Solana (SOL) — Onchain News & Whale Tracking

Solana On-chain July Launchpad Revenue Rankings Revealed: Letsbonk Claims Top Spot for the First Time

On August 1st, based on the data dashboard of Blockworks, in July, Solana's on-chain Launchpad revenue (including revenue from the Launchpad platform and Bonding Curve infrastructure service providers) ranked Letsbonk first with $37.38 million, followed by pump.fun in second place with $15.38 million, and Raydium in third place with $9.48 million.

Meme Coin Market Watch: New Coin WLFI Launches on Solana, OG Sees Short-Term Market Cap Surge, Base Chain Veteran Token BNKR Shows Active Trading

On August 1st, according to GMGN data, within the past 6 hours on the Solana chain, the top five tokens in the "Next Blue Chip" sector were WLFI, PUMP, OG, MarsMi, and URANUS. WLFI and OG are new meme tokens that have been listed for less than 10 hours and have fewer than a thousand holders, presenting a significant risk. On the other hand, on the Base chain, in the past 24 hours, the top five tokens in terms of trading volume released on Clanker were BNKR, CLANKER, DRB, Fartcoin, and LUM. These five tokens have been listed for a longer time and have more than a thousand holders. BlockBeats reminds users that meme coins usually lack practical use cases, experience high price volatility, and investments should be made with caution.

pump.fun Solana Launchpad's Market Share in the Last 24 Hours Rises to 29.9%

On July 31st, according to the Jupiter Data Dashboard, in the past 24 hours within the Solana launchpad market share ranking, Letsbonk held the first position with 53.7%, pump.fun came in second with 29.9%, and Jup Studio took the third place with 5.51%.

Jito Labs and other organizations have jointly written to the SEC urging the inclusion of liquidity staking tokens in the Solana ETF.

On July 31st, Jito Labs, Bitwise, Multicoin Capital, VanEck, and the Solana Policy Institute submitted an open letter to the U.S. Securities and Exchange Commission (SEC). This letter proposed the utilization of Liquidity Staking Tokens (LST) as a collateral mechanism in Exchange-Traded Products (ETPs). The proposal specifically pertains to the 8 Solana ETF applications submitted earlier in June and the additional applications submitted on June 25th.

Past 6 Hours Solana On-chain Trading: Short-term Frenzy, 5 New Tokens Listed Less Than 24 Hours Ago Achieve Top Five Trading Volume

Base Chain Token Supply Surpasses Solana for 4 Consecutive Days, Zora's Issuance Exceeds the Total Supply of Letsbonk and Pump.fun

On July 31st, based on the sealaunch data dashboard, as of July 26th, the on-chain token issuance of the Base chain has exceeded that of Solana for 4 consecutive days, marking a historical first. It is worth noting that in terms of the issuance market share on the Base and Solana networks, Zora has consistently ranked first since July 23rd. According to the latest published data, on July 29th, the issuance of the Zora platform reached 49,989, with a market share of 63%, surpassing the total issuance on the same day by Letsbonk (19,593) and Pump.fun (4764).

Fosun-backed Finloop Completes Multi-Million Dollar Series A Funding Round with Participation from Solana Foundation

On July 31st, according to Finloop, a technology firm under Fosun's Star Road Technology. It has recently completed a nearly multimillion-dollar Series A financing round. The investors include the Solana Foundation and other Web3 industry organizations. This round of financing will be utilized to swiftly build and enhance the company's Web5 new business ecosystem - RWA (Real World Assets). It will also enhance its comprehensive ability to integrate fiat currency, stablecoins, and digital assets. Furthermore, it will provide financial institutions with a one-stop technology solution that connects the traditional financial and digital asset worlds. According to the introduction, the strategic concept of Star Road Technology is based on Web5. Its business model mainly supports B2B service platforms for all types of financial products. It achieves this by supporting full-category products from Web2 (such as cash management, public funds, private funds, bonds, bills, insurance, etc.) and

21Shares Submits Revised Solana Spot ETF S-1 Filing to SEC

On July 31st, as reported by Cointelegraph, 21Shares has presented a revised S-1 filing for the Solana spot ETF to the U.S. SEC.

Circle Issues 750 Million USDC on the Solana Network

On July 30th, as monitored by Whale Alert, Circle issued a total of 750 million USDC in three distinct transactions on the Solana network.

