Solana (SOL) — Onchain News & Whale Tracking

Solana’s token rent reduction feature is now live on the mainnet beta.

Solana core development team member Anza announced that the token rent reduction feature has launched on mainnet beta. Step 1 of Solana’s proposal SIMD-0437 was activated in epoch 1028. This marks the first of five functional gates aimed at cutting Solana’s overall per-byte storage cost by 90%. Step 1 reduces the required lamports per byte from 6,960 to 6,333. Each subsequent functional gate will only be activated after state growth checks pass at the current rent level. The team will gradually and safely lower the cost to the final target of 696, rather than following a fixed timeline.

Circle mints an additional 250 million USDC on the Solana blockchain.

Per Whale Alert monitoring, Circle minted an additional 250 million USDC on the Solana network at 18:13 Beijing time.

Standard Chartered: Monthly stablecoin trading volume reaches $7 trillion, with Solana accounting for roughly one-fifth of that volume.

Solana’s official podcast *House of Sol* recently interviewed Geoff Kendrick, global head of digital assets at Standard Chartered. Kendrick noted that global monthly stablecoin trading volume has reached roughly $7 trillion, with Solana handling about one-fifth of these transactions. The two also discussed trends in stablecoin payments and settlement by 2026, as well as how different blockchain networks are developing their own application niches. Kendrick further shared progress on enterprise adoption of stablecoins, stating that enterprise use cases will be a key driver for the further mainstream adoption of stablecoins.

Jupiter launches Universal Deposit, supporting one-click cross-chain swap of multi-chain assets to USDC on Solana.

According to official announcements, Solana ecosystem trading aggregator Jupiter has launched its cross-chain deposit feature, Universal Deposit. Users no longer need bridging tools to send tokens from any supported chain to Jupiter, and will receive USDC directly in their Solana wallets. The feature automatically integrates routing, cross-chain bridging, and swap workflows, eliminating the need for users to switch networks or execute additional transactions. Currently, Universal Deposit supports asset deposits from networks including Ethereum, Base, Arbitrum, and Sui, with users able to complete operations using their existing wallets. The service applies a unified fixed rate, charging $0.30 per transaction regardless of the transfer amount—whether it is $100 or $10 million. Jupiter noted that the feature is designed to deliver a more convenient cross-chain asset transfer experience.

Robinhood Chain's daily fees reached $3.75 million, exceeding the combined total of Solana, Ethereum, and Base.

According to on-chain data, Robinhood Chain's on-chain fees reached $3.75 million in the past 24 hours, exceeding the total fees of three public chains—Solana, Ethereum Mainnet, and Base—over the same period.

Solana Foundation Chairman: Funds, Assets, and Ownership Are Entering the "Token Supercycle"

Solana Foundation Chair Lily Liu published an article stating that funds, assets, and ownership are migrating to all-weather internet infrastructure, giving rise to a long-term "token super cycle". Tokenization is not merely moving assets onto the blockchain—it transforms the assets themselves, enabling value to be issued, held, financed, and traded in a non-stop market. She noted that stablecoins have already proven funds can flow globally on-chain; financial institutions are driving asset tokenization; blockchain infrastructure is now meeting the speed and cost requirements of real economic activities; and AI economic agents need programmable currency. As these factors converge, any value with clear ownership could be tokenized, gaining broader distribution, financing, and trading channels. Over the past year, Solana-based Real World Asset (RWA) trading volume reached hundreds of billions of U.S. dollars, covering tokenized U.S. Treasuries, stocks, and private credit; during the same period, stablecoin transfers exceeded $4.7 trillion. Liu added that tokenization also allows more investors to break through geographic, minimum investment, and eligibility restrictions, while enabling held assets to be used as collateral or generate yields. Although the current on-chain market size is still far smaller than traditional markets, related infrastructure could reach 5.5 billion global internet users in the future.

Pump.fun Launches On-Chain Limit Order Functionality on Solana

Pump.fun official announcement: The limit order feature for the Solana blockchain is now live, enabling users to set take-profit and stop-loss orders in the Pumpfun application.

Solana's non-voting cumulative transaction volume hit an all-time high in August, reaching 5.2 billion transactions.

Solana officials stated that the Solana network processed 5.2 billion non-voting transactions in August, marking an all-time high and a 19% rise from the previous record set in July.

Solana-based AMM Aquifer was hacked, suffering losses of approximately $2.5 million.

Solana-based automated market maker (AMM) Aquifer was hacked on August 31, incurring losses of approximately $2.5 million. The protocol later issued an on-chain "white hat" offer, demanding the attacker return at least 80% of the stolen funds to designated Solana and Ethereum recovery addresses by 22:00 on September 3, with the attacker permitted to retain up to 20% as a bounty. The project team has committed to not filing civil lawsuits against the attacker if the terms are met.

