Backpack Securities has introduced tokenized American equities on the Solana blockchain via Sunrise, allowing users to trade authentic US stocks through blockchain technology. This platform connects traditional equity ownership with digital token representation, supporting features like dividends and corporate governance. Full brokerage services are planned for launch in June 2026, integrating conventional stock market infrastructure with decentralized finance capabilities. This move marks Backpack's expansion from cryptocurrency services into regulated securities and asset tokenization, positioning it in the growing tokenized equity market.
In May 2026, Solana generated $91 million in application revenue, outpacing Ethereum's $52 million and other blockchains like Hyperliquid and Polygon. This revenue reflects fees from decentralized apps, indicating strong real economic activity on Sol...
Solana (SOL) is entering its ninth consecutive red monthly candle, a historic first, signaling a critical phase in its price decline. The $80 to $50 range is identified as a key accumulation zone where buyers might step in to form a long-term base. A...
Bitcoin dropped over 3.8% to below $70,000, hitting multi-week lows after MicroStrategy sold 32 BTC worth $2.5 million to pay preferred stock dividends, marking its first public bitcoin sale since 2020. This sale, though small relative to MicroStrate...
Solana's decentralized exchange (DEX) trading volume plummeted about 82% in two weeks, dropping from $104.3 billion to $18.8 billion, driven by a sharp decline in new meme coin launches that once fueled speculative trading. The largest DEX, Meteora, ...
Solana's price remains around $79.50, trapped in a $76-$90 range with network users dropping from 3 million to under 2 million and declining decentralized exchange activity. The token has recorded an unprecedented 8 consecutive red monthly candles, s...
