Solana (SOL) — Onchain News & Whale Tracking

Solana and other institutions have proposed to the SEC, advocating for the issuance and trading of securities on the public blockchain.

On May 1st, the Solana Policy Institute, Superstate Inc., and Orca Creative recently submitted a joint proposal to the U.S. Securities and Exchange Commission (SEC), named "Project Open". This proposal advocates for the issuance and trading of securities based on public blockchain in order to improve market efficiency and support existing regulatory objectives. The proposal encompasses: digital equity registered as Token Shares, wallet addresses verified through Know Your Customer (KYC) and training, an on-chain shareholder registry, non-custodial or compliant custodial wallet structures, an instant settlement mechanism, and a peer-to-peer trading model based on smart contracts.

Solana's on-chain Meme coin GORK has surpassed a $50 million market cap within 5 hours of its launch and is now listed on Moonshot.

On May 1st, as monitored by Moonshot Listings, Moonshot has launched the Meme coin GORK (New XAI gork) on the Solana blockchain. According to GMGN data, GORK's market value exceeded 50 million US dollars within 5 hours of trading. Currently, it is at 45 million US dollars, with a 5-hour trading volume of 123 million US dollars. BlockBeats Note: Meme coins are highly volatile and are heavily influenced by market sentiment and concept hype with no actual value or use case. Investors should be aware of the risks.

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

On May 1st, as monitored by WhaleAlert, 2 minutes ago, the USDC Treasury on the Solana blockchain minted an extra 2.5 billion USDC.

Solana Ecosystem Token Dominates Binance Alpha Trading, Top Three Account for Nearly 55.5% of 24-Hour Volume

On April 29th, based on the monitoring of @ai_9684xtpa, among the top 3 tokens traded on Binance in the past 24 hours in terms of volume, they are KMNO, POPCAT, and FARTCOIN. These three tokens accounted for 55.5% of the total volume, and all of them are tokens in the Solana ecosystem.

1inch has expanded to the Solana network

On April 29th, as reported by The Block, the cross-chain decentralized exchange aggregator 1inch has launched on the Solana network. The project team indicated that this integration has introduced its Fusion protocol, on-chain exchange functionality, and six developer APIs, endowing this blockchain oriented towards speed.

Solstice Labs is set to launch the interest-bearing synthetic stablecoin USX and native staking protocol on Solana this summer.

On April 29th, as reported by TheBlock, Solstice Labs made an announcement. It stated that it will introduce an interest-bearing synthetic stablecoin named USX and a native staking protocol onto the Solana blockchain during this summer. USX attains delta-neutral yield by means of arbitrage and staking strategies. It is fully backed by USDT and USDC to keep the peg intact. Holders have the ability to access the YieldVault protocol. Currently, stablecoins on the Solana blockchain account for more than 5% of the total stablecoin market capitalization of $238 billion. The CEO of Solstice Labs pointed out that USX will transparently offer retail users income opportunities that were previously exclusive to institutions in the DeFi space.

Circle issues 250 million USDC on the Solana blockchain

On April 28th, as monitored by Onchain Lens, Circle minted 2.5 billion USDC on the Solana blockchain.

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

On April 28th, according to Nansen data, the top five public chains ranked by the count of 7-day active addresses are: Solana (26.543M), Unichain (5.805M), Tron (5.47M), BNB Chain (5.236M), and Base (4.752M).

Moonshot Launches New Meme Coin Mog Coin (MOG) on Solana Network

On April 28th, as monitored by Moonshot Listings, Moonshot has launched a new Meme coin named Mog Coin (MOG) on the Solana network. It is reported that the initial market capitalization is $2.5 million and the 24-hour trading volume is $596,000. BlockBeats Note: Meme coins are prone to significant price volatility. They are often driven by market sentiment and hype surrounding a concept rather than having actual value or a use case. Investors should be cautious about the risks involved.

In the past week, the Solana-based DEX trading volume reached $19.359 billion, ranking first globally.

On April 27th, based on DeFiLlama data, during the past week, the DEX trading volume on the Solana blockchain reached $19.359 billion, with a weekly growth rate of 23.53%. This trading volume exceeded that of Ethereum, which was $12.105 billion, making Solana the top public blockchain. Binance Smart Chain (BSC) came in third place with $8.813 billion.

