Solana (SOL) — Onchain News & Whale Tracking

Ansem: Solana DeFi Could Be One of the Underrated Investment Opportunities of This Cycle

Crypto trader Ansem said he is growing increasingly bullish on Solana DeFi, calling it one of the more overlooked investment opportunities in this cycle. During the last cycle, meme coins captured most of the market’s attention, while protocols like Jito and Jupiter were still in the early stages of their token lifecycles. Ansem believes the market can now more clearly identify which protocols are emerging as core infrastructure for Solana. Compared to the previous cycle, the landscape of Solana DeFi protocols and their positioning within the ecosystem are gradually becoming clearer. He added that Solana’s low fees, fast execution capabilities, and steadily growing on-chain transaction volume further reinforce this investment thesis; as retail investors, institutions, and tokenized equities continue to move on-chain, Solana DeFi is poised to gain more room for growth.

Solana Foundation appoints former Binance and Polygon executives to drive institutional adoption and payment services.

Solana Foundation announced two key personnel appointments today. Former Binance executive Rachel Conlan has been named Chief Strategy Officer, while former Polygon Labs executive Jamal Raees will serve as General Manager of Payments. Conlan will oversee institutional partnerships and ecosystem growth strategy; she previously worked at Binance for three years, and held senior management positions at OKX, CAA Sports, and Havas. Raees will collaborate with payment companies, enterprises, and the broader ecosystem to drive the adoption and expansion of Solana as a global payment infrastructure. Solana Foundation President Lily Liu stated: “Solana’s ecosystem is growing in both scale and ambition. We are in the early stages of the token supercycle, where all assets and financial activities will natively migrate to the internet, making markets faster, more accessible, and operational around the clock.” This year, Solana has processed over $5 trillion in stablecoin trading volume, with on-chain real-world assets exceeding $4.5 billion, and tokenized stock supply surpassing $620 million. Liu emphasized: “The question is no longer whether the market will migrate on-chain, but how quickly and to whose infrastructure.”

Meme coin GP on the Solana blockchain briefly saw its market capitalization exceed $30 million, surging over 101% in 24 hours.

According to GMGN data monitoring, the Solana-based meme coin RuneScape Gold (GP) briefly broke through $30 million in market capitalization, hitting an all-time high, and is now trading at $27.4 million, with a 24-hour increase of over 101%. GP is themed around the in-game gold of classic game *RuneScape*, paired with tokenized gold GLDx. Each GP transfer charges a 3% tax; accumulated fees are regularly converted by StonkFun and distributed proportionally to eligible holders in the form of GLDx, forming a mechanism of "earning gold price exposure rewards by holding tokens". It is a high-volatility meme asset that combines nostalgic game narratives, transaction tax dividends, and the concept of tokenized gold. BlockBeats reminds users that most meme coins have no practical use cases, experience significant price volatility, and require caution when investing.

Trump AI rebranding-themed meme coin Super Inu on the Solana blockchain briefly saw its market capitalization surge past $10 million, posting a 176% gain in 24 hours.

Per GMGN market data, the Solana-based meme coin Super Inu (SI) briefly topped $10 million in market capitalization, now trading at $8.05 million with a 24-hour gain of 176%. Earlier, news emerged that during his UN General Assembly speech, Trump proposed renaming artificial intelligence to "Super Intelligence", stating that all U.S. documents would use "Super Intelligence" to refer to AI. BlockBeats reminds users that related tokens have small market capitalization and high price volatility, so investors should exercise caution.

Solana launches public beta test of its Alpenglow upgrade, aiming to reduce transaction finality to 150 milliseconds.

Solana has begun testing the Alpenglow upgrade on its public testnet, with the goal of cutting transaction finality from roughly 12.8 seconds to 150 milliseconds. The upgrade will replace the TowerBFT consensus protocol with the Votor voting protocol, allowing validators to confirm blocks via one to two rounds of direct voting. Testing is currently only supported by the Agave 4.3 client developed by Anza; Jump Crypto’s Firedancer and Frankendancer clients have not yet been integrated. The mainnet launch date remains undetermined. (CoinDesk)

Likely boosted by Donald Trump's mention of Super Intelligence, Solana ecosystem meme coin Super Inu surged more than 3 times in a short timeframe.

