Solana (SOL) — Onchain News & Whale Tracking

VanEck Solana Spot ETF with the ticker code VSOL has been listed on the DTCC official website.

On June 18th, according to the official website of the DTCC, the VanEck Solana Spot ETF has been listed on the DTCC website with the ticker symbol VSOL, and its creation/redemption status is marked as D. Although this does not signify any regulatory approval or a definite outcome of the approval process, being listed on the DTCC website is regarded as a part of the "standard procedure" for launching a new ETF.

The SEC Delays Approval of Franklin's XRP and Solana Spot ETF

On June 18th, as per market reports, the U.S. Securities and Exchange Commission (SEC) has postponed the approval of the Franklin XRP Spot ETF and the Solana Spot ETF.

Solana Co-Founder: Cardano's Proposal to Use Treasury Funds to Purchase Bitcoin is "Extremely Stupid"

On June 16th, Anatoly Yakovenko, a co-founder of Solana Labs, opposed the latest proposal put forward by the Cardano leadership to convert a portion of their treasury funds into Bitcoin. He stated that this idea is flawed, indicating poor treasury management and sending a wrong message to the Cardano community. He remarked: "Projects should hold 18-36 months' worth of operating funds in short-term U.S. Treasuries, and that's the extent." The controversy stems from a proposal made by Charles Hoskinson, the founder of Cardano, on June 13th, suggesting that the blockchain network could convert $100 million worth of ADA tokens from the treasury into Bitcoin and stablecoins. Hoskinson mentioned that the goal was to enhance Cardano's decentralized finance (DeFi) capabilities and address issues within its stablecoin ecosystem. However, critics believe that the proposal shows a lack of confidence in the ADA token. Crypto trader Aaron Dishner argued that this move could be perceived as Cardan

Public Blockchain Activity Rankings in the Past 7 Days: Solana Maintains the Top Spot

According to BlockBeats on June 16th, data from Nansen indicates that during the past 7 days, the top five public blockchains in terms of the number of active addresses are ranked as follows: Solana (31.526 million), Base (7.821 million), BNB Chain (7.095 million), Tron (6.105 million), and Aptos (4.462 million).

Arbitrum, Solana, and Unichain ranked as the top three chains for cross-chain bridge net inflow over the past week.

On June 16th. According to data from DefiLlama, the net inflow of funds to the Arbitrum cross-chain bridge was $656 million in the past week. Subsequently, Solana and Unichain had net inflows of $81.11 million and $79.98 million respectively. Ethereum, Bera, and Avalanche witnessed net outflows of $390 million, $78.98 million, and $32.41 million respectively.

The market value of meme coin Aura on the Solana blockchain has exceeded $240 million, reaching an all-time high.

On June 15th, BlockBeats reported that according to GMGN market data, the market capitalization of the Solana-based meme coin Aura surged to $240 million, reaching an all-time high. It showed a 24-hour increase of 30.76%, with the current market capitalization reported at $223 million and a 24-hour trading volume of $24.1 million. BlockBeats reminds users that meme coins usually lack practical use cases and exhibit significant price volatility. Please invest with caution.

Fidelity Files S-1 for Solana Spot ETF with Staking Option Included

On June 14th, as per market reports, the asset management giant and ETF issuer Fidelity has submitted an S-1 application for a Solana spot ETF. It is worth noting that this ETF provides a staking option for users.

Invesco Galaxy Solana ETF has been registered in Delaware.

On June 13th, based on market information, the Invesco Galaxy Solana ETF has been registered in Delaware.

Polygon introduces its native POL token to Solana via Wormhole's NTT framework

On June 12, according to official channels, Polygon has introduced its native POL token to Solana by utilizing Wormhole's Native Token Transfer (NTT) framework. Wormhole declared, "By making use of NTT, Polygon guarantees that the core functions of POL (such as facilitating transactions, safeguarding the network, and enabling community governance) remain unchanged while expanding into Solana's ecosystem and user base."

The market cap of Meme coin Aura on the Solana blockchain briefly surpassed $150 million, hitting a historic high.

GMGN Product Update: Added 3 new protocols to the Solana chain scanning section, and marked the new USD1 pool on the BSC chain.

