Solana (SOL) — Onchain News & Whale Tracking

Canary has submitted an updated version of its spot Solana ETF S-1 application file

On September 26th, based on the U.S. SEC website, Canary has submitted an updated form of its spot Solana ETF S-1 application.

Circle Issues 250 Million USDC on the Solana Network

On September 25th, as monitored by Onchain Lens, Circle issued an extra 2.5 billion USDC on the Solana network. Since 2025 up to the present, Circle has accumulatedly issued 31 billion USDC on the Solana chain.

Solana On-chain Activity Decline: Emerging Meme Interest Wanes, Pump Livestream Coin Market Cap Plummets

September 25th. Based on GMGN monitoring, likely influenced by the continuous decline of SOL in the past week, Solana's on-chain activity has witnessed a significant drop. Among the top 10 of the hot list in terms of 24-hour trading volume, it was almost monopolized by meme coins with the same names as MetaMask and XPL. Most of these meme coins have been listed for more than 10 days, presenting a sharp contrast to the frequent changes in on-chain rankings from last week. Meanwhile, after experiencing a brief period of frenzy, Pump live has continued to decline, and the market value of Pump live coins has fallen below $2 million.

Circle Issues 250 Million USDC on the Solana Network

On September 25th, according to the monitoring of whale-alert, Circle minted 2.5 billion USDC on the Solana network 9 minutes prior.

Solana Ecosystem Perp DEX Bulk Completes $8 Million Seed Round, Led by 6th Man Ventures and Robot Ventures

On September 24th, according to official channels, the Perp DEX Bulk Exchange within the Solana ecosystem has concluded an $8 million seed funding round. This round was led by 6th Man Ventures and Robot Ventures, with the participation of Big Brain Holdings, Wintermute, and Solana's co-founder Anatoly Yakovenko. It is reported that Bulk intends to address problems such as soaring transaction fees and network congestion by directly integrating the execution layer into Solana's validator stack. Bulk is anticipated to launch a testnet in the forthcoming weeks and is scheduled to officially launch its mainnet in the fourth quarter.

Publicly traded company Fitell Corporation has secured a $100 million funding round and will adopt the Solana Treasury strategy

On September 23rd, Fitness equipment supplier Fitell Corporation (Nasdaq: FTEL) announced that it has obtained up to $100 million in funding to facilitate the launch of its Solana Treasury strategy. This will be the first Solana-based digital asset treasury in Australia. The company intends to deploy SOL assets in diversified on-chain DeFi and derivative strategies to achieve excess returns. The strategies encompass structured products (such as options, snowball products), on-chain liquidity provision, and other high-liquidity, downside-risk-controlled strategies. The generated returns will be channeled back into the treasury reserve, further expediting the accumulation of SOL, augmenting the per-share SOL holdings, and strengthening the alignment with the Solana community.

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

On September 22nd, as monitored by Whale Alert, the USDC Treasury minted an extra 2.5 billion USDC on the Solana blockchain 6 minutes ago.

USDC Treasury Mints Additional 250 Million USDC on the Solana Network

September 19th. According to the monitoring of Whale Alert, 15 minutes ago, the USDC Treasury minted an additional 250 million USDC on the Solana blockchain.

Pantera: Bitcoin and Ethereum Narratives Have Solidified, Solana Has Greater Upside Potential

September 19th, Pantera Capital officially announced on X that Solana is witnessing a significant inflection point in terms of its adoption by consumers, fintech companies, and institutions. Blue-chip companies like Stripe and PayPal have begun to build applications on it. While the narratives of Bitcoin and Ethereum are mostly established, the narrative of Solana is just unfolding. Solana is still in its early stage. There is currently no SOL ETF. Only 5 publicly traded companies hold SOL. The institutional allocation to SOL is significantly lower compared to BTC and ETH, holding less than 1% of the total supply (BTC is 16% and ETH is 7%). In terms of market capitalization, Solana is only 1/20th of Bitcoin and 1/4th of Ethereum - yet it is leading in key adoption metrics. The adoption narrative of Solana is just starting, with greater asymmetric upside potential.

Former Pantera Partner to Lead Solmate, and Invest $3 Billion to Launch Solana DAT Project in UAE

On September 18th, as per Bloomberg, a former partner of Pantera Capital is going to lead Solmate in the UAE and invest 3 billion US dollars to launch the Solana DAT project within the UAE.