Per GMGN market data, Solana ecosystem meme coin Super Inu rallied over 300% in a short period, with its current market cap standing at $7.23 million. Issued on the Stonk platform, Super Inu draws inspiration from former US President Trump’s push to rename artificial intelligence (AI) as "Super Intelligence". It is paired with tokenized US stock Nvidia, built on the Backed Finance/xStocks framework. Trump announced in his recent UN General Assembly speech that he intends to rename AI to "Super Intelligence", and all US government documents will use the term "Super Intelligence". BlockBeats cautions users that related tokens have small market capitalizations, high price volatility, and early holders have already reaped substantial profits, so there may be considerable selling pressure in the short term. Users are advised to exercise caution when investing.

Solana ecosystem meme coin USELESS rebounds to exceed $300 million in market cap, rising over 20.1% in 24 hours.

According to GMGN data, Solana ecosystem meme coin USELESS has rebounded to surpass a $300 million market cap, with its current valuation standing at $280 million, up over 20.1% in the past 24 hours and 24-hour trading volume reaching $16.5 million. BlockBeats reminds users that most meme coins lack practical use cases, feature highly volatile prices, and caution is required for related investments.

Multicoin Capital Co-founder: Solana’s market cap will surpass Ethereum’s in this cycle.

Multicoin Capital co-founder Kyle Samani said that driven by factors like stronger usability and functionality, more crypto companies will build on Solana rather than Ethereum in the future. Solana’s market capitalization will overtake Ethereum’s “in this market cycle,” he noted, adding that Ethereum’s advantage as the default smart contract network for crypto firms may gradually weaken. Samani claimed that “hardly anyone actually uses Ethereum these days,” and its leading position remains mainly due to stablecoins, as well as stablecoins borrowed using ETH as collateral. Samani expressed a pessimistic view on Ethereum’s value capture ability. He stated: “This is an asset worth $300 billion to $400 billion, but its value capture ability is questionable, or may not exist at all, and it has no growth whatsoever.” Samani further said he doesn’t understand why investors are willing to hold ETH at its current valuation, noting there are many “more reasonably priced” investment opportunities in the market. He believes more crypto companies will shift to Solana, calling it “the most feature-complete network” that can help enterprises looking to integrate their operations reduce operational complexity. Although SOL’s current market cap is less than one-fifth of Ethereum’s, its weekly and monthly network fees have both exceeded Ethereum’s.

Trader YokaiCapital has published an exposé targeting multiple projects and KOLs in the Solana meme space, alleging that some of the tokens are involved in issues including bundled transactions.

Trader YokaiCapital released a post publicly exposing multiple projects, KOLs, and trading platforms in Solana’s meme ecosystem, alleging issues including wash trading, fake wallets, and market manipulation, and naming accounts such as Frank DeGods, Shadow, theunipcs, and blknoiz06. YokaiCapital claimed that tokens like TROLL, ANSEM, and CATE have large volumes of bundled wallets or “no real holders”, and accused some KOLs of generating trading hype through these tokens and fake accounts. It also stated that the FOMO leaderboard contains numerous fake identities and fake PnL (profit and loss), with some wallets potentially linked to bundled tokens. Regarding Axiom and Pump.fun, YokaiCapital alleged problems with some wallet tracking and Bubble Maps data presented to users, advising users to further verify on-chain wallet associations via tools like Solscan. It additionally leveled accusations against Axiom over data privacy and project listing fees. YokaiCapital noted that it has previously participated in some of these projects and admitted to incurring losses from related operations. Finally, it advised users not to blindly follow wallets or KOLs recommended by platforms, but instead build their own on-chain data analysis tools to identify real traders and fund behaviors. All content above constitutes YokaiCapital’s unilateral accusations and opinions; the original post does not provide sufficient evidence to independently verify all allegations. Whether the named projects, platforms, and accounts engaged in the aforementioned acts remains to be further confirmed.

ZetaChain passes Layer 1 shutdown proposal with 99.4% approval, ZETA token to migrate to Solana.

ZetaChain’s community has passed Proposal 68 with 99.4% support, voting to shut down its Layer 1 blockchain and migrate the ZETA token to Solana. The vote recorded a 58% turnout, exceeding the 40% quorum threshold, with opposition and abstentions each accounting for 0.3%. ZetaChain stated it will shift its focus to Anuma—an AI app launched in February this year—arguing there is no longer a need to maintain its independent Cosmos SDK-based Layer 1. Anuma currently reports over 300,000 users and has processed 1 million requests from 35 AI models. Under the proposal, ZETA will convert 1:1 to native Solana SPL tokens, retaining its original ticker and total supply, with existing unlock schedules unchanged—except for ZETA on Ethereum and BNB Chain. No shutdown timeline was set in the vote; a second vote will be held later to determine the balance snapshot block, shutdown block, and token claim/asset withdrawal plans. The project team will not hold the second vote until exchanges confirm their conversion arrangements, and ZETA staking will remain active during this period.

