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Breakpoint announcements cap off another big week for Solana where TradFi meets internet capital markets.
Market Overview
Prices may be down across all of crypto, but Solana and its ecosystem keep on shipping. Look no further than the recently concluded Solana Breakpoint Conference in Abu Dhabi, and the fact that it survived the fourth-biggest DDoS attack in history with “zero impact.”
Crypto charts remain gloomy, with Bitcoin struggling to bounce back after slipping 7% to $86,300. Degens were rekt, losing nearly $600 million in liquidations in 24 hours.
In the end, the sector’s market slumped 9% to $176 billion while trading volume took a deeper dive, plunging 30% to $11.6 billion.
- Visa just flipped the switch on USDC settlement for U.S. banks on Solana, with Cross River and Lead Bank already live. Institutional stablecoin rails are here, and a broader rollout is lined up for 2026.
- CME expanded its crypto suite with spot-quoted Solana futures, offering real-time price exposure through its smallest contracts yet.
- State Street and Galaxy are bringing tokenized cash to Solana with a 24/7 on-chain sweep fund, backed by a $200 million seed from Ondo Finance. The SWEEP fund will run on PYUSD and is set to launch on Solana in early 2026.
And the Solana Breakpoint 2025 announcements provided all the toppings to cap off the week.
Breakpoint 2025’s Biggest Announcements
Last week, Solana’s annual flagship conference Breakpoint had its fourth edition in Abu Dhabi (following previous years in Lisbon, Amsterdam and Singapore), and it was bigger and better than anything we’ve seen to date, despite a muted market. Breakpoint 2026 is set to take place in London.
ICYMI, here are some announcements from the Etihad Arena in Yas Island that got purple-pilled maxis pumped:
- Firedancer finally went live on the Solana mainnet after three years of development, already producing 50,000 blocks and pushing the network toward 1 million TPS.
- Phantom is adding Kalshi-powered prediction markets for 20 million users directly inside the wallet.
- Solana Mobile will integrate its stack at the Android device chipset level, and launch its Seeker (SKR) airdrop in Q1 2026.
- Solflare, who together with Bonk had a spectacular drone-powered closing party show that came with a crazy QR code airdrop, announced Magic AI, an AI-powered wallet assistant to simplify transactions.
- Coinbase is expanding to Solana with native DEX trading for Solana assets inside its app.
- The Solana Foundation is building a permissionless bridge to the XRP Ledger to plug Solana into the XRPFi ecosystem.
- R3 plans to launch the Corda Protocol on Solana to let asset managers issue tokenized real-world assets on-chain.
Solana’s Performance This Week
SOL is down 8% week-on-week after sliding to $128.
L1 Ranking Update
Solana’s total value locked (TVL) dropped slightly to $8.72 billion, but the biggest changes were below the pack, with Tron flipping Base in fifth position.
Solana’s weekly DEX volume dipped 3% while the 30-day cumulative figure fell marginally to $95 billion.
Biggest Winners & Losers
Top Performers
Solana’s big gainers cooked, with the top six blasting over 100% gains week-on-week.
Biggest Losers
Latest Solana News
Solana Gets Stress Tested at Scale
Solana shrugs off an industrial scale 6 Tbps DDoS attack with minimal impact—a real-world stress test that highlights the network’s robustness and maturity.
Wall Street Goes On-Chain
JPMorgan executes a $50 million tokenized corporate bond issuance for Galaxy Digital on Solana. It marks one of the earliest U.S. on-chain debt deals on a public blockchain.
Solana Hits Brazil’s Stock Market
Solana lands on Brazil’s B3 exchange. Valour launches the VSOL ETP, giving investors regulated access through traditional capital markets.
What You Can Do Now
- Reduce leveraged exposure until market conditions improve.
- Track Solana channels for Breakpoint announcement updates.
- Secure your wallet and verify activity while Solana handles a DDoS attack.
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