The PENGU token associated with the Pudgy Penguins NFT brand surged past a US$2 billion market capitalization on 15 July, capping a rally in which traders exchanged the project’s entire circulating supply within 24 hours, according to market-tracking accounts. The floor price of the original Pudgy Penguins non-fungible tokens simultaneously climbed to about 14 ether (roughly US$46,000), underscoring renewed speculative demand for the penguin-themed collectibles.

Momentum was fueled by a string of forthcoming initiatives. Developers said derivatives tied to PENGU will list on the Hyperliquid exchange, while a separate effort will migrate the asset to the Solana blockchain. Solana-based staking platform Marinade Finance signaled plans for a “stake SOL, receive PENGU” program, switching its social-media profile picture to a Pudgy Penguin as a teaser.

Chief executive Luca Netz added that the project is “scaling hard” in the United Arab Emirates, positioning the token for a broader international rollout. Traders on prediction markets are now betting PENGU could enter the top-40 digital-asset rankings by 20 July, implying another double-digit percentage move in the near term.

Gunzilla, the developer behind the AAA cyberpunk battle royale game "Off The Grid," has announced the expansion of its $GUN token to the Solana blockchain, effective July 10, 2025. Originally launched on Avalanche, the $GUN token will now be accessible on Solana, allowing users to bridge tokens from Gunzilla's Layer 1 blockchain or Avalanche to Solana. This move aims to increase accessibility for players of "Off The Grid." Additionally, the game is set to launch on Steam on July 17, 2025, marking the first crypto-integrated game on the platform since its 2021 ban on NFT titles. The Steam release will feature optional Web3 functionalities for players. Meanwhile, the broader crypto gaming industry faces criticism over tokenomics and sustainability, with calls for more transparent and aligned incentives such as token buybacks and revenue sharing.

The U.S. Securities and Exchange Commission has asked issuers seeking to launch spot exchange-traded funds tracking Solana to submit amended S-1 registration statements by the end of July, according to people familiar with the correspondence. The accelerated timetable compresses a review process that could have run until 10 October, signalling that the agency may be preparing to rule on the products months ahead of the statutory deadline.

Read more

CME Group’s expansion into alt-coin derivatives is drawing significant trading activity, with cumulative volume in Solana futures contracts crossing the $4 billion mark this week. The milestone underscores growing institutional appetite for exposure to tokens beyond Bitcoin and Ether on a regulated venue.

Interest extends to other tokens: XRP and Micro XRP futures generated $235 million in daily turnover on 11 July, lifting combined trading since their debut to more than $1.6 billion. Elevated volume has accompanied a wider rally in spot markets, where XRP has advanced roughly 26 % over the past seven days, edging toward the $3 level.

Read more

Pump.fun’s much-anticipated PUMP token went live on 14 July after a public sale that raised roughly $600 million. The initial coin offering sold 150 billion tokens at $0.004 each and was dominated by on-chain demand: data from the sale show 74.75% of the volume, or about $448 million, settled directly on Solana as more than 10,000 wallets scrambled for an allocation.

Trading began briskly. Within the first hour, on-chain turnover topped $240 million and the token’s fully diluted market value hovered near $6 billion. Derivatives traders quickly joined in; open interest in PUMP futures jumped 275% over the weekend to about $690 million, making it the 13th most-active contract among digital assets.

Read more

Solana's memecoin launchpad market has experienced a notable shift as LetsBonk (@bonk_fun) overtook PumpFun (@pumpdotfun) in market share, daily token launches, revenue, and trading volume. Starting from early July 2025, LetsBonk surged from approximately 25% to over 78% market share, while PumpFun's share declined from above 60% to around 21%. LetsBonk became the first Solana memecoin launchpad to surpass PumpFun in 24-hour token launches and revenue, achieving daily revenues exceeding $1 million compared to PumpFun's $579,000. The competition intensified with both platforms combining for over $1.2 billion in daily trading volume by mid-July.