Solana network recorded a record high of 5.218 billion transactions last month.

According to Blockworks data, on-chain transaction activity on the Solana network reached a record high of 5.218 billion transactions in August.

Solana ecosystem token PUMPCADE has surged more than 42% in the past 24 hours, with its current market capitalization standing at $13 million.

According to GMGN monitoring, Solana ecosystem token PUMPCADE has surged over 42% in 24 hours, with its current market cap standing at $13 million. The token is part of the Pumpcade project, a prediction market built on Pump.fun. It took third place in a March hackathon, earning a $250,000 investment from Pump Fund, the investment arm of Pump.fun. BlockBeats Note: The token has low trading volume and extreme price volatility; investors should exercise caution.

Solana Ecosystem Token PAID Hits $36 Million Market Cap, Notches New All-Time High, Surging Over 38.7% in 24 Hours

According to GMGN market data, PAID’s market cap on Solana briefly touched $36 million, and is now at $30 million, hitting a new all-time high. The token has surged over 38.7% in the past 24 hours, with a trading volume of $29.6 million over the same period. Public information shows that UsePaid is an automatic creator fee-splitting tool: project teams can input creator fees generated from their meme coins into UsePaid, where 80% is converted to USD and disbursed to designated X users via X Money, while 20% is used to repurchase and burn PAID. BlockBeats reminds users that relevant tokens are highly volatile, so investment caution is required.

On-chain meme coin markets show divergence: Most leading tokens on Robinhood and BSC have pulled back, while popular Solana-based tokens are performing strongly, with cat-themed meme coins leading gains.

According to GMGN data, most top trending meme tokens on the Robinhood and BSC chains have seen a pullback today, while popular meme coins on the Solana chain have performed relatively strongly. Most cat-themed meme tokens are rising, with details as follows: Robinhood chain: ANTHROPIG is down 45% in 24 hours, current market cap at $6.4 million; CATGPT down 39% in 24 hours, $6.5 million; CASHCAT down 7.2% in 24 hours, $167 million; AI down 24% in 24 hours, $249 million; microduck down 7.2% in 24 hours, $7.7 million; BONER down 13.5% in 24 hours, $34 million; pair.fund platform token PAIR down 10.2% in 24 hours, $6 million; UBIK down 27.6% in 24 hours, market cap now at $24 million. BSC chain: BREW down 11% in 24 hours, $15 million; 4Stock down 14.5% in 24 hours, $26.3 million. Solana chain: EMBER up 23% in 24 hours, $33 million; STONK up 10.2% in 24 hours, $239 million; CATE up 30% in 24 hours, $54 million; ZCAT up 31% in 24 hours, $98 million; RAYCAT up 14% in 24 hours, $9 million; LEVERCAT up 28% in 24 hours, $4.1 million; BATON up 110% in 24 hours, $14 million. BlockBeats reminds users that token prices are highly volatile, so investment requires caution.

Solana-based social wallet Hey Wallet is shutting down, users are advised to back up their wallets.

Solana social wallet Hey Wallet announced in a post that it will cease its product services, and reminded all users to back up their wallets. Previously, Hey Wallet supported users to send SOL via tweets, tip creators, mint NFTs, and conduct transactions on X, Discord, and Telegram.

Solana ecosystem token PERPSPAD briefly surges past $5 million in market capitalization, logging a more than 200% increase in the past 24 hours.

According to GMGN market data, PERPSPAD, the token of Solana-based token launch platform PerpsPad, briefly topped $5 million in market capitalization before pulling back to $4.2 million, with a 24-hour gain of over 200%. PERPSPAD is a "position tokenization" token in the Solana ecosystem. PerpsPad is an innovative token launch platform whose core function is to back every issued coin with a real leveraged perpetual contract (Perp) position: transaction fees automatically flow into the coin’s dedicated on-chain sub-wallet to open or add to leveraged positions (supporting multiple markets including SOL, BTC), while a portion of the fees is used for token buybacks and burns. PERPSPAD itself is structured as a 5x long SOL strategy, and can receive buyback support from trading revenues of other tokens on the platform, operating on the Phoenix network. BlockBeats reminds users that related tokens are subject to high price volatility and significant uncertainties, so users should exercise caution when investing.

