Solana

As competition intensifies among wallet providers and transaction volume dividends wane, Phantom has emerged as a Web3 super unicorn with a $3 billion valuation. This article offers a comprehensive analysis of Phantom’s journey from its initial success on Solana to its multi-chain expansion strategy. It examines how Phantom seeks a second growth curve by leveraging stablecoins, debit cards, and prediction markets. The discussion also addresses the real-world challenges independent wallets face amid increasing pressure from exchange-backed platforms, and considers possible endgame scenarios for the sector.

As the wallet sector experiences stronger winner-take-all dynamics and transaction volume growth slows, Phantom has achieved super-unicorn status in Web3 with a $3 billion valuation. This article provides a comprehensive analysis of Phantom’s path from its initial success on Solana to its multi-chain expansion. It breaks down Phantom’s strategy for pursuing a second growth curve through stablecoins, debit cards, and prediction markets. The discussion also addresses the practical challenges and future prospects facing independent wallets as they contend with mounting competition from exchange-backed platforms.

This report provides a deep analysis of the rapidly emerging private automated market makers—Prop AMM—within the Solana ecosystem. The study shows that Prop AMM now accounts for 20%–40% of Solana DEX weekly volume and has captured over 80% market share in core SOL-Stablecoin pairs. The report dissects the core mechanisms of Prop AMM, including its “Oracle + Solver” hybrid pricing model, MEV resistance, and elimination of impermanent loss, and compares the strategies and performance of leading players such as HumidiFi and Tessera V, revealing the professional moat built through proprietary capital, closed strategies, and ultra-tight spreads.

Solana is now the third cryptocurrency, following Bitcoin and Ethereum, to secure approval for a U.S. spot ETF. It attracted nearly $200 million in its first week. Bitwise and Grayscale are engaged in direct competition on Wall Street, and Western Union’s adoption of Solana as global payment infrastructure represents a significant industry milestone. This article thoroughly examines the regulatory shakeup behind the Solana ETF, advancements in staking yield mechanisms, and the institutional capital power struggle. It further clarifies how financialization and infrastructure adoption are elevating Solana from its reputation as a “meme narrative” to that of a foundational asset in the new Wall Street landscape.

This article offers a comprehensive look at Solana’s strategic shift as it transitions from being a high-performance public blockchain to serving as a global financial infrastructure. It explores Solana’s approach and potential in stablecoins, real-world assets (RWAs), payments, and institutional adoption. The article also uncovers the fundamental logic behind its journey toward financialization.

The article examines Western Union's transition from cautious observation to proactive engagement, explores the rationale behind selecting the Solana blockchain, and discusses the potential implications of this decision for the cross-border payments industry.

The article examines the architectural innovations of the Percolator sharded perpetual contract protocol framework, and also discusses the significant attention and support Solana Labs has dedicated to Perp Dex, along with Solana’s continued commitment to performance optimization.

The Solana Chinese Name campaign unexpectedly gave rise to the breakout meme coin "索拉拉." Its market cap increased tenfold within just a few hours. Powered by the Trends.fun platform, creators were able to monetize memes for the first time. The platform's "information tokenization" model redefined the ICM concept, transforming tweets into tradable assets and introducing a new type of content capital market. This ushers in a new era for the meme economy.

Southeast Asia Non-USD Stablecoin Market Report Q2 2025: XSGD Dominates, Political and Regulatory Diversity, DEX Trading Volume Plummets, But Active Addresses and User Engagement Rise Steadily, Revealing the Potential and Challenges of Local Stablecoins in Cross-Border Payments and Financial Inclusion.

Kyle Samani, co-founder of Multicoin, announced that he will lead a $1.65 billion PIPE financing to support Forward Industries in establishing a Solana treasury company. He believes that SOL possesses attributes lacking in BTC and ETH, as it can generate real yields through staking and DeFi, and demonstrates unique advantages within the Digital Asset Treasuries (DAT) model.

Galaxy Digital, Jump Crypto, and Multicoin Capital are raising $1 billion to create the largest Solana reserve in the world. Although SOL has recently dropped by 12%, ongoing institutional investment could reduce available supply. This may reshape the asset reserve model for public blockchains.

The recent slowdown in block production on the Solana network is not due to a technical failure, but rather validator “delayed packing” aimed at maximizing profits. Projects like Jito, Marinade, and Anza are working on protocol-level solutions—including governance-based penalties and shorter grace periods—to restore the network’s performance and efficiency.

The article provides a detailed overview of Solana’s latest developments across four key Real-World Asset (RWA) categories—yield-bearing assets, tokenized public equities, non-yielding assets, and infrastructure providers—and illustrates through concrete examples how Solana is attracting both institutional and retail participants to on-chain RWA trading.

This article analyzes the staking reward mechanism and compliance significance of the first Solana Spot ETF in the United States, discussing its far-reaching impact on the legalization of alts, institutional fund inflows, and Layer 1 networks.

This article deeply analyzes how Solana's emerging Launchpad Cooking.City establishes a fair and transparent token launch ecosystem through trading incentives, price protection, and developer commitments.