Solana (SOL) — Onchain News & Whale Tracking

Circle Issues 1 Billion USDC on Solana Blockchain, Total Supply Expansion Reaches $3.5 Billion in the Past Week

June 16: Crypto analytics firm LookOnChain reports stablecoin issuer Circle minted an additional $1 billion in USDC on the Solana blockchain today, continuing its recent trend of large-scale USDC expansion. Data shows Circle has issued a total of 3.5 billion USDC on Solana over the past week, equivalent to roughly $3.5 billion.

Solana Company's Board of Directors Rejects Acquisition Offer from Forward Industries

**Forward Industries Confirms Non-Binding Acquisition Proposal for Solana’s HSDT; Target Board Rejected Offer Earlier** June 15 (Bloomberg) — Forward Industries, a treasury affiliate of Solana, confirmed Thursday it has submitted a non-binding acquisition proposal to the board of directors of Solana Inc. (ticker: HSDT), another treasury-linked firm within the Solana ecosystem. The proposal outlines a stock-for-stock business merger, with the stated aim of advancing operational integration between the two entities. Forward emphasized that initiating formal discussions would be mutually beneficial for both companies and their shareholders. However, HSDT’s board voted on June 12 to reject the acquisition proposal, noting it will not engage in any further talks on the matter. Forward stated it is “disappointed and surprised” by the decision, and reiterated its hope that the two parties can reopen communication regarding the merger. Analysts view this development as a reflection of growin

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

June 14: According to Whale Alert’s monitoring, the USDC Treasury minted an additional 250 million USDC on the Solana blockchain just two minutes ago.

This week, the US Ethereum spot ETF saw a cumulative net outflow of $14.8 million, while the Solana ETF experienced a net inflow of $4.7 million.

June 13 — Per Farside monitoring data, U.S. Ethereum spot ETFs posted a total net outflow of $14.8 million this week, while the Solana ETF recorded a net inflow of $4.7 million.

Circle to Mint 250 Million USDC on Solana

On June 12, on-chain monitoring service Whale Alert flagged that the USDC Treasury minted roughly 250 million USDC on Solana.

Circle to Mint 250 Million USDC on Solana

Whale Alert reported on June 11 that the USDC Treasury has minted approximately 250 million USDC on the Solana network.

Circle has minted an additional $500 million USDC on Solana in the last half hour

June 8: According to Whale Alert monitoring, Circle issued an additional 250 million USDC on the Solana network at 16:53 Beijing Time. Roughly half an hour later, its total USDC issuance on Solana reached 500 million.

Circle Issues Additional 250 Million USDC on the Solana Network

On June 8, according to Whale Alert monitoring, Circle minted 250 million USDC on the Solana blockchain at 16:20:41 UTC.

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

On June 7th, monitoring by Whale Alert shows that the USDC Treasury has minted an additional 250 million USDC on the Solana blockchain—this minting took place just 20 minutes ago.

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

June 5 — Per Whale Alert’s monitoring, the USDC Treasury minted an additional 250 million USDC on Solana blockchain at approximately 10:06 AM Beijing time.

Jupiter Launches Solana Native Prediction Market, Improving Market Liquidity Through Multi-Market Maker Quoting

On June 4, Jupiter announced the launch of Jupiter Forecast, a product for market makers it’s billed as Solana’s first fully native prediction market. For end users, Forecast will integrate with Jup Predict, bringing an additional liquidity model to deliver better prices and execution efficiency. Instead of trading through a single liquidity pool, users can now source their trades from multiple competing market makers. Any Prop AMM with an active market quote will automatically pair with the market maker offering the most favorable price. Jupiter emphasized it will continue collaborating closely with Polymarket and maintain support for its markets, clarifying Forecast is just an extra liquidity option for users. Moreover, each market on Forecast will have its own native token to simplify partner integrations and boost composability within the Solana ecosystem. The platform added that Forecast will launch initially with 15-minute crypto markets, with plans to expand to other timeframes

Drift announces rebrand to Solana ecosystem Perp DEX, with revenue allocated to establish a user compensation fund

