Solana generated about $6.54 million in network revenue from Oct. 12-18, more than twice BNB Chain's total, even as its own revenue declined over the past month.
TL;DR: Solana is approaching its planned Alpenglow consensus upgrade, which targets transaction finality of roughly 150 milliseconds — a goal, not a guarantee of live-network performance. Solana's next big technical change is scheduled for October 21.
SkyAI has turned a treasury built around SOL into cash for a tender offer. Its latest SEC exhibit says it no longer holds the token, yet its description of the business still includes a financial platform on Solana.
SkyAI held about $223.8 million in cash as of Oct. 16. The offer covers shares and warrants and is no longer tied to SOL's price.
The flagged validators' unpreparedness could disrupt Solana's network stability and impact stakeholders' confidence in the upgrade. Solana validators holding 20.3% of stake flagged as unprepared before Alpenglow.
TL;DR: SkyAI says it has sold all its SOL and started a cash tender offer that could cost roughly $201.3 million if fully subscribed. SkyAI's experiment as a Solana treasury company has taken a dramatic turn.
Solana remained above $100 following several days of selling pressure, as repeated buying around that level helped prevent a sustained breakdown. Over the past seven days, attempts to push SOL beneath the threshold were met with demand. Long lower wicks on recent daily candles reflected those recoveries, reinforcing the area's near-term technical importance. However, SOL is down 1.6% in the last 24 hours but continues to trade above $103. Meanwhile, trading volume rose 1.18%, suggesting stronger participation. However, volume alone does not establish whether buyers or sellers will ultimately control the next move. ETF withdrawals contrast with spot-market support Despite the defense of $100, demand through Solana-linked exchange-traded funds remained weak.
A vote reconstruction put SGP-0002 support at 66.65% if the flaw had persisted, below its 66.67% approval threshold.
The third-quarter count reached 8.78 billion, up from 7.13 billion in the second quarter. September accounted for 3.18 billion completed transactions.
The Oct. 19 outflow included $4.88 million from BSOL and $1.84 million from FSOL.
Bitwise's fund accounted for $4.9 million of the Oct. 19 withdrawals, while cumulative net inflows since launch remained positive.
The test entered two minutes after large wallet clusters bought. A smaller set of tightly connected groups gained about 10% per token across 16 tokens.