USDC Circulating Supply on Solana Surpasses 10 Billion

On April 26th, according to Solscan data, the circulating supply of USDC on Solana has exceeded 10 billion and now amounts to 10,443,337,954.43 USDC.

Solana's On-Chain Stablecoin Market Cap Surpasses $12.8 Billion, Reaching an All-Time High

On April 24th, as per the data from DefiLlama, the market capitalization of on-chain stablecoins on Solana reached $12.884 billion, reaching a new record high.

Circle has minted 13 billion USDC on the Solana blockchain as of 2025

On April 24th, as monitored by Onchain Lens, Circle has once more created 2.5 billion USDC on the Solana network. Up to now, by 2025, Circle has minted a total of 13 billion USDC on the Solana network.

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

On April 24th, as monitored by WhaleAlert, 4 minutes ago, the USDC Treasury minted an additional 2.5 billion USDC on the Solana blockchain.

RockawayX has launched a $125 million new fund, which will primarily invest in Solana ecosystem projects

On April 24th, as per the report in Forbes, the cryptocurrency venture capital firm RockawayX declared the accomplishment of its second fundraising round for the early stage, reaching a total of $125 million. This fund will mainly be allocated to invest in early-stage projects established on the Solana blockchain, with a particular emphasis on revenue-generating applications.

Moonshot has launched the meme coin DARK on the Solana blockchain.

On April 24th, based on monitoring, Moonshot has initiated the Solana-based Meme coin DARK. The market value of the token is currently reported to be $31.1 million.

Solana On-chain Meme Token Continues Surging, TROLL Soars Over 294% in 24 Hours

On April 23rd, according to GMGN data, Solana-based Meme tokens continued their rally from yesterday: TROLL exceeded a $20 million market capitalization with a 294% increase in 24 hours; ARC exceeded a $56 million market capitalization with a 49.2% increase in 24 hours; ai16z exceeded a $200 million market capitalization with a 35.2% increase in 24 hours; Swarms exceeded a $35 million market capitalization with a 58.8% increase in 24 hours; DARK exceeded a $38 million market capitalization with a 130% increase in 24 hours; RFC exceeded a $40 million market capitalization with a 62.74% increase in 24 hours; Ghibli exceeded a $6 million market capitalization with a 21.3% increase in 24 hours.

Solana On-chain Meme Token Sees Major Comeback, DARK Surges by 44.4% in 24 Hours

On April 22nd, according to GMGN data, Solana-based Meme tokens have witnessed a comprehensive rebound. This includes: The market cap of DARK has exceeded $22 million, with a 24-hour increase of 44.4%; The market cap of RFC has exceeded $32 million, with a 24-hour increase of 30.5%; The market cap of Ghibli has exceeded $5 million, with a 24-hour increase of 9.37%; The market cap of ai16z has exceeded $170 million, with a 24-hour increase of 6.1%; The market cap of Swarms has exceeded $23 million, with a 24-hour increase of 7.18%; The market cap of ARC has exceeded $45 million, with a 24-hour increase of 25.6%; The market cap of CHILLGUY has exceeded $24 million, with a 24-hour increase of 11.3%.

Coinbase now supports self-service reclamation of mistakenly sent tokens on the Solana blockchain

On April 22nd, Coinbase has now made it possible for users to self-retrieve Solana-based SPL tokens that were mistakenly sent to a Coinbase address without the need to submit a customer support ticket. This update encompasses thousands of SPL tokens and will be expanded in the future to support the recovery of more on-chain assets.

Ark Invest Increases Exposure to Robinhood Stock to Around $2.45 Million and 3iQ Solana Staking ETF to Around $5.2 Million

On April 22nd, as reported by Benzinga, Cathie Wood's Ark Invest made several portfolio adjustments last week. They augmented their holdings in Robinhood Markets Inc. by 60,266 shares via ARKK, which was approximately worth $2.45 million. They disposed of 31,817 shares of the ARK 21Shares Bitcoin ETF through ARKW, with a value of around $2.7 million. ARKF and ARKW jointly bought 500,000 shares of the 3iQ Solana Staking ETF (SOLQ.U), and the total value was approximately $5.2 million.

