Solana (SOL) — Onchain News & Whale Tracking

Hong Kong's first Solana ETF, the 「Huaxia Solana ETF」, has been approved and is set to be listed on the Hong Kong Stock Exchange on October 27th.

On October 22nd, as per the Hong Kong Economic Times, the Securities and Futures Commission of Hong Kong has officially given the green light to the first Solana (SOL) spot ETF. This ETF is issued by Huaxia Fund (Hong Kong) and becomes the third cryptocurrency spot ETF to be approved after Bitcoin and Ethereum. It is also the first such product in Asia. The ETF (code: 03460) is scheduled to be listed on the Hong Kong Stock Exchange on October 27th, with a Renminbi counter (83460) and a US Dollar counter (9460). The minimum trading unit is 100 shares, and the minimum investment amount is approximately 100 USD. Its virtual asset trading platform is the OSL Exchange, and the virtual asset's sub-custodian is OSL Digital Securities Limited. The management fee of the ETF is 0.99%, and the annual expense ratio is around 1.99%.

Solana Mobile will stop providing software update support for the first-generation Saga phone.

On October 22nd, Solana Mobile declared that it would discontinue the support for the first-generation crypto smartphone, Solana Saga, and would no longer furnish software updates for it. In the future, only "general consultation" support would be offered. The support cycle of the Saga lasted just over two years, which is significantly shorter than that of Apple's and Google's devices. Currently, Solana Mobile has shifted its focus to the second-generation phone, Seeker, which will receive ecosystem tokens in the future.

Solana ecosystem DEX aggregator Titan has been live for one month, with a total trading volume of approximately $30 billion.

On October 21st, the Solana ecosystem's DEX aggregator Titan announced that since its launch a month ago, the trading volume of its app has neared nearly $3 billion (excluding API). Titan is a Solana-based DEX aggregator that emphasizes optimizing liquidity, enhancing user experience, and ensuring security. Public information indicates that Titan has completed two rounds of funding, raising a total of $10.5 million. The participating institutions and angel investors include Galaxy Ventures, Mirana Ventures, Anatoly Yakovenko, and others.

「Solana Surfer」 Bought In at $7,000 Market Cap, Profited Over 2650x

On October 21st, according to GMGN data, the top address on the "Solana" leaderboard made an investment of $221.29 when the token's market value was $7,000 and has been holding it ever since without selling. The current profit is over $586,000, with a return of more than 2650 times. As of the time of writing, the "Solana" market value is reported to be $17 million. In yesterday's news, the Solana official team posted the project's Chinese name "索拉拉" on social media.

Solana Company's stock price plummeted by 60% in three days, falling below the PIPE pricing level

On October 21st, the Digital Asset Treasury company Solana Company (HSDT) announced that it will permit investors participating in its $500 million PIPE financing round to sell shares ahead of schedule. In the past few days, the company's stock price has nosedived by 60%, dropping below the PIPE pricing level. In recent times, several newly established Digital Asset Treasury (DAT) companies have been raising funds through the PIPE model to purchase crypto assets. However, as stock prices have plunged during the lock-up period, this financing model is coming under significant pressure. Solana Company (HSDT) was formerly Helius Medical Technologies and was backed by Pantera Capital. The company stated that it is unlocking its $500 million PIPE round shares early because its stock price has fallen below the initial purchase price. These shares were initially sold in a private placement in September at a price of $6.881 per share, and the company has now announced that these shares will

Solana Co-Founder Response to "New Perp Dex": Just Randomly AI-Generated Code for Fun

On October 20th, the co-founder of Solana, Toly, responded to rumors on social media about the "possible launch of a new Perp Dex" and said: "I can now understand Andre Cronje's pain. I was just having fun with Claude (Anthropic's AI), trying to see if it could generate a prototype and then testing it with surfpool. Please quickly copy this idea - I want to see if the fierce competition sparked by spot trading desks back then can be replicated in the perpetual contract field: · Develop a perpetual contract DEX program that packs all functions into a memory fragment of a single account and is equipped with an LP/risk/matching engine. · Create a routing coordinator that can automatically rebalance between any number of DEXs. Really, I just accidentally open-sourced a code repository, and the whole world went crazy like a madhouse."

