Solmate Infrastructure, a Nasdaq-listed company focused on Solana blockchain infrastructure, raised about $11.4 million through a registered direct offering of 2.3 million Class B shares priced at $4.97 each. The capital raise, closing around May 27, 2026, will support Solmate's development of Solana staking, validator operations, and infrastructure projects, particularly in Abu Dhabi. This funding allows Solmate to maintain its Solana token holdings without selling them, preserving its strategic exposure to Solana while covering operational costs. The move reflects Solmate's strategy to leverage equity capital at a premium rather than liquidate digital assets, reinforcing its position as a Solana treasury and infrastructure company.
Ethereum spot ETFs saw $104 million in outflows on May 7, while Solana ETFs recorded $1.12 billion in inflows over 11 consecutive days, highlighting a clear institutional rotation within crypto assets. This shift shows investors are now making more s...
SOL Strategies acquired Zyga, a zero-knowledge proof system built natively for Solana, for $1.2 million to enable private trade execution and regulatory compliance for institutional users. Zyga protects trades from front-running bots and supports zkK...
Solana (SOL) is maintaining its price above $85 as it undergoes testing for the Alpenglow network upgrade and experiences renewed inflows into Solana ETFs, indicating growing institutional interest. The Alpenglow upgrade aims to improve transaction f...
Hyperliquid controls 66-73% of decentralized perpetual futures trading, processing about $50 billion weekly, far outpacing six competing Solana-based venues. The key difference is Hyperliquid's use of a traditional order book on its own chain, offeri...
Hyperliquid has overtaken Solana in fully diluted valuation (FDV), reaching about $54.57 billion compared to Solana's $54.22 billion, driven by its $790 million revenue, surpassing Solana, Ethereum, and Tron. This milestone highlights a market shift ...
