume share in tokenized equities has only fuelled criticism and dismissal from its detractors. Critics argue that Solana is now in a “perilous place”, with rival chains proving more popular among memecoin and perpetual futures traders.
But contrary to the doubts expressed on social media, onchain data suggests that Solana remains crypto’s most productive network for building blockchain-based businesses.
According to DefiLlama data, Solana recorded over $144M in app revenue throughout August, leading all chains and constituting 38% market share across all chains.
Outside the application revenue, Solana maintained its industry-wide lead on spot DEX volume and continues to surpass rival chains like Ethereum, BNB, and Robinhood on network REV.
How Much of Robinhood’s Growth is New Users? While Robinhood Chain’s parabolic rise is breathing new life and optimism into the onchain economy, new data suggests that the surge of activity may not be as retail-driven as previously thought.
Blockworks data suggests that only 2% of all activity on the flourishing network comes from the Robinhood Wallet, implying that most of the network’s traders are still coming from a crypto native background.
Around 73% of all activity is being driven by cross-chain terminals and aggregators, which could include retail-first platforms like fomo and the pump app.
At the same time, it’s starting to appear as though Robinhood Chain is suffering from its own success. The Ethereum Layer-2 is buckling under the demand for blockspace, with transaction fees spiking across the network due to strong demand for blockspace.
With network fees coming in around 128x more expensive than Solana, Blockworks Research analyst 0xcarlosg argues that the network risks pricing out the users driving its meteoric growth.
For its part, Solana has already suffered these trials. Historic network events, like the launch of the $TRUMP memecoin in January 2025 served as excellent proof of the chain’s resiliency under unprecedented load. Recent performance improvements, like raised block limits and slot time reductions have only boosted Solana’s capacity for scale, ensuring the chain is best-equipped to onboard capital markets at global scale.
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Robinhood Chain vybrala 2. září na poplatcích za plyn 4,45 milionu USD, což je 82× více než 22. srpna. Růst pohání aktivita memecoinů a Robinhood do 29. září hradí poplatky v aplikaci za uživatele.
Users paid $4.45 million to transact on the network on Sept. 2, more than Ethereum, Solana and Tron combined, after the base fee rose 23 times off its 0.02 gwei floor. Robinhood absorbs the cost inside its own wallet app until Sept. 29.
Robinhood Chain collected more in gas fees over the past 24 hours than any other blockchain, after memecoin launch activity pushed the two-month-old network's base fee far above the minimum price its contracts allow.
Almost all of the increase is price. Transactions on the chain rose about 36% over the same stretch, while the execution gas on an average transaction went from under a cent to about 32 cents. Robinhood pays the fee for customers swapping inside its wallet app under an offer that expires on Sept. 29.
Users paid $4.45 million in gas on Sept. 2, up 18.8% from the prior day and 82 times the $54,254 paid on Aug. 22, according to DefiLlama, which counts gas fees paid by users covering both Robinhood Chain execution and the Ethereum data component. Canton ranked second that day at $1.69 million, followed by Tron at $873,930, Solana at $612,579, BNB Chain at $480,271 and Ethereum at $304,277. The chain has taken $12.44 million over seven days, two-thirds of the $18.45 million it has earned since mainnet launched on July 1.
Off The 0.02 Gwei FloorRobinhood Chain enforces a minimum gas price of 20 million wei, or 0.02 gwei, readable from the ArbGasInfo precompile at address 0x6c and the same default Arbitrum One runs. The base fee held at that floor on a median basis from Aug. 17 through Aug. 23, according to blocks sampled directly from the chain's public RPC endpoint. It has been above it every day since Aug. 24.
Over the 24 hours to 16:27 UTC on Sept. 3, the median base fee across 600 sampled blocks was 0.467 gwei, 23 times the floor, with intraday readings above 5 gwei. Arbitrum One was at 0.02 gwei at the same moment and Base at 0.005 gwei.
Measured onchainAug. 21-22Sept. 2-3Median base fee0.0201 gwei0.467 gweiGas consumed per second13.2 million36.9 millionTransactions per block9.9613.97Gas per transaction132,766272,229Execution gas cost per transactionunder $0.01$0.32At the intraday peaks, a transaction of that size costs roughly $3.40. DefiLlama's 82-fold increase runs ahead of the 47-fold rise in execution cost because its series also prices the Ethereum data component and priority tips, which the per-transaction calculation above excludes.
Gas Burn Nearly TriplesRobinhood Chain consumed an average of 36.9 million gas per second over the past 24 hours, against 13.2 million on Aug. 21 and 22. Blocks carried an average of 13.97 transactions against 9.96, and each transaction used 105% more gas.
Arbitrum Nitro tracks a gas backlog against several targets measured over windows from nine seconds to a full day, per Arbitrum's documentation. When the backlog grows the base fee rises exponentially to discourage usage, and falls as the backlog clears. The base fee has risen on nine of the past 10 days.
Robinhood Pays Until Sept. 29Customers swapping inside the Robinhood Wallet app are paying none of this. Robinhood covers network fees on crypto and stock token swaps on Robinhood Chain, plus one-time ERC-20 approval fees, for swaps greater than $0.50, with "no additional caps, limits, or frequency restrictions," according to Robinhood's support page for the offer.
The offer period runs "beginning at launch of Robinhood Chain to 11:59 PM EST September 29, 2026." Wallet-to-wallet transfers, bridge transactions and anything executed through the dapp browser are excluded, as are third-party wallets. Robinhood reserves the right to change or end the offer without notice.
That leaves traders using Pons, GMGN or Uniswap directly paying the current rate, and Robinhood Wallet users facing it in 26 days unless the offer is extended.
Pons Sets The LoadPons V2, the launchpad that exists only on Robinhood Chain, took $6.09 million in fees over the past 24 hours and $26.33 million over seven days, DefiLlama data shows. Uniswap V4 on the chain collected $6.65 million, trading bot GMGN $2.65 million and Uniswap V3 $870,480.
PONS traded at $0.5827 on Thursday, up 42.9% over 24 hours, 388.2% over seven days and 2,727.3% over 30 days, for a market capitalization of $413.8 million and a rank of 117, according to CoinGecko. The token set an all-time high of $0.6011 at 17:19 UTC on Sept. 3 and turned over $126.7 million in the past day.
DEX volume on the chain was $1.55 billion over 24 hours, down 7% from the prior day and up 88.1% over seven days. Total value locked stands at $819.6 million.
Gas Takes A QuarterGas has gone from a rounding difference against those application fees to a quarter of everything paid on the chain. Fees across Robinhood Chain and every protocol deployed on it totaled $19.12 million on Sept. 2, of which gas was 23.3%. On Aug. 22 it was 2.5%.
No other large network prices its own capacity that high.
Chain, Sept. 2All fees paidChain gas feesGas shareRobinhood Chain$19.12 million$4.45 million23.3%BNB Chain$2.89 million$480,27116.6%Solana$10.54 million$612,5795.8%Base$1.86 million$97,5835.3%Arbitrum One$268,976$13,8575.2%Ethereum$9.34 million$304,2773.3%Application fees scale with the value being traded and gas with the compute the chain can supply. Volume has kept climbing; capacity has not.
Six Of Eight SignersBringing fees down by raising the chain's throughput is not Robinhood's decision alone. Robinhood Chain's parameters sit with a Security Council of eight signers — two held by Robinhood and one each by BitGo, Chainlink Labs, Fireblocks Trust Company, Offchain Labs, Paxos and Talos — where routine changes need six of eight approvals and a seven-day onchain timelock, according to the chain's governance documentation. Emergency actions skip the timelock and need seven of eight.
Arbitrum's Cut GrowsRobinhood kept $4.01 million of Sept. 2's gas fees after Ethereum data costs and the 10% fee share owed under the Arbitrum Expansion Program license, DefiLlama's accounting shows. The gap between the two figures is almost exactly 10%, leaving Ethereum data costs at close to nothing for the day.
That share splits 8% to the Arbitrum DAO treasury and 2% to development funding, putting roughly $356,000 a day into the DAO at Sept. 2 rates against about $4,300 on Aug. 22. ARB traded at $0.1381, up 10.6% over 24 hours and 44.2% over seven days, according to CoinGecko.
Robinhood Chain passed Ethereum on daily application revenue in late August and ranked second among all chains by DEX volume at the start of September. It overtook Base on daily active users three weeks after launch.
Jupiter, největší swap agregátor na Solaně, je nyní součástí MoonPay PayBox, non-custodial AI payment vaultu, který umožňuje obchodování s kryptem pomocí přirozeného jazyka v AI chatbotech. Integrace zpřístupňuje routing, limitní příkazy, dollar-cost averaging i earn produkty prostřednictvím konverzačních rozhraní.
Jupiter, the largest swap aggregator on Solana, is now live inside MoonPay’s PayBox, a non-custodial AI payment vault that lets users trade crypto by typing natural-language instructions into AI chatbots. The integration went live on September 3, connecting Jupiter’s routing engine, limit orders, dollar-cost averaging tools, and earn products to conversational interfaces powered by Claude, ChatGPT, and Grok.
What PayBox actually does MoonPay launched PayBox on July 29 as its bet on “agentic payments.” The core idea: users interact with AI assistants they already use, and PayBox handles the on-chain execution in the background.
The security model relies on multi-party computation (MPC) and trusted execution environments (TEE). Neither MoonPay nor the AI chatbot can independently access a user’s private keys. The keys are split across multiple parties, and transactions require a passkey from the user before anything moves on-chain.
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Users can configure permissions along a spectrum. “Always Ask” mode requires verification for every transaction. More autonomous settings allow the AI to execute trades within pre-set limits without additional confirmation, which is useful for recurring strategies like dollar-cost averaging.
Solana is the primary blockchain supported by PayBox, though it also works with several EVM-compatible networks including Ethereum, Base, Arbitrum, and Polygon.
Why Jupiter matters in this equation Jupiter has historically processed hundreds of billions in trading volume and handles a substantial share of all Solana DEX activity.
MoonPay CEO Ivan Soto-Wright framed the integration in characteristically direct terms.
“Jupiter is the standard for how serious traders trade on Solana.”
Jupiter reorganized its product suite into three pillars, Trade, Earn, and Manage, in July 2026. That restructuring now maps onto what’s accessible through PayBox, giving conversational AI users a path to tools that previously required navigating Jupiter’s own dashboard.
This isn’t the first time Jupiter and MoonPay have collaborated. Back in 2024, the two companies worked together to introduce fiat on-ramps to Jupiter Mobile, enabling card and Apple Pay purchases. The PayBox integration represents a deeper layer of connectivity, moving beyond simple fiat-to-crypto bridges into full trading functionality.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Backpack US jmenovala spoluzakladatele Multicoin Capital Kylea Samaniho do představenstva, aby podpořila expanzi regulovaných finančních služeb v USA. Samani je raný investor do Solany.
Backpack US appointed Multicoin Capital cofounder Kyle Samani to its board of directors on Sept. 2 as the company expands its regulated financial services in the United States.
Summary
Backpack US appointed Multicoin Capital cofounder Kyle Samani to its board of directors on Wednesday. Samani stepped back from Multicoin in February while retaining an advisory relationship with the firm. He remains chairman of Forward Industries, a publicly traded company pursuing a Solana treasury strategy. Backpack says the appointment will support its expansion across regulated U.S. and onchain financial markets. Backpack reports serving users across 150 countries and processing more than $450 billion in volume. Samani is an early Solana investor and a longtime supporter of blockchain based capital markets. He stepped back from managing Multicoin Capital in February 2026 but retained an advisory relationship with the venture firm.
The appointment gives Samani a governance role at Backpack US rather than an executive position. Backpack did not disclose his term, compensation, committee assignments or specific responsibilities.
Backpack CEO Armani Ferrante said Samani’s experience with decentralized networks and crypto regulation made him a suitable adviser. Ferrante said Samani understands the company’s plan to connect traditional financial markets with blockchain infrastructure.
Samani brings Solana and venture capital experience Samani cofounded Multicoin Capital in 2017 and helped establish the firm as an early institutional investor in Solana. Multicoin has also backed projects focused on decentralized finance, blockchain infrastructure and crypto trading.
Samani announced his departure from Multicoin’s daily management in February. He said he planned to explore other areas of technology while continuing to advise the firm.
He also remains chairman of Forward Industries, a publicly traded company pursuing a Solana treasury strategy. Forward adopted the strategy after completing a $1.65 billion private placement led by Multicoin, Galaxy Digital and Jump Crypto in 2025.
The strategy is designed to increase the company’s exposure to SOL and expand its SOL holdings per share. Those objectives are corporate targets rather than guaranteed results.
Samani’s Forward Industries position gives him experience overseeing a public company with a digital asset treasury. It also connects him closely to the Solana ecosystem, which remains central to several Backpack products.
Backpack did not explain how it would address potential conflicts involving Samani’s roles at Forward and Multicoin. The company also did not disclose whether he would be excluded from decisions involving Multicoin portfolio companies.
Backpack US focuses on regulated financial products Backpack describes itself as a financial services group connecting crypto markets with traditional finance. Its products include a crypto exchange, a self custody wallet and Backpack Securities.
The company says Backpack Securities combines a regulated brokerage with a tokenization platform. Its stated objective is to provide access to conventional securities and blockchain based asset distribution within one product environment.
Backpack did not identify the U.S. licenses held by each group entity in its appointment announcement. It also did not provide registration numbers or explain which entity would handle brokerage, custody, tokenization and trade execution.
Companies providing securities brokerage services in the United States generally must register with the Securities and Exchange Commission and become members of the Financial Industry Regulatory Authority unless an exemption applies. Specific registrations should therefore be confirmed against official regulatory records as Backpack expands its services.
The company has already followed a regulated expansion strategy in Europe. Backpack acquired FTX EU and assumed responsibility for returning funds to eligible former customers. The company later addressed questions surrounding its purchase of FTX EU.
Backpack subsequently launched its European exchange through a Cyprus based entity operating under the Markets in Financial Instruments Directive framework. That expansion gave the company a regulated route for offering crypto derivatives to eligible European customers.
