Solana | Crypto

Turns out the Cetus developers have been here before, as their hacker deal once saved Crema on Solana. The bounty offer to recover stolen funds from Sui-based decentralized exchange (DEX) Cetus closely resembles a successful strategy used by a Solana project three years ago. It turns out that Cetus shares the same development team as Crema Finance, a Solana-based DeFi project that suffered a $9-million hack in 2022 but recovered most of the funds by negotiating with its hacker. Now, Cetus is relying on the same strategy. Cetus is asking the hacker to return all but $6 million, or 2,324 Ether (ETH), of the stolen funds in exchange for a promise not to pursue legal action. The protocol lost $223 million to an exploit on May 22. Read more

Memecoin trading activity on Solana is tracking Bitcoin’s recovery, with the average daily trading volume rising 46% between April and May. According to Blockworks data, monthly trading volume for memecoins on Solana was $58.7 billion as of May 21, already over $1 billion higher than the volume registered in April. Additionally, memecoins accounted for 64.6% […] The post Solana memecoin average daily volume surges 46% in May, echoing Bitcoin’s recovery appeared first on CryptoSlate.

It's nearly all green across the crypto markets Thursday as Bitcoin nears $112,000, propelling the likes of Ethereum, Solana, and Dogecoin.

Solana could be on the verge of a rally to $260, but first, SOL needs to push through a tough overhead resistance level. Key takeaways: Solana’s bull flag pattern projects a rally to $260, but low spot buy volumes have analysts advising caution. After briefly dropping to $160 from $184, Solana (SOL) is attempting to reclaim a position above its key resistance at $180 for a second consecutive week. With Bitcoin (BTC) hitting an all-time high, market speculators are banking on eventual capital rotation, which could pump major altcoins like SOL toward new highs. Read more

Solana is gaining momentum in the fast-growing tokenized real-world asset space as traditional finance and DeFi gets increasingly intertwined.

Kraken is preparing to roll out a new product that will allow users in select countries outside the US to trade tokenized versions of major American stocks and ETFs 24/7. According to the May 22 announcement, the offering will include names such as Apple, Tesla, and Nvidia, with plans to expand the selection over time. […] The post Kraken to launch 24/7 trading for tokenized US stocks via Solana appeared first on CryptoSlate.

Solana Mobile revealed it will ship its Seeker smartphone with a new token called SKR, which will serve as the “native token of the Solana Mobile economy,” according to a May 21 announcement. The firm also confirmed that the smartphone will begin shipping on Aug. 4. Seeker is the second generation of the Saga smartphone, released in […] The post Solana’s new Seeker phone ships with SKR token as economic engine appeared first on CryptoSlate.

In Q1 2025, DeFi TVL decreased 64% QoQ to $6.6 billion, though TVL (SOL) rose 18%, maintaining Solana’s rank as the second-largest network by DeFi TVL. Chain GDP increased 20% QoQ as applications earned $1.2 billion, driven largely by speculative activity in January during the TRUMP token craze. DeFi saw an extremely active quarter as average daily DEX volume (USD) increased 40.8% QoQ to $4.6 billion, and the stablecoin market cap increased 145.2% to $12.5 billion. Network usage saw mixed results as average daily non-vote transactions grew 17% QoQ, while average daily fee payers declined 22%. The liquid staking rate increased from 9.1% to 10.4%, led by continued growth in Jito’s jitoSOL product. Infrastructure developments included the widespread adoption of the Agave V2.0 client and early mainnet deployment of Firedancer components. Governance votes on reward distribution and inflation mechanisms reflected increased stakeholder participation. Financially, SOL’s market cap fell 30% QoQ to $64 billion. Externa...

Vine Coin, JellyJelly, and now Dupe. Companies are launching Solana tokens as a way to market and fundraise their projects.

Solana price hit resistance at $180, but soaring network activity and a megaphone chart pattern could catalyze a move to $210. Key Takeaways: Solana formed a megaphone chart pattern with a potential $210 price target. Solana’s ecosystem growth highlights renewed investor interest with a $4 billion realized cap increase and 731 million transactions. Read more

Futures have become the leading price discovery vehicles in the crypto markets, and Solana’s YTD tape clearly supports this. After spending most of 2024 unloading risk, taker flows on Solana’s perpetual futures flipped directions in the second half of January. On Jan. 18, the 90‑day cumulative volume delta (CVD) reached a low of −261.75. Since […] The post Solana derivatives flip long for 83 straight days, yet SOL sits nearly 30% below peak appeared first on CryptoSlate.