Solana is set to launch Transaction V1 on September 9, and will further reduce its block time interval.

Solana Foundation Technical Vice President Jacob Creech has published a post announcing that Solana is set to undergo several key changes. Next week, the network will take the first step toward rent reductions. Transaction V1 will officially launch on September 9, while slot time (the interval between block productions) will be further shortened. Additionally, Solana plans to roll out the Alpenglow upgrade in October and host the "Scale or Die" event in November. Creech noted that with these changes implemented, "Solana’s development will be fundamentally different moving forward."

Solana supply tightening proposal progress: 'Double Deflation' reaches the 2/3 vote approval threshold for passage.

According to official sources, the voting phase for Solana’s "Double Deflation" proposal has concluded, with a voter participation rate of 60.69%. Of the votes cast, 67% were in favor, 25.16% opposed, and 7.84% abstained, meeting the required two-thirds approval threshold for passage. The proposal aims to cut SOL’s inflation rate to roughly half, lifting its deflation rate to 30%. Current estimates project the proposal will reduce total SOL issuance by approximately 18.9 million coins over the next six years. Separately, the voting phase for the "Resource and Inclusion Fees" proposal has also wrapped up, with a participation rate of 61.14%. Here, 53.9% of votes were in favor, 18.92% opposed, and 27.18% abstained, falling short of the two-thirds threshold needed to pass. This proposal would introduce a transaction fee mechanism based on resource consumption, charging fees based on network resources consumed by transactions, and is expected to boost daily SOL burn from the current ~650 coins to between 7,500 and 9,000 coins.

Bitwise’s Solana ETF surpasses $1 billion in assets under management, marking the first such product of its kind.

Bloomberg ETF analyst Eric Balchunas noted that Bitwise’s Solana ETF has just surpassed the $1 billion mark, becoming the first Solana ETF to hit this milestone. Cumulative inflows across the entire Solana ETF category now stand at $1.7 billion. Even amid the "nightmarish" market downturn in the first half of this year, inflows saw almost no sustained outflows, demonstrating robust performance.

First phase of SIMD-0437 launched on Solana testnet, with a planned final 90% reduction in storage costs.

Solana development firm Anza announced that the Solana testnet has activated Phase 1 of the SIMD-0437 proposal, officially launching testing of its account rent reduction mechanism. The proposal includes a total of 5 functional gates; only the first is currently active, and not all adjustments have been completed or deployed to the mainnet. Once all 5 phases are finalized, Solana’s per-byte storage parameter lamports_per_byte will drop from 6960 to 696, a total 90% reduction. Taking token accounts as an example, the deposit required to keep an account rent-free is projected to fall from approximately $0.16 to $0.016, cutting costs for account creation and application deployment.

Meme coin roundup: AI-led rally surges over 50% to a new high; newly listed Solana (SOL) hot token FONE sees a nearly 700% price jump with $80 million in trading volume.

According to GMGN market data, today’s meme coin market has entered a phase of divergence. Strong-performing tokens on Robinhood Chain have pulled back from their highs, but capital has not significantly exited the market—instead, it is continuing to seek new relay opportunities within the chain. The AI-themed meme coin Artificial Inu (AI) hit a new all-time high, while FONE has emerged as a standout on Solana, with the short-term market still focused on high-volatility meme coins. On Robinhood Chain, CASHCAT has pulled back after hitting a phase high, currently trading at ~$0.203, with a market cap of ~$204 million. Its all-time high market cap stood at ~$257 million, down 12.1% in 24 hours, and 24-hour trading volume is ~$34.1 million. PONS also corrected from a high, currently priced at ~$0.112, with a market cap of ~$114 million, all-time high ~$149 million, down 8.6% in 24 hours, and 24h trading volume ~$15.7 million. Meanwhile, Artificial Inu (AI) continues to strengthen, hitting an all-time high market cap of $95.7 million at one point. The meme coin is currently trading at ~$0.0878, with a market cap of ~$87.17 million, up 50.4% in 24 hours, and 24h trading volume ~$15.5 million. AI’s core narrative combines AI and Inu dog themes, making it one of the strongest relay tokens on Robinhood Chain recently. The new hotspot on the Solana network is FONE, a meme coin currently priced at ~$0.0222, with a market cap of ~$22.1 million, all-time high ~$32.2 million, up 692% in 24 hours, and 24h trading volume ~$80 million. Full name apeonfone, FONE is a newly launched phone-themed meme coin on Solana that has quickly attracted short-term capital thanks to its new token narrative and extremely high turnover.