Meanwhile, PumpFun prepared for and launched its native $PUMP token through a highly successful Initial Coin Offering (ICO) from July 12 to 15, 2025, across multiple exchanges including Bybit, Kraken, Bitget, MEXC, KuCoin, and Gate. The ICO offered 150 billion tokens (15% of the total 1 trillion supply) at $0.004 per token, raising approximately $600 million within 12 minutes and over $1.3 billion including private sales, reaching a fully diluted valuation (FDV) of around $5.3 billion at launch. Following the ICO, $PUMP began trading on Solana decentralized exchanges, recording over $240 million in on-chain volume within the first hour. In response to the competitive pressure and to support token value, PumpFun initiated substantial buyback programs funded by fee revenues, spending over $30 million worth of Solana tokens (SOL) to repurchase $PUMP tokens. These buybacks have been executed transparently and aggressively, with PumpFun continuing to add funds to the buyback wallet and purchasing billions of tokens. Despite the buybacks and ICO success, LetsBonk has maintained dominance in weekly revenue and token launches, signaling a dynamic and competitive environment in Solana's memecoin ecosystem.

Bybit has officially listed the cryptocurrency $HYPE on its spot trading platform in partnership with Hyperliquid, marking a strategic expansion to reach a broader audience and enhance liquidity. Following the listing, $HYPE experienced an 8% increase in value over 24 hours and a 10% gain over the past week, with a peak price reaching $45.96. Market sentiment appears optimistic, supported by Bitcoin breaking its all-time high and an overall rise in risk appetite. The listing on Bybit is seen as a competitive move that may pressure other major exchanges like Coinbase and Binance to list $HYPE soon. Hyperliquid positions itself as a decentralized and inclusive exchange, emphasizing equal access for all traders. Additionally, new futures listings including $HYPER from Hyperlane, $FUN, $STO, and $LOKA have gone live with up to 10x leverage on EVM and Solana networks.

Solana (SOL) has experienced a notable price increase, reaching approximately $159 to $160 as of July 10, 2025. Market observers suggest that Solana is entering a breakout phase with an initial target price of $180, followed by expectations of new all-time highs. Some analysts have projected an upside target exceeding $2,000, indicating strong bullish sentiment and recommending higher price targets for the cryptocurrency. The current market momentum reflects increased investor confidence in Solana's potential for substantial gains.

Solana, a blockchain platform, has been widely discussed and praised in recent days for its growing influence and potential within the cryptocurrency and technology sectors. Industry voices have described Solana as a global infrastructure and likened it to major tech and financial entities such as Apple, Silicon Valley, and NASDAQ. It is seen as a key player in the future of the internet, gaming, token offerings, and decentralized finance. The platform's ecosystem and community have been highlighted as among the best in crypto, with on-chain volume reportedly increasing rapidly. Enthusiasts and developers emphasize that many projects are being built on Solana, positioning it as a central hub for innovation and growth in the crypto space.

Solana has experienced substantial growth in the adoption of real-world assets (RWA) on its blockchain, with the number of RWA holders increasing by 631% over the past month. The total value of tokenized real-world assets on Solana reached a record $418 million. Concurrently, Solana futures trading volume has surpassed $4 billion on the CME Group, one of the world’s largest regulated derivatives exchanges, indicating strong institutional interest and accumulation of Solana's native token, $SOL.

The Solana Staking ETF, officially known as the REX-Osprey Solana Staking ETF, launched on June 28, 2025, marking the first staking-enabled ETF for Solana. Unlike a traditional spot ETF, this product differs in structure, revenue sources, and risk exposure. The ETF saw $33 million in trading volume on its first day and accumulated $74 million in assets under management within five days. Market analysts note the ETF's debut as a potential indicator of growing demand for Solana spot ETFs, with approval odds for a spot ETF reaching 99%.

Concurrently, Bitcoin has remained steady around the $108,000 to $110,000 range, with Ethereum trading near $2,577. Institutional interest in cryptocurrencies continues to rise, with notable developments including Robinhood's launch of tokenized stocks and Coinbase's acquisition of Liquifi token management. The Solana Staking ETF's successful launch and early volume highlight increasing institutional engagement in crypto ETFs amid a broader market environment characterized by steady prices and expanding product offerings.

Crypto wallet provider Phantom has introduced "Phantom Perps," a direct perpetual-futures trading feature powered by Hyperliquid. The service, initially available to users in the European Union, lets traders long or short more than 100 digital-asset markets with leverage of up to 40 times. Phantom, which says it serves roughly 10 million monthly active users, plans to extend the function to its broader mobile audience after the EU launch.

