Solana (SOL) — Onchain News & Whale Tracking

In 2025, Circle has minted 8.5 billion USDC on the Solana network

On February 27th, as per the monitoring of Onchain Lens, Circle minted an additional 2.5 billion USDC on the Solana network 9 hours ago. Up to now, Circle has minted a total of 8.5 billion USDC on Solana in 2025.

Solana SIMD-0228 Proposal is now open, aiming to transition SOL issuance to a market-driven model

On February 26th, as per Cointelegraph, the SIMD-0228 proposal of Solana is now available. Its goal is to shift SOL issuance to a market-driven model. A vote is anticipated to occur within approximately 10 days. The proposal sets a target staking rate of 50% in order to enhance the network's security and decentralization. If more than 50% of SOL is staked, the issuance will decrease, thereby suppressing additional staking by reducing the yield. If less than 50% of SOL is staked, the issuance will increase to boost the yield and encourage staking. The minimum inflation rate will be 0%, and the maximum inflation rate will be determined based on Solana's current issuance curve.

Solana Co-Founder Toly on Time.fun: Business Communication Is My Favorite Cryptocurrency Use Case

On February 25th, Toly, a co-founder of Solana, commented on the meme token "toly's minutes" issued on the time tokenization platform Time.fun, saying, "Time is fun, and business communication is my favorite use case for crypto applications." According to GMGN data, the market value of Toly's tokenized time (toly's minutes) of the Solana co-founder is currently $14 million, and the trading volume in the first 2 hours of trading is $16.8 million. BlockBeats reminds users that meme coins often lack practical use cases, experience significant price volatility, and investment should be made with caution.

BlackRock Executive Remains Silent on Potential Solana ETF

February 25th. According to The Block, when asked by someone if there were plans to launch a Solana ETF, Rachel Aguirre, the Head of Product at BlackRock's US iShares division, did not give a specific answer. Instead, she emphasized that the company would adhere to three core principles. “Firstly, what do clients demand? Secondly, what is the investment theory? In the cryptocurrency world, not all coins are identical, so this investment theory is of great significance. Thirdly, is it suitable for an ETF structure? Is there sufficient liquidity? Can it ensure transparency, etc.? Therefore, our principles remain the same, whether it is an active management strategy, a strategy utilizing options and other derivatives, or a strategy in the cryptocurrency space.”

Circle Mints 250 Million USDC on the Solana Network

On February 24th, as per the monitoring of OnchainLens, Circle has once again created 2.5 billion USDC on Solana. Up to now in 2025, Circle has minted a cumulative total of 8.25 billion USDC on Solana.

Franklin Templeton has submitted the S-1 filing for a spot Solana ETF to the SEC

On February 22nd, Franklin Templeton officially submitted the S-1 document to the U.S. Securities and Exchange Commission (SEC) for a dedicated Solana ETF.

Figure Markets will launch a Yield-Bearing Stablecoin on Solana

On February 21st, the digital asset division of the blockchain financial company Figure, Figure Markets, announced that it will launch a yield-bearing stablecoin on Solana.

Solana Blockchain User Activity in February Drops by Nearly 40%, Meme Coin Scams Erode Community Trust

On February 21st, as reported by Cointelegraph, meme coin scams are eroding community trust. Particularly, the Libra token incident has led to a notable decline in Solana's user activity. In February, the number of active addresses on the network dropped to a weekly average of 9.5 million, which is nearly a 40% decrease from the 15.6 million active addresses in November 2024. With the waning confidence in Solana, millions of dollars' worth of cryptocurrency is being transferred from Solana to other blockchains. This indicates that potential capital outflows may have a positive impact on the blockchain's long-term growth.

Solana-based Meme Coin PAIN reaches a current market cap of $154 million, with a trading volume of $51.4 million within 8 hours of launch

Time.fun will launch on the Solana network on February 24th.