Equity trading supports Backpack’s broader strategy Backpack said Samani’s appointment followed the launch of continuous trading for several equity products. It named SpaceX, Micron, SanDisk and SK Hynix among the assets available through its services.
The company described its offering as trading in “real” equities alongside a growing range of tokenized stocks. However, the announcement did not provide a complete explanation of the execution venues, custody structure, settlement system or shareholder rights attached to each product.
Those distinctions matter because traditional shares, tokenized shares and price tracking instruments do not always provide identical rights. Depending on the structure, investors may not receive direct voting rights, dividend claims or ownership of the underlying security.
Other crypto platforms are developing similar services. Kraken recently introduced more than 7,000 traditional U.S. stocks for eligible European customers alongside its tokenized xStocks products.
Kraken has also allowed eligible traders to use certain tokenized stocks as collateral for futures and margin positions. The development reflects growing competition among crypto companies seeking to combine securities exposure with blockchain based trading systems.
Samani said the future of capital markets involves combining “institutional risk controls with onchain efficiency and transparency.” His comment represents his assessment of the market’s direction, not a confirmed outcome for Backpack’s products.
Board appointments support Backpack’s U.S. expansion Samani joins a board that also includes former acting SEC chairman Michael Piwowar, whom Backpack appointed earlier in 2026. The appointments add venture capital, public company and securities regulation experience to Backpack’s governance structure.
Backpack said its leadership additions would support the creation of regulated infrastructure connecting traditional and digital assets. It has not announced new product approvals or regulatory licenses resulting from Samani’s appointment.
The company reports serving customers in more than 150 countries and regions and processing over $450 billion in trading volume. These figures come from Backpack and were not accompanied by an independently audited breakdown in the board announcement.
Backpack has not provided a fixed schedule for expanding its U.S. equity or tokenized asset services. It also has not disclosed whether Samani’s appointment is connected to a specific product launch, acquisition or licensing application.
The next relevant updates will involve Backpack’s U.S. registrations, customer eligibility rules and product structure. Further disclosures may clarify which entities handle securities execution, custody and token issuance.
Until then, the appointment represents a governance step supporting Backpack’s stated U.S. strategy. It does not by itself confirm regulatory clearance for additional securities or tokenized asset products.
US-based Solana spot ETFs have achieved 11 uninterrupted days of positive net inflows, with $10.9M recorded on September 1 Cumulative ETF net inflows have surged to $1.35 billion, while total assets under management reach $1.39 billion Derivatives trading volume for SOL increased 22% to $9.43 billion, though open interest saw a marginal decline SOL maintains position above critical $95 support zone with potential breakout levels identified at $110 and $120 Technical analyst Wealthmanager projects long-term price objective of $250 contingent on support level maintenance Solana (SOL) is currently changing hands near $99 following a modest correction of approximately 3% over the last 24-hour period. However, this short-term retracement hasn’t diminished the impressive 35% gain SOL has registered across the previous two weeks.
Solana (SOL) Price The cryptocurrency dipped to $99.35 but managed to defend the psychologically significant $100 threshold throughout most of the trading session. Trading activity has been contained within a range of $97.38 to $100.71.
Solana ETFs in the US Achieve 11-Day Consecutive Inflow Streak Exchange-traded funds tracking Solana spot price in the United States have now registered positive net inflows for an unbroken sequence of 11 trading days. September 1 witnessed daily net inflows of $10.19 million, while the prior session contributed $10.9 million.
Aggregate net inflows spanning all available products have climbed to $1.35 billion. Total assets under management across these instruments stood at $1.39 billion, accompanied by $68.55 million in daily trading volume.
Bitwise dominated daily capital attraction with $6.17 million in new inflows, while Fidelity captured $2.67 million. Morgan Stanley contributed $1.36 million to the total, whereas other registered funds reported zero new capital influx for the period.
Bitwise maintains the commanding position among providers, managing $949.83 million in assets with cumulative lifetime inflows reaching $1.03 billion. This sustained streak demonstrates consistent institutional appetite even amid temporary price volatility.
Cryptocurrency market analyst Ali Charts shared insights on X, urging his audience to abandon bearish positioning on Solana. He emphasized that the technical configuration is shifting toward bullish territory and suggested securing positions ahead of the next significant price movement for $SOL.
Solana Derivatives Market Displays Heightened Trading Activity Trading volume in Solana derivatives contracts expanded 22% to reach $9.43 billion, indicating elevated trader engagement. Conversely, open interest contracted 1.40% to $6.47 billion, implying that certain leveraged positions underwent liquidation or closure.
Options contract volume surged 19.30% to $15.18 million. Open interest in options contracts experienced a modest 2% increase to $135.98 million.
The Relative Strength Index currently registers at 62.15, having retreated from previously overbought conditions. The Chaikin Money Flow indicator reads 0.25, signaling continued capital accumulation within SOL.
Solana continues defending the $95 support threshold, which market analysts identify as essential for preserving the current recovery trajectory. A confirmed daily close above $100 would establish a pathway toward the $110 resistance zone.
Successfully breaching $110 with substantial volume could trigger further upside momentum toward the $120 level. Market analyst Wealthmanager identified $250 as a viable long-term objective should SOL successfully validate its previous resistance area as new support following a breakout from the macro downtrend pattern.
On the bearish scenario, failure to hold $95 would expose SOL to downside pressure toward the $90 level. A decisive breakdown below $90 would redirect market attention toward the $80 support zone.
The latest ETF statistics confirmed $10.9 million in net inflows on September 2, extending the remarkable 11-day positive streak.
Zastaralý kontrakt Rain na Solaně umožnil útok, při němž bylo z kolaterálních účtů karetních programů odcizeno asi 1,1 milionu USD. Rain uvedl, že všechny zasažené programy už byly aktualizovány.
TLDR An outdated Rain Solana contract allowed unauthorized withdrawals from card collateral accounts across multiple programs. Blockaid estimated about $1.1 million was stolen, with proceeds later entering Tornado Cash on Ethereum. Avici reported $500,859 drained from 1,685 users, while Tria identified $431,945 affecting 636 customers. Rain said every program using the vulnerable contract version has been upgraded since the attack. Self-custodial wallets were unaffected because the attacker targeted separate contracts holding funded card balances. An attacker exploited an outdated Rain card contract on Aug. 28, taking about $1.1 million from stablecoin card programs on Solana. Blockchain security firm Blockaid tracked the incident and published its findings.
Rain provides infrastructure that lets crypto companies issue cards funded with stablecoins. Customer deposits move into collateral accounts controlled by onchain contracts.
These collateral accounts are separate from a user’s personal wallet. Their safety depends on the code and controls set up by the infrastructure provider.
Blockaid found four contract deployments sharing the same code as the flawed version. The attacker drained funds from at least two of them.
Earlier today, Rain’s monitoring systems discovered a vulnerability impacting a small number of programs using an outdated version of our Solana contracts. Other programs were not impacted. Rain immediately launched an investigation to determine the full scope of the situation.…
— Rain (@raincards) August 28, 2026
How the Exploit Worked The outdated contract required two separate approvals before certain actions could happen. It used Solana’s Ed25519 verification system to check signatures.
Blockaid said the attacker reused one signature so it looked like two separate approvals. This let the attacker bypass the requirement without permission from account owners.
An attacker exploited an outdated Rain contract, draining $1.1M in user card balances from @avici, @useTria, and other crypto neobanks.
Blockaid's Onchain Monitoring gives stablecoin card issuers the capability to detect exploits across their fleet of contract deployments.
Read… pic.twitter.com/vzMQfPkdtT
— Blockaid (@blockaid_) September 2, 2026
After bypassing the check, the attacker gave itself admin access over individual accounts. It then withdrew USDC and USDT from those accounts.
Blockaid recorded 2,945 admin additions and 5,288 withdrawal calls. In total, it counted 8,233 exploit transactions over about two hours and 29 minutes.
The first two withdrawals happened three seconds apart. This pace suggests the attacker had built a system to target many accounts quickly.
Where the Funds Went The stolen stablecoins were sent to one Solana wallet. The attacker then swapped them for SOL using decentralized exchanges.
Blockaid traced the funds from Solana to Ethereum through the deBridge cross-chain protocol. About 455.9 ETH entered Tornado Cash between 19:20 and 19:49 UTC.
Tornado Cash mixes deposits so withdrawals can’t easily be linked to the original wallet. Blockaid said the funds had not been recovered as of its report.
Two Ethereum addresses were linked to the early funding of the attacker’s Solana activity. Neither Rain nor law enforcement has named who controls those addresses.
Avici said the attacker took $500,859.22 from 1,685 users. The company refunded all affected customers and added 10% cashback.
Tria reported losses of about $431,945 across 636 customers. It said each customer would be reimbursed.
Blockaid also named Solayer Pay as an affected program, though no confirmed loss figure was available for it. The gap between disclosed losses and Blockaid’s $1.1 million estimate has not been fully explained.
Avici’s token dropped 49% from its daily high after news of the exploit spread. It reached a low of $0.217 before recovering some value. Tria’s token also fell more than 10% at one point.
Rain said every program running the outdated contract has been upgraded. The company reported no further unauthorized activity since making the changes.
Rain has not released a full technical report or explained why older contract versions remained in use. It also has not said whether an audit caught the flaw before the attack happened.
Solana nasadila na testnet nový formát transakcí V1, který zvyšuje maximální velikost z 1 232 na 4 096 bajtů. Aktivace na mainnetu je potvrzena na 9. září 2026.
Solana just made its transactions a lot roomier. The network’s new V1 transaction format has gone live on testnet, tripling the maximum serialized transaction size from 1,232 bytes to 4,096 bytes. That 3.3x expansion removes a bottleneck that has forced developers to use awkward workarounds for years.
The upgrade, defined by two protocol proposals called SIMD-0296 and SIMD-0385, is designed to natively support zero-knowledge proofs, large multisig transactions, confidential transfers, and BLS signatures, all within a single transaction. Mainnet activation is confirmed for September 9, 2026.
What the V1 format actually changes Solana’s legacy transaction format capped payloads at 1,232 bytes. That’s fine for a simple token swap, but it’s painfully tight for anything involving cryptographic proofs or transactions requiring dozens of signers. Zero-knowledge proofs often produce payloads that simply couldn’t fit. Developers had to split operations across multiple transactions or build custom compression schemes.
The V1 format raises the ceiling to 4,096 bytes. SIMD-0296 handles the size limit increase itself, while SIMD-0385 defines the new v1 message format, which uses a 0x81 version byte and a config mask. One notable trade-off: Address Lookup Table (ALT) support has been removed in the new format. Legacy transactions remain fully supported, so nothing breaks for existing applications.
Timeline and developer tooling Local testing became available starting August 24, 2026, using Solana CLI v4.2+ and Surfpool v1.5+. The testnet activation followed in late August. The September 9 mainnet date gives developers roughly two weeks of testnet runway to catch bugs before the real thing.
Behind the scenes, the upgrade requires meaningful infrastructure work. RPC calls, indexers, and SDKs all need updates to handle the new transaction format. Wallet providers, block explorers, and analytics platforms will need to parse V1 transactions correctly, or risk displaying incomplete data to users.
Why bigger transactions unlock new use cases Confidential transfers, which allow token movements where amounts are encrypted but still verifiable, have been technically possible on Solana but constrained by the old size limit. With 4,096 bytes of headroom, these transfers can be packaged into single atomic transactions.
Large multisig wallets used by DAOs and institutional treasuries also benefit. A multisig requiring 20 or 30 signers could struggle to fit all the necessary signature data within the old 1,232-byte envelope. The expanded format accommodates these scenarios natively.
BLS signatures, a cryptographic scheme that allows multiple signatures to be aggregated into one compact proof, become practical within single Solana transactions for the first time. This has implications for cross-chain bridges and validator-set attestations.
Zero-knowledge proofs are arguably the biggest unlock. Fitting a ZK proof into a single transaction eliminates the need for multi-step verification flows that add latency and complexity.
Competitive positioning and what to watch The upgrade also runs parallel to other protocol enhancements Solana has been pursuing, including slot-time reductions and rent adjustments.
For developers evaluating where to build, the practical question is straightforward: does the new format actually work smoothly on testnet, and do the tooling updates land before mainnet goes live on September 9? Infrastructure providers that fall behind on SDK updates could create a bumpy experience for early adopters, even if the protocol layer performs flawlessly.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
September 2026 brings another significant round of token unlocks across the Solana ecosystem, with more than a dozen projects scheduled to release additional supply. The month's largest events include $TRUMP, $PUMP, $CARDS, and $YZY, while several other tokens continue predictable linear vesting schedules.
Here is a breakdown of the most notable Solana ecosystem token unlocks scheduled for September 2026.
$TRUMP The Official Trump token will release 28.271 million $TRUMP through linear vesting during September, valued at approximately $60.25 million. The unlock represents 10.35% of the circulating supply and 2.71% of the total supply.
This makes $TRUMP the month's largest unlock by dollar value. The token remains closely linked to the broader crypto business interests of U.S. President Donald Trump, adding another layer of market attention around the supply event.
$PUMP Pump.fun will unlock 6.875 billion $PUMP through linear vesting in September, valued at approximately $28.8 million. The release represents 1.73% of circulating supply and 0.82% of total supply.
September marks the third month of the project's recurring monthly distributions following the expiration of its original 12-month cliff in July.
$CARDS Collector Crypt will unlock 59.26 million $CARDS on September 29, valued at approximately $10.16 million. The release represents 6.35% of the circulating supply and 2.99% of the total supply.
The unlock follows Collector Crypt's confirmation of a major token buyback and burn. Last week, the team confirmed that it had accumulated a total of 22.49 million $CARDS, equivalent to around 5.4% of circulating supply, and subsequently burned the entire amount.
Collector Crypt also crossed $91 million in net revenue in August, less than 3 months after reaching $1 billion in total platform volume. Meanwhile, the $CARDS token turned 1 year old on August 29.