According to BlockBeats, on June 12th, GMGN released a product update with the following six key points: Three new protocols have been added to the tri-column of the Solana scan chain, enabling users to view tokens in more protocols. Security filtering options such as burn pools and blacklists have been added to help filter out risky tokens. The Solana chain now supports chain scanning and filtering by pool size. The BSC chain now includes USD1 pool labeling. Profitability now has a new field, making calculations more accurate. A custom theme functionality has been added.

SOON (Solana Optimistic Network) secures a $5 million strategic investment from institutions including Jump Crypto and Amber Group.

According to BlockBeats on June 11th, as reported by The Block, SOON (Solana Optimistic Network) has obtained $5 million in strategic investment from Jump Crypto, Amber Group, and angel investors. The participating angel investors include Nana Murugesan from zkSync, Mark Hull who is the co-founder of Kamino Finance, Chris Hermida who is the founder of Switchboard, and Tori Cohen from Wormhole. SOON intends to utilize these funds to provide high-performance chains and trading tools, further expand into the RWA (Real-World Asset) sector, and enhance its copy trading products.

Moody's Tests Municipal Bond Credit Ratings on the Solana Blockchain

On June 11th, as per a report by CoinDesk, the global credit rating behemoth Moody's has successfully completed a test in collaboration with the tokenization startup Alphaledger. The aim was to embed municipal bond credit ratings onto the Solana blockchain. During this trial, an API was employed to seamlessly integrate Moody's rating data directly into the tokenized securities on the blockchain, thereby offering institutional investors with real-time and dependable credit information. This undertaking is anticipated to propel the growth of real-world asset (RWA) tokenization. Boston Consulting Group and Ripple have projected that this market could expand to a value of $18.9 trillion by 2033. Moody's has declared that it will persist in exploring the utilization of its ratings within the digital financial ecosystem and may potentially extend this to other fixed-income products like corporate bonds in the future.

Bloomberg Analyst: Get Ready for a Potential "Alt-ETF Summer", Solana ETF May Be Approved First

June 11 - Bloomberg's senior ETF analyst, Eric Balchunas, posted on social media, saying, "Be prepared for a possible Altcoin ETF Summer, with Solana likely to take the lead (alongside some combo products)." According to an earlier report, Bloomberg ETF Analyst James Seyffart released the latest predictions regarding the approval probabilities for crypto spot ETFs. The approval probability for combo/index funds, Litecoin, and Solana is estimated to be 90%, XRP at 85%, while the approval probability for Dogecoin and HBAR is expected to be 80%. Cardano, Polkadot, and Avalanche are predicted to have a 75% approval probability. SUI is expected to have a 60% chance, and it is anticipated that the review results for Tron/TRX will be announced as early as 2026.

Bloomberg Analyst: The probability of approval for a basket/index fund, Litecoin, and Solana spot ETFs reaches 90%

On June 11th, Bloomberg ETF analyst James Seyffart presented his latest forecasts regarding the approval probabilities of cryptocurrency spot ETFs. In his view, combination/index funds, Litecoin, and Solana stand a 90% chance of getting approved. XRP has an 85% probability. Meanwhile, Dogecoin and HBAR are anticipated to have an 80% likelihood of approval. Cardano, Polkadot, and Avalanche are estimated to have a 75% possibility of passing. The probability of SUI's approval is predicted to be 60%. It is expected that the review results for Tron/TRX will not be announced earlier than 2026.

The U.S. SEC requests potential Solana ETF issuers to submit revised S-1 filings.

BlockBeats has reported that on June 11th. According to Blockworks which cited three sources with knowledge of the matter, the U.S. Securities and Exchange Commission (SEC) has asked potential Solana ETF issuers to submit revised S-1 filings within the next week. Two of the sources further added that the SEC indicated that it would provide feedback within 30 days after the submission of the S-1 filings. The sources disclosed that the SEC requested issuers to update terms related to in-kind redemptions and how staking would be managed. It was noted that the SEC seemingly showed an open attitude towards incorporating staking into the Solana ETF. One source estimated that these updates might lead to the approval of the Solana ETF within three to five weeks. Bloomberg Intelligence analyst James Seyffart told Blockworks that he expects the Solana ETF could be approved this year, possibly as early as July. Seyffart wrote in a report this week: "We believe that the SEC may address the Solan

CoinShares Solana ETF Registered in Delaware

According to market sources reported by BlockBeats on June 11th, the CoinShares Solana ETF has been registered in the state of Delaware in the United States.