Solana Treasury DAO Funded Company DFDV Launches Treasury Accelerator Program

On September 18th, the Solana Treasury Company DFDV, which is listed on Nasdaq, announced the commencement of the Treasury Accelerator program. The Treasury Accelerator will now directly utilize the company's balance sheet to provide funding to other Digital Asset Treasuries (DATs). Each DAT is eligible to receive additional funding ranging from $5 million to $75 million and will obtain funds in the form of cash or SOL tokens. It is reported that any appreciation resulting from these investments is anticipated to be reinvested to purchase additional SOL, thereby augmenting the company's holdings.

Predictive market Kalshi partners with Solana and Base to drive "On-Chain Innovation"

September 18th. As per The Block, the prediction market platform Kalshi has entered into a partnership with Solana and Base to launch an ecosystem hub. Kalshi announced on Wednesday via a post on X, "We champion off-chain and on-chain innovation and are collaborating with Solana and Base to offer specialized funding." It also announced the launch of its Kalshi ecosystem support network. This development occurs as Kalshi's monthly trading volume demonstrates an upward trajectory. Last month, Kalshi's trading volume reached $875 million, while that of Polymarket was $1 billion.

USDC Treasury Mints Additional 250 Million USDC on the Solana Blockchain

On September 17th, as monitored by Whale Alert, the USDC Treasury has just minted an extra 250 million USDC on the Solana blockchain.

CME to Launch Solana and XRP Futures Options

On September 17th, the Chicago Mercantile Exchange (CME) is set to launch Solana and XRP futures options on October 13th, 2025.

Hoth Therapeutics Updates Cryptocurrency Treasury Strategy, Adds Purchasing Options for ETH and Solana

On September 17th, the Nasdaq-listed company Hoth Therapeutics announced that the board has given the green light to an update of the company's cryptocurrency treasury strategy. This update permits the purchase of Ethereum and Solana in addition to Bitcoin. Hoth Therapeutics had previously declared a $1 million investment to acquire Bitcoin. Now, this fund will be utilized to buy BTC, ETH, and SOL with the aim of diversifying its balance sheet.

Forward Industries has announced a $4 Billion ATM Initiative to support Solana's Treasury Strategy

On September 17th, Forward Industries, which is the largest Solana treasury company, announced today that it has submitted a $4 billion ATM plan to the U.S. SEC in order to support its Solana financial strategy. This plan will be utilized for general corporate purposes, such as continuously implementing the Solana strategy, purchasing income-generating assets, and undertaking other capital expenditures. Previously, Forward Industries has completed a $1.65 billion PIPE private placement, with Galaxy Digital, Jump Crypto, and Multicoin Capital taking the lead. It has also purchased more than 6.8 million SOL, thus becoming the world's largest publicly traded Solana treasury company.

Solana Foundation Holdings Overview: Total Holdings Increase to 17.112M SOL, Representing 2.98% of Current SOL Circulating Supply

On September 16th, based on Strategic SOL Reserve data, a total of 17 entities have now established SOL Treasury Reserves. They hold a combined total of 17.112 million SOL, which is worth $4.03 billion and accounts for 2.98% of SOL's current total supply. Among this, approximately 7.405 million SOL is staked, with a value of $1.32 billion and an average staking yield of 7.96%, accounting for 1.228% of the total supply. The top holding entities are as follows: · Forward Industries (FORD) takes the lead and is currently holding 6.822 million SOL, approximately worth $1.61 billion; · Sharps Technology (STSS) comes in second, currently holding 2.14 million SOL, approximately worth $500 million; · DeFi Development (DFDV) ranks third, currently holding 2.028 million SOL, approximately worth $477.1 million; · Upxi is in fourth place, currently holding 2 million SOL, approximately worth $470.6 million; · Galaxy ranks fifth, currently holding 1.35 million SOL, approximately worth $317.6 mi

Solana On-Chain Meme Coin KIND Market Cap Surpasses $30 Million, with a 24-hour Growth of 316.3%

Pump Live Top Three Market Cap: BAGWORK, STREAMER, MD, Once Again Fueling the Solana Meme Craze

If Pump.Fun forks, Solana will experience over 20% churn.

