Solana has received another major injection of stablecoin liquidity after Circle reportedly minted an additional $1 billion in USDC on the network around July 1. The move adds to a year that has already seen unusually large gross USDC issuance on Solana, a chain where stablecoins have become central to swaps, leverage, payments, and on-chain…
Tag: Solana
Solana Meme Coin Fever Returns As Celebrity Tokens Hit Multimillion-Dollar Caps
TL;DR Celebrity-linked meme coin launches on Solana are drawing attention again after new tokens reached multimillion-dollar market caps.Solana’s low fees and fast settlement make it a natural home for rapid retail token launches.The same conditions that make these tokens move quickly also make them extremely risky. Solana’s meme coin machine appears to be waking up…
Solana SOL Reclaims $72, But Fading On-Chain Metrics Signal Weakening DEX Momentum
TL;DR SOL reclaimed the $72 level after a technical rebound. DefiLlama-linked data shows softer TVL and DEX volume trends on Solana. The article focuses on divergence between price action and underlying network activity. Price Recovery Versus Weaker Defi Activity: Why This Story Matters Solana SOL Reclaims $72, But Fading On-Chain Metrics Signal Weakening DEX Momentum…
Toss Bank Tests Solana Stablecoin Rails For Overseas Transfers
TL;DR South Korea’s Toss Bank is testing Solana-based remittance and settlement infrastructure. The proof of concept points to stablecoins becoming a practical bank payment rail. The project matters because Toss Bank serves a large mainstream user base rather than only crypto-native customers. Solana Gets A Bank Remittance Test Toss Bank is testing Solana-based infrastructure for…
Toss Bank And Solana Foundation Team Up On Stablecoin Remittance Test
South Korea’s Toss Bank has signed a memorandum of understanding with the Solana Foundation to test blockchain-based global remittance infrastructure, adding another traditional finance name to the growing list of firms experimenting with stablecoin settlement rails. TL;DR Toss Bank has signed an MoU with the Solana Foundation. The partnership focuses on a proof-of-concept for global…
Securitize Expands Tokenized CLO Fund To Solana As Ethena Plans $250M Allocation
Securitize is expanding its tokenized AAA CLO fund to Solana, while Ethena is evaluating a proposed $250 million allocation that would bring another traditional credit product into the stablecoin collateral conversation. TL;DR Securitize has expanded its STAC tokenized AAA CLO fund to Solana. Ethena is evaluating STAC as a potential USDe and USDtb backing asset.…
Solana Policy Institute Urges Senate To Protect Developers In CLARITY Act Debate
The Solana Policy Institute is urging Senate leaders to preserve protections for open-source developers and validators as lawmakers debate the CLARITY Act, adding another crypto industry voice to one of the most important U.S. policy fights of the year. TL;DR The Solana Policy Institute is pushing lawmakers to protect developer and validator activity. The issue…
Solana (SOL) Back On The Defensive—Can Bulls Prevent Another Drop?
Solana failed to stay above $67 and corrected some gains. SOL price is moving lower and might aim for another increase if it stays above $63.00. SOL price started a downside correction below $66 against the US Dollar. The price is now trading below $65 and the 100-hourly simple moving average. There was a break…
Livestream Chaos 2.0? Pump.Fun Under Fire Over New Bounty Feature
Pump.fun has launched a new feature that allows users to pay “anyone” to do “anything”, which has triggered a wave of concern across the crypto community, with critics warning it could revive the same dangerous behavior that fueled the platform’s 2024 livestream scandal. Pump.Fun Launches Bounty Feature For ‘ANY’ Task On Thursday, Solana’s memecoin launchpad,…
Solana Just Made History, Could A Massive Recovery Be Next?
Solana has made history by posting an unprecedented streak of monthly losses, placing the cryptocurrency at a critical crossroads. While the trend remains bearish, similar conditions in previous cycles have preceded major recoveries. Solana Records An Unprecedented Eight Consecutive Red Months In a recent market market stands within its broader cycle. Drawing comparisons to the…