Solana Labs, Consensys, and Uniswap CEOs Donated to Trump Inaugural Fund in January

On April 22nd - A fresh filing submitted to the U.S. Federal Election Commission indicates that in January 2025, the CEOs of Solana Labs, Consensys, and Uniswap donated $1 million, $100,000, and $245,000 respectively to Trump's presidential inaugural fund. (Cointelegraph)

Upexi Stock Price Surges 659.91% on GSR Financing News and Solana Financial Strategy

Moonshot Launches Solana Ecosystem Meme Coins LUMO and TROLL

On April 21st, as monitored by Moonshot Listings, Moonshot has listed the Meme coins Lumo-8B-Instruct (LUMO) and TROLL in the Solana ecosystem. Currently, these two tokens remain in the "unverified" status.

GSR has conducted a $100 million equity private placement investment in the publicly traded company Upexi, Inc., which has committed to developing a Solana financial strategy.

Circle Issues 250 Million USDC on the Solana Network

On April 21st, as monitored by OnchainLens, Circle minted 2.5 billion USDC on the Solana network. From the start of the year 2025 until now, they have minted a cumulative total of 12.75 billion USDC on Solana.

Solana Staking TVL Briefly Surpasses Ethereum, High Lido Liquid Staking Ratio Raises Centralization Concerns

On April 21st, as per a report by Cointelegraph, yesterday the total value of SOL tokens staked on the Solana network briefly surpassed the market capitalization of staked ETH on Ethereum. On-chain data indicates that there are 505,938 distinct wallets staking SOL with a value of $53.9 billion on the Solana network, and the staking annual percentage yield (APY) is 8.31%. On the Ethereum network, a total of 34.7 million ETH are staked, amounting to $53.93 billion. The high staking threshold of 32 ETH (approximately $50,000) has led a large number of stakers to shift from node staking to liquidity staking protocols, which is a crucial reason for the decline in native staking on the Ethereum network. Currently, around $21.5 billion is involved in liquidity staking on the Ethereum network, and Lido alone holds an 88% market share, intensifying concerns about Ethereum's centralization. Ethereum developers are exploring solutions to promote decentralized staking.

OpenSea: Solana Token Trading Now Open to All Users

On April 20th, OpenSea announced via social media that trading of Solana tokens is now active on OS2 and accessible to all users.

PumpSwap's total user base has exceeded 1.89 million, capturing 18.2% of the Solana blockchain's on-chain DEX trading volume.

On April 20th, according to Dune Analytics, the Solana-based DEX PumpSwap, which is supported by Pump.fun, reported a trading volume of 3.456 billion USD in the past 24 hours. Its weekly trading volume exceeded 27.6 billion USD. Currently, PumpSwap has captured 18.2% of the total trading volume on the Solana DEX, second only to Raydium's 39.7% and surpassing Meteora's 15.8%. The daily active addresses of PumpSwap have exceeded 200,000. A total of 1.89 million users generate approximately 948,000 USD in daily transaction fee income. BlockBeats previously reported that Pump.fun is vying for a larger share of the Solana DeFi economy. It has launched PumpSwap, a token exchange service based on protocol liquidity pools, directly competing with automated market makers (AMMs) that specifically provide on-chain token trading in the Solana ecosystem. Pump.fun will directly provide launch liquidity for promising tokens on PumpSwap.

In the last 24 hours, Solana's on-chain DEX trading volume reached $1.887 billion, significantly surpassing Ethereum.

On April 19th, based on DeFiLlama data, within the past 24 hours, the trading volume of the Solana-based DEX reached $18.87 billion, achieving the first place. It surpassed the trading volume of the Ethereum-based DEX, which was $11.82 billion.

Moonshot has launched on the Solana blockchain as the Italianrot meme coin

On April 17th, based on monitoring, Moonshot launched the Meme coin Italianrot on the Solana blockchain. It is reported that the current market value of the token is $5.2 million.