Donut AI CEO and founder Chris shared his recent live trading details on Twitter: he exited PONS at its peak to shift to the Solana ecosystem, betting on launchpad token STONK, earning nearly $1 million from a single token position.

Donut AI CEO and founder Chris recently disclosed his holdings and live trading results on the FOMO platform (FOMO account: chriszhuureal). Over the past 30 days, he has generated approximately $130,000 in profit, trading multiple active tokens on the Robinhood Chain, including PONS, AI, and BONER. According to Chris’s Twitter post, he has held PUMP for several months, citing that the protocol is one of the most stable revenue-generating products in crypto, with solid operations and high retail investor exposure. This position has now realized a profit of around $930,000. However, he also pointed out PUMP’s shortcomings: its mobile experience is laggy, and its design is not centered on social elements—exactly why he shifted to testing FOMO. Additionally, Chris said he took profits on PONS when it hit a roughly $600 million market cap, and shortly after spotted a token launchpad emerging on the Solana ecosystem, leading him to buy STONK at the bottom. His view: Solana token performance depends on the amount of SOL on-chain, while the Robinhood ecosystem relies on the amount of cash and FOMO sentiment on the platform. This marks a difference in asset flow: the Robinhood Chain is too new, with its market performance almost entirely driven by inflows of new retail funds; by contrast, Solana token pricing will revolve around the flow of existing SOL. On position entry details, Chris revealed he entered STONK at an $89 million market cap, based on PONS’s previous surge to nearly $1 billion. STONK has since broken through a $280 million market cap, and the profit screenshot he shared shows gains of roughly $180,000. While he notes STONK’s buyback design lags behind that of Robinhood Chain’s launchpad Long.xyz, he remains more optimistic about the Solana ecosystem’s future development. Finally, Chris stated in a long post that he will continue holding STONK and PUMP, but reminded all crypto investors to always prioritize taking profits in trading.

Solana’s proposal SIMD-0437, the second phase of its rent reduction, will go live on the mainnet on September 11.

Solana core development team Anza announced that the second phase of Solana’s SIMD-0437 rent reduction proposal will take effect on the mainnet at around 21:15 UTC on September 11, corresponding to epoch 1033. Per-byte lamports will drop from 6333 to 5080, marking an overall reduction of roughly 27% from the initial level, making on-chain storage deposits such as creating token accounts more affordable. The official also stressed there is no fixed timeline for subsequent steps: the third phase will only launch after confirming on-chain state growth is safe, and SIMD-0438 can serve as a fallback to revert rent parameters if anomalies arise. Three steps remain in the five-step plan.

OpenCover is expanding to Solana, with its initial coverage including four major protocols such as Kamino and Raydium.

On-chain risk coverage platform OpenCover has announced it is expanding its institutional-grade risk protection to the Solana network. Eligible positions can now access coverage, with the initial rollout covering Kamino, Raydium, Orca, and Jupiter. Specific coverage scope, limits, and terms vary by protocol and position. OpenCover primarily provides on-chain risk protection for DeFi users, connecting them to underwriters including Nexus Mutual. Following this expansion, Solana ecosystem users can now purchase coverage for risks such as smart contract vulnerabilities, oracle failures or manipulation, liquidation failures, and governance attacks. According to a prior announcement from Nexus Mutual, it has now launched four coverage products on Solana for Kamino, Raydium, Orca, and Jupiter, covering nearly 90% of the Solana lending market’s total funds. Of these, Kamino and Jupiter hold over $1 billion and $925 million in lending deposits respectively. OpenCover noted that this launch marks the start of its further expansion of risk transfer infrastructure on Solana, and it will subsequently partner with protocols, asset management firms, and liquidity providers to expand the range of positions eligible for coverage.

The Solana ecosystem has emerged as the only remaining on-chain hotspot, with Banton surging past $10 million before pulling back.

On-chain activity has plummeted today, but the Solana ecosystem remains the only hot spot on chain. According to GMGN market data, multiple meme coins paired with altcoin liquidity pools have stayed strong today. Among them: BATON, launched 7 hours ago, has seen its trading volume exceed $2,750. Its market cap briefly surged to $10 million before pulling back, and is now trading at $4.94 million. The token derives its name from an early pump.fun project and its parent company, with its liquidity pair being PUMP, the native token of the pump.fun platform. LEVERCAT is currently valued at $5 million, with a 24-hour gain of 277%. Its liquidity pool is paired with xSOL, a leveraged SOL token from Hylo. BlockBeats reminds users that most meme coins have no practical use cases, are highly volatile, and investors should exercise caution.