French Société Générale Bank Launches USD Coin USDCV on Ethereum and Solana

On June 10th, as per Cointelegraph, Société Générale's crypto subsidiary, Société Générale - Forge, declared the commencement of a novel stablecoin tied to the US Dollar. According to the announcement made on June 10th, this stablecoin is named USD CoinVertible (USDCV) and will be issued on the Ethereum and Solana blockchains. The UK financial services company BNY will serve as the custodian of the assets underlying this stablecoin. This release comes after the company launched the Euro-pegged stablecoin EUR CoinVertible (EURCV) in April 2023, which was intended for institutional clients at that time.

Canary Marinade Solana ETF is registered in Delaware

On June 10th, the Canary Marinade Solana ETF was officially registered in Delaware. Marinade serves as a liquidity staking protocol within the Solana ecosystem.

Over the past 7 days, the Tether supply on the Tron network increased by 1.04 billion USDT, while the USDC supply on the Solana network decreased by 99 million USDC.

On June 9th, as monitored by lookonchain, in the past 7 days, the supply of stablecoins (USDT and USDC) on the Tron network has gone up by 1.04 billion. In contrast, on Solana, the supply of stablecoins (USDT and USDC) has decreased by 99 million.

Public Blockchain Activity Last 7 Days Ranking: Solana Holds Top Position

On June 9th, based on Nansen data, the top five blockchains in terms of the number of active addresses in the past 7 days are: Solana (34.69M), Ethereum (11.35M), Tron (8.279M), BNB Chain (6.162M), and Avalanche (4.093M).

Play Solana: Player2 will mint on June 16th, with a phased rollout to multiple communities

On June 6th, Play Solana announced that its new NFT series "Player2" will commence official minting on June 16th. It is open to the following four groups: holders of Player1, participants in the PSG1 presale, applicants to the application system, and designated members of the whitelist community. The total supply of "Player2" is 8,000 pieces. Player1 holders can claim one piece for free, and PSG1 presale participants can directly participate in minting. During the application phase, there will be two application methods: locking 1 SOL or applying without locking. The locked option will increase the chances of being selected. Non-selected applicants will receive a refund on the minting date. The whitelist community will have the opportunity to mint first-come, first-served through Magic Eden. Additionally, both Player1 and Player2 NFTs will earn XP (experience points) at the same rate in the Play Solana game and will be eligible for future TGE rewards and PLAY token distributions. Pla

Binance Wallet launches Solana Staking Yield Season Exclusive Event with a total prize pool of $1 million

On June 5th, as per official channels, Binance Wallet declared the commencement of the Solana Staking Season exclusive event. Through depositing assets onto the Solana chain within Binance Wallet and staking SOL or BNSOL into the designated activity pool in Fragmetric or Solayer, participants are eligible to partake in sharing a $1 million prize pool.

Binance has completed the integration of Hashflow (HFT) on the Solana network and has opened deposit and withdrawal services.

On June 5th, according to an official announcement, Binance has stated that it has successfully completed the integration of Hashflow (HFT) on the Solana network and has initiated deposit and withdrawal services.

DeFi Development: Holding 621,313 SOL as of the end of May, will continue to execute Solana Treasury strategy in June

On June 3rd, the Nasdaq-listed company DeFi Development Corp (stock code: DFDV) announced that by the end of May, it held 621,313 SOL. This is an increase of +96% compared to 317,273 SOL in April, with a SOL holdings value of $97.2 million. DeFi Development will continue to implement its Solana treasury strategy in June to promote the growth of SOL (SPS) and maintain its industry leadership in the public market.