Bitwise's Solana Staking ETF Hits New All-Time High in Daily Trading Volume

According to official sources, Bitwise’s Solana Staking ETF (BSOL) recorded a trading volume exceeding $126 million yesterday, hitting an all-time high. The total trading volume of BSOL over the past seven trading days has reached $500 million. Separately, HTX market data shows that SOL’s price crossed $110 last night and is currently trading at $108.8.

After nailing a long position on Ethereum (ETH) that generated over $11 million in profits, a crypto whale has once again opened a 20x leveraged long position on 100,000 Solana (SOL).

According to Lookonchain’s monitoring, trader 0xedcd—who went long on 20,000 ETH (worth ~$49.9 million) ahead of the market rally and reaped over $11 million in profits—has just opened a new position: going long on 100,000 SOL with 20x leverage, with the position valued at roughly $10.45 million.

Solana's treasury firm DeFi Development Corp has resumed buying SOL, adding 19,000 SOL tokens to its holdings, bringing its total position to 2.33 million SOL.

According to SolanaFloor’s monitoring, Solana’s treasury firm DeFi Development Corp. has resumed buying SOL, purchasing 19,000 SOL tokens for $1.86 million at an average price of $98.14 per token. Its current SOL treasury holdings have increased to 2.33 million tokens, valued at approximately $182 million.

Solana’s double deflation proposal has reached quorum, with a participation rate of 33.84%

According to SolanaFloor’s monitoring, Solana’s "Double Deflation" proposal has reached quorum with 27 hours remaining before the voting deadline. The current voter turnout stands at 33.84%, with 25% of votes cast in favor. If the proposal is ultimately approved, SOL’s inflation rate will drop to roughly half its current level, lifting its deflation rate to 30%. Based on current estimates, the proposal would reduce SOL’s total supply by approximately $1.47 billion over the next six years, corresponding to around 18.9 million SOL tokens.

Circle has minted an additional 500 million USDC on the Solana blockchain over the past six hours.

According to Whale Alert monitoring, at 06:41 and 13:12 Beijing time on August 26, Circle minted an additional 250 million USDC on the Solana blockchain each time, totaling 500 million USDC across the two minting operations.

Meme Crypto Roundup: PONS keeps hitting new all-time highs, Lobster surged over 80% to a new peak before pulling back, and the new Solana token Pistacio has attracted notable attention.

The recent meme coin market remains in a highly volatile rotation phase. After multi-chain hot sectors rallied collectively yesterday, capital has begun shifting rapidly between networks including Robinhood Chain, BSC, and Solana. Old hotcoins fluctuate at high levels, while new narratives continue to absorb short-term liquidity. On Robinhood Chain, CASHCAT remains in high-level consolidation, trading at approximately $0.202, with a market cap of around $203 million, an all-time high (ATH) of $241 million, and 24-hour trading volume of about $41 million. Additionally, PONS continues to strengthen, trading at roughly $0.11, with a market cap of ~$109 million, ATH of $119 million, and 24-hour volume of $19.6 million. PONS is the native token of Pons, a leading meme coin launchpad on Robinhood Chain. On BSC, Niu Lai has started consolidating after a consecutive downtrend, while another relatively old meme coin, Lobster, has surged, hitting an ATH market cap of ~$48.97 million before quickly pulling back. The meme coin is currently trading at ~$0.034, with a market cap of $34.2 million, a 24-hour gain of ~35%, and 24-hour volume of $5.5 million. The hot topic on Solana has shifted to new meme coin Pistacio, trading at ~$0.0103, with a market cap of $10 million, ATH of $17.8 million, and 24-hour volume of $30 million. Pistacio’s core narrative comes from a green character created by crypto meme artist Marcello, later packaged by the community as a new meme asset on Solana.

Circle minted approximately 1 billion additional USDC on the Solana blockchain over the past day.

According to SolanaFloor's monitoring, Circle minted approximately 1 billion additional USDC tokens on the Solana blockchain over the past 24 hours.

Progress on Solana Supply Tightening Proposal: Community Turnout Rates All Below 17%, Still Need to Hit the 1/3 Participation Threshold