On June 4, Drift Protocol laid out its top immediate priorities: relaunching its platform and restoring revenue-generating capabilities to speed up the recovery of user funds. Once back online, the platform will target becoming Solana’s largest USDT perpetual swap trading venue, with all related earnings set aside for a dedicated user compensation fund. The protocol noted that it has made meaningful progress on the relaunch thanks to strategic support from Tether and other partners. To strengthen security, Drift has appointed Noah Prince—former engineering lead at Helium Protocol—as its new protocol lead, responsible for protocol restructuring and security system overhauls. Additionally, team members from Gauntlet have joined the relaunch effort to provide risk management and treasury design support, including liquidation engine audits, funding rate optimization, market parameter adjustments, and ongoing risk monitoring. Drift has also engaged cybersecurity firm Mandiant to conduct a

Solana's official stance is to vigorously promote the development of fully on-chain perpetual contracts, aiming to become the world's most robust on-chain financial derivatives infrastructure.

June 2, Solana officially released a blog post titled "Building Fully On-Chain Perpetual Futures on Solana," signaling a major push to grow its on-chain perpetual contract (Perp) ecosystem, with the goal of positioning Solana as the world’s most robust on-chain financial derivatives infrastructure. Right now, most crypto derivatives trading either takes place on centralized exchanges or relies on hybrid models with off-chain matching engines — a phase Solana views as transitional. The blockchain’s vision is to build a fully on-chain derivatives market where every process (order submission, price updates, matching, clearing, etc.) runs on-chain while maintaining institutional-grade speed and low costs. The Solana Foundation will provide funding, technical support, and resources, focusing on backing projects that meet key criteria: fully on-chain execution, price discovery driven by genuine bilateral liquidity (not just pool-based pricing), Solana-first alignment, on-chain revenue shar

Bithumb will list the Solana Name Service (SOLNS) with the KRW trading pair

June 1 update: According to official announcements, South Korean cryptocurrency exchange Bithumb will launch the Solstice (SLX) KRW trading pair. Trading is scheduled to kick off on Monday, June 1st at 5:00 PM local time.

Solana Proposal: Introduce Base Fee on Transaction Resource Consumption, Fully Burned, Projected Daily SOL Supply Burn of Over a Thousand Coins

June 1: Solana developer cavemanloverboy has proposed SIP-547, a plan to refine SOL tokenomics via a resource consumption-based fee burning mechanism. The proposal calls for a base fee of 0.1 lamports per cost unit, charged per transaction, with all collected fees burned entirely. Right now, the network’s daily base fee burn clocks in at just around 648 SOL—an amount that’s negligible compared to the roughly 60,000 SOL in daily inflation. Per community testing data, implementing this mechanism would add an estimated 1,500 to 1,800 SOL in daily burns. It would hit liquidity provider fees by 3 to 5 percent and drive a sharp surge in transaction costs for regular users; some scenarios see costs jump by over 600 percent. The proposal explicitly notes the system can only activate after the Alpenglow consensus upgrade rolls out, and it’s currently in the community discussion phase.

Coinbase Releases Q1 Solana Validator Operations Report: Total Staked Amount Reaches 40.48 Million SOL, Accounting for 9.52% of Network Staking Total

May 28: Coinbase published its Q1 2026 Solana Validator Operations Report, which notes that participating validators collectively hold 40.48 million SOL in staked capital—representing 9.52% of the Solana network’s total stake. These validators operate across 6 countries and rely on 2 bare-metal server providers. For the reporting period, the group posted a 7.02% Annual Percentage Yield (APY), outperforming the network’s average of 6.95%. However, their block production rate was just 0.041%—a sharp contrast to the network’s average of 0.198%. Coinbase runs its validators entirely on bare-metal servers, supports multiple validator clients such as Harmonic and Jito, and adheres to scheduling policies aligned with the Solana Foundation’s guidelines. The exchange emphasizes a security-first framework for its validators, including double-signing protection, near-zero downtime deployments, and stake centralization controls. A core objective is to reduce its validators’ stake concentr

South Korean prosecutors have arrested a suspect for the first time under the Virtual Asset User Protection Act for DEX fraud related to the Solana Meme coin CATFI case.

