Solana is working to increase institutional use of stablecoins and tokenized assets amid a decline in its share of onchain perpetual-contract trading volume, which fell from 17% to 6%. The network aims to expand beyond meme-coin speculation by attracting mainstream financial players like JPMorgan, Morgan Stanley, Standard Chartered, Visa, and Fiserv. Despite these efforts, Solana's price has dropped nearly 20% this year, and related ETFs have seen about $50 million in outflows over two weeks in October. The weak crypto market and competition from platforms like Hyperliquid pose challenges to Solana's growth in financial applications.
Solana's price on Pluang is Rp1.863.969 as of Oct 29, 2026 05:51 WIB, showing a 1-day gain of 2.05%, contrasting with its nearly 20% drop this year mentioned in the article. Despite the decline in its perpetual trading share, Solana maintains a market cap of Rp1.098,17 trillion and a 24-hour trading volume of Rp47,63 trillion on Pluang. The platform data highlights a stronger buying interest with 64% buy orders and a typical hold time of 72 days, suggesting steady investor engagement amid the challenges noted in the news.
Solana introduced the BP Badge, a programmable hardware device for attendees at Breakpoint 2026 in London. The badge lets users build apps, complete quests, trade digital cards, and earn rewards using a game currency called !LAMPs. It runs on an ESP3...
Jupiter, a finance platform on Solana, and BitGo have launched an institutional validator allowing BitGo's institutional clients to stake SOL tokens through Jupiter using their existing custody accounts. This integration simplifies the staking proces...
Solana co-founder Anatoly Yakovenko responded to objections from over 30 major companies, including Goldman Sachs and Microsoft, against trading tokenized versions of their shares on blockchain. The SEC's five-year trial framework allows public compa...
On October 28, the total value of crypto assets fell 2.15% to $2.72 trillion, even as Bitcoin and five other large tokens, including Ether, XRP, BNB, Solana, and Dogecoin, posted gains. Bitcoin rose 0.68% to $80,738, while Ether increased 0.48% to $2...
Solana's share of trading volume on cross-chain trading terminals reached 81% last week, marking its highest level in 17 weeks. This data reflects activity from decentralized exchanges and automated trading bots, mainly driven by high-frequency trade...
