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Whale Alert posted on platform X that USDC Treasury minted 250 million USDC on the Solana network at 05:21 Beijing time, worth approximately 250 million USD. Solscan data shows that this MintTo transaction has been successfully confirmed.

Marinade, the Solana staking service protocol, released its Q3 2026 report. As of September 30, the amount of SOL staked was 7.94 million, a quarter-over-quarter increase of 21.2%, mainly driven by the non-custodial native staking product Native and the institutional-focused Select. The amount staked in Native increased by 47.3% quarter-over-quarter to approximately 3.77 million, while Select grew by 38.7% to about 1.68 million, and mSOL decreased by 6.8% to around 2.27 million.Revenue for the third quarter was approximately $1 million, corresponding to 10,918 SOL, a quarter-over-quarter increase of 25.9%, primarily from validator margin settlement income, which grew by 38.1% quarter-over-quarter. In the staking auction market, 48 out of 51 epochs in the quarter had yields higher than the Solana staking index, with an average yield before Marinade fees of 5.93%, compared to 5.67% for the index during the same period.In governance, since the implementation of MIP-22 in July, Marinade has used 10% of auction fees to repurchase MNDE on the open market. In the third quarter, a total of 4.2 million MNDE was repurchased with 906.6 SOL, and the first distribution opened on October 1. The report also disclosed that on September 25, attackers exploited a vulnerability in the DAO voting process to submit two malicious proposals, one of which involved transferring DAO treasury assets; the council vetoed both proposals within about 6 hours, and the fix was completed that night, with no funds being transferred.

Amira Valliani, the Head of Payment Growth at the Solana Foundation, stated that there are tokens in both the cryptocurrency and artificial intelligence fields, and tokens are merely a machine-readable format of assets.She believes that in the next 10 years, it will become evident that any asset can become a token.

According to PR Newswire, J.P. Morgan Asset Management announced that its tokenized money market funds MONY and JLTXX have launched on the Solana blockchain, open to qualified U.S. investors. Qualified investors can subscribe and redeem through its institutional trading platform Morgan Money and receive token balances at their blockchain addresses.MONY is a private fund established under Rule 506(c), set to launch in December 2025. At that time, J.P. Morgan will be the first globally systemically important bank to launch a tokenized money market fund on a public blockchain. JLTXX is a government money market fund registered in the United States, designed to support stablecoin issuers under the framework of the GENIUS Act.

According to Catcher Predict monitoring, in the event "LoL: Galions vs Solary - EMEA Masters Playoffs" on the prediction market Polymarket, the "Galions" option in the sub-market "Match Winner" has experienced significant fluctuations in winning probability, soaring from 56% an hour ago to the current 85.5% (a fluctuation of 29.5%). Please note the impact of related breaking news.

According to Onchain Lens monitoring, Circle minted 1.5 billion USDC on Solana in the past 24 hours through 6 transactions of 250 million dollars each.Since 2026, Circle has minted 110.51 billion USDC on Solana.

According to GMGN market data, the Meme coin Kimchi on the Solana chain continued to decline after a rapid surge to a market value of 40 million USD yesterday, currently reported at 21.51 million USD, with a drop of over 50% from its peak. The top address for this token invested 144,000 USD at a market value of 33.7 million USD and has now incurred an unrealized loss of over 50,000 USD.Previously, it was reported that this token was inspired by the influencer trader Kimchi (@kimchi1x), who currently holds 75.32% of the total supply of this Meme coin. ChainCatcher reminds users that Meme coins generally have no practical use cases and exhibit significant price volatility, so investment should be approached with caution.

The Solana ecosystem collectible card platform Collector Crypt announced that its total transaction volume in the past 24 hours reached 24.3 million USD, setting a new single-day historical record. During the same period, platform users opened a total of 123,425 card packs.Collector Crypt's card packs are products that randomly generate cards. After purchase, users must go through an authentication process to obtain tokenized versions of cards featuring Pokémon, One Piece, and sports stars, which can then be traded on the platform.On October 19, Pump.fun integrated the random card pack opening feature and collectible card trading market from Collector Crypt. On the first day of integration, Pump.fun users contributed approximately 20% of the total transaction volume of Collector Crypt's random card packs.

The GMX governance forum has released the GMLabs-003 proposal, which plans to use all remaining protocol revenue after the GT buyback on the Solana side to repurchase GMX. The purchased tokens will be added to the staking rewards pool, and the GT buyback mechanism will remain unchanged.The proposal also intends to introduce a 180-day unbonding waiting period for existing and new GMX and esGMX staking positions on Arbitrum and Avalanche, calculated from the submission of the unbonding request, with the previously staked time not counted. Pending requests can be canceled, and existing positions do not need to be migrated. The above adjustments are scheduled to be implemented on October 28, depending on the readiness for implementation.