Solana Ecosystem Meme Coin NEET Surges to Over $15 Million Market Cap Briefly Before Falling Back, Up Over 91% in 24 Hours

On July 30th, according to the GMGN market data, the meme coin NEET in the Solana ecosystem briefly exceeded a market capitalization of $15 million and then retreated. Currently, the market capitalization has reached $12.3 million, with a 24-hour increase of over 91%. BlockBeats reminds users that meme coins have no practical use case and experience large price fluctuations. Therefore, investment should be approached with caution.

Solana On-Chain 24-hour Market Update: New Coin POKEDEX Trading Volume Surges; PLAY, MarsMi Lead the Way in the 'Next Blue Chips' Sector

On July 30th, according to GMGN data, the top five tokens in terms of trading volume within the past 24 hours are POKEDEX, PUMP, Fartoin, Ani, and USELESS. Among them, the POKEDEX token has been listed for less than 24 hours, with a relatively low market value and a high level of risk. Therefore, investors should pay close attention to the security of their funds. According to GMGN's "Next Blue Chip" section recommendation, the top five tokens in terms of market capitalization within the past 24 hours are PLAY, PUMP, MarsMi, COAI, and PHY. Tokens in the blue chip sector are often listed for less than 24 hours, with concentrated chips and a relatively low market value, presenting high risks. Hence, investors should pay attention to the security of their funds. BlockBeats reminds users that meme coins often lack practical use cases and have large price fluctuations. Therefore, investment should be approached with caution.

The Token Supply on Base has been higher than Solana for the past 3 days, with Zora as the main driver.

On July 30th, according to the sealaunch data dashboard, the token issuance on Base has exceeded that on Solana for 3 consecutive days starting from the 26th, which marks the first time in history. It is worth noting that in terms of the coin issuance market share on the Base and Solana networks, Zora has been in the top position since July 23rd. As of July 28th, the coin issuance on the Zora platform reached 51,575, with a market share of 62.69%, surpassing the combined total daily coin issuance of Letsbonk (22,554) and pump.fun (4173).

Solana On-chain Market Update: New Coin MAU, CLUELESS Trading Volume Surges into Top Five; Blue Chip Sector SUNK, CMINI Goes Live and Sparks Frenzy

Letsbonk's Solana Launchpad market share has risen to 83.5% in the last 24 hours, while pump.fun has dropped to 7.94%.

On July 29th, as per the Jupiter Data Dashboard, within the past 24 hours in the Solana yield farming platform market share ranking, Letsbonk took the lead with 83.5%, pump.fun came in second with 7.94%, and Jup Studio ranked third with 2.69%.

Cboe Submits Canaray Bitcoin ETF and Invesco Galaxy Solana ETF Applications to SEC

On July 29th, the Cboe BZX Exchange submitted an application to the U.S. Securities and Exchange Commission (SEC) for the launch of an exchange-traded fund (ETF) tracking the native asset INJ of the Injective Protocol. The exchange-traded fund sponsor, Canary Capital Group LLC, submitted this application. Earlier this month, Canary first proposed the concept of the Canary Staked INJ ETF. On the same day, Cboe BZX also filed an application for the Invesco Galaxy Solana ETF as more and more companies are hoping for SEC approval for a spot SOL ETF. Both of these filings are part of the "two-step process" required when submitting a crypto ETF proposal to the SEC. Since President Trump took office in January, the U.S. regulatory environment has become more crypto-friendly. The SEC is reviewing dozens of proposals for digital asset funds, covering a wide range of tokens from DOGE and SOL to XRP. During the Biden administration, the SEC has approved a spot Bitcoin ETF and subsequently appro

Noble, Eclipse, and Solana Top Cross-Chain Bridge Net Inflow in the Past Week

On July 28th, as per the data from DefiLlama, during the past week, the net inflow of funds through the Noble cross-chain bridge amounted to $129 million, securing the top position among all public chains. Closely trailing behind are Eclipse and Solana, with net inflows of $112 million and $45.27 million, respectively. On Ethereum, Arbitrum, and Hyperliquid, there were net outflows of $223.9 million, $148.1 million, and $20.49 million, respectively.

pump.fun's Solana Launchpad Market Share in the last 24 hours has dropped to 9.01%, placing it below Jup Studio at third place.

On July 28th, according to the Jupiter Data Dashboard, within the past 24 hours, in the Solana launchpad market share ranking, Letsbonk took the first place with 76.9%, Jup Studio came in second with 9.8%, and pump.fun ranked third with 9.01%.