The Solana community is advancing two governance proposals, SGP-0002 and SGP-0003, aimed at tightening SOL token supply via a dual mechanism of reducing new issuance and increasing token burns. SGP-0003 (with detailed mechanisms outlined in SIMD-0553) proposes introducing a resource consumption-based transaction fee model, charging fees based on network resources consumed by transactions. It is projected to lift daily SOL burns from the current ~650 tokens (≈$65,000) to 7,500–9,000 tokens (≈$750,000–$900,000). The other proposal, SGP-0002 (detailed in SIMD-0550), plans to double SOL’s annual inflation reduction rate, bringing the 1.5% minimum inflation target forward to 2029 (from the original 2032). It is expected to cut ~18.9 million SOL in new issuance over the next six years, worth ~$1.89 billion at current prices. Both proposals have entered the voting phase. SGP-0002 has a 16.71% voter turnout, with 16.24% in favor, 0.31% against, and 0.16% abstentions. SGP-0003 has a 13.53% turnout, 13.23% in favor, 0.27% against, and 0.03% abstentions. Both require a 1/3 participation rate to pass. If the proposals secure sufficient support, the Solana network will further optimize its token supply structure by combining reduced new issuance and higher transaction fee burns. Voting remains ongoing, with future progress dependent on voter participation and support levels.

Virtuals Updates Its Complete Guide to AI Agent Token Issuance on Solana

Virtuals Protocol has released a comprehensive guide on Solana for issuing AI Agent tokens, covering the full workflow from identity setup, instant and scheduled launches, tokenomics, to advanced configurations. Key features include the Automated Capital Formation (ACF) auto-funding mechanism, which has raised over $6.8 million in total, team pre-sales, anti-sniper taxes, and direct integration with Economy OS-powered AI Agents. After launch, the tokens trade on Meteora DBC pools, with a 1% transaction fee (70% allocated to creators). Once the accumulated amount reaches 42,000 VIRTUAL, the token automatically graduates and migrates liquidity, with liquidity provider (LP) tokens locked for 10 years.

Crypto market maker Wintermute has transferred $57 million worth of Bitcoin (BTC) and Solana (SOL) to centralized exchanges (CEXs), sparking speculation that the firm is selling the assets.

According to Onchain Lens monitoring, crypto market maker Wintermute transferred 129,500 SOL tokens to Binance, valued at roughly $12.42 million. The firm also moved 169.5 BTC worth approximately $13.11 million, a transaction suspected to be for sale. Separately, 407.47 BTC were transferred through an intermediate wallet before being deposited into Coinbase, with a total value of around $31.36 million.

Solana-based meme coin CATE has surpassed $80 million in market cap, surging over 48% in the past 24 hours.

According to GMGN data monitoring, the market cap of Solana-based Meme coin CATE has surpassed $80 million, currently trading at $80.26 million, with a 24-hour gain of over 48%. BlockBeats reminds users that most Meme coins lack practical use cases, exhibit high price volatility, and investors should exercise caution.

Solana (SOL) surges past $102, with its 24-hour price gain expanding to 14.54%

According to HTX market data, SOL has surged past $102, with its 24-hour price gain expanding to 14.54% and its market cap rising to $56.766 billion.

SOL Treasury firm HSDT: Supports the Solana Constitution, but opposes adjusting inflation and transaction fees at this time.

SOL Treasury Company (HSDT) has announced its voting stances on the first three Solana Governance Proposals (SGPs): it supports SGP-0001, the "Solana Constitution"; opposes SGP-0002, which would double the inflation reduction rate; and rejects SGP-0003, which would shift transaction fees from fixed to variable. On-chain voting is scheduled to open on August 22. The firm stated its support for the Solana Constitution stems from the new governance framework, which allows every staker to vote directly, and holders can always override the votes of the operators they have delegated—this, it says, facilitates institutional participation in network decision-making. Regarding the other two proposals, the company emphasized it is not opposed to the policy directions themselves, but rather the timing. This is a critical phase for institutions considering entering Solana, where rule stability and predictability are top priorities for institutions. Altering core economic parameters like inflation rates and transaction fees at this juncture could further deter institutions that remain on the fence. The firm added that it will support revisiting inflation reduction once it sees sustained net capital inflows into SOL, and is open to reconsidering variable transaction fees after the ecosystem adapts.

Shinhan Asset Management Partners with Solana Foundation and Others to Advance Launch of Korean Won-Denominated Tokenized Funds

South Korea’s Shinhan Asset Management has signed a four-party memorandum of understanding (MOU) with the Solana Foundation, Etherfuse, and Orca to jointly advance the proof of concept (PoC) for issuing a South Korean won (KRW)-denominated tokenized fund. The fund’s structure is modeled after BlackRock’s BUIDL Fund: overseas institutional investors will purchase the KRW ultra-short-term bond fund managed by Shinhan Asset Management, with its holdings issued in tokenized form. The PoC will cover KYC/AML frameworks, security audits, blockchain operations, compliance, and on-chain liquidity design.

Veteran meme coins in the Solana ecosystem rally broadly, with BOME surging over 46% in 24 hours.

