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.@birdeye_data's Solana Q3 report: 8.38M wallets now hold $SOL, up 20.5% on Q2, even as SOL trading volume fell 43%.
Card payments hit a record $262.7M with the quarter still open
Tokenized stock holders passed 1M
Solana's RWA market reached $4.49B
Q3 2026 saw conviction growing on @solana across verticals. Key insights from our report:
✅ $SOL rose 54% in Q3, closing Sept 22 at its highest level of the quarter with a market cap of $69.9B, even as daily trading volume fell 43% from Q2. The number of wallets holding SOL grew 20.5% QoQ to 8.38M.
✅ Stablecoin market cap on Solana grew 8% in Q3 to $15.65B, while holders grew twice as fast, up 16% to 13.07M wallets.
✅ Card payments set new records: Q3 card volume reached $262.7M with the quarter still unfinished, up 17.5% on Q2 and already above its full total. August was the strongest month on record at $106.2M.
✅ Solana lending supply grew 25% in Q3 to $5.15B. RWA collateral on Kamino rose 6% in Q3 to $365 million, led by OnRe’s ONyc, which grew 88% to $197M.
✅ Solana’s RWA market reached $4.49B. Tokenized treasuries remain the largest category at $1.58B, driven by BlackRock’s BUIDL. SOL ETFs added about $340M in Q3, bringing cumulative net inflows to $1.47B.
✅ Tokenized stock holders passed 1M in Q3, up 269% from 279K. Headline DEX volume grew 17% to $5.76B.
✅ Bridged BTC holders rose 42% and WETH holders 22% QoQ. ZEC was the quarter’s momentum leader, with holders up 588% to 109K.
✅ Solana perps volume reached $431B YTD, up 48% YoY, and held its first-half pace in Q3.
Full report 👇
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Lending, ETF inflows and the 588% jump in ZEC holders, plus our own chart of when that ZEC surge happened: solanacompass.com/news/birde…
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Bitwise's Solana staking ETF, $BSOL, took in more than $110M this week, CEO @HHorsley says.
Through Thursday, BSOL accounted for about three-quarters of the $1.52B that has entered US spot Solana ETFs since launch. It stakes all of the SOL it holds.
Over $110,000,000 of inflows into the Bitwise Solana Staking ETF $BSOL this week.
Many seem to be thinking Solana looks good —
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BSOL's day-by-day inflows, its 5.52% net staking rate, and how stake on Bitwise's validator moved on-chain:
solanacompass.com/news/bitwi…
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New SEC staff FAQs say a staking receipt token can be a digital commodity when a protocol-based liquid staking provider issues it.
@jito says that covers solana:J1toso1uCk3RLmjorhTtrVwY9HJ7X8V9yYac6Y7kGCPn. Its chief legal officer @RebeccaRettig1 calls it "free & clear" to add to staked Solana ETFs.
Another step towards institutional adoption of solana:J1toso1uCk3RLmjorhTtrVwY9HJ7X8V9yYac6Y7kGCPn.
The SEC’s latest guidance aligns closely with the framework Jito has laid out for JitoSOL as a digital commodity, creating a clearer path for inclusion in staked Solana ETFs.
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The FAQ is non-binding staff guidance and names no token. What it says, what Jito argues, and where the 15% ETF allocation comes in: solanacompass.com/news/sec-s…
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Alpenglow is live on Solana devnet, a day after testnet.
@anza_xyz completed the handoff at slot 504148999, retiring TowerBFT, the consensus mechanism mainnet still runs.
App developers can now test on devnet during an observation period before the mainnet-beta migration.
Alpenglow is officially running on devnet ⛰️🎉
The handoff completed at slot 504148999: Alpenglow genesis block formed and TowerBFT is retired.
App developers: test your programs and integrations now during our observation period leading up to mainnet-beta migration.
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What changes for apps, which commitment level new code should use, and how this compares with the testnet switch: solanacompass.com/news/alpen…
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Stablecoin supply on @solana has hit a record $17.3B.