To mark those milestones, Collector Crypt plans to bring back its Gacha Games throughout September. The campaign will feature challenges, competitions, rewards, and other activities across the platform.
$GRASS Grass will unlock 17.13 million $GRASS across September 27, September 28, and ongoing daily vesting. The release carries an estimated value of $7.24 million and represents 2.53% of the circulating supply and 1.71% of the total supply.
The token enters September after spot trading for $GRASS launched on Coinbase on August 26. The new trading venue gives the token broader market access as Grass continues developing its DePIN network and community ecosystem.
$KMNO Kamino will unlock 229.17 million $KMNO on September 30, valued at approximately $5.51 million. The release represents 4.21% of the circulating supply and 2.29% of the total supply.
$KMNO’s unlock schedule produces a steady monthly unlock of approximately 229.16 million $KMNO, excluding other emissions such as community initiatives.
More than 8 billion $KMNO has already been unlocked, representing over 80% of the token's total supply. September's release therefore continues an established distribution pattern.
$CLOUD Sanctum will unlock 10.45 million $CLOUD through linear vesting during September, valued at approximately $207,600. The release represents 1.71% of circulating supply and 1.04% of total supply.
However, the token faces a potentially much larger supply change beyond the scheduled unlock. Sanctum, Solana's largest protocol by DeFi TVL, has proposed burning 259 million $CLOUD tokens. The proposed burn would reduce total supply by roughly 25%, from 1 billion to 741 million tokens.
Sanctum also plans to rename the token ticker from $CLOUD to $SANC. The proposal would not change the token address or its underlying tokenomics.
What to Watch September's unlock schedule centers on several sizeable supply events, with $TRUMP leading the month at approximately $60.25 million, followed by $PUMP at $28.8 million and $CARDS at $10.16 million.
Meanwhile, $GRASS enters the month after gaining Coinbase spot trading access. Sanctum may also introduce one of the month's most notable supply changes if its proposal to burn 259 million $CLOUD receives approval, potentially reducing total supply by roughly 25% before the planned transition to the $SANC ticker.
As always, token unlocks do not automatically determine price performance but provide only one part of the broader market picture. However, tracking the size of each release, its impact on circulating supply, and developments around each project can help investors better understand changing supply dynamics across the Solana ecosystem.
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Jupiter spustil Universal Deposit pro převod aktiv jedním kliknutím z podporovaných sítí na Solanu do USDC v peněžence. Podporuje mimo jiné Ethereum, Base, Arbitrum a Sui.
According to official announcements, Solana ecosystem trading aggregator Jupiter has launched its cross-chain deposit feature, Universal Deposit. Users no longer need bridging tools to send tokens from any supported chain to Jupiter, and will receive USDC directly in their Solana wallets. The feature automatically integrates routing, cross-chain bridging, and swap workflows, eliminating the need for users to switch networks or execute additional transactions. Currently, Universal Deposit supports asset deposits from networks including Ethereum, Base, Arbitrum, and Sui, with users able to complete operations using their existing wallets. The service applies a unified fixed rate, charging $0.30 per transaction regardless of the transfer amount—whether it is $100 or $10 million. Jupiter noted that the feature is designed to deliver a more convenient cross-chain asset transfer experience.
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ARK a Glassnode uvedly, že Bitcoin je podle studie nejdecentralizovanější sítí ze sledovaných tří. Ethereum skončilo uprostřed, Solana měla nejvyšší Nakamoto coefficient 19.
ARK Invest and Glassnode published a joint study on Sept. 1 that found three entities could cross the measured block-production thresholds for both Bitcoin and Ethereum, while Solana required 19.
Summary
Bitcoin reaches its 51% hash-rate threshold through three mining pools, according to the joint report. Ethereum requires three staking entities to exceed 33%, although pooled delegation complicates direct control assumptions. Solana’s Nakamoto coefficient is 19, but nearly all measured infrastructure operates inside commercial data centers. Bitcoin’s infrastructure is comparatively dispersed, with 63% of measured nodes operating anonymously through Tor networks. Ethereum hosts roughly 49% of execution-layer nodes in clouds, including 20% through Amazon Web Services. The 32-page report, titled The Decentralization Spectrum: Design Tradeoffs in Digital Assets, compares the networks across ownership, exit fluidity, verification costs, critical resilience, reconstruction costs and infrastructure distribution.
The findings do not mean three companies control Bitcoin or Ethereum. The metric counts mining pools and staking platforms as entities, even when the underlying hardware, stake or node operators belong to separate participants who may withdraw or redirect their resources.
Bitcoin’s three-pool threshold does not equal ownership The report applied a 51% hash-rate threshold to Bitcoin. Foundry USA represented 27.27% of the measured hash rate, followed by AntPool at 17.06% and F2Pool at 16.96%. Together, the three pools exceeded 61%.
This produced a Nakamoto coefficient of three, defined as the minimum number of measured entities needed to cross a network’s critical production threshold. ViaBTC controlled another 9.50%, while SpiderPool represented 5.82%.
Mining pools coordinate block construction and distribute rewards, but they do not necessarily own the machines producing their hash rate. Independent miners connect to pools to receive steadier income and can redirect their computing power elsewhere.
That mobility limits how closely pool concentration can be equated with permanent control. The report estimated a Bitcoin miner could switch a 1% hash-rate position in approximately 29 seconds. A coordinated attack or censorship attempt could prompt participants to leave the responsible pools.
Pools still influence transaction inclusion and ordering because they usually provide the block templates miners use. Pool concentration therefore represents an operational risk, even if it overstates the concentration of underlying mining ownership.
The issue is not new. Earlier crypto.news reporting found that two mining pools produced a majority of sampled Bitcoin blocks in late 2022. Pool shares have changed since then, but production continues to be concentrated among several large coordinators.
Ethereum crosses a lower threshold through pooled stake ARK and Glassnode applied a 33% stake threshold to Ethereum because participants controlling one-third of staked ETH can disrupt finality. This differs from Bitcoin’s 51% majority threshold, so the two coefficients do not describe identical powers.
Lido represented 23.04% of staked ETH in the report’s July data. Binance controlled 8.88%, and Kraken held 6.91%. Those three entities collectively represented approximately 38.8%, taking Ethereum above the selected threshold.
Lido is not a single validator. It distributes stake among multiple node operators, although those operators participate through a common protocol and governance framework. The report therefore treats Lido as shared infrastructure that aggregates economic weight rather than one machine or company directly controlling every validator.
Ethereum’s exit mechanics also restrict validator mobility. The report estimated that exiting a 1% position would take around 14.6 days under current conditions and as long as 55.6 days under heavy congestion. That is much slower than redirecting Bitcoin hash rate.
Client diversity provides another layer of resilience. The study placed Geth’s execution-client share at 34.88%, followed by Nethermind at 26.96% and Reth at 18.98%. Lighthouse represented 54.16% of consensus clients.
Different clients independently implement Ethereum’s rules, reducing the portion of the network exposed to one software defect. The relationship between Ethereum nodes and their software clients means validator concentration alone cannot describe the network’s full failure risk.
Solana’s 19-validator result comes with infrastructure costs Solana recorded the highest Nakamoto coefficient for the selected block-production threshold. The report found that 19 validators were needed to control more than 33% of delegated stake.
Figment was the largest individual validator at 3.78%, followed by Helius at 3.69%, Jupiter at 2.91%, Binance Staking at 2.81% and Ledger by Figment at 2.16%. The remaining 84.65% was spread across other validators.
One passage in the report says Solana requires 20 entities, but its chart, comparison table and published Glassnode summary all report a coefficient of 19. The table also says the figure increased from 18 in March 2026.
Solana’s validator distribution performed well on this particular measure, but its physical infrastructure was more concentrated. Approximately 100% of the infrastructure measured by the researchers operated in commercial data centers. About 68% was in Europe, while 21% was in North America.
TeraSwitch hosted 30.23% of measured stake, and the top two hosting companies served around 35.7%. Common infrastructure can create correlated failures even when the validator set contains many separate operators.
That risk became visible in August when 102 of 699 Solana validators stopped voting during a TeraSwitch routing problem. Solana continued processing transactions, but the episode showed how one infrastructure failure can affect multiple otherwise independent validators.
The report used Solana geographic data from November 2024, while most Bitcoin and Ethereum infrastructure data came from July 2026. That timing difference limits direct comparisons and leaves room for Solana’s distribution to have changed.
Bitcoin leads infrastructure resilience and auditability Bitcoin had the least expensive verification requirements in the study. The researchers estimated hardware for a full node at $289, compared with $730 for Ethereum and $21,478 for a Solana RPC node or validator-class configuration.
Its measured full-chain storage requirement was 753 gigabytes. Ethereum required approximately two terabytes for a full archive setup, while reconstructing Solana’s history was estimated at 480 terabytes because historical data is commonly offloaded to external providers.
Bitcoin also had the most distributed hosting profile. Only 16% of measured infrastructure operated in data centers, while 63% of nodes used Tor. Another 15% was residential or self-hosted.
Ethereum placed approximately 49% of execution-layer nodes in cloud environments and 45% in self-hosted settings. AWS alone hosted around 20%, while the top two providers accounted for approximately 27%.
Solana’s higher hardware and bandwidth demands reflect its focus on throughput. The tradeoff is that fewer ordinary users can independently recreate or verify the full network history using consumer equipment.
No single score settles blockchain decentralization The report ultimately ranked Bitcoin as the most decentralized of the three networks overall, followed by Ethereum and Solana. Bitcoin led in ownership distribution, auditability and geographic resilience.
Ethereum generally occupied the middle across the six dimensions. Solana scored strongly for its critical resilience threshold and validator participation but ranked lower for ownership distribution, verification accessibility and infrastructure diversity.
The methodology remains sensitive to how entities are grouped. Exchanges can hold tokens for many customers, mining pools aggregate independent miners, and staking protocols coordinate multiple operators. Wallet-size bands can likewise combine custodial assets belonging to thousands of users.
The comparison is therefore more useful as a map of separate concentration risks than as a definitive ranking. A network may distribute block production broadly while relying heavily on several hosting companies, software clients or governance organizations.
Future editions could improve comparability by using synchronized data dates, separating pools from underlying resource owners and distinguishing censorship thresholds from thresholds capable of rewriting finalized history.
FAQs Do three entities control Bitcoin? No. Three measured mining pools exceeded 51% of hash rate, but independent miners supply much of that computing power and can change pools.
Can three Ethereum platforms rewrite the blockchain? The report’s three-entity figure concerns the 33% stake threshold associated with disrupting finality. It does not represent the stronger two-thirds threshold needed for other consensus actions.
Why does Solana score 19? The 19 figure is the minimum number of validators whose combined delegated stake exceeds the report’s 33% threshold.
Which blockchain did the report rank as most decentralized? Bitcoin ranked highest overall due to its accessible verification, dispersed ownership and comparatively resilient geographic infrastructure.
According to an announcement by Japanese listed firm Remixpoint (ticker: 3825), the company sold all its altcoins on September 1—including Ethereum (ETH), Solana (SOL), XRP, and Dogecoin (DOGE)—for a total of 878.8 million yen, generating a profit of 117.8 million yen. Post-sale, Remixpoint’s only remaining cryptocurrency holding is Bitcoin (BTC), with approximately 1,506 BTC in reserves. Breakdown of the altcoin sales: 901.4467 ETH sold for 353.4 million yen, yielding a 60.2 million yen profit; 13,920.0726 SOL sold for 227.9 million yen, with a 49.3 million yen profit; roughly 1.1912 million XRP sold for 260.4 million yen, netting a 11.52 million yen profit; and approximately 2.8023 million DOGE sold for 37.08 million yen, incurring a 3.26 million yen loss. The company plans to recognize the ~118 million yen in sale proceeds in its second quarter results for the fiscal year ending March 2027. Remixpoint stated the portfolio adjustment is designed to further consolidate its crypto asset holdings, formalize its Bitcoin-centric investment and operational strategy, and boost capital efficiency. The sale proceeds will be considered for use in expanding assets in growth sectors such as grid-scale energy storage, strengthening its financial foundation, and other initiatives to enhance corporate and shareholder value. Additionally, the firm disclosed that between February 24, 2026, and August 31, it earned BTC lending income of 14.92055902 units, equivalent to approximately 164.2 million yen. As of August 31, its staking income from ETH and SOL combined totaled roughly 29.875 million yen.
Solana v srpnu zpracovala přes 5,2 miliardy non-vote transakcí, což je nový měsíční rekord a o 23 % více než v červenci. Analytik Ali Martinez vidí při udržení momenta cíl na 150 USD.
Solana (SOL) maintained its price near $101 after a month marked by notable gains, drawing attention from analysts who now see the potential for further growth in the coming weeks.
Price action and market trendsOn September 1, SOL fell 1.76% in 24 hours, trading at $101.30. This pullback did little to offset its overall performance for the previous month, during which Solana surged 40%. Over the past week, the token recorded an additional 5% gain.
Broader cryptocurrency markets posted mild losses, with total market capitalization slipping 0.65% to $2.62 trillion. Bitcoin continued trading below $78,000, Ethereum hovered near $2,430, and XRP sustained its price at approximately $1.36.
Investor attitudes reflected this cooling trend, as the Fear and Greed Index edged down from 80 to 74 after the market’s 21% monthly advance. Some market watchers interpreted this as a slight pullback in optimism rather than a shift to bearish sentiment.
Analyst forecasts and technical outlookCryptocurrency analyst Ali Martinez urged traders to move away from a negative stance on Solana, highlighting emerging bullish signals in the token’s technical structure. Martinez pointed to recent trends as an early indication of a potential price breakout, suggesting a new target of $150 could be attainable in September if current momentum holds.
Ali Martinez told investors to “stop being bearish on Solana $SOL,” emphasizing that the technical setup is shifting toward a bullish direction and suggesting it was time for traders “to lock in before the next major move.”