Whale Alert posted on the X platform that, from 06:09 to 06:11 Beijing time, USDC Treasury minted a total of 750 million USDC in 3 transactions on the Solana network, with each transaction being 250 million USDC, worth approximately 750 million USD.

Yuga Labs announced the launch of Mudwater trading card NFTs on the Solana network. According to the official rules, each Bored Ape holder can receive 10 card packs, and each Mutant Ape holder can receive 2 card packs.According to OpenSea data, the trading volume of Mudwater card packs on the platform has reached 78.3 ETH. This release connects Yuga Labs' well-known NFT series with the Solana ecosystem.

The liquidity protocol Sunrise based on Solana announced the introduction of tokenized Meta stocks issued by Backpack Securities into the Solana ecosystem. Previously, the two parties collaborated to tokenize multiple U.S. stocks and launch them on Solana, including SpaceX (SPCX), Micron Technology (MU), Moderna (MRNA), and Nike (NKE).Backpack Securities is responsible for the custody and issuance of the tokens, while Sunrise is responsible for coordinating on-chain listings and liquidity building within the Solana ecosystem. Each tokenized stock is backed 1:1 by real stocks in a custody account, and holders have actual rights to the corresponding securities, including dividends, and can redeem them for traditional stocks through Backpack Securities.Sunrise is a Solana liquidity protocol initiated by Wormhole Labs, and its collaboration with Backpack started in June 2026, with the first product being tokenized SpaceX stock. As the supply and trading volume of tokenized U.S. stocks continue to grow, Solana is becoming one of the main venues for decentralized trading of tokenized U.S. stocks.

Solana's largest network upgrade since 2020, Alpenglow, officially launched on Wednesday. This upgrade moves validator voting from on-chain to off-chain, packaging votes into certificates that can lock transactions within one to two rounds, aiming to reduce the final confirmation time for transactions from about 6 seconds to approximately 150 milliseconds, speeding it up by about 40 times. If this goal is achieved on the mainnet, Solana's transaction settlement speed will be faster than the blink of an eye, bringing it closer to the trading and payment experience of centralized exchanges.Currently, a 6-second confirmation time means that prices may change before the transaction is locked, causing exchanges and payment applications to wait before considering deposits as complete. In comparison, Ethereum takes about 13 minutes to achieve full final confirmation. At the same time, validator costs are expected to decrease by about 60%: currently, validators spend about 2 SOL daily on voting fees, which doubled after Solana recently reduced block time to about 200 milliseconds; Alpenglow eliminates voting fees, replacing them with a fixed validator entry fee of 0.8 SOL per epoch (approximately 24 hours).The upgrade launch process was not smooth. The testnet has been cleared and restarted from scratch six times since its launch in early May, with one migration failing across the entire network and having to be rolled back. According to an article published by Galaxy Digital, one of about 100 validator operators on the testnet, a subsequent migration was successfully completed, clearing the way for Wednesday's launch. Since these events occurred on a network built specifically for testing, there was no risk to real funds. The upgrade was scheduled to switch at the start of epoch 1064 on Wednesday, with actual changes occurring at slot 459,653,000 after a transition of 5,000 slots.

Solana ecosystem leverage and yield infrastructure protocol Hylo announced the completion of a $1 million strategic financing round, led by Solana Ventures, with participation from Colosseum.Hylo stated that this is Solana Ventures' second investment in Hylo and Colosseum's third investment. Hylo noted that this round of financing reflects the continued support from both institutions for its vision of expanding leverage and yield infrastructure on Solana.

The Meme coin Kimchi on the Solana chain reached a market value of 40 million USD within 1 hour of its launch, currently reported at 38.71 million USD, with a transaction volume of 23.7 million USD. Kimchi (@kimchi1x) currently holds 75.32% of the total supply of this Meme coin.This trader rarely posts trading records or calls, mainly sharing photos and videos related to life, travel, luxury cars, and watches. Alon, co-founder of Pump.fun, stated that Kimchi is the first person to truly bridge the gap between the crypto industry and pop culture, as well as the first case of a trader growing into a public figure. Alon mentioned that Kimchi is helping Pump.fun define its creative direction and expand the ecosystem.

Whale Alert posted on the X platform that USDC Treasury minted two transactions of 250 million USDC each on the Solana network at 03:47 and 03:49 Beijing time, totaling 500 million USDC, worth approximately 500 million USD.Data from the Solana block explorer shows that both transactions were executed by the USDC minting authority address.

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.