South Korean prosecutors filed charges in the first decentralized exchange (DEX) rug pull scam case tied to a Solana ecosystem meme coin under the country’s Virtual Assets User Protection Act, local authorities announced May 27. The probe centers on the CATFI token scheme: two key suspects were arrested and prosecuted for market manipulation, one additional individual faces non-detained charges, and two others are accused of aiding the main suspects in evading authorities. The group launched CATFI on the Pump.fun platform in early 2025 before pulling liquidity (the core of a rug pull scam) after listing the token on a DEX. The lead suspect, operating under the internet persona “Eth Father,” promoted CATFI via false positive news, purchased fake social media followers, and used multiple wallets to hoard token supply and run wash trading to obscure their control over the asset. CATFI’s price spiked 1,001 times within 26 hours of its launch, drawing roughly 6,000 investors. Ultimately,

Umbra Partners with Streamflow to Launch Private Token Ownership on Solana

On May 27, Umbra and Streamflow launched their private token ownership feature on Solana, enabling projects to securely implement large-scale token ownership and distribution. Powered by Arcium’s cryptographic execution engine, Streamflow’s clients can keep using their existing distribution mechanisms—including time locks and price triggers—while gaining the ability to conceal actual token transfer records. Recipients will receive ownership tokens directly to their Umbra wallet, and every new ownership plan added expands Umbra’s shared anonymity pool. This in turn strengthens privacy protection capabilities for users and applications across the entire network.

The Billions native token, BILL, has now officially expanded to the Solana ecosystem.

On May 25, Billions’ native token BILL officially expanded to the Solana ecosystem, per official announcements. Users can now trade and utilize BILL across multiple Solana wallets and decentralized exchange (DEX) platforms, including Phantom and Jupiter. Additionally, via Sunrise, users can complete free cross-chain transfers between Billions’ previously launched blockchain and Solana. Billions is building a Universal Human & AI Network that connects humans and AI through mobile-side verification. This expansion to Solana will enable more users and AI agents to participate in the BILL ecosystem.

Solana Ecosystem Meme Coin ASTEROID Surges 48% Intraday, Ethereum Ecosystem Version Experiences Slight Pullback

Basechain DEX 24-hour Trading Volume Surpasses Solana, Ranking First

Per DefiLlama: Base Layer DEX hit $12.17B in 24h trading volume on May 24, topping Solana's Layer 1 DEX at $11.93B to take the No.1 spot.

Solana Treasury's Fundraising Platform Solmate Plans to Raise $11.4 Million

On May 21, Solmate Infrastructure, a Nasdaq-listed Solana treasury company, announced a registered direct offering of 2,298,000 shares of its Class B common stock at $4.97 per share. The company expects to raise roughly $11.4 million from the offering, which is projected to close around May 27, 2026, pending customary closing conditions.

Bitwise CEO: Hyperliquid and Solana are Leading the "Income-Generating Public Blockchain" Narrative, Benefiting from On-Chain Capital Market Trends

On May 21st, Bitwise CEO Hunter Horsley noted in a public post that the crypto industry is emerging with a new category called "revenue chains," currently led by Hyperliquid (HYPE) and Solana (SOL). Horsley pointed out that both projects have overlapping traits and unique strengths: robust communities, functional use cases, and loyal user bases. He added that in the future, these two could stand to benefit from structural growth in the mobile internet—similar to how iOS and Android dominate their respective markets. For "revenue chains," Horsley emphasized, their upside ties directly to the ongoing tailwind of the on-chain capital market trend. Whether you’re bullish on HYPE, SOL, or both, he stressed that the core focus shouldn’t be competition—it should be the overall growth of on-chain capital markets. He closed with: “Support on-chain capital markets. Excited to see the crypto industry’s success.”

Hyperliquid TVL Surpasses Solana

May 21: According to HTX market data, HYPE is currently trading at $56.2. Hyperliquid’s fully diluted valuation (FDV) has reached $541.07 billion, surpassing Solana’s $540.82 billion FDV.

Solana blockchain's custom stablecoin USDF is now live

Solana-based custom stablecoin USDF went live on May 20 as a collaboration between Coinbase and Flipcash. Leveraging Coinbase’s infrastructure for issuance, regulatory compliance, and settlement, USDF operates under Coinbase’s “Custom Stablecoins” program. This program allows enterprises and protocols to easily issue their own branded U.S. dollar-pegged stablecoins for use cases including payments, payroll, and cross-border settlements, while ensuring full adherence to regulatory standards.