Solana officially announced its Chinese name as "索拉拉".

On October 20th, Solana officially announced the Chinese name of the project "Solala" on social media. It is reported that the "Chinese Name Collection for Solana" event was hosted by Trends.fun. The name "Solala" was proposed by user X muper (@easytopredict), who got inspiration from a post by Solana Foundation Chair Lily Liu. muper stated that he won a prize in the Solana Chinese name event and, as promised, will donate the prize to his Chinese friends.

Market News: Solana Co-Founder Toly May Be Building a Perp DEX Platform

On October 20th, according to market information. Based on github details, it is reported that Solana's co-founder Toly is constructing a decentralized perpetual contract trading platform on the Solana network.

US Stock-Listed Crypto Platform Exodus Launches Common Stock Token on Solana Blockchain

On October 20th, according to official information, the self-custody cryptocurrency platform Exodus Movement, Inc. (NYSE: EXOD) announced today that the company's shareholders can now choose to hold their Exodus Class A shares on the Solana blockchain in the form of common stock tokens with the technical support of the co-transfer agent Superstate. These digital representations are not actual stock entities but rather a digital manifestation of shareholders' existing ownership as recorded by the co-transfer agent. This time, Exodus' landing on Solana is attributed to Superstate's issuance platform "Opening Bell," which enables companies to directly manage tokenized equity on blockchains such as Solana. As the first publicly listed company to offer common stock tokens, Exodus' common stock tokens now coexist on both the Solana and Algorand blockchains, highlighting Exodus' firm dedication to cross-chain functionality (including its own products).

Dark Pool Trading Platform HumidiFi has reached a trading volume of $34 billion in the past month, becoming the largest DEX on Solana

October 20th On-chain dark pool trading platform HumidiFi has emerged as the largest on Solana, setting a record of handling a trading volume of $34 billion within the past month. According to DefiLlama data, HumidiFi has surpassed the $31 billion liquidity protocol Meteora in terms of trading volume and has also outperformed Solana's flagship DEX Raydium ($21 billion). Just three months ago, the daily trading volume of this platform was barely able to break through $1 billion. Dark pool trading platforms (also known as dark pool automated market makers or proprietary market makers) are a kind of trading platform on the Solana blockchain that has witnessed a surge in popularity in recent months. In contrast to the largest decentralized exchange Uniswap, dark pool market makers operate behind the scenes. They usually do not have an official website and do not permit users to provide liquidity to earn exchange fees. These platforms often rely entirely on the liquidity provided by thei

Can you share the latest Solana Research Report on our company's website? The report highlights that after the inflation adjustment, SOL has a return rate of approximately 3%, and the average transaction fee from the beginning of the year to date is only $0.02.

On October 19th, Grayscale's latest report on Solana stated that currently, Solana is leading in terms of user activity, transaction volume, and transaction fees, which are the three most crucial metrics for measuring blockchain activity. The Solana ecosystem collects approximately $425 million in fees monthly, with an annual revenue of over $5 billion. Solana distinguishes itself in the competitive market by providing fast, low-cost transactions and a remarkable new user experience. The on-chain transaction costs have remained relatively low, with users paying an average transaction fee of only $0.02 year-to-date. Regarding the tokenomics of SOL, it currently shows a supply increase of around 4% to 4.5% per year. Additionally, SOL stakers can obtain approximately a 7% nominal staking yield. Consequently, the "actual" (inflation-adjusted) staking yield for SOL stakers is around 2.5% to 3%. If the Solana network continues to evolve over time—with more users, handling more transactions,

Public Blockchain Activity Last 7 Days Ranking: Solana Holds the Top Spot

On October 18th, according to Nansen data, the top five public chains in terms of active addresses over the past 7 days are: Solana (15.076M), BNB Chain (12.504M), Tron (6.711M), Aptos (4.205M), and Sei (4.026M).