Solana ecosystem token launch platform STONK leads the rally, with its market capitalization rising back above $180 million.

According to GMGN market data, the market capitalization of STONK, the token of Solana-based token launch platform StonkFun, briefly rebounded above $180 million and is now trading at $179.6 million, with a 24-hour gain of 24.86%. The token’s 24-hour trading volume reached $94.1 million. BlockBeats reminds users that most meme coins lack practical use cases, are highly volatile, and investors should exercise caution.

After its bid to acquire Solana-based treasury firm SkyAI was rejected, Forward is calling on shareholders to oppose the re-election of five incumbent directors.

Solana treasury firm SkyAI will hold its annual general meeting on September 18. Potential acquirer Forward Industries has publicly called on shareholders to oppose the re-election of five incumbent directors and reject the 2026 equity incentive plan, which would authorize the addition of 5.145 million new shares for equity compensation. Earlier, Forward proposed an all-stock acquisition offer of 0.367 FWDI shares per SKYA share, a roughly 20% premium, but was unanimously rejected by SkyAI’s board in July. Meanwhile, shareholders including Bastion Trading, which holds a 9.99% stake in SkyAI, have filed documents with the SEC, planning to vote "WITHHOLD ALL" on all director candidates, and questioning the company’s recent articles of association amendments, adoption of a poison pill plan without shareholder approval, and related-party transactions. (The Block)

Solana Mainnet Beta Transaction V1 Activation Delayed to Epoch 1035

Solana core development team Anza announced on X that Mainnet Beta Transaction V1 will activate starting at Epoch 1035, with an estimated time of approximately 1:20 UTC on September 15. The ecosystem team noted that additional time is required to test and integrate V1 support; V1 is now live on the devnet for integration testing. Compute budget in V1 is set via new transaction configurations. While compute budget instructions remain functional in both legacy and V0 transactions, they will not take effect in V1. Application developers, even those not planning to submit V1 transactions, must verify the impact of these changes on their applications.

Solana ecosystem prediction market World officially launches, opening to over 1 million waitlist users.

Solana ecosystem full on-chain prediction market World announced that its independent platform World.xyz has officially launched, with over 1 million users on its waitlist. The platform offers thousands of markets spanning sports, cryptocurrency, politics, finance, economics, and culture, covering all NFL regular seasons, 7 soccer leagues, F1 races, the 2026 U.S. midterm elections, and Federal Reserve interest rate decisions. Since integrating Phantom in July, World has launched more than 150,000 markets. Each market on the platform consists of "Yes" and "No" contracts, priced between $0 and $1, and settled using Phantom’s U.S. dollar stablecoin CASH. Technically, World leverages Chainlink Data Streams and Chainlink Runtime Environment to provide market data and automated settlements, reducing manual intervention and dispute resolution wait times. Prediction markets for stock price movements, gold, silver, oil, natural gas, computing power, and weather will be rolled out sequentially.

Bonk Guy is turning bullish on Solana, as the network has started proactively supporting its on-chain community.

Prominent crypto trader Bonk Guy has stated in a post that his stance on Solana and its associated ecosystem is gradually shifting from bearish to bullish. Previously, he argued that Robinhood Chain and BNB Chain would likely outperform Solana in the current cycle, and has written a related analysis that remains unpublished. The shift stems mainly from Solana’s recent renewed focus on its on-chain meme trading communities, core team members reaching out to him proactively, and the Solana official account and co-founder Toly beginning to publicly engage with ecosystem projects including STONK and USELESS. He views this as a sign that Solana is becoming more proactive in supporting projects and communities that drive ecosystem growth. Bonk Guy emphasized that he has never questioned Solana’s technology and infrastructure, but rather the ecosystem culture and the impact of some profit-seekers on users. Given the recent developments, he has submitted his original bearish analysis to the Solana team, and noted that if the analysis is later made public, he will add more context and details about his stance on Solana.

Solana ecosystem meme coin ZCAT has cumulatively distributed ZEC worth approximately $2.75 million to its holders.

