solana

An alliance composed of core banking and instant payment software company Matera, embedded payment company Payfinia, and Solana Foundation conducted the first public live demonstration of the American National Standard ANSI X9.150 at Money20/20 USA in Las Vegas. The demonstration showed that a single QR code on an invoice allows customers to pay via FedNow, RTP network, or with USDC on Solana, with the business invoice records automatically updated afterward.The report states that X9.150 was approved by the American National Standards Institute's standards committee X9 in July 2026, providing a unified QR code payment format for banks, payment networks, and software providers, covering account-to-account payments such as FedNow, RTP, ACH credit transfers, Zelle, and stablecoins. In the live process, small businesses send invoices with X9.150 QR codes, and customers can scan them using their credit union banking app or pay and confirm with USDC using the Squads Altitude wallet, with funds arriving within seconds, and the ERP marking the invoice as paid.Carlos Netto, Co-founder and CEO of Matera North America: The company has open-sourced the X9.150 reference software because a standard built by only one company is not a true standard. Jamal Raees, General Manager of Payments at Solana Foundation: X9.150 provides American businesses with a single QR code that can be used across payment rails, allowing customers to scan and pay with USDC, marking the invoice as paid within seconds. Payfinia provides embedded payment support for nearly 30 community financial institutions and stated that testing has been completed using the Star One Credit Union mobile app. The report clarifies that this demonstration is not a product launch. Participants in the X9.150 QR code alliance include Matera, Payfinia, Zelle under Early Warning, and Solana Foundation.

Solana's official announcement states that in Q3 2026, the number of non-voting transactions on the Solana chain reached 8.92 billion, an increase of 104% compared to Q4 2025.

The blockchain security research organization Asymmetric Research disclosed that there was a vulnerability in the governance program svmgov on the Solana chain: when validators did not participate in voting, independent votes submitted early by their delegators might not be counted in the final results. This vulnerability was reported to the Solana Foundation on July 10 and was fixed on the mainnet on August 3, ahead of the governance vote on August 24.Asymmetric Research estimated based on on-chain data that if the vulnerability had not been fixed, the approval rate of the SGP-0002 proposal, which aims to accelerate the decline of SOL inflation, could have dropped from the actual 67% to 66.65%, below the passing threshold of 66.67%. This vulnerability was fixed before the voting, and did not actually change the outcome of the proposal.

SolanaFloor posted on platform X that Cardboardtrade, regarded as the Solana version of Papertrade's perpetual contract protocol, currently has an average daily trading volume of approximately 1 billion dollars. It is reported that the platform offers up to 1000x leverage trading for BTC, ETH, and SOL, with a total liquidation amount exceeding 564 million dollars and an open interest (OI) reaching 38 million dollars.A data screenshot provided by SolanaFloor shows that the total trading volume of the protocol is approximately 4.4 billion dollars.

White Whale Labs released a study titled "The Audit Of The Memecoin Casino," stating that since late August, it has recorded all Pump.fun and Stonk new coin transactions on Solana, covering over 1 million liquidity pools and 7.7 million wallets with 384 million exchanges, with data exceeding 56 GB and 820 million rows. This dataset adds 18 to 25 million transactions daily, with up to about 1 million wallets and over 60,000 newly issued projects.The study claims that among the coins that have had real transactions, about one-tenth will double within the following 24 hours. Among 22.8 million first purchases within two weeks, 17% doubled before a 40% drop; using a doubling take-profit and a 40% drop stop-loss while accounting for costs, the average loss per transaction is about 19%. Clusters consisting of 450 to 2000 wallets often concentrate their purchases within one to two minutes after going live, with the doubling ratio for related coins being 28% to 46%, and their entry doubling before a 40% drop is 50% to 60%, higher than the 17% of other wallets. The daily count of groups tracked is between 9 and 33.Copy trading tests show that entering two minutes behind large clusters results in a single coin loss of 41% for 93 coins, with a median drop of 95%; tracking groups with positive records still shows a single coin loss of 11%, and backtesting a single wallet shows a single transaction loss of 20%. A few tight-knit groups made about 10% profit on 16 coins. Neural networks increased the doubling ratio from about 10% to 26%, but out of 771 selections over 8 days, daily results were negative, with an average loss of about 11%, a median drop of 45%, and 55% triggering stop-loss within 24 hours. White Whale Labs stated that after spending thousands of dollars on API, VPS, and model costs, no monetizable advantage was found, and they believe that meme coin trading is almost entirely driven by cluster wallets.

