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<h2 id="span-style-font-size-16px-bank-rails-tokenized-shares-and-a-tenth-revenue-lead-anchor-the-week-span">Bank Rails, Tokenized Shares, and a Tenth Revenue Lead Anchor the Week</h2>
The weekly newsletter posted by the <a href="https://x.com/solana" rel="noopener noreferrer nofollow">network's official X account</a> on October 4 sets the tone for this Solana weekly update. Fiserv's digital asset platform went live with Roughrider Coin transfers across more than 90 banks and credit unions.&nbsp;
Shares of Powerus ($PUSA) drew more on-chain activity than on Nasdaq the day after listing. For readers following <a href="https://www.coingabbar.com/en/crypto-news-october-2026-bitcoin-price-btc-eth-uptober-trends" rel="noopener noreferrer nofollow">crypto news today</a>, the common thread is real institutions producing real numbers.
<h2 id="span-span-style-font-size-16px-four-headline-items-from-the-week-at-a-glance-span-span">Four Headline Items From the Week at a Glance</h2>
<table>
 <colgroup>
 <col width="141">
 <col width="564">
 </colgroup>
 <tbody>
 <tr>
 <td>Item</td>
 <td>What happened?</td>
 </tr>
 <tr>
 <td>Fiserv platform</td>
 <td>Live, with Roughrider Coin transfers across 90+ banks and credit unions</td>
 </tr>
 <tr>
 <td>OUSD</td>
 <td>OpenStandard's stablecoin launched, with reserves at BlackRock, Lead Bank, and BNY.</td>
 </tr>
 <tr>
 <td>App revenue</td>
 <td>$365M in Q3, up 42.6% quarter over quarter, the tenth straight quarter in the lead</td>
 </tr>
 <tr>
 <td>Powerus ($PUSA)</td>
 <td>Out-traded Nasdaq on the network after listing through Sunrise and Backpack Securities</td>
 </tr>
 </tbody>
</table>
Fiserv and OUSD share a theme, because both bring established finance names onto the same rails. That mix of bank infrastructure and stablecoin reserves gives this Solana weekly update its institutional flavor.
<img alt="Solana weekly update X Post" src="https://d3iuzwoiyg9qa8.cloudfront.net/webadmin/storage/public/commonEditerImage/GJ58GIWWgmHnA3aORVpfNbOWdSoUBY7cluEh4p8f.png" width="300" title="Solana weekly update X Post">
Source: <a href="https://x.com/solana/status/2106723512631095559?s=20" style="font-size: 16px; background-color: rgb(255, 255, 255)" rel="noopener noreferrer nofollow">Official X Post</a>
<h2 id="span-span-style-font-size-16px-revenue-and-spot-dex-figures-show-where-activity-concentrates-span-span">Revenue and Spot DEX Figures Show Where Activity Concentrates</h2>
<a href="https://www.coingabbar.com/en/solana-news-dex-volume-etf-inflows-institutional-demand" rel="noopener noreferrer nofollow">Spot DEX activity</a> remains the engine behind the strongest numbers in the Solana weekly update.
<ul>
 <li>September app revenue: $180M, a nine-month high and 32% of revenue across chains.</li>
 <li>Spot DEX volume: $197B in Q3, up 16.6% quarter over quarter, the fifth straight quarter in the lead.</li>
 <li>Byreal: surpassed $5B in lifetime trading on its first anniversary.</li>
 <li>x402 payments: weekly transactions hit an all-time high, with payment volume above all other networks combined.</li>
</ul>
The x402 record stands out because payments are a different use case from market speculation.
<h3 id="span-span-style-font-size-16px-tokenized-stock-trading-keeps-growing-across-raydium-and-kamino-span-span">Tokenized Stock Trading Keeps Growing Across Raydium and Kamino</h3>
<ul>
 <li>xStocks: recorded $1.8B in September trading volume on Raydium.</li>
 <li>Raydium: crossed $6B in cumulative tokenized-stock trading volume.</li>
 <li>Kamino: tokenized stocks pledged as collateral exceeded any other chain's by more than 3x.</li>
 <li>Holders: tokenized-equity holders reached 1.2M, with 775K joining in September.</li>
</ul>
Trading, lending, and holder growth all point the same way. Collateral is the quieter signal in this Solana weekly update, since it shows tokenized shares being put to work, not just traded.
