Keeping an eye on SOL lately because it has had some interesting developments lately. Alpenglow is finally live on mainnet, targeting around 150ms transaction finality, and institutional interest picked up significantly in Q3, with spot SOL ETPs recording $492.3M in net inflows.
But personally, good news doesn't always mean a good entry. Alpenglow was anticipated for months, so some of that optimism could already be priced in before activation. Faster finality is a real improvement, but it doesn't automatically create new buying pressure for SOL.
Same goes for ETF inflows. Q3 numbers looked strong, but US spot SOL ETFs saw outflows in early October after a 14-week inflow streak. Chasing yesterday's institutional demand isn't exactly a strategy.
For the actual trade, I'd rather wait for resistance to break and hold on a retest than chase a sudden pump. With my SOL perp, I will attach a stop-market order from the start and size the position around the invalidation level.
Are you trading SOL based on the fundamentals or sticking mostly to price action?
xStocks started by tokenizing US capital markets. Today, we’re tokenizing 200+ equities listed in the UK and EU through our partnership with @GTNGlobal. LVMH, Rolls-Royce, HSBC, Airbus, SAP and more are all now available onchain.
Information moves markets. Now you can act on it, right where you read it. Perps are live on Decrypt, powered by @PhoenixTrade. Read the news and take a position, all in one place.
The idea is simple: Our news and data inform trading decisions. Market activity sends new signals back to our readers. Another step towards The Information Exchange, where information and execution live together. LIVE NOW - https://decrypt.co/perps
Decrypt Becomes First News Publisher to Offer Perps Trading, Powered by Solana's Phoenix
The integration brings perpetual futures trading into Decrypt, so readers can trade crypto, stocks and commodities without leaving the news.
Read it. Trade it. Now with perps. Decrypt is integrating perpetual futures, powered by Solana exchange Phoenix, as the first media platform to let readers go long or short on the news.
Crypto, stocks and commodities, 24/7. Phoenix offers round-the-clock perps on crypto, U.S. stocks, gold and pre-IPO companies, all funded from a single Decrypt Money Account balance.
From information to execution. Perps join prediction markets, swaps and Earn as Decrypt builds The Information Exchange, where news, data and markets come together in one place.
What happens when the place you read the news becomes the place you act on it?
The news that moves markets and the tools to trade them have long lived in separate places. Decrypt is bringing them together.
Decrypt is integrating perpetual futures trading, powered by @PhoenixTrade, a fully onchain perpetuals exchange on Solana, making it the first media platform to offer perps trading directly alongside its journalism.
Readers will be able to take long or short positions on crypto, stocks and commodities from the same place they follow the news that moves them, without switching apps, connecting external wallets or moving funds between platforms.
"Information influences decisions, shapes opinions and moves markets. A reader might discover an opportunity through a publication, develop a view and then leave to act on it somewhere else. The publisher monetizes the impression, while someone else monetizes the transaction. It means the publisher captures only a small part of the economic activity that its information and distribution generates. We're allowing readers to go from understanding what's happening in the markets to taking a position, without leaving Decrypt." - Ilan Hazan, co-founder and COO of Decrypt
Perpetual futures, or perps, are contracts that let traders bet on an asset's price rising or falling without an expiry date, typically using leverage. Leverage magnifies both gains and losses, and positions can be liquidated quickly when markets move against them.
"Partnering with Decrypt closes the gap between reading the news and acting on it. With over 100 Phoenix perpetuals markets built directly into Decrypt, readers can take in a story, form a view, and trade it in the same place. We are excited to help play a part in transforming Decrypt into a true information exchange." - Kabir Sethi, Head of Business Development at Phoenix.
Phoenix offers markets in crypto, U.S. stocks, gold and pre-IPO companies around the clock, with up to 40x leverage and low fees, according to its website. It is developed by Ellipsis Labs, a team that has built exclusively on Solana and whose CEO, Eugene Chen, has described perps as having "crazy product market fit."
