Dwain the Hormell
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Dwain the Hormell
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NFTs
Why NFTs have crashed and what remains
The NFT market has massively collapsed in recent years โ but the technology is not dead. Here are the main reasons why the hype has burst, and what remains
Why NFTs have crashed
Speculation bubble burst
In 2021/22, many NFTs were purchased only to sell them at a higher price. Too much hype, too little real utility โ market collapses.
Too many bad projects
Anyone could start a collection. 99% had no roadmap, no product, no community.
Trust was lost.
Bear market & high interest rates
When capital becomes scarcer, it hits the riskiest assets first โ and those were NFTs.
Scams & Rug Pulls
Fake collections, disappeared teams, empty promises. Many new buyers were disappointed once and never returned.
BUT
NFTs are not gone โ they are changing
The hype around profile pictures (PFPs) is ending โ but the technology remains extremely strong.
Tickets & Access
Events, clubs, concerts, memberships.
An NFT = your digital access.
Gaming
Weapons, skins, items, characters โ truly owned by the players.
Brands & Loyalty
Starbucks, Nike, Adidas, Solana Mobile โ membership passes & airdrop rights.
Tokenized In-Game Economies
Solana is showing how quickly and cheaply NFT gaming can work.
Airdrops & Ecosystem Passes
Seeker / Saga / Ecosystem NFTs โ access to rewards, drops, new projects.
Conclusion
The NFT bubble has burst.
The technology is now maturing.
The future lies in real use cases.
Why NFTs have crashed and what remains
The NFT market has massively collapsed in recent years โ but the technology is not dead. Here are the main reasons why the hype has burst, and what remains
Why NFTs have crashed
Speculation bubble burst
In 2021/22, many NFTs were purchased only to sell them at a higher price. Too much hype, too little real utility โ market collapses.
Too many bad projects
Anyone could start a collection. 99% had no roadmap, no product, no community.
Trust was lost.
Bear market & high interest rates
When capital becomes scarcer, it hits the riskiest assets first โ and those were NFTs.
Scams & Rug Pulls
Fake collections, disappeared teams, empty promises. Many new buyers were disappointed once and never returned.
BUT
NFTs are not gone โ they are changing
The hype around profile pictures (PFPs) is ending โ but the technology remains extremely strong.
Tickets & Access
Events, clubs, concerts, memberships.
An NFT = your digital access.
Gaming
Weapons, skins, items, characters โ truly owned by the players.
Brands & Loyalty
Starbucks, Nike, Adidas, Solana Mobile โ membership passes & airdrop rights.
Tokenized In-Game Economies
Solana is showing how quickly and cheaply NFT gaming can work.
Airdrops & Ecosystem Passes
Seeker / Saga / Ecosystem NFTs โ access to rewards, drops, new projects.
Conclusion
The NFT bubble has burst.
The technology is now maturing.
The future lies in real use cases.
Solana Governance Status Update โ SGP-0002 and SGP-0003
SGP-0002 โ Double Disinflation
The annual reduction of the SOL inflation rate is to be doubled.
Current participation: 25.88%
About 7.45 percentage points are still needed to reach quorum.
SGP-0003 โ Resource and Inclusion Fee
Change of Solana's fee model.
Current participation: 19.62%
About 13.71 percentage points are still needed to reach quorum.
For approval, at least 33.33% of the network stake must participate in the vote. In addition, at least 66.67% of the participating stake must vote โForโ.
The votes end on 28 August 2026 at 18:38.
SGP-0002 โ Double Disinflation
The annual reduction of the SOL inflation rate is to be doubled.
Current participation: 25.88%
About 7.45 percentage points are still needed to reach quorum.
SGP-0003 โ Resource and Inclusion Fee
Change of Solana's fee model.
Current participation: 19.62%
About 13.71 percentage points are still needed to reach quorum.
For approval, at least 33.33% of the network stake must participate in the vote. In addition, at least 66.67% of the participating stake must vote โForโ.
