Solana (SOL) — Onchain News & Whale Tracking

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).

Solana's On-Chain Meme Coin ASTEROID Skyrockets by 30% in a Short Period, Reaching a $7 million Market Cap

April 27 — Per GMGN monitoring data, the Solana-based meme coin ASTEROID ([https://gmgn.ai/sol/token/i_m4TE56o8_4UeLCRqARmfb6e6KQijtiktqqXUxbfk6jZng7DhuBAGS](https://gmgn.ai/sol/token/i_m4TE56o8_4UeLCRqARmfb6e6KQijtiktqqXUxbfk6jZng7DhuBAGS)) surged 30% in one hour, hitting a $7 million market cap. It’s up 160% over 24 hours, with $5.2 million in trading volume during that period. The token has been listed for 10 days and briefly topped $9 million in market cap this morning. Meanwhile, the Ethereum-based meme coin with the same theme—also named ASTEROID ([https://gmgn.ai/eth/token/0xf280b16ef293d8e534e370794ef26bf312694126](https://gmgn.ai/eth/token/0xf280b16ef293d8e534e370794ef26bf312694126))—has maintained a high valuation, currently at $129 million. It’s down 13.3% in 24 hours, with $19 million in trading volume over the same span. BlockBeats reminds users that meme coin trading is highly volatile, driven mostly by market sentiment and concept hype rather than actual value or u

Due to the influence of Solana co-founder Anatoly Yakovenko, the meme coin BURNIE surged 80% intra-day.

On April 23, GMGN monitoring (via the link [https://t.me/gmgnaibot?start=i_m4TE56o8]) reported that Solana co-founder Toly’s engagement on X triggered a temporary surge in the market capitalization of Solana ecosystem meme coin BURNIE ([https://gmgn.ai/sol/token/i_m4TE56o8_CGEDT9QZDvvH5GmVkWJH2BXiMJqMJySC9ihWyr7Spump]). BURNIE’s market cap briefly peaked at $7 million, and it currently stands at $6.05 million—representing an 80% 24-hour gain—with 24-hour trading volume hitting $1.6 million. BlockBeats reminds users that meme coins are highly volatile, relying heavily on market sentiment and concept-based speculative trading, and lack actual value or practical use cases. Investors should be aware of the associated risks.

Solana ecosystem token CWU has surged to a $24 million market capitalization, with a 60% increase in the last 24 hours.

Per GMGN data as of April 23, Solana ecosystem token CWU has seen a short-term surge, pushing its market cap above $24 million. The token is currently trading at $0.0247, up 60% over the past 24 hours. CWU serves as the native token of the CommonWealth project, a platform designed to bridge the global blockchain and digital asset ecosystems. BlockBeats notes that meme coin trading carries extreme volatility, often fueled by market sentiment and concept-driven hype, with little to no underlying value or real-world use case. Investors are advised to exercise caution amid these risks.

Solana wallet fent.sol, possibly linked to OG $PEPE whale dimethyltryptamine.eth, bought 5.66M $SPIKE 5 hours ago

The Solana wallet fent.sol, possibly linked to OG $PEPE whale dimethyltryptamine.eth, bought 5.66M $SPIKE 5 hours ago. dimethyltryptamine.eth is a legend! He spent only 0.125 $ETH($251) to buy 5.9T $PEPE($100M at peak) and sold 3.94T $PEPE for $5.74M, leaving 1.97T $PEPE($7.5M) - a 52,600x return.

Coinbase: Ethereum, Solana, and Other PoS Chains May Face Quantum Risk

On April 22, Decrypt reported that the Coinbase Quantum Computing and Blockchain Independent Advisory Board issued a report Tuesday warning Proof-of-Stake (PoS) blockchains could face heightened future quantum attack risks—sufficiently powerful quantum computers may eventually break the cryptographic signatures protecting these networks. PoS networks like Ethereum and Solana rely on such signatures: Ethereum validators use BLS signatures, while Solana validators and users use Ed25519 signatures to enable block agreement and consensus maintenance. The board stated: “Validator signature schemes for PoS chains carry exposure risks, meaning the challenge isn’t just upgrading wallets—parts of the core consensus mechanism itself may need redesign.” The report highlighted recent Ethereum developer work, including co-founder Vitalik Buterin’s February proposal to replace BLS validator signatures with quantum-resistant alternatives: KZG commitments and ECDSA wallet signatures. The c

Oversea-Chinese Banking Corporation (OCBC) has launched a tokenized physical gold fund on Ethereum and Solana.