The token issuance platform Pump.fun announced on X that PreStocks has launched on Pump.fun. Users can now issue tokens paired with OpenAI, Anthropic, Anduril, Neuralink, Figure AI, Kalshi, Polymarket, and Oura.Pump.fun stated that users can trade pre-IPO tokens on the platform and pair the newly issued tokens with these tokens. This feature is supported by PreStocks.

According to Whale Alert monitoring, at 20:10 Beijing time, USDC Treasury minted an additional 250 million USDC on the Solana network.

Castle Labs released a research report stating that over the past year, the scale of Real World Assets (RWA) on the Solana chain increased from 700 million dollars to 4.3 billion dollars, a growth of over 600%; during the same period, the scale of RWA on Ethereum increased from 15.5 billion dollars to 16.6 billion dollars, only growing by 7%. The proportion of Solana's RWA scale compared to Ethereum rose from about 4.5% a year ago to 26%.In addition, Solana's application revenue in the past 30 days reached 193.1 million dollars, ranking first among all chains, approximately twice that of the second place Hyperliquid (86.5 million dollars), with Ethereum (53.8 million dollars) and Robinhood Chain (34.6 million dollars) following behind, of which about 80% came from consumer applications such as launch platforms and trading terminals.

According to Ai Yi's monitoring, in the past month, ZEC has retraced more than 24%, but trader solanadoomer (@Boomer) still maintains a long position and has now become the fourth largest long holder of ZEC.He has gone long on 10,000 ZEC with 10x leverage, with a position value of approximately 11.36 million USD, an opening average price of 1146.86 USD, and a current unrealized loss of about 85,000 USD; at the same time, he has also gone long on 2,000 ETH with 25x leverage, with a position value of approximately 4.82 million USD, an opening average price of 2376.18 USD, and a current unrealized gain of about 68,000 USD.

According to data from Blockworks, the Solana network ranks first in stablecoin transfers, with a transaction volume of 557 million in September, an increase of 33% compared to August. The average daily transaction volume is 18.6 million.

Lily Liu, the chair of the Solana Foundation, posted on platform X, stating, "We held the first Capital Markets Summit in Shanghai, China, on Thursday. There, we gathered hundreds of asset allocators and builders from China and around the world to discuss capital formation around innovation."Lily Liu also stated that the market capitalization of domestic listed companies in China is only 1/6 of that of comparable profitable companies in New York, and there are over 50,000 small and medium-sized enterprises waiting for IPO opportunities.

According to Cointelegraph, Solana has not reported any mainnet outages for two consecutive years. The Fidelity Center for Applied Technology (FCAT) report indicates that its network health has made progress in resilience, economic security, and performance metrics.The report points out that high staking participation and incentive mechanisms for rewarding validators support Solana's economic security, while low latency, improved scalability, and low-cost transactions also support its large-scale applications.The report also states that the concentration of staking among a few validator identities and operators, as well as the concentration of custodial and client software, still requires ongoing observation. Jacob Creech, Vice President of Technology at the Solana Foundation, stated that Solana reduced the slot time to 350 milliseconds on August 21; the foundation announced plans in June to further reduce it to 200 milliseconds, with three subsequent adjustments of 50 milliseconds each.

According to the information displayed on the Qichacha page, Shanghai Solana Enterprise Management Co., Ltd. was registered in June this year, with a registered capital of 5 million yuan. Claire Du is the legal representative and co-head of Solana China.Additionally, in August this year, Shanghai Yaokun Qiusuo Digital Technology Co., Ltd. was established with a registered capital of 10 million yuan, and Shanghai Solana Enterprise Management Co., Ltd. holds 45% of the shares in Yaokun Qiusuo Digital Technology Co., Ltd. Even Jiang, the co-head of the Solana Foundation in China, serves as the chairman of Yaokun Qiusuo, while Claire Du serves as a director.Public information shows that Yaokun Qiusuo primarily engages in technical services, technical development, technical consulting, technical exchanges, technology transfer, and technology promotion; computer system services; information system integration services; information technology consulting services; data processing services; internet data services; Internet of Things technology services; wholesale of computer software and hardware and auxiliary equipment; information consulting services (excluding licensed information consulting services); business management consulting; financial consulting; and conference and exhibition services (exhibitions abroad must be approved by relevant departments).It should be noted that "Solana" is a name chosen by a sole proprietorship, and there is currently no equity evidence proving that these two companies belong to the Solana Foundation.This week, members of the Solana team shared photos announcing the establishment of an office in Shanghai, China.