Solana has introduced the SIMD-0337 proposal, which brings a fast leader transition mechanism to enhance network performance

On October 18th, Solana Improvement Proposal SIMD-0337 brings forth the Block Marking feature, which enables the fast leader transition mechanism in Alpenglow. This technological approach enables the leader to promptly commence block production based on the anticipated parent block without the need to wait for confirmation. This advancement leads to an approximately 120-millisecond reduction in block production time and a roughly 7.5% improvement in IBRL (Inter-Block Reliable Latency). The new mechanism is implemented through two markers, namely BlockHeader and UpdateParent, ensuring both security against malicious behavior and the maximization of network throughput. The complete technical details have been made available on GitHub.

USDC Treasury Mints 5 Billion USDC on the Solana Blockchain

On October 17, as monitored by Whale Alert, the USDC Treasury on the Solana chain minted a combined total of 5 billion USDC in two distinct transactions within a period of ten minutes.

Uniswap Web App Adds Support for Solana Network

On October 17, according to official information, the Uniswap Web App has started to provide support for the Solana network. Token swaps can now be carried out through Jupiter. In the coming days, it is planned to expand the functionality to include cross-chain capabilities, cross-chain swaps, and the integration of the Uniswap wallet.

Akash Network Founder: Actively Considering Migration to Solana

On October 15th, Greg Osuri, the founder of the distributed cloud computing protocol Akash Network, tweeted that he is "considering migrating to Solana, but it has not been made final yet. We are still actively considering 15 other chains, and their foundations have contacted our team in the past few days. The final decision-making process will be transparent, and the community will have a say in every step." Greg Osuri also added, "What is the best about Cosmos is its community and strong open-source spirit. Solana is excellent in many aspects, but I do have concerns about open source and community values."

VanEck has submitted an updated version of its Solana Staking ETF application to the U.S. SEC, with a fee of 0.30%.

On October 15th, Bloomberg analyst James Seyffart stated that VanEck has submitted an updated application for a Solana Staking ETF to the US SEC, with a fee of 0.30%.

The CAT community is launching a campaign to collect Chinese names for Solana, rewarding 100,000 CAT coins.

On October 14th, the Solana CAT community officially initiated the Solana Chinese Name Collection Activity. The purpose of this activity is to collect the most community-oriented Chinese name for Solana from Web3 players all over the world. The goal is to create a unique identity for this globally leading public chain in the Chinese-speaking world. This event provides generous rewards: Any Chinese name submission that is liked or retweeted by the Solana official account or Toly will receive 100,000 CAT tokens and 1 Cat Crew Glory Pass, with a total value of approximately $10,000. In addition, the event will randomly select 10 participants, and each of them will receive 1,000 CAT tokens, with a total value of approximately $500. As the most influential Chinese-speaking community of Solana, the CAT community hopes that through this event, they can help the "World of Solana" obtain a more community-oriented Chinese name, enabling Solana to gain greater recognition and influence in the E

Solana DApps Total Revenue Surpasses $18 Million in the Last 7 Days

On October 14th, SolanaFloor made a post on the X Platform, indicating that in the past 7 days, the DApps on Solana have collectively generated more than $18 million in revenue. Among them, the revenue of Pump.fun exceeded $8.63 million.

Trends.fun has launched the "Submit a Chinese Name for Solana" event, with a 100 SOL prize pool.