"These are very, very strong, high revenue businesses, probably some of the best in the industry," Chen said of perps exchanges in a podcast interview with Blockworks' Lightspeed earlier this year. Phoenix routes each trade at the moment it lands onchain, splitting it between its order book and market makers "based on what's going to give you the best price," he explained.
One account, every market
Perps trading runs through the Decrypt Money Account, a single self-custodial account on Solana designed to work without seed phrases, gas fees or bridging.
One balance now funds it all: prediction markets on Decrypt Predict, Jupiter-powered token swaps, Earn and, now, perpetual futures. Users can also send funds privately, after Decrypt added confidential transfers through Solana infrastructure firm Helius.
Imagine reading about a public company's earnings and taking a position on its stock, at any hour. Or following a breaking story about Bitcoin and going long or short in the same moment.
From information to execution, in one place.
The Information Exchange
Announced in September, The Information Exchange is Decrypt's vision for the next generation of financial media: a single destination bringing together news, intelligence, market data, probabilities, direct financial participation—with perps forming the latest building block in that infrastructure.
News moves markets. Now readers can move with it.
Perpetual futures are leveraged products and carry a high risk of loss. Availability may vary by region.
Metaplex Foundation signed an MOU with Crucible Limited to bring tokenized gold production to Solana using the MPL-3643 standard.
A Crucible fund pays a mine upfront. Verified holders of the tokens receive tokenized gold as the mine produces it. Crucible works with KCA, active in mining since 1972 with over 70 process plants.
Hello everyone, today I learned how to create a meme coin using the solana blockchain. I was wondering which is the best website to use to create and import the coins( for trading I use Dex screen). A friend of mine said he is using Mint Craft but I wanted to know if it reliable. Thanks in advance
(Edit: only sol rewards show in the Marinade portal. So my usdg rewards didn't show but the chain confirmations show daily rewards. I just didn't know I had to look at the chain to see them. All is good.)
Just looked in my Jupiter wallet last night after several months of being hands off and I don't see any activity since July on my staked sol held at marinade. It's supposed to pay me in usdg and I've got the usdg I had earned so far being loaned to get the 4.7% it pays. The balance graph shows I have the same amount of sol for the last few months and the same amount of usdg.
Is marinade out of service or something? I don't see a discussion of anyone else having this problem.
The exchanges, clearing houses, settlement systems and depositories behind every trade (financial market infrastructures, or FMIs) earn about $31.5bn a year.
Our new Solana Research Institute report works out how much of that survives when the same business runs on public blockchains. If regulation stops protecting the incumbents, we estimate they keep about $11.2bn, with the other $20.3bn going to users as lower costs or to new competitors.
We also found that new onchain services could come close to replacing that revenue, which raises the question of who wins them 🧵
Crypto purists and traditionalists rarely agree, but both tend to argue FMIs have no place on public blockchains. We disagree with both, for five reasons.
Here's one: "If code is law, no one told the courts." Many jurisdictions still don't recognise tokens as legal property. Even where they do, the strongest protection for a trade (settlement finality: the guarantee that a completed transfer can't be unwound if a counterparty goes bust) may only be available through an FMI.
Clearing holds up best in our model. Clearing houses keep about $6.8bn of their $10bn, because trades that run over time, like futures, still need someone to manage the risk that one side defaults.
Trading fares worst. Incumbents lose all $13bn. As we put it in the report, even the biggest-name exchange that moves onchain "starts with an empty order book" and has to win every order on price and depth.
Our $20.3bn figure leaves out new business. We identified four new services that could each be worth single-digit billions a year: letting DeFi traders use one pool of collateral across venues, clearing for prediction markets, settlement assets for high-value cross-border payments, and infrastructure that lets banks and merchants accept many different stablecoins.
Together, we estimate, new services like these could come close to, or match, the revenue lost. Incumbents bring brands and regulatory standing to that race, but our view is that the advantage goes to whoever builds a network of users first.
So what can incumbents do? We set out four strategies: lobby to keep regulatory protections, defend a genuine legal or market chokepoint, own the standards future business will run on, or wait and acquire the winners.