Solana Foundation Signs Memorandum of Understanding with Dubai Virtual Asset Regulatory Authority, Enhancing Collaboration on Talent and Data

On June 3rd, as per official channels, the Solana Foundation announced the signing of a Memorandum of Understanding with the Dubai Virtual Asset Regulatory Authority (VARA). This memorandum serves as the groundwork for in-depth cooperation between cryptocurrency developers and regulatory bodies. It encompasses aspects such as a talent development program, the sharing of economic impact and industry data, the hosting of workshops and advisory meetings for founders, and the support for the Dubai Solana Economic Zone. The announcement pointed out that Dubai is already among the most proactive cities globally in promoting cryptocurrency development. This collaborative effort will enable Solana founders to directly seize this opportunity.

Classover has signed an agreement with Solana Growth Ventures to advance the SOL Strategic Reserves Plan

On June 3rd, the real-time interactive online learning provider Classover Holdings, Inc. announced that it had reached a Securities Purchase Agreement with Solana Growth Ventures LLC. Under this agreement, it was authorized to issue up to $5 billion in Senior Secured Convertible Notes. This move advanced its strategic plan to establish a Solana (SOL)-based treasury reserve. The CEO of Classover Holdings said, "This agreement represents a significant milestone in the company's efforts to build a SOL-based treasury reserve strategy. By signing this agreement, Classover has reaffirmed its strong commitment to becoming a leader in blockchain finance strategy and has positioned itself as one of the first publicly traded companies to directly integrate SOL into its treasury operations."

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

On June 2nd, based on Nansen data, the top five public chains in terms of the count of active addresses in the past 7 days are: Solana (32.85 million), Avalanche (11.616 million), BNB Chain (7.235 million), Tron (6.255 million), and Algorand (4.639 million).

Moonshot has launched the on-chain token LOUD on the Solana network, with a current market value of $11.6 million.

On June 1st, based on monitoring, Moonshot launched the Solana-based token LOUD, and its market value currently stands at $11.6 million.

The SEC Questions the Legitimacy of REX's Ethereum and Solana Staking ETF Submission

On June 1st, the U.S. Securities and Exchange Commission (SEC) voiced concerns regarding the Ethereum and Solana staking ETFs launched by REX Shares and Osprey Funds. It was suggested that these ETFs might not meet the definition of an investment company and an ETF under federal securities laws. The SEC pointed out that these products might have problems such as improper registration statements and misleading disclosures. A formal letter was issued to ETF Opportunities Trust. REX has stated that they will not proceed with launching the product until the relevant legal issues are settled. (Bloomberg)

REX Shares and Osprey Funds have submitted an application to the U.S. SEC to launch Ethereum and Solana staking ETFs.

On May 31st, as reported by The Block, REX Shares and Osprey Funds have submitted an application to the U.S. Securities and Exchange Commission (SEC) to initiate Ethereum and Solana staking ETFs. The newly proposed ETH and SOL funds will have "at least 80% of net assets allocated to their respective benchmark assets", which are ETH and SOL. Additionally, each fund will also set aside "at least 50% of holdings" for these cryptocurrencies. These funds will operate in the form of a "regular C corporation" to handle U.S. federal income taxes, rather than functioning as a "regulated investment company" like spot Bitcoin and Ethereum ETFs.

LABUBU's Market Cap on Solana Surges Past $65 Million, Setting a New All-Time High

Solana ecosystem token launchpad Cooking.City raises $7 million in funding, led by Jump Crypto

On May 30th, Solana's ecosystem token issuance platform, Cooking.City, completed a $7 million financing round. Jump Crypto led this round of financing, with CMT Digital, Mirana, Bitscale Capital, and EVG participating. Cooking.City is dedicated to reshaping the token issuance mechanism and presenting a sustainable, incentive-driven, community-centric on-chain issuance model. The new model proposed by Cooking.City encompasses: Value Redistribution (redistributing the majority of platform fees to developers and users), a "Confidence Pool" mechanism (requiring token issuers to pre-deposit a certain amount of funds into the smart contract), and a social-based value distribution system (introducing a referral commission system and redistributing fees within the ecosystem. Most fees are used for community referrals and transaction rewards, some are returned to the token issuer, and the rest is invested in the platform's long-term development).