Solana ecosystem cat-themed meme coin Anonymous Cat (ZCAT) has distributed roughly 2,320 ZEC to eligible holders via its unique transaction tax mechanism, worth approximately $2.75 million at current prices, with over 470,000 reward distributions completed. ZCAT levies a 3% transaction tax on every transfer; most of the proceeds are converted into Zcash (ZEC) and then allocated to wallets holding at least $20 worth of ZCAT. With ZEC surging sharply recently, this mechanism has significantly increased the ZEC rewards earned by ZCAT holders. It is worth noting that these ZEC do not come from business revenue, but from transaction taxes generated by other users buying, selling, and transferring ZCAT. As such, ZCAT’s reward scale is highly dependent on its own trading activity; once trading volume declines, ZEC rewards for holders will also drop substantially. Per GMGN market data, ZCAT currently has a market capitalization of around $111 million, a 4.39% 24-hour drop, and a 24-hour trading volume of approximately $20.5 million.

Solana ecosystem meme coin USELESS posts a short-term rally, surging past $280 million in market capitalization.

According to GMGN data, Solana ecosystem meme coin USELESS has rallied to a market cap exceeding $280 million, boosted by its listing on Upbit’s spot trading platform. The token has gained over 12% in the past 24 hours, with a 24-hour trading volume of $22 million. On September 1, prominent trader "Bonk Guy" noted that his bullish stance on USELESS is even stronger than when he traded BONK in 2023, adding that USELESS previously rose from a roughly $4 million market cap to $450 million during a non-bull market cycle, and could see even larger upside if it enters a genuine bull market for the first time. BlockBeats reminds users that most meme coins lack real utility, are highly volatile, and investors should exercise caution.

Solana-based meme coin "Just a Backpack" briefly surpasses $4 million in market capitalization.

According to GMGN market data, the Solana-based meme coin "Just a Backpack" briefly surpassed $4 million in market capitalization, and is now trading at $2.98 million, with a 24-hour trading volume of $6.4 million. On-chain data shows that crypto trader Ansem bought 4.5 million units of "Just a Backpack" 20 minutes ago for $15,000. "Just a Backpack" is a meme coin themed around Backpack, and forms a trading pair with Backpack's token BP. BlockBeats reminds users that most meme coins have no real use cases, experience significant price volatility, and require caution when investing.

Solana will raise its per-transaction limit to 4096 bytes, expanding its capacity by more than threefold.

Solana plans to activate Transaction v1 this Wednesday, boosting the maximum per-transaction size from 1232 bytes to 4096 bytes — a more than threefold increase. Post-upgrade, complex operations that previously required splitting across multiple transactions are expected to be consolidated into a single transaction, including large cryptographic proofs, multi-signature payments, and certain privacy transfers. Transaction v1 is already live on Solana’s testnet and development network; the existing transaction format will remain functional, with wallets and apps only needing upgrades when larger transaction space is required. That said, on-chain data services relied on by block explorers, wallets, and trading apps must adapt to the new format, or they may fail to correctly read transaction and priority fee details. The upgrade is designed to ease the structural constraints Solana has long faced from its 1232-byte transaction cap, further enhancing its capability to handle complex applications. The 4096-byte limit is modeled after the standard 4KB memory page size used by validator hardware, to prevent overly large individual transactions from raising processing costs for the network and validator nodes.

Solana ecosystem DEX sector tokens rally broadly, with ORCA surging over 14% in 24 hours.

According to HTX market data, Solana ecosystem DEX tokens are seeing broad gains today. Specifically: ORCA has rallied 14.33% in the past 24 hours, trading at $1.572; JUP is up 12.23% over the same period, now priced at $0.2626; RAY has risen 5.95%, currently at $1.202.

Analyst: On-chain funds may be rotating from Robinhood Chain to Solana

DeFi researcher Ignas posted on X that today’s crypto market shows signs of capital rotation from Robinhood Chain to Solana. Over the past 24 hours, Solana ecosystem tokens have posted strong gains: RAY rose roughly 60%, JUP gained 21%, ORCA climbed 12%, and MET increased 13%. By contrast, AI fell 11.5% while CASHCAT dropped 5.8%. Robinhood Chain’s meme coin sector as a whole declined around 16.5%. Meanwhile, cross-chain fund flow data shows Solana’s bridge recorded a net inflow of approximately $18.8 million over the past day, while Robinhood Chain saw a net outflow of $47.8 million. Though these bridge volumes remain small relative to the total value locked (TVL) of both chains, the capital shift may signal some traders taking profits on Robinhood Chain’s meme coins and shifting to Solana’s trading infrastructure tokens to continue participating in the related market rally. Notably, STONK — the launchpad token that pairs meme coins with tokenized stocks, fiat currencies and other assets — surged roughly 360% at one point today, emerging as a key market focus.

