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Scaramucci Praises Solana, $500 Trillion Opportunity, DoubleZero Kicks off to Optimize SOL Validators: Solana News Recap

by admin October 3, 2025

Major Ethereum (ETH) rival Solana (SOL) is going to be dominating the digital economy in five years, a seasoned investor says. Meanwhile, the blockchain mocks competitors with its $500 trillion tokenization manifesto.

Solana (SOL) will have biggest market share in five years, top investor Scaramucci says

Solana (SOL), a $125 billion blockchain, will be leading the way in terms of market share amid all L1s in 2030. Such a forecast was shared by Anthony Scaramucci, the founder and managing partner of SkyBridge Capital.

Image via Twitter

The supremacy will be accomplished thanks to the role of Solana (SOL) as a technical architecture for real-world asset tokenization, stablecoins, bonds, stocks and so on. Commercial paper will also migrate to the Solana (SOL) blockchain, the investor says.

He added that numerous banks in the United States are exploring the opportunities of Solana (SOL) as a tech infrastructure layer for their products. The adoption would highlight Solana’s real utility as a technology.

As covered by U.Today previously, Anthony Scaramucci frequently says that Solana (SOL) has all the chances to flip Ethereum (ETH) by market capitalization in the near future.

$500 trillion manifesto released for Solana (SOL) community

In a semi-ironic manner, Solana (SOL) is asking all of its community enthusiasts not to sleep on the next big thing, i.e., tokenization of NASDAQ-listed shares on the blockchain.

Image via Twitter

Solana’s (SOL) official account echoes the statement by Max Resnick, former Ethereum (ETH) researcher and lead economist of Solana (SOL) software developer Anza.

At the moment, the statement says, there is no opportunity for any other chain to onboard tokenized stocks as Solana can.

Trillion dollars in securities are not asking to come on chain. They are coming to Solana whether we like it or not. We need to prepare.

The result of this synergy would be mutually beneficial for both Solana (SOL) and the stock trading process as such. Solana (SOL) has all the chances to accomplish the status of “world’s economy” provider in a “few quarters.”

As covered by U.Today previously, Solana (SOL) set a number of records in the RWA tokenization processes. In Q3, 2025, the protocol hit an all-time high in USD-denominated value of all tokenized products over $418 million.

DoubleZero (2Z) finally launches in mainnet beta, token collapses

Yesterday, Oct. 2, 2025, DoubleZero (2Z), a protocol designed to optimize collaboration in high-performance systems, announced the activation of its beta mainnet phase. Currently, the network’s main focus is the optimization of Solana (SOL) validator interaction with each other.

A new, faster internet is here.

DoubleZero’s high-performance global network is now live on mainnet-beta powered by 2Z.

Welcome to the world of high-performance networking. pic.twitter.com/RrlM95ZP7s

— DoubleZero IBRL/acc (@doublezero) October 2, 2025

Haseeb Qureshi, managing partner at Dragonfly, a crypto fund, and a DoubleZero investor, explained the groundbreaking importance of the protocol:

The only path to true speed-of-light transmission is dedicated fiber. That’s how YouTube moves data around the world—you can’t match it over the public Internet. 2Z is building that for blockchains. If it works, it will be bigger than just blockchains.

Despite being in a very nascent stage, the protocol has already accomplished 100 million SOL staked on DoubleZero.

The project has already released its token, dubbed 2Z. After hitting a peak price of $1.53, the token collapsed to $0.53 in just two hours. The community criticized the token for the imbalanced economic model, while some also suspect marketmakers on mass-selling their allocations.

The token was immediately listed by Binance, OKX, Upbit and other tier-1 exchanges. At the same time, it continued to drop. As of press time, 2Z is available at $0.51 in USDT pairs.

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October 3, 2025 0 comments

Crypto Trends

Canton Network Activity Surges as Exchanges Join Validators: Copper Research

by admin October 1, 2025

Copper Research says usage of the Canton Network, a blockchain built for regulated finance, has quietly surged, with validator activity now including major U.S. exchanges alongside banks and infrastructure firms.