According to HTX market data, as SOL breaks through $87, established meme coins in the Solana ecosystem are seeing a broad rally. Their latest prices and 24-hour gains are as follows: BOME trades at $0.001108, up 46.5%; USELESS at $0.04667, up 25.2%; PNUT at $0.04939, up 20.7%; TROLL at $0.04921, up 20.1%; TRUMP at $1.67, up 19.0%; MOODENG at $0.04000, up 14.0%; WIF at $0.1533, up 11.8%.

Circle has minted an additional 500 million USDC on Solana.

Circle has minted 250 million USDC tokens on Solana in two separate transactions, bringing total new USDC issuance to 500 million.

Solana Mainnet Upgrade: Block Time to Be Reduced to 350 Milliseconds

Solana core developer and Anza CEO Brennan Watt announced in a post that Solana is rolling out its first slot time reduction upgrade on the mainnet, which is expected to lower block generation time from the current ~400 milliseconds to 350 milliseconds, with the adjustment set to take effect starting at Epoch 1020. Watt cautioned developers about transition issues linked to the upgrade, noting that some SDK constants—including DEFAULT_MS_PER_SLOT—have not yet been updated to match the new parameters. The official team will release a version containing the latest values after the feature is activated. The upgrade uses a delayed activation mechanism: the feature will enter a pending activation state at Epoch E, activate at Epoch E+1, and become fully effective at Epoch E+2. For applications that rely on SDK constants to align with the mainnet’s actual slot time, Watt advised adding adaptation logic during the transition period, such as setting function switching mechanisms based on Epoch slot boundaries, to prevent service anomalies caused by parameter changes. Long-term, Solana plans to migrate these network parameters on-chain to allow direct queries by clients. For now, the team needs to complete this upgrade, describing the process as similar to Solana’s early "tough but fast iteration" development phase. Watt also revealed that the team expects the vast majority of nodes to meet the "two-slot latency" target in most scenarios; related restrictions will be further relaxed in the upcoming Anza v4.3 update.

Circle mints an additional 250 million USDC on the Solana network.

According to monitoring by Whale Alert, Circle minted an additional 250 million USDC on the Solana network 10 minutes ago.

Smart #Solana whale (GvHYQQ) bought another 47,535 $SOL($3.6M) after over 2 years of inactivity. The whale perfectly ...

Smart #Solana whale (GvHYQQ) bought another 47,535 $SOL($3.6M) after over 2 years of inactivity. The whale perfectly bought the dip in August and October 2023, buying 291,790 $SOL ($6.82M) at an average price of just $23.37. Then $SOL started to skyrocket. As $SOL surged, the whale took profit by selling 191,789 $SOL ($24.62M) at an average price of $128.36, making over $20M in realized profit. Now, after 2 years of inactivity, the whale is buying the $SOL dip again.

Grayscale: If the plans to reduce the token inflation rates of Ethereum (ETH) and Solana (SOL) are implemented, it could provide price support.

Grayscale Research Head Zach Pandl published a post stating that the Ethereum and Solana communities are discussing adjustments to their token economic models, with related code changes potentially lowering the annual inflation rates of ETH and SOL, thereby reducing future token supplies. Ceteris paribus, slower supply growth could provide support for token prices. Grayscale estimates that if the relevant adjustments are implemented, by the end of 2031, ETH’s annual supply inflation rate will drop to around 0.4% (close to that of BTC), while SOL’s will stand at approximately 1.1%. By comparison, gold’s annual supply growth rate is roughly 1.8%, and the U.S. CPI inflation rate is about 3.3%. Currently, the relevant proposals are still under discussion within their respective communities. Pandl noted that the Solana-related proposal appears to have broader consensus, making it more likely to be implemented. If the proposals pass, since staking rewards are primarily derived from new token issuance, the number of tokens earned by ETH and SOL stakers will decrease. Pandl pointed out that reduced supply could boost scarcity and exert upward pressure on prices, benefiting holders of unstaked ETH and SOL; whether stakers will benefit depends on the net impact between the reduction in staking rewards and the potential rise in token prices.

Bitwise plans to partner with Superstate to tokenize Solana staking ETF BSOL

Bitwise has announced a partnership with fintech firm Superstate to explore tokenizing portions of its fund shares on blockchain, with the Bitwise Solana Staking ETF (BSOL) expected to be the first fund to support this option. Under the plan the two parties are developing, tokenization only alters the record-keeping of fund share ownership—investors will still purchase the same fund shares and hold identical rights. Going forward, investors will have the choice to hold their shares either via the Depository Trust Company (DTC) in traditional book-entry form, or through Superstate’s transfer agent infrastructure as blockchain-based tokens. Tokenized shares carry exactly the same rights as traditional shares, though they cannot be freely transferred outside this registration system. Bitwise stated that tokenized BSOL shares will still need to meet relevant legal and regulatory requirements, and there is currently no guarantee as to when or if this feature will launch officially. Other Bitwise funds may adopt similar schemes in the future.