Public Blockchain Activity Top 7-Day Ranking: Solana Holds Top Position, Ethereum Leads in Growth

On July 27th, based on Nansen data, the top public chains in terms of active address count over the past 7 days are as follows: Solana (28.18M), BNB Chain (10.14M), Base (7.08M), Tron (5.86M), SEI (3.24M), Aptos (2.89M), Bitcoin (2.80M), and Ethereum (2.50M). Among them, Ethereum's active address count witnessed a growth against the trend by 8.7%, ranking first in terms of growth. Meanwhile, Solana's active address count increased by 1.9%, coming in second in terms of growth. Furthermore, according to Defillama data, in the past 24 hours, the top public chains by DEX trading volume are BNB Chain ($39.3B), Ethereum ($23.4B), Solana ($17.96B), Base ($11.6B), and SUI ($5.3B).

Solana Ecosystem Meme Coin MEMECOIN briefly surged above $0.05 today, marking a 5325% gain in the last 7 days.

On July 26th, according to GMGN market data, Solana's ecosystem Meme coin just memecoin (MEMECOIN) broke through $0.05 in the early hours of today. It is currently trading at $0.04917, with a 23.8% increase in the past 24 hours and a 5325% increase in the past 7 days. The market capitalization is currently $49.15 million, and the 24-hour trading volume is $17.07 million. BlockBeats Note: Meme coins often experience significant price volatility, which is usually driven by market sentiment and hype and lacks real value or use cases. Investors should be cautious of the risks involved.

Pantera Founder: Blockchains like Ethereum and Solana Have Advantages that Bitcoin Does Not

On July 25th, according to a report in Fortune, the founder of Pantera Capital emphasized the reasons for investing in a diversified portfolio of blockchain and projects during an interview. "There isn't just one internet company, is there? That's precisely how I view blockchain. Although Bitcoin is dominant, its use cases are relatively limited, especially in the context where supporters are promoting decentralized finance applications such as payments and lending. Other blockchains like Ethereum and Solana have advantages that Bitcoin lacks, including faster speeds, programmability, and lower transaction fees. Stablecoins are expected to bring about a breakthrough for the entire industry. Especially as banks and major tech companies start to explore this area. As the trend of enterprises adopting stablecoins strengthens, it will attract more participants to join the blockchain ecosystem."

Solana has released the "Internet Capital Markets" roadmap, focusing on application-driven execution.

On July 24th, the Solana Foundation disclosed the "Internet Capital Markets" roadmap. This roadmap was jointly authored by team members from the Solana Foundation, Anza, Jito Labs, DoubleZero, Drift, and Multicoin Capital, with application control execution serving as its core. The roadmap outlined six key trade-offs: the balance between Privacy and Transparency, the contrast between Throttling and Unthrottled Transactions, the trade-offs among Inclusivity, Finality, and Latency, the choice between Hosted and Geographically Distributed, the difference between Maker-First and Taker-First Priority, and the trade-off between Flexibility and Opinionated Architecture. In the short term, the Jito Labs team announced on Monday its Blockchain Assembly Market (BAM). BAM is a "transaction processing system" that provides powerful new tools for Solana validators, traders, and applications to enhance performance. BAM is set to launch at the end of this month, aiming to bring privacy and transpare

REX-Osprey to Include JitoSOL in its Solana Staking ETF Investment Portfolio

On July 24th, REX-Osprey announced the official inclusion of the staking token JitoSOL of the Solana ecosystem in the REX-Osprey Solana + Staking ETF (SSK) portfolio. This upgrade allows the ETF to maintain liquidity, transparency, and the convenience of traditional brokerage trading while receiving the native staking rewards of Solana. Since its listing on July 2nd, the assets under management (AUM) of the SSK have exceeded $100 million, reflecting the increasing demand from investors to allocate crypto assets through traditional accounts. Greg King, CEO of REX Financial and Osprey Funds, stated: "SSK is the first product to bring crypto staking rewards into a U.S. ETF. By now integrating JitoSOL for liquid staking, we have further enhanced liquidity while continuously delivering Solana's native yield within the ETF structure."

Solana developers are considering increasing the network's block capacity by 66%.