Over 80% of investors are betting on the approval of a Solana and Litecoin ETF in 2025, despite the latest delay from the SEC. The US Securities and Exchange Commission (SEC) has pushed back its decision on a proposed spot Solana exchange-traded fund (ETF), with the cryptocurrency industry now looking to the deadlines for the Polkadot and XRP-based ETFs in June. The SEC pushed its decision on listing Grayscale’s spot Solana (SOL) Trust ETF on the New York Stock Exchange (NYSE) to October 2025, according to a May 13 filing by the securities regulator. The decision came the week after the SEC delayed its ruling on Canary Capital’s Litecoin (LTC) ETF, Bloomberg Intelligence analyst James Seyffart wrote in a May 5 X post. Read more

Rooted in warmth and sunshine, boosted by pop culture, the name Solana is now one of America's most popular baby names.

Solana’s rising TVL and fees support a potential SOL price rally to $200. Key takeaways: Solana's $10.9 billion TVL surpassed the entire Ethereum layer-2 ecosystem. Solana’s 30-day fee revenue ($43.4 million) rose 109% compared to the previous month. Read more

Solana (SOL) has emerged as the fastest-growing Layer 1 blockchain of 2025, surpassing Ethereum (ETH) in developer growth and gaining ground across DeFi, payments, and AI, according to 21Shares’ latest State of Crypto report. In the first two months of the year alone, Solana processed $364 billion in volume, more than Ethereum and Coinbase, and […] The post 21Shares says Solana on pace to become linchpin of digital finance appeared first on CryptoSlate.

Anatoly Yakovenko proposed a data availability layer to connect crosschain data across leading networks, boosting blockchain interoperability. Solana Labs co-founder Anatoly Yakovenko proposed a new data availability (DA) solution to improve persistent fragmentation and lack of interoperability across blockchain networks. In a May 12 post on X, Yakovenko proposed a “meta blockchain” to aggregate and order data posted across multiple layer-1 chains, including Ethereum, Celestia and Solana. “This would actually allow the meta chain to use the cheapest currently available DA offer,” Yakovenko said. Read more

Solana’s decentralized finance ecosystem is showing renewed strength after a prolonged slowdown, riding the momentum of the broader crypto market rally. Over the past week, the weekly decentralized exchange (DEX) volumes on Solana climbed to $35.6 billion, marking the highest level in over two months. This growth helped push protocol revenue to $25.9 million, according […] The post Solana network rebounds with record $35.6 billion DEX volume and 58% TVL surge appeared first on CryptoSlate.

SOL price rallied as large liquidity inflows and a boost in Solana’s DeFi activity surged. Key Takeaways: Solana's 15% surge and potential close above the 50-week EMA signal strong bullish momentum, which previously led to a 515% rally in 2024. The $120 million in liquidity bridged to Solana reflects growing network confidence. Read more

Crypto banking group Sygnum says it doesn’t expect Solana to beat Ethereum in the medium term, partly due to the blockchain’s revenues being too tied to memecoins. Solana has yet to show convincing signs that it could surpass Ethereum as the preferred blockchain for institutions, as its revenue, heavily reliant on memecoins, is considered unstable, according to crypto bank group Sygnum. In a May 8 blog post, Sygnum said that the current sentiment around Ethereum “remains poor,” with the market focused on Solana’s “transaction volumes and its recent dominance in fee generation.” However, Sygnum said “the medium-term outlook will primarily be shaped by traditional financial institutions’ platform choices to bring their product offerings,” not by sentiment. Read more

Robinhood is reportedly working on blockchain infrastructure that will enable European retail investors to trade US securities, Bloomberg News reported on May 7. According to the report, the brokerage platform is exploring a partnership with a digital asset firm to support the initiative and is considering Arbitrum and Solana as potential blockchain layers. People with […] The post Robinhood reportedly considering Solana, Arbitrum for new blockchain securities platform in Europe appeared first on CryptoSlate.