Read more

Solana’s newest memecoin launchpad, Bonk.fun, has overtaken incumbent Pump.fun across every major metric, seizing roughly 55% of daily issuance volume over the weekend and widening its lead early this week. Data compiled from Dune Analytics and Jupiter DEX show Bonk.fun handling 21,651 token launches in the 24 hours to 08:00 UTC on 8 July—more than double Pump.fun’s 9,960—and generating about US$1.23 million in fees, enough to eclipse the chain’s own fee revenue on the day.

Read more

Gunzilla Games said it will deploy its $GUN utility token on the Solana network on 10 July, widening access to the digital asset that powers the company’s "Off The Grid" cyber-punk battle-royale game. The token, currently available on the proprietary GUNZ Layer-1 and Avalanche’s C-chain, will be made transferable through LayerZero’s cross-chain bridge, allowing players to move balances between blockchains.

The studio, which counts more than 17 million wallets in its ecosystem, said Solana’s low fees and higher throughput should make in-game purchases and player-to-player trades faster and cheaper. “Launching $GUN on Solana reflects our long-term commitment to building a truly global, player-first ecosystem,” Chief Executive Officer Vlad Korolov said in a statement.

The multichain rollout precedes the planned Steam release of "Off The Grid" and forms part of Gunzilla’s strategy to bring its on-chain economy to a broader audience. The company will issue a limited-edition Solana-themed NFT pack to mark the expansion and signalled further network integrations in the coming months.

A newly introduced DeFi tab in the Backpack crypto wallet is surfacing forgotten token balances and unclaimed rewards for Solana users, according to multiple user reports posted early Friday. The feature allows holders to import existing private keys and automatically scans integrated protocols for outstanding staking or airdrop entitlements.

Examples shared publicly include a user uncovering roughly $12,000 in DeFi positions, another locating $1,635 in tokens tied to liquid-staking platform Jito and NFT infrastructure provider Metaplex, and a third identifying about $200 in BONK tokens set to unlock on July 30 alongside a $140 LAYER vesting due in five days. Some users claim discoveries running into the ‘hundreds of thousands’ of dollars, though those larger sums have not yet been independently verified.

The unexpected windfalls underscore how fragmented record-keeping across decentralized applications can leave assets idle or unnoticed. By aggregating positions and vesting schedules in a single dashboard, Backpack’s update could prompt a wave of balance checks among long-time Solana participants and intensify competition among wallet providers to surface hidden value for users.

Solana has achieved a new quarterly high in Bitcoin trading volume during the second quarter of 2025, marking a notable milestone for the blockchain platform. Industry sources including Cointelegraph and cryptodotnews confirmed this surge in Bitcoin trading activity on Solana. The platform is being recognized for its robust infrastructure, strong community culture, and growing global presence. Influential voices in the crypto space have compared Solana to Bitcoin in terms of its potential impact and future growth, emphasizing its role as a key player in decentralized finance (DeFi) and token launches. Within the Solana ecosystem, the launchpad Pumpfun is identified as a major contributor to the proliferation of new tokens, valued for its affordability and ease of use. This development underscores Solana's expanding influence in the cryptocurrency market and its positioning as a leading blockchain for Bitcoin-related DeFi activities.

Solana's decentralized applications (DApps) generated over $562 million in revenue during the second quarter of 2025, surpassing the combined revenue of DApps on Ethereum, Binance Smart Chain (BSC), Base, and other blockchain platforms. This marks the fifth consecutive quarter that Solana has outperformed all other chains in DApp revenue. Additionally, Solana has captured more than 95% of the total trading volume in the tokenized stock market, with over $20 million traded in just four days following the launch of more than 60 tokenized equities on June 30 via xStocksFi. The dominance of Solana in both DApp revenue and tokenized stock trading volume underscores its growing influence in the blockchain ecosystem.

Minna Bank, Japan's first digital-native bank, has partnered with Fireblocks, Solana, and TIS Inc to conduct a joint study on the issuance and use of stablecoins on the Solana blockchain. The initiative aims to explore the integration of stablecoins into everyday payment systems, real-world asset (RWA) trading, and Web3 wallets. This collaboration represents a step toward real-world adoption of cryptocurrency technologies in Japan's financial sector, focusing on leveraging blockchain solutions for digital payments and asset management.