Meme Coin Roundup: PONS’ First Attempt to Hit $1 Billion Market Cap Hits Resistance and Pulls Back; Solana Ecosystem Vies for Hype

According to GMGN market data, today’s meme coin market continues rotating between Robinhood Chain and Solana, with capital rapidly switching between high-market-cap leading tokens and new narrative assets. Trading activity on Robinhood Chain remains centered on MEME, BONER, and PONS, while Solana’s meme space is driven by zec and STONK. On Robinhood Chain, PONS became the first token on the chain to challenge a $1 billion market cap yesterday, peaking at $990 million before consolidating at a high level. The meme coin is currently trading at ~$0.801, with a market cap of ~$802 million, a 15.4% 24-hour drop, and $136 million in 24-hour trading volume. MEME surged yesterday, hitting a market cap of ~$174 million before pulling back. It is now priced at ~$0.096, with a market cap of ~$96.5 million, a 118% 24-hour gain, and $108 million in 24-hour volume. BONER has rallied again, with its market cap briefly exceeding $80 million; GMGN data shows its all-time high market cap is ~$89.3 million. The meme coin is trading at ~$0.067, with a market cap of ~$67 million, a 114% 24-hour gain, and $31.3 million in 24-hour volume. Over on the Solana network, zec also boasts high trading activity, with its market cap briefly hitting ~$114 million. The meme coin is priced at ~$1,184, with a market cap of ~$113 million, an 11.8% 24-hour gain, and $90.5 million in 24-hour volume. zec is primarily tied to Zcash/ZEC-related narratives, drawing capital amid broader privacy coin trends and Solana meme coin momentum. Additionally, Solana’s STONK has also seen strong performance, with its market cap briefly hitting ~$191 million. The meme coin is priced at ~$0.165, with a market cap of ~$145 million, a 141% 24-hour gain, and $104 million in 24-hour volume. STONK is linked to the stonkfun ecosystem and stands as one of the most concentrated new trading hotspots on Solana in recent times.

On-chain trading has formed a tripartite landscape, with Solana, BSC, and Robinhood’s chain taking the top three spots in trading volume over the past 24 hours.

According to DefiLlama data, the total DEX trading volume across all blockchains reached $6.369 billion in the past 24 hours. Solana, BSC, and Robinhood Chain ranked top three, with respective DEX trading volumes of $1.961 billion, $1.637 billion, and $1.613 billion. On-chain trading has formed a tripartite landscape. Notably, the main driver of trading volume for these three chains currently comes from meme coin hype involving multi-asset pairs. BSC and Robinhood are primarily focused on crypto-stock meme hype, while Solana’s leading on-chain hype token is ZCAT, a meme coin that uses ZEC as its base liquidity pool.

The co-founder of Nasdaq-listed firm Vida is in talks with members of the Solana Foundation to create a meme coin launch platform.

Nasdaq-listed Vida Global (ticker: VIDA)’s Lyle Pratt posted on X early this morning, stating: “It would be interesting if a meme coin could indirectly contribute to the underlying company’s treasury, perhaps via transaction fees or licensing agreements. This would create a further flywheel effect between the meme asset and its base entity.” In response, Vibhu, product lead at the Solana Foundation, replied: “We can create a meme coin launchpad for your stock — happy to help.” Pratt noted that in-depth discussions on the topic could be held. Public information shows that Vida Global is dedicated to driving enterprises to build, deploy, and sell AI agents at scale. According to GMGN market data, the meme coin CTO — which uses the company’s stock token as its liquidity pool on Solana ecosystem launch platform Stonk — currently has a market cap of $7.47 million, with a 51% 24-hour increase.

The meme token ZCAT, based on the ZEC liquidity pool on the Solana blockchain, has hit consecutive new highs, while platform token STONK rallied sharply then pulled back.

According to GMGN market data, the Solana ecosystem’s hype rally has been intensifying since last night and early this morning. Stonk, a token issuance platform supporting multiple major asset pairs, saw its market cap surge past $188 million before pulling back, currently standing at $137 million with a 24-hour gain of 225%. On the platform, ZCAT, a meme coin with ZEC as its liquidity pool base, has emerged as the leading token in this round of Solana rally, hitting successive new market cap highs. It crossed $170 million earlier this morning before retreating, now trading at $145 million, with a 24-hour increase of 239%.