April 21st — Lion Global Investors, the asset management arm of Singapore’s OCBC Bank (one of the country’s largest lenders), has launched a tokenized physical gold fund. Its underlying token, GOLDX, is now live on both the Ethereum and Solana blockchains. Targeted at institutional investors, hedge funds, and asset management firms, GOLDX can be traded with stablecoins and fiat currencies. Upon subscription, tokens are delivered directly to investors’ blockchain wallets. OCBC Head of Global Markets Kenneth Lai noted the move aligns with the bank’s new strategy to “bridge traditional finance and the growing decentralized finance (DeFi) ecosystem.” The tokenized fund is also designed to attract Web3 participants and high-net-worth individuals (HNWIs). GOLDX offers on-chain exposure to LionGlobal’s Singapore Physical Gold Fund, which launched in December 2023 and held ~$525 million in assets under management (AUM) as of April 16. Industry data shows tokenized real-world assets (R

Nansen Introduces Pay-Per-Use Model with USDC Settlement on Base or Solana Chain

On April 21, blockchain analytics firm Nansen announced a major upgrade to its on-chain data API, launching a pay-as-you-go model powered by the x402 protocol and PayAI infrastructure. Users can now instantly access wallet profiles, token flows, and smart money signals via small USDC payments—no monthly subscriptions, forced approvals, or long-term contracts required. Nansen noted traditional subscription models are highly unfriendly to AI agents and developers: AI agents often need intermittent queries followed by idle periods; developers face uncertain future needs during prototype testing; and researchers get locked into unnecessary fixed costs. The new solution is built around the open payment standard x402: When a user requests a paid endpoint, the server returns a 402 "Payment Required" status code with the amount, currency, and blockchain details. The client completes an on-chain USDC transaction, provides the receipt, and unlocks the data. The full "request-invoice-pay

Solana-based Meme Coin MAGA Hits $7 Million Market Cap, Reaching New All-Time High, with a 24-hour Gain of 140%

Solana's multiple protocol stablecoin lending rates and utilization soar, with Jupiter Lend's USDC utilization reaching 99%.

April 20th: Cascading effects from the KelpDAO rsETH hack have begun to ripple through the DeFi ecosystem, with stablecoin borrowing rates and utilization rates rising at multiple Solana-based lending protocols: - **Jupiter Lend**: USDC supply stands at $4.21 billion, with $3.4 billion borrowed. Excluding protocol reserve liquidity, utilization has surged to ~99% (nearly all available liquidity is lent out). Current borrowing rate: 4.36%. - **Kamino Prime Market**: Total USDC supply ~$1.868 billion, borrowings ~$1.788 billion → utilization ~96%, borrowing rate 8.92%. **Kamino Main Market**: Total USDC supply ~$1.72 billion, borrowings ~$1.64 billion → utilization ~95.75%, borrowing rate 10.2%. - **Save Finance (formerly Solend)**: Borrowing utilization exceeds 70%, borrowing rate 3.9%. - **Marginfi**: USDC borrowing utilization hits 88.32%, borrowing rate 7.65%.

The Solana ecosystem meme coin BELIEF has surged to a market capitalization of $12 million, with a 24-hour gain of 350%.

April 17 — Per GMGN monitoring (via the link: https://t.me/gmgnaibot?start=i_m4TE56o8), Solana ecosystem meme coin BELIEF surged sharply this morning. It currently holds a $12 million market cap, a 350% 24-hour gain, and $3.8 million in trading volume over the same period. The token’s narrative centers on the Proof of Belief (POB) model from Printr V2 — a project incubated by Bybit Venture Studio. BlockBeats reminds users: Meme coins are highly volatile, heavily reliant on market sentiment and hype, and lack actual value or use cases. Investors should exercise caution and be aware of these risks.