October 14th, The Tweet tokenization project Trends.fun launched the "Chinese Name Solicitation for Solana" event and set up a 100 SOL prize pool. Users can participate by quoting and retweeting the official tweet with a proposed Chinese name for Solana. The reward rules state that the most outstanding proposal tweet will receive 66 SOL, the second-place will receive 33 SOL, and another participant will be randomly selected to receive 1 SOL. The official statement mentioned that "most outstanding" may comprehensively refer to community platform data, trends on Trends, and other indicators. The event has now begun and will end on October 17, 2025, at 14:00 (UTC+8). Earlier today, the Solana official X account and founder Toly both retweeted the Trends.fun tweet about soliciting a Chinese name for Solana. Trends founder Mable said, "A few days ago, someone reminded me that Solana still doesn't have a Chinese name. Ethereum's Chinese name, Ethereum, helped ETH spread better in the East.

Solana's official Twitter account and founder Toly retweeted a post regarding the solicitation of a Chinese name for Solana.

On October 14th, Solana founder toly and the official Solana X account retweeted a proposal for a Solana Chinese name solicitation event by Trends.fun founder Mable: "A few days ago, someone reminded me that @solana does not yet have a Chinese name. Ethereum's Chinese name, Ethereum (以太坊), has assisted in the better spread of eth in the East. Perhaps it is time to listen to the community's voice now? Let's select a good Chinese name."

Play Solana announces that the PLAY presale will start tomorrow at 01:00.

On October 13th, according to official channels, Play Solana announced that the presale of its first-generation gaming handheld PSG1 token PLAY will commence on October 14th at 01:00 (Beijing time). The total supply for this Metaplex Genesis presale amounts to 1.5 billion PLAY tokens, which constitutes 3% of the total supply of 5 billion tokens. The price for Play Solana community members is $0.016 per token, while for regular users, it is $0.020 per token. Community members eligible for the discounted price include purchasers of PSG1 Wave 0, 1, and 2, NFT holders, and PlayDex's XP Farm users. All community presale tokens can be claimed directly on the purchasing platform during the Token Generation Event (TGE), with 100% unlocked at TGE and no vesting requirement.

The USDC Treasury has minted an additional 250 million USDC on the Solana blockchain.

On October 13th, as monitored by Whale Alert, the USDC Treasury minted an additional 2.5 billion USDC on the Solana blockchain.

Solana Synthetic Stablecoin Protocol Solstice TVL Surpasses $200 Million

October 13th: The Solana synthetic stablecoin protocol Solstice became live on the 12th with a TVL exceeding $200 million. Earlier in the month, it launched an interest-bearing synthetic stablecoin named USX and a native staking protocol. It attains delta-neutral returns through arbitrage and staking strategies, and is fully collateralized by USDT and USDC to maintain the peg. Holders can access the YieldVault protocol.

USDC Treasury Mints an Additional 250 Million USDC on the Solana Blockchain

On October 11th, as monitored by Whale Alert, approximately 2 minutes ago, the USDC Treasury on the Solana blockchain minted an additional 2.5 billion USDC.

Circle to Mint 250 Million USDC on Solana

On October 11th, as monitored by Whale Alert, Circle minted an additional 250 million USDC on the Solana network at 11:19 (Beijing time).

Canary submitted the sixth amendment of the Spot Solana ETF, with a fee rate of 0.5%.

On October 10th, Canary submitted a sixth revision for the Spot Solana ETF. The fee rate is 0.5% and there is no sharing of staking rewards. In contrast, Bitwise's Solana ETF has a 0.20% fee but deducts a 6% staking reward.

Solana Company has reached a custody agreement with Coinbase, Anchorage Digital, and others.

On October 10, the Nasdaq-listed company Solana Company (formerly known as Helius Medical Technologies) announced that it has entered into custody agreements with Coinbase, BitGo, and Anchorage Digital in order to support its digital asset treasury strategy and continue to accumulate Solana's native asset SOL.

Trends is launching a celebration event for the America.Fun Solana launch, with a limited 24-hour opportunity to participate and unlock Genesis Identity.