On July 24th, as per Coindesk, with the growth in the demand for block space, Solana developers are contemplating a 66% augmentation in the network block capacity. According to a document disseminated by core contributors this week, the novel proposal, SIMD-0286, proposes elevating Solana's computational unit (CU) limit per block from 60 million to 100 million. The proposal is intended to enable Solana to handle a greater number of transactions and support more intricate applications like decentralized exchanges (DEX), MEV systems, and re-staking protocols without encountering the computational limit.

Solana Network Activates 20% Block Size Increase Upgrade

On July 24th, as per @martypartymusic, the Solana network yesterday implemented an increase in the block size by 20% based on the SIMD-0256 proposal. This upgrade led to a raise in the block limit from 50 million compute units (CUs) to 60 million CUs. As a result, each block is now capable of accommodating a greater number of transactions, thereby enhancing network throughput and overall performance. Users have notably noticed a significant improvement in transaction speeds.

The Asymmetric founder will lead the new Solana Treasury company, Accelerate, aiming to raise up to $1.51 billion in funding.

On July 24th, as per Unchained, Joe McCann, who is the Founder and CEO of the crypto hedge fund Asymmetric Financial, is going to serve as the CEO of a new Solana treasury company named Accelerate. The company aims to raise up to $1.51 billion. It plans to obtain $800 million through a PIPE, $358.8 million through a SPAC, $250 million through convertible bonds, and sell $103.2 million in the form of SPAC warrants. If this fundraising round is accomplished, Accelerate will promptly start setting up a new Solana treasury or immediately become the largest SOL treasury management company in the market.

The data shows that only 12% of the Ethereum protocol and 25% of the Solana protocol have revenue.

July 23rd. According to a report from Coindesk, data from DeFiLlama indicates that the Ethereum network is home to a total of 1,271 protocols. During the past 30 days, 88% (1,121 protocols) of these projects did not generate any revenue. The Solana ecosystem, which is on a smaller scale, has 264 protocols, and 75% of them have not generated any revenue in the past few days. Many protocols on these two chains have recently been unable to capture any value. Inactive smart contracts have increased storage burdens, posed security risks, and led to economic inefficiencies, thereby hindering the overall improvement of the user experience.

PENGU Surpasses BONK in Market Cap to Become the Largest Meme Coin in the Solana Ecosystem

On July 23rd, according to CoinGecko data, PENGU surged by more than 19.5% within the past 24 hours and reached a market capitalization of 27.85 billion US dollars, surpassing BONK (27.01 billion US dollars) to become the Meme coin with the largest market capitalization in the Solana ecosystem.

Solana Blockchain Meme Coin Memecoin Market Cap Briefly Surpasses $37 Million

Solana Network Achieves Real TPS Exceeding 1600 Temporarily

On July 22nd, based on Solscan data, the real TPS (True TPS) of the Solana network briefly exceeded 1600 and is currently reported at 1131.

Solana-Powered Meme Coin Memecoin's Market Cap Surges Above $20 Million Briefly

On July 22nd, according to GMGN data, the market capitalization of the Solana-based Meme coin briefly exceeded $20 million. Currently, it is reported at $17.3 million. The 24-hour trading volume is $15.9 million, and it has increased by 2236% in 24 hours. BlockBeats reminds users that Meme coins often lack practical use cases and experience significant price volatility. Therefore, investment should be approached with caution.

Pre-market: Solana Treasury Strategy Company Leads Surge in Crypto-related Stocks, MFH Up Over 18.6%

On July 22nd, based on market information, in the pre-market trading of US stocks, the "Solana Treasury Strategy" company took the lead in cryptocurrency concept stocks. These included: Mercurity Fintech Holding (MFH), which surged by more than 18.6% after previously announcing the launch of a Solana-based treasury strategy; the "SOL version of MicroStrategy", DeFi Development Corporation (DFDV), which rose by 3.8% as it increased its holdings by 141,300 SOL yesterday, bringing its total holdings to approximately 1 million SOL; Thumzup Media Corporation (TZUP), which surged by more than 9.8% after its board approved a $250 million investment in cryptocurrency. Other cryptocurrency concept stocks had mixed performances: the "ETH version of MicroStrategy", SharpLink, fell by 1.05%; Circle fell by 1.52%; Coinbase rose by 0.18%; MicroStrategy fell by 0.3%.