The votes end on 28 August 2026 at 18:38.
Dwain the Hormell
ยท
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Solanaโs Tokenomics Before the Next Milestone
This week, the first governance vote for SIMD-0550 and SIMD-0553 begins.
SIMD-0550: Speeds up the reduction of SOL inflation. The annual disinflation rate would increase from 15% to 30%, which would allow the long-term inflation rate of 1.5% to be reached much faster.
SIMD-0553: Introduces a resource-based burn mechanism. The more compute units a transaction requires, the more SOL would be burned. As network usage grows, this could lead to a higher burn rate over the long term.
Next steps: If the proposals this week receive at least 15% support of staked SOL, the final governance vote will follow. If approved, the technical implementation and the subsequent activation on mainnet would then take place.
This week, the first governance vote for SIMD-0550 and SIMD-0553 begins.
SIMD-0550: Speeds up the reduction of SOL inflation. The annual disinflation rate would increase from 15% to 30%, which would allow the long-term inflation rate of 1.5% to be reached much faster.
SIMD-0553: Introduces a resource-based burn mechanism. The more compute units a transaction requires, the more SOL would be burned. As network usage grows, this could lead to a higher burn rate over the long term.
Next steps: If the proposals this week receive at least 15% support of staked SOL, the final governance vote will follow. If approved, the technical implementation and the subsequent activation on mainnet would then take place.
Verified
The SEC could massively advance trading with tokenized stocks
Already on Friday, August 14, new crypto initiatives are expected to be presented. Particularly exciting: the so-called โInnovation Exemptionโ for tokenized securities.
This could pave the way for:
tokenized shares on the blockchain
24/7 trading with stock tokens
clearer rules for on-chain securities
a significantly larger market for RWA & tokenization
Networks with existing infrastructure for tokenized assets and fast, low-cost on-chain markets would be well positioned if the US equities market opens up more to blockchain.
The specific rules have not yet been published.
August 14 could therefore become an important date for the entire RWA and tokenization market.
Already on Friday, August 14, new crypto initiatives are expected to be presented. Particularly exciting: the so-called โInnovation Exemptionโ for tokenized securities.
This could pave the way for:
tokenized shares on the blockchain
24/7 trading with stock tokens
clearer rules for on-chain securities
a significantly larger market for RWA & tokenization
Networks with existing infrastructure for tokenized assets and fast, low-cost on-chain markets would be well positioned if the US equities market opens up more to blockchain.
The specific rules have not yet been published.
August 14 could therefore become an important date for the entire RWA and tokenization market.
Stand Western Union
USDPT reaches 1 million USD trading volume for the first time in 24 hours
The stablecoin USDPT is slowly gaining momentum. For the first time, a 24-hour trading volume of around 1 million USD was reached.
Currently, around 10.1 million USDPT are in circulation. The stablecoin is issued by Anchorage Digital Bank and runs on Solana.
Just a few days ago, Western Union launched its Stablecard. This allows USDPT to be issued via the Visa network at up to 175 million acceptance locations across 37 markets.
A daily volume of 1 million USD is still very small compared to USDC or USDT. But the development of USDPT is only just starting.
If Western Union increasingly uses USDPT for remittances, card payments, and processing with its agents, volumes and circulation figures could rise significantly in the coming months.
A first small but noticeable milestone for USDPT and Solana as a payment infrastructure.
USDPT reaches 1 million USD trading volume for the first time in 24 hours
The stablecoin USDPT is slowly gaining momentum. For the first time, a 24-hour trading volume of around 1 million USD was reached.
Currently, around 10.1 million USDPT are in circulation. The stablecoin is issued by Anchorage Digital Bank and runs on Solana.
Just a few days ago, Western Union launched its Stablecard. This allows USDPT to be issued via the Visa network at up to 175 million acceptance locations across 37 markets.
