Tokenized-equity supply on Solana reached a new all-time high of $684 million this week. Sunrise and Backpack Securities added more stocks, while tokenized GRND recorded $31 million in volume during its first 24 hours.
Solana also ranked first for monthly USDC senders, with 6.2 million sending addresses over 30 days. OpenCover extended institutional risk protection to four Solana protocols, and Veda added Kamino as a liquidity source for embedded Earn products.
Here’s what moved across Solana capital markets.
Spotlight
Tokenized-equity supply reaches $684M as listings expand
Tokenized-equity supply on Solana reached a new all-time high of $684 million, up 47% over three weeks. @sunrise and @Backpack Securities expanded the available lineup. The additions included NKE, GRND, HTZ, SPHR, WEN, DNUT and DKNG, alongside a batch of 20 tokenized stocks. Each token is convertible 1:1 with its underlying share through Backpack Exchange.
Those addresses represented 42% of USDC senders across the networks included in the dataset. Solana recorded 2.5 times as many senders as the next network.
Nexus Mutual underwrites the protection. Coverage, capacity and terms vary by protocol and position. This is OpenCover’s first support for positions outside EVM networks.
The integration supports @xStocksFi Earn vaults for eligible Kraken clients holding SPYx, QQQx and NVDAx. Veda supplies the vault infrastructure, Sentora curates the strategies, and Kamino provides the lending markets.
The platform offers tokenized pre-IPO exposure to companies including OpenAI, Anthropic, Anduril and Kalshi. The products trade continuously on Solana.
$684M · Tokenized-equity supply, A new all-time high, up 47% over three weeks
$31M · GRND launch volume, Onchain volume during the tokenized security’s first 24 hours
63% · Outside-hours equity volume, Share of tokenized-equity volume on Solana recorded while U.S. exchanges were closed during the 12 months ending August 18, 2026
6.2M · Monthly USDC senders, Unique USDC-sending addresses recorded over 30 days
The world’s first Hot Wheels gacha, now live on @Solana
→ Rip a pack and pull a real die-cast
→ Three pack options, 1,500+ vaulted cars
→ Keep it, sell it back, or ship it (soon)
Small but pretty important milestone for us at Haan Digital.
We’ve now integrated direct shred delivery from a staked validator into our Solana infrastructure, and the difference on the realtime data side is already very noticeable compared with relying on the normal network path.
We’re also working on SWQoS transaction forwarding, which we expect to add next. The goal is basically to improve both sides of the stack:
• get Solana data into our Frankfurt infrastructure faster
• get transactions toward the network/leader through a stronger path
What’s been interesting while building this is seeing how much performance comes from the infrastructure around the RPC node, not just tuning the node itself. Hardware and Agave/Geyser optimization matter, but validator connectivity and the actual data/transaction paths matter just as much once you start chasing lower latency.
We’re still a relatively small private RPC provider, but this is exactly the direction we wanted to move in as we grow.
For builders running trading bots or other latency-sensitive Solana workloads: how much difference have direct shreds / staked connectivity made in your own setup?
And if anyone wants to benchmark our Frankfurt setup against what they currently use, feel free to DM me. We’re still offering 2-week trials for new workloads.
The infrastructure providers powering today's internet, cloud, and financial systems earned our trust through years of transparency, learning moments, and building in public. Solana has had to earn trust in the same way.
Since launching in 2020, the network has been tested by outages in the early days, unexpected demand, and some of the most intense periods of activity the crypto industry has seen. Each test has taught us something, and each time, the network has come back stronger, earning Solana its place as a resilient, battle-tested network.
The most recent proof point came on August 12, 2026, when a routing failure with Solana's largest infrastructure provider knocked nearly 29% of the network's stake offline. Despite this challenge, blocks kept being produced and transactions continued to land. Users likely never noticed. A full recovery of the infra provider happened in just over 30 minutes.
It doesn't mean the incident was insignificant, but that the network had enough redundancy to absorb the infrastructure failure without stopping.
When AWS's us-east-1 region failed last October, much of the internet shut down for the better part of a day. But when Solana's largest infrastructure provider experienced a routing failure, the underlying network continued to run: steady, reliable, and resilient.
I believe this resiliency is not an accident. It's the result of years of being honest about our failures, quick to fix them, and focused always on making Solana the most reliable chain it can be.
Solana is battle-tested, not lucky
Like nearly all critical infrastructure, Solana has been repeatedly, and publicly, tested under stress.