On February 20th, the Time Tokenization platform Time.fun announced on social media that it will launch on the Solana network on February 24th. Previously reported by BlockBeats, on November 1st, 2024, the Base-based Time Tokenization platform Time.fun announced its migration to Solana. 0xKawz, the co-founder of Time.fun, stated that in most cases, the Ethereum ecosystem only focuses on technology and is self-righteous. If Ethereum cannot address its cultural issues and as more builders like Time.fun choose to migrate, Solana will take the lead.

Viewpoint: Celebrity Coin Fiasco Leads to Solana Narrative Collapse, Traders Eye Potential SOL/ETH Reversal

On February 19th, due to a series of Meme coin scandals that have had an impact on investor sentiment towards the Solana network, cryptocurrency traders are keeping a close eye on the potential for a reversal in the SOL/ETH exchange rate. According to data from TradingView, since mid-2023, SOL has performed significantly better than ETH, with the SOL/ETH exchange rate rising by more than ten times during this period. The SOL/ETH exchange rate reached a peak of 0.08 on February 15th and then reversed course, dropping to around 0.06 on February 18th. Andy, the co-founder of the venture capital firm Rollup Ventures, wrote: "The narrative of Solana as the best chain for retail participation has just shifted to one associated with fraud and insider trading, and it will take time to correct this. At the same time, 'Ethereum is ready to be adopted by the mainstream. The tide is turning.' He added that the SOL/ETH exchange rate is a barometer of the shift in market sentiment." (Cointelegraph

Coinbase Launches CFTC-Regulated Solana and Hedera Futures Contracts

On February 19th, as per official channels, Coinbase made an announcement regarding the launch of CFTC-regulated Solana and Hedera futures contracts. Now, eligible US investors have the ability to trade the aforementioned contracts on Coinbase Derivatives.

USDC Treasury Mints 250 Million USDC on the Solana Blockchain

On February 18th, as monitored by Whale Alert, approximately 4 minutes ago, the USDC Treasury minted 250 million USDC on the Solana blockchain.

The first Solana Global Hackathon is now open for registration

On February 18th, Solana officials declared that the first Solana Global Creator Competition, which is hosted by Little Unusual, is going to arrive shortly. This event will be held from February 25th to March 5th. Its purpose is to enable creators to demonstrate their abilities and get the chance to win prizes, receive instructions from top mentors, and participate in workshops, etc. Registration is currently open. The five creator tracks consist of: 2D Animation, Content Creation, 3D Animation, AI-Generated Video, and Design.

Last weekend, the average transaction cost of Ethereum and Solana reached their closest level in history

On February 17th, according to Conor Grogan, an executive at Coinbase, the average transaction cost on the Ethereum mainnet over the last weekend came extremely close to reaching the level of Solana's average transaction cost. At 7:00 on February 15, 2025, during that period, the difference between the two was only $0.28. It is worth noting that during the Libra controversy, there were multiple situations where the cost of token swaps on Solana was higher than that on the Ethereum layer 1 network.

Solana On-chain Meme Coin Broccoli Launches Moonshot

On February 14th, as per the monitoring of Moonshot Alpha, a novel Solana-based meme coin named $broccoli has been listed on Moonshot. Immediately after its listing, its market capitalization once surpassed $30 million, and the current market capitalization is reported to be $10.3 million. The 24-hour trading volume has reached $65.2 million.

Deutsche Bank-supported Taurus Expands Its Digital Asset Custody and Tokenization Services to the Solana Network

On February 13th, as per The Block, the Taurus company backed by Deutsche Bank is extending its digital asset custody and tokenization services to the Solana network.

Aethir Announces Official Expansion to the Solana Blockchain

On February 13th, as per official channels, Aethir has made an official announcement regarding its expansion to the Solana blockchain. Additionally, the native token ATH has been launched on the Solana blockchain as well. At present, the ATH rewards for Checker Node and Aethir Edge devices have been dispensed on the Arbitrum Layer 2 network. Enterprise customers are now capable of directly procuring computing power from the Aethir network on the Solana blockchain, thereby eliminating the entry hurdle for development teams that are looking to utilize Solana for their AI projects. By facilitating ATH transactions on the Solana blockchain, Aethir is streamlining the usage of GPU cloud services for Solana-based clients in their day-to-day operations.

