solana

The blockchain transaction dissemination infrastructure bloXroute announced that its Solana DEX aggregator blox has entered public testing. This product addresses changes in pool balances between quotes and execution, providing faster quote responses, and reassessing paths based on real-time liquidity during execution to optimize trade execution.In early mainnet testing, blox completed a total of 200,000 exchanges, with a trading volume of 25 million USD and 10,000 independent traders. A 7-day benchmark test showed that the median response time for its exchange interface was 9 milliseconds, with an average slippage of -0.2 basis points for SOL and USDC mainnet exchanges. During this period, all successful exchanges enabled dynamic routing, with 29% of paths completing active pool replacements, achieving a median gain of 97 basis points.The public testing interface is currently open for use, while the production interface requires a whitelist application to the bloXroute customer team.

Solana officially stated that Akash's token AKT has been launched on Solana through Sunrise. The Akash community previously passed a governance proposal to migrate to Solana.

According to PR Newswire, the Depository Trust & Clearing Corporation (DTCC) announced plans to integrate its Tokenization Service (DTCC Tokenization Service, DTS) with Solana's Layer 1 network, allowing eligible assets held by DTC to be converted into token form and to gain corresponding token lifecycle functionalities. This integration is expected to go live in the second half of 2027.DTS was officially launched on October 28, and this integration with Solana is an extension of its "multi-chain strategy." DTCC stated that after the integration, DTC tokenized assets will retain the same investor protections, ownership rights, and regulatory safeguards as traditional held securities, while enhancing liquidity, collateral liquidity, and capital efficiency.DTCC President and CEO Frank La Salla stated that this brings regulated DTC tokenized securities to another mainstream blockchain ecosystem; Brian Steele, President of Clearing and Securities Services, emphasized that the service is a "secure, interoperable, and market-neutral" infrastructure; Nadine Chakar, Global Head of Digital Assets at DTCC, mentioned that interoperability is key to the scalability of digital markets; Nick Ducoff, General Manager of Institutional Business at the Solana Foundation, stated that after the integration, tokenized securities can be settled and circulated like other on-chain assets.

DeFi Development Corp preferred stock CHAD raised enough funds to purchase over 1170 Solana, setting a new daily record.

According to The Block, Nasdaq-listed Solana Company (stock ticker: HSDT) reported third-quarter revenue of 3.4 million USD, an increase from 700,000 USD in the same period last year. The quarterly revenue was primarily driven by its staking income from the SOL it holds.As of September 30, the company held approximately 2.4 million SOL, with a fair value of about 288.2 million USD.

The independent Solana validator alliance Layer33 responded to the adjustments of the Solana Foundation Delegation Program (SFDP) rules. The alliance is composed of independent validators, aiming to push for independent operators to collectively hold at least 33% of the network's stake. Layer33 stated that it acknowledges the foundation's remarks that the network scale has exceeded the initial launch plan, the validator pool has matured, and it faces challenges that were not envisioned in the early stages, believing that the delegation mechanism should evolve accordingly. The organization indicated that the new rules replace long-term contributors with short-term participants for a duration of 12 months.Layer33 mentioned that the foundation, in subsequent statements, indicated that participants from the Alpenglow community cluster provided crucial assistance and should receive direct rewards; part of the related adjustments is to make such rewards possible. The organization stated that the SFDP currently holds over 10 million SOL in remaining delegation, and providing substantial rewards to cluster participants does not require dismantling the existing plan; the foundation expressed that the intended recipients of the rewards are precisely the group prioritized for exit. Layer33 also noted that validators remaining in the program will see their SFDP delegation decrease from approximately 85,000 SOL to 55,000 SOL, reducing by about 30,000 to 35,000 SOL; some operators have already shut down nodes and canceled their Breakpoint schedules.Layer33 stated that it does not demand the foundation to change direction but rather to advance in the correct order and update the requests made in the previous open letter: to suspend weekly exit batches until communication regarding not abandoning contributors improves; to supplement details on rewards for Alpenglow community cluster participants; to disclose the analysis behind the 300,000 SOL external staking graduation line, the cap of 100 validators, the 12-month term, and the 55,000 SOL delegation scale; to publish an impact assessment on the current validator pool, including how about 75% of members are identified as non-contributors; to conduct formal consultations with existing SFDP members with processes and timelines; to disclose contribution-based delegation standards and application processes, running parallel with discretionary delegation; and to explain why the program places more emphasis on new validators rather than contributors who have operated and improved the Solana network for many years.