The USDC Treasury has minted 250 million new USDC on Solana.

According to on-chain data, the USDC Treasury minted 250 million new USDC tokens on Solana 10 minutes ago.

Marinade: Service Provider Teraswitch Routing Error Nearly Triggered Solana Shutdown This Morning

Solana staking platform Marinade Finance tweeted that the Solana network nearly suffered an outage early this morning: 28.83% of staked SOL went offline, approaching the 33.34% threshold that triggers a shutdown, affecting 90 validator nodes and resulting in a total loss of around 333 SOL in rewards. The issue originated from a routing error by service provider Teraswitch: a misrouted Miami node was broadcast to Europe and the Asia-Pacific region, leaving 12 nodes (LON1, AMS1-3, DUB1-2, FRA2, SGP1-2, TYO1-3) without valid routing. North America was unaffected, and the problem was fixed 10 minutes later. Marinade noted that ASN AS20326 hosts over a quarter of the network’s total staked SOL; 94% of its nodes went offline simultaneously during the incident, with an actual share of 27.34% exceeding the 25% cap set by the Solana Foundation Delegation Program (SFDP). The network’s second-largest node, Helius, remained offline for 33 minutes, with only a small number of nodes achieving smooth failover. Marinade added that it will review staking concentration caps and push for validator nodes to disclose their failover capability information.

Solana Foundation: Core Goal Is to Attract Talent and Capital, Will Not Back a Single Team via 'Creating a God'

Solana Foundation Chair Lily Liu stated that the foundation’s core goal is to attract talent and capital for Solana. It will not prop up a single team by anointing them as the sole champion, nor does it endorse mechanically applying “trustless neutrality” to ecosystem governance, instead advocating open competition where the market determines success or failure. She added that the foundation has long supported multiple perpetual contract teams, arguing that fully on-chain perps hold greater long-term value for DeFi and Solana than pool-based trading or off-chain execution, with several teams currently advancing related initiatives.

Solana ecosystem launches its first STRC structured product, as Solstice Finance splits the returns and risks of its Strategy preferred shares.

Solana ecosystem DeFi yield infrastructure protocol Solstice Finance has launched a structured product strcUSX based on Strategy (MSTR) preferred stock STRC, marking the first Solana financial product linked to STRC. The product does not tokenize STRC stock nor represent users’ ownership of Strategy preferred shares; instead, it splits STRC-related yields and price risks via a yield vault. After users deposit Solstice’s dollar-settled token USX, they receive two types of Solana tokens, each corresponding to yield exposure of different risk levels. The senior tranche token SR-strcUSX claims yields first, with a target annualized return of around 7%; the junior tranche token JR-strcUSX takes on residual yields and more price volatility risk, with a target annualized return of over 20%. If STRC’s value drops, junior tranche holders absorb losses first. STRC is a floating-rate perpetual preferred stock issued by Strategy, currently with a cash dividend yield of around 12% paid twice monthly, though dividend disbursements remain subject to the company’s board of directors’ decision. Solstice stated that the product aims to let DeFi users gain exposure to STRC’s yields and risks without directly holding the stock, while catering to investors with different risk appetites via its tranched design. Earlier, on August 10, Strategy sold 1,690 Bitcoin to raise roughly $108.6 million, which it used to repurchase around 1.152 million STRC preferred shares. Strategy’s current Bitcoin holdings have dropped to 840,447 coins.

Solana Perpetual DEX FlashTrade Shuts Down, Solana Co-Founder Responds

Anas, founder of Solana perpetual contract protocol FlashTrade, announced the shutdown of the project and is seeking to sell its existing tech stack to compensate FAF holders. He attributed the shutdown to factors including severe internal team disagreements, market contraction, and prolonged lack of profitability, stating, "What hurt me the most personally was the Solana Foundation’s disregard for us," adding that the foundation only fully supports one team as it believes this aids Solana’s success. Anas also emphasized he does not blame the foundation for the project’s failure, noting he was overly emotional about the situation. Solana co-founder Anatoly Yakovenko responded shortly after, stating the foundation cannot determine a product’s success; its main role is to assist with go-to-market (GTM) efforts and expand exposure during product launches, and whether attention translates to users ultimately depends on the product itself.

Founder of 6th Man Ventures promotes Solana ecosystem meme coin TOAD, whose market cap quickly surged past $20 million before retreating.