Cryptocurrency Debit Card Issuer Rain Expands Stablecoin Visa Card Service to Solana, Tron, and Stellar Networks

On May 29th, according to the report from CoinDesk, the cryptocurrency card issuer Rain has expanded its support to include the Solana, Tron, and Stellar networks. This enables users to utilize stablecoins for payments at any location that accepts Visa. This update simplifies the process for enterprises developing projects on these chains to launch their own branded payment cards. It supports both custodial and non-custodial wallets and is suitable for cross-border and various payment scenarios. Users will now be able to use stablecoins for real-world expenditures, such as buying daily necessities, making corporate payments, or receiving international funds.

Moonshot has launched the meme coin KAKA on the Solana blockchain, with a market cap currently standing at $8.2 million.

On May 29th, based on monitoring, Moonshot launched a Meme coin named KAKA on the Solana network. The market value of the token currently stands at $8.2 million.

DeFi Development Becomes First Public Company to Invest in Solana Staking Token

On May 29th, as reported by Globenewswire, the Nasdaq-listed company DeFi Development Corp (stock code: DFDV) announced that it has become the first publicly traded company to make an investment in Solana Staking Tokens (LST). It will utilize the LST technology developed by Sanctum and invest a portion of its SOL holdings in dfdvSOL. dfdvSOL is a liquidity staking token that is delegated to the DeFi Dev Corp. validator, representing the underlying staked SOL assets and the accumulated staking rewards. Previously reported by BlockBeats on May 12th, DeFi Development (DFDV) announced the purchase of 172,670 SOL at an average price of $136.81, with a total value of $23.6 million. This is its largest purchase since it transitioned to the crypto sector last month. The Florida-based company currently holds 595,988 SOL, which is valued at nearly $105 million at the current price.

Moonshot Launches Solana Ecosystem Meme Coin Trenches, Currently Valued at $9 Million

On May 28th, as monitored by Moonshot Listings, Moonshot has listed the Meme coin Trenches in the Solana ecosystem. According to GMGN data, after being listed for 10 hours, Trenches currently has a market value of $9 million and a trading volume of $27.6 million. BlockBeats reminds users that Meme coins often lack practical use cases and experience significant price volatility, and caution is advised when investing.

Astra Fintech teams up with MixMarvel to launch Canada's first Solana accelerator, AMS

On May 28th, according to official information, Finfra company Astra Fintech has entered into a strategic cooperation with the South Korean gaming giant MixMarvel. They are set to launch the first Solana ecosystem project accelerator, AMS, in Canada. This accelerator will receive support from Astra's newly established $100 million special fund and will focus on incubating local projects in key areas such as asset issuance, PayFi, on-chain options, etc. It is reported that the AMS accelerator will initially be open for applications in North America and South Korea.

MetaMask Browser Extension Wallet Officially Integrates Solana Network

On May 27th, as stated in a MetaMask announcement, the most recent version of the MetaMask browser wallet extension has officially incorporated the Solana network. Mobile support is scheduled to be launched in the coming weeks.

The popular rap group's account "unboxing" Solana co-founder, allegedly involved in a 40 BTC financial dispute, has yet to determine if it was a hack.

On May 27th, the American rap group Migos disclosed Raj Gokal's personal information, who is a co-founder of Solana, on Instagram and mentioned a previous debt of 40 BTC. However, the crypto KOL @jbondwagon claimed that Migos' Instagram account was probably hacked, and the hackers were using this account to expose Raj Gokal's personal information. Earlier, Raj Gokal also mentioned that attackers had been constantly trying to take over his email, social media, Google, Apple, and other accounts. He advised users that if they noticed unusual content on their accounts (such as coin giveaways, fundraisers, etc.), it was highly likely due to a hacking incident and urged users to be vigilant.

Moonshot has launched the IBRL token on the Solana blockchain, with a current market cap of $51.9 million.

On May 27th, based on monitoring, Moonshot launched the Solana-based token IBRL, with a reported market value of $51.9 million.

IBRL is the test token of Gavel, Solana's new token issuance platform. It raised a total of 30,747 SOL (approximately $5.72 million) on May 21st.

In the past 7 days, the Tron network's stablecoin increased by $9.13 billion, while the Solana network's stablecoin decreased by $2.67 billion.

On May 27th, as monitored by lookonchain, in the past 7 days, the amount of stablecoins (USDT & USDC) on the Tron network increased by $913 million, while on the Solana network, the amount of stablecoins (USDT & USDC) decreased by $267 million.