The Solana block space market Gravity Block Exchange (GBX) has announced its launch on the Solana mainnet. GBX positions itself as an open and neutral block space market, where block builders compete for the ordering of each block through auctions, rather than having a single scheduler complete the ordering. Its goal is to create a unified ordering market that increases the value of validator block space through competition among builders, while providing users with a clear set of rules.The mainnet operation status announced by GBX includes: approximately 5% of the total staked validators have been connected, with rewards 20% to 30% higher than the cluster average. Currently, there are two independent block builders participating in each round of auctions, namely Bifrost from Astralane and Titan Builder from Gattaca. Public documents show that validators can connect through the Gravity Connector sidecar without the need for a custom validator fork, currently supporting Agave and Jito-Solana, while support for Firedancer is still in development; when external ordering paths are unavailable, validators can fall back to the native scheduler.

According to Onchain Lens monitoring, trader Solanadoomer opened a new short position of 500 BTC on Hyperliquid, valued at approximately 36.97 million USD, using 40x leverage.The entry price for this position was 73907.60 USD, and the liquidation price was 85451.20 USD. The accompanying image shows that the account has accumulated profits of approximately 21.32 million USD.

Trader Ansem posted on platform X, stating that the on-chain market has bottomed out.Ansem mentioned that market sentiment is low, but he is optimistic about the community spread potential of a Solana-based meme coin, believing that avatar culture will aid in community expansion, and social trading applications may also promote increased attention. He referred to this token as his pure meme coin choice for this cycle.

The Solana Foundation is hiring a Vice President of International Communications. This is a full-time position within the marketing team, supporting remote work in the United States, with other locations including San Francisco and New York. The hire will be responsible for Solana's global narrative and network reputation management, developing and maintaining the global narrative, establishing and personally maintaining relationships with media in the U.S. business, finance, technology, and cryptocurrency sectors, while providing executive positioning and communication consulting to the foundation's management.This position will also be responsible for reputation and issue management related to network incidents, client vulnerabilities, application layer attacks, and validator disputes, establishing severity classifications, identifying decision-makers, rehearsing processes, and preparing response language in advance; providing communication support for project launches, founder media training, etc., to the ecosystem team, and collaborating with policy and legal teams to handle regulatory and legislative matters. The ideal candidate should have approximately 10 to 15 years of communication experience, possess direct contacts with business, finance, and technology media reporters, and be able to use AI tools in monitoring, research, drafting, information testing, and adversarial review tasks.

Formation Securities plans to launch a Solana stock tokenization trading platform in early 2027.

On-chain data research account Sparsity released a study on November 10, stating that in the past 30 days, pump.fun accounted for 92% of the total launch volume of all Meme launch platforms and 84% of the trading volume of launch platforms. The study noted that 95% of pump.fun's protocol revenue comes from trades when tokens are still on the joint curve or have a market cap of less than $250,000. A fee of 1.25% is charged on each transaction on the joint curve, with 0.95% going to pump.fun and 0.30% to the creators, resulting in a round-trip cost of 2.5% before price changes.The study indicated that approximately three-quarters of the aforementioned revenue comes from tokens that have been listed for less than 1 hour, and 87% comes from tokens that have been listed for less than 1 day. A total of 15 top tokens with a peak market cap of $1.4 billion paid about $1.5 million to pump.fun, while tokens on the joint curve or with a market cap of less than $250,000 paid $506 million. The research also stated that the top 25 deployers collectively launched 761,000 tokens, with a graduation rate of less than 1%, and received $128 million; the wallet that launched the most issued 171,195 tokens, averaging about $200 per token.The study reported that since August, call rewards have paid $29.6 million to 51,115 wallets, with 10 wallets receiving 16%, and the median being $13. In the fourth quarter of 2024, out of 3.16 million launches, 207 reached a market cap of $10 million, while in the third quarter of 2026, out of 3.05 million launches, 24 reached that level. The study stated that out of a total of 24.4 million launches on pump.fun, currently, 312 have a market cap above $100,000, which is about 1 in every 78,000. The article was written by Kioto.

According to The Block, Jupiter Exchange's Chief Operating Officer Kash Dhanda stated in an interview, "Solana is the universal chain."He believes that the future of finance will not be built on specialized systems, but rather on a universal chain that can aggregate liquidity, and currently, only Solana provides this.

Cryptocurrency analyst Tom Wan posted on the X platform that the market share of Ethereum stablecoins has dropped to 46%, a historic low. Over the past year, the supply of stablecoins on the Ethereum chain has decreased by $32.5 billion, while the total supply of stablecoins in the entire market has only decreased by about $10 billion.During the same period, the supply of Tron stablecoins increased by $16.2 billion, raising its market share to 32%; Hyperliquid and Solana increased by $1.6 billion each. Additionally, the newly launched blockchains this year, including Arc, X Layer, Robinhood Chain, Tempo, and Monad, collectively added about $5.2 billion in stablecoin supply.