October 10th, according to official channels, the tweet tokenization project Trends declared the launch of a celebration event for the official launch of America.Fun on Solana. Users can participate in a special event from 10:00 on October 10th, 2025, to 10:00 on October 11th (UTC+8). During this period, users can interact with the tokenized promotion post of America.Fun on the Trends platform by giving it a "like" with 0.01 SOL, thereby unlocking the America.Fun Genesis on-chain identity. Users first need to connect their X account on the Trends website and deposit a small amount of SOL into the MPC wallet assigned by the system. Then, using that account, they need to interact with the specified post by sending 0.01 SOL (the amount must be exactly 0.01 SOL, and each X account can only participate once). During the event, Trends will randomly select two lucky users from all participants who successfully unlock the America.Fun Genesis identity: one will receive 20% of the creator's fe

The Solana Chain CAT Community Launches "AI Meow Mining" New Member Points Competition

On October 9th, the CAT Terminal Chinese Community officially initiated the "AI Meow Mining" recruitment competition. This event will run from October 9th to November 6th and is open to all CAT Crew players. The event adopts an on-chain snapshot points system and rewards players based on the weekly activity leaderboard and the overall points leaderboard. This recruitment event provides generous rewards: the player with the highest ranking in the weekly activity leaderboard will obtain the AI Meow Mining Glory PASS reward; simultaneously, participating players will receive CAT airdrops each week based on recruitment points. The player ranked first in the overall points leaderboard will receive a CAT Crew Alien Cat reward, and the top 50 players will receive different types of PASS card rewards. In addition, the top three users in the recruitment points leaderboard for the first two weeks will be invited to participate in the CAT Dubai Community Blockchain Life event from October

DeFi Development is pleased to announce the launch of the Japanese Solana Ecosystem project, DFDV JP.

On October 9th, as per Globenewswire, the Nasdaq-listed Treasury Company DeFi Development based on Solana announced a partnership with Superteam Japan to launch DFDV JP. It is reported that this is Japan's first digital asset treasury project focused on Solana. DeFi Development had previously launched DFDV Korea in South Korea.

Web3 fantasy sports platform Sorare will migrate to Solana.

October 9th: The Web3 fantasy sports platform Sorare is going to migrate to Solana. The official announcement indicated that in the upcoming weeks, Sorare will be interoperable with more crypto ecosystems and will support additional payment options (ETH, SOL, stablecoins). In the early part of October, the user's ETH balances will be transferred from StarkEx to Base. By the end of October, all Sorare cards will be reissued as Solana NFTs (retaining their original scarcity, XP value, metadata, and serial number).

Solana Smart Network 375ai Completes $5 Million Fundraising, Led by Delphi Ventures

On October 9th, according to Blockworks, the Solana-powered edge data intelligence network 375ai has successfully completed a $5 million funding round. The lead investors are Delphi Ventures, Strobe Capital, and HackVC. Participating investors include 6MV, ARCA, EV3, Peaq, and Heartcore. 375ai's CEO, Harry Dewhirst, stated that the project collects real-world data by monitoring vehicles in locations like Los Angeles in order to better understand consumer behavior. Dewhirst mentioned that the DePIN project is also being promoted in New York and Miami, and the team plans to enter the international market next year.

Bitwise has submitted an updated Solana ETF application, aiming to add staking functionality.

On October 9th, the Bloomberg analyst James Seyffart put up a statement indicating that Bitwise has revised its Solana ETF application to incorporate staking functionality and the management fee is 0.20%.

Ethena is partnering with Jupiter to launch the native Solana stablecoin JupUSD.

On October 8th, as reported by The Block, Ethena has entered into a partnership with Jupiter to launch the native Solana stablecoin JupUSD. The token is slated to become live in the fourth quarter. Jupiter intends to "gradually transfer" approximately $750 million of USDC from its liquidity provider pool to JupUSD.

Forward Industries has launched a Solana validation node and staked all its SOL holdings.

On October 8th, the NASDAQ-listed SOL treasury company Forward Industries officially launched an institutional-grade validation node on the Solana blockchain. This node will enable ecosystem participants to directly delegate SOL to Forward Industries for staking. Furthermore, Forward Industries has currently staked all of its held SOL on the validation node.