A daily volume of 1 million USD is still very small compared to USDC or USDT. But the development of USDPT is only just starting.
If Western Union increasingly uses USDPT for remittances, card payments, and processing with its agents, volumes and circulation figures could rise significantly in the coming months.
A first small but noticeable milestone for USDPT and Solana as a payment infrastructure.
Dwain the Hormell
ยท
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Western Union launches 175 million Visa acceptance locations in 37 markets with its Stablecard
Western Union has officially launched its Stablecard. The Visa card allows users to spend stablecoins directly in everyday lifeโstarting with 175 million Visa acceptance locations across 37 markets.
The card is based on USDPT, Western Unionโs own stablecoin. This is issued on-chain on Solana. The card infrastructure comes from Rain, which connects blockchain payments in the background to the Visa network.
The partnership shows that Solana is increasingly being used as infrastructure for global payment applications. For everyday payments through a globally established company like Western Union.
Western Union has officially launched its Stablecard. The Visa card allows users to spend stablecoins directly in everyday lifeโstarting with 175 million Visa acceptance locations across 37 markets.
The card is based on USDPT, Western Unionโs own stablecoin. This is issued on-chain on Solana. The card infrastructure comes from Rain, which connects blockchain payments in the background to the Visa network.
The partnership shows that Solana is increasingly being used as infrastructure for global payment applications. For everyday payments through a globally established company like Western Union.
Verified
BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV) lands on Solana
The worldโs largest asset manager, BlackRock, has filed an application with the U.S. Securities and Exchange Commission (SEC) to issue tokenized fund shares on Solana. Specifically, this involves the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV).
The fund invests in cash, short-term U.S. Treasury bills, and other secure money-market instrumentsโnot directly in cryptocurrencies.
Tokenized funds can:
โข be transferred in near real time,
โข be processed around the clock,
โข and be used at significantly lower costs than in the traditional financial system.
BlackRock manages around $15 trillion. That a company of this size chooses Solana as infrastructure for a new product is a strong signal of the growing acceptance of blockchain technology in institutional finance.
Following Morgan Stanley, KSNET, BancaStato, and other projects, this is further evidence that Solana is increasingly being used as infrastructure for the tokenization of real-world assets (RWAs).
The application has been submitted to the SEC. The issuance of the tokenized fund shares will only take place after the regulatory steps are completed.
The worldโs largest asset manager, BlackRock, has filed an application with the U.S. Securities and Exchange Commission (SEC) to issue tokenized fund shares on Solana. Specifically, this involves the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV).
The fund invests in cash, short-term U.S. Treasury bills, and other secure money-market instrumentsโnot directly in cryptocurrencies.
Tokenized funds can:
โข be transferred in near real time,
โข be processed around the clock,
โข and be used at significantly lower costs than in the traditional financial system.
BlackRock manages around $15 trillion. That a company of this size chooses Solana as infrastructure for a new product is a strong signal of the growing acceptance of blockchain technology in institutional finance.
Following Morgan Stanley, KSNET, BancaStato, and other projects, this is further evidence that Solana is increasingly being used as infrastructure for the tokenization of real-world assets (RWAs).
The application has been submitted to the SEC. The issuance of the tokenized fund shares will only take place after the regulatory steps are completed.
Verified
Western Union launches 175 million Visa acceptance locations in 37 markets with its Stablecard
Western Union has officially launched its Stablecard. The Visa card allows users to spend stablecoins directly in everyday lifeโstarting with 175 million Visa acceptance locations across 37 markets.
The card is based on USDPT, Western Unionโs own stablecoin. This is issued on-chain on Solana. The card infrastructure comes from Rain, which connects blockchain payments in the background to the Visa network.
The partnership shows that Solana is increasingly being used as infrastructure for global payment applications. For everyday payments through a globally established company like Western Union.
Western Union has officially launched its Stablecard. The Visa card allows users to spend stablecoins directly in everyday lifeโstarting with 175 million Visa acceptance locations across 37 markets.