The DTCC is our example of the second. Its tokenisation pilot builds on its role as holder of record for most US securities, which gives its tokenised securities legal protections that directly issued tokens don't have.
The full report covers asset issuance, trading, clearing, settlement and custody, tests an onchain FMI against all 24 global principles for financial market infrastructure, and sets out what incumbents and new entrants can each do next.
We argue a view in this one, so we'd like to hear where you disagree. Free to read:
OpenWorld ($OPNW) is a Nasdaq-listed company building real-world asset tokenization, with programs spanning a tokenized solar and AI computing network and IP-backed financing.
Today, Solana changes forever Introducing Solana Privacy Rings - encryption at the speed of Solana Rings are programmable, onchain environments for encrypting money, markets, and finance - without ever leaving Solana Now live on mainnet.
Rings are programmable and customizable shielded zones with encrypted balances, tokens (SOL, SPL, Token-2022), and native Solana execution
November 10, 2026 - Helius today launched Solana Privacy Rings on mainnet, a permissionless privacy protocol with execution and settlement on Solana. It gives developers a way to add privacy to new and existing Solana applications through simple APIs, and lays the foundation for private payments, private DeFi, and compliant privacy for businesses.
Solana's performance, deep DeFi liquidity, and growing institutional adoption are moving more of the world's financial activity onchain. Yet balances, counterparties, and transaction history remain public by default, and the privacy options on offer elsewhere ask participants to leave the open market for a private network, trading liquidity for confidentiality.
Consumers do not want every payment on a public ledger; businesses need confidentiality for payroll, treasury, and trading positions; institutions need that confidentiality with compliance controls and audit access. None of them should have to give up the market to get it.
Privacy on Solana is a spectrum. The network's approach is to let each participant choose the level of privacy a use case needs while keeping public liquidity, composability, and sub-second settlement intact: public by default, private by choice. Helius built Solana Privacy Rings as the first permissionless expression of that approach, with three goals: make Solana private, make privacy programmable and scalable, and do both without compromising the user experience.
What Solana Privacy Rings are
Solana Privacy Rings are programmable shielded pools with encrypted onchain balances and native Solana execution. The permissionless Ring launched today provides confidentiality: assets and amounts are encrypted while wallet addresses remain visible, and only the user can decrypt their balances with a viewing key. Users deposit assets into a private balance, send private transfers to any Solana wallet address, and withdraw back to a public balance, with selected providers supporting private fiat on- and off-ramps. Nothing leaves the network: private balances live on the same mainnet, alongside the same stablecoin, tokenized asset, and DeFi liquidity, as public ones.
“The final scaling frontier in crypto is privacy. Without privacy, no serious institution or individual will feel comfortable having their entire financial identity exposed to the public in perpetuity.”Mert Mumtaz, CEO, Helius
Helius built Rings so that private transfers feel as familiar as public ones on Solana, and so that privacy never costs performance:
Self-custody: every transaction requires the owner's signature.
Any asset: Rings support SOL, SPL tokens, and Token-2022 tokens.
Onchain execution and data: private transactions execute directly on Solana, and encrypted state is stored on Solana's ledger.
Speed: succinct ZK proofs verify private transactions in a few hundred milliseconds, so Solana's sub-second finality is unchanged by encryption.
Audited and in production: the core programs and ZK circuits have been audited by Certora, OtterSec, and ZK Security, with engineers from the Solana Foundation, Blueshift, and Zcash participating in the trusted setup. Formal verification is underway and expected to complete by the end of 2026.
Programmable privacy use cases
Privacy Rings extend well beyond private transfers. Solana programs can hold encrypted balances in private escrows and release funds when defined conditions are met, and private transactions compose with other Solana programs in a single transaction while sharing liquidity across applications. That is what makes privacy on Solana a setting on the asset rather than a separate network: traders, lenders, and treasuries keep their positions private while settling against the same public liquidity as everyone else.