Play Solana game console PSG1 will issue the PLAY token, with a community allocation of 56%.

On October 6th, according to official channels, Play Solana declared that the first-generation gaming handheld PSG1 will issue the PLAY token. There is a 56% community allocation and a 44% allocation to others. Users holding the Player1 and Player2 NFTs can obtain daily XP rewards through a multiplier mechanism. Each of them will receive a one-time additional bonus: Player1 gets 10,000 XP; Player2 gets 5,000 XP. This additional XP will be released prior to the Token Generation Event (TGE) to provide holders with a first-mover advantage. Along with player NFTs, the PSG1 gaming console is also one of the highest-tier tasks. Each purchase will be rewarded with at least 1000 XP and will have additional benefits directly related to PLAY in the future. Additionally, the new badge system has extended this mechanism to a broader Solana community, granting players a cultural identity within the SuperHUB and serving as a crucial credential to receive the PLAY airdrop.

Solana Chain CAT Community Launches CAT Crew Pass Airdrop Plan

On October 5th, the community of the CAT Terminal on the Solana chain officially launched the CAT Crew Pass airdrop plan. The on-chain snapshot of the "AI Meow Mining" veteran players was completed at 0:00 on October 5th (with 1595 AI Cat users, 208 Rocket Cat users, and 73 Alien Cat users). It is reported that the CAT Crew Pass airdrop event will be open to new players in October. During the event period (October 5th to 31st), new users participating in the CAT Crew game feeding will all be eligible for the CAT Crew Pass snapshot qualification (White Cat players can receive CAT Pass, AI CAT players can receive Silver Pass, Rocket Cat players can receive Gold Pass, and Alien Cat players can receive Honor Pass airdrop). It is reported that this PASS card will play a core role after the launch of CAT Crew 3.0 in the first quarter of next year, unlocking new gameplay and generous airdrop benefits. At the same time, CAT Crew has launched the Korean version, further enhancing its influenc

Solana Ecosystem's CS2 Skin Marketplace Dupe is now live on the public testnet.

On October 5th, the CS2 skin marketplace Dupe in the Solana ecosystem launched its public test version. Users are able to trade skins using USDC.

Public Blockchain Activity Top 7 Ranking: Solana Holds the Top Spot

On October 4th, according to Nansen data, the top five public chains in terms of active addresses in the past 7 days are as follows: Solana (14.226M), BNB Chain (10.79M), Tron (6.546M), Base (5.032M), and Aptos (4.25M).

Around $100 million in assets have been bridged from Solana to BSC via Debridge in the past month

On October 4th, according to Debridge data, nearly $100 million in assets have flowed from Solana to the BNB Chain through Debridge in the past month. This amount accounts for 30% of the outflow from Solana.

Moonbirds announces the launch of the birb token on Solana

On October 2nd, Moonbirds announced on the X platform that they are going to launch the birb token on Solana.

YaoGuang Community Enters Strategic Partnership with Solana Chain CAT Community

On October 2nd, the YaoGuang Community reached a strategic partnership with the CAT Terminal Community in order to jointly accelerate the development of Solana's first AI game, CAT Crew's "AI Meow Mine." The YaoGuang Community takes its name from YaoGuang Mountain, which is the first mountain in the Classic of Mountains and Seas. It inherits the innovative spirit of YaoGuang Star and is committed to promoting the transformation from traditional finance to Web3 finance. As a Web3 community with tens of thousands of members, the YaoGuang Community has successfully incubated projects like OdinPEPE in the Bitcoin ecosystem on Odinfun. It has a strong user base and rich incubation resources. It is reported that CAT Terminal has received strategic investments from Middle Eastern crypto institution X3 Labs and Korean crypto institution BlockStreet, injecting a total of 3,000 SOL in liquidity. The CAT community is about to launch the CAT Crew Pass plan and airdrop Pass cards to players who p

Pacifica has achieved a 24-hour trading volume of $1.75 billion, ranking first on the Solana network.

