Solana now leads tokenized commodities DEX volume with a 36% share, overtaking Ethereum as trading activity shifts across chains.
TL;DR An onchain transaction shows 250 million USDC minted on Solana by the stablecoin's authorized minting infrastructure. The mint created new USDC supply but does not by itself prove that a buyer purchased the entire amount.
As of September 25, Solana (SOL) is changing hands at approximately $116.27. The cryptocurrency reached an intraday peak of $118.45 earlier in the trading session.
The test phase replaces TowerBFT with Votor and requires validators to run Agave 4.3. Mainnet activation is tentatively scheduled for Sept.
The foundation also hired Jamal Raees to lead its payments business and expand business use of Solana.
Travel platform Nomadz enabled Solana stablecoin payments to book airline tickets across more than 300 airlines and a catalog exceeding one million accommodations. The technical infrastructure processes transactions via Solana Pay and primarily uses USD Coin (USDC) as the on-chain settlement currency.
The Solana Foundation has bolstered its leadership team with two executives hailing from Polygon and Binance. The arrival of this new talent aims to drive institutional expansion and corporate payment settlement. Rachel Conlan, former Global Head of Marketing at Binance, joins as Chief Strategy Officer to lead institutional partnerships and entry into new markets.
The market adds sUSDai collateral activity tied to GPU loans within Kamino's Solana infrastructure.
SkyAI's board survived a shareholder protest, but its proposed equity pay plan fell by a wide margin.
Travelers will now be able to use Solana-based digital dollars to book flights across more than 300 airlines, according to a recent announcement.
The impending Solana options expiry could amplify market volatility, influencing broader crypto sentiment amid significant Bitcoin and Ethereum settlements. 65% of Deribit's Solana options open interest is set to expire on September 25.
SOL rose from $113 over four hours and gained 2.32% over 24 hours as short liquidations reached $2.23 million in one hour.