The card is based on USDPT, Western Unionโs own stablecoin. This is issued on-chain on Solana. The card infrastructure comes from Rain, which connects blockchain payments in the background to the Visa network.
The partnership shows that Solana is increasingly being used as infrastructure for global payment applications. For everyday payments through a globally established company like Western Union.
Dwain the Hormell
ยท
--
#SOL
Western Union & Solana. USDPT launch is just around the corner.
Western Union is finalizing the USD Payment Token (USDPT), a Solana-based stablecoin from Anchorage Digital.
Current update:
CEO McGranahan (Earnings Call April 24): USDPT goes live in May, initially for institutional SWIFT settlements! No separate testing anymore, we're in the final phase and integrating into the Digital Asset Network.
Focus is on rollout in select countries, then a Stable Card for countries with high inflation.
The USDPT stablecoin on Solana aims to process payments faster and cheaper than SWIFT, avoiding SWIFT's delays. CEO McGranahan explicitly referred to it as a SWIFT alternative focused on real-time transfers.
After years of testing with XRP (results were disappointing), Western Union is now opting for Solana for USDPT. Higher scalability, lower fees, and real-time settlements as direct competition to SWIFT.
Western Union & Solana. USDPT launch is just around the corner.
Western Union is finalizing the USD Payment Token (USDPT), a Solana-based stablecoin from Anchorage Digital.
Current update:
CEO McGranahan (Earnings Call April 24): USDPT goes live in May, initially for institutional SWIFT settlements! No separate testing anymore, we're in the final phase and integrating into the Digital Asset Network.
Focus is on rollout in select countries, then a Stable Card for countries with high inflation.
The USDPT stablecoin on Solana aims to process payments faster and cheaper than SWIFT, avoiding SWIFT's delays. CEO McGranahan explicitly referred to it as a SWIFT alternative focused on real-time transfers.
After years of testing with XRP (results were disappointing), Western Union is now opting for Solana for USDPT. Higher scalability, lower fees, and real-time settlements as direct competition to SWIFT.
Solanaโs Tokenomics Before the Next Milestone
This week, the first governance vote for SIMD-0550 and SIMD-0553 begins.
SIMD-0550: Speeds up the reduction of SOL inflation. The annual disinflation rate would increase from 15% to 30%, which would allow the long-term inflation rate of 1.5% to be reached much faster.
SIMD-0553: Introduces a resource-based burn mechanism. The more compute units a transaction requires, the more SOL would be burned. As network usage grows, this could lead to a higher burn rate over the long term.
Next steps: If the proposals this week receive at least 15% support of staked SOL, the final governance vote will follow. If approved, the technical implementation and the subsequent activation on mainnet would then take place.
This week, the first governance vote for SIMD-0550 and SIMD-0553 begins.
SIMD-0550: Speeds up the reduction of SOL inflation. The annual disinflation rate would increase from 15% to 30%, which would allow the long-term inflation rate of 1.5% to be reached much faster.
SIMD-0553: Introduces a resource-based burn mechanism. The more compute units a transaction requires, the more SOL would be burned. As network usage grows, this could lead to a higher burn rate over the long term.
Next steps: If the proposals this week receive at least 15% support of staked SOL, the final governance vote will follow. If approved, the technical implementation and the subsequent activation on mainnet would then take place.
Dwain the Hormell
ยท
--
Solana becoming deflationary?
Solana will vote on two proposals that could have a significant impact on the SOL supply.
SIMD-550 - SOL inflation should decrease faster
The annual inflation is currently gradually decreasing by about 15% per year until it reaches 1.5% in the long term. SIMD-550 would accelerate this reduction. The inflation rate would then fall by 30% year over year. The final rate of 1.5% would be reached in 2029 instead of 2032.