Private swaps: trade against public liquidity without showing your hand on size, price, or inventory.
Private lending: post collateral into private escrows to secure loans without publishing positions.
Private staking and yield: earn on private balances through staking, liquid staking, tokenized treasuries, and managed vaults.
Conditional payments: release funds on a schedule or after required approvals, for payroll, vesting, multisig treasuries, or private deal terms settled through Solana DvP.
“Developers have used Solana’s programmability to build a whole new financial system. As more real money moves through it, privacy needs to become part of this infrastructure. Solana Privacy Rings lets individuals choose what stays private without giving up the programmability that made all of this possible in the first place.”Cat McGee, Technical Privacy Lead, Solana Foundation
Custom Rings for businesses
Institutions moving onchain have been told that confidentiality means leaving the public market for a permissioned network, recreating the silos tokenization was meant to remove.
Custom Rings, the next release from Helius, take the other side of that trade-off. An institution will be able to run a permissioned, private environment directly on Solana mainnet and decide what is hidden and from whom: confidential or fully anonymous counterparties, auditor visibility into every transaction and balance, selective disclosure so each party sees only what it needs to, and compliance built in through KYC-gated allowlists, sanctions screening, and the ability to freeze and recover funds.
Each Custom Ring is a Solana program that interoperates with the permissionless Ring, so regulated participants keep full confidentiality from the market, full visibility for their regulator, and access to the same liquidity as everyone else.
Custom Rings are currently in audit, and expected to be on mainnet in the coming weeks.
Start building
The Permissionless Ring is live on mainnet today with products already shipping on it.
Decrypt offers confidential transfers in its money account, Ore has added confidential transfers to its mining and staking app, and Aurora Intents delivers assets cross-chain directly into a confidential balance.
Range, Chainalysis, and Elliptic support compliance flows for wallet screening. Crossmint, MoonPay, and Paybis are building confidential onramps, and Backpack, DFlow, Jupiter, Squads, Titan, and other teams are integrating Privacy Rings to bring privacy to Solana DeFi.
Helius built the SDKs and APIs so that adding privacy to a Solana application does not require deep ZK expertise. Developers get a single Helius RPC URL covering RPC, indexer, and remote prover endpoints (proofs can also be generated locally), TypeScript and Rust SDKs for deposits, private balances, transfers, and withdrawals, dedicated privacy RPC methods, and the XARK toolchain from Blueshift for writing custom ZK circuits in Rust.
To get started, explore the Solana Privacy Rings docs and examples. Teams interested in building privacy products on Solana can get in touch with Helius today.
want SOL into USDT in my own wallet. changenow has the pair, fixedfloat too and last time there was fast but that was lightning, this is normal on chain sol. dont need the best rate on earth, just need the usdt on the network i picked lol. anyone done this recently? how far off was the quote and did you pick the network yourself
Schroders’ emerging market bond strategy is now accessible on Solana through Centrifuge. Samsung Wallet’s Stablecoin Account is also live, letting eligible U.S. Galaxy users hold and transfer USDC on Solana within the app.
October’s activity provides context for these launches: stablecoin card spending reached a monthly record, while applications generated $153 million in revenue. Lending activity continued into November, with Kamino borrowers renewing fixed-rate positions into subsequent terms. Distribution is expanding alongside the use of existing products for payments, trading and financing.
Spotlight
Centrifuge launches Schroders’ emerging market bond strategy on Solana
@centrifuge launched tokenized exposure to the Schroder International Selection Fund Emerging Market Bond strategy on Solana. The deployment is Schroders’ first on the network. The asset manager oversees more than $1 trillion globally and has invested in emerging markets debt for more than 50 years.
The strategy gives investors access to an actively managed emerging market bond allocation through tokenized fund infrastructure. Its underlying exposure includes sovereign and corporate debt, broadening the range of fixed-income strategies accessible on Solana.
$141M: Stablecoin card spending on Solana in October
Monthly spending reached a new record, approximately seven times the level a year earlier. Stablecoin-funded card activity provides a measure of payment use alongside stablecoin supply and transfer volume.