Martinez and other analysts cited the need for SOL to secure support at $100 and then overcome resistance at $110 and $120. A successful breach above $120 would likely open the way to test $130 before aiming for the $150 goal. However, losing the $100 support could see price unwind toward the $95 region.
Technical indicators offered mixed messages: the Relative Strength Index stood at 40.56, suggesting it was above oversold territory, while the MACD remained slightly negative, hinting at potential sideways price action in the near term.
Solana-focused ETFs see rising demandSolana-based exchange-traded funds (ETFs) saw significant inflows in August. On August 31, net capital entering these funds reached $925,000 in a single day, all channeled into Fidelity’s FSOL product. Assets under management for Solana ETFs collectively grew to $1.44 billion, accounting for roughly 2.4% of Solana’s total market capitalization since launch. Combined trading volume from all seven Solana ETF products reached $67.55 million.
Fidelity, which manages the FSOL ETF, is a global financial services corporation known for expanding its exposure to digital assets through ETF offerings.
Mini dictionary: Solana ETFs, exchange-traded funds holding SOL or Solana-related assets, allow investors indirect exposure to the token through traditional financial markets.
ETF ProviderRecent Daily InflowsTotal AUMTrading Volume (Since Launch)Fidelity FSOL$925,000$1.44 billion$67.55 millionRecord surge in Solana network activityIn August, Solana processed over 5.2 billion non-vote transactions, a new monthly peak and a 23% increase compared to July’s 4.24 billion. Data from Blockworks showed this represents more than double the network activity recorded 18 months ago.
Non-vote transactions capture end-user applications and genuine network use, excluding validator maintenance functions. This strong uptick is widely seen as a signal of expanding activity among both developers and users.
The total supply of stablecoins circulating on the Solana network climbed to $14.7 billion in August, nearly triple the $5 billion figure reported one year earlier.
These milestones followed Solana’s first validator governance vote, where two out of three proposals received approval. Among the outcomes was a measure that will accelerate the annual reduction rate of newly issued SOL tokens, effectively halving emissions each year.
Bitwise v srpnu získal 1,27 milionu SOL v čistých stakingových přílivech a jeho validátor se posunul na páté místo v síti Solana. Aktivní stake vzrostl na zhruba 9,455 milionu SOL.
Bitwise’s Onchain Solutions validator pulled in 1.27 million SOL during August, vaulting it to the fifth-largest validator on the Solana network. The influx pushed the validator’s total active stake to approximately 9.455 million SOL, up from around 8.3 million SOL in mid-July when it sat at rank six.
Most of that growth traces back to a single product: Bitwise’s BSOL ETF, which stakes nearly all of its Solana holdings through the same validator. The fund crossed $1 billion in assets under management by late August, becoming the first Solana ETF to hit that mark.
BSOL’s dominance in the Solana ETF race The BSOL ETF launched on October 28, 2025, with a straightforward pitch: buy SOL exposure and earn staking yield on top of it. The fund targets 100% staking of its holdings, with roughly 96% of its 9.33 million SOL actively staked at a net yield of approximately 5.8% after fees.
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BSOL has captured somewhere between 77% and 80% of all US spot Solana ETF inflows since launch. On August 27 alone, the fund saw $60.91 million in single-day inflows, its peak for the month. Total inflows across all US spot Solana ETFs have exceeded $1.3 billion since the category debuted.
How Bitwise built the infrastructure Bitwise acquired Chorus One in February 2026, a move that significantly expanded its staking operations across multiple blockchain networks. Chorus One brought established infrastructure and operational expertise in running validators at scale, giving Bitwise the backbone to handle the kind of delegation growth that followed.
The jump from 8.3 million to 9.455 million SOL in active stake over roughly six weeks represents a 14% increase.
A shrinking validator set raises concentration questions Active validators on the network have declined approximately 34% year-over-year, a trend driven primarily by rising operational costs that make it uneconomical for smaller operators to continue running nodes.
Solana’s roughly 46% price appreciation during August provided a tailwind that amplified the dollar value of staking inflows.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
DeFi Development Corp. nabízí 2,2 milionu preferenčních akcií za 9 USD za kus a většinu výtěžku chce použít na nákup SOL. Firma nedávno přikoupila zhruba 19 000 SOL a drží přibližně 2 333 432 SOL a ekvivalentů.
In brief DeFi Development Corp. is offering 2.2 million preferred shares at $9 each. CEO Joseph Onorati said most of the proceeds are expected to fund SOL purchases. The company recently bought 19,000 SOL, increasing its treasury to 2.33 million SOL and equivalents. Solana treasury firm DeFi Development Corp. has launched a preferred stock offering that could raise $19.8 million, with most of the proceeds expected to fund SOL purchases.
DeFi Development Corp. is a publicly traded company listed on the Nasdaq under the ticker DFDV. It has adopted a treasury strategy centered on accumulating and staking SOL.
Myriad: Where does Solana price go next? Click to make your prediction.According to CEO Joseph Onorati, the company intends to use the net proceeds from the offering for general corporate purposes, including for working capital and the acquisition of SOL.
“Intended use of proceeds are outlined in the prospectus, but we expect to buy SOL with most of the proceeds,” he told Decrypt.
The Nasdaq-listed company is offering 2.2 million shares of Variable Rate Series C Perpetual Preferred Stock at $9 each, according to a preliminary prospectus. It has applied to list the shares under the ticker CHAD.
The prospectus lists working capital, SOL and other digital asset investments, strategic transactions and growth initiatives as possible uses of the proceeds. It does not specify how much will go toward each purpose.
The company said last week that it had purchased approximately 19,000 SOL at an average price of $98.14. The acquisition brought its holdings to about 2,333,432 SOL, worth about $236 million.
1/ Let the $SOL accumulation resume! 🟠
Today, we announce that we've acquired ~19K $SOL, bringing treasury holdings to ~2.333M SOL.
Quarter-to-Date:
🔸 $SOL beat Nasdaq-100 by 33%
🔸 $DFDV outperformed SOL by 1.8x
More $SOL, even more amplified exposure. pic.twitter.com/TKk142byRZ
— DeFi Dev Corp. (DFDV) (@defidevcorp) August 27, 2026
Proceeds from the sale of DFDV’s ZeroStack position partially funded the purchase, according to a company press release. DFDV plans to retain the tokens as a long-term treasury asset and deploy them through its staking and on-chain infrastructure.
Along with holding SOL, the company operates its own Solana validators. That allows it to earn staking rewards and fees from delegated tokens. It also participates in decentralized finance projects built on Solana.
Onorati said DFDV is designed to give shareholders leveraged exposure to SOL. He pointed to the company’s trading volume, SOL holdings and staking income as central parts of that strategy.
“Our equity has become one of the most liquid ways to express that view within the SOL DAT category, while our treasury continues to generate differentiated organic yield,” he said in a statement at the time. “When SOL performs well, we believe DFDV has the potential to amplify that performance.”
DFDV said its returns were more than double SOL’s month-to-date and 1.8 times SOL’s quarter-to-date, which the company attributed to its leveraged exposure, trading liquidity, and treasury yield.
On several days that week, DFDV recorded the category’s highest absolute dollar trading volume, the company said. It also led in trading volume as a percentage of market capitalization.
If completed, the preferred-stock offering would give DFDV more money to continue buying SOL.
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Soud zamítl všechny nároky vůči Solana Labs a Solana Foundation v žalobě týkající se Pump.fun. Případ pokračuje už jen jako spor podle RICO proti Baton Corporation a třem zakladatelům.
A federal judge has dismissed all claims against Solana Labs, the Solana Foundation, and the named executives connected to them in the Pump.fun class action lawsuit.
Judge Colleen McMahon of the U.S. District Court for the Southern District of New York issued the 79-page ruling on August 31, granting defendants’ motions to dismiss in part and denying them in part. The decision leaves a narrower case focused on Pump.fun operator Baton Corporation Ltd. and its 3 founders, Alon Cohen, Dylan Kerler and Noah Tweedale.
The lawsuit began in January 2025 after plaintiffs alleged that Pump.fun facilitated a scheme that favored insiders through advance token positions, coordinated promotion and subsequent selling into retail demand. Plaintiffs estimated that retail traders collectively lost between $4 billion and $5.5 billion trading Pump.fun tokens.
$FRED and $GRIFFAIN Fail the Securities Test The ruling also rejected the plaintiffs’ Securities Act claims involving the 2 tokens they actually purchased, $FRED and $GRIFFAIN.
Judge McMahon did not rule that memecoins can never qualify as securities. Instead, she found that the complaint failed to establish a "common enterprise" under the Howey test.
The plaintiffs argued that $SOL deposited into each token’s bonding curve created a common pool. The judge disagreed, finding that the bonding curve did not connect investors to an underlying venture whose success or failure determined their collective fortunes. Early buyers could profit by selling to later buyers, while later purchasers could lose when demand declined.
The court dismissed the securities claims involving $FRED and $GRIFFAIN with prejudice. Claims involving the other 18 tokens failed because the named plaintiffs lacked class standing to pursue tokens they had not purchased.
That distinction matters. The ruling does not establish that all memecoins fall outside securities laws. It addresses the specific allegations surrounding $FRED and $GRIFFAIN, which were the tokens the plaintiffs actually purchased.
Pump.fun Still Faces RICO Claims The decision leaves the most consequential part of the lawsuit alive. The plaintiffs can continue pursuing substantive RICO and RICO conspiracy claims against Baton, Cohen, Kerler and Tweedale. The court found that the plaintiffs adequately pleaded wire-fraud allegations and a direct connection between the alleged conduct and transaction-fee losses.
The gambling theory did not survive. Judge McMahon concluded that buying and selling memecoins, although risky, does not constitute placing a bet under New York law.
The ruling also rejected the RICO claims against the Solana Defendants. The court found no adequately pleaded predicate racketeering act by Solana Labs, the Foundation, or their named executives.
Discovery and the September 10 Deadline The case now moves forward primarily as a RICO dispute against Pump.fun's operator and its 3 founders. Plaintiffs previously obtained nearly 5,000 internal chat messages and amended their complaint using that material.
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The court also ordered the plaintiffs to explain why 25 unidentified Lead KOL defendants should not face dismissal. They have until September 10 to identify any defendants they have located, explain their efforts to serve them, and identify any discovery they need to determine their identities. Failure to respond could lead to dismissal of those claims.
Pump.fun Keeps Building The ruling arrives as Pump.fun continues expanding its product. The memecoin launchpad announced the introduction of limit orders on Solana on its mobile app, including take-profit and stop-loss functionality. Co-founder Alon lauded it as “the FIRST memecoin trading mobile app that supports limit orders”, adding that EVM-chain support for limit orders would follow.
The pump.fun mobile app has consistently hit new all-time highs in daily active app traders, according to Sapijiju, another pseudonymous co-founder of pump.fun. He also reported that the app crossed 100,000 daily active users this week, highlighting the platform's continued growth, which has amassed over $1.4 billion in lifetime revenue.
The legal fight therefore narrows, but it does not disappear. Solana has exited the claims against it, the securities theory has collapsed for the 2 tokens at issue, and the gambling theory has failed. The remaining RICO allegations against Pump.fun and its founders now face discovery, where the parties will have to test the allegations against evidence before going to trial.
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Solana AMM Aquifer přišel při exploitu zhruba o 2,5 milionu USD a nabízí útočníkovi 20% bounty za vrácení většiny prostředků. Podle projektu šlo o kompromitované peněženky na Solaně i Ethereu.
Solana-based automated market maker Aquifer has lost roughly $2.5 million in an exploit involving wallets on Solana and Ethereum, with the protocol offering the attacker a 20% bounty for returning most of the funds.
Summary
Solana based AMM Aquifer lost roughly $2.5 million in an exploit involving attacker addresses on Solana and Ethereum. Aquifer offered the attacker a 20% whitehat bounty if at least 80% of the assets are returned by Sept. 3. The exact point of compromise remains unclear, with no technical post mortem yet establishing how access to the affected wallets was obtained. Available information has not established that Aquifer’s smart contracts were exploited, leaving compromised wallet access as the main focus of the incident so far. Blockchain security monitoring service Defimon reported the attack on Aug. 31, identifying separate Solana and Ethereum addresses controlled by the suspected exploiter. Aquifer later sent an on-chain whitehat offer seeking the return of at least 80% of the assets linked to the incident.
The offer gives the attacker until Sept. 3 at 14:00 UTC to transfer the assets, or their equivalent value, to recovery addresses provided by Aquifer. The person controlling the wallets may retain up to 20% of the funds as a whitehat bounty if the conditions are met.
Aquifer said it would not pursue civil claims arising from the exploit if the attacker complies with the terms, subject to applicable law. The agreement would not bind law enforcement agencies, regulators, sanctions authorities or other government bodies.
Aquifer exploit involves wallets on two chains Aquifer operates as a proprietary automated market maker on Solana, where its liquidity is used to facilitate token swaps. DefiLlama describes the protocol as a prop AMM and currently lists its total value locked at around $2.8 million.
The addresses identified after the exploit show activity spanning Solana and Ethereum. Defimon linked the Solana address 7fTe9pvrwXJRBHq9MaSyVPR4PgEuhqLiA93Dxf4gRk7J and Ethereum address 0x2Dfe9e969796e2797278b02761dd9Ad6aE922746 to the attacker.
Aquifer’s whitehat message was authorized through the protocol’s Solana upgrade authority and published on-chain. The project supplied separate recovery addresses for Solana and Ethereum, allowing assets associated with the attack to be returned on either network.
Public information has not yet established exactly how the wallets were compromised. No technical post-mortem has been released explaining whether private keys, administrator credentials or another part of Aquifer’s operational infrastructure was exposed.
Available information similarly does not establish that Aquifer’s smart contract code was exploited. The use of addresses across Ethereum and Solana provides a trail for investigators tracking the assets, but does not by itself identify how access to the affected funds was obtained.
The incident follows several Solana-related attacks this year where the point of compromise was outside the underlying blockchain.