Franklin Templeton Expands Its Tokenized Money Market Fund FOBXX Trading to Solana

On February 12th, Solana made an announcement. The asset management firm Franklin Templeton, which manages $1.5 trillion in assets, has extended the trading of its OnChain U.S. Government Money Fund (FOBXX) to Solana. FOBXX was launched in 2021 and became the first money market fund to use a public blockchain to track transactions and ownership.

Aave Co-founder Accuses Kamino of 'Mimicking' Aave, Prompting Solana Co-founder's Rebuttal

On February 12th, according to a Bloomberg report, Aave's leading position in the DeFi lending field appears to be facing intense competition. According to data compiled by Token Terminal, since January 2024, the Solana-based DeFi project Kamino has seen a 1,368% net deposit growth. During the same period, Morpho has witnessed a 214% net deposit growth. Meanwhile, Aave's net deposit growth rate is approximately 213%. This week, Aave founder Stani Kulechov criticized Kamino on Twitter, referring to the project as an "imitator" of Aave's "old tech" with a "half-baked" user interface. His post triggered rebuttals from Solana community members, including Solana co-founder Anatoly Yakovenko, who believe that Kamino is superior. Another early member of Aave's development team, Marc Zeller, has also been critical of how other DeFi projects handle issues. Despite Kulechov's criticism of Kamino, he admitted on a recent podcast, "Overall, the more developers on-chain, the better. It doesn't ma

The SEC has acknowledged multiple Solana spot ETF filing documents.

On February 12th, the U.S. Securities and Exchange Commission (SEC) confirmed on Tuesday a number of filing documents for spot Solana exchange-traded funds (ETFs). This marks progress in the market for a new type of altcoin financial instrument. The Cboe BZX trading platform submitted a proposed rule change form, with the intention of listing and trading spot Solana ETFs issued by potential issuers such as 21Shares, Bitwise, Canary Capital, and VanEck. Currently, this process is similar to previous attempts to launch a spot Bitcoin ETF. (The Block)

Circle has minted an additional 2.5 billion USDC on the Solana network, bringing the total issuance to 72.5 billion USDC year-to-date.

On February 11th, as monitored by OnchainLens, Circle once more minted 2.5 billion USDC on Solana. Up to now, by 2025, Circle has minted a total of 72.5 billion USDC on Solana.

Bloomberg analyst predicts a 70% probability that the Solana ETF will be approved by October 10, 2025.

On February 11th, Bloomberg's Digital Asset Analyst James Seyffart and Senior ETF Analyst Eric Balchunas publicly disclosed their predicted approval probabilities for four cryptocurrency ETF applications, including the highly anticipated Solana ETF. According to the assessment of Bloomberg's analysts, Solana has a 70% chance of officially entering the traditional financial market by October 10, 2025 (the final decision deadline of the U.S. Securities and Exchange Commission SEC). Seyffart and Balchunas are optimistic because the SEC recently officially accepted Grayscale's 19b-4 application, which is a key development that never occurred under the leadership of former SEC Chairman Gary Gensler. Although the approval probability of a spot Solana ETF is as high as 70%, analysts believe that another altcoin with a smaller market capitalization is more likely to be the first to land on Wall Street - Litecoin (LTC). LTC currently ranks 17th in the global crypto market, and its ETF approval

The Solana-based Multi-Agent AI Framework Zen AI (ZAI) has announced the launch of its V1 product, which will be compatible with mainstream social media platforms such as TikTok.