The Solana Breakpoint Hackathon, the largest global crypto startup competition with over 10,000 participants and 1,412 submissions from more than 140 countries, recently concluded with winners announced by Colosseum. TapeDrive was named the Grand Champion for its innovative on-chain storage solution on the Solana blockchain and has been accepted into Colosseum's third accelerator cohort, which also includes startups such as Met Engine, Slant AI, UseDecal, CFL, Trepa, Tempo Trade, LocalPay Asia, Cargobill AI, and TypeX Keyboard. The hackathon featured multiple tracks, with MagicBlock powering three of the five gaming track winners. Additionally, Solana-based decentralized physical infrastructure network (DePIN) projects reported strong financial performance, earning a combined $716,000 in revenue in June 2025. Notable DePIN projects include Helium, Render Network, Hivemapper, UpRock, NATIX Network, and Xnet Mobile. Xnet Mobile has facilitated the offloading of 192,751 GB of cellular traffic by enabling users to connect automatically to community-operated Passpoint WiFi hotspots, accessed by over 20 million users, thereby reducing mobile network load and providing user rewards.

Colosseum has announced the winners of the Solana Breakout Hackathon, recognized as the largest crypto startup competition globally. The event attracted over 10,000 participants and received 1,412 product submissions from aspiring founders across more than 140 countries. The Grand Champion of the hackathon was Tapedrive.io. Several winners emerged across different tracks, including the gaming track where Magicblock powered three of the five winning projects. Following the competition, Colosseum revealed its third accelerator cohort, which includes several winners from the hackathon such as Tapedrive.io, Met Engine, Slant AI, Decal, CFL, Trepa, Tempo Trade, LocalPay Asia, Cargobill, and TypeX Keyboard. The competition and subsequent accelerator program highlight Solana's growing prominence in the crypto startup ecosystem, with more hackathons taking place on Solana than Layer 2 solutions on other blockchains.

The PENGU token associated with the Pudgy Penguins NFT brand surged past a US$2 billion market capitalization on 15 July, capping a rally in which traders exchanged the project’s entire circulating supply within 24 hours, according to market-tracking accounts. The floor price of the original Pudgy Penguins non-fungible tokens simultaneously climbed to about 14 ether (roughly US$46,000), underscoring renewed speculative demand for the penguin-themed collectibles.

Momentum was fueled by a string of forthcoming initiatives. Developers said derivatives tied to PENGU will list on the Hyperliquid exchange, while a separate effort will migrate the asset to the Solana blockchain. Solana-based staking platform Marinade Finance signaled plans for a “stake SOL, receive PENGU” program, switching its social-media profile picture to a Pudgy Penguin as a teaser.

Chief executive Luca Netz added that the project is “scaling hard” in the United Arab Emirates, positioning the token for a broader international rollout. Traders on prediction markets are now betting PENGU could enter the top-40 digital-asset rankings by 20 July, implying another double-digit percentage move in the near term.

Gunzilla, the developer behind the AAA cyberpunk battle royale game "Off The Grid," has announced the expansion of its $GUN token to the Solana blockchain, effective July 10, 2025. Originally launched on Avalanche, the $GUN token will now be accessible on Solana, allowing users to bridge tokens from Gunzilla's Layer 1 blockchain or Avalanche to Solana. This move aims to increase accessibility for players of "Off The Grid." Additionally, the game is set to launch on Steam on July 17, 2025, marking the first crypto-integrated game on the platform since its 2021 ban on NFT titles. The Steam release will feature optional Web3 functionalities for players. Meanwhile, the broader crypto gaming industry faces criticism over tokenomics and sustainability, with calls for more transparent and aligned incentives such as token buybacks and revenue sharing.

The U.S. Securities and Exchange Commission has asked issuers seeking to launch spot exchange-traded funds tracking Solana to submit amended S-1 registration statements by the end of July, according to people familiar with the correspondence. The accelerated timetable compresses a review process that could have run until 10 October, signalling that the agency may be preparing to rule on the products months ahead of the statutory deadline.