On September 15th, based on Coingecko data, within the past 24 hours, Pump.fun has processed approximately 7.63 million transactions, accounting for around 28.5% of Solana's total of 26.81 million transactions during the same period. Additionally, according to Jupiter data, in the last 24 hours, Pump.fun ranked first in the Solana token issuance platform market share with 90.7%, having a trading volume of 946 million USD and involving 391,000 trading addresses, which is significantly ahead of other Solana-based token issuance platforms. Its 24-hour trading volume accounted for approximately 19% of Solana's total DEX trading volume of 4.97 billion USD in the last 24 hours, and the number of active addresses it contributed accounted for 17% of the approximately 2.3 million active addresses on Solana in the last 24 hours. It is worth noting that according to defillama data, in the last 24 hours, the fees collected by the Pump.fun protocol (including transaction fees, creation fees, etc.)

pump.fun's market share on the Solana ecosystem's coin launchpad has risen to 90.6%

On September 15th, according to the Jupiter Data Dashboard, within the past 24 hours, in the Solana launchpad market share ranking, pump.fun held the top position with 90.6%, Letsbonk came in second with 5.18%, and Believe ranked third with 1.66%.

SOL Treasury's Forward Plan to Deploy Funds into Solana DeFi Protocol

On September 15th, as per TheBlock, Kyle Samani, the chairman of SOL Treasury company Forward Industries, stated that the company plans to allocate funds into DeFi protocols on Solana. Previously reported by BlockBeats, Forward Industries has currently made an investment of 1.6 billion USD, purchasing 1.5 billion USD worth of SOL. Yesterday, Galaxy Digital accumulated 400 million USD worth of SOL for Forward Industries, while Forward Industries holds 1.1 billion USD worth of SOL in Coinbase Prime Custody. Yesterday, the crypto KOL Ansem posted, "One of Solana's shortcomings compared to Ethereum is the DeFi activity. If Kyle Samani and others can deploy the funds from these SOL Treasuries (DAT) into DeFi protocols, that would be very bullish."

Ansem: Deploying funds from the SOL Treasury to a Solana DeFi protocol would be very bullish

On September 14th, the Crypto Key Opinion Leader (KOL) Ansem made a post stating, "One of the weaknesses of Solana compared to Ethereum is its DeFi activity. If Kyle Samani, the co-founder of Multicoin Capital, and others can allocate funds from these SOL treasuries (DAT) to DeFi protocols, that would be very bullish." "Hope to see not only meme coins but also other tokens in the Solana ecosystem perform well. Many excellent teams now hold tokens, and a pump is a good sign." The partner of Placeholder VC, Chris Burniske, agrees with Ansem's view and states that the SOL digital asset treasury (DAT) will boost the ecosystem and create returns that are incomparable to ETFs.

Galaxy Digital has once again increased its Solana holdings by 932,000 SOL in the past 6 hours, worth $230 million.

On September 14th, according to Arkham Monitoring, Galaxy Digital once more increased its holdings by 932,000 SOL within the past 6 hours (approximately $230 million).

Solana Institutional Holdings Overview: Total holdings have increased to 11.739M SOL, representing 2.04% of the current total supply.

On September 14th, based on Strategic SOL Reserve data, there are currently 17 entities that have established SOL Treasury Reserves. These entities hold a total of 11.739 million coins, with a value of 2.9 billion US dollars, accounting for 2.04% of SOL's total current supply. Among them, approximately 585,000 SOL coins are being staked, with a value of 104.1 million US dollars, and an average staking yield of 6.86%, accounting for 0.102% of the total supply. The entities with the highest holdings are as follows: Sharps Technology (STSS) ranks first. It currently holds 2.14 million SOL, with a value of approximately 528.5 million US dollars; DeFi Development Corp (DFDV) ranks second. It currently holds 2.028 million SOL, with a value of approximately 500.8 million US dollars; Upexi (UPXI) ranks third. It currently holds 2 million SOL, with a value of approximately 493.9 million US dollars; Forward Industries (FORD) ranks fourth. It currently holds 1.45 million SOL, with a value of

pump.fun's market share on the Solana ecosystem's coin launch platform has risen to 84.1%

On September 14th, according to the Jupiter Data Dashboard, in the past 24 hours, in the Solana launchpad market share ranking, pump.fun took the lead with 84.1%, Letsbonk came in second with 9.69%, and Believe ranked third with 2.31%.