Solana ecosystem meme coin TOAD launched at 10 PM last night. Mike Dudas, founder of 6th Man Ventures, received tokens gifted by the TOAD community, then continuously promoted the coin on social media and made small purchases. Dudas stated he will not sell these tokens, instead he will follow Ansem’s approach to use them to encourage narrative dissemination. Driven by the news, per GMGN data, TOAD’s market cap quickly surged past $20 million after launch before pulling back, currently standing at $12 million with trading volume exceeding $52.1 million. BlockBeats reminds users that related token prices are highly volatile, so investors should exercise caution.

Solana OG attacker transfers another $4.39 million to Tornado Cash.

According to Onchain Lens monitoring, addresses linked to the Solana OG attacker (0xd229...9D15, 0x501...f051) transferred 2,290 ETH to Tornado Cash, worth $4.39 million. The operation occurred nearly a month after the $14.2 million attack in question; the same address cluster also used Tornado Cash two weeks earlier.

Rarible announced it has gone live on the Solana network.

NFT trading platform Rarible has announced its official launch on Solana, with Claynosaurz serving as the platform’s first featured NFT collection. Over the coming days and weeks, Rarible will continue to onboard additional Solana ecosystem NFT projects. The company said its team has spent the past several months on development, testing, and launch preparations, while engaging with multiple NFT communities within the Solana ecosystem to learn about different projects’ stories, cultures, and community needs—feedback that has shaped several of the platform’s current product decisions. It clarified that Gacha Station, previously rolled out on Solana, was not a standalone feature but a preliminary trial ahead of this launch. Rarible’s goal is not only to list NFT collections, but also to collaborate with project teams to design market experiences tailored to each project’s unique traits. The platform noted that today’s launch is only a basic version, with plans to add more projects, features, market experience optimizations, content, and community activities in the coming period, while advancing its platform development in partnership with the Solana ecosystem.

Coinbase Releases Q2 Solana Validator Performance Report: Its APY outperformed the overall network by 14 basis points, and its block skip rate was only one-quarter of the network average.

Coinbase released its Q2 2026 Solana Validator Performance Report, disclosing key metrics for its Solana staking operations. As of the end of Q2, Coinbase staked a total of 41.63 million SOL across 23 validators in 7 countries, accounting for 9.72% of the network’s total staked SOL. In terms of yield performance, Coinbase’s validators posted an annualized yield of 6.52%, outperforming the network average of 6.38% by roughly 14 basis points. Its reliability metrics were even more impressive: the block skip rate stood at just 0.035%, approximately a quarter of the network average of 0.136%, meaning it missed around 75% fewer blocks than the average validator. Coinbase attributed this strong performance to its use of only Solana Foundation-audited client software and its avoidance of aggressive MEV timing strategies that harm end users. On the infrastructure and security front, Coinbase disclosed several technical details: its client strategy covers four options—Harmonic, Jito, JitoBAM, and Firedancer—all 100% audited by the Solana Foundation; for security, it has deployed a dual-signature protection mechanism and near-zero downtime deployment protocols. Looking ahead, the entire validator cluster has been integrated into the DoubleZero network, with a session uptime of approximately 99.9%, and is prepared for the Alpenglow mainnet upgrade in the second half of the year.

Solana plans to advance a supply tightening proposal, with the daily value of SOL burned potentially rising from $47,000 to $650,000.

The Solana community is advancing two governance proposals aimed at reducing new SOL issuance and scaling up network fee burns to tighten the token’s supply. Proposal SIMD-0553 would introduce a resource-based transaction fee mechanism, charging fees based on the network resources each transaction consumes. It is projected to lift daily SOL burns from the current ~650 tokens (≈$47,000) to 7,500–9,000 tokens (≈$650,000). The second proposal, SIMD-0550, plans to double the rate at which Solana’s annual inflation declines, pushing the 1.5% minimum inflation target to 2029 instead of the original 2032 timeline. This measure is expected to cut ~18.9 million SOL from issuance over six years, worth ~$1.36 billion at current prices. To date, both proposals have garnered support from some validators. As of the latest data, ~24.94 million SOL have been cast in signal voting, representing just 5.8% of the 4.3265 million staked SOL. The community still needs ~39.95 million more SOL to hit the 15% threshold required to move to formal voting. The signal voting period closes on August 18. Sixteen validators have expressed support, with infrastructure firm Helius contributing ~16.03 million SOL—nearly two-thirds of the current total support. Notably, even if SIMD-0553 is approved, SOL will not immediately enter a deflationary state: at the maximum daily burn rate of 9,000 tokens, burns would still fall short of the current daily new SOL issuance of ~60,000. As such, the community is pushing both reforms—burn mechanism upgrades and lower issuance—together. If the proposals secure enough validator backing, Solana will revamp its long-term tokenomics via the dual mechanism of reduced new supply and increased burns.