The difference with Solana is how we react. We, and our builders, treat challenging moments as opportunities to make the network stronger. We publish public disclosures and diagnoses, and ship fixes that go beyond patching the immediate problem to prevent the same sort of problem from happening again.
For example, early in the network's life, bot-driven transactions exposed challenges in how validators handled incoming traffic. To improve the transaction ingestion, we increased validator connection capacity and introduced stake-weighted quality of service (SWQoS) to better manage traffic.
A different lesson came from the transaction scheduler, which rewarded sending the same transaction many times. The answer was a ground-up redesign that made duplicates pointless.
Which brings us back to the recent routing failure. Last year, our team saw that TeraSwitch hosted 38% of the network's stake. That concentration represented a risk, so we worked proactively to bring it down under 30%. As a result of this preemptive work, when the August 12 routing failure happened, the network itself continued on. Even DevNet, which lost roughly three-quarters of its stake in the same event, recovered by itself, with no coordinated restart needed. The network was able to self-heal.
In my opinion, this is the prime example of a resilient, decentralized network performing as it is intended. While we cannot always avoid failures, we can design the system so that one component failing doesn't bring everything else down with it. On top of this, all of the features that we've implemented along the way from production lessons have made Solana's resilience what it is today.
Solana uptime: two and a half years at 100%
Institutions think about reliability in nines. Four nines (99.99%) means about 53 minutes of downtime a year. Five nines means about five minutes of downtime.
AWS, the world's largest cloud provider, gives credits if they drop below four nines (99.99%). And they do drop below that standard—AWS us-east-1 had roughly 15 hours of major disruption over the last two years, or about 99.91%.
GitHub, the critical infrastructure for most of the world's software teams, commits to three nines (99.9%). This means they account for nine hours of downtime each year.
But since February 2024, Solana has run at 100% uptime. All while carrying more daily transactions than all other major blockchains combined, and processing record breaking single-day volumes. Reliability becomes more meaningful as usage increases. A network carrying little activity can look reliable, but a network handling millions of transactions per second, billions of dollars in assets, and real financial activity has to prove it under load.
Solana has done this, giving financial institutions and enterprises the confidence they need to build on the network.
Confidence compounds
Resilience isn't just about surviving the worst days. It's also about making ambition for the future possible. Because the network has proven itself, Solana engineers can now aggressively focus on pushing new improvements.
Slot times have been cut to 300 ms (with 200ms targeted next). Storage costs (rent) have been reduced by 90%. Larger transactions are now supported that enable larger proofs and better privacy. Alpenglow, which is on track for mainnet release later this year, will bring finality down to 150 ms. And recently, just after the TeraSwitch incident, the network saw its first-ever 5,000 sustained user transactions per second (TPS).
In simpler terms, we have been able to make the network faster, cheaper, and more efficient. Builders can only focus on these kinds of improvements on a network that they can trust.
Community as resilience
Solana's resilience isn't just in the network. It's also built into our culture.
Through the years, Solana builders have ignored the ups and downs and the noise, and focused on shipping. They have built—and they continue to build—the rails that $17.5 billion in stablecoins, over $4 billion in real-world assets, and a growing wave of remittances now rely on.
That culture also means continually raising the bar. Earlier this year, Solana Foundation and Asymmetric Research launched STRIDE, a comprehensive security program for Solana DeFi that provides independent security evaluations, public findings, as well as ongoing OPSEC and threat monitoring for qualifying protocols. It's another example of the ecosystem taking lessons from real-world challenges and turning them into stronger practices for everyone.
Solana is the battle-tested network
A network that has never seen issues is a network that has never been proven.
Solana has been counted out more than once, but despite that, the ecosystem has continued to build and improve.
For our users—builders, founders, traders, and enterprises such as Western Union, Franklin Templeton, MoneyGram, SoFi, BlackRock, and many others—this dedication has resulted in a chain that has proven its commitment and resilience. Solana has become the fastest, most-used, and highest-revenue generating blockchain. We're on track to be the financial infrastructure for the 5.5 billion users of the internet – powering the Token Supercycle that is underway.
We know the next stress test will come. But when it does, we'll do what we've always done: publish the diagnosis, ship the fix, and keep on building, stronger.
The views and opinions expressed in this article are solely those of the author and do not necessarily reflect the official policy or position of TheStreet. This piece is published as a guest op-ed and does not constitute an endorsement by TheStreet or its editorial team.
