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According to PANews, Pine Analytics has released a report highlighting a significant shift in Solana's DeFi ecosystem from public, passive liquidity pools to private execution decentralized exchanges (DEXs). New DEXs such as SolFi, Obric v2, and ZeroFi, despite lacking front-end interfaces, are handling 40-65% of on-chain transaction volume through the Jupiter aggregator. These DEXs employ four core design principles: executing trades exclusively through the Jupiter aggregator, utilizing real-time oracle-based pricing, using private funds instead of public liquidity pools, and offering selective quotes based on inventory. This model effectively mitigates MEV attacks and toxic order flows, showing notable advantages in major trading pairs like SOL and stablecoins. Solana's current architecture, characterized by a single leader and MEV auctions, places public quotes at a disadvantage. However, upcoming upgrades, such as concurrent leaders, may alter this scenario. While the private market-making model enhances execution efficiency, it also reduces the openness and composability of DeFi. This evolution reflects Solana's ecosystem gradually developing a unique liquidity supply method that aligns with its technical architecture.

According to Odaily, Eugene Ng Ah Sio shared on his personal channel that he has purchased SOL at a price of $169, expressing confidence in its potential. He stated that SOL remains the best proxy indicator for assessing risk appetite in the altcoin market. Ng Ah Sio believes that once Bitcoin surpasses key resistance levels, SOL will be among the first assets anticipated to reach new highs.

According to BlockBeats On-chain Detection, recent data from Nansen reveals that Solana has the highest number of active addresses among public blockchains over the past week, with 24.26 million. Following Solana, BNB Chain had 7.512 million, Tron reached 5.863 million, and Aptos reported 4.241 million active addresses.

According to BlockBeats, Alameda Research recently unstaked 187,625 SOL, valued at approximately $32.2 million. This transaction was detected by The Data Nerd around nine hours ago. The move comes amid ongoing developments in the cryptocurrency market, highlighting the dynamic nature of digital asset management.

According to PANews, Onchain Lens has reported that a major whale or institution has unstaked 103,040.6 SOL, valued at $17.7 million, after a month of inactivity. Despite this move, the whale still retains a substantial holding of 3,369,634 SOL, worth approximately $584.09 million.

According to Foresight News, Solana co-founder Toly recently expressed on X that underlying Layer 1 (L1) protocols should be sufficiently flexible to allow applications to compete in their business operations. He noted that if applications can drive business growth through differentiated priorities, they will pursue such strategies. However, if an L1 hinders their growth, they are likely to migrate away from it. Toly emphasized that this concept is straightforward, stating that preventing applications from trying ideas they believe could aid growth, even if deemed bad, may also encourage them to leave the L1.

According to Foresight News, the Solana ecosystem's liquid restaking protocol, Fragmetric, announced on X that its total value locked (TVL) has exceeded $200 million. This milestone highlights the growing interest and investment in Solana's decentralized finance (DeFi) space. Fragmetric's achievement reflects the broader trend of increasing adoption and innovation within the blockchain sector.

According to Foresight News, Solana-based lending protocol Loopscale has released a report on a recent security incident. An attacker exploited a pricing logic flaw to borrow 5,726,700 USDC and 1,211.4 SOL. All funds have been successfully recovered through negotiations. The incident was caused by a code path that inadequately verified the price of RateX PT tokens, which was deployed without a third-party audit. Loopscale has apologized for the breach and committed to enhancing security measures. These measures include mandatory third-party audits, launching a bug bounty program, increasing multi-signature authorization, and setting borrowing and withdrawal limits.

