While Wall Street was closed, Solana stayed open for business 🔔
This week, pump raised $600M in 12 minutes, Bullish announced they’re moving their core infra to Solana, and CME SOL futures surpassed $4B volume. Here’s what you might’ve missed:
- Solana continued humming along during high demand, with $448M raised onchain out of $600M total for @pumpdotfun’s token offering in just 12 minutes.
- @Bullish, the crypto exchange with over $1.4T volume, announced they’ll migrating their core infrastructure to Solana-native stablecoins to power custody, payments, trading, and settlement
- Minna Bank, a subsidiary of Fukuoka Financial Group, announced that they're working with @FireblocksHQ and TIS to study payments, tokenized real world assets, and settlement powered by Solana
- SOL futures surpassed $4B traded on one of the world's largest regulated derivatives exchanges, @CMEGroup
- @Crossmint launched a new wallet SDK built from scratch for stablecoins and fintech with Solana support baked in ft. sponsored gas, no vendor lock-in, and more
- @GUNbyGUNZ launched on Solana, bridging to Solana’s high powered DeFi ecosystem
- @blockworksres’s @0xSharples released a new launchpad dashboard covering revenue, token launches, volume, and users across launchpads like @pumpdotfun, @bonk_fun, @raydiumprotocol, @believeapp, @Moonshot, @MeteoraAG, and many more
- Vibe coders rejoice: @solana_devs MCP server implementation went open source
- @garden_finance’s trustless Bitcoin bridge launched Solana support, enabling fast BTC bridging to Solana
- Total deposits on @KaminoFinance surpassed $4B, a huge milestone for Solana DeFi
- @0xMert_ announced he’s launching another podcast by a bald founder, with Accelerate coming to a pod near you
- @heliuslabs dropped a banger report on the state of Internet Capital Markets on Solana
Probably missed a dozen more drops. Let us know what else shipped and have a beautiful week ahead 🫡
One of Japan’s first digital banks is exploring stablecoins on Solana 🇯🇵
Minna Bank, a subsidiary of Fukuoka Financial Group, is working with Fireblocks and TIS to study payments, tokenized real world assets, and settlement powered by Solana https://www.ledgerinsights.com/japans-minna-no-bank-plans-stablecoin-exploration-on-solana/
The crypto exchange with over $1.4 trillion in trading volume is migrating their core infrastructure to Solana-native stablecoins to power custody, payments, trading, and settlement.
"Visa and Mastercard generated a combined $64B in revenue across 400B transactions last year. If these 400B transactions were executed on Solana, total fee revenue would be closer to $400M, a 99% reduction in cost to merchants." -@FoundationCap
The healing of the world starts by one person saying loudly, so the whole world can hear, an important true thing that he knows he's not supposed to say and that he knows will get him in trouble for saying it. Such courage is contagious.