-
SIMD-553 - A new network fee should be fully burned
Today, a standard Solana transaction fee includes, among other things, a base fee. Of this base fee, 50% is burned and the other 50% goes to the validator. Priority fees currently go entirely to the validator.
SIMD-553 proposes an additional resource-based fee. The more compute power and network capacity you consume, the more you pay. This new fee would be fully burned. As a result, the burn could increase, according to estimates, from the current 650 SOL per day to about 7,500 to 9,000 SOL per day.
If both proposals pass, SOL could become deflationary as early as 2028.
Solana will vote on two proposals that could have a significant impact on the SOL supply.
SIMD-550 - SOL inflation should decrease faster
The annual inflation is currently gradually decreasing by about 15% per year until it reaches 1.5% in the long term. SIMD-550 would accelerate this reduction. The inflation rate would then fall by 30% year over year. The final rate of 1.5% would be reached in 2029 instead of 2032.
-
SIMD-553 - A new network fee should be fully burned
Today, a standard Solana transaction fee includes, among other things, a base fee. Of this base fee, 50% is burned and the other 50% goes to the validator. Priority fees currently go entirely to the validator.
SIMD-553 proposes an additional resource-based fee. The more compute power and network capacity you consume, the more you pay. This new fee would be fully burned. As a result, the burn could increase, according to estimates, from the current 650 SOL per day to about 7,500 to 9,000 SOL per day.
If both proposals pass, SOL could become deflationary as early as 2028.
Injective INJ
Trading Insight_News
ยท
--
$INJ Injective Upgrades IIP-677: Expanding Multi Chain Interoperability After the Busiest 10 Days of the Year
Injective has just completed its IIP-677 mainnet upgrade, bringing the chain to version v1.20.3, focusing on multi-chain interoperability.
๐ธ The upgrade expands network connectivity, with new integrations and marketplaces to be announced later.
๐ธ This is the culmination of Injective's busiest 10 days of the year: supports native INJ, launches Injective Mint, files for a transfer agent with the SEC, and publishes the MiCA white paper in the EU.
๐ Injective is experiencing a series of positive events, from technical upgrades to strategic legal and product moves. IIP-677 helps Injective connect with more blockchains, expanding the reach of its RWA and DeFi products. The consistent achievement of key milestones within 10 days shows the project is operating at a high pace and could create momentum for strong growth in H2/2026.
๐ฌ Are you following Injective? Do you think the project can compete with other Layer 1 RWAs?
News is for reference, not investment advice. Please read carefully before making a decision.
Injective has just completed its IIP-677 mainnet upgrade, bringing the chain to version v1.20.3, focusing on multi-chain interoperability.
๐ธ The upgrade expands network connectivity, with new integrations and marketplaces to be announced later.
๐ธ This is the culmination of Injective's busiest 10 days of the year: supports native INJ, launches Injective Mint, files for a transfer agent with the SEC, and publishes the MiCA white paper in the EU.
๐ Injective is experiencing a series of positive events, from technical upgrades to strategic legal and product moves. IIP-677 helps Injective connect with more blockchains, expanding the reach of its RWA and DeFi products. The consistent achievement of key milestones within 10 days shows the project is operating at a high pace and could create momentum for strong growth in H2/2026.
๐ฌ Are you following Injective? Do you think the project can compete with other Layer 1 RWAs?
News is for reference, not investment advice. Please read carefully before making a decision.
Verified
Solana Pay is to be integrated into the KSNET network with over 330,000 merchants
The Solana Foundation and South Korean payment service provider KSNET have signed a letter of intent (MOU) to integrate Solana Pay (including an AI payment model based on x402) into KSNET's payment network.
KSNET is one of South Koreaโs largest fintech and payment service providers. The company connects more than 330,000 merchants with banks and payment infrastructures and processes around USD 4 billion in payment volume per month.
With the planned integration of Solana Pay, merchants will be able to accept payments via the Solana blockchain. In particular, stablecoins such as USDC are the focus. Payments can be settled faster and incur significantly lower transaction costs.
