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Crypto Trends

Solana’s Q3 Revenue Sharp Growth Puts It Ahead Of All Major Crypto Networks

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With major digital assets like Solana experiencing notable upside action once again, the broader cryptocurrency market appears to have flipped into a highly bullish state. Solana’s ongoing upward trend in price has coincided with a remarkable surge in the blockchain’s on-chain activity and adoption.

Q3 Blockchain Revenue Race Heats Up, And Solana Is Leading

Following a recent rally in the price of SOL, there has been a strong uptick in on-chain activity and engagement. Specifically, the Solana blockchain is experiencing substantial inflows, as revenue increases sharply.

The report from Solana’s official page on the social media platform X reveals that the blockchain is witnessing one of the fastest revenue growth rates in history. A surge in user activity, active DeFi participation, and a surge in demand for on-chain applications likely drive this sharp growth in revenue.

Furthermore, the development highlights the blockchain’s competitive advantage and durability in a dense market. While competitors have found it difficult to keep up, Solana’s effectiveness and scalability keep drawing in developers and funding, putting it at the vanguard of blockchain ecosystem expansion and profitability.

According to the data, Solana has cemented its position as a top-performing blockchain in the third quarter of this year in terms of overall revenue generated in the quarter. With over $222 million in revenue recorded in Q3, the blockchain has surpassed all major crypto networks in the sector.

SOL network revenue explodes | Source: Chart from Solana on X

It is worth noting that after dominating Q3 of 2025, Solana has now led all major crypto networks for 4 consecutive quarters as number 1. SOL’s persistent dominance in revenue for the past four quarters is obviously sending a strong message about SOL’s place in the future of decentralized finance and scalable blockchain infrastructure.

Over the last year, the platform highlighted that users on the SOL blockchain have paid the network more than $2.1 billion for blockspace. Interestingly, data shows that over 46% of the entire fees were paid in cryptocurrency.

SOL Blockchain Is Becoming The Hub For Stablecoins

The Solana blockchain’s adoption and interest are evidenced by the large number of stablecoin flows on the chain. In another X post from the official Solana page, stablecoin adoption on SOL is surging at an unprecedented pace when compared to other chains.

In terms of stablecoin inflows, the SOL blockchain is at the top, outpacing all layer 1 and layer 2 chains over a period of 24 hours. This development implies that SOL is becoming the go-to settlement layer for stablecoin transfers due to its lightning-fast transaction speeds and incredibly cheap costs, which encourage record inflows and on-chain activity.

With this dramatic increase in stablecoin inflows, SOL’s role in global crypto payments and Decentralized Finance (DeFi) is clearly growing. In addition, it solidifies the network’s standing as the leading hub for dollar-pegged assets in the dynamic blockchain market.

SOL trading at $231 on the 1D chart | Source: SOLUSDT on Tradingview.com

Featured image from Adobe Stock, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Kersten James Chircop, Co-Founder and Business Development Director of GMR speaking at the PLAYCON 2025 launch
Esports

GMR co-founder highlights esports betting as catalyst for industry growth

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Kersten James Chircop, Co-Founder and Business Development Director of GMR. Photo via GamingMalta

Betting is now emerging as a crucial part of the esports ecosystem.

|

Published: Oct 1, 2025 11:42 pm

Esports betting has become a driving force behind the growth of competitive gaming, according to GMR Co-Founder and Business Development Director Kersten James Chircop.

Speaking ahead of PLAYCON 2025, Malta’s annual video game and esports expo, Chircop said betting is now a core part of the ecosystem, fueling both professional teams and grassroots tournaments.

“When you speak about professional esports today, betting is one of the biggest revenue generators, even for the teams,” Chircop said in an interview with SiGMA News.

“Recently, Riot allowed teams to have betting sponsors. When you look at Valve, with Counter-Strike and Dota 2, betting sponsors have been one of the main players in events for a long time,” he added.

Esports betting revenues fueling teams and grassroots growth

Chircop stressed that partnerships with premier esports betting companies go beyond financial support, helping to build fan engagement and momentum around major titles.

Kersten James Chircop speaking at the launch of PLAYCON 2025. Photo via GamingMalta

“Having a betting sponsor obviously helps, and it is a working formula. It generates hype because events like Counter-Strike blew up when people got more invested. They start following teams to understand more. When it comes to that part, it is needed.”

He noted that sponsorships from leading betting operators also provide a trickle-down effect, supporting tier-two competitions and smaller teams that might otherwise struggle to compete. Regional differences, however, continue to shape how the industry develops across markets.