Solana ecosystem token PUMPCADE has seen its market cap surge by over $40 million, with a 41% increase in the last 24 hours

April 15th — Data from GMGN’s monitoring shows Solana ecosystem token PUMPCADE has seen steady market cap growth. The token surged sharply overnight and this morning, hitting a peak of $45 million. Its current market cap stands at $40.6 million, with a 24-hour price gain of 41% and roughly $3.1 million in 24-hour trading volume. BlockBeats Note: Meme coins are highly volatile, often driven by market sentiment and hype rather than underlying value or utility. Investors should be aware of the associated risks.

Federal Reserve Chair Nominee Powell Invested in Crypto Infrastructure Projects via Investment Vehicle, Including Compound, Solana

On April 14, cryptocurrency journalist Eleanor Terrett reported that Federal Reserve Chair nominee Jerome Powell’s financial disclosure reveals he holds early-stage investments via employment-related investment vehicles—covering a broad range of assets, including some tied to cryptocurrency infrastructure projects. The projects in question include Compound (a decentralized lending protocol), Optimism and Blast (Ethereum Layer 2 networks), and Solana. Additionally, the investments span transaction infrastructure, cryptocurrency investment firms, and platforms across sectors like artificial intelligence and biotechnology. These positions appear relatively small in scale, illiquid, and have not generated reportable income—indicating a preference for indirect, venture capital-like exposure rather than direct, tradable liquid assets.

Circle to Issue 250 Million USDC on the Solana Network

Per Whale Alert, Circle minted 250 million USDC on the Solana network at 23:45 Beijing time on April 13th.

Solana Ecosystem Meme Coin NFT Market Cap Hits $40 Million, Surges 40% in 24 Hours

April 13 — Per GMGN monitoring data (link: https://gmgn.ai/sol/token/i_m4TE56o8_Ce2gx9KGXJ6C9Mp5b5x1sn9Mg87JwEbrQby4Zqo3pump), Solana-based meme coin NEET has surged in market capitalization today, hitting $40 million. It’s currently trading at $0.039, up 40% over the past 24 hours. Previously, NEET rebounded after its market cap dropped below $7 million on February 12, and it has posted steady minor gains in recent days. BlockBeats notes that meme coins lack practical use cases, carry extreme price volatility, and investors should exercise caution.

Circle has minted 1 billion USDC on Solana in the past 24 hours

April 7th, per LookOnChain data, Circle minted 1 billion USDC on Solana within the past 24 hours. Over the past month, the company has issued a cumulative 11.25 billion USDC on the Solana network.

Circle Mints 5.5 Billion USDC on Solana in the Last 12 Hours

April 7: Per Onchain Lens data, Circle minted 5.5 billion USDC on the Solana network in the past 12 hours. Over the last 30 days, the stablecoin issuer has issued 101.9 billion USDC on Solana.

Solana Introduces STRIDE and SIRN Security Framework, Strengthening Ecosystem Monitoring and Emergency Response

On April 7, the Solana Foundation announced the rollout of a suite of security enhancements, including the STRIDE security assessment and monitoring system (led by Asymmetric Research) and the SIRN Security Incident Response Network. Specifically, STRIDE will deliver independent ecosystem protocol assessments, ongoing operational security (opsec) support, proactive threat monitoring, and formal verification backing for projects with total value locked (TVL) exceeding $100 million. SIRN—a network of multiple security organizations and research teams—will coordinate real-time responses to security incidents.

Sharps Transforms Into 「Solana Treasury」: Holds Over 2 Million SOL, 95% Staked

Sharps Technology on April 6 released its 2025 annual report, outlining a comprehensive strategy for a Solana-based digital asset treasury. The company holds over 2 million SOL—roughly 95% staked—delivering an annualized yield of ~7%. Financials show total assets jumped from $7.3M at end-2024 to $269.1M, with digital assets making up ~$250.1M. Full-year 2025 revenue hit ~$7M, of which ~$6.8M came from staking rewards—marking a sharp drop in its traditional medical equipment business’s contribution. Sharps has largely exited its inefficient manufacturing operations, pivoting to a digital asset management-focused model. It also completed a balance sheet restructuring: shareholder equity climbed to $264.4M, total liabilities fell to $4.7M, and all prior notes payable were settled. For ecosystem growth, Sharps has partnered with Coinbase, Crypto.com, BitGo, Jupiter and others, plus launched its own validation node. Additionally, Sharps raised over $430M in 2025 via equity finan

Circle has minted around 3.25 billion USDC on Solana in the past 7 days, marking the largest weekly stablecoin minting volume in 2026.

