Net outflows from U.S. spot Solana ETFs reached $9.8 million for a ninth consecutive session, while SOL remained about 11% below its Oct. 1 UTC close.
Solana Foundation President Lily Liu announced on Friday, October 16, that it has canceled the Solana Foundation event slated for the same day in Shanghai to kick off its Accelerate China developer tour.
Near Protocol has expanded onto Solana through Sunrise, giving NEAR immediate access to Solana wallets, decentralized exchanges, and aggregators. The move, powered by Near Intents, coincided with a 14% rise in the price of NEAR.
Increased USDC minting on Solana may boost its DeFi activity and influence market perceptions of Solana's growth and competitive standing. Circle minted another ~750 million USDC on Solana in the last 24 hours.
Solana's share of Ethereum's on-chain RWA total rose to 26% from about 4.5%, while Ethereum's total grew about 7%.
Spout raises $2 million to develop Solana-based lending, allowing users to borrow USDC against tokenized U.S. stocks at 0% interest.
Completed non-vote transactions set a third straight monthly high, while total non-vote transactions, including reverted transactions, fell 8.2%.
The June 26 assignment called for working deployments on Sepolia, with compatible contracts allowed only if suitable existing deployments could not be found.
Castle Labs reported faster tokenized asset growth on Solana as application revenue reached $193.1 million.
Grayscale Solana Trust and Bitwise Solana Staking ETF accounted for all withdrawals. Combined net outflows over the latest five trading days totaled $16.6 million.
Solana's Accelerate China tour ran into trouble in Shanghai after police reportedly appeared at the venue and CZ questioned what went wrong.
The effort involves Ledger Agent Intent and is aimed at improving web transactions.