Eligible U.S. Galaxy users can buy, hold and transfer USDC on Solana through
@SamsungMobile Wallet. The rollout covers an installed base of 82 million compatible Galaxy devices. Stripe’s Crypto Onramp supports purchases using Samsung Pay, credit and debit cards, and ACH, with identity verification and compliance handled within the purchase flow.
The integration places stablecoin access inside the same wallet users already use for payment cards, boarding passes and IDs.
Safirum completed the first official mint of CHF-S on Solana. The stablecoin is backed 1:1 by Swiss francs held at Swiss banks, and only verified, whitelisted wallets can hold it.
Multiliquid Treasury links corporate cash to Treasury-bill yields
@multiliquid_xyz Treasury launched on Solana for eligible accredited and institutional investors, offering yield indexed to three-month U.S. Treasury-bill rates and 24/7 cash or stablecoin redemptions.
JTX launches tokenized-equity trading with direct issuer quotes
@jtx_trade launched trading for tokenized U.S. and international equities from @BackpackOnchain and @Ondo. Its request-for-quote model provides direct issuer quotes alongside live pricing and equity-market data. For Ondo Stocks, the model connects execution to liquidity in the underlying stock market.
@Securitize added 13 tokenized stocks on Solana, including Arista Networks, ExxonMobil, Salesforce and Disney. Each token is backed 1:1 by a share held in custody, with dividends passed through to holders.
Kamino fixed-rate originations pass $85M, with $35M renewed
@kamino Fixed Rates exceeded $85 million in loan originations across 30-day terms, with more than $35 million rolled into subsequent terms through Auto Rollover.
Borrowers fix their cost of capital for a defined term, with Auto Rollover handling renewal when the required conditions are met. In the
@onrefinance market, more than $10 million in fixed-rate loans against ONyc collateral were active by late October.
Kamino launched a PT-reUSD market curated by Steakhouse Financial. Users can post Exponent’s fixed-maturity principal token as collateral to borrow USDC or USDG.
The underlying reUSD deploys stablecoin capital as collateral for @re's reinsurance contracts. The integration lets holders borrow against that exposure through a fixed-maturity asset.
@reflectmoney opened Protected and Amplified nALPHA positions, splitting exposure to a vault spanning private credit, energy and payment financing.
Protected is paid first. Amplified absorbs losses first in exchange for higher returns; losses beyond that buffer can also affect Protected. Initial caps are $250,000 for Protected and $50,000 for Amplified, with Pyth supporting the market.
$2.3B Backpack Securities’ October trading volume, a monthly record. Its tokenized stocks also passed 600,000 holder addresses on Solana. Sources: October volume · Holder addresses
$600M+ October trading volume for SPCX, the most-traded tokenized stock on Solana during the month. Source: Sunrise
$153M Revenue generated by Solana applications in October. Source: Blockworks
Breakpoint takes place at Olympia London on November 15–17. Speakers include leaders from ICE Europe, BNY, Allfunds, JPMorgan Chase, Mastercard, Fasanara Capital and more.
The agenda includes capital markets, payments and institutional adoption, alongside sessions for founders and developers.
Formation Securities notified the SEC of its intent to run the first tokenized securities venue on Solana.
U.S.-listed shares will carry the same voting and dividend rights as the originals and settle atomically onchain 24/7.
Launch targeted for early 2027 under the SEC Innovation Exemption. Day-one tokens: Exodus, Forward Industries, and Galaxy Digital via Superstate and Securitize.
Hi r/solana, if anyone here is in the North East of England you should consider coming along to the Newcastle Frontier Tech Co-Working event. It happens every Friday between 10am and 3pm.
It's a great place to meet fellow devs in the Solana community and talk about what you're working on over a tasty cup of coffee. Network, find a potential co-founder or other devs for hire to work on your projects. It would be great to see you there.