Chircop also pointed to PLAYCON, organized by GMR in collaboration with GamingMalta, as an example of how the esports ecosystem is expanding in Malta. The expo has grown into both a showcase for local talent and a platform attracting international investment, including from the betting industry.

“The idea of PLAYCON is to showcase what the local industry is all about—the career opportunities being created, game studios being established here, esports teams, and tournaments being organized,” Chircop explained.

Cosplayers at PLAYCON 2025 launch. Photo via GamingMalta

The event also serves an educational purpose, drawing thousands of students annually and introducing new initiatives such as the Schools Esports World Championships hosted by DAIGON Esports.

“We want kids to know what the video games industry is about, how to balance screen time and game time, and also to see that if you have the talent, esports can become a professional career,” Chircop said.

Now in its fifth edition, PLAYCON will run from Oct. 9 to 12 at the Malta Fairs & Conventions Centre (MFCC) in Ta’ Qali.

Looking at the global picture, Chircop said esports is entering a more mature phase, characterized by professional structures, international investment, and long-term growth strategies. He argued that betting will remain crucial to that development.

“At the end of the day, betting keeps people engaged. It adds hype, and the revenue helps sustain teams and events.”

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Ethereum
NFT Gaming

Ethereum Usage Skyrockets With Unprecedented Daily Transaction Growth Amid Market Fluctuations

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Even though Ethereum’s price is currently experiencing a bearish move, the leading altcoin is still holding strongly above the $4,100 level. In the midst of this fluctuating price action, on-chain activities on the ETH network are sharply booming, as evidenced by a notable surge in transactions.

Sharp Boom In Ethereum Daily Transactions

The price of Ethereum is building underlying strength for a possible upward move, as well as the network’s performance. In the past few days, the network has experienced a powerful resurgence, with daily transactions reaching levels not seen in many years.

Darkfost, a market expert and author, reported that this sharp uptick in on-chain activity, underscoring a resurgence of investor interest, increased demand for decentralized apps, and a wider blockchain use across industries. It also indicates a growing sense of confidence in the ecosystem’s long-term scalability and value.

According to the expert, ETH is booming, and Decentralized Finance (DeFi) is now growing rapidly, with the network naturally finding itself at the hub of this ecosystem. As a result, the number of transactions on the network is surging and has recently broken out of a four-year range.

ETH active players are increasing | Source: Chart from Darkfost on X

It is worth noting that Ethereum’s daily transactions during the previous four years have been roughly between 900,000 and 1.2 million, using a 14-day SMA to reduce noise. When ETH experienced a significant amount of FUD during the most recent downturn in late March, the daily average was already around 1.2 million transactions.

Interestingly, this level was much higher than the number observed in January 2023, when the network barely reached 1 million transfers per day. However, the daily transaction count is hitting between 1.6 million and 1.7 million, marking the highest levels ever recorded on the Ethereum network.

Darkfost noted that Ethereum’s rise in transactions has a real correlation with its price. In the meantime, the expert points to the importance of monitoring this data because this is where the truth lies, which has benefited those who utilized the data.

ETH Funding Rates On A Downward Trend

Lately, investors’ sentiment appears to have flipped bearish as Funding Rates move into a negative territory. This shift in sentiment coincides with ETH prepping up for a rally, signaling cooling momentum among leveraged traders and raising questions about the current uptrend.

Crypto Summon revealed that Ethereum’s financing rates stayed negative throughout last week, which is similar to previous occasions. However, the market expert claims that the downward trend has stopped, and an ascending trend is emerging.

This development hints at a potential bottom in ETH’s price action. According to the expert, it is common for bottoms to coincide with times when investors are frightened and either wager on additional declines or pay premiums to protect themselves.

Current data from CoinMarketCap shows that ETH’s price has pulled back to $4,127, indicating a nearly 2% decrease in the last 24 hours. While its price has slightly dropped, its trading volume is also experiencing a bearish move, falling by more than 8% in the past day.

ETH trading at $4,149 on the 1D chart | Source: ETHUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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XRP vs Bitcoin: 16% Growth May Be Just Beginning
NFT Gaming

XRP vs Bitcoin: 16% Growth May Be Just Beginning

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Following an explosive rally of 320% at the beginning of the year, it seemed that XRP’s outperformance of Bitcoin had come to an end. Currently, one XRP token is estimated to be worth 0.00002541 BTC, which is 25.81% below its peak value.