Coinbase Completes On-Platform Solana Infrastructure Upgrade, RPC Performance Increases Fourfold

On April 17th, as per official channels, Coinbase Platform announced the completion of an on-platform Solana infrastructure upgrade. The key enhancements involve: implementing asynchronous transaction processing, which leads to a 5-fold increase in block processing throughput; adopting bare-metal servers, resulting in a 4-fold improvement in RPC performance; and enhancing system resilience through enhanced failover mechanisms, liquidity optimization, and operational controls. Coinbase has pledged to continuously invest in Solana's infrastructure to meet the future scalability requirements of Solana.

Circle has minted an additional 2.5 billion USDC on the Solana blockchain. As of 2025, a total of 12.5 billion USDC has been minted on the Solana blockchain.

On April 16th, as monitored by Onchain Lens, Circle has once again created 2.5 billion USDC on the Solana network. Up to now, Circle has minted a total of 12.5 billion USDC on the Solana network in 2025.

Bitunix Analyst: Canada Launches Solana Spot ETF, SOL Eyes $122 Support and $149 Resistance

April 16th - On April 16th, a Canadian asset management company initiated four Solana (SOL) spot ETFs on the Toronto Stock Exchange (TSX), signifying the emergence of North America's first Solana Exchange-Traded Product (ETP) featuring staking functionality. These ETFs not only monitor the USD price of SOL but also enable investors to obtain annualized staking rewards ranging from 6% to 8%, presenting a novel option for investors in pursuit of passive income. Bitunix Analyst Suggestion: The launch of the Solana spot ETF may potentially exert a positive influence on SOL's market performance. Presently, SOL's price has declined by approximately 33.21% within the past 2025 days. It is advisable to closely monitor the ETF's market reception and capital inflows. Furthermore, pay attention to whether the SOL price can maintain stability above $122 and keep an eye out for indications of breaking through $149.74. Prior to making an investment, it is recommended to implement appropriate risk m

Canada's 3iQ has selected Figment as the staking service provider for its Solana Staking ETF.

On April 16th, 3iQ of Canada's Solana Staking ETF (SOLQ) has selected Figment as the staking service provider. The ETF, which received approval from the Ontario Securities Commission (OSC) on April 14th, will be listed on the Toronto Stock Exchange on April 16th. 3iQ anticipates that the fund will have an annualized yield of 6%-8% and will stake SOL through Canada's second-largest bank, TD Bank. (Cointelegraph)

Solana Network Transaction Volume Surpasses 96 Million on April 11, Setting a New All-Time High

Update: On April 15th, based on BlockBeats' data, the transaction volume on the Solana network reached 96.1 million on April 11th, setting a new record.

In the past 24 hours, Solana's on-chain DEX trading volume has surpassed Ethereum, reaching $25.09 billion.

On April 15th, according to DeFiLlama data, in the past 24 hours, the on-chain DEX trading volume of Solana reached $25.09 billion, ranking first and surpassing the on-chain DEX trading volume of Ethereum, which was $18.95 billion.

Solana has completed the implementation of the SIMD-0207 upgrade proposal, increasing block capacity by 4%.

On April 15th, according to Solanafloor News, the Solana network has successfully implemented the SIMD-0207 upgrade proposal, resulting in a 4% increase in the block capacity limit. This upgrade is expected to enhance Solana's network theoretical transaction processing capacity.

Moonshot has launched Memecoin on the Solana blockchain

On April 15th, based on monitoring, Moonshot has initiated a Solana-based meme coin named memecoin. The current market value is reported to be $8.53 million.

OpenSea has announced that it will support Solana-based NFT trading.

On April 15th, as per official channels, OpenSea has made an announcement. It stated that Solana token trading has become operational on OS2 for certain closed beta users and will be gradually extended to a greater number of users in the forthcoming weeks. At present, only token trading is accessible, with NFT trading to be introduced at a later time.

Moonshot Launches DARK Meme Coin on Solana Ecosystem

On April 14th, as monitored by Moonshot Listings, Moonshot has listed the Meme coin DARK in the Solana ecosystem. It is reported that the market capitalization is $15.99 million.

Solana Spot ETF set to launch in Canada this week, featuring token staking

On April 14th, Bloomberg ETF analyst Eric Balchunas took to social media to report that Canada is scheduled to launch a spot Solana ETF this week. Regulators had previously granted approval to multiple issuers such as Purpose, Evolve, CI, and 3iQ. These ETF products will be supported by custody services provided by TD Bank.