February 11th. According to official channels, Zen AI (ZAI), a multi-agent AI framework project aiming to promote the widespread adoption of crypto, has officially announced the launch of a new website and the release of the first version of its AI Agent product. Currently, the V1 product has enabled ordinary users to conveniently access the Solana network and carry out cryptocurrency transactions and inquiries through natural language. It is reported that the upcoming V2 version will introduce a gasless solution and a crypto airdrop and transaction system that is compatible with mainstream social media accounts such as TikTok, X (Twitter), and Telegram.

Virtuals Protocol announces that the VIRTUAL token has been successfully deployed on the Solana blockchain.

On February 10, according to official information, Virtuals Protocol has made an announcement. It stated that the VIRTUAL token is now able to be traded on the Solana blockchain. Additionally, its official Liquidity Provider (LP) is now active on Meteora.

Alliance DAO Co-creation: The same project launched on an Ethereum L2 solution received little attention, while Solana yielded better results.

On February 10th, Qiao Wang, a co-founder of Alliance DAO, stated in his latest podcast video that a year ago, he believed there was no difference in developing a project on Ethereum L2 or Solana. However, after nearly a year of observation and comparison, he found that the same early-stage project had no transactions and no users on Ethereum L2, while it was much more active on Solana. Therefore, Qiao Wang suggested that crypto early-stage projects should be launched on Solana.

Circle Minted 2.5 Billion USDC on the Solana Blockchain 6 hours ago

On February 10th, as monitored by Onchain Lens, Circle minted 2.5 billion USDC on the Solana blockchain 6 hours ago. Since 2025, a total of 7 billion USDC has been minted by Circle on the Solana blockchain.

The Brazil Stock Exchange B3 will launch Bitcoin options, Ethereum, and Solana futures contracts

On February 9th: The Brazilian Stock Exchange B3 is set to expand its cryptocurrency product portfolio by introducing Bitcoin (BTC) options and Ethereum (ETH) and Solana (SOL) futures contracts. B3's CEO Gilson Finkelsztain informed local media that these expanded products are anticipated to be launched this year. As per the local news outlet Valor Investe, the Bitcoin futures contract was launched on the exchange in April of the previous year, with a current monthly trading volume of 5 billion Brazilian reals (approximately 860 million US dollars). Meanwhile, the Brazilian cryptocurrency market monitoring platform Biscoint stated that the total trading volume in the first month of this year for traditional cryptocurrency exchanges reached 6.66 billion Brazilian reals (approximately 1.13 billion US dollars). B3 is Brazil's leading stock exchange, listing a wide range of cryptocurrency trading products in addition to stocks, bonds, and other financial instruments.

Solana staking protocol Fragmetric completes $7 million seed round

On February 7th, the Solana re-staking protocol, Fragmetric, announced the completion of a $7 million seed round of financing. This round was led by Finality Capital Partners and Hashed. Institutions such as Hypersphere, Presto Labs, Bitscale Capital, Halo Capital, and Flowdesk participated. Additionally, it received support from several angel investors within the Solana and restaking ecosystems. Fragmetric intends to achieve precise distribution of NCN (Node Consensus Network) rewards in the Solana ecosystem. It aims to provide a more efficient capital utilization solution for Solana LST (Liquid Staking Token) while enhancing network security and decentralization.

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

On February 7th, as monitored by Whale Alert, the USDC Treasury minted an additional 250 million USDC on the Solana blockchain at 19:57:11 in UTC+8 time.

Bloomberg Analyst: U.S. SEC Receives Grayscale Solana ETF's 19b-4 Application

On February 7th, Bloomberg analyst James Seyffart made a post on the X platform, saying, "The SEC has accepted Grayscale's Solana ETF 19b-4 application. This is truly significant news because the SEC has recently rejected similar applications in the case of the submitted SOL application. The deadline for this application is approximately October 11th."

Solana Network Runs Smoothly for One Year Without Downtime Events, Setting a New All-Time High

On February 6th, as reported by Cointelegraph, Solana has reached a remarkable milestone. The network has been operating continuously for an entire year without any downtime, establishing a new record as the longest in history.