Solana's Market Cap Surpasses BNB Again After Five Months, Rises to Fifth Place in Global Cryptocurrency Market

On July 22nd, based on CoinGecko data, Solana's market capitalization has once again exceeded BNB after five months and risen to the fifth position in the global cryptocurrency market capitalization ranking. Solana's current market capitalization is $107.6 billion, while BNB's current market capitalization is $106 billion. Previously, on February 23rd, BNB's market capitalization surpassed $104.2 billion and surpassed SOL to rise to the fifth position in the global cryptocurrency market capitalization ranking.

Solana-based AI Game "AI Meow Mining" Officially Launches Open Beta

On July 22nd, the first AI product of CAT Terminal, CAT Crew "AI Meow Mine", officially began its public beta. Within just one day, more than 500 users have participated in feeding, with a total of over 33 million CAT tokens being fed. As a Solana-based AI gamified application, "AI Meow Mine" integrates an AI economic model with MEME fusion. The CAT Terminal token CAT was launched on the PumpFun platform in January 2025 and belongs to the Nihilism AI MEME track together with Fartcoin. As of the time of writing, CAT's market value is currently reported to be $18.75 million, with 5777 holding addresses.

Solana's Market Cap Surpasses Synopsys, Rises to 196th in Global Asset Market Cap Ranking

On July 22nd, based on 8marketcap data, Solana (SOL) achieved a market capitalization of over $109.4 billion. It surpassed Synopsys and rose to the 196th position in the global asset market capitalization rankings.

Solana Ecosystem Tokens See Across-the-Board Price Increase, RAY Surges Over 20% in 24 Hours

On July 22nd, the tokens in the Solana ecosystem generally witnessed a rise. They include: - JUP surged by more than 17% in the past 24 hours and is now trading at $0.6527. - JTO surged by more than 12% in the past 24 hours and is now trading at $2.272. - RAY surged by more than 20% in the past 24 hours and is now trading at $3.477. - KMNO surged by more than 11% in the past 24 hours and is now trading at $0.07199. - FARTCOIN surged by more than 15% in the past 24 hours and is now trading at $1.6422.

「SOL Version of MicroStrategy」 Doubles Down on Solana: Acquires an Additional 141,300 SOL, Bringing Total Holdings to Around 1 Million SOL

On July 21st, as per an official announcement, DeFi Development Corp, a US-listed company, today announced that it has once more increased its holdings by 141,383 SOL. The total holding now amounts to 999,999 SOL, which is equivalent to approximately $192 million.

US Stock Mercurity Fintech Receives $200M Strategic Investment from Solana Ventures to Launch Solana Digital Asset Treasury Strategy

On July 21st, as per a report by businessinsider, the digital fintech group Mercurity Fintech Holding Inc. (Nasdaq: MFH) announced today a $200 million equity line of credit agreement with Solana Ventures Ltd. This is for the purpose of launching a digital asset treasury strategy based on the Solana blockchain. It is reported that MFH's Solana strategy mainly focuses on three directions: - Establishing a high-value digital asset reserve centered around the SOL token. - Earning long-term yields by means of staking, validator nodes, and Solana decentralized finance (DeFi) protocols. - Investing in real-world assets (RWA) and tokenized financial products within the Solana ecosystem.

Public Chain Activity Top 7 Ranking: Solana Maintains the Lead

On July 21st, according to Nansen data, the top five public chains in terms of the number of active addresses over the past 7 days are as follows: Solana (28.053 million), BNB Chain (10.603 million), Base (9.537 million), Tron (5.888 million), and Sei (3.493 million).

Past 24 Hours Solana On-chain Report: TRUMP Market Cap at $11.5B Maintains Lead, Dege Trading Volume Tops

PENGU Surpasses TRUMP in Market Cap, Becomes the Second Largest Meme Coin on the Solana Blockchain

On July 21st, according to HTX market data, as PENGU surged by 21.2% in 24 hours, its market capitalization exceeded $23.2 billion, surpassing TRUMP and becoming the second-largest Meme coin on the Solana blockchain. Currently, the largest Meme coin on the Solana blockchain is BONK, with a market capitalization of approximately $26.7 billion.

Solana's Market Cap Surpasses Intel, Global Asset Market Cap Rises to 218th Place

On July 21st, based on 8marketcap data, Solana (SOL) exceeded a market capitalization of 101.9 billion USD and surpassed Intel. It rose to the 218th position in the global asset market value.