For many, this marked the end, but Bollinger Bands support the opposite thesis — and they do so on the weekly timescale. XRP has just defended its mid-band versus Bitcoin on the weekly chart, making the scenario of testing the higher band at 0.000026 BTC more probable for now.

This would be 16% higher than the current price.

XRP/BTC on Binance by TradingView

It is all about chart mechanics. When a pair holds the weekly mid-band, it signals not collapse but the possibility of reaching the top band. That’s what’s on the table now: 0.000026 as the next target price.

Had the defense failed, the conversation would already be about 0.000021, but it didn’t. The ratio stayed alive.

XRP, Bitcoin and dollar

In the meantime, Bitcoin is trading at six-figure prices and Ethereum is holding at around $4,000. However, none of this explains why XRP at $2.78 is such a big deal. The ratio does.

Traders who only look at the dollar chart miss the fact that XRP has a clean 16% gap above it before resistance even shows up. The whole play is this: The mid-band held, the upper band is in sight.

If XRP/BTC breaks into that zone, it won’t just be a random candle. It will be the first serious confirmation in months that this pair is alive and well. The weekly bands are already pointing the way.



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Decrypt logo
GameFi Guides

What Will the Slowing Growth of Bitcoin, Ethereum Treasury Buys Mean for Markets?

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In brief

  • Purchases at Bitcoin and other treasury companies have slowed dramatically over the past two months.
  • The declines played a big role in declining markets that were already jittery about macroeconomic uncertainties.
  • Three market observers say that the waning treasury activity could continue to weigh on markets.

The rise in Bitcoin, Ethereum, and other corporate crypto treasuries helped fuel the summer’s massive market gains. Now their slowing growth has played a large role in sapping prices already sensitive to inflation and other macroeconomic uncertainties.

The treasuries’ waning activity could continue to weigh on markets with volatility likely to remain heightened in the near-term, three market observers told Decrypt.

“When treasuries stop buying, it removes an important demand floor and undermines confidence in the balance-sheet-as-strategy narrative,” Joe DiPasquale, CEO of crypto fund manager BitBull Capital, wrote in a text to Decrypt. “At the same time, forced liquidations in derivatives and broader risk-off sentiment have accelerated the decline, creating a feedback loop that pressures both crypto assets and the equities tied to them.”



Bitcoin was recently trading at about $109,400, off more than 5% over the past week, according to crypto markets data provider CoinGecko. At one point Friday, the largest cryptocurrency by market value dropped below $109,000 for the first time since September 1. Ethereum and other major altcoins have also fallen deeply into negative territory.

Those latest declines have come as Bitcoin treasury buys have plummeted to just 12,600 BTC in August, and 15,500 so far this month—a combined total that is less than half the amount that firms acquired in July, according to data analytics provider CryptoQuant.

“We’ve seen treasury accumulations cool off compared to the summer, when companies were buying at a record pace,” Michael McCluskey, CEO of Sologenic—which offers a decentralized exchange and related services—told Decrypt. “That slowdown has coincided with softer prices in Bitcoin and other major cryptocurrencies, which makes sense given how much corporate demand was propping up the market.”

McCluskey added: “In the short term, the absence of steady buying leaves the market more exposed to volatility.”

A number of treasury firms’ share prices have plunged along the way, with Solana treasury Helius Medical Technologies falling 38% over the past week and Ethereum-focused BitMine Immersion sinking more than 13% over the same period.

Bitcoin-minded Strategy—the originator of the pivot-to-crypto accumulation move—and Metaplanet each fell about 9%, the latter coming despite the Japan-based firm’s latest purchase of more than 5,400 BTC on Monday and a favorable analyst rating a day later. Helius and several other companies that raised money through private placement in public equity (PIPE) deals are changing hands well off their issue prices.

Going forward, some treasuries may encounter additional challenges, with The Wall Street Journal reporting on Thursday that financial regulators are now exploring unusually high trading volumes and dramatic share price increases among among them.

Still, in a text to Decrypt, Gerry O’Shea—head of global market insights at crypto asset manager Hashdex—wrote that Bitcoin could hit $140,000 or higher by year’s end, with corporate treasuries helping to spark a rally.

“Corporate treasury adoption will remain a big part of this demand, even as many of these publicly traded companies face near-term headwinds from volatility and scrutiny from investors regarding their specific strategies,” he wrote.

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Mutuum Finance crosses $16.2m raised with 500% token growth
GameFi Guides

Mutuum Finance crosses $16.2m raised with 500% token growth

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Mutuum Finance has drawn attention in 2025 with its fast-growing presale, lending protocol features, and plans for long-term scalability.