Solana protocols have faced different attack methods In June, crypto.news previously reported that five legacy liquidity pools belonging to Raydium lost roughly $1.3 million after an attacker targeted retired AMM infrastructure.
On-chain investigator Specter said the Raydium attacker used a fake mint address to bypass validation checks in an older AMM program. The stolen assets included roughly 150,177 RAY, 5,603 SOL and 893,700 USDC.
Raydium said its active pools and current users were unaffected because the vulnerable infrastructure had already been phased out. The protocol committed to reimbursing the affected assets from its treasury.
A separate July incident involving Across Protocol produced losses of less than $4 million after an attacker fabricated Solana deposit events. The attacker created 1,627 fake deposits with a combined stated value of $41.7 million and requested payouts across 18 destination chains.
Risk Labs’ relayer processed 581 of the fraudulent requests before Solana operations were suspended, advancing approximately $4.5 million of its own capital. Around $500,000 belonging to the attacker remained trapped, bringing the net loss below $4 million.
Across later said the Solana attack stemmed from a flaw in Risk Labs’ off-chain event-reading software and not a vulnerability in its smart contracts or the Solana network. Legitimate user transfers were completed or refunded.
Operational security failures have produced losses elsewhere without attackers needing to exploit smart contract logic.
Wallet access has become a major attack route Stablecoin payments company Triple-A confirmed in July that unauthorized access to its treasury wallets resulted in the theft of company-owned digital assets. On-chain researchers initially tracked suspicious withdrawals across Ethereum, Solana, TRON and TON, with some reports identifying activity on Polygon and Arbitrum.
Triple-A later said client funds remained unaffected because customer assets were segregated from the compromised treasury infrastructure. Researchers had estimated the loss at roughly $11.8 million before the company confirmed the breach.
The company did not disclose whether the attacker obtained private keys, credentials or another form of access. Triple-A said cybersecurity specialists and Singapore police were working on the investigation and asset tracing.
Private key and wallet compromises have accounted for a substantial portion of crypto thefts in 2026. CertiK reported in July that digital asset losses reached $1.32 billion during the first half of the year, down 46.8% from the same period in 2025.
Despite the lower total, the security firm said wallet compromises became the largest attack method during the second quarter, replacing phishing as the main source of losses.
Another Solana project, Step Finance, ultimately shut down its operations after an attack earlier this year targeted devices used by members of its executive team. Attackers gained access to treasury and fee wallets and moved approximately 261,854 SOL, while later estimates placed total losses across affected assets near $40 million.
Investigators determined that Step Finance’s smart contracts were not the point of entry. Compromised endpoints allowed the attackers to access wallets used by the project, and the financial damage later contributed to the decision to wind down the platform.
A similar distinction will depend on Aquifer publishing more details about its own breach. The protocol has not released a post-mortem identifying the initial point of access, the specific credentials involved or whether one compromised account provided control over multiple wallets.
For now, Aquifer’s recovery process centers on its whitehat proposal. The attacker has been offered the right to retain up to 20% of the assets associated with the exploit if at least 80% is returned to the designated recovery addresses by Sept. 3 at 14:00 UTC.
GMTrade spustil na Solaně 24/7 perpetual futures na komodity včetně zlata (XUG), stříbra (XAG) a ropy WTI. Ceny pohání Chainlink Data Streams v reálném čase.
Traditional commodity markets close. Gold doesn’t care. Neither does oil. Yet for decades, traders have been locked out of positions during evenings, weekends, and holidays while prices kept moving without them.
GMTrade, the Solana-native perpetuals exchange that has quietly become one of the chain’s largest trading venues, just removed that constraint entirely. The platform launched 24/7 perpetual futures trading for commodities including gold (XUG), silver (XAG), and WTI crude oil, powered by Chainlink Data Streams for real-time pricing.
From GMX fork to Solana heavyweight GMTrade’s backstory matters for understanding why this launch is significant. The platform started life as a GMX DAO-authorized deployment on Solana back in March 2025, rebranding to GMTrade in November 2025 while maintaining the underlying GMX V2 mechanics tailored for Solana’s efficient parallel execution.
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Since then, the growth trajectory has been steep. GMTrade has facilitated over $142B in total trading volume. At its peak in May 2026, the platform recorded $51.73B in 30-day trading volume, representing approximately 74% of all perpetual DEX volume on Solana during the same period.
The platform currently supports more than 60 markets with leverage options stretching up to 500x.
Why Chainlink Data Streams matter here Running perpetual futures for crypto assets is one thing. The prices originate on-chain, the reference data is abundant, and latency tolerance is relatively forgiving. Commodities are a different beast.
Gold, silver, and oil prices are determined across dozens of global exchanges, OTC desks, and physical markets that operate on different schedules and in different time zones. To offer 24/7 trading on these assets, you need a pricing oracle that can deliver high-integrity, low-latency data even when the underlying spot markets are closed or thinly traded.
That’s where Chainlink Data Streams come in. Rather than relying on periodic price updates pushed on-chain, Data Streams provide pull-based oracle infrastructure. The exchange requests fresh price data exactly when it’s needed, at the moment a trade executes. This reduces the window for stale pricing and front-running, two problems that have historically plagued on-chain derivatives platforms.
The bigger picture: real-world assets meet DeFi leverage These aren’t tokenized commodities in the traditional sense. These are synthetic perpetual contracts, financial instruments that track the price of an underlying asset without requiring ownership of it.
GMTrade operates without a dedicated governance or utility token. Instead, the platform uses a GT points system to reward active traders.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana just had its busiest month ever. The network processed 5.2 billion non-vote transactions in August, a figure that would have seemed wildly optimistic at the start of the year and now just looks like Tuesday.
Non-vote transactions are the ones that actually matter for measuring real usage. Validator votes, which keep the network in consensus, get stripped out of this count. What remains is a direct read on how many users, apps, and protocols are actively doing things on the chain.
What drove the numbers The catalyst was the SIMD-0286 upgrade, activated on July 29. It raised the maximum compute limit per block from 60 million to 100 million compute units, a 66% increase, without adding any time to block production.
The practical effect showed up immediately. Daily non-vote transactions peaked at 171.9 million on August 10, pushing throughput close to 2,000 transactions per second. The week of August 17-23 alone accounted for 1.318 billion non-vote transactions, the fourth consecutive week above the 1 billion mark.
For context, July finished with 4.2 billion non-vote transactions, itself up 91% from December 2025.
The network also activated 300-millisecond slot times in epoch 1024 on August 28, compressing the time between blocks and opening the door to even higher throughput ceilings.
DeFi activity contributed meaningfully, with daily volume frequently running between $4 billion and $8 billion. Memecoins and tokenized real-world assets added further transaction density.
Institutions are paying attention US spot Solana ETFs pulled in $1.34 billion in August alone.
SOL’s price climbed 46% during the month, its first positive monthly return in ten months.
Fee revenue also moved. The seven-day average reached approximately 9,200 SOL by late August, an 80% increase over three months.
On the governance side, the SGP-0002 proposal passed on August 28 with over 67% support. The measure reduces the SOL supply by 18.9 million tokens over six years by redirecting a portion of inflation.
What this means for Solana’s competitive position Solana has spent the better part of two years working to outlive the narrative that it is unreliable. Outages in 2021 and 2022 gave critics a durable talking point, and the FTX collapse in late 2022 added association risk that had nothing to do with the protocol itself.
The SIMD-0286 upgrade and the slot time compression suggest the network is now competing on architectural sophistication, not just speed and price. Higher compute limits per block allow more complex transactions, which is the territory where serious DeFi protocols and institutional applications live.
The risks are real and worth naming. Transaction volume driven partly by speculative assets is not the same as transaction volume driven by settled, productive economic activity. If memecoin trading volumes contract, the raw numbers will follow. And any network outage, however brief, would hand critics exactly the narrative they have been waiting to revive.
Fee revenue growth and sustained ETF inflows will be the metrics to watch in September. If non-vote transactions hold above 4 billion for a third consecutive month and fees continue trending upward, the August record starts to look less like a spike and more like a new baseline.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Securitizeův tokenizovaný high-yield fond HINC je nyní na Loopscale na Solaně použitelný jako zástava pro půjčky v USDG. Jde o první takový kreditní fond na tomto onchain lending trhu.
Eligible investors can now borrow USDG against a fund holding high-yield corporate bonds and CLO tranches, collateral whose value moves daily with credit spreads.
Securitize's tokenized high-yield credit fund is live as collateral on Loopscale, letting eligible investors borrow the USDG stablecoin against their shares without redeeming the position.
That puts sub-investment-grade corporate credit into an onchain lending market whose collateral has been almost entirely Treasuries, government money-market funds and investment-grade paper. The fund's net asset value moves with credit spreads and rating migrations, which means Loopscale is underwriting a mark that can fall — on an asset only allowlisted wallets are permitted to hold.
The Neuberger Securitize High Income Tokenized Fund, ticker HINC, launched Aug. 18 on Avalanche, Ethereum, Solana and Sui. It holds mostly high-yield corporate bonds, with the balance in CLO tranches, bank loans and other high-yielding fixed income; the CLO sleeve can run anywhere from zero to 30% of the portfolio. Neuberger Berman Investment Advisers is sub-adviser, and the firm managed $613 billion as of June 30. Minimum subscription is $100,000, the total expense ratio is 0.60% a year, and shares go only to accredited investors and qualified purchasers who clear Securitize's onboarding.
"Treasuries were a natural starting point for bringing traditional assets into DeFi, but they shouldn't be the endpoint," said Carlos Domingo, co-founder and CEO of Securitize. "HINC expands the opportunity into institutional credit."
Third Asset on LoopscaleHINC is the third Securitize product to reach the protocol. Apollo's tokenized credit fund ACRED has been usable as collateral there since late 2025, with USDG subscriptions added in January, and Securitize's own NYSE-listed stock SECZ went live as collateral on Aug. 20.
Loopscale holds $91.3 million in total value locked and $55.9 million in active loans, up 7.1% over 30 days and ranked 27th among lending protocols by DefiLlama. On Solana it sits an order of magnitude behind Kamino Lend at $1.25 billion and Jupiter Lend at $1.07 billion. It was exploited for $5.8 million in April 2025, two weeks after its own launch, and got the funds back after agreeing a bounty with the attacker.
Its markets are fixed-rate and fixed-term, with the borrower setting collateral, rate, loan-to-value and duration. Liquidations are partial: the protocol sells enough of a position to bring the loan back to health and leaves the rest.
"HINC adds a fundamentally different type of collateral to Solana credit markets," said Mary Gooneratne, co-founder of Loopscale. "Supporting an actively managed high-yield strategy demonstrates how onchain lending can extend beyond crypto-native assets and short-duration instruments."
Daily NAV, One SourceRedStone prices HINC on Solana, Ethereum and Avalanche using its Trusted Single Source Oracle standard, which takes the administrator's daily NAV and publishes it onchain in signed, timestamped, chained form so a protocol can verify the figure came from the administrator unaltered. Loopscale uses that feed to value the collateral and trigger clearing events.
"Bringing more complex financial assets into onchain lending markets requires dependable valuation infrastructure," said Marcin Kaźmierczak, co-founder and COO of RedStone.
The design question a NAV-priced credit fund poses is the opposite of the one crypto collateral poses. There is no intraday gap risk, because NAV is struck once each business day. What the market needs instead is a guarantee that a position can be unwound within a bounded number of business days at or near the published mark.
USDG's Solana FloatThe borrowable side is USDG, issued by Paxos Digital Singapore under Monetary Authority of Singapore regulation and distributed through the Global Dollar Network. Supply stands at $3.26 billion, of which $610.7 million sits on Solana, down 6.1% over the past month. Securitize, a member of the network, has enabled on- and off-ramping between HINC and USDG.
"Stablecoins provide an important liquidity layer for tokenized real world assets," said Peter Jonas, chief revenue officer at Paxos.
Treasuries Sit IdleSecuritize's argument that tokenized assets are barely used as DeFi collateral holds up, with a wrinkle. Tokenized real-world assets excluding stablecoins carry about $34.1 billion in onchain market value across 217 issuers, and $3.8 billion of that is active in DeFi, according to DefiLlama, or roughly 11%.
The idle share sits overwhelmingly in the Treasury products. BlackRock's BUIDL, the largest tokenized money-market fund at $2.79 billion, has $17.7 million deployed in DeFi, a utilization rate of 0.63%. Franklin Templeton's BENJI and iBENJI show zero. Credit is where the collateral demand already is: Centrifuge's Janus Henderson Anemoy AAA CLO Fund, the tokenized CLO strategy Resolv looped on Aave Horizon in February, runs at 97.8% utilization, Maple's syrupUSDT at 88.3% and Hastra's PRIME at 62.7%.
The March 2020 NumberSecuritize published HINC's risk figures itself, in a governance filing submitted to Aave on Aug. 18. Using an illustrative index blend of 70% ICE BofA US High Yield Constrained and 30% J.P. Morgan CLOIE Post-BB run from July 2016 to July 2026, the strategy returned 7.21% annualized, lost 18.25% in its worst month of March 2020, and fell 8.97% in calendar 2022 with a 13.20% drawdown inside that year. An instantaneous 200 basis-point widening in spreads takes roughly 7% to 9% off NAV; 400 basis points takes 14% to 18%.
The strategy is short interest-rate duration but carries three-and-a-half to four-and-a-half years of spread duration. "This is not a low-volatility asset," Securitize wrote, and the March 2020 figure "should be treated as the governing stress case."
The fund has no operating history. Investors face a 24-hour lock-up and daily redemption requests against a portfolio that can take days to sell, and Securitize said plainly that "the 24-hour lock-up does not reflect practical liquidity." The CLO sleeve carries structural leverage of roughly six to eight times at the BB level.
Still Pending at AaveThat filing asked Aave Horizon to accept HINC on Ethereum as supply-only collateral, with USDC, GHO and RLUSD borrowable against it. Two weeks on, it had not reached a Snapshot vote or drawn a published risk assessment. It still needs a technical assessment, a LlamaRisk review, evidence that liquidators have been onboarded, a vote and a final Aave Improvement Proposal.