Morgan Stanley Files Amendment to Solana Spot ETF Filing, Proposing Trading Symbol MSOL

May 20 – JPMorgan Chase filed an amended registration application for its Solana spot ETF today, selecting ticker MSOL for the product. Key details including management fees remain undisclosed as of now.

8Qef2u, the largest $ASTEROID holder on Solana, bought 10.04M $VIRL ($17.7K).

8Qef2u, the largest $ASTEROID holder on Solana, bought 10.04M $VIRL ($17.7K). This wallet already holds 25.03M $ASTEROID ($301.6K) and bought $VIRL after the official @solana account followed @virlfun.

Holding for Over 5 Years, Solana Whale Once Again Sells 30,000 SOL, Totaling Over 96,500 SOL Sold

On May 19th, data from LookOnChain shows that a crypto whale known as the "Solana OG"—who has been staking SOL for over five years—sold an additional 30,000 SOL roughly eight hours ago, worth approximately $2.56 million. This whale originally staked 991,000 SOL five years ago and has been liquidating their holdings gradually over the past year. To date, the whale has sold a total of 965,274 SOL at an average price of $143, totaling around $137.66 million. Currently, 381,140 SOL remains staked, valued at roughly $32.4 million.

Anza Recommends Solana Mainnet Validators Upgrade to Agave 4.0, Reducing Turbine Retry Latency to Approximately 0.8ms

On May 18, Solana development firm Anza announced a formal recommendation for mainnet validators to upgrade to Agave 4.0. This update brings key improvements: XDP support for Turbine, QUIC-only TPU data access, a faster replay stage, and multiple SIMD features that will roll out in this cycle. Anza noted that production testing with large mainnet validators found XDP cut Turbine retransmit latency from about 600ms to roughly 0.8ms, giving Solana critical performance breathing room to scale to 1 billion compute units (CUs) per block. Additionally, Agave 4.0 completely removes UDP transaction access, making QUIC the sole transaction submission method. The update also shifts PoH entry validation and Ed25519 signature verification off the critical path, processing those tasks asynchronously to boost replay stage performance. This upgrade will also gradually roll out several SIMD features, including p-token—an SPL Token alternative that frees up approximately 13% of block capacity—Stake

Solana-based Meme Coin TROLL Market Cap Surpasses $90 million, Surging Over 77% in 24 Hours

**May 10th** Per GMGN monitoring, Solana-based meme coin **TROLL** has surged sharply in market capitalization: it surpassed $90 million, peaking at $91.47 million—marking a 77% gain over the past 24 hours. Its 24-hour trading volume hit $12.2 million. BlockBeats notes that meme coins are extremely volatile, often driven by market sentiment and hype, with no underlying value or real-world use cases. Investors should be aware of the associated risks.

Binance's "Aura" Tweet Sparks Solana Meme Frenzy, Subsequent Content Deletion

On May 9, crypto influencer BroLeon shared a post noting a Binance “aura maxxxing” tweet had inadvertently spurred market speculation. After a brief surge for Solana-based meme coin Aura, the tweet in question was deleted. The community initially took the tweet as a sign Binance was mending ties with Solana, drawing parallels to the prior listing of meme coin Usduc on Binance US. That sparked FOMO buying of Aura, with market data showing the token surged sharply in a short window. Later, some community members spotted Binance’s main platform had removed the tweet. Market watchers say the deletion likely aims to curb overspeculation and hype around meme coins.

The Altcoin Market has seen a significant resurgence, with the Altseason Index rising to 48. Solana and the SUI ecosystem token have shown impressive performance.