The previous high, $16.7B, was set on August 9. Since then the number of wallets holding USDC on Solana has grown from about 8.1M to 9.3M, by our own data.
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Why stablecoin trackers disagree on the total, and how much of the supply is USDC:
solanacompass.com/news/solan…
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$HYB, New York Life Investment Management's tokenized U.S. high-yield corporate bond fund, is now available on Solana through @centrifuge.
It is @NYLIManagement's first tokenized product. Qualified investors only; subscriptions and redemptions settle in USDC.
$HYB is now available on @solana.
Fixed income onchain is starting to look more like fixed income offchain: a broader mix of duration, credit risk, and return profiles rather than a market dominated by cash management.
$HYB extends that mix into actively managed U.S. high-yield corporate bonds, with the strategy managed by @NYLIManagement.
A wider range of fixed-income strategies is emerging as Solana’s RWA market scales quickly, from $1.5B at the beginning of the year to more than $4B in August, with 350,000+ addresses now holding tokenized assets.
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It takes tokenized fixed income on Solana past T-bills and AAA CLOs into riskier corporate credit.
What HYB holds, who can buy it and how exits work: solanacompass.com/news/centr…
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SkyAI shareholders withheld 67-75% of the votes cast on every director. All five kept their seats anyway: under plurality voting, a withheld vote does not count against anyone.
The equity plan failed 22.5M to 5M. Forward Industries' takeover bid for the Solana treasury firm expires 5pm ET today (Sep 25).
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How plurality voting kept the board, what Forward is offering in cash or stock, and what SkyAI has and has not said since: solanacompass.com/news/skyai…
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.@Helius has taken Parsed Streams and the Parsed Events API out of beta, on all plans including free.
They decode transactions from 3,600+ Solana programs and replace the older Enhanced Transactions API.
A lookup costs 10 credits, not 100. Early users are billed from Oct 1.
Parsed Streams and the Parsed Events API are out of Beta
Get decoded Solana transactions for 3,600+ programs, live over WebSocket or on demand over REST
Now available on all free and paid plans
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What each API returns, how Parsed Streams filters on the server side, and the credit costs against the legacy endpoints:
solanacompass.com/news/heliu…
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How each GPU loan is secured, the limits on Kamino's market, and the risks Allez Labs flagged: solanacompass.com/news/usdai…
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Loans on AI data-centre GPUs now back a yield-earning dollar on Solana.
@USDai_Official's sUSDai went live today, drawing its yield from $280M+ in loans on GPU hardware.
@kamino opened a USDai market curated by @AllezLabs, and @jupiter_earn added three sUSDai vaults.
Compute-Backed Credit on @solana.
Introducing the USDai Market on Kamino, curated by @AllezLabs.
@USDai_Official's yield-bearing dollar is backed by secured loans financing GPU infrastructure, bringing institutional GPU-backed credit to Solana.
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Their mandates, the Foundation's institutional pitch, and our data on USDC holders on Solana (about 7.2M to 9.3M since June):
solanacompass.com/news/solan…
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Rachel Conlan, Binance's former global CMO, has joined @SolanaFndn as Chief Strategy Officer, and ex-Polygon Labs exec Jamal Raees becomes GM of Payments.
The Foundation points to $5T+ in stablecoin volume on Solana in 2026 and $620M+ in tokenized stocks on Solana.
I’ve joined @SolanaFndn as Chief Strategy Officer. What excites me is Solana’s position to bring Internet Capital Markets to life: connecting assets, trading and payments on one global network, open to anyone, around the clock.
You can already see it happening: $200M in tokenised equities traded in a single day, with roughly 63% outside US market hours.
My focus is helping drive the next phase of growth, bringing more institutions, enterprises, builders and users into that opportunity.
Thank you to @calilyliu and the team for the warm welcome. Excited to get going. 💜
coindesk.com/business/2026/0…
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