The agreement initially creates the technical foundation for embedding Solana Pay into the network. How quickly and to what extent merchants will use the new payment option remains to be seen.
If the integration is successfully implemented and adopted by merchants, it could be another step for Solana in global payments.
The Solana Foundation and South Korean payment service provider KSNET have signed a letter of intent (MOU) to integrate Solana Pay (including an AI payment model based on x402) into KSNET's payment network.
KSNET is one of South Koreaโs largest fintech and payment service providers. The company connects more than 330,000 merchants with banks and payment infrastructures and processes around USD 4 billion in payment volume per month.
With the planned integration of Solana Pay, merchants will be able to accept payments via the Solana blockchain. In particular, stablecoins such as USDC are the focus. Payments can be settled faster and incur significantly lower transaction costs.
The agreement initially creates the technical foundation for embedding Solana Pay into the network. How quickly and to what extent merchants will use the new payment option remains to be seen.
If the integration is successfully implemented and adopted by merchants, it could be another step for Solana in global payments.
Verified
Alpenglow Update โ Current status
Preparations for Solanaโs network upgrade are entering the decisive phase. Over the past few days, several important developments have taken place:
BLS keys now live on Mainnet
Validators can and must register their BLS public keys. These are a prerequisite for Alpenglowโs new consensus mechanism.
โ
Validator Admission Ticket (VAT)
The new Validator Admission Ticket is the next step. It is a core component of Alpenglow.
โ
Agave 4.3 is being prepared
Actual Alpenglow activation is tied to Agave 4.3. This version is in the final preparation phase and is the key milestone before the Mainnet rollout.
โ
Bug bounty is running
Anza has launched a bug bounty program for Alpenglow components. This indicates that developers are now primarily ensuring stability and security ahead of activation.
โ
The official goal remains activation in Q3 2026. A Solana details page states that Agave 4.3 is expected for October 2026. No binding activation date has been published.
In recent days, the average slot time on Solana has been much higher than usual. This is not proof, but if, at the same time, validators are updating their software and the preparations are underway, it could be related to the ongoing transition phase. There is no official confirmation of this.
What is clear, however, is that preparations have progressed significantly. BLS keys are live, validators are taking action, Agave 4.3 is next, and security checks are underway. Everything suggests that Solana has entered the final stage for Alpenglow.
Preparations for Solanaโs network upgrade are entering the decisive phase. Over the past few days, several important developments have taken place:
BLS keys now live on Mainnet
Validators can and must register their BLS public keys. These are a prerequisite for Alpenglowโs new consensus mechanism.
โ
Validator Admission Ticket (VAT)
The new Validator Admission Ticket is the next step. It is a core component of Alpenglow.
โ
Agave 4.3 is being prepared
Actual Alpenglow activation is tied to Agave 4.3. This version is in the final preparation phase and is the key milestone before the Mainnet rollout.
โ
Bug bounty is running
Anza has launched a bug bounty program for Alpenglow components. This indicates that developers are now primarily ensuring stability and security ahead of activation.
โ
The official goal remains activation in Q3 2026. A Solana details page states that Agave 4.3 is expected for October 2026. No binding activation date has been published.
In recent days, the average slot time on Solana has been much higher than usual. This is not proof, but if, at the same time, validators are updating their software and the preparations are underway, it could be related to the ongoing transition phase. There is no official confirmation of this.
What is clear, however, is that preparations have progressed significantly. BLS keys are live, validators are taking action, Agave 4.3 is next, and security checks are underway. Everything suggests that Solana has entered the final stage for Alpenglow.
Dwain the Hormell
ยท
--
Alpenglow
Current status on SIMD-0326
Solana -
In September 2025, 98% of the participating validators voted YES to SIMD-0326. The vote gave the green light for the introduction of Alpenglow.