According to Blockworks data, Solana's core financial metrics fully rebounded in the third quarter. Application revenue increased by 48% quarter-over-quarter to $299.1 million, reaching a new high since the third quarter of 2025; the quarterly trading volume of tokenized stocks reached a record $7.1 billion, with September alone hitting a historical peak of $4.4 billion.The spot DEX trading volume was $197.2 billion, accounting for 36% of cross-chain spot trading volume, maintaining above 30% for the ninth consecutive quarter. This quarter, the on-chain transaction volume reached a record of 14.2 billion transactions, approximately 1,790 transactions per second.

A representative from the Solana Foundation stated that the U.S. "GENIUS Act" provides regulatory impetus for businesses and financial institutions to enter the stablecoin space, and is also one of the important background factors for Samsung's launch of stablecoin payment services.Samsung has announced that it will support USDC cross-border transfers in Samsung Wallet, initially targeting eligible Galaxy users in the U.S., covering approximately 82 million devices. Users can transfer dollar stablecoins to compatible crypto wallets within seconds, without incurring transfer fees; they can also remit to eligible bank accounts in over 60 countries and regions. This service will utilize the Solana and Sui networks as the underlying infrastructure, with licensed stablecoin custodian Bastion providing transfer services, and Coinbase Prime acting as the secondary custodian responsible for ensuring the security of USDC assets.

According to Whale Alert monitoring, at 10:05 Beijing time, USDC Treasury minted an additional 250 million USDC on the Solana network.

The Solana Accelerate China team stated that due to an oversubscription of participants, in order to comply with local event regulations, the Hangzhou event originally scheduled for October 18 and the Shenzhen event originally scheduled for October 20 will both be postponed, with specific dates to be announced later. The information of registered guests will be retained, and the team will notify everyone as soon as the new dates are confirmed.

According to Whale Alert monitoring, Circle has minted 250 million USDC on Solana.

On Thursday, Rockstar released the trailer for the launch of "GTA 6," in which an airplane's fuselage is printed with the words "DacityCoin AudaCity," and a character ignites a neon pink flare on the wing. The term "Dacity Coin" appears for only about two seconds but triggers a surge in on-chain transactions. Within an hour of the trailer's release, a meme coin of the same name on Solana skyrocketed 2900% from a market value of $104,000, reaching a peak of $3.18 million. Since the token was created five days before the trailer was released, traders had ample time to buy in before the surge.The birth of this token stems from game footage of "GTA 6" leaked by the notorious Rockstar hacker "Cyberleek," which featured Dacity Coin, though only a few traders noticed at the time. The coin launched on October 11 on the Solana new listing platform Pump.fun, with its market value briefly soaring to $1.14 million, then falling back to $144,700 and consolidating until it surged again on Thursday. According to DEX Screener data, 24 traders made over $10,000 in profit on this token, with the highest earner turning $1,912 into $44,000. Currently, Dacity's market value is $1.5 million, down about 53% from its peak of $3.18 million.According to the GTA wiki, the game's protagonist, Lucia, is asked to promote the AudaCity brand with parachuting stunts and attract investment for Dacity Coin. If true, the game seems to satirize the various extreme performances that meme coin creators have conducted over the years to promote their tokens. There have been precedents for similar situations: in February 2025, "Fortnite" introduced a fictional cryptocurrency called Dill Bits, after which a real token of the same name appeared on Solana, peaking at a market value of $4.78 million before plummeting 96%; in April of the same year, Epic Games CEO Tim Sweeney called it a scam, after which the coin surged 2700% and then dropped 82% within days. Rockstar has yet to respond regarding Dacity Coin.

Lily Liu, the chair of the Solana Foundation, stated in a post on October 16 that they showcased Solana on a large screen because of their deep affection for the Chinese community and gratitude for the warm welcome from the Chinese community. The display refers to the light show on the entire exterior wall of the Citibank building in Lujiazui, Shanghai on the evening of October 14.She mentioned that due to the publicity, the number of registrations for the Solana Shanghai event quadrupled overnight, far exceeding the limit reported to local government departments, and it could not prevent people from flooding the venue. To comply with local requirements, the event will be postponed and will be held when it can better accommodate the size of the community. She apologized to those who came from near and far wanting to participate in the Shanghai Solana event.