On May 9, HTX market data shows the altcoin market has staged a sharp rebound. The Altcoin Season Index has climbed to 48, meaning 48 of the top 100 altcoins have outperformed Bitcoin (BTC) over the past 90 days. Meanwhile, Bitcoin’s dominance rate (BTC.D) has dropped from a recent high of 61.2% to 60.6%. Leading gainers include: - ONDO: Surged 34.5% to $0.4695 - ICP: Rose 32.8% to $3.97 - STRK: Increased 21.2% to $0.0558 - PLUME: Rose 21.03% to $0.01554 - DYM: Surged 19.9% to $0.0241 Tokens in the Solana and SUI ecosystems also posted strong gains, including: - JUP: Surged 18.7% to $0.245 - PYTH: Rose 17.5% to $0.061 - SUI: Increased 14.7% to $1.09 - DEEP: Surged 30.2% to $0.04 - WAL: Rose 11.6% to $0.086 - CETUS: Increased 12.9% to $0.031

Solana Annual Summit Breakpoint 2026 Registration Officially Opens

The Solana Foundation announced on May 8 that registration is officially open for Breakpoint 2026, its annual conference set to take place in London from November 15 to 17. London—a top global financial and tech hub—will host Breakpoint for the first time. Limited early-bird tickets are now available.

Solana-based Meme Coin USDUC Plunges Over 66% from All-Time High, Market Cap Now at $9.6 million

May 8 — Per data from GMGN (via [https://t.me/gmgnaibot?start=i_m4TE56o8](https://t.me/gmgnaibot?start=i_m4TE56o8)), USDUC, a Solana-based on-chain meme coin, currently has a market capitalization of $9.6 million. The token is down 47.9% over the past 24 hours, with its 24-hour trading volume at $9.3 million — a drop of over 66% from yesterday’s $29 million peak. **BlockBeats Note**: Meme coins are highly volatile, driven primarily by market sentiment and speculative hype, with no tangible value or real-world use cases. Investors are advised to exercise caution regarding associated risks.

Toly: Solana Network's Major Upgrade 'Alpenglow' to Launch as Early as Next Quarter

On May 6, Solana co-founder Toly announced at Consensus Miami 2026 that the network’s major "Alpenglow" upgrade will launch this year—potentially as soon as next quarter. Toly noted the upgrade will push transaction confirmation speeds near the physical "speed of light" limit, boosting the network’s speed, reliability, and transaction finality. This signals a shift for Solana: moving from its early innovation focus to a more mature phase centered on performance guarantees and reliability—critical for time-sensitive use cases like financial apps.

MoonPay has announced the acquisition of Solana's execution layer infrastructure DFlow in a deal valued at approximately $100 million, to be completed entirely in stock.

BlockBeats reported on May 6 that MoonPay has acquired DFlow, a Solana transaction infrastructure firm. DFlow counts Coinbase and Phantom wallet among its key clients, has processed over $500 billion in total transaction volume, handles roughly 10 million transactions monthly, and supports 99.9% of tokens on Solana. The acquisition is set to close as an all-stock deal valued at approximately $100 million, though MoonPay has not officially confirmed the exact figure. MoonPay CEO Ivan Soto-Wright noted that DFlow’s infrastructure will bring high-speed, reliable, and scalable capabilities to MoonPay—supporting high-frequency trading (HFT) and next-gen DeFi applications. DFlow founder Nitesh Nath said post-acquisition, the team will focus on serving emerging sectors like prediction markets.

Google Cloud and the Solana Foundation Launch AI Agent Pay-As-You-Go System Pay.sh

May 6 – Google Cloud and the Solana Foundation have jointly launched Pay.sh, a payment system for AI agents that supports on-demand API fee payments on the Solana blockchain using stablecoins. Built on the x402 protocol incubated by Coinbase, the system lets AI agents discover, call, and pay for API resources without account registration or subscriptions—enabling a "pay-as-you-go" micropayment model. AI agents can link a Solana wallet as their identity and top up balances via stablecoins or credit cards, with payments automatically completed when accessing cloud services like data analysis and model inference. Pay.sh runs on Google Cloud, connecting to backend services (including large-model calls and containerized apps) through an API proxy layer. Additionally, the system is compatible with the Machine Payments Protocol (MPP) and integrates with over 50 API service providers across use cases such as communication, e-commerce, and on-chain data. An official statement notes thi

Securitize Partners with Jump Trading and Jupiter to Launch On-Chain Compliant Stock Trading on Solana

On May 5, Securitize announced a partnership with Jump Trading and Jupiter Exchange to launch a fully on-chain, compliant tokenized stock trading service on Solana. The solution combines regulatory compliance infrastructure, liquidity support, and distribution channels—aiming to build an integrated on-chain securities trading system that accelerates the migration of traditional financial assets to blockchain.