Solana ecosystem token STONK’s market cap briefly broke through $180 million to hit a new high, with a 24-hour gain of 434%.

Per GMGN market data, STONK, the token of Solana-based token launch platform StonkFun, briefly broke through $180 million in market capitalization to hit an all-time high. It is currently trading at $170 million, with a 24-hour increase of 434% and trading volume of $71 million over the same period. BlockBeats reminds users that related tokens have high price volatility, so investment should be approached with caution.

Arbitrum and Solana co-founders once again debate transaction costs: Steven emphasizes MEV protection, while Toly questions transaction fees and spreads.

Arbitrum co-founder Steven Goldfeder and Solana co-founder Toly have engaged in a debate over on-chain transaction fees, MEV protection, and the single sequencer model. Steven argued that surface-level fees alone should not be compared, noting that Arbitrum One and Robinhood Chain proactively prevent front-running and most malicious MEV, while some chains claiming lower fees carry higher MEV costs—including front-running targeting retail users. He stated he would rather pay clear, upfront fees than incur hidden losses from front-running, sandwich attacks, and other issues just to secure lower fees. Toly countered that Arbitrum currently has worse bid-ask spreads and higher fees. He explained that the 10% cut it takes from fees, when converted to basis points, already exceeds the sandwich attack loss rate—estimated to be roughly 10 times that rate—without even accounting for spread impacts. He emphasized: “A single sequencer that prioritizes maximizing shareholder value will never outcompete permissionless competition.”

Solana ecosystem token STONK briefly saw its market capitalization exceed $150 million, surging 449% in 24 hours.

According to GMGN market data, STONK, the token of Solana-based token launch platform StonkFun, briefly broke through $150 million in market capitalization, hitting an all-time high. It is now priced at $140 million, with a 24-hour price surge of 449% and trading volume of $61.3 million over the same period. BlockBeats reminds users that related tokens are highly volatile, so investors should exercise caution.

Solana ecosystem token STONK’s market cap briefly surged past $138 million, posting a 311% gain in 24 hours.

According to GMGN market data, STONK, the token of Solana-based token launch platform StonkFun, briefly hit a market cap of over $138 million, marking an all-time high. It is currently valued at $122 million, with a 311% 24-hour gain and $54.7 million in trading volume over the same period. BlockBeats reminds users that related tokens are highly volatile, so investors should exercise caution.

Solana-based meme coin Stonks has surpassed $100 million in market capitalization, posting a 256% increase over the past 24 hours.

According to GMGN market data, Solana-based meme coin Stonks has exceeded $100 million in market capitalization, currently standing at $92 million, with a 256% 24-hour gain and $30.4 million in trading volume over the same period. BlockBeats reminds users that related token prices are highly volatile, so investment caution is advised.

Arbitrum and Solana co-founders clash over Robinhood’s on-chain fee model: Solana’s Toly questions frontends should not profit from network congestion, while Arbitrum’s Steven pushes back, stating they aim to act as landlords rather than tenants.

Arbitrum founder Steven Goldfeder and Solana co-founder Toly have clashed over the fee model of Robinhood Chain. As an Ethereum layer-2 built on Arbitrum Orbit, Robinhood Chain allocates 10% of its net protocol revenue to the Arbitrum ecosystem: 8% to the DAO treasury and 2% to the development fund, with Robinhood retaining roughly 90% for itself. Recently, fees on Robinhood Chain have surged, with average per-transaction gas hitting around $0.4 at one point, and daily fees reaching millions of dollars—far higher than Solana’s typical ultra-low transaction costs. Solana co-founder Toly argues that the 10% split paid to Arbitrum is more than four times the equivalent transaction cost on Solana. If Robinhood Chain had been built on Solana, Robinhood could have offered users full gas waivers. Toly claims frontends should profit from their own apps, not from "network congestion-driven price hikes" on the underlying layer, calling Robinhood Chain’s model "brain dead." He asked Goldfeder: Why shouldn’t apps charge users directly? Does scaling and reducing congestion have to come at the cost of revenue? Arbitrum co-founder Steven Goldfeder countered that Toly’s view is "way off base." On Arbitrum, Robinhood keeps 90% of gas fees; on Solana, base layer fees go to validators or the network, so Robinhood would retain zero—meaning it would have to cover full gas waivers out of its own pocket. Goldfeder said Robinhood chose Arbitrum to act as a "landlord" rather than a "tenant," controlling its sequencer and keeping most fees for itself.

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.