DeFi
News › DeFi
Tether and Circle Mint $750M in Stablecoins on Solana in Single Session
Tether minted $500M USDT on Solana in under 60 minutes, while Circle simultaneously issued $250M USDC — a $750M combined stablecoin injection into the network.
Solana 🧭 Compass
Raydium Routes 90%+ of Solana's Tokenized Stock DEX Volume With $5B Processed as September Sets Onchain ATH
Raydium captures 90%+ of Solana's tokenized stock DEX volume. Helius CEO mert confirms September 2026 is Solana's all-time high month for onchain activity.
Squads Protocol Reaches $20B in Annualized Stablecoin Transfer Volume on Solana
Squads Protocol now processes $20B in annualized stablecoin transfer volume on Solana, while Altitude itself does $1.7B in annualized payment volume, a milestone Stepan Simkin frames against a 2021 hackathon miss.
Switchboard Oracle Protocol Shuts Down, Giving Solana DeFi Six Days to Migrate
Switchboard Technology Labs shuts down September 25. Kamino Finance, Jito, MarginFi, and Drift Protocol have six days to migrate to Pyth Network or RedStone.
Agave 4.3 Hits Mainnet: Three Breaking Changes for RPC Providers and dApp Developers
Agave v4.3.0 hit Solana mainnet September 18 with three breaking changes: base64 for v1 transactions, new RPC parameters, and Yellowstone gRPC upgrades.
Coinbase Upgrades x402 Facilitator on Solana: 'Upto' Scheme Live, Verify Latency Cut 66%
Coinbase's x402 facilitator on Solana now supports the 'upto' payment scheme, 66% faster verification (75ms), and automatic retry for pending settlements.
Solana Explorer Launches MCP Server for AI Agent Access to On-Chain Data
Solana Explorer launched an MCP server on September 17, letting AI agents query on-chain accounts, programs, and transactions in real time without an API key.
Pyth Network Adds Anthropic and OpenAI as First Pre-IPO Price Indices
Pyth Network's first pre-IPO price indices went live September 17, adding Anthropic and OpenAI as continuously updating 24/7 indicative feeds via Pyth Terminal.
Injective's INJ Goes Live on Solana via Sunrise, Now Trading on Raydium and Meteora
Injective's INJ is now a canonical SPL token on Solana, listed September 17 via Sunrise, Wormhole Labs' NTT gateway. Trading 24/7 on Raydium and Meteora.
Backpack Securities Expands Equity Collateral to All 17 Listed Stocks and ETFs
Backpack Securities now accepts 17 equity perp assets as margin collateral, including NVDA, TSLA, and SPCX, for borrowing, futures trading, and spot margin.
"Prediction Market Monthly Volume Surged to $43.7B by June as Solana Earns $1.4M/Month,
CoinShares research shows prediction market monthly volume hit $43.7B
Galaxy Digital Launches Institutional USDC and USDT Vaults on Kamino Finance
Galaxy Curation's USDC and USDT vaults go live on Kamino Finance, bringing the institutional credit standards behind Galaxy's $1.4B loan book to Solana.
Phoenix Trade Enables SOL as Native Collateral for Perpetual Positions
Phoenix Trade accepts SOL as collateral for perpetual futures across 80+ crypto, equity, and commodity markets, weighted at 80% with P&L settling in USDC.
Column N.A. Launches Native Stablecoin Rails With Solana as Default Chain
Column N.A., a $1.77B FDIC bank, launched native USDC and USDT stablecoin rails on Solana as its default chain with 24/7 fiat conversion and no prefunding.
Jupiter to Sunset JUICED Loop in Late September, Fee Magnifier Awaits Open Positions
Jupiter Lend is retiring JUICED Loop in late September. Open loop positions must close before a fee magnifier activates; the JUICED token itself is unaffected.
Meteora Opens Token Launches Paired with Backpack-Issued Stocks via StockLaunch
Meteora's DBC now supports Backpack tokenized stocks as quote assets for new launches, routing trading fees to token holders as fractional equity exposure.
Phantom Joins Circle's Arc Blockchain on Mainnet Launch Day
Phantom went live on Circle's Arc on day one, giving Solana users access to a USDC-native L1 with BlackRock, Visa, Mastercard, and DTCC as founding validators.
Pyth Network Launches Six Constant Maturity Futures Indices for Energy Commodities
Pyth Network launches six constant maturity futures indices for WTI, Brent, Henry Hub, Henry LD1, London WTI, and Dutch TTF, removing monthly roll dates.
Solana Daily Stablecoin Active Addresses Hit 888K in September, Up 269% Year-Over-Year
"Solana's daily stablecoin active addresses reached 888K in September\
Meteora Posts $5.4B in August Volume, Biggest Monthly Jump Since January
Meteora's August 2026 report shows $5.4B in trading volume (+37.9% MoM), $27.5M in fees, and Cycle 1 referral staking's $262K USDC payout to 3,977 wallets.
Kamino Finance Appoints Yieldstreet Co-Founder Michael Weisz as CEO in Institutional Push
Kamino Finance hires Yieldstreet co-founder Michael Weisz as CEO for Wall Street expansion, bringing his $6B private markets track record to the $1.4B protocol.
Transaction V1 (SIMD-0385) Is Live on Solana Mainnet at Epoch 1035
Solana Transaction V1 activated at Epoch 1035 on Sept 15, raising max size to 4,096 bytes. ZK proofs, multisigs, and BLS signatures now fit in one atomic call.
Frontier Traders Launches Network-Wide Rewards and VIP Program for Solana On-Chain
Frontier Traders launches a Solana-wide VIP rewards program with five rebate tiers, trading campaigns, and 16 partner venues including Jupiter and Meteora.
Jupiter Universal Deposit Expands to Robinhood Chain and BNB Smart Chain
Jupiter Universal Deposit now supports Robinhood Chain and BNB Smart
Ethereum, Solana, and Base Control 91.5% of the $835M Euro Stablecoin Market
Solana holds 14.8% of the $835M MiCA euro stablecoin market, behind Ethereum's 69.5%. Circle's EURC leads supply at 63% as MiCA narrows the issuer field.
Solana Token Markets