UCLA marmot research team turns to OnlyFans for fundraising; related Solana meme coin has emerged.

A research team from the University of California, Los Angeles (UCLA) recently launched an OnlyFans account named "OnlyMarms" to raise funds for its long-running wildlife study, unexpectedly drawing attention from the crypto community and leading to the emergence of multiple related Solana meme coins. The project, which has tracked yellow-bellied marmots in Colorado since 1962, is one of the longest-running wildlife studies globally. Facing declining traditional research funding, the team created the OnlyMarms account, using humorous angles like "uncensored marmot content" to attract subscribers to support the research. To date, OnlyMarms has raised around $4,000, but the project still requires $75,000 to $100,000 annually to fund graduate student support and fieldwork. Meanwhile, multiple OnlyMarms-inspired meme coins have popped up in the Solana ecosystem. However, these tokens were all created spontaneously by the community, their issuers are unidentified, and they have no official connection to the UCLA research team. The lead researcher confirmed the team did not create any related tokens. The incident is regarded as an example of the intersection of internet culture, science communication, and the crypto community. Earlier, Solana has seen meme coins driven by internet-famous animals, such as the token based on viral baby hippo Moo Deng, which once reached a market cap of around $680 million in 2024.

Solana policy group urges the Senate to vote on the Clarity Act crypto bill as soon as possible.

U.S. Solana Policy Institute (SPI) has sent a letter to Senate bipartisan leaders, urging them to advance the Clarity Act digital asset bill to a vote before Congress’s legislative window closes in early August. The bill aims to provide regulatory clarity for U.S. crypto developers, institutions, and consumers, and establishes a "non-money transmission" safe harbor for non-custodial software developers via the Blockchain Regulatory Certainty Act. The latest Republican version of the bill also adds ethics provisions banning federal public officials and their spouses from issuing or sponsoring digital assets, with the relevant clauses set to expire on January 20, 2029. SPI states that the legislation will help prevent "overreach" by regulators and criminal law enforcement targeting software developers, while sustaining domestic U.S. development momentum.

Morgan Stanley launches Ethereum and Solana spot ETPs

According to The Wall Street Journal, Morgan Stanley Investment Management today announced the launch of two new Exchange-Traded Products (ETPs): the Morgan Stanley Ethereum Trust (MSSE) and the Morgan Stanley Solana Trust (MSOL). Each product is designed to track the performance of ETH and SOL, the native digital assets of the Ethereum and Solana blockchains respectively. The launch of MSSE and MSOL marks Morgan Stanley’s further expansion of its crypto asset investment product portfolio, providing institutional and individual investors with additional avenues to participate in the digital asset market via traditional financial channels.

Solana mainnet’s per-block compute limit will be raised by 66%, with SIMD-0286 set to activate within 24 hours.

Solana’s mainnet is set to raise its per-block compute capacity by 66% in less than 24 hours, lifting the cap from 60 million compute units (CUs) to 100 million. The change is part of SIMD-0286, a Solana Improvement Proposal that will automatically activate at the start of Epoch 1009. Proposed by Jito Labs, SIMD-0286’s core adjustment is increasing the per-block maximum CUs to 100 million while keeping other limits unchanged. The upgrade aims to free up more space for non-voting transactions, enabling ~400ms blocks to handle more complex trades, thereby boosting throughput, reducing congestion failure rates, and easing fee pressure. This marks another scaling expansion following SIMD-0256, which previously raised the cap from roughly 50 million to 60 million CUs.

The creator of Solana-based meme project 'EPIK' announced that nearly 60% of the token supply has been burned, adding that he has personally repurchased a total of 356 million tokens and plans to airdrop them to the community.

Solana-based meme project EPIK’s creator Mando posted that the token has a total supply of 1 billion, with nearly 60% of the supply currently out of circulation. Mando revealed he has personally repurchased a total of 356 million EPIK tokens, burning 154 million of them; the project’s liquidity pool (LP) also burned an additional 81 million tokens. Addressing the community’s doubts over his large token holdings, Mando clarified he did not acquire 50% of the tokens via airdrop, but instead invested seven-figure funds over the past three years to continuously repurchase and support the project, holding and controlling more than 50% of the total token supply. Mando noted he created EPIK during an early live stream, and has since long invested funds to sustain the project’s development, stressing his approach differs from that of some KOLs, creators or celebrities who sell tokens immediately after acquiring them. He is now considering distributing some of his held tokens in batches via airdrop to long-term community members and contributors who have supported the project, as a way to give back to early participants. According to GMGN market data, EPIK’s market cap once surged rapidly to around $27 million, with hourly trading volume hitting nearly $6.5 million, before the market cap pulled back to roughly $16 million.