Summary

  • The Mutuum Finance presale has raised over $16.2 million, gained more than 16,000 holders, and shown steady price growth across multiple phases.
  • The project introduces dual lending markets, oracle integration, and Layer-2 expansion to support decentralized borrowing and lending.
  • Security measures include a CertiK audit, a $50,000 bug bounty program, and incentives aimed at building investor confidence.

The 2025 crypto market is witnessing renewed enthusiasm for projects that combine utility with strong presale momentum. Mutuum Finance (MUTM) has emerged as one of the most notable names in this category, drawing investor attention by raising more than $16.2 million and securing a rapidly growing community. With its presale already showing structured appreciation and a roadmap filled with utility-driven features, analysts say Mutuum Finance is positioning itself as a standout DeFi project ahead of its official launch.

Mutuum Finance

Mutuum Finance launched its presale in early 2025 with tokens priced at just $0.01 in Phase 1. Since then, the project has advanced steadily through five completed stages and is now priced at $0.035 in Phase 6, reflecting a 350% appreciation so far. According to the roadmap, the token will officially debut at $0.06, marking a 500% increase compared to its starting point.

Momentum behind the presale has been strong. To date, Mutuum Finance has raised over $16.2 million in funding, attracted more than 16,550 holders, and sold upwards of 730 million tokens. Each presale phase introduces a 15–20% price increase, creating consistent urgency for investors who want to enter before the next adjustment. Analysts say this structured model has fueled confidence by rewarding early participants while keeping demand steady throughout each stage.

Adding to the appeal is the Top 50 holders dashboard, which tracks leading investors in real time and will reward them with additional MUTM tokens at launch. This system encourages deeper commitment from participants while strengthening long-term community engagement. Alongside this, a $100,000 giveaway campaign is underway, offering ten winners the chance to secure $10,000 worth of MUTM each, further highlighting the project’s focus on adoption.

Analysts also note that presale growth reflects both retail demand and the participation of larger investors. Reports of six-figure commitments in recent weeks signal that institutional players are starting to take notice, helping to bolster sentiment and presale momentum.

Dual-lending markets, borrowing rates and mtTokens

At the heart of Mutuum Finance is a decentralized lending and borrowing protocol designed around dual lending markets. The Peer-to-Contract (P2C) model allows users to deposit assets like ETH or BNB into pooled markets, with borrowing rates adjusting dynamically based on utilization. Meanwhile, the Peer-to-Peer (P2P) model provides flexibility by allowing participants to negotiate custom lending agreements, even for tokens not typically supported in pooled markets, such as DOGE.

Borrowers benefit from both variable and stable interest rates, giving them control over repayment predictability. Lenders, in turn, receive mtTokens, which are issued at a 1:1 ratio to deposits and serve as proof of ownership. These tokens can accrue yield and, according to the roadmap, will also play a role in the platform’s safety module, where they can be staked to unlock additional rewards.

Importantly, the roadmap states that a beta version of the platform will launch alongside the token’s official debut at $0.06, giving investors and users immediate access to these lending and borrowing features. Analysts say this early functionality sets Mutuum Finance apart from many presale projects that debut without a working product, increasing its chances of securing early listings on major exchanges.

Layer-2 and Oracles: Analyst views on value

Mutuum Finance is also preparing for a Layer-2 integration that will reduce transaction costs and improve scalability. Combined with plans for multi-chain deployment, this expansion is expected to open the protocol to a broader user base across ecosystems.

On the technical side, the project is incorporating oracle infrastructure such as Chainlink data feeds to ensure accurate pricing and reliable liquidations. Analysts note that robust oracles are critical for maintaining fairness and solvency in lending protocols, and Mutuum’s commitment to this infrastructure strengthens its long-term credibility.

From a valuation perspective, experts argue that these upcoming features could significantly influence MUTM’s trajectory. Conservative projections place the token between $0.10 and $0.15 in the short term, while mid-term growth tied to oracle deployment and Layer-2 adoption could lift it toward the $0.25–$0.40 range. Bullish forecasts place MUTM closer to $0.75, translating into a 15x MUTM value increase from today’s presale price once adoption unfolds as expected.

Security, bug bounty, and investor confidence

Beyond presale momentum and roadmap milestones, Mutuum Finance is putting equal weight on security and transparency. The project has completed a CertiK audit with a 90/100 token score, placing it among the highest-rated audited DeFi projects. To further safeguard users, the team has launched a $50,000 bug bounty program, structured across four tiers, to incentivize security researchers and developers to identify vulnerabilities before launch.