Solana-Based Meme Coin GOR's Market Cap Surges Above $28 Million Briefly, Up Over 92.17% in 24 Hours

On July 21st, according to GMGN data, the on-chain Meme coin GOR's market capitalization briefly exceeded $28 million. Currently, it stands at $25.61 million. The 24-hour trading volume is $7.2 million, and it has increased by over 92.17% in 24 hours. BlockBeats reminds users that Meme coins often lack practical use cases and experience significant price volatility. Therefore, investment should be approached with caution.

LetsBONK's tokenomics over the past 24 hours have seen it take the top spot on the Solana blockchain in terms of token supply, circulating supply, and market share.

On July 20th, based on the Jupiter Data Dashboard, within the past 24 hours in the Solana token issuance platform market share ranking, LetsBONK held the top position with 48.1%, and Pump.Fun came in second with 41.4%. Moreover, according to Dune data, in the past 24 hours, LetsBONK has issued approximately 18,764 tokens, while Pump.fun has issued around 9,240 tokens. LetsBONK has a total of 138 token graduation events, and Pump.fun has 70.

Solana Ecosystem Meme Project MEW Releases Animation Teaser, Continues to Advance IP Development Upgrade

On July 20th, the Meme project MEW within the Solana ecosystem recently launched its first animated trailer. It has received widespread acclaim from the community and is advancing its IP development upgrade. The animated trailer showcases exquisite artworks and a complete world view, demonstrating the project team's determination to continuously develop this IP. Subsequent plans involve deepening the MEW brand value through animations and related content.

Game Infrastructure Developer BRAVO READY Acquires Solana Blockchain Strategy Game Honeyland

On July 12th, Honeyland, a Solana blockchain strategy game developed by Hexagon Studios, announced that it has been acquired by game infrastructure developer BRAVO READY. The specific acquisition amount has not been made public. Previously, Honeyland had secured $4 million in funding with a valuation of $20 million. Upon the completion of the acquisition deal, Honeyland will be integrated into BRAVO READY's portfolio of real-time revenue-generating products.

pump.fun's Solana Launchpad market share in the last 24 hours has reached 48.7%, surpassing Letsbonk to rank first

On July 11th, according to the Jupiter Data Dashboard, within the past 24 hours, in the Solana launchpad market share ranking, pump.fun took the lead with 48.7%, while Letsbonk came in second with 39.7%.

Zeus Network is launching a Bitcoin Airdrop event, and active wallets on the Solana blockchain are eligible to receive the airdrop.

On July 11th, according to official channels, the Zeus Network has initiated a Bitcoin airdrop event. Wallets that are active on the Solana network are eligible to receive the airdrop. Users can verify their eligibility for the airdrop on their website. In addition, users can register for the btcSOL whitelist. By completing tasks, they can unlock the zPioneer identity, obtain exclusive access to early-stage strategies, benefits, and rewards. They can also publish Zeus Network-related content to enhance their ranking on the Galxe Starboard leaderboard and be qualified for the next Bitcoin airdrop on the Solana network.

Circle Issues an Additional 250 Million USDC on Solana

Update, on July 11th. Based on on-chain data, the Circle USDC Treasury minted an extra 250 million USDC on the Solana network at 7:53 AM (Beijing time).

Bit Mining: to Convert Crypto Holdings to SOL and Raise $200M to $300M for Solana Strategic

On July 10th, the crypto mining firm Bit Mining announced that it is going to undergo a strategic transformation and enter the Solana ecosystem. As part of this strategic adjustment, BIT Mining will set up a solid SOL treasury as the foundation of its strategic transformation. To back its Solana-centered strategy, the company plans to raise between $200 million and $300 million in stages according to market conditions and the availability of funds. The raised funds will be used to accumulate SOL tokens and strengthen the company's treasury through continuous capital deployment and gradual acquisitions. Meanwhile, to start the treasury, BIT Mining will convert its existing cryptocurrency holdings into SOL and adopt a long-term holding strategy.

Bullish is partnering with the Solana Foundation to advance on-chain stablecoin applications and plans to gradually introduce Solana technology.

On July 10th, on the digital asset platform Bullish, it was announced that they had entered into a partnership with the Solana Foundation. This partnership will utilize the Solana native stablecoin for the exchange's custody, payment, trading, and settlement services. The two parties have the goal of building efficient and low-cost on-chain financial infrastructure. By combining Bullish's deep liquidity with Solana's high-speed network advantage, they aim to achieve better results. Bullish plans to gradually introduce Solana technology to support payments and future product innovation.