Latest Solar (SXP) News Update

Deep Dive

1. Solar Card V3 Migration (30 October 2025)

Overview:
Solar Network initiated an automatic migration to Solar Card V3, introducing IBAN compatibility for bank transfers. Users received new deposit addresses, with deposits paused until migration completion. This follows May’s foundation-building phase but lacks leadership commentary.

What this means:
The IBAN integration is bullish for SXP’s utility in bridging traditional finance, but muted price action (-10.43% weekly) reflects skepticism about execution risks. Migration hiccups could temporarily dampen user activity. (Solar)

2. Network Overhaul Announcement (30 October 2025)

Overview:
Solar detailed its “Architecture Pivot” via CoinMarketCap, including Avalanche-inspired Core 5.0, a validator bridge, and marketing reboots. The roadmap emphasizes technical debt reduction and post-Binance governance clarity.

What this means:
The pivot addresses long-standing decentralization concerns but lacks measurable milestones. Combined with a 44% price drop over 90 days, the market awaits proof of execution before repricing. (Solar)

Conclusion

Solar’s dual focus on product (V3) and protocol (Core 5.0) upgrades suggests a rebuilding phase, though Binance’s June margin cut to 40% lingers as a bearish counterpoint. Will IBAN adoption offset exchange skepticism, or will SXP remain constrained by its post-Binance identity crisis?

Deep Dive

1. @SolarNetwork: V3 Upgrade & Roadmap Revival Bullish

"V3 introduces IBAN accounts, enabling users to send and receive bank transfers. ⚡️"
– SolarNetwork (45.8K followers · 581 likes · 2025-10-30 17:54 UTC)
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What this means: This simplifies fiat-crypto bridging, potentially attracting users seeking seamless banking integrations. Combined with their Avalanche-class Core 5.0 upgrade (announced earlier), it signals technical progress after months of quiet.

2. Binance Alert: SXP Collateral Ratio Slashed to 40% Bearish

Binance reduced SXP’s collateral ratio under Portfolio Margin from 55% to 40% on 2025-06-06 (source).
What this means: Lower collateral value = reduced borrowing power for margin traders. This typically signals exchange concerns about asset volatility or liquidity, potentially dampening speculative activity. SXP’s 30-day price drop of 35.63% aligns with this risk-off stance.

3. Kanalcoin Report: “Patience Is Key” Mixed

A May 2025 analysis noted Solar’s foundation-building phase lacked leadership announcements or market impact, with the community in “wait-and-see” mode.
What this means: Structural rebrands (from Swipe) historically haven’t driven price action. Bulls argue the project’s decentralized ethos needs time; bears cite dwindling volume (-39.18% last 24h) as apathy grows.

Conclusion

The consensus on SXP is mixed – bullish on tech upgrades like IBAN adoption, bearish on exchange risk parameters, and neutral on governance evolution. Watch for user growth metrics post-V3 migration and any Binance Futures liquidity shifts. For a coin down 61.79% YoY, execution risks loom large but pivot potential remains.

Deep Dive

1. Core 5.0 Upgrade (Q4 2025)

Overview: Solar plans to deploy Core 5.0, an Avalanche-class protocol upgrade aimed at improving transaction throughput and validator coordination via a new bridge mechanism. This overhaul targets enterprise-grade scalability while retaining Delegated Proof-of-Stake (DPoS) consensus.

What this means: Bullish for SXP if executed smoothly, as higher throughput could attract more DeFi projects. However, validator coordination risks during migration could temporarily impact network stability.

2. Solar Card V3 Launch (November 2025)

Overview: The V3 debit card introduces IBAN accounts, enabling direct EUR/USD transfers to crypto wallets. An audit for the card’s compliance layer was completed in October 2025 (Solar).

What this means: Neutral-to-bullish – broader fiat integration may boost adoption, but competition from established crypto cards (e.g., Crypto.com) limits upside without unique incentives.

3. Tymt Backend Rebuild (Q4 2025)

Overview: Tymt, Solar’s gaming/metaverse interface, is undergoing a backend overhaul to simplify NFT minting and in-app SXP transactions. Documentation for developers is expected by December 2025.

What this means: Bullish long-term if it attracts indie game studios, but short-term impact depends on post-launch partnerships.

4. Foundation Revival (2026)

Overview: Solar aims to reboot its community foundation in 2026 to decentralize governance and fund ecosystem projects. This includes a marketing push targeting Southeast Asia and Europe.

What this means: Neutral – governance shifts often cause volatility, but renewed marketing could counter SXP’s -63% yearly price decline if paired with tangible use cases.

Conclusion

Solar’s roadmap balances technical upgrades (Core 5.0, Tymt) with user-facing products (V3 Card), but execution risks loom amid bearish market sentiment. Will the IBAN rollout and foundation reboot catalyze the 90%+ drawdown recovery, or will SXP remain overshadowed by larger Layer-1 blockchains?

Deep Dive

1. Mainnet Launch & Core Overhaul (March 2022)

Overview: Solar launched its mainnet as a Layer-1 blockchain using Delegated Proof-of-Stake (DPoS), forking from ARK Core v3 and introducing protocol-level enhancements.

The codebase saw 31,252 additions and 1,845 file changes, focusing on security, scalability, and unique utilities like on-chain token protocols. Key updates included a swap module audit by CertiK and compatibility with ERC20/BEP20 token migrations.

What this means: This is bullish for SXP because it established Solar as an independent blockchain, enabling features like decentralized swaps and voting. However, the lack of major protocol updates since 2023 raises questions about long-term development momentum.
(Source)

2. Vote Optimiser Tool (2024)

Overview: A community-built tool to maximize voter rewards by dynamically adjusting stake allocations across delegates.

The optimiser calculates profit potential across thousands of iterations, factoring in votecaps and delegate contributions. A "Saver Mode" prevents voted delegates from dropping out of the top 53.

What this means: Neutral for SXP—it improves user experience but highlights reliance on third-party tools rather than native protocol improvements. Increased voter efficiency could stabilize network participation.
(Source)

3. Lazy Ledger TBW Plugin 0.2.0 (2024)

Overview: A True Block Weight plugin update enhancing reward distribution speed and transparency.

Changes included performance optimizations, bug fixes, and Discord notifications for payout status. The plugin now supports real-time tracking of delegate reliability over 30 days.

What this means: Bullish for SXP as it reduces operational friction for delegates and voters, fostering trust in reward mechanics. However, dependency on community plugins underscores slower core development.
(Source)

Conclusion

Solar’s codebase progress hinges on community contributions (like voting tools and plugins) rather than foundational protocol upgrades post-mainnet. While these enhancements improve user experience, the absence of recent core innovations may limit SXP’s competitive edge. What catalysts could reignite developer focus on Solar’s core infrastructure?