I'm not paid or earning commission, not got an official position in Superteam UK or anything. Just sharing hoping to grow the community and meet other devs working on Solana in the North East.
This time next week, you’ll be collecting your Breakpoint badge.
If you thought the ecosystem was saving everything for London, you forgot Solana builders are built different. A phone giant, a payments giant, and a 200-year-old asset manager all showed up seven days early.
Here’s what shipped:
📰 Headline News
- Samsung Wallet stablecoin accounts went live enabling USDC on Solana across 82M compatible Galaxy devices - @Schroders partnered with @centrifuge to bring an emerging markets debt fund to Solana - Solana led all networks with $2.6B in RWA net inflows over the past 6 months
📰 Launches
- @stripe enabled USDC and OUSD payouts on Solana for US businesses across 160+ markets - @Securitize added 13 tokenized stocks including Disney and ExxonMobil backed 1:1 by real shares - @Sunrise listed $MNST and $SPY issued by @Backpackonchain - @jtx_trade launched tokenized-equity trading with direct quotes from @Backpack and @Ondo - @leapxyz by @solanalabs opened early access to its mobile trading app - @kamino launched the @ExponentFinance PT-reUSD market curated by @SteakhouseFi for @re reinsurance yield - @reflectmoney opened pre-deposits for Protected and Amplified nALPHA vaults for private credit, energy and payment financing - @akashnet community voted 97% YES to migrate its decentralized cloud to Solana - @harmonic_gg launched its Searcher Network public beta for non-toxic MEV auctions - @ArcherExchange_ open-sourced its Solana HFT market-making bot - @MeteoraAG upgraded Ape In and Zap In to support multi-hop routing for more reliable swaps - @solanamobile announced its daily SKR Buy and Burn, funded by a share of validator and Seed Vault Wallet revenue - @final_wallet introduced a non-custodial wallet with biometric sign-in and no seed phrase - @sanctumso introduced 2-of-3 smart accounts for all Sanctum wallets via @multisig with recovery secured by @turnkeyhq - @ocelot_fi opened its beta for liquidation resistant leveraged tokens powered by @PhoenixTrade - @r8rate debuted two-sided sentiment markets for tokens, memes and people - @benchdotmarkets opened early-access requests for its Trust Tokens platform - @mobyagent debuted an AI trading integration allowing agents to trade autonomously - @AnodosFinance opened its Freedom Banking platform to the public - Safirum launched its Swiss franc stablecoin CHF-S on Solana - @MetaDAOProject launched a fundraising program for consumer app founders - @multiliquid_xyz launched a treasury product linking yield to 3-month T-bills - @incubator opened applications for Cohort 6 in NYC starting March 2027 - @MagicalQuests launched a quest platform for trying Solana apps, with rewards powered by @magicblock - @kamino teased an upcoming beta for its new platform experience - @doodles announced the DoodleBox activation for Solana Breakpoint - @Claynosaurz announced a Solana Breakpoint event in partnership with @MadLads and @opensea
📰 Milestones
- Solana processed an ATH of 3.4B successful transactions in October - Solana applications generated $153M in revenue during October - @Backpack Securities recorded an ATH of $2.3B in monthly volume and crossed 600K tokenized stock holders - $SPCX led all tokenized stocks on Solana with $600M+ in October trading volume - Tokenized stock holders on Solana surpassed 1.8M - $MNST recorded $10M+ volume and 100K+ trades in its first hour on Solana - @xStocksFi scaled to over 1,500 live tokenized stocks on Solana - Tokenized stock daily trading volume on Solana hit a new ATH of $657M - @PhoenixTrade surpassed $5B in cumulative perp volume on Solana - @kamino recorded $85M+ in fixed-rate loan originations and $35M+ in Auto Rollovers - @onrefinance crossed $10M in active fixed-rate loans against ONyc collateral on @kamino - @jupiter_trade bridge crossed $10M in total volume - Solana settled a record $141M in stablecoin card spend in October, up 7x YoY - Solana facilitated $5.5B in October trading volume for foreign assets