RWA Tokenization Leader Centrifuge has successfully issued a portion of its assets on Solana

On September 12th, according to official channels, the RWA tokenization leading institution Centrifuge has launched the tokenized assets deJAAA and deJTRSY on Solana. Users are able to trade on Raydium and Kamino, as well as other decentralized exchange (DEX) aggregators.

REX Shares' Solana Staking ETF AUM Reaches $251 Million, Reaching an All-Time High

On September 12th, according to the data from SolanaFloor, the first Solana staking ETF in the United States, which is launched by REX Shares (ticker $SSK), has achieved an all-time high with $251 million in managed assets.

bbSOL TVL Surpasses $500 Million, Enters Solana's Top 10

September 12th. According to data from DefiLlama, the Total Value Locked (TVL) of the Solana liquidity staking token bbSOL has surpassed $500 million and ranked among the top 10 on Solana. bbSOL was launched by Bybit on September 5th, 2024. Its purpose is to offer users an efficient SOL liquidity staking solution. Since its launch, bbSOL has amassed over 2 million SOL in staking and has more than 80,000 holding users. Currently, bbSOL has integrated with more than ten DeFi and CeFi projects such as Sanctum, Kamino, Fragmetric, Raydium, Orca, RateX, Solayer, Jupiter, and marginfi, and its application scenarios are continuously expanding.

Solana-Based DeFi Native Prime Broker Project0 Set to Launch

On September 12th, the native DeFi prime broker Project 0 of the Solana ecosystem is about to launch and has received an official retweet from Solana. Project 0 will enable users to use any asset on platforms like Kamino, Drift, and Jupiter and borrow against their entire portfolio as collateral to optimize capital efficiency.

SOL Reaches $230 After 227 Days, Solana Treasury's Holdings Exceed 10 Million Tokens for the First Time

On September 12th, according to HTX market data, SOL returned to above $230 after 227 days. It is now trading at $232.9, with a market capitalization of $126.1 billion and has once again surpassed BNB. Furthermore, according to Strategic SOL Reserve data, there are currently 14 entities that have established SOL treasury reserves. For the first time, the total holdings have exceeded 10 million coins, and now it is 10.267 million coins, accounting for 1.79% of the current total supply of SOL. About 585,000 SOL is staked, worth $104.1 million, with an average staking yield of 6.86%, accounting for 0.102% of the total supply. The entities with the highest holdings are as follows: Sharps Technology (STSS) ranks first, currently holding 2.14 million SOL, which is worth about $498.4 million; DeFi Development Corp (DFDV) ranks second, currently holding 2.028 million SOL, worth about $472.2 million; Upexi (UPXI) ranks third, currently holding 2 million SOL, worth about $465.5 million; Mer

Galaxy Digital CEO: Market Is Entering the "SOL Season," Market Momentum and Regulatory Signals Are All Favorable to Solana's Development

On September 12th, Mike Novogratz, the CEO of Galaxy Digital, stated that the crypto market is entering what he refers to as the "SOL (Solana) Season." This is because both market momentum and regulatory signals are favorable to the blockchain. In a CNBC interview on Thursday, Novogratz emphasized that Forward Industries (code FORD), which is led by Galaxy Digital, Jump Crypto, and Multicoin Capital, recently completed a $1.65 billion financing round. The purpose of this round is to build the world's largest Solana treasury strategy. A crypto treasury company focusing on altcoins is injecting new vitality and funds into the field. He also mentioned the changing regulatory landscape. Paul Atkins, the Chairman of the U.S. Securities and Exchange Commission, recently stated that the agency is working to "advance securities rule modernization to allow for market digitization." Novogratz described this move as a "thorough departure" from past policies, indicating accelerated institutional

Forward Industries has completed a $165 million cash and stablecoin committed private placement to advance its Solana Treasury strategy.

On September 11th, as per market intelligence, Forward Industries successfully completed a private placement involving $1.65 billion in cash and stablecoin. This was done to further its Solana Treasury strategy. On September 8th, Forward Industries, Inc. (Nasdaq: FORD) announced that it had secured $1.65 billion in cash and stablecoin subscription funds through a Private Investment in Public Equity (PIPE) offering. The lead investors in this offering were Galaxy Digital, Jump Crypto, and Multicoin Capital. This move was aimed at initiating a Solana-centric digital asset treasury strategy.