Read more

CME Group’s expansion into alt-coin derivatives is drawing significant trading activity, with cumulative volume in Solana futures contracts crossing the $4 billion mark this week. The milestone underscores growing institutional appetite for exposure to tokens beyond Bitcoin and Ether on a regulated venue.

Interest extends to other tokens: XRP and Micro XRP futures generated $235 million in daily turnover on 11 July, lifting combined trading since their debut to more than $1.6 billion. Elevated volume has accompanied a wider rally in spot markets, where XRP has advanced roughly 26 % over the past seven days, edging toward the $3 level.

Read more

Pump.fun’s much-anticipated PUMP token went live on 14 July after a public sale that raised roughly $600 million. The initial coin offering sold 150 billion tokens at $0.004 each and was dominated by on-chain demand: data from the sale show 74.75% of the volume, or about $448 million, settled directly on Solana as more than 10,000 wallets scrambled for an allocation.

Trading began briskly. Within the first hour, on-chain turnover topped $240 million and the token’s fully diluted market value hovered near $6 billion. Derivatives traders quickly joined in; open interest in PUMP futures jumped 275% over the weekend to about $690 million, making it the 13th most-active contract among digital assets.

Read more

Solana's memecoin launchpad market has experienced a notable shift as LetsBonk (@bonk_fun) overtook PumpFun (@pumpdotfun) in market share, daily token launches, revenue, and trading volume. Starting from early July 2025, LetsBonk surged from approximately 25% to over 78% market share, while PumpFun's share declined from above 60% to around 21%. LetsBonk became the first Solana memecoin launchpad to surpass PumpFun in 24-hour token launches and revenue, achieving daily revenues exceeding $1 million compared to PumpFun's $579,000. The competition intensified with both platforms combining for over $1.2 billion in daily trading volume by mid-July.

Meanwhile, PumpFun prepared for and launched its native $PUMP token through a highly successful Initial Coin Offering (ICO) from July 12 to 15, 2025, across multiple exchanges including Bybit, Kraken, Bitget, MEXC, KuCoin, and Gate. The ICO offered 150 billion tokens (15% of the total 1 trillion supply) at $0.004 per token, raising approximately $600 million within 12 minutes and over $1.3 billion including private sales, reaching a fully diluted valuation (FDV) of around $5.3 billion at launch. Following the ICO, $PUMP began trading on Solana decentralized exchanges, recording over $240 million in on-chain volume within the first hour. In response to the competitive pressure and to support token value, PumpFun initiated substantial buyback programs funded by fee revenues, spending over $30 million worth of Solana tokens (SOL) to repurchase $PUMP tokens. These buybacks have been executed transparently and aggressively, with PumpFun continuing to add funds to the buyback wallet and purchasing billions of tokens. Despite the buybacks and ICO success, LetsBonk has maintained dominance in weekly revenue and token launches, signaling a dynamic and competitive environment in Solana's memecoin ecosystem.

Bybit has officially listed the cryptocurrency $HYPE on its spot trading platform in partnership with Hyperliquid, marking a strategic expansion to reach a broader audience and enhance liquidity. Following the listing, $HYPE experienced an 8% increase in value over 24 hours and a 10% gain over the past week, with a peak price reaching $45.96. Market sentiment appears optimistic, supported by Bitcoin breaking its all-time high and an overall rise in risk appetite. The listing on Bybit is seen as a competitive move that may pressure other major exchanges like Coinbase and Binance to list $HYPE soon. Hyperliquid positions itself as a decentralized and inclusive exchange, emphasizing equal access for all traders. Additionally, new futures listings including $HYPER from Hyperlane, $FUN, $STO, and $LOKA have gone live with up to 10x leverage on EVM and Solana networks.

Solana (SOL) has experienced a notable price increase, reaching approximately $159 to $160 as of July 10, 2025. Market observers suggest that Solana is entering a breakout phase with an initial target price of $180, followed by expectations of new all-time highs. Some analysts have projected an upside target exceeding $2,000, indicating strong bullish sentiment and recommending higher price targets for the cryptocurrency. The current market momentum reflects increased investor confidence in Solana's potential for substantial gains.