Solana Co-founder: Cryptocurrency Entrepreneurs Should Regularly "Pre-Flight" to Mitigate Market Risk

On May 26th, the co-founder of Solana Labs, toly, posted on social media, suggesting that the founders of cryptocurrency projects should conduct a quarterly "pre-mortem" exercise to make preparations for a possible extremely severe market downturn. He put forward three key questions: if the market crashes by 95%, founders should think about what product development focus to have for the next 18 months before the market recovers, what kind of core team to build, and whether they have sufficient short-term treasury cash reserves to support operations. This suggestion is intended to help cryptocurrency entrepreneurs make plans in advance and maintain the survival and development capabilities of their projects in a bear market.

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

On May 26th, according to Nansen data, the top five public chains in terms of the number of active addresses in the past 7 days are as follows: Solana (34.69 million), Tezos (9.42 million), BNB Chain (8.079 million), Tron (6.167 million), and Algorand (4.096 million).

Cathie Wood: TRUMP Coin Launch Making Institutional Investors More Cautious, Team Exploring Solana Price Model

On May 25th. Cathie Wood, the CEO of ARK Invest, stated at the Solana Accelerate event taking place in New York on May 23rd that although cryptocurrency wallets are likely to become more prevalent in the future, cryptocurrency ETFs will still maintain a long-term presence in the market as they offer users a more convenient means of participation. She said, "ETFs are an important transitional form. Compared to the complexity of wallet operations, many consumers simply wish to 'press a button' to make investments." Wood emphasized that wallets will be more akin to an "insurance mechanism," while ETFs are suitable for users seeking convenience. Wood also mentioned that the Ethereum spot ETF does not support staking, which has had an impact on its market performance. She pointed out that Ethereum remains the preferred entry point for new users to understand the smart contract ecosystem and may gradually transition to chains like Solana in the future. She also noted that the event of Trum

Solana co-founder Toly posted about IBRL, causing the related token to spike 10% briefly

On May 25th, the co-founder of Solana, Toly, retweeted a project development vision shared by a member of the DoubleZero team on the X platform, mentioning "IBRL." The token with the same name may have been affected by this, experiencing a brief 10% increase, with a current market capitalization of $45.59 million. BlockBeats reminds users that the price of the related token is highly volatile, and users should invest carefully.

Swiss watchmaker Franck Muller has launched the Solana watch collection, priced at around $24,356

On May 25th, the Swiss watchmaker Franck Muller launched a series of 1,111 watches that are linked to Solana wallets. The binding is achieved through a QR code on the watch. Each watch is individually numbered and priced at 20,000 francs (approximately $24,356).

Solana Launches Solana Attestation Service (SAS) New Verification Service

On May 24th, Solana made an announcement regarding the launch of a novel verification service known as the Solana Attestation Service (SAS). This service can be employed to verify any form of content and is specifically engineered to furnish a trust layer for the Internet capital market. The SAS enables off-chain data to be linked with any Solana wallet. As a result, applications now have the capability to verify information such as Know Your Customer (KYC)/identity proof, investor accreditation, and on-chain reputation. Moreover, it achieves this while safeguarding privacy through signature-based verification.

WalletConnect is expanding token support to Solana and conducting a 5 million WCT airdrop.

On May 24th, the cross-chain protocol WalletConnect announced that its governance token WCT has officially landed on the Solana network and will airdrop 5 million WCT to active Solana users. This integration marks the commencement of WalletConnect's "multi-chain process," with integrations with more chains already in the process of development. Pedro Gomes, the founder of the WalletConnect Foundation, stated that the protocol is transitioning from "Ethereum-centrism" to a "chain-agnostic protocol," and its in-depth collaboration with the Solana ecosystem has been ongoing for several months.

An address bought 826,000 SOON tokens in the past 50 minutes, becoming the largest individual SOON holder on the Solana network.

On May 23rd, according to the monitoring of @ai_9684xtpa, an address spent $449,000 within the past 50 minutes and purchased 826,000 SOON at an average price of $0.5436. As a result, it became the top SOON holder on the Solana network.