Top Solana Launchpad Market Share in the Last 24 Hours: pump.fun, Letsbonk, Believe in the Top Three

On September 11th, according to the Jupiter Data Dashboard, within the past 24 hours, in the Solana launchpad market share ranking, pump.fun holds the top position with 81.1%, Letsbonk comes in second with 10.5%, and Believe ranks third with 3.23%.

Solana On-Chain Memorializes Trump Political Ally Charlie-themed Meme Coin CHARLIE Surpasses $10 Million Market Cap

WLFI teams up with Solana ecosystem partner to launch Project Wings, USD1 to land on Solana DEX

According to official sources, on September 11th, WLFI announced a partnership on Solana with its ecosystem partner to jointly launch Project Wings. This event, which focuses on traders, is intended to bring a more lively and immersive market experience to the community. Currently, the USD1 trading pair is active on BONK.fun and Raydium Launchpad, and users are able to participate in trading.

Solana DeFi TVL Surpasses $12 Billion, Reaches All-Time High

On September 10th, according to DeFilama's data, the TVL of Solana DeFi has reached $12.257 billion, reaching a new all-time high.

ApeCoin announces that APE has been minted on the Solana network

On September 10th, according to official information, ApeCoin has declared that its official token APE has been concurrently issued on the Solana network.

Forward Industries announced a $165 million private placement to be used for Solana Treasury strategic initiatives

September 8th. As per market intelligence, Forward Industries, Inc. declared a private placement worth $1.65 billion for the Solana Treasury Strategic. The funds will be subscribed in cash and stablecoin.

Solana Network DEX Hits Over $2.6 Billion in Trading Volume in the Last 24 Hours, Ranking First Globally

On September 8th, according to data from DefiLlama, within the past 24 hours, the DEX trading volume on the Solana network reached $26.02 billion, ranking first among all networks. During the past 24 hours, the DEX trading volume on the BNB Chain network reached $21.58 billion, coming in second among all networks. The top three DEX protocols in terms of trading volume within the Solana ecosystem are Pump, Meteora, and Raydium.

Top Solana Launchpad Market Share in the Last 24 Hours: pump.fun, Letsbonk, Meteora DBC Rank Top Three

On September 7th, according to the Jupiter Data Dashboard, in the past 24 hours within the Solana launchpad market share ranking, pump.fun took the first place with 70.2%, Letsbonk came in second with 17.9%, and Meteora DBC ranked third with 5.2%.

Solana Chain AI Game CAT Crew 2.0 "Compute Power Era" Officially Launched

On September 7th, the first Web3+AI nurturing game on Solana launched by the CAT Terminal community - CAT Crew 2.0 "Mining Power Era" has officially been upgraded and launched. It is reported that the "AI Meow Mine" held its launch event in Dubai on August 16th, with the support of various Middle Eastern institutions such as OOKC and X3 Labs. Currently, the game has attracted more than 5,000 players, and the CAT feeding volume has exceeded 150 million tokens. This Meow Mine 2.0 upgrade introduces rare cat breed mining power bonuses and an adaptive feeding AI algorithm, and adds a CAT ecosystem burning mechanism. The launch of CAT Crew 2.0 has kicked off a new MEME 2.0 gameplay, bringing users an unprecedented on-chain interactive experience. As of the time of publication, the market value of CAT is approximately $18.6 million, and the number of holding addresses has reached 9,000.

Gemini Launches ETH and Solana Staking in the EU, Introduces USDC-Priced Perpetual Futures

On September 5th, the cryptocurrency exchange Gemini declared the initiation of ETH and Solana staking services within the European Union, without imposing a minimum amount requirement. The SOL annual rewards are capable of reaching up to 6%, while ETH provides a variable yield. Gemini also presented perpetual contracts priced in USDC, featuring a leverage of up to 100x and having no expiration date. This action is founded on Gemini's acquisition of MiCA compliance approval.

Institutional Holdings Overview for Solana: Total holdings have increased to 8.887 million tokens, representing 1.55% of SOL's current total supply.