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

On April 11th, as monitored by WhaleAlert, at 21:30:01 (Beijing time), the USDC Treasury minted an additional 2.5 billion USDC on the Solana blockchain.

Solana Network DEX Achieves Top Trading Volume Across Chains in the Last 24 Hours

On April 10th, as monitored by Onchain Lens, within the past 24 hours, the on-chain DEX trading volume of Solana exceeded that of all other blockchains. During the past 24 hours, the top five blockchains in terms of on-chain DEX trading volume are as follows: Solana takes the first place with $27.74 billion. The Ethereum mainnet comes in second with $27.44 billion. Arbitrum ranks third with $10.05 billion. Avalanche is in the fourth place with $9.7011 billion. And BNB Chain occupies the fifth place with $9.5337 billion.

Gate.io Launchpool Launches Solana Swap (1SOS)

On April 10th, Gate.io will launch 1SOS Staking & Mining from April 11th at 14:00 to April 16th at 14:00 (UTC+8). By staking USDT and 1SOS in the Launchpool, users can obtain 117,648 1SOS airdrop for free. Specifically, the expected APY of the USDT New User Pool is 118.26%, and the expected APY of the 1SOS Mining Pool is 535.06%. Early staking is now available.

Circle Issues 250 Million USDC on the Solana Network

On April 8th, as per the monitoring of OnchainLens, Circle has just created 2.5 billion USDC on the Solana network. As of 2025, they have minted a cumulative total of 12 billion USDC on the Solana network.

GMGN Co-Founders: GMGN Earns $60 Million on Solana, Fully Staked

On April 6th, the co-founder of GMGN, Haze, stated at the Hong Kong Web3 Carnival that GMGN had earned $60 million worth of Solana on the Solana network. However, it did not sell all of it at once. Before founding GMGN, he had spent 4 years working on on-chain data-related projects. These projects included linking on-chain addresses to Twitter, conducting frontrunning analysis, and labeling on-chain addresses. Now, by using GMGN, the transaction of Solana meme coins from on-chain to completion only takes 0.58 seconds, while Solana's average block time is 0.4 seconds.

Solana TVL Hits All-Time High in SOL Terms, DEX Activity High, But SOL Price Still Under Pressure

On April 6th, as per Cointelegraph, although SOL's price declined by 9% from March 28th to April 4th, Solana's on-chain metrics have remained robust. On April 2nd, the total value locked (TVL) for DApps on the Solana network reached 53.8 million SOL, attaining a new high since June 2022, which is equivalent to $6.5 billion, and leading BNB Chain by around $780 million. The key DApps include Jito, Jupiter, and Kamino. Simultaneously, DEX trading volume has demonstrated strength, with Solana capturing a 24% market share, surpassing BNB Chain (12%) and Base (10%). However, on April 4th, a substantial unlock of 1.79 million SOL generated selling pressure, combined with a decreasing interest in memecoins, resulting in uncertainty regarding a short-term price rebound. Despite being embroiled in MEV controversies, Solana continues to receive developer and user support in terms of underlying scalability and Web3 experience, thereby solidifying its position as the second-largest decentralized

Grayscale Submits Solana ETF S-1 Form to SEC

On April 4th, as per the U.S. Securities and Exchange Commission (SEC) website, Grayscale submitted the S-1 form for the Solana ETF to the SEC today.

The blockchain game Infected has announced it will migrate from Base to Solana, citing limitations in EVM scalability.

On April 4th, the blockchain gaming project Infected announced that it will transfer from Base to Solana. It was stated that Base was unable to handle the high volume of transactional demands when their game went live, and this issue was regarded as a structural scaling bottleneck faced by all EVM chains. The team indicated that Solana is more suitable in terms of the user base and developer culture for building consumer-facing applications. In response, Jesse Pollak, the leader of the Base Protocol, stated that the Base network was operating smoothly during Infected's launch and that the project encountered frontend issues. The Base team was actively providing support.

Circle minted 250 million USDC on Solana 5 hours ago

On April 4th, as per the monitoring of Onchain Lens, Circle minted an extra 2.5 billion USDC on the Solana blockchain 5 hours ago. As of the present moment, by 2025, Circle has minted a cumulative total of 11.75 billion USDC on Solana.