Agave v4.5 is tentatively scheduled for widespread adoption on the mainnet on December 7, and the mainnet functionality activation is planned to begin on December 14.

Forward Industries (FWDI), a Nasdaq-listed company, disclosed that since the end of September, it has acquired approximately 226,000 SOL through purchases and staking rewards, increasing its holdings to about 8.7 million SOL, valued at approximately $726.5 million, which accounts for about 1.5% of the circulating supply of Solana. The company is currently the largest publicly traded holder of Solana, far exceeding the second-ranked DeFi Development Corp., which holds just over 2.6 million SOL.This disclosure comes as both SOL and Forward's stock prices have declined. SOL fell to $82 on Tuesday, marking its lowest level in nearly three months, before rebounding to around $83.5; Forward's stock also dipped to a near three-month low of $5.25, with a cumulative decline of over 28% this year.Forward also announced that it has secured a two-year, $50 million credit line from an unnamed national bank in the U.S., with the loan collateralized by SOL, and the related SOL will remain staked to allow the company to continue earning staking rewards. The company has also committed to investing up to $50 million in USHP, a product that tracks U.S. housing prices, which is also issued in collaboration with Galaxy-Sharplink Onchain Yield Fund. Forward plans to use the investment returns to purchase more SOL.

The Solana Foundation developer relations personnel stated that Direct Mapping is about to go live on the mainnet and recommended developers enable the relevant features for program testing.

According to Decrypt, Jupiter, the largest trading platform on Solana, launched four new products this week, expanding from token trading to a one-stop on-chain asset platform, and announced a new mission to make global assets universally accessible and usable.Jupiter aggregates liquidity across the entire Solana network to provide optimal prices for each transaction, with a cumulative aggregated trading volume exceeding $1.3 trillion; according to data from DeFiLlama in early November, its total locked value in the ecosystem is approximately $1.7 billion, and the active loan size in the lending market has surpassed $1 billion. Chief Operating Officer Kash Dhanda stated that aggregation applies not only to trading but to all aspects.Among the four products, Baskets allows users to deposit a single SOL or USDC to purchase a basket of tokens without the need to exchange them one by one, which can be allocated and automatically rebalanced based on market capitalization weight or fixed targets. Jupiter Vaults serve as a yield strategy center, covering stablecoin lending and strategies supported by real-world assets, managed by independent curators rather than Jupiter itself. Users can view the risk status, fund allocation, and historical returns of each strategy before depositing. Vaults went live on November 11 as a private beta for over 19,000 waitlisted users and eligible stakers of JUP.The launched Portfolio V3 upgrades the portfolio page to an actionable interface, providing quick access to trading, opening perpetual contracts, forecasting, and lending, and sends alerts when positions approach liquidation, while also adding cross-chain transfer functionality that integrates multiple cross-chain bridges. Pulse and the revamped token page provide market data for tokenized stocks and ETFs, token economic models for DeFi projects, and a token comparison sidebar.The aforementioned products will be gradually launched before the Solana Breakpoint conference opens on November 15. Jupiter stated that all Vaults strategies carry risks, and some strategies may not be available in regions including the United States.

According to Whale Alert monitoring, at 22:42 Beijing time, USDC Treasury minted 250 million USDC on the Solana chain, worth approximately 250 million US dollars.

According to official news from Solana, the Solana infrastructure company Helius today launched the permissionless privacy protocol Solana Privacy Rings on the Solana mainnet. Developers can add privacy features to new and existing Solana applications through the API, laying the foundation for private payments, privacy DeFi, and enterprise compliance privacy.Privacy Rings are programmable shielded pools, with assets and amounts encrypted and stored on-chain, while wallet addresses remain visible. Users can decrypt balances by viewing the viewing key, supporting SOL, SPL tokens, and Token-2022 tokens, with ZK proof verification taking only a few hundred milliseconds. Its core program and ZK circuits have been audited by Certora, OtterSec, and ZK Security. The institution-oriented permissioned Custom Rings are currently under audit and are expected to go live on the mainnet in the coming weeks, supporting compliance features such as KYC whitelisting, sanctions screening, and fund freezing and recovery.Currently, Decrypt, Ore, and others have integrated, while teams such as Backpack, DFlow, Jupiter, and Squads are in the process of integration, with Chainalysis, Elliptic, and others providing compliance support for wallet screening.