SOL price eyes a breakout as stablecoin supply and DeFi activity hit record highs on the Solana blockchain.Solana’s (SOL) bullish momentum may have paused after peaking at $156 on April 25, but fresh data from the network’s ecosystem suggests another leg up could be imminent. A confluence of technical and fundamental indicators — including a bull flag chart pattern and surging stablecoin market cap — support a potential rally toward $220.Solana Stablecoin Market Cap Hits Record $13 BillionStablecoin issuance on the Solana blockchain has soared 156% year-to-date, reaching a new all-time high of $13 billion. The majority of this growth is driven by Circle’s USDC, which commands a 77% share of Solana’s stablecoin market.Stablecoins are the backbone of decentralized finance (DeFi) on Solana, providing liquidity and fueling onchain transactions. As demand rises for these assets, SOL — the native token used for fees and staking — experiences increased utility, historically correlating with price gains.Between December 2023 and August 2024, SOL rallied 230%, alongside a 160% surge in stablecoin inflows, from $1.55 billion to over $4 billion — highlighting the impact of liquidity on price momentum.Solana TVL and DEX Volume Lead the MarketSolana has also strengthened its position as a top DeFi chain, with Total Value Locked (TVL) climbing from $6.1 billion to $7.65 billion over the past month — a 25% increase. Key DeFi applications driving this growth include:Sanctum (Liquid staking): +44% in depositsJito and Kamino: +25% TVL increaseSolana now ranks first in daily decentralized exchange (DEX) volumes, processing $2.61 billion daily — ahead of both Ethereum and BNB Chain. It currently holds a 27.7% share of all DEX volume across blockchains, cementing its dominance in trading activity.In addition, Solana’s daily transaction count has jumped 25% month-over-month, reaching 57.7 million transactions — another sign of growing network activity and adoption.Technical Chart: SOL Bull Flag Eyes $220 TargetOn the technical side, SOL has formed a bull flag pattern on the daily chart — a bullish continuation setup that typically precedes a breakout.The pattern forms during a period of downward consolidation after a strong upward move, followed by a breakout above the upper trendline. In Solana’s case, a successful breakout could send SOL price toward $220, representing a 53% gain from the current level of $145.93.Key Support and Resistance LevelsSupport zone: $120 – $130Intermediate target: $178Bull flag breakout target: $220Crypto analyst RisHad emphasized that SOL needs to hold above the $120–$130 region to maintain bullish momentum, according to Cointelegraph.TL;DR – Why Solana Could Rally to $220Stablecoin market cap hits record $13BTVL jumps 25% in one monthDEX volume leads market with 27.7% shareBull flag pattern targets $220 breakout

According to Cointelegraph, Solana's stablecoin supply has experienced a significant increase in 2025, rising by 156% to surpass $13 billion, marking a new all-time high. This surge underscores Solana's growing influence in the decentralized finance (DeFi) ecosystem, where stablecoins play a crucial role in driving liquidity and increasing demand for Solana's native token, SOL. Circle's USDC remains the preferred stablecoin for Solana users, holding a 77% market share. Historically, increased stablecoin inflows have been associated with price rallies, as evidenced by a 230% rise in SOL's price between December 2023 and August 2024, which coincided with a 160% increase in stablecoin inflows. Solana's total value locked (TVL) has also seen a notable rise, growing from $6.1 billion on April 9 to $7.65 billion by May 6, reflecting a 25% increase in less than a month. This growth positions Solana as the second-largest blockchain in terms of TVL and the leader in decentralized exchange (DEX) volumes. The network's daily transaction count has increased by 25% over the past month, reaching 57.77 million transactions. Solana commands a 27.7% market share in DEX volumes, surpassing competitors like Ethereum and BNB Chain, which hold 18% each. Positive developments include a 44% increase in deposits on Sanctum, a liquid staking application, and 25% growth on platforms like Jito and Kamino. The price of SOL has formed a bull flag pattern, a bullish chart setup that suggests potential upward movement. This pattern typically resolves when the price breaks above the upper trendline, potentially pushing SOL's price target to $220, a 53% increase from its current level. Crypto analyst RisHad notes that SOL needs to maintain support between $120 and $130 to enhance the likelihood of reaching $178 and beyond. However, it's important to note that this article does not provide investment advice, and readers should conduct their own research before making any investment decisions.

According to BlockBeats, recent data from Nansen reveals that Solana has emerged as the leading blockchain in terms of active addresses over the past week. Solana recorded 24.215 million active addresses, significantly surpassing other blockchains. Tron followed with 5.851 million active addresses, while Base registered 5.42 million. BNB Chain and Aptos rounded out the top five with 5.243 million and 4.889 million active addresses, respectively.

According to PANews, the Solana Foundation has announced the successful resolution of a critical zero-day vulnerability affecting the confidential transfer feature on its network. Discovered on April 16, the foundation swiftly coordinated with validators to update the network, completing the fix within two days. The vulnerability was linked to the ZK proof system used for verifying confidential transfers of Token-2022 standard tokens. If exploited, attackers could theoretically forge proofs to mint unlimited amounts of specific tokens or steal them from user accounts. The Solana Foundation chose not to disclose the vulnerability until the fix was implemented to ensure security. There is currently no evidence that the vulnerability was exploited, and all user funds remain secure. The foundation also noted that while the confidential transfer feature has been available for some time, its adoption rate is currently low.

According to Foresight News, Onchain Lens has reported that four newly created wallets associated with PumpFun (@pumpdotfun) have sold 111,993 SOL tokens. The sale was conducted at a price of $150.8 per SOL, resulting in approximately $16.89 million in USDC and USDT.

According to PANews, Loopscale announced on its official Twitter account that all 5,726,725 USDC and 1,211 SOL, which were stolen on April 26, have been successfully recovered. The company assured that user deposits were not affected by the incident. The team plans to release further details regarding vault withdrawals in the near future.