A forum comment posted Aug. 30 questioned whether the proposed liquidation backstop of 3% to 5% of borrowed TVL covers a four-business-day stress window, flagged inconsistent naming of the oracle provider, and pressed on who compensates stablecoin suppliers when a legally frozen position cannot be liquidated but keeps accruing debt.
On the oracle point, Securitize's Aave filing names a Chainlink NAV feed wrapped in LlamaGuard dynamic bounds as the primary source for Ethereum, while listing RedStone among external dependencies. Loopscale's markets are configured per collateral without a token-holder vote, which is why the Solana venue is live first.
The $270 Billion CaseSecuritize's announcement leans on a Standard Chartered projection that assets deployed in DeFi reach $2.7 trillion by 2030, and reasons that tokenized assets at 10% of that market would put roughly $270 billion to work onchain. The arithmetic is the company's own, and Securitize disclosed in the Aave filing that it is the tokenization platform, transfer agent and investment adviser for HINC with "a direct commercial interest" in the listing.
What the Loopscale launch tests first is smaller and more concrete: whether a lending market can hold collateral that only allowlisted wallets can touch, liquidate it inside a T+1 redemption window, and price a mark that moves on credit spreads no borrower can see coming.
Spotové Solana ETF v USA zaznamenaly sedmý týden čistých přílivů v řadě, přičemž za posledních sedm dní přiteklo přes 1,2 milionu SOL v hodnotě asi 120 milionů USD. Zároveň počet peněženek s alespoň 10 000 SOL vzrostl za týden o 52.
Key Highlights SOL experienced an 8.31% decline from $110.50 to approximately $100.40 starting August 26 52 additional whale wallets emerged in the last week, each holding 10,000+ SOL Spot Solana ETFs in the United States recorded seven consecutive weeks of capital inflows, adding 1.2 million SOL (~$120M) in the most recent week SOL balances on centralized exchanges decreased by 4.91%, indicating a shift toward long-term holding strategies The Double Disinflation governance proposal succeeded, increasing the yearly disinflation rate from 15% to 30% Solana has experienced a significant pullback in recent trading sessions, yet beneath the price action lies a compelling narrative of network strength and institutional confidence. Multiple on-chain metrics reveal increasing adoption, sustained institutional investment, and a blockchain operating at unprecedented capacity.
Solana (SOL) Price Beginning August 26, SOL declined 8.31%, sliding from $110.50 down to approximately $100.40, as reported by crypto analyst Ali Charts.
Even as prices retreated, Solana’s blockchain has generated an average of approximately 9.5 million new wallet addresses daily throughout the previous week. This expansion rate indicates that new participants continue joining the ecosystem rather than exiting during the downturn.
2/7 While $SOL has pulled back 8.31% from $110.50 to $100.40 since August 26, network growth remains strong.
Over the past week, Solana has averaged 9.5 million new addresses per day. Sustained network expansion is a key measure of adoption and has historically preceded major… pic.twitter.com/XemL1eS5OK
— Ali Charts (@alicharts) August 31, 2026
Large holder activity has intensified noticeably. Wallets containing 10,000 SOL or more increased by 1.58%, representing the addition of 52 new whale-tier addresses in just seven days. When substantial holders accumulate positions, it typically reduces the circulating supply available for active trading.
Institutional Investment Maintains Momentum Institutional participation has demonstrated remarkable consistency. Spot Solana exchange-traded funds in the United States have experienced positive inflows for seven straight weeks. During the latest seven-day period, more than 1.2 million SOL entered these investment vehicles, representing approximately $120 million in value.
🐋 WHALE WATCH :$88.1M in $SOL ETF exposure.
Goldman Sachs is officially the largest known institutional holder of spot Solana ETF according to new 13F filings.
Smart money isn't ignoring the fastest chain in crypto anymore. The TradFi bid is real and its expanding beyond… pic.twitter.com/48NW2P7xwv
— Whale Factor (@WhaleFactor) August 28, 2026
Concurrently, the volume of SOL held on cryptocurrency exchanges contracted by 4.91%. Approximately 2.6 million SOL tokens exited exchange platforms throughout the past week, suggesting investors are transferring assets to self-custody solutions or preparing for extended holding periods.
Cryptocurrency analyst CryptosBatman shared on X that SOL has successfully broken free from a significant accumulation pattern, identifying the $83–$85 range as a critical support zone for retesting. According to his analysis, maintaining support in this region could propel SOL toward $150 and potentially higher.
From a technical perspective, $103 represents the crucial support threshold. Approximately 39 million SOL was acquired near this price point, establishing it as a robust zone where buying pressure is expected to materialize.
Should SOL defend the $103 level and gain upward momentum, resistance zones exist around $123 and $132, where roughly 20 million SOL changed hands previously. A decisive breakthrough above both levels could clear the pathway toward $150.
Network Fee Revenue Reaches New Peaks On the blockchain infrastructure front, Solana’s fee generation climbed to a seven-day average of nearly 9,200 SOL on August 27, representing an increase exceeding 80% compared to three months prior.
Non-vote transactions achieved a record 191 million on a seven-day measurement, up from merely 88 million during the same period last year. Jito validator tips averaged 2,073 SOL daily last week, marking a 26% week-over-week increase.
A significant governance decision was finalized on Friday. The Double Disinflation proposal, designated SGP-0002, passed with 67.001% community approval. This measure doubles the annual disinflation rate from 15% to 30%, eliminating approximately 18.9 million SOL from projected supply calculations over a six-year timeline.
Staking rewards are projected to decline from approximately 5.25% to 2.25% by the third year. Smaller validators dependent on inflation-based revenue may face profitability challenges, though typical users should experience no perceptible impact on network performance or transaction costs.
Non-vote transaction volume on Solana currently stands at an all-time peak of 191 million measured on a seven-day rolling average.
Tokenizovaná aktiva na veřejných blockchainech dosáhla k 3. srpnu hodnoty 37,29 miliardy USD bez stablecoinů. SEC zároveň vymezila tokenizované cenné papíry podle toho, zda jsou navázané na oficiální vlastnický záznam.
How big is the tokenization market? Well, it’s big enough that the grand machinery of capital markets is now flooding in. Some of the key stats from 2026 show the shocking scale of growth in tokenized assets.
Tokenized RWAs reached $37.29 billion on public blockchains as of August 3, excluding stablecoins. Treasury and money-market products accounted for $16.16 billion, roughly 43% of the total. Commodities stood at $4.60 billion, while equities and ETFs reached $2.16 billion. Types of Tokenized Real-World Assets By Category. Source: On-Chain Finance What’s more, US regulators are beginning to draw firmer lines. In January, SEC staff divided tokenized securities into issuer-sponsored products and third-party-created versions.
An issuer can integrate distributed-ledger technology into its “master securityholder file,” allowing an on-chain transfer to move the security on the official register, while third-party structures can leave legal ownership recorded elsewhere and give the token holder a separate entitlement.
BeInCrypto spoke to Eva Meng, Head of Matrixdock, Myles Harrison, Chief Product Officer at AMINA Bank, Billy Miller, COO of Securitize, and Roshan Robert, CEO of OKX US, about tokenization’s real battleground.
Ownership Begins with Settlement Eva Meng, Head of Matrixdock, places settlement at the center of the ownership question.
“An on-chain ledger can accurately record token ownership without establishing whether the underlying asset is available for settlement. The real test comes when the claim is exercised: can recorded ownership actually be carried through to settlement?”
Matrixdock’s tokenized gold (XAUm) asset shows how such rights pass from an onchain balance into physical delivery.
In April 2025, a holder burned 32.148 XAUm and received a one-kilogram LBMA gold bar within T+3 of the redemption request, linking the token burn to a corresponding release from custody.
How a Holder Received a Physical Gold Bar for Burning His Tokenized Gold Coins. Source: Matrixdock The stakes rise as tokenization reaches securities, where ownership determines access to dividends, voting rights and corporate actions.
Myles Harrison, Chief Product Officer at AMINA Bank, argues institutional investors tend to begin from those legal and economic rights rather than from blockchain selection.
“The token isn’t the asset. It’s a representation of a claim, and that claim only means something if a regulated institution stands behind it and is legally obliged to honor it. When I speak to institutional clients, their questions are never about which chain an asset sits on. They want to know who owes them what, under which law, and what happens if something goes wrong. Those answers live in the record of ownership, not in the token itself.”
Securitize COO Billy Miller draws a similar line between tokens created around securities held elsewhere and issuer-sponsored tokens incorporated into the ownership record itself.
“In an issuer-sponsored model, the issuer authorizes tokenization with the token representing the actual security and ownership, akin to how book-entry is a digital representation of shares held at the transfer agent.”
Securitize put the model into use when its common stock began trading on the NYSE under SECZ on July 2. Eligible US investors are also able to access tokenized SECZ through Securitize.
The tokens launched on Avalanche and Solana while representing the same common stock trading on the NYSE, giving one security both conventional and on-chain forms of ownership.
Securitize is now officially a public company, listed on the @NYSE under the ticker SECZ.
Our focus is unchanged: building the regulated infrastructure for the next generation of capital markets.
To everyone who helped us get here, thank you.
Tokenize the World. pic.twitter.com/XVhjA5udA9
— Securitize (@Securitize) July 2, 2026 💡 Did you know? Robinhood’s 2025 “SpaceX stock tokens” gave investors derivative exposure rather than direct ownership of SpaceX shares. The controversy exposed a central risk in tokenization: owning a token does not necessarily put the holder on the company’s share register or grant the rights attached to the underlying equity.
Transfer Agents Transfer agents have long maintained security-holder records, processed changes in ownership, and administered distributions. With tokenized securities, recordkeeping becomes more closely tied to the trade because an on-chain transfer can feed into the official register, making the quality and speed of recordkeeping part of the trading experience itself.
Traditional exchanges are already building around this role.
In March, the NYSE named Securitize as the first digital transfer agent eligible to mint blockchain-native securities for corporate and ETF issuers on its planned digital trading platform, while the two companies also agreed to work on standards covering digital transfer agents and tokenization agents.
Roshan Robert, CEO of OKX US, sees the transfer agent and blockchain as complementary components.
“Tokenization works best when the asset is tied directly to the official ownership record. A digital transfer agent maintains that record and manages transfers, distributions and corporate actions. Blockchain infrastructure provides the speed, transparency and global reach that make these assets more useful. Strong tokenized markets need both trusted ownership records and high-performance blockchain infrastructure. Together, they can allow tokenized assets to move securely and, ultimately, trade around the clock.”
The institutional footprint around regulated tokenization is growing alongside those market plans. Securitize reported $3.4 billion in assets under management at the end of March 2026 and $1.9 billion of aggregate transaction volume during the first quarter, figures published shortly before its July NYSE listing.
Around-the-Clock Trading Reaches the Old Market Clock The NYSE is developing a regulated digital venue designed for 24/7 tokenized securities trading, instant settlement and stablecoin-based funding, pairing its Pillar matching engine with blockchain-based post-trade systems.
Harrison sees the difficult work arriving beyond the trading venue, where counterparties, compliance teams and settlement systems still operate according to schedules refined over decades.
“At AMINA Bank, we settle 24/7, 365. We’re always online. But try clearing something on a Saturday evening through a traditional institution; it just doesn’t happen. And that’s not a technology problem. The entire financial system – from the processes and the staffing models to the compliance infrastructure – was built around market opening hours and optimized over decades. Unwinding is like turning an oil tanker. It will happen, but anyone telling you it’s 12 months away is underestimating the challenge.”
Meng sees the same tension in gold, an asset whose price can respond to geopolitical events and macroeconomic releases while key elements of the conventional market remain bound to established operating hours.
“The challenge is that only part of the stack is always on. Secondary trading and transfers can continue on-chain, while underlying markets, banking, custody, hedging, and primary-market activity still follow traditional operating hours.”
Tokenized gold can therefore continue forming a price while conventional routes are closed, giving onchain markets an early read on new information.
“The harder test comes when the tokenized price moves away from the underlying market while the mechanisms that normally bring them back into alignment, such as arbitrage, hedging, minting and redemption, are unavailable. Liquidity providers then have to carry more inventory, basis and gap risk until those markets reopen,” Meng said.
Continuous trading becomes economically durable when liquidity providers can manage exposure across those uneven schedules, with enough cash settlement, custody and redemption capacity to support prices through weekends and overnight sessions.
The Registry Outranks the Chain Blockchain selection still affects transaction costs, execution speed and access, although Harrison sees legal and operational design carrying greater importance for institutions deciding whether an asset can enter portfolios.
“The chain matters far less than people assume. I see institutions spending months evaluating which blockchain to use when the real question is whether the legal and operational infrastructure around their asset is in place. Can they settle? Can they comply across jurisdictions? Can their counterparties access it? The industry spent almost two years getting lost in the semantic between tokenized deposit, a CBDC and a stablecoin when technologically they’re identical. The infrastructure around the token is what determines whether institutional clients can use it,” said Harrison from AMINA Bank.
SECZ provides one illustration. The same issuer-sponsored common stock launched across Avalanche and Solana, leaving the economic rights attached to the share while blockchain choice governs where an eligible investor can hold and transfer the tokenized form.
The SEC’s January guidance gives the registry similar prominence from a regulatory perspective, centring issuer-sponsored tokenization on the master securityholder file and the relationship between an onchain transfer and the legally recognized ownership record.
Where Tokenization Breaks Down Continuous trading becomes more complicated when a token keeps changing hands while its reference market has closed, leaving price discovery concentrated in the tokenized asset until conventional trading resumes.
Harrison points to tokenized equities.
“You can trade the token at any hour, but the underlying security doesn’t reprice outside traditional market hours. You’re buying a wrapper whose reference value is frozen until the market reopens.”
Tokenized Treasuries raise a different issue. They are already the largest real-world asset category tracked by RWA.xyz, with $16.16 billion distributed across 85 products as of August 3, yet AMINA’s clients can already buy conventional T-bills through the bank’s securities dealer license.