The tests are now considerably further along than at the beginning of 2026
Alpenglow was initially tested in private and/or special development clusters. In the meantime, key components have been rolled out to the public test systems. The testnet was restarted on June 15, 2026.
Alpenglow is now in the middle of hands-on network and client testing.
In September 2025, 98% of the participating validators voted YES to SIMD-0326. The vote gave the green light for the introduction of Alpenglow.
The tests are now considerably further along than at the beginning of 2026
Alpenglow was initially tested in private and/or special development clusters. In the meantime, key components have been rolled out to the public test systems. The testnet was restarted on June 15, 2026.
Alpenglow is now in the middle of hands-on network and client testing.
Verified
South Koreaโs largest trading company is betting on Injective
POSCO International and LG CNS have selected Injective for a blockchain pilot in the Trade Finance area. For the first time, real trade receivables from real international transactions will be tokenized on the Injective blockchainโnot test data, but actual transactions.
POSCO International is one of South Koreaโs largest trading companies and operates more than 80 branches worldwide. After the pilot is completed in the second half of 2026, the company plans to define a framework for a phased rollout into day-to-day operations.
This is still a pilot. However, the first real use case has already been successfully completedโwhich is an important proof that the technology works with real trade data.
If the pilot scales successfully, Injective could become infrastructure for a portion of the global trade finance marketโa market with an annual volume of several trillion US dollars.
POSCO International and LG CNS have selected Injective for a blockchain pilot in the Trade Finance area. For the first time, real trade receivables from real international transactions will be tokenized on the Injective blockchainโnot test data, but actual transactions.
POSCO International is one of South Koreaโs largest trading companies and operates more than 80 branches worldwide. After the pilot is completed in the second half of 2026, the company plans to define a framework for a phased rollout into day-to-day operations.
This is still a pilot. However, the first real use case has already been successfully completedโwhich is an important proof that the technology works with real trade data.
If the pilot scales successfully, Injective could become infrastructure for a portion of the global trade finance marketโa market with an annual volume of several trillion US dollars.
Solana โ The 10 most important developments of the week
โข Morgan Stanley has enabled Solana for eligible E-TRADE customers, thereby opening access for around 8.7 million households.
โข Mubadala Capital launched its Alternative Solutions Fund on Solana via KAIO.
โข Ramp introduced 24/7 stablecoin accounts and payments that are processed through Solana.
โข Tokenized Intel shares (INTC) are now tradable via Backpack Securities.
โข Pump.fun introduced BOOST mode, which provides liquidity for buybacks and burns following token migrations.
โข Cross-chain swaps to Solana are now available via Risedotrich.
โข Trading volume for tokenized assets on Solana hit a new record in Q2 with $5.8 billion (+114% compared to the previous quarter).
โข The stablecoin USDG surpassed $1 billion in circulating volume in just five months.
โข Solana Consumer Cards reached a new monthly record in Q2 with $94.32 million in card top-ups.
โข Kamino OnRe exceeded a market size of $200 million.
Once again, an eventful week. Institutional players, stablecoins, tokenized assets, and DeFi continue to grow on Solana. The week highlights strong progress both in real-world usage and in the networkโs infrastructure.
โข Morgan Stanley has enabled Solana for eligible E-TRADE customers, thereby opening access for around 8.7 million households.
โข Mubadala Capital launched its Alternative Solutions Fund on Solana via KAIO.
โข Ramp introduced 24/7 stablecoin accounts and payments that are processed through Solana.
โข Tokenized Intel shares (INTC) are now tradable via Backpack Securities.
โข Pump.fun introduced BOOST mode, which provides liquidity for buybacks and burns following token migrations.
โข Cross-chain swaps to Solana are now available via Risedotrich.
โข Trading volume for tokenized assets on Solana hit a new record in Q2 with $5.8 billion (+114% compared to the previous quarter).
โข The stablecoin USDG surpassed $1 billion in circulating volume in just five months.
โข Solana Consumer Cards reached a new monthly record in Q2 with $94.32 million in card top-ups.