On April 6, data shows Circle has minted roughly 3.25 billion USDC on Solana over the past seven days—marking the largest single-week USDC issuance of 2026, per SolanaFloor.

Solana ecosystem token PUMPCADE briefly surpasses a $20 million market cap, with a 45% price increase in the last 24 hours

April 3rd — Per GMGN monitoring data, Solana ecosystem token PUMPCADE has hit an all-time high market cap, briefly topping $21.1 million before retracing to roughly $18.55 million. The token is up 45% over the past 24 hours. The project behind the token, Pumpcade, is a prediction market built on Pump.fun. It took third place in a March hackathon, earning a $250,000 investment from the Pump Fund — Pump.fun’s in-house investment arm.

Solana Foundation Chair: Drift Attack Stemmed From Human Error, Not Smart Contract

On April 2nd, Solana Foundation Chair Lily Liu posted a statement: "The Drift incident has had a far-reaching impact, rippling across the entire ecosystem. The Drift team is working around the clock to investigate and contain the situation, and we are fully committed to providing support. The smart contract itself has held up to scrutiny. The attack’s actual target is people — tied more to social engineering and operational security gaps, not code-level exploits. Solana has weathered multiple challenges before, advancing through faster iteration, better infrastructure, community support, and enhanced security. Stay vigilant, review your security settings thoroughly, and keep building. We’ll provide updates on any new developments as they emerge."

Solana Foundation Executive: Drift Hack was an Isolated Incident, Does Not Represent Systemic Risk to Solana DeFi

On April 2nd, Vibhu Norby, Chief Product Officer at the Solana Foundation, said in a post that Drift has faced a highly sophisticated attack, with the attack’s origin still under investigation. Notably, the incident is not linked to program or smart contract vulnerabilities. Like most recent crypto attacks (including those targeting Bybit, Neutrl, and Step), this appears to stem from an operational security (opsec) or social engineering compromise—rather than contract-related risk. Unfortunately, the incident involves a Solana-based project. But in reality, any protocol relying on multisig protection is vulnerable to similar attacks across any blockchain. As the investigation progresses, the industry can expect a range of lessons learned to be summarized and shared. This is an isolated incident, however, and does not signal any systemic issues with Solana DeFi or other Solana products. Norby added he believes the Solana DeFi community will regroup and rebuild quickly, as it ha

Solana Ecosystem Token PUMPCADE Market Cap Surges Over $15 Million, 24-hour Growth of 35%

Wormhole Response to Drift Event: Some Cross-Chain Transactions on Solana Experience Delay Due to Built-In Security Mechanism

On April 2nd, Wormhole released a statement on X regarding the Drift Protocol exploit incident. The statement confirmed that Wormhole user assets are not currently at risk, and its cross-chain bridge functionality remains operational. That said, some cross-chain transfers may face delays due to a built-in security mechanism targeting Solana. Wormhole’s core contributors have been in contact with the Solana ecosystem team and will continue providing support as needed.

SBI Holdings' B2C2 Designates Solana as Primary Network for Institutional Stablecoin Settlement

April 1st (The Block) — Cryptocurrency liquidity provider B2C2 has designated Solana as its core network for stablecoin settlement with institutional clients, routing and settling large-scale stablecoin trades primarily via the blockchain. The firm will support stablecoins including USDC, USDT, PYUSD, USDG, USD1, EURC, and FDUSD on Solana. Founded in 2015, B2C2 is a pure institutional liquidity provider whose clients include Standard Chartered Bank, Anchorage Digital, and Bitget. Robinhood previously disclosed in SEC filings that B2C2 is one of its two main crypto market makers. Solana’s position in the stablecoin sector continues to strengthen: its stablecoin trading volume hit $650 billion in February this year, doubling the prior monthly record; its stablecoin market cap roughly doubled in 2025, rising from ~$5 billion to ~$15 billion. Visa, Mastercard, PayPal, Western Union, and Worldpay have all integrated Solana. However, Solana’s stablecoin market cap still lags far behind

Circle Issues 250 Million USDC on the Solana Network

On March 30, Circle minted 250 million USDC on the Solana network at 23:26 Beijing time, per data from Whale Alert.