At the beginning of February, the number of transactions on the Solana network decreased by 20% compared to the end of January.

On February 6th, based on BlockBeats' data, on February 1st, the Solana network handled a total of 62.6 million transactions. This is a 20% decrease compared to the peak on January 22nd, which was 76.8 million transactions.

Messari: Solana's Total On-Chain App Revenue Increases by 213% QoQ in Q4, Reaching $840 Million

On February 5th, according to official channels, Messari issued a Solana report indicating that Solana's on-chain GDP (Total Application Revenue) in 2024 Q4 witnessed a 213% quarterly growth, reaching $840 million: Pump Fun: $235 million (with a 242% growth quarter-on-quarter); Photon: $140 million (showing a 278% growth); Raydium: $74 million (with a 268% growth quarter-on-quarter); BullX: $73 million (exhibiting a 260% growth quarter-on-quarter); Trojan: $63 million (with a 187% growth quarter-on-quarter). Messari's Solana 2024 Q4 State of the Network Report is set to be released tomorrow.

Circle minted 250 million USDC on the Solana blockchain this morning

On February 5th, based on on-chain data, Circle minted an extra 2.5 billion USDC on the Solana blockchain 2 hours ago.

Solana On-chain Meme Project PAIN Raised 187,774 SOL in Presale

On February 4th, based on the data disclosed by SolanaFloor, the Solana-based Meme project PAIN raised 187,774 SOL (equivalent to 39.2 million US dollars) within a 48-hour presale period. This has made it one of the meme projects with the largest presale fundraising. BlockBeats would like to remind users that Meme coins usually lack practical use cases. Presale projects carry the risk of being "RUG" (a term used to describe projects that collapse or disappoint investors). Therefore, when it comes to investment, one should be cautious.

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

On February 3rd, as monitored by Whale Alert, Circle has just minted an additional 2.5 billion USDC on the Solana blockchain.

Solana ecosystem renowned trader Solstice buys AIFI, project reaches $92 million market cap

On February 2nd, the renowned trader in the Solana ecosystem, Solstice, has declared that he has purchased AIFI. Currently, the market capitalization of AIFI has exceeded 92 million US dollars. Solstice is a prominent trader active in Solana and has 170,000 Twitter followers. This includes key figures in the Solana ecosystem such as Solana founder Anatoly, Magic Eden, Moonshot, Popcat, Ansem, and Uniswap NFT product lead Scott. AIFI is the project token of AIFinflow, which is a modular AI agent framework that utilizes unsupervised learning distillation solutions specifically designed for DeFi.

Solana-based Meme Coin STONKS Market Cap Briefly Surpasses $70 Million Before Retreating, with a 24-hour Trading Volume of $107 Million

Circle has minted 2.5 billion USDC on the Solana network, bringing the total supply to 60 billion USDC issued so far this year.

On February 1st, as monitored by OnchainLens, 2 hours ago, Circle once again minted 2.5 billion USDC on Solana. By 2025, the total amount of USDC minted by Circle on Solana has reached 6 billion.

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

On January 31, as monitored by Onchain Lens, 17 minutes ago, Circle minted 2.5 billion USDC on the Solana blockchain. As of 2025, the total amount of USDC minted on the Solana blockchain has reached $5.75 billion.

Solana Network's daily active address count has reached 6 times that of the BNB Chain.

January 30: Alex Svanevik, the CEO of Nansen, shared a post indicating that approximately a year ago, the daily active address count on the BNB Chain was twice that of Solana. Currently, Solana's network has six times the daily active address count of the BNB Chain. In the meantime, the daily active address count of the Base network has also exceeded that of the BNB Chain.