On September 5th, based on the data from the Strategic SOL Reserve, there are currently 13 entities that have set up SOL treasury reserves. The total holdings amount to 8.887 million SOL, accounting for 1.55% of SOL's current total supply. Approximately 585,000 SOL has been used for staking, with a value of $1.041 billion. The average staking reward rate is 6.86%, accounting for 0.102% of the total supply. The top holding entities are as follows: Sharps Technology (STSS) takes the lead, currently holding 2.14 million SOL, with an approximate value of $435 million, and there have been no changes in the past 30 days. DeFi Development Corp (DFDV) ranks second, currently holding 2.028 million SOL, with an approximate value of $412 million. There has been a 5.2% increase in holdings in the past 30 days. Upexi (UPXI) ranks third, currently holding 2 million SOL, with an approximate value of $406 million. There has been a 15.3% increase in holdings in the past 30 days. Mercurity Fintech (

Top Solana Launchpad Market Share in the Last 24 Hours: pump.fun, Letsbonk, Believe ranked top three

On September 4th, according to the Jupiter Data Dashboard, in the past 24 hours, in the Solana launchpad market share ranking, pump.fun took the first place with 77.2%, Letsbonk came in second with 9.73%, and Believe ranked third with 3.58%.

Solana Foundation-backed accelerator, Solaris, launches second batch admissions

On September 4th, the Solana Chinese community Solar, the developer education platform HackQuest, and Sonic SVM jointly launched the second season of the Solaris Accelerator. This accelerator is officially supported by the Solana Foundation and is intended to provide systematic growth and resource support to entrepreneurial teams in the Chinese-speaking community. Offline events will be held in Singapore, Shenzhen, Hong Kong, and other places. In the first season projects in 2025, a total of 7 teams graduated successfully, and 4 of them received follow-up funding. The second season will take place from September to December and will focus on supporting early-stage projects in areas such as the Internet Capital Market, Artificial Intelligence, and Payments. Mentors for this season's accelerator include the Solana Foundation Chairperson Lily Liu, the Jupiter co-founder Siong, the Backpack co-founder Cansun, the Kamino founder Mark, the Bybit Spot Head, the Byreal founder Emily, as well

Galaxy Digital has tokenized stocks on Solana, taking a key step in RWA [Real World Asset] integration.

On September 3rd, the Nasdaq-listed crypto company Galaxy Digital launched a plan to "tokenize its SEC-registered stock and deploy it on a mainstream blockchain." Beginning today, shareholders can tokenize GLXY stock through Superstate's Opening Bell platform. The announcement indicated that Galaxy's tokenized stock and future listings on Opening Bell may offer broader liquidity and utility through automated market makers (AMMs) and other DeFi platforms. Galaxy's tokenized stock will only be accessible to KYC-verified accredited investors, who can hold and transfer these tokens within their own crypto wallets. In May of this year, Superstate launched Opening Bell with the aim of bringing SEC-registered stocks onto the blockchain, starting with Solana. While several projects have attempted to integrate publicly traded stocks with blockchain infrastructure, Opening Bell claims to be the first platform to provide direct issuance and on-chain trading of SEC-registered public stocks, rath

Fosun Wealth Holdings leveraged Vaulta technology to tokenize $328 million worth of stocks, with Solana as the underlying technology stack for issuance and settlement.

On September 3rd, Fosun Wealth Holdings announced that it has tokenized the stock of Sisram Medical, which is listed in Hong Kong, with a value of $328 million. The company indicated that this initiative will make use of Vaulta's "Banking Operating System" and incorporate Solana into its issuance and settlement technology framework.

Solana Ecosystem NFT Trading Platform Collector Crypt Surpasses $145 Million in Total Volume, Protocol's Gross Revenue Exceeds $9.65 Million

On September 3rd, based on @zkayape's Dune Analytics dashboard, the entity card trading platform Collector Crypt within the Solana ecosystem has accumulated a total trading volume of more than $1.45 billion and a protocol gross revenue of over $9.65 million. As of the time of writing, the platform's token CARDS is currently trading at $0.16, with a 24-hour increase of 630%.

Solana Ecosystem Entity Card Trading Platform Collector Crypt Token Surges Over 470% in a Single Day, Market Cap Exceeds $45 Million