Events

Solana Mobile will roll out the SKR token around January 20-21 and integrate it with its smartphone ecosystem. It plans to airdrop 20% of SKR supply to eligible Seeker device users and app developers, allocated by an on-chain snapshot of activity.

Morgan Stanley is broadening its crypto offerings, filing with the SEC for spot Bitcoin, Solana and Ethereum ETFs. The step aims to give over 19 million clients direct exposure and signals growing institutional adoption and increased legitimacy for digital assets.

App revenue hit $4B, a 48x gain in two years

Solana’s 2025 ecosystem review depicts a breakout year marked by record network activity, transaction volumes and revenues — including $1.4 billion in network revenue (a 48-fold rise over two years) and seven applications exceeding $100 million in revenue — reinforcing its standing across DeFi, stablecoins and institutional products.

Morgan Stanley, a major Wall Street bank, has filed S-1 registration statements with the SEC to offer spot Bitcoin and Solana ETFs. The filing seeks to capture growing institutional demand and participate in over $2 trillion of U.S. spot crypto ETF trading volumes, competing with firms like BlackRock and Fidelity.

Crypto funds saw $446 million in weekly outflows amid ongoing volatility and large Bitcoin and Ethereum redemptions that pressured markets. Still, XRP and Solana ETFs showed resilience with meaningful inflows, suggesting selective accumulation amid a challenging market.

Upexi, a publicly traded Solana holder with roughly 2 million SOL, has filed a $1 billion shelf registration to raise capital through shares and other securities. It plans to move beyond consumer brands and rapidly expand its Solana-focused digital treasury and DAT strategy amid current SOL market distress.

Solana partnered with post-quantum specialist Project Eleven and tested quantum-resistant digital signatures on a testnet, advancing long-term security for wallets, validators and transactions while noting there is no immediate quantum threat.

MAS-licensed issuer StraitsX plans to deploy its SGD- and USD-pegged tokens, XSGD and XUSD, on the Solana blockchain by early 2026. The rollout will enable instant SGD–USD swaps, on-chain FX, cross-border settlement and AI-driven payment capabilities, extending its proven multi-chain, high-volume stablecoin ecosystem.

Solana withstood a massive DDoS campaign peaking near 6 Tbps over a week, yet recorded no downtime or obvious slowdown and kept sub-second confirmations. By comparison, rival Sui suffered degraded performance from a smaller attack.

Bitwise Solana ETFs, after a long streak of inflows, saw their first notable $4.6M outflow amid broader crypto fear, thin year-end liquidity, and macro risks, with traders closely watching Solana’s $120 support and declining participation despite some selective capital inflows.

In 2025, Solana stayed the top blockchain ecosystem with roughly 26.8% of global mindshare — down from 38.8% in 2024 — as Base, Ethereum, Sui and BNB Chain drew rapidly rising interest, pointing to a more diversified, competitive landscape propelled by increased app activity and emerging use cases.

Firedancer, a high-performance validator client for Solana developed by Jump Crypto over three years, has gone live on mainnet. The deployment is a notable infrastructure milestone for the Solana ecosystem, enhancing scalability, resilience and throughput while reducing dependence on a single validator client.

Anthony Scaramucci forecasts Solana could ‘‘flip’’ Ethereum in market capitalization as early as 2026, citing faster growth in developer activity, user adoption and network throughput and arguing Solana can act as a primary layer for global tokenization — while stressing he is not anti‑Ethereum or ‘‘chain monogamous.’’

Hex Trust will mint and custody wrapped XRP (wXRP), a 1:1-backed token that lets XRP move onto major chains such as Ethereum and Solana. The offering is designed to expand XRP’s DeFi utility, improve cross-chain interoperability and reduce reliance on unregulated third‑party bridges.

Keel has unveiled the $500M "Tokenization Regatta" on Solana to accelerate real-world asset tokenization, increase liquidity and institutional participation, and bolster Solana’s growing on-chain RWA ecosystem at a pivotal moment for the network.

dYdX, previously focused on derivatives, has launched its first-ever spot trading with Solana markets, opening access to U.S. users for the first time, offering zero fees in December while monitoring SEC and CFTC regulations.

J.P. Morgan arranged a $50M U.S. commercial paper issuance for Galaxy Digital on the Solana blockchain, settled in USDC, marking one of the first institutional short-term debt deals executed on a U.S. public blockchain and a key step toward blockchain-native capital markets.

Coinbase has embedded a Solana-powered DEX into its app, enabling instant on-chain trading of any Solana token — including new launches — with USDC payments settled without custodial intermediaries. The update widens user access, boosts liquidity and adds more DeFi features to a familiar interface.

Bhutan has introduced TER, a sovereign, fully gold‑backed token launched on Solana through Gelephu Mindfulness City, designed to provide secure, transparent digital access to physical gold. The move supports Bhutan’s broader blockchain push, including bitcoin reserves, hydro‑powered BTC mining, tokenized assets, CBDC pilots and an Ethereum‑based digital ID.