These initiatives reflect a broader strategy to build confidence among both retail and institutional participants. Combined with community incentives like the $100,000 giveaway and Top 50 holders rewards, Mutuum Finance is demonstrating that its focus extends beyond fundraising to building a secure, engaged, and scalable ecosystem.

To learn more about Mutuum Finance, visit the official website and socials.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.



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Flora Growth Corp. Raises $401M To Launch 0G Token Treasury
Crypto Trends

Flora Growth Corp. Raises $401M to Launch 0G Token Treasury

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Flora Growth Corp., an international pharmaceutical distributor, has announced a $401 million funding initiative, including a $22.88 million strategic investment from DeFi Development Corp., a leading Solana treasury company. This collaboration aims to launch an innovative AI-powered treasury strategy for Zero Gravity (0G) coin.

In its official news blog, Flora said that upon closing the transaction, the company expects to rebrand itself as ZeroStack and retain the “FLGC” ticker symbol. Flora has initiated this investment collaboration to incorporate innovative DeFi solutions into conventional business models and utilize AI technology to enhance treasury management. 

Flora has raised more than $366 million in digital assets and $35 million in cash and is now involved in a private placement transaction (“PIPE transaction”) to buy and sell its common shares at $25.19 per share. In this deal, each 0G token contributed in-kind loans, valued at $3.00. Additionally, certain cash investors and those who fund their purchases with 0G tokens will receive pre-funded warrants that can be exercised once the company receives shareholder approval.

“AI isn’t just transforming what companies do, it’s transforming how they must build infrastructure,” said Daniel Reis-Faria, incoming Flora Growth CEO. “This treasury strategy offers institutional investors equity-based exposure to the foundational infrastructure enabling transparent, verifiable, large-scale, cost-efficient, and privacy-first AI development.” 

The firm also said that 0G has been successful in training a 107 billion parameter model using distributed clusters over low-throughput internet connections. This shows a 357 times better performance than previous research from Google (DiLoCo) and proves that large AI models can be trained well without needing a central system. Additionally, distributed networks can now manage the complex computing tasks that were once believed to need centralized data centers. 

0G’s leap into decentralized AI infrastructures

0G is the first-ever Web3 AI company to vertically integrate its proprietary storage network, compute network, and training marketplace to fully decentralize AI workloads. This infrastructure is bundled into an all-in-one operating system, offering highly performant AI tools for seamless integration by Web2 and Web3 builders.

DeFi Development Corp. is at the forefront of the investment. It is the first Solana-based Digital Asset Treasury (DAT) company, which accumulates and compounds SOL tokens. Other firms participating in the investment are Dao5, Abstract Ventures, Dispersion Capital, Blockchain Builders Fund, and Salt. 

“We’re thrilled to partner with FLGC on this fundraiser and look forward to driving a deep collaboration between 0g and Solana,” said Joseph Onorati, CEO of Defi Development Corp, adding, “DFDV is excited to support AI adoption across Solana.” 

Following the closing of this PIPE transaction, which is expected to be around September 26, subject to customary closing conditions, Flora intends to use the proceeds of the deal to acquire additional 0G token, the native cryptocurrency of the 0G ecosystem.

Also Read: Trust Wallet Token Price Surges 30% to $1.26 Following CZ X Post



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Shiba Inu: Shibarium Adds 10,000 Transactions in Day, but Growth Still Flat
GameFi Guides

Shiba Inu: Shibarium Adds 10,000 Transactions in Day, but Growth Still Flat

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Shiba Inu Layer 2 Shibarium has added 10,000 transactions more within the last 24 hours, but transaction growth still remains flatlined.

According to Shibariumscan data, daily transactions for Sept. 19 came in at 17,410, which remains much lower than the over 4 million experienced in late August but higher than Sept. 18’s figure of 7,110.

Taken from the Sept. 18 figure of 7,110, the daily transaction figure of 17,410 achieved in the past day marks an increase of 10,300.

On Aug. 21, Shibarium saw daily transactions of 4.69 million, after which it suffered a plunge to as low as 84,090 on Aug. 28. Since this date, Shibarium’s daily transactions have remained in thousands, however rising briefly to 1.26 million on Sept. 6 before declining again.

Transaction growth stalls in September

According to the daily transactions graph provided on Shibarium, it can be seen that transaction growth flatlined for most of September, except for a brief rise to 1.26 million on Sept. 6 and then 490,230 on Sept. 7, as well as 150,810 on Sept. 3. For other days, the transaction count remained less than 20,000.