On October 2nd, based on Dune data, the Solana ecosystem's Perp Dex Pacifica achieved a trading volume of $1.75 billion within the past 24 hours, claiming the top position in the Solana network's Perp Dex daily trading volume list. Currently, the platform has a total of 15,325 user addresses, with a weekly active address count of 8,954. Pacifica's founder, Constance Wang, posted on social media: "This morning, a community member showed up at the coffee shop where the Pacifica team works and brought a homemade cake just to celebrate Pacifica reaching the milestone of $1 billion in daily trading volume. Thanks to all the early supporters of Pacifica. This is just the beginning." It is reported that Pacifica is a Solana-based perpetual contract DEX founded by Constance Wang, the former COO of FTX, and two other founders in January 2025. It went live on the testnet in just two months and completed its mainnet launch on June 10. Their goal is to build a platform that integrates top tradin

Solana Ecosystem SocialFi Project Addicted Goes Live Today, Token Market Cap Surpasses 30 Million Dollars

Solana Ecosystem Re-Staking Protocol KYROS Announces Completion of Airdrop Snapshot

On October 1st, the re-staking protocol KYROS within the Solana ecosystem announced that the airdrop snapshot was successfully captured at 8 am on September 30th. Users will be able to check their airdrop status once the airdrop verification page becomes live. In addition, more information regarding KYROS, such as airdrop specifics, tokenomics, and long-term visions, will be released shortly.

SOL Big Brain Joins Solana Treasury Company Upexi Advisory Board

On October 1st, Upexi, the treasury company of Solana, announced that SOL Big Brain has joined its advisory board and will jointly establish a cryptocurrency think tank with Arthur Hayes, the co-founder of Maelstrom Fund. The company has amassed more than 2 million SOL since April, and the current holding value is approximately $4.1 billion.

Solana Spot ETF Set to Receive SEC Approval as Early as Next Week

On October 1st, insiders from three distinct ETF issuers informed Blockworks that the upcoming week might be a practical time frame for the approval of a Solana spot ETF. Nevertheless, two sources emphasized that the impending U.S. government shutdown could have an impact on the situation. One of the sources mentioned that a potential government shutdown at midnight could bring everything to a halt. Another source declared that they are "very confident" that the S-1 filing of the Solana ETF will become effective during the first half of October. It remains unclear whether the issuer anticipates that the approved spot SOL ETF will incorporate staking, but the most recent amendment to the S-1 indeed addresses staking.

Bybit-incubated DEX Byreal has fully launched on Solana

On September 30th, the decentralized exchange platform Byreal became accessible to all users on Solana. As a decentralized exchange platform incubated by Bybit, Byreal has attracted more than 374,000 whitelisted users since the start of the Beta phase on June 30th. According to DefiLlama data, Byreal's cumulative trading volume has exceeded $356 million, with a peak TVL of over $14.22 million, ranking 12th among Solana DEXes. Based on Solscan statistics, the Byreal Route protocol has a success rate of over 98%, completes quotes in as little as 10 milliseconds, achieves transaction execution speeds of less than 200 milliseconds, and maintains zero downtime throughout. During the Beta phase, Byreal introduced the Real Farmer, the first one-click replicated liquidity strategy tool in the Solana ecosystem, which enables users to view the LP real-time yield leaderboard and complete liquidity addition within a price range with one click. Byreal founder Emily Bao stated that the open acce

Republic is planning to tokenize the equity of Animoca Brands, based on the Solana network.

On September 30th, the investment platform Republic declared plans to tokenize the equity of the global Web3 company Animoca Brands, thus opening up a novel pathway for global investors to gain access to Animoca Brands. The tokenized equity will be minted on the Solana blockchain and delivered to the wallets of the participating investors. Token trading will occur on Republic's global marketplace platform. Further details regarding the tokenization process will be made public in the future.