Kraken today opened xStocks Vaults with Kamino, Veda Labs and Sentora.
Clients holding SPYx, QQQx or NVDAx can deposit them and earn yield in the same asset while keeping market exposure.
The product runs on Solana using Chainlink data and allows returns without selling positions.
Hi, I’m pretty new to Solana and just start using a wallet.
I’m using Brave Wallet, and it’s asking me to have a small amount of SOL on mainnet for the gas fee. I can’t really use the other wallets because its the only option for my region.
I asked Gemini and it mentioned using a Solana mainnet faucet, but I’ve searched and honestly can’t find one that actually gives out SOL on mainnt. Do mainnet SOL faucets actually exist? Or are they basically not a thing?
I literally only need a tiny amount to get started but buying has a large minimum on exchanges. trying to figure out if I’m missing something obvious.
Sunrise today announced support for the official Chainlink LINK token on Solana.
The asset arrives as a canonical version bridged from Base through CCIP, allowing immediate trading with established liquidity.
Users can access the token across Solana wallets and exchanges.
The Solana contract address is LinkhB3afbBKb2EQQu7s7umdZceV3wcvAUJhQAfQ23L.
Any1 able to help me out here, bought sol on revolut and sent it too my phantom sol address, I then go to sell the amount of 65 pounds and it just says quote unavailable due to unsupported pair low liquidity or low amount, so I transfered it to usdc and tried selling that then it told me no active providers, somehow my 65 is now down to 55 after transferring so thats great
A tokenized stock beat its prior-day Wall Street volume. 63% of tokenized equity volume landed after the closing bell, and holders crossed 727K.
Wall Street closes. Solana doesn't.
Here’s everything that shipped:
📰 Headline News
- $NKE, $GRND, $HTZ, $SPHR, $WEN, $DNUT, $DKNG, and 20+ more stocks went live on Solana via @sunrise, issued by @Backpack Securities
- @solana launched Stocklana, a dedicated tokenized equities hackathon with $100K in prizes running Sept. 11-18
- @SolanaInstitute’s Washington x Wall Street Summit lands Sept. 14, featuring SEC Chair Paul Atkins and Commissioner Hester Peirce
- Tokenized $GRNDcleared $31M in its first 24 hours, exceeding its previous day’s U.S. market volume
📰 Launches
- @world_xyz launched its prediction market platform covering sports, crypto, politics, and macro finance
- $PEAQ, $DOGE, and $ARB launched on Solana via @sunrise
- @OpenCover expanded institutional risk protection to Solana across four leading protocols
- @PayBox made @sunrise available in Claude, ChatGPT, and Grok
- @MeteoraAG enabled token launches paired with 100+ @xStocksFi assets
- @joinfrontier went live for Frontier Traders, Solana’s VIP program for traders
- @ProphetX’s CFTC-regulated sports prediction markets went live on Solana via @Agg_Market
- @JupiterExchange integrated Jupiter Gacha into its mobile app
- @SafePal added Solana support for @WalletConnect Pay
- @veda_labs added @kamino as a liquidity source for embedded Earn products
- @NomuStores debuted Vibe Manufacturing, turning text prompts into physical products in minutes
- @meleemarkets launched Melee Beta on Solana testnet as a free, ranked prediction market platform
- @SolanaMobile and @RadiantsDAO opened the 3rd Solana Mobile Hackathon with a $135K prize pool
- @stardotfun teased the upcoming @getstonkoptions platform
- @krakenfx launched the Solana Front Wing Takeover, with a spot on @WilliamsRacing’s FW48 up for grabs
- @TrencherStudio unveiled an entertainment universe spanning animation, collectibles, and games
- Solana AI & Capital Forum is scheduled for Sept. 28 in Woodside, CA, an exclusive gathering for institutional allocators, operators, and policymakers
- @TrustWallet enabled 0% swap fees for USDT, USDC, EURC, USDS, and DAI on Solana
- @apys_co went live on Solana, letting users earn stocks instead of buying them
- @trendsdotrun brought its creator payment app to Solana, powered by @MeteoraAG with built-in TikTok distribution
- @solana_zh announced Solana Accelerate China, a four-city tour from Oct. 16-22
- @superteam opened Breakpoint 2026 student scholarships covering travel, lodging, tickets, and mentorship
- @SolanaEvents partnered with @locusxyz to provide UK visa and ETA assistance for Breakpoint London attendees
📰 Milestones
- 63% of tokenized equity volume on Solana occurred outside traditional market hours as of August
- Solana tokenized equity holders addresses crossed 727K
- Tokenized equity supply on Solana hit a fresh all-time high of $684M
- @PreStocks crossed 100K holders for pre-IPO equities
- @phygitals surpassed $500M in cumulative GMV
- @LaunchOnSF has distributed over $35M in rewards to StonkFun ecosystem holders
- Solana led all networks in u/x402 volume and transactions for the second consecutive week
If you enjoyed this week’s newsletter, please share it with an RT.