<h3 id="span-span-style-font-size-16px-new-launches-cover-privacy-perps-and-payment-tools-span-span">New Launches Cover Privacy, Perps, and Payment Tools</h3>
<ul>
 <li>Fermi: on-chain perp DEX with verifiable first-in, first-out order matching.</li>
 <li>Sirius Protocol: private spot and perps trading that keeps positions off the public feed.</li>
 <li>Cloak: private payroll with spreadsheet uploads and one-click payouts.</li>
 <li>Metaplex:<a href="https://www.coingabbar.com/en/solana-news-today-mpl-3643-rwa-tokenization-solana-standard" rel="noopener noreferrer nofollow">MPL-3643, a standard</a> for permissioned real-world assets with built-in compliance.</li>
 <li>Jupiter: a Claynosaurz card with 2% cashback and full FX fee rebates through 2026.</li>
 <li>Kled V3: collects real-world consumer datasets in under 72 hours.</li>
 <li>Flint: announced its own on-chain perp DEX.</li>
 <li>Sunrise: brought Coinbase's wrapped Cardano asset, cbADA, over via Chainlink CCIP.</li>
 <li>Doma Protocol: opened Frontier through Loopscale, bringing tokenized domains on-chain.</li>
 <li>Backpack Onchain: added v1 transaction support for more complex routes and DeFi interactions.</li>
</ul>
Privacy shows up in both trading and payroll, while MPL-3643 targets compliance. The Solana weekly update lists more than a dozen launches, but the ten above carry the clearest use cases.
<h2 id="span-span-style-font-size-16px-solana-price-today-sol-steady-near-120-as-daily-volume-jumps-41-span-span">Solana Price Today: SOL Steady Near $120 as Daily Volume Jumps 41%</h2>
<a href="https://www.coingabbar.com/en/bitcoin-ethereum-xrp-solana-price-prediction-uptober-bull-target" rel="noopener noreferrer nofollow">SOL moved between</a> about $120.30 and $122.10 over 24 hours and ended slightly lower. Turnover rose sharply, yet the headlines have not produced a clear price move so far. Circulating supply of 588.31M SOL is about 93% of the total supply.
<table>
 <colgroup>
 <col width="175">
 <col width="222">
 </colgroup>
 <tbody>
 <tr>
 <td>Metric</td>
 <td>Reading</td>
 </tr>
 <tr>
 <td>Price</td>
 <td>$120.40</td>
 </tr>
 <tr>
 <td>24-hour change</td>
 <td>Down 0.27%</td>
 </tr>
 <tr>
 <td>Market cap</td>
 <td>$70.83B (down 0.24%)</td>
 </tr>
 <tr>
 <td>24-hour volume</td>
 <td>$1.96B (up 41.29%)</td>
 </tr>
 <tr>
 <td>Volume to market cap</td>
 <td>2.75%</td>
 </tr>
 <tr>
 <td>Rank</td>
 <td>#7</td>
 </tr>
 <tr>
 <td>Circulating supply</td>
 <td>588.31M SOL</td>
 </tr>
 </tbody>
</table>
<img alt="SOL price near $120.40, down 0.27%" src="https://d3iuzwoiyg9qa8.cloudfront.net/webadmin/storage/public/commonEditerImage/7Sp24RrKsqkMN4ozylonxHHh7jM4v91yM4mUXlOS.png" width="300" title="SOL price near $120.40, down 0.27%">
Source:<a href="https://coinmarketcap.com/currencies/solana/#Chart" style="font-size: 16px; background-color: rgb(255, 255, 255)" rel="noopener noreferrer">CoinMarketCap Chart</a>
Note: Prices can change quickly, so figures may not reflect the latest value. Readers should check a live price tracker for current data.
<h2 id="span-span-style-font-size-16px-events-and-programs-to-watch-after-this-solana-weekly-update-span-span">Events and Programs to Watch After This Solana Weekly Update</h2>
<ul>
 <li>The Singapore summit on October 6, following the wrap of the Seoul edition.</li>
 <li>The next wave of Breakpoint 2026 speakers, now confirmed.</li>
 <li>A new funded three-month research internship for PhD students.</li>
 <li>Proto's markets for trading exposure to rental GPU power usage, targeting Q4.</li>
 <li>DGLD's expansion for a token backed by physical gold stored in Switzerland.</li>
</ul>
Taken together, the week connects bank settlement, <a href="https://www.coingabbar.com/en/tokenized-stocks-vs-shares-which-is-better" rel="noopener noreferrer nofollow">tokenized stocks</a>, and new market tools. The open question is whether price follows that activity. Treat this Solana weekly update as a snapshot, not a forecast.
YMYL Disclaimer: This article is for information only and is not financial or investment advice. Crypto prices, including SOL, are volatile, and the figures here are a snapshot, not a forecast. Do your own research and consult a qualified financial professional before making any decision.

Solana Weekly Update: Is SOL Price Flat at $120 After Fiserv Go-Live?

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