In their case, wrapping the same exposure in a token offers limited extra utility unless it improves access, settlement or use elsewhere onchain.
“The tokenized version solves a distribution problem that doesn’t exist for them.”
Tokenization earns its economic value where a blockchain representation improves access, settlement, portability or use as collateral, while the ownership record preserves a holder’s enforceable rights throughout the process.
The market is already large enough for this distinction to become commercially important, especially as tokenized securities begin entering regulated public-market venues.
Validátoři Solany schválili zdvojnásobení roční míry disinflace z 15 % na 30 %, takže nabídka SOL bude klesat rychleji. Odhadem tím během příštích šesti let nebude vytěženo 18,9 milionu SOL.
Solana validators just voted to put SOL on a diet. The network’s governance body approved SGP-0002, a proposal that doubles the annual disinflation rate from 15% to 30%, meaning the amount of new SOL entering circulation will shrink twice as fast as originally planned. The move pulls forward Solana’s target for hitting its 1.5% terminal inflation floor from roughly 2032 to 2029, three years ahead of schedule.
The vote closed on August 28 with 176.29 million SOL in favor and 66.19 million opposed, landing at 67% approval. That barely cleared the two-thirds supermajority required, and the outcome reportedly hinged on the Kraken validator switching its position before the deadline.
What the numbers actually mean The approved proposal, which implements SIMD-0550, will prevent an estimated 18.9 million SOL from being minted over the next six years.
Solana’s inflation rate as of June 2026 sat at approximately 3.82%, with staking participation hovering around 68%. Under the old schedule, the network would have gradually tapered issuance over the next six-plus years. Under the new plan, that taper happens roughly twice as fast.
For SOL holders who don’t stake, this is straightforwardly good news. Less new supply means less dilution. For stakers and validators, the picture is more nuanced. Staking yields, which currently range from 4% to 6%, are projected to decline more rapidly as inflation rewards shrink. Analysts estimate yields will converge toward the 1.5% floor years earlier than previously forecast.
Record activity provides a cushion July 2026 produced 4.2 billion non-vote transactions, a record for the network. On August 4 alone, nearly 170 million transactions were processed in a single day.
Notably, a separate proposal aimed at restructuring fees to increase on-chain token burns failed to win supermajority support. That initiative would have boosted daily burns from around 650 SOL to somewhere between 7,500 and 9,000 SOL. With that proposal dead for now, Solana’s existing fee structure stays in place while the issuance changes take effect.
The governance drama The 67% approval figure might sound comfortable, but it was anything but. Two-thirds is the minimum threshold, meaning the vote passed by the thinnest possible margin for a supermajority system. The Kraken validator’s late pivot proved decisive, a detail that underscores how concentrated influence can be in proof-of-stake governance.
With 176.29 million SOL voting yes and 66.19 million voting no, roughly a third of participating stake actively opposed faster disinflation.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
OpenSea rozšířil podporu o NFT na Solaně, takže uživatelé mohou na platformě přímo obchodovat digitální sběratelské předměty na Solaně. Jde o návrat Solany po beta testu z roku 2022.
OpenSea, the leading NFT marketplace, has expanded its platform to support Solana NFT trading, allowing users to buy, sell, and trade digital collectibles directly on the Solana blockchain. This integration marks Solana’s return to OpenSea after a previous beta trial in 2022, and signals a significant shift in OpenSea’s multi-chain strategy.
OpenSea integrates Solana NFTs through OS2 platformOpenSea’s new Solana NFT support is powered by OS2, the company’s recently rebuilt platform. OS2 enables cross-chain trading of NFTs and fungible tokens across more than 19 blockchain networks. Solana is now the first non-EVM (Ethereum Virtual Machine) network for NFTs on OpenSea since its earlier beta phase ended in 2022. The integration follows OpenSea’s addition of Solana fungible token trading in April 2025 and fulfills the company’s earlier commitment to expand NFT offerings.
Solana-based collections now available on OpenSea include Claynosaurz, Mad Lads, BoDoggos, Collector Crypt, and Phygitals. These join a multi-network portfolio that already includes Ethereum, Polygon, Arbitrum, Optimism, Avalanche, Base, Monad, Sei, and Berachain, broadening the assets users can access on the marketplace.
Mini dictionary: OS2, OpenSea’s latest multi-chain protocol, enables users to trade both NFTs and fungible tokens across numerous blockchains from a single interface.
OpenSea completed the public rollout of OS2 in May 2025, positioning itself as a one-stop gateway for on-chain assets.
NetworkNFT SupportEVM CompatibilityEthereumYesYesPolygonYesYesSolanaYesNoBase, Arbitrum, Avalanche, Monad, Sei, BerachainYesYesRising competition in Solana NFT ecosystemOpenSea’s Solana launch comes at a time when competition among NFT marketplaces on the network is evolving. Magic Eden, a major NFT marketplace, recently closed its Bitcoin and EVM marketplaces, redirecting more resources back to Solana, while Tensor continues to be active in the Solana NFT space.
Despite these moves, overall NFT market activity has dropped significantly from its 2021 and 2022 highs. Monthly trading volumes now total a few hundred million dollars, a fraction of the levels seen during the bull run. This contraction has led several platforms to exit the market, with Binance shutting down its centralized NFT service in June, and Nifty Gateway, Kraken NFT, and X2Y2 also ceasing operations.
OpenSea’s multi-chain expansion is seen as a response to shifting trading patterns and the need to offer more diverse on-chain assets to a broad user base.
OpenSea’s OS2 update is designed to bring multiple types of on-chain assets, including collectibles and fungible tokens, into one unified interface, eliminating the need for users to switch between different trading platforms.
New directions for OpenSea’s business modelIn addition to expanding its NFT lineup, OpenSea has also moved into the trading of fungible tokens. The company has publicly discussed the future launch of a SEA governance token, although the rollout remains delayed.
With these updates, OpenSea aims to position its platform as a comprehensive trading destination for both NFTs and cryptocurrencies, addressing changing preferences in the digital asset space.
CME Group a CF Benchmarks spustily dva nové kryptoměnové benchmarky, včetně indexu, který záměrně vynechává Bitcoin a Ether. Sleduje deset altcoinů včetně BNB, XRP, SOL, HYPE, LINK, XLM, SUI, UNI, AVAX a AAVE.
CME Group and CF Benchmarks went live on August 31 with two new multi-asset cryptocurrency benchmarks, with the headline product being one that deliberately sidesteps the two biggest names in the market.
What the index tracks Its ten constituents are BNB ($BNB), XRP, Solana ($SOL), Hyperliquid's $HYPE, Chainlink's $LINK, Stellar, Sui, Uniswap, Avalanche and Aave ($AAVE). A companion CME CF Crypto Market Index holds those same ten assets plus Bitcoin and Ether, functioning as a broad-market gauge.
Both indices use free-float market capitalisation weighting, with the constituent lineup reviewed every June and December.
Benchmarks, not tradable products, for now
The door to tradable products is not closed. That precedent suggests the new benchmarks could serve as the foundation for listed products further down the line.
Sources:
Crypto Briefing: CME launches two new cryptocurrency tracking indices with CF Benchmarks
Crypto Economy: CME Emerging Crypto Index Launches Without Bitcoin Or Ethereum
CME Group: CME Group to Launch Nasdaq CME Crypto Index Futures (press release)
US spot Solana ETFs just had their best week of 2026, pulling in over $153 million in net inflows as institutional appetite for the asset class continues to accelerate. The surge was punctuated by a single-day peak of $60.91 million on August 27, the third-highest daily inflow since these products first hit the market last October.
Daily trading volume across the category hit $196.82 million on the same day.
Bitwise’s BSOL is running away with the category Bitwise’s BSOL, a Solana staking ETF that offers investors yield on top of price exposure, captured $40.2 million on August 27, roughly 66% of all inflows that day.
That performance pushed the fund past a milestone: $1 billion in assets under management for the first time. BSOL is estimated to hold around 9.3 million SOL tokens, with cumulative inflows sitting between $1.01 billion and $1.03 billion. That means a single fund accounts for approximately 77-80% of all capital that has ever flowed into the entire US spot Solana ETF category.
Nine spot Solana ETFs now trade in the US, issued by names like Grayscale (GSOL), Fidelity (FSOL), Morgan Stanley (MSOL), VanEck (VSOL), and 21Shares (TSOL). Most of these products incorporate staking options, giving holders a way to earn yield rather than simply sit on spot exposure.
The entire category’s total AUM now stands at roughly $1.49 billion, with cumulative net inflows exceeding $1.3 billion since launch.
August is shaping up as a landmark month Cumulative inflows for August 2026 surged past $174 million with two trading days still remaining, making it the strongest month of the year for Solana ETFs.
The US spot Solana ETF market came into existence on October 28, 2025, after the SEC relaxed its rules around crypto fund listings. In less than a year, the category has grown from zero to nearly $1.5 billion in managed assets.
The staking component appears to be a meaningful differentiator. Unlike Bitcoin ETFs, which can only offer pure spot exposure, Solana’s proof-of-stake architecture allows ETF issuers to generate yield for investors. A Solana staking ETF effectively turns SOL into something closer to a yield-bearing instrument.
With BSOL alone holding an estimated 9.3 million SOL, that’s a meaningful chunk of tokens effectively removed from the tradeable float, strengthening network security and reducing circulating supply simultaneously.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bitwise Solana Staking ETF (BSOL) jako první Solana ETF překonal 1 miliardu USD v aktivech pod správou. Přichází to méně než rok po spuštění, po sedmi dnech čistých přílivů a silném zájmu institucí o SOL.
Bitwise’s Solana Staking ETF (BSOL) has become the first exchange-traded fund tracking Solana to surpass $1 billion in assets under management, less than a year after its launch.
The milestone comes amid a sharp increase in activity across both the Solana ETF market and the underlying token.
BSOL recorded more than $126 million in trading volume on Friday, its strongest single-day performance to date. Trading volume also exceeded $500 million across the seven sessions preceding the latest record.
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The fund has attracted inflows for seven consecutive trading days, bringing cumulative ETF inflows into Solana products to approximately $1.26 billion. That figure represents roughly 2.2% of SOL's current market capitalization, highlighting the growing scale of exchange-traded demand relative to the underlying market.
Institutional accumulation has also continued outside the ETF market. DeFi Dev Corp purchased another 19,000 SOL for approximately $1.86 million, taking its holdings to around 2.33 million SOL, worth approximately $182 million based on the figures provided.
Bitwise's XRP ETF has also continued to attract capital. The product recorded an inflow of $15.40 million, while its assets under management stood at approximately $603 million at the time of writing.
Together, the figures point to increasing institutional participation across crypto assets beyond Bitcoin and Ethereum, with Solana emerging as one of the main beneficiaries of the shift.
Leverage adds momentum to SOL's moveThe ETF activity has coincided with a strong move in SOL. The token gained roughly 19% over the past week, although the rally has subsequently encountered some selling pressure.
Futures activity has been particularly pronounced. Futures trading volume reached approximately $14.6 billion, compared with around $1.7 billion in spot volume. The large difference suggests that derivatives and leveraged positioning have played an important role in amplifying SOL's recent price movement.
At the latest reading, SOL was trading at $103.43, down 2.25% over 24 hours. Its market capitalization stood at approximately $60.42 billion, representing a 2.23% daily decline.
Trading activity remained elevated despite the pullback. Daily volume fell 16.15% to $4.94 billion, leaving the volume-to-market-capitalization ratio at approximately 8.17%.
The combination of rising ETF demand and elevated derivatives activity creates a more complex picture for SOL. Institutional inflows can provide sustained buying pressure, while heavy futures activity can accelerate both upward and downward moves as leveraged positions are opened or closed.
Another factor investors are watching is Solana's changing monetary policy.
Faster disinflation changes SOL's supply outlookSolana validators recently approved a proposal to accelerate the network's disinflation schedule. The vote was the first proposal to pass under Solana's new on-chain governance system.
Known as SGP-0002, or "Double Disinflation," the proposal increases the annual disinflation rate from 15% to 30%. Importantly, it does not alter Solana's long-term inflation target, which remains at 1.5%.
Final voting results showed 67% support for the proposal, compared with 25.16% opposed and 7.84% abstaining. Participation represented 60.7% of eligible stake.
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The accelerated schedule means Solana could reach its terminal 1.5% inflation rate considerably sooner. Solana Compass estimates that the target could now be reached in approximately 2.8 years, compared with around 5.7 years under the previous schedule.
The change is expected to reduce the number of new SOL entering circulation. Estimates indicate that approximately 18.9 million fewer SOL could be issued over the next six years under the revised schedule.
For existing SOL holders, lower issuance could reduce dilution over time. The trade-off is that the faster reduction in inflation also means lower staking rewards for validators and delegators.
The monetary-policy change therefore adds another variable to the investment case for SOL. While ETF demand and institutional accumulation are increasing access to the asset, the network itself is simultaneously moving toward a lower rate of new-token issuance.
For now, the combination of stronger exchange-traded demand, substantial derivatives activity and a tightening issuance trajectory is putting Solana at the center of renewed institutional interest.
The sustainability of the move, however, will depend on whether ETF inflows continue and whether the current futures-driven momentum can translate into lasting spot demand.
Pump.fun rozšířil obchodování o HyperEVM tokeny a umožňuje je obchodovat přímo proti USDC. Na Solaně zůstává obchodování bez poplatku, zatímco HyperEVM má poplatek 0,1 %.
Pump.fun has added full support for HyperEVM tokens to its trading app. Users can trade HyperEVM assets directly against USDC. HyperEVM trades carry a 0.1% fee, while Solana trading remains free. The expansion moves Pump.fun further beyond its original Solana launchpad model. Pump.fun has expanded its trading app to HyperEVM, allowing users to buy and sell HyperEVM-based tokens against USDC as the platform broadens its reach beyond the Solana ecosystem. The integration adds another execution environment to an app that increasingly resembles a multi-market trading interface rather than a product built solely around launching Solana memecoins.