โข Kamino OnRe exceeded a market size of $200 million.
Once again, an eventful week. Institutional players, stablecoins, tokenized assets, and DeFi continue to grow on Solana. The week highlights strong progress both in real-world usage and in the networkโs infrastructure.
Dwain the Hormell
ยท
--
Solana: The 10 Most Important Events This Week
1. 24/7 Trading with US Stocks
Backpack Securities launched a broker for real US stocks on Solana.
No synthetic derivativesโtokenized stocks with 24/7 trading.
SK Hynix became tradable on Solana on the same day as the Nasdaq listing.
2. Solana processes over 1 billion non-vote transactions
Not validator votes, but real user transactions.
3. Tokenized stocks are surging
Tokenized stocks SPCX, MU, SNDK and DRAM together reached $166 million in weekly trading volume.
4. Ondo Finance launches 24/7 tokenized stocks
Ondo is one of the largest RWA projects. Now minting, redemption, and trading around the clock on Solana.
5. SK Hynix goes live
A billion-dollar company becomes tradable on Solana immediately after its Nasdaq listing. This demonstrates how quickly traditional securities can be brought on-chain.
6. Solana surpasses the 1000th epoch
A technical milestone. Not price-relevant, but a symbol of the networkโs stability.
7. Marsal accepts USDC on Solana
A real company is accepting customer payments over Solana for the first time.
8. Jito + Privy
Institutional transaction landing to execute large orders efficiently
9. Exponent Strategy Vaults
New on-chain asset management.
More capital can be managed automatically on Solana.
10. Solana Mobile
Seeker Summer Quests launch.
More user activity for the Solana Mobile ecosystem.
โธป
Tokenized stocks, institutional infrastructure, payments, and RWA (Real World Assets)โthese are exactly the areas where Solana is currently trying to establish itself as infrastructure for traditional financial markets. The news about Backpack, Ondo, and tokenized stocks fits this strategic focus.
Solana and Injective are putting RWAs and tokenized securities front and center. This suggests that these areas are currently one of the most important growth trends in the crypto market. Itโs no longer the futureโitโs happening now.
1. 24/7 Trading with US Stocks
Backpack Securities launched a broker for real US stocks on Solana.
No synthetic derivativesโtokenized stocks with 24/7 trading.
SK Hynix became tradable on Solana on the same day as the Nasdaq listing.
2. Solana processes over 1 billion non-vote transactions
Not validator votes, but real user transactions.
3. Tokenized stocks are surging
Tokenized stocks SPCX, MU, SNDK and DRAM together reached $166 million in weekly trading volume.
4. Ondo Finance launches 24/7 tokenized stocks
Ondo is one of the largest RWA projects. Now minting, redemption, and trading around the clock on Solana.
5. SK Hynix goes live
A billion-dollar company becomes tradable on Solana immediately after its Nasdaq listing. This demonstrates how quickly traditional securities can be brought on-chain.
6. Solana surpasses the 1000th epoch
A technical milestone. Not price-relevant, but a symbol of the networkโs stability.
7. Marsal accepts USDC on Solana
A real company is accepting customer payments over Solana for the first time.
8. Jito + Privy
Institutional transaction landing to execute large orders efficiently
9. Exponent Strategy Vaults
New on-chain asset management.
More capital can be managed automatically on Solana.
10. Solana Mobile
Seeker Summer Quests launch.
More user activity for the Solana Mobile ecosystem.
โธป
Tokenized stocks, institutional infrastructure, payments, and RWA (Real World Assets)โthese are exactly the areas where Solana is currently trying to establish itself as infrastructure for traditional financial markets. The news about Backpack, Ondo, and tokenized stocks fits this strategic focus.
Solana and Injective are putting RWAs and tokenized securities front and center. This suggests that these areas are currently one of the most important growth trends in the crypto market. Itโs no longer the futureโitโs happening now.
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