Major Protocols and Products
- Metaplex Genesis: A new protocol for onchain token offerings, Genesis provides configurable launch tools, fair launch mechanisms, onchain token economics, airdrop/claim features, and liquidity management. It is designed for launchpads and applications to integrate directly, with developer support from the Metaplex Foundation.
- Solana Attestation Service (SAS): Launched by the Solana Foundation and Solana Identity Group, SAS is an open protocol for issuing and verifying off-chain credentials linked to on-chain wallets. It supports KYC, geographic eligibility, and DAO reputation systems, aiming to streamline compliance and identity management for developers.
- Solana Mobile SKR Token: Solana Mobile announced the SKR token as the native asset for its mobile ecosystem, with allocation plans for builders and users. The launch coincides with the upcoming shipment of Seeker devices in August 2025.
- xStocks by Backed: Tokenized shares of select US stocks and ETFs are now available on Solana, with trading support from Bybit and Kraken for non-US users. Chainlink provides oracle infrastructure, and partners include Kamino, Raydium, and Jupiter.
- Marinade Select: A new staking product enabling users to stake SOL through a vetted set of institutional-grade validators, focusing on compliance and security without compromising decentralization.
- Kamino Lend V2: This protocol upgrade introduces curated earn vaults, a modular markets layer for customizable risk, and margin leverage features. It also plans to launch leveraged-yield products and RWA-specific infrastructure.
- Drift Institutional: A white-glove service for institutions to onboard real-world assets (RWAs) to Solana, with the first institutional pool scheduled for Q2 2025.
DeFi, DEX, and Launchpad Innovations
- Letsbonk.fun vs. Pump.fun: Letsbonk.fun has rapidly overtaken Pump.fun as the leading Solana memecoin launchpad, capturing over 65% of token launches and significantly increasing daily trading volume and market cap share.
- PancakeSwap v3 on Solana: PancakeSwap’s v3 AMM is now live on Solana, enabling efficient token swaps and liquidity provision through Solana-based pools[^9].
Infrastructure and Integrations
- Bullish Exchange Integration: Bullish Exchange is integrating Solana-native stablecoins as primary digital assets, expanding data coverage and tooling for Solana tokens and stablecoins.
- Solana MCP Server Open Source: The Solana Developers team has open-sourced the MCP server implementation, enhancing protocol management and transparency.
- Coin98 Proactive Protection: Coin98’s Proactive Protection now supports wallet checks on Solana, powered by Coin98 AI.
Community and Ecosystem Highlights
- Superteam India: June 2025 saw a surge in hackathons, product launches, and ecosystem contributions, including DeFi betas, private swaps, and new mobile and gaming projects.
- Wallet Connect (WCT) Airdrop: The WCT airdrop claim is live for top Phantom, Jupiter, Backpack, Solflare, and Solana Mobile users, as part of the WCT token expansion and Solana launch.
- Solana Name Service (SNS) Token: The SNS token, a community token for .sol domain holders, is launching with a large airdrop and ecosystem allocation.
Notable Software Releases
- Jito-Solana Client Updates: Multiple new versions (v2.2.16, v2.2.17, v2.2.18, v2.2.19) have been released, pulling in upstream changes from Solana and improving client performance.
- Heima v0.9.25-03: This release includes updates for Solana and BSC integration, new API features, and enhanced testing.
- ZetaChain v32.0.1: Introduces Solana outbound performance improvements.
These launches and updates reflect a vibrant and rapidly evolving Solana ecosystem, with significant activity in DeFi, staking, tokenization, compliance, and developer tooling.
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