Nasdaq listed it, Solana moved it. A drone defense company did more volume onchain than on its home exchange, while Fise | Hanami
Nasdaq listed it, Solana moved it. A drone defense company did more volume onchain than on its home exchange, while Fiserv plugged in 90+ banks and credit unions. Q3 app revenue hit $365M, the tenth straight quarter Solana has led.
Here’s everything that happened this week:
📰 Headline News
- @Fiserv’s digital asset platform launched on Solana, enabling Roughrider Coin transfers across 90+ banks and credit unions
- @openstandard’s OUSD launched on Solana, with reserves at BlackRock, Lead Bank, and BNY
- Solana led app revenue for the 10th consecutive quarter, generating $365M in Q3, up 42.6% QoQ
- Tokenized Powerus ($PUSA) shares did more volume on Solana than on Nasdaq, day after listing via @sunrise and @Backpack Securities
📰 Launches
- Solana’s tokenized-equity holders reached an ATH of 1.2M, with 775K joining in September
- @sunrise brought Coinbase’s wrapped Cardano asset, cbADA, to Solana via @Chainlink CCIP
- @domaprotocol opened Frontier on Solana via @Loopscale, bringing tokenized domains onchain
- @FermiTrade launched an onchain perp DEX with verifiable first-in, first-out order matching
- @Sirius_Protocol went live with private spot and perps trading, keeping positions off the public feed
- @cloak_ag launched private payroll with spreadsheet uploads and one-click payouts
- @metaplex introduced MPL-3643, a standard for permissioned RWAs and tokenized securities with built-in compliance
- @BackpackOnchain added Solana v1 transaction support for more complex trading routes and DeFi interactions
- @jup_mobile introduced the Claynosaurz x Jupiter Card with 2% cashback, full FX fee rebates through 2026
- @DecryptMedia and @MyriadMarkets introduced The Information Exchange, connecting news and markets
- @useKled unveiled Kled V3 for collecting real-world consumer datasets in under 72 hours, powered by Solana payments
- @flint_trade_ announced its onchain perp DEX on Solana
- @proto_xyz previewed markets for trading exposure to rental GPU power usage, targeting Q4
- @DGLD_Official teased a Solana expansion for its token backed by physical PAMP gold stored in Switzerland
- @solana_devs introduced Solana Scholars, offering funded three-month research internships for PhD students
- @joinfrontier wrapped its Seoul edition, with Solana Summit Singapore next on October 6
- @SolanaEvents confirmed the next wave of Breakpoint 2026 speakers
📰 Milestones
- Solana’s September app revenue reached a nine-month high of $180M, accounting for 32% of revenue across chains
- Solana led spot DEX volume for the fifth consecutive quarter with $197B in Q3, up 16.6% QoQ
- @xStocksFi recorded $1.8B in September trading volume on @Raydium
- @Raydium crossed $6B in cumulative tokenized-stock trading volume
- @byreal_io surpassed $5B in total trading volume on its first anniversary
- @nansen_ai hit weekly ATH for x402 transactions on Solana, with payment volume exceeding all other networks combined
- Tokenized stocks pledged as collateral on @kamino exceeded the scale of any other chain by more than 3x
If you enjoyed this week’s newsletter, please share it with an RT.
Artwork by nub