September is deemed a weak month for cryptocurrencies and the general markets; however, it remains uncertain if the drop in Shibarium transactions might have been due to the bearish September seasonality sentiment. The recent Shibarium bridge exploit, following which stake/unstake functionality was paused on the platform, might have also contributed to this sentiment.

This stall in transaction growth has impacted total transaction count, which is currently at 1,568,294,633, as it hasn’t seen an exponential increase since September’s start.

According to Shibariumscan data, Shibarium’s total blocks have surpassed 13 million, with the most recent count at 13,163,462. Total addresses now stand at 272,485,122.



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Solana Institute President Spotlights Key Trend Driving Crypto Growth
GameFi Guides

Solana Institute President Spotlights Key Trend Driving Crypto Growth

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In a recent tweet, president of Solana Institute and former CEO of Blockchain Association, Kristin Smith, highlights a new trend driving growth in the crypto market: DAT or Digital Asset Treasury.

In light of growing adoption for cryptocurrencies, DATs have emerged, which are companies making digital assets a core balance-sheet strategy, actively deploying tokens (staking, validators, liquidity) rather than simply holding them.

The emergence of crypto ETFs and digital asset treasury (DAT) companies might reflect crypto’s growing acceptance.

1/ We’re seeing an explosion of @Solana-focused Digital Asset Treasury (DAT) companies — giving everyday investors new pathways to access Solana.

🧵

— Kristin Smith (@KMSmithDC) September 19, 2025

Smith points to an increasing trend of companies exploring Solana as a digital treasury asset: “We’re seeing an explosion of Solana focused Digital Asset Treasury (DAT) companies — giving everyday investors new pathways to access Solana.”

Solana DATs on rise

Kristin Smith, the president of Solana Institute, pointed out that the past few weeks have seen multiple Solana DATs launch. These include DeFi Dev Corp and Upexi, which has chosen Solana as its treasury reserve asset.

Nasdaq-listed SOL Strategies joins this list as an institutional bridge to Solana, connecting traditional finance and crypto through institutional-grade validators.

Forward Industries (FORD) is Solana’s first billion-dollar publicly traded treasury. FORD became the largest SOL treasury earlier this week after acquiring 6.82 million SOL, representing 1.26% of the total supply.

This week, Nasdaq-listed Helius in partnership with Pantera Capital and Summer Capital announced over $500 million in funding to launch a SOL treasury company.

According to Smith, this might just be the beginning as innovative vehicles like DATs are emerging, channeling capital to where it is most productive.





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Solana’s Alpenglow upgrade vote passes with 98% approval
Crypto Trends

Solana price sees bullish momentum as institutional inflows and DeFi growth accelerate

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Solana recently broke through the $240 resistance level, with institutional investors driving momentum.

Summary

  • Solana is seeing strong momentum, with recent multi-month highs
  • Pantera Capital and Helius are accumulating significant SOL positions
  • DeFi market activity continues to grow, especially for memecoins

Solana has seen renewed momentum, pushing through major resistance levels and drawing attention from institutional buyers. On Tuesday, September 16, SOL traded at $234.85, having corrected from the eight-month high of $249.12 it reached two days earlier.

Despite the correction, Solana’s (SOL) institutional momentum continued. On September 15, Helius Medical Technology unveiled a $500 million treasury strategy, financed through a private equity offering. Notably, the move sent its shares up 140%.

Moreover, on September 16, Dan Morehead, the founder of Pantera Capital, revealed that the investment firm allocated as much as $1.1 billion to SOL. He explained that Solana is the firm’s biggest bet, viewing it as the most promising among blockchain networks.

Solana memecoins see a major rally

At the same time, Solana is seeing a significant uptick in DeFi activity, largely due to memecoins. Solana-based Pump.fun once again broke $1 billion in daily volume, which coincided with a broader rally in the memecoin market.

For instance, Pudgy Penguins (PENGU), currently the largest Solana memecoins, were up 4.0% on September 16. The memecoin reached $0.03381 per coin and a market cap of $2.1 billion. At the same time, Bonk (BONK) was up 3.9%.

With markets expecting Federal Reserve rate cuts to be imminent, risk assets are among the biggest beneficiaries. This applies both to Solana and to memecoins. At the same time, with Bitcoin near its all-time highs, traders are increasingly cycling into altcoins to chase bigger gains.

For Solana, this creates a boon on two levels, both directly through its price and indirectly by boosting its DeFi activity and total value locked.



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