Cboe BZX Once Again Represents Multiple Companies in Filing for Spot Solana ETF

On January 29th, Cboe BZX once more submitted a series of new applications for multiple companies, aiming to launch a spot Solana exchange-traded fund (ETF). This Tuesday, Cboe BZX submitted 19b-4 filings on behalf of Canary Solana Trust, Bitwise Solana ETF, 21Shares Core Solana ETF, and VanEck Solana Trust. The 19b-4 filing is a document submitted by an exchange to the issuer. Once accepted by the SEC and published in the Federal Register, it initiates the institution's approval process. These ETF applications were rejected in the previous year.

Moonshot Launches Meme Coin BEENZ on the Solana Blockchain

On January 28th, as per the monitoring of Moonshot Listing, Moonshot has currently launched the Solana-based Meme coin BEENZ. It is reported that the market value is $20 million and the 24-hour price increase is 108.1%. BlockBeats alerts users that Meme coins usually lack practical use cases and experience significant price volatility. Therefore, investment should be made with caution.

Circle has minted 5.25 billion USDC on Solana since January 2nd.

On January 27th, as per the monitoring of SolanaFloor, the stablecoin issuer Circle has produced 5.25 billion USDC on the Solana network since January 2nd of this year.

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

On January 27th, according to Whale Alert's monitoring, the USDC Treasury minted an extra 250 million USDC on the Solana blockchain at 10:25:28.

Solana-based Meme Token SEEK Surpasses $30 Million Market Cap

On January 27th, based on GMGN data, the Solana-based Meme token SEEK (DeepSeek) has a market capitalization exceeding 30 million US dollars and a 24-hour trading volume of 56.9 million US dollars. BlockBeats Note: SEEK is a concept Meme token for DeepSeek. Today, the DeepSeek app topped the free app download rankings in both the Chinese and American Apple App Stores. The Chinese AI startup DeepSeek has recently released two large models, DeepSeek-V3 and DeepSeek-R1, at a low cost with performance comparable to that of OpenAI, attracting widespread attention in the industry. BlockBeats reminds users that Meme coins often lack practical use cases and are highly volatile in price. Therefore, investment should be approached with caution.

Virtuals Core Contributor: Scheduled to Launch on the Solana Platform in the 1st Week of February

January 26th. Virtuals Core Contributor everythingempty made an update on the social platform as follows: · Multi-Chain Expansion At present, we are expanding multi-chain support to incorporate Base and Solana. Builders now have the option to natively deploy their agents and corresponding tokens on either Base or Solana. The initial liquidity pools will be launched on Uniswap (Base) or Meteora (Solana). · Solana Platform Launch Timing We are planning to launch the Solana platform in the first week of February. The VIRTUAL/SOL liquidity pool is expected to become operational on the Solana chain in the coming days. The specific details are currently being finalized with LayerZero. · For Existing Agents on the Base Chain If existing agent teams want to expand their distribution channels on Solana: The Uniswap liquidity pool is locked for ten years and cannot be migrated. We are exploring ways to assist interested teams in using 50% of their cbbtc held in their agent wallets as a liquid

Solana's first AI Agent social network XAI will launch its token XAI on January 25th at 23:30 (Singapore time).

On January 25th, XAI announced on the X platform that the platform token XAI will add liquidity on Solana at 23:30 (Singapore time) on January 25th and officially start trading. According to the official Twitter, XAI successfully raised 2789 SOL during the presale phase and has refunded 2039 excess SOL. XAI enables users to create their own AI Agent and issue corresponding tokens. It also supports upgrading NFTs to self-aware AI Agents. These AI Agents can self-improve, interact with each other, and provide investment advice. The XAI.space has released a test version.

Virtuals Protocol will expand to Solana

On January 25th, Virtuals Protocol announced in a post on the X platform that it plans to expand to Solana. Virtuals Protocol is launching the Meteora pool on Solana and engaging in a strategic SOL reserve. It will convert 1% of transaction fees into SOL. Additionally, the AGENT/VIRTUAL trading pair will remain consistent on Solana to ensure a seamless user experience.