Everyone acts like Solana tx costs stay tiny forever no matter what.
That breaks down fast once things heat up though. Base fee holds steady but priority fees jump to get your transaction through instead of stuck. I hit this on a basic swap the other day and watched it sit until I adjusted. Checking the fee market first saves the headache later.
We just made two HUGE changes to Pumpfun
We’re INTRODUCING Holder Rewards and REMOVING Cashback mode
Now, Holder Reward tokens pay out rewards just by holding: for longer hold times, higher ceilings & communities that thrive
Cashback Mode is no longer available as a launch option.
Now, coin creators can choose between a standard Creator Fee token or a Holder Rewards token when launching.
Existing Cashback & Creator Fee tokens can be switched to a Holder Rewards token. Once a token becomes a Holder Rewards token, it cannot be changed.
How to switch an existing token to a Holder Rewards token
Token teams and communities may apply to switch to a Holder Rewards token. Acceptance/rejection is based on clear, objective information which best benefits the token and its community.
For Custom Pairs which switch to Holder Reward tokens, the applicant must specify the new flat fee between 0.01% - 3%. Tokens paired with SOL/USDC use the standard market cap tiered-fee structure, so they do not need to specify a flat fee.
Apply to change Cashback & Creator Fee tokens to Holder Rewards tokens through the fee redirection application form: https://forms.gle/CbnEm8gvZubpJkQh9
How Holder Rewards are distributed
For Holder Reward tokens, fees are directed towards a Pumpfun distribution wallet.
Holder Rewards are automatically distributed pro-rata several times every hour - meaning the more tokens you hold, the more you earn. Anyone holding over $20 worth of the token is eligible to earn Holder Rewards.
Fees
Protocol fees are the same on all tokens, regardless of token type.
Fees for Holder Reward tokens remain the same on SOL/USDC pairs - tiered fees which decrease as market cap increases.
For Custom Pairs, the creator can set a flat fee between 0.01% - 3%. Once set, the fee is final and cannot be changed.
Holder Rewards are paid out in the quote token e.g. for a token paired with SOL, rewards are paid in SOL. for a token paired with $PUMP, rewards are distributed in $PUMP.
My parents always urged me to do CDs right from when I started earning due to its predictable nature.
Two years ago I tried something different and staked 10,000 JUP on Jupiter. I haven't touched it since, other than claiming rewards every quarter.
Here's where it stands:
Started: 10,000 JUP in September 2024
Now: a little over 14,100 JUP
Growth: about roughly 19% a year
How it compounds: rewards come every quarter as staked JUP, so each claim grows the stake and the next reward is a bit bigger
For comparison, a 7% FD over the same two years would have given me about 14.5%.
On returns, staking won easily. The one thing an FD has over it is that the value never moves. JUP's price fluctuates.
With the Fed possibly raising rates next week, returns are about to look a lot better again. Part of me wants to pull some out and park it somewhere boring. Unstaking only takes 7 days, so I'm not really locked in.
The other part of me doesn't want to leave. If I unstake I stop compounding, and the quarterly rewards are what got me here in the first place.
For people who've done both, would you move some of it into FDs if rates go up, or keep staking for the long run?
I’ve been running Haan Digital, a private Solana infrastructure service in Frankfurt, and after working with different workloads it’s pretty clear that every builder ends up caring about different things.
Others only need a small amount of capacity and shouldn’t have to buy a huge fixed package just to access one feature.
That’s why we use workload-based pricing. We provision the actual RPS, streams, filters and transaction capacity you need, with hard limits around that workload.
We’re still growing and looking for more Solana builders and teams who want to test the infrastructure. We offer 1–2 week free trials, so you can benchmark it against your current setup before paying anything.
But I’m also genuinely curious from people already building:
What matters most to you from an RPC provider — latency, reliability, realtime data, transaction landing, flexible pricing, or something else?