Unichain, Tron, BNB Chain, and Base Follow in Top FiveAccording to the latest data from Nansen, Solana (SOL) has secured the top position in public chain activity over the past seven days, recording 26.543 million active addresses.The data highlights continued user engagement across multiple blockchains, with Unichain, Tron, BNB Chain, and Base completing the top five in terms of active address counts.Public Chain Activity Rankings (April 21–28, 2025)RankPublic ChainActive Addresses (7 Days)1Solana26.543 million2Unichain5.805 million3Tron5.47 million4BNB Chain5.236 million5Base4.752 millionAnalysisSolana continues to dominate public blockchain activity, benefiting from high transaction speeds, low costs, and increased usage in DeFi, NFTs, and gaming ecosystems.Unichain and Tron maintain competitive levels of engagement, reflecting their strong presence in stablecoin transactions and cross-border applications.BNB Chain and Base demonstrate steady adoption as part of broader ecosystem expansions tied to Binance and Ethereum Layer-2 scaling, respectively.The ranking highlights a diversified and competitive landscape among leading public chains, with Solana maintaining a substantial lead.

According to BlockBeats, data from DeFiLlama reveals that Solana's decentralized exchange (DEX) trading volume reached $19.359 billion over the past week, marking a 23.53% increase. This figure surpasses Ethereum's $12.105 billion, positioning Solana as the leading public blockchain in terms of DEX trading volume. BNB Chain follows in third place with $8.813 billion.

Nasdaq-Listed Firm Shifts Focus to Crypto After Leadership OverhaulDeFi Development Corp — formerly known as Janover — has filed a Form S-3 registration statement with the U.S. Securities and Exchange Commission (SEC), announcing its intention to raise over $1 billion to invest in Solana (SOL) and cover general corporate expenses.The move signals a major strategic pivot by the Nasdaq-listed company, which transitioned from a real estate financing platform to a crypto-focused enterprise following a leadership change earlier this month.Solana Treasury Strategy Echoes Bitcoin Treasury ModelsAccording to the SEC filing, DeFi Development plans to use proceeds from the offering to purchase Solana tokens, aiming to accumulate a substantial on-chain treasury reserve. The company cited staking rewards and potential price appreciation as the primary motivations behind the investment strategy, although it also cautioned that volatility could result in significant valuation fluctuations."Solana does not pay interest, but staking rewards can be earned," the filing states. "The ability to generate a return... will depend on whether there is appreciation in the value of Solana."The firm’s board approved the Solana treasury policy on April 4, authorizing long-term accumulation and the establishment of Solana validators to stake treasury assets. Parker White, DeFi Development’s Chief Investment Officer and former Kraken executive, currently operates a Solana validator managing $75 million in delegated stake.The model closely mirrors the public-market treasury approach made famous by Strategy (formerly MicroStrategy), which has amassed more than 538,200 Bitcoin as of April 2025.Regulatory Risks Highlighted in SEC FilingDespite its ambitious plans, DeFi Development acknowledged significant regulatory risks tied to crypto asset investments. The company warned that unclear regulatory frameworks could impact the price of Solana and the market value of its common stock.One key concern outlined in the filing is the possibility that Solana could be reclassified as a security under U.S. law, potentially subjecting the firm to investment company regulations under the Investment Company Act of 1940."We may be subject to regulatory developments related to crypto assets, which could adversely affect our business, financial condition, and results of operations," the filing noted.Share Price Impact and Industry ReactionDeFi Development’s crypto-focused pivot has had a positive short-term impact on its share price. Following the company’s April 22 announcement that it had added $11.5 million worth of Solana to its treasury, its stock price rose by over 12%.Industry figures have praised the move. Chris Chung, founder of Solana-based platform Titan, described it as "groundbreaking" and suggested more traditional businesses may follow suit as digital assets become more widely adopted in mainstream finance, according to Cointelegraph.

According to BlockBeats, data from Solscan indicates that the circulation of USDC on the Solana blockchain has exceeded 10 billion tokens. The current reported figure stands at 10,443,337,954.43 tokens.

According to Odaily, during the 2025 Solana Crossroads Conference, panelists reached a consensus on the future reintroduction of the SIMD-228 proposal, which aims to reduce Solana's inflation rate by up to 80%. The proposal is expected to be presented in a revised form and is likely to pass. Participants in the discussion included representatives from Marinade DAO, Step Finance, and Kiln Finance, who explored the potential impacts of the proposal on Solana's token economic model and validator incentive mechanisms.

According to BlockBeats, DeFi Development Corporation, a publicly traded company on the U.S. stock market, has announced an additional purchase of 65,305 SOL tokens, valued at approximately $9.9 million. This acquisition raises the company's total SOL holdings to 317,273 tokens, with an estimated value of $48.2 million.