Solana, a blockchain platform, has been widely discussed and praised in recent days for its growing influence and potential within the cryptocurrency and technology sectors. Industry voices have described Solana as a global infrastructure and likened it to major tech and financial entities such as Apple, Silicon Valley, and NASDAQ. It is seen as a key player in the future of the internet, gaming, token offerings, and decentralized finance. The platform's ecosystem and community have been highlighted as among the best in crypto, with on-chain volume reportedly increasing rapidly. Enthusiasts and developers emphasize that many projects are being built on Solana, positioning it as a central hub for innovation and growth in the crypto space.

Solana has experienced substantial growth in the adoption of real-world assets (RWA) on its blockchain, with the number of RWA holders increasing by 631% over the past month. The total value of tokenized real-world assets on Solana reached a record $418 million. Concurrently, Solana futures trading volume has surpassed $4 billion on the CME Group, one of the world’s largest regulated derivatives exchanges, indicating strong institutional interest and accumulation of Solana's native token, $SOL.

The Solana Staking ETF, officially known as the REX-Osprey Solana Staking ETF, launched on June 28, 2025, marking the first staking-enabled ETF for Solana. Unlike a traditional spot ETF, this product differs in structure, revenue sources, and risk exposure. The ETF saw $33 million in trading volume on its first day and accumulated $74 million in assets under management within five days. Market analysts note the ETF's debut as a potential indicator of growing demand for Solana spot ETFs, with approval odds for a spot ETF reaching 99%.

Concurrently, Bitcoin has remained steady around the $108,000 to $110,000 range, with Ethereum trading near $2,577. Institutional interest in cryptocurrencies continues to rise, with notable developments including Robinhood's launch of tokenized stocks and Coinbase's acquisition of Liquifi token management. The Solana Staking ETF's successful launch and early volume highlight increasing institutional engagement in crypto ETFs amid a broader market environment characterized by steady prices and expanding product offerings.

Crypto wallet provider Phantom has introduced "Phantom Perps," a direct perpetual-futures trading feature powered by Hyperliquid. The service, initially available to users in the European Union, lets traders long or short more than 100 digital-asset markets with leverage of up to 40 times. Phantom, which says it serves roughly 10 million monthly active users, plans to extend the function to its broader mobile audience after the EU launch.

Read more

Solana’s newest memecoin launchpad, Bonk.fun, has overtaken incumbent Pump.fun across every major metric, seizing roughly 55% of daily issuance volume over the weekend and widening its lead early this week. Data compiled from Dune Analytics and Jupiter DEX show Bonk.fun handling 21,651 token launches in the 24 hours to 08:00 UTC on 8 July—more than double Pump.fun’s 9,960—and generating about US$1.23 million in fees, enough to eclipse the chain’s own fee revenue on the day.

Read more

Gunzilla Games said it will deploy its $GUN utility token on the Solana network on 10 July, widening access to the digital asset that powers the company’s "Off The Grid" cyber-punk battle-royale game. The token, currently available on the proprietary GUNZ Layer-1 and Avalanche’s C-chain, will be made transferable through LayerZero’s cross-chain bridge, allowing players to move balances between blockchains.

The studio, which counts more than 17 million wallets in its ecosystem, said Solana’s low fees and higher throughput should make in-game purchases and player-to-player trades faster and cheaper. “Launching $GUN on Solana reflects our long-term commitment to building a truly global, player-first ecosystem,” Chief Executive Officer Vlad Korolov said in a statement.

The multichain rollout precedes the planned Steam release of "Off The Grid" and forms part of Gunzilla’s strategy to bring its on-chain economy to a broader audience. The company will issue a limited-edition Solana-themed NFT pack to mark the expansion and signalled further network integrations in the coming months.

A newly introduced DeFi tab in the Backpack crypto wallet is surfacing forgotten token balances and unclaimed rewards for Solana users, according to multiple user reports posted early Friday. The feature allows holders to import existing private keys and automatically scans integrated protocols for outstanding staking or airdrop entitlements.

Examples shared publicly include a user uncovering roughly $12,000 in DeFi positions, another locating $1,635 in tokens tied to liquid-staking platform Jito and NFT infrastructure provider Metaplex, and a third identifying about $200 in BONK tokens set to unlock on July 30 alongside a $140 LAYER vesting due in five days. Some users claim discoveries running into the ‘hundreds of thousands’ of dollars, though those larger sums have not yet been independently verified.