The announcement was also highlighted by Wu Blockchain on X, which noted the difference between Pump.fun’s zero-fee Solana trading and the 0.1% fee applied across HyperEVM and several other supported markets.
Pumpfun Expands Beyond Solana With HyperEVM Token Trading
Pumpfun said its app now fully supports HyperEVM, allowing users to trade any HyperEVM token with USDC. The dominant Solana memecoin launchpad charges 0% trading fees on Solana and 0.1% on HyperEVM, Robinhood, BNB, Base… pic.twitter.com/sBkjqpuae0
— Wu Blockchain (@WuBlockchain) August 27, 2026
HyperEVM Gives Pump.fun Access to a Different Type of Liquidity The significance of the integration is less about adding another blockchain to a supported-networks list and more about where HyperEVM sits within the Hyperliquid ecosystem.
HyperEVM provides an Ethereum-compatible execution environment connected to Hyperliquid’s broader infrastructure. For Pump.fun, supporting tokens issued there creates another route for attracting traders who may previously have had little reason to use an application primarily associated with Solana.
The USDC trading pair is equally relevant. Rather than requiring users to move into a network-specific volatile asset before trading, Pump.fun can provide a dollar-denominated route into HyperEVM tokens.
That reduces one layer of friction for users moving capital between ecosystems.
Pump.fun also said HyperEVM trades qualify for its callout rewards, extending an incentive system already used to encourage activity inside the app.
The Fee Structure Reveals Where Pump.fun Is Willing to Subsidize Trading Pump.fun currently charges 0% trading fees on Solana, while HyperEVM transactions carry a 0.1% fee. The same 0.1% rate applies to several other markets supported through the app, including Robinhood-linked assets, BNB and Base.
The difference provides some insight into the platform’s priorities.
Free Solana execution helps Pump.fun defend the ecosystem where it built its original user base and where competition for retail token trading is particularly intense. Charging on newer markets allows the company to monetize expansion without immediately abandoning the zero-fee proposition at home.
Pump.fun Extends Its Trading Model Beyond Solana The HyperEVM integration adds another market to an app that is becoming less dependent on Solana-only activity. The structure is straightforward:
HyperEVM trading: Users can trade any supported HyperEVM token directly against USDC through the Pump.fun app. HyperEVM fee: Trades carry a 0.1% fee, giving Pump.fun a direct revenue stream from activity on the network. Solana fee: Trading remains at 0%, allowing Pump.fun to maintain a more aggressive pricing model in its core market. Other markets: The 0.1% fee also applies to Robinhood, BNB, Base and other supported markets, according to the information shared by Wu Blockchain. Callout rewards: HyperEVM trading is eligible for Pump.fun’s existing callout rewards program. The difference between the Solana and HyperEVM fee structures provides some insight into Pump.fun’s priorities. Free Solana execution helps the platform defend the ecosystem where it built its original user base, while charging on newer markets creates a way to monetize expansion without immediately changing the economics of its core product.
At sufficient volume, that distinction becomes meaningful. Pump.fun would no longer depend as heavily on activity surrounding newly launched Solana tokens, since trading conducted through other supported networks could contribute directly to transaction-fee revenue.
A 0.1% charge may appear small in isolation, but its economics become more meaningful if Pump.fun succeeds in routing substantial volume through multiple networks. Revenue would then depend less heavily on activity surrounding newly launched Solana tokens and more on the trading behavior of users across the app.
Why Moving Beyond Solana Changes Pump.fun’s Business Model Pump.fun originally solved a narrow problem: making it extremely easy to create and trade new tokens on Solana. That simplicity helped it attract large amounts of speculative activity, but it also tied the business closely to conditions inside a single ecosystem.
Supporting HyperEVM changes that dependency at the margin.
A multi-chain trading interface can monetize users even when they move their capital from one network to another. Instead of losing a trader when attention shifts away from Solana, Pump.fun can attempt to keep that user inside its own application while changing the underlying venue.
This is a different competitive objective from simply operating the largest token launchpad.
The app increasingly competes at the distribution layer, where wallets, aggregators and trading interfaces fight to become the place through which users access assets regardless of the network underneath them.
That distinction also explains why the integration may matter to HyperEVM. New chains and execution environments need more than liquidity. They need distribution. An established consumer-facing interface can expose HyperEVM tokens to traders who otherwise might never interact directly with the network’s native applications.
Hyperliquid’s Growth Makes the Timing More Relevant The integration arrives while activity around the broader Hyperliquid ecosystem remains elevated. HYPE was trading around $81.56 in the latest market snapshot, up approximately 13.3% over seven days, with a market capitalization near $20.5 billion.
Bitcoin, by comparison, was near $79,700 while Ethereum traded around $2,520 and Solana near $103.89.
Those prices do not directly determine demand for HyperEVM tokens, but Hyperliquid’s growing market footprint gives applications a stronger commercial reason to integrate its ecosystem. Pump.fun is effectively positioning itself to capture some of that activity without requiring traders to leave its existing interface.
The next useful metric will therefore be volume rather than the number of supported tokens. If meaningful HyperEVM trading begins flowing through Pump.fun, the integration would provide evidence that its Solana audience can be converted into a broader multi-chain user base. If activity remains concentrated on Solana, HyperEVM will function primarily as additional distribution rather than a material change in the platform’s revenue mix.
Pump.fun nyní generuje více než dvojnásobek měsíčních tržeb Solany, přičemž za posledních 30 dní dosáhl 42–51 mil. USD. Od spuštění už překonal 1,259 mld. USD kumulovaných tržeb.
When a tenant starts making more money than the landlord, something interesting is happening. Pump.fun, the memecoin launchpad that has become Solana’s most profitable application, now generates more than twice the monthly revenue of Solana itself, a milestone that reframes how the industry thinks about where value actually accrues in a blockchain ecosystem.
As of late August 2026, Pump.fun’s trailing 30-day revenue sits between $42M and $51M, with weekly figures peaking at $14M, the highest weekly number recorded since February 2026. Annualized, that puts the platform on a run rate somewhere between $460M and $500M per year from a single application built on top of someone else’s network.
How a memecoin factory became a billion-dollar business Pump.fun launched on January 19, 2024, with a simple value proposition: make it trivially easy to create and trade memecoins, then take a small cut of every transaction.
Since launch, the platform has crossed $1.259B in cumulative revenue, making it the first application on Solana to clear the $1B mark and one of the highest-earning protocols in all of crypto. That figure, earned across roughly 19 months, reflects consistent, high-volume trading activity over a sustained period.
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Revenue comes from multiple sources. Token creation fees, trading activity routed through PumpSwap, the platform’s native automated market maker, and ancillary service charges all feed into the total.
Roughly half of all fees collected are funneled directly into automated buybacks and burns of the PUMP token. Total buybacks have exceeded $429M, which has eliminated approximately 28.6% of the circulating supply.
Outpacing Hyperliquid and expanding beyond Solana Pump.fun’s revenue lead isn’t limited to Solana comparisons. In certain 7-day and 30-day windows, the platform has also outpaced Hyperliquid, the perpetuals exchange that has itself been celebrated as one of crypto’s most impressive fee-generating protocols.
The platform has also begun reducing its dependence on any single chain. Smaller deployments now operate on Base, Binance Smart Chain, and Ethereum. In August 2026, the platform rolled out a feature called Callout Rewards and cut trading fees, moves designed to deepen user engagement and lower the cost of participating in the ecosystem.
What the revenue gap between app and chain actually means The fact that Pump.fun generates more than twice Solana’s monthly revenue is a reasonable outcome in a maturing ecosystem. Solana collects fees at the base layer, which are structurally lower than application-layer fees because validators compete on cost to attract transactions. Applications, by contrast, can charge whatever the market will bear for their specific product.
The PUMP token buyback program adds another layer to watch. With $429M already burned and the platform still operating at peak revenue, the deflationary pressure on supply is compounding.
Callout Rewards, the new engagement feature introduced in August 2026, also represents a bet on community stickiness. Platforms that tie financial incentives to social participation tend to generate retention loops that are hard to break, even when market conditions cool.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Charles Schwab plánuje v příštích měsících přidat na platformu Schwab Crypto Solanu, Avalanche a Chainlink. Tím rozšíří nabídku z dvou na pět digitálních aktiv pro zhruba 39 milionů klientů.
Charles Schwab has announced plans to expand its cryptocurrency offerings by adding Solana (SOL), Avalanche (AVAX), and Chainlink (LINK) to its Schwab Crypto platform in the coming months. The brokerage currently allows trading in Bitcoin (BTC) and Ether (ETH), and the expansion will increase its available digital assets from two to five. This move will provide Schwab’s approximately 39 million clients the option to trade these additional tokens within the same platform they use for stocks and ETFs.
Platform expansion and new assetsSchwab introduced its crypto spot trading service for retail clients in May 2026. The company stated that the new addition aims to meet increasing client demand for established cryptocurrencies. While Schwab has not given a precise launch date for Solana, Avalanche, and Chainlink, it indicated that trading will be open in the coming months.
Joe Vietri, Head of Digital Assets at Charles Schwab, emphasized that the expansion is designed to offer clients greater flexibility in constructing their portfolios. Vietri explained that customers can now “build a digital asset allocation alongside the investing and banking experience they know and trust at Schwab.”
With this expansion, clients will have more choices to build a digital asset allocation alongside the investing and banking experience they know and trust at Schwab.
The company plans to maintain its transaction pricing at 75 basis points, or 0.75% of each trade’s dollar value, describing this as one of the lowest fees among major brokers.
Infrastructure, custody and access limitationsAsset custody for Schwab Crypto accounts is handled by Charles Schwab Premier Bank, while trade execution is managed through Paxos, a blockchain infrastructure provider regulated by the Office of the Comptroller of the Currency.
However, access to Schwab Crypto is currently unavailable to residents of New York and Louisiana and is not accessible outside the United States.
Mini dictionary: Paxos is a New York-based blockchain infrastructure company that provides digital asset issuance and settlement services. It operates under US regulatory oversight and partners with financial institutions for regulated trading.
The impact of Schwab’s entry for SOL, AVAX, and LINKCharles Schwab manages more than $12 trillion in client assets, making it one of the largest brokerage firms in the United States. The decision to list SOL, AVAX, and LINK is expected to increase these tokens’ reach and appeal beyond the traditional crypto user base, bringing them to a broader retail audience.
The three tokens recorded price increases after the news went public. Solana traded near $107, an 11.6% rise within 24 hours. Chainlink rose to approximately $11.9, up 6.3%. Avalanche also climbed by over 4%, reaching $7.50, according to CoinMarketCap data.
Token24h Price ChangeCurrent PriceSOL (Solana)+11.6%$107LINK (Chainlink)+6.3%$11.9AVAX (Avalanche)+4%$7.50Schwab’s latest move marks a cautious expansion into digital assets. The company previously started its crypto platform with only Bitcoin and Ether, reflecting a careful approach while it evaluated marketplace risk and demand. Schwab asserts that the list of available tokens will continue to grow, but each addition remains subject to regulatory requirements and the company’s risk guidelines.
Cautious approach to cryptocurrencyCharles Schwab has previously described cryptocurrencies as speculative and high-risk in its reports, noting that digital assets can significantly influence portfolio volatility even at low allocation levels of 1% to 3%. The company also warns clients that these assets are not FDIC insured or SIPC protected and may lose their entire value.
Schwab’s disclosures state that digital assets are not covered by FDIC or SIPC insurance, and significant losses are possible.
While the company’s latest development brings more options for investors, Schwab maintains the right to delay or withdraw any token listing depending on regulatory changes or additional risk assessments.
An attacker drained over $653,000 from card collateral vaults at Avici, a Solana neobank whose own documentation promised that only a user’s wallet could ever move that money.
The token Avici (AVICI) has since fallen by about 40% to $0.24. The sum taken equals close to a fifth of its entire market value.
AVICI Price Performance. Source: CoingeckoWhat the Avici Exploit BrokeAvici sells a Visa credit card backed by USDC. Users lock the stablecoin in a smart contract, and spending draws it down. Third National issues the card, not Avici.
“Only user’s wallet can withdraw funds from escrow contract after deducting the spends,” the company’s documentation states, indicating who holds the keys.
On Friday, the vaults emptied anyway, with a live tracker counting $653,548 pulled out as of this writing
Avici Attack. Source: Live TrackerSelf-custody set out who could not take the money. It did not remove every privileged path written into the program itself. That gap is where the funds went.
On-chain researchers say the attacker submitted a crafted signature bundle, made itself an admin on the escrow accounts, then withdrew. Avici has not confirmed that method.
more info on the ongoing @avici hack ⚠️
> drain started 2 hours ago (5PM UTC) and is still ACTIVE !!
> over $1M exploit confirmed so far
> over 9000 users affected so far
> exploiter wallet address: FVNFzqAny8spWdPmYw6RQ9TkYa29ueFFiqCFD1gQnCEj
> hacker transferred out over $1M… https://t.co/jG4iXbda1i pic.twitter.com/IHLmkPN10B
— inno (@inno_sol) August 28, 2026
Follow us on X to get the latest news as it happens
Why This Is Not a Treasury HackEach customer holds a separate escrow contract. So the money was left account by account. There was no single pot to empty.
It suggests a familiar pattern, such as when a Solana governance attack took $20 million from one BONK DAO treasury in a single stroke.
Associated tokens rarely shrug such incidents off, which is why the AVICI token fell almost 40%. In the same way, a bridge breach sent Midnight’s token to a record low in July.
Midnight (NIGHT) Token Price Performance. Source: BeInCrypto MarketsAvici has said only that it is aware of an issue affecting card balance withdrawals. No post-mortem has followed.
We’re aware of an issue affecting card balance withdrawals and are closely monitoring the situation.
We’re working directly with all relevant partners to resolve it and will share updates as soon as we have more information.
— Avici (@avici) August 28, 2026
The company has not said whether the remaining vaults can still be called, or whether card settlement with Third National is affected.
