Prices may be down across all of crypto, but Solana and its ecosystem keep on shipping.
Breakpoint announcements cap off another big week for Solana where TradFi meets internet capital markets.
Market Overview
In the end, the sector’s market slumped 9% to $176 billion while trading volume took a deeper dive, plunging 30% to $11.6 billion.
- Visa just flipped the switch on USDC settlement for U.S. banks on Solana, with Cross River and Lead Bank already live. Institutional stablecoin rails are here, and a broader rollout is lined up for 2026.
Source: Visa
- CME expanded its crypto suite with spot-quoted Solana futures, offering real-time price exposure through its smallest contracts yet.
Source: CME Group
- State Street and Galaxy are bringing tokenized cash to Solana with a 24/7 on-chain sweep fund, backed by a $200 million seed from Ondo Finance. The SWEEP fund will run on PYUSD and is set to launch on Solana in early 2026.
Source: Ondo
And the Solana Breakpoint 2025 announcements provided all the toppings to cap off the week.
Breakpoint 2025’s Biggest Announcements
Last week, Solana’s annual flagship conference Breakpoint had its fourth edition in Abu Dhabi (following previous years in Lisbon, Amsterdam and Singapore), and it was bigger and better than anything we’ve seen to date, despite a muted market. Breakpoint 2026 is set to take place in London.
ICYMI, here are some announcements from the Etihad Arena in Yas Island that got purple-pilled maxis pumped:
- Firedancer finally went live on the Solana mainnet after three years of development, already producing 50,000 blocks and pushing the network toward 1 million TPS.
- Phantom is adding Kalshi-powered prediction markets for 20 million users directly inside the wallet.
- Solana Mobile will integrate its stack at the Android device chipset level, and launch its Seeker (SKR) airdrop in Q1 2026.
- Solflare, who together with Bonk had a spectacular drone-powered closing party show that came with a crazy QR code airdrop, announced Magic AI, an AI-powered wallet assistant to simplify transactions.
- Coinbase is expanding to Solana with native DEX trading for Solana assets inside its app.
- The Solana Foundation is building a permissionless bridge to the XRP Ledger to plug Solana into the XRPFi ecosystem.
- R3 plans to launch the Corda Protocol on Solana to let asset managers issue tokenized real-world assets on-chain.
Solana's Performance This Week
SOL is down 8% week-on-week after sliding to $128.
Source: CoinMarketCap
L1 Ranking Update
Source: DeFiLlama
DeFi
Source: DeFiLlama
Biggest Winners & Losers
Top Performers
Solana’s big gainers cooked, with the top six blasting over 100% gains week-on-week.
- Yala (YU): +367.98%
- SentismAI (SENTS): +153.22%
- Fasttoken (FTN): +140.29.1%
- SmarDEX (SDEX): +137.48%
- Bitlight (LIGHT): +129.69
- Jelly-My-Jelly (JELLYJELLY): +115.85%
Biggest Losers
- River (RIVER): -67.12%
- SpaceN (SN): -41.52%
- Chintai (CHEX): -36.23%
- Terra Classic (LUNC): -35.2%
- Folks Finance (FOLKS): -32.62%
Source: CoinMarketCap
Latest Solana News
Solana Gets Stress Tested at Scale
Source: Pipe Network
Wall Street Goes On-Chain
Source: Coin Bureau
Solana Hits Brazil’s Stock Market
What You Can Do Now
- Reduce leveraged exposure until market conditions improve.
- Track Solana channels for Breakpoint announcement updates.
- Secure your wallet and verify activity while Solana handles a DDoS attack.