Solana-Based Meme Coin VDOR Market Cap Surpasses $15 Million, Suspected Rug Pull by UGOR Team

March 30th – Per GMGN monitoring (link: https://gmgn.ai/sol/token/i_m4TE56o8_VDoRrZix72Er41foJAdKrwFqYNozPbktuPa4Xy1A7Au), Solana-based meme coin VDOR has trended steadily upward in a stepwise pattern since March 21st. As of today, its market cap has topped $15 million, with a 10% 24-hour gain and ~$1.9 million in trading volume. Over half the funds held by VDOR’s top 100 addresses trace back to the same team (addresses starting with G2YxR). This team previously ran meme coin UGOR (link: https://gmgn.ai/sol/token/i_m4TE56o8_UGoRwdj9SK78V6Pq9YMz9BvmNuJTLNqPZyS5WnGd8uW) with an identical playbook: UGOR’s market cap spiked unilaterally to $23 million on March 19th before crashing below $5 million, then plunged again on March 21st. VDOR launched the same day and quickly surged past $5 million—timing that strongly points to a pump-and-dump scheme. BlockBeats Note: Meme coin trading carries extreme volatility, relying heavily on market sentiment and hype with no underlying value or

Solana Treasury Funded Company Artelo Biosciences Raises $11 Million

**March 29th — Artelo Biosciences, a company linked to the Solana Treasury and traded on U.S. stock exchanges, announced a private placement of 3,188,407 common shares at $3.45 per share, raising $11 million total. The new proceeds will support general corporate purposes and repay a portion of its outstanding bridge loan. As of March 29th, Artelo holds 45,883 SOL.**

USDC Treasury Mints Additional 250 Million USDC on the Solana Blockchain

On March 27th, per Whale Alert data, the USDC Treasury minted an additional 2.5 billion USDC on the Solana blockchain.

Watch.fun Completes $8.6M Funding Round, Led by Crypto.com Capital and Solana Ventures

On March 26, Tech in Asia reported that Watch.fun—a real-time social entertainment platform—has secured an $8.6 million funding round co-led by Crypto.com Capital and Solana Ventures. Spartan Capital, Big Brain Holdings, Griffin Gaming Partners, Animoca Brands, Morningstar Ventures, OrangeDAO, and other investors also joined the round. The capital will be used to accelerate product development, expand its curated product catalog, deepen strategic partnerships, and grow its team.

Solana Foundation Updates Validator Delegation Program Participation Requirements, Effective May 1

As of March 26, SolanaFloor reports the Solana Foundation has unveiled updates to its Validator Delegation Program requirements, set to take effect May 1, 2026. The new mandates require validators to follow a fair transaction ordering rule, avoid transaction censorship, meet stricter block time standards, and adhere to limits on Autonomous System Numbers (ASNs) and data center centralization—aimed at reducing network infrastructure centralization risks.

Solana Foundation: Has Processed 15 Million On-Chain AI Smart Contract Payments, Stablecoin Emerging as Default Settlement Instrument

On March 26, Vibhu Norby—Chief Product Officer of the Solana Foundation—told attendees at the New York Digital Asset Summit (DAS) that the Solana network has processed 15 million on-chain payments from AI agents, primarily for machine-to-machine business interactions, with stablecoins serving as the default settlement tool for AI agent compute and services. Norby noted the programmable nature of AI agent payments gives it a unique edge in the crypto payment space, adding this trend will fundamentally reshape the internet’s commercialization model by enabling microtransactions as low as fractions of a cent (billed per usage)—a capability traditional payment rails lack. When AI agents choose a crypto payment method, Solana consistently ranks highly. He expects 95% to 99% of future crypto transactions will be initiated by large language models, and users’ primary interaction with crypto networks will shift to AI agents.