The Solana-based Meme Coin TROLL Surpasses $55 million in Market Cap, with a 90%+ Surge in the Last 24 Hours

On May 4th, per GMGN’s monitoring (via the link: https://gmgn.ai/sol/token/i_m4TE56o8_5UUH9RTDiSpq6HKS6bp4NdU9PNJpXRXuiw6ShBTBhgH2), Solana ecosystem meme coin TROLL saw a notable surge in market capitalization. It topped $55 million, hitting roughly $55.07 million, with a 24-hour gain of 94.97% and a 24-hour trading volume of $11.1 million. BlockBeats reminds users that meme coins are highly volatile, heavily swayed by market sentiment and hype, and lack tangible value or real-world use cases. Investors should exercise caution regarding the associated risks.

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

On May 1, Whale Alert reported that the USDC Treasury has minted an additional 250 million USDC on the Solana blockchain.

Solana ecosystem DeFi protocol Carrot shuts down, May 14 deadline to withdraw remaining funds

On May 1, Solana-based DeFi protocol Carrot announced its ongoing operations have been severely disrupted due to the Drift exploit incident, and the protocol will cease operations. Carrot has set May 14 as the deadline for withdrawals of remaining funds from its Boost, Turbo, and CRT products. After that date, it will begin deleveraging the system to reduce all leverage to zero, freeing up full liquidity for CRT redemptions. The protocol noted that user deposits remain the property of users, and any funds recovered by Drift will be distributed as previously outlined—with no specific timeline provided.

ArbMe Launches Solana Axiom Transaction Cashback Chrome Extension, Allowing Users to Earn SOL Rewards

April 30th — ArbMe, a trading tool for the Solana ecosystem, has officially launched a Chrome browser extension. The extension enables users to earn SOL cashback on regular transactions, returning a portion of on-chain arbitrage-generated revenue to traders. Per its introduction, ArbMe is a non-custodial plugin that requires no user fund deposits and doesn’t disrupt original trading habits. After installation, users can conduct normal transactions on supported Solana trading platforms and view cashback rewards in real time within the plugin. Currently, ArbMe is compatible with mainstream Solana trading interfaces like Axiom, Jupiter, and Circular. It also offers an invitation commission system, where KOLs and regular users can earn a share of revenue by referring traders. ArbMe states its goal is to build a “Trade to Earn” model on Solana, ensuring a portion of the value generated by on-chain trading activities flows back to users.

South Korea's New Han Card Company is planning to test a stablecoin real-time payment on the Solana blockchain.

April 30 — Shinhan Card, one of South Korea’s top credit card firms, said it has inked a partnership with the Solana Foundation to co-build a stablecoin payment system on the Solana blockchain. As part of the tie-up, Shinhan Card is running an advanced proof-of-concept (PoC) this year, focusing on simulating real-world payment scenarios between customers and merchants on Solana’s testnet. Shinhan Card Executive Vice President Kim Young-il noted: “We plan to thoroughly assess blockchain’s practicality using Solana and actively explore next-generation financial models.” A core focus of the PoC is validating the security and stability of non-custodial wallets, which will enable Shinhan Card to scale the technology widely later. The pair will also explore a “hybrid financial model” blending traditional finance’s reliability with DeFi’s efficiency. Shinhan Card aims to use oracle technology to build its own DeFi service environment and deploy smart contracts while ensuring operational

Paxos, Solana, and other leading institutions have announced their support for the OKX Agent Payment Protocol

April 30 According to official sources, OKX Onchain OS launched its Agent Payments Protocol (APP) yesterday. Shortly after the announcement, participants across the ecosystem—including public chains, infrastructure providers, AI firms, and other players—voiced their support on X. As of now, the list of publicly confirmed supporters includes over 20 entities: Paxos, Solana, Aptos, Pharos Network, Nansen, Sui, 0G Labs, HeySorin AI, RootData, Corbits, QuickNode, Otto AI, Ethy AI, AltLayer, pieverse, Optimism, Surf AI, KITE AI, Mesh, Sahara AI, Teneo Protocol, Zerion, Alibaba Cloud, Uniswap, and more.