The unexpected windfalls underscore how fragmented record-keeping across decentralized applications can leave assets idle or unnoticed. By aggregating positions and vesting schedules in a single dashboard, Backpack’s update could prompt a wave of balance checks among long-time Solana participants and intensify competition among wallet providers to surface hidden value for users.

Solana has achieved a new quarterly high in Bitcoin trading volume during the second quarter of 2025, marking a notable milestone for the blockchain platform. Industry sources including Cointelegraph and cryptodotnews confirmed this surge in Bitcoin trading activity on Solana. The platform is being recognized for its robust infrastructure, strong community culture, and growing global presence. Influential voices in the crypto space have compared Solana to Bitcoin in terms of its potential impact and future growth, emphasizing its role as a key player in decentralized finance (DeFi) and token launches. Within the Solana ecosystem, the launchpad Pumpfun is identified as a major contributor to the proliferation of new tokens, valued for its affordability and ease of use. This development underscores Solana's expanding influence in the cryptocurrency market and its positioning as a leading blockchain for Bitcoin-related DeFi activities.

Solana's decentralized applications (DApps) generated over $562 million in revenue during the second quarter of 2025, surpassing the combined revenue of DApps on Ethereum, Binance Smart Chain (BSC), Base, and other blockchain platforms. This marks the fifth consecutive quarter that Solana has outperformed all other chains in DApp revenue. Additionally, Solana has captured more than 95% of the total trading volume in the tokenized stock market, with over $20 million traded in just four days following the launch of more than 60 tokenized equities on June 30 via xStocksFi. The dominance of Solana in both DApp revenue and tokenized stock trading volume underscores its growing influence in the blockchain ecosystem.

Minna Bank, Japan's first digital-native bank, has partnered with Fireblocks, Solana, and TIS Inc to conduct a joint study on the issuance and use of stablecoins on the Solana blockchain. The initiative aims to explore the integration of stablecoins into everyday payment systems, real-world asset (RWA) trading, and Web3 wallets. This collaboration represents a step toward real-world adoption of cryptocurrency technologies in Japan's financial sector, focusing on leveraging blockchain solutions for digital payments and asset management.

The Solana Breakpoint Hackathon, the largest global crypto startup competition with over 10,000 participants and 1,412 submissions from more than 140 countries, recently concluded with winners announced by Colosseum. TapeDrive was named the Grand Champion for its innovative on-chain storage solution on the Solana blockchain and has been accepted into Colosseum's third accelerator cohort, which also includes startups such as Met Engine, Slant AI, UseDecal, CFL, Trepa, Tempo Trade, LocalPay Asia, Cargobill AI, and TypeX Keyboard. The hackathon featured multiple tracks, with MagicBlock powering three of the five gaming track winners. Additionally, Solana-based decentralized physical infrastructure network (DePIN) projects reported strong financial performance, earning a combined $716,000 in revenue in June 2025. Notable DePIN projects include Helium, Render Network, Hivemapper, UpRock, NATIX Network, and Xnet Mobile. Xnet Mobile has facilitated the offloading of 192,751 GB of cellular traffic by enabling users to connect automatically to community-operated Passpoint WiFi hotspots, accessed by over 20 million users, thereby reducing mobile network load and providing user rewards.

Colosseum has announced the winners of the Solana Breakout Hackathon, recognized as the largest crypto startup competition globally. The event attracted over 10,000 participants and received 1,412 product submissions from aspiring founders across more than 140 countries. The Grand Champion of the hackathon was Tapedrive.io. Several winners emerged across different tracks, including the gaming track where Magicblock powered three of the five winning projects. Following the competition, Colosseum revealed its third accelerator cohort, which includes several winners from the hackathon such as Tapedrive.io, Met Engine, Slant AI, Decal, CFL, Trepa, Tempo Trade, LocalPay Asia, Cargobill, and TypeX Keyboard. The competition and subsequent accelerator program highlight Solana's growing prominence in the crypto startup ecosystem, with more hackathons taking place on Solana than Layer 2 solutions on other blockchains.