Solana Foundation Announces Launch of Developer Platform for the AI Era: SDP

March 24 — Per official sources, the Solana Foundation today launched the Solana Developer Platform (SDP), an AI-era developer tool built for enterprises and financial institutions to easily build, deploy and launch financial products on Solana via APIs. The SDP integrates top-tier Solana ecosystem infrastructure into a unified interface, helping institutions enter the market efficiently, compliantly and at scale. It features three core API modules supporting a range of use cases: - The Issuance module enables users to issue tokenized deposits, GENIUS-standard stablecoins or tokenized real-world assets (RWA); - The Payments module supports fiat-stablecoin fund flows, including fiat on/off-ramping and on-chain stablecoin transactions, covering B2B, B2C and P2P payment scenarios; - The Trading module supports financial activities including atomic swaps and liquidity pools. As of now, the Issuance and Payments modules are officially live, while the Trading module is set to lau

Solana Foundation Chair: Play-to-Earn has "died," Industry's Billions of Dollars Investment Could be One of the Worst Bets

On March 21, Solana Foundation Chair Lily Liu stated that the blockchain gaming industry "will not recover." She noted that while the sector once aimed to fuel Web3 and the metaverse via on-chain assets and open worlds, real-world performance has fallen far short of expectations. Solana was once seen as one of the most promising public blockchains for large-scale blockchain games, thanks to its high performance and low-cost support for real-time interactions. Projects like Star Atlas and Stepn gained early attention, but the broader GameFi space has been in steady decline since its 2021 peak. Market analysts point out that blockchain games have long relied on "Play-to-Earn" and other token incentive models—but they lack the gameplay depth and content to attract core gamers, leading to weak user retention and unsustainable ecosystems. Firms including Andreessen Horowitz (a16z), Framework Ventures, and Animoca Brands have poured billions into the sector, with meager returns to show

Solana-based Meme Coin Lobstar Surges Over 35% in a Short Time, Reaching a Market Cap of $5.8 Million

Security Alert: Cysic Foundation Account Posting Fake Solana On-Chain Token CA

Security Alert: March 17 The Cysic Foundation account has posted a fake Solana on-chain token CA — users are urged to exercise caution and protect their assets. This morning, the official Cysic statement confirmed that the @cysic_fdn Foundation account has been compromised. The team is revoking associated access and restoring the account’s security.

Solana Foundation Launches Token Explorer and Aggregator - Tokens on Solana

On March 17th, the Solana Foundation’s product team launched Token Search and the Liquidity Aggregator for **Tokens on Solana**—tools built to tackle the challenge of multiple variants of non-native assets on the blockchain. Tokens on Solana centralizes all token variants tied to the same real-world asset onto a single page, giving users one-stop access to: - Real-time price data - 24-hour price changes - Trading volume - Liquidity depth - Search functionality This helps users quickly spot the best prices and trading opportunities. Additionally, the official X account for Tokens on Solana will publish global news using a mix of AI and human editing, with links to relevant trading assets included.

Solana Spot ETF Sees Record $967M Net Inflow

On March 17, according to Farside data, U.S. Solana spot ETFs recorded a net inflow of $2.1 million yesterday (March 16). Since their launch, cumulative net inflows into U.S. Solana spot ETFs have hit $967 million. Bitwise’s BSOL led the pack with the largest individual net inflow at approximately $785.8 million.

Citi, PwC, and Solana complete a Trade Finance Tokenization Proof of Concept

On March 16th, Citigroup, PwC and Solana jointly wrapped up a trade finance tokenization proof of concept (PoC). Suppliers can now issue tokenized payment commitments, sell them at a discount to banks, and settle instantly—no months of waiting. This move by traditional financial giants exploring real-world assets (RWAs) on Solana sends another clear signal.

Solana Superteam USA has been officially formed with the mission to accelerate entrepreneurs from across the United States joining the Solana ecosystem.

March 13th — Solana Superteam USA has officially launched, with a mission to accelerate U.S.-based entrepreneurs joining the Solana ecosystem. Founded by Nicky Scanz (also the founder of decentralized validation project Layer33 and host of podcast *The Index Show*), the initiative builds on his background: Scanz previously got his start with a Solana community NFT project, then pivoted to ecosystem development and strategic consulting, and now focuses on growing the U.S. Solana builder community.