Solana ecosystem token swarms has seen its market capitalization rebound to $26 million, with a 24-hour increase of 30%.

Multi-Signature Protocol Developer Squads Completes $18 Million Strategic Financing Round, Led by Solana Ventures

On April 29, Squads—Solana-based multi-signature protocol developer—announced closing an $18 million strategic funding round led by Solana Ventures, with participation from Coinbase Ventures, Haun Ventures, L1D, and other investors. To date, Squads has raised a total of $42.9 million. Squads noted the new capital will be used to expand Altitude, its stablecoin-focused financial platform. Launched in December 2023, Altitude offers 24/7 global stablecoin-based payment and fund management services for enterprises. Altitude uses a self-custody wallet model, where enterprise funds are held directly as stablecoins instead of in traditional fractional reserve bank accounts. The platform also integrates compliance tools including sanctions screening, AML (Anti-Money Laundering), transaction monitoring, and KYB (Know Your Business), plus connections to payment service providers like MoonPay. Since its launch late last year, Altitude has processed over $200 million in payment volume, serving

Solana dominated the DEX spot trading in Q1 2026, capturing a 30.6% market share.

As of April 28, CoinGecko data shows: - Solana held the top spot in spot trading with a 30.6% quarterly market share, despite a 26.5% drop in trading volume. - That said, Ethereum overtook Solana in March (27% share vs. Solana’s 26%). - BSC claimed the No. 2 spot with a narrow lead over Ethereum (24.5% quarterly share vs. ETH’s 23.7%), but its volume decline was steeper. It’s expected to fall to third place in Q2. Separately, Monad—whose mainnet launched in November 2025 amid a bear market’s early stages—has seen trading volume climb steadily. It now ranks as the 10th most active chain in spot trading, topping Unichain and Optimism.

Solana-based Meme Coin SCAM Surpasses $10 Million Market Cap After 8 Hours

April 28: Per GMGN’s monitoring, the Solana-based meme coin Scam Altman (SCAM) launched and briefly hit a $10 million market cap just 8 hours after going live. It currently holds a market cap of $9.82 million with a trading volume of $19.6 million. Earlier today, Elon Musk repeatedly referred to OpenAI CEO Sam Altman as “Scam Altman” in his tweets, accusing Altman of stealing the results of a charity project to profit from billions of dollars in stock holdings. BlockBeats urges users to note that meme coin trading is extremely volatile, heavily driven by market sentiment and meme culture, and lacks real-world value or utility. Investors should exercise caution amid these risks.

Solana Quantum Roadmap Unveiled: Opting for the Falcon Approach, Existing Migration Work Ready

On April 27, Solana’s official team published an article addressing the potential impact of quantum computing on blockchains, reaffirming that the quantum threat remains years away—but the Solana ecosystem has already conducted thorough research and made technological preparations in advance. Independent validation client development teams Anza and Firedancer (representing a significant share of the network’s stake) have independently researched and unanimously agreed that a compact, high-throughput post-quantum digital signature scheme tailored for blockchains is needed. They’ve jointly selected the Falcon scheme, with both teams separately releasing initial implementation code on GitHub. Additionally, the Solana Winternitz Vault—built by Blueshift—has been operational in the ecosystem for over two years, offering a direct post-quantum transition path. Earlier this year, Google Quantum AI highlighted this Vault in its whitepaper as a leading industry example of post-quantum deve

Solana Labs has completed a roughly $8 million private sale, with Mirae Asset leading the investment.

On April 27, Solana Treasury completed a private placement, issuing 3,076,922 shares of Class A common stock at $2.60 per share. The offering raised approximately $8 million in gross proceeds, with net fundraising totaling roughly $7.9 million. Mirae Asset led the investment, and HashKey Capital participated as a backer. The company plans to use the proceeds to boost its SOL holdings and fund daily operations. Additionally, Solana Treasury entered into a put option agreement with subscribers. Under specific triggering conditions, subscribers may require the company to repurchase the shares at the original subscription price plus a 7% annualized internal rate of return (IRR).