Just over a year after launch, Canton has reached a scale unmatched by prior institutional blockchains, thanks to backing from Goldman Sachs (GS), HSBC (HSBC)and Broadridge (BR), the crypto custody firm said in a Wednesday report.

The report noted that Broadridge alone processes more than $5.9 trillion monthly in tokenized U.S. Treasury repos on the network.

Exchanges including Binance U.S., Crypto.com and Gemini (GEMI) are also running validators, while Kraken has signaled a possible listing of Canton’s token. Though no exchange has confirmed plans, Copper said that such a listing would be unprecedented for a permissioned blockchain backed by major financial institutions.

Network activity is also accelerating. Canton recorded more than 500,000 daily transactions by September’s end, more than USDC and USDT transfers combined in the same period and approaching Ethereum’s volumes. Copper Research stressed that this activity is already driven by live institutional applications, not pilots.

According to the analysts, favorable regulation and Canton’s privacy-focused, interoperable design make it well-suited for shared institutional platforms.

Versana, backed by JPMorgan (JPM) and Wells Fargo (WFC), now has seven global banks sharing syndicated loan data, while Goldman Sachs’ DAP has supported tokenized bond issuances.

This institutional adoption is what sets Canton apart, the report added.

Read more: Chainlink Chosen by Privacy-Focused Blockchain Canton to Push Institutional Adoption

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October 1, 2025 0 comments

NFT Gaming

XRP Ledger Issues Important Migration Alert for Validators: Details

by admin September 22, 2025

A crucial migration alert has been issued to XRP Ledger validators. As part of the migration of assets from the old XRPL Foundation (now known as Inclusive Financial Technology Foundation) to the new XRPL Foundation, the old XRPL Foundation’s published UNL, known as the default UNL or dUNL, is also being migrated.

With the new XRPL Foundation UNL currently active, validators whose XRP Ledger node currently trusts the UNL published by the old XRP Ledger Foundation are urged to migrate to it by making some changes to their rippled configuration.

Failure to switch or update to the new settings might cause validator nodes to stop loading the XRPL Foundation’s trusted validators list from Sept. 30, 2025, and entirely on Jan. 18, 2026, when the now-deprecated UNL expires.

For validators, if their rippled configuration remains unupdated within these timelines, the node could stop connecting to the network if it relies exclusively on the (old) UNL published by the XRPL Foundation. Also, there is a chance of disruption if referencing the old foundation list along with other lists, which makes the migration of the utmost importance.

‼️ Very Important.

The XRP Ledger Foundation dUNL migration deadline is approaching.

Please make sure you have the new validator list and keys to continue using it. https://t.co/uSoWDZKKBd

— Vet 🏴‍☠️ (@Vet_X0) September 22, 2025

Vet, a dUNL validator on the XRP Ledger, shared this crucial information in an X post, noting that the XRP Ledger Foundation dUNL migration deadline is approaching — it is only eight days away.

mXRP goes live

In a recent tweet, Axelar Network announced mXRP, a new yield-bearing liquid staked token that kickstarts DeFi on XRPL and unlocks up to 10% APY for XRP holders.

Midas, in partnership with Interop Labs, has announced the launch of mXRP on the Axelar network, a first-of-its-kind tokenized exposure product offering XRP-denominated yield strategies.

The mXRP token is issued on the new XRPL EVM through audited smart contracts. The XRP asset is bridged into the protocol through Axelar, which enables tokenization across over 80 blockchains, broadening access to mXRP.

XRP was trading at $2.84 at press time.

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September 22, 2025 0 comments

NFT Gaming

Ethereum slashes 39 validators after SSV network errors

by admin September 11, 2025

Ethereum faced a rare mass slashing event with 39 validators penalized due to operator errors tied to the SSV Network.

Summary

39 validators tied to SSV Network were slashed after operational errors by Ankr and Allnodes.
Each validator lost around 0.3 ETH, with further losses from inactivity leaks.
Event highlights risks of validator mismanagement as Ethereum faces high exit queues and market volatility.

On Sept. 10, 39 validators were penalized, according to data from blockchain explorer Beaconcha.in. making it one of the largest coordinated slashing events to affect Ethereum (ETH) since the switch to proof-of-stake in 2022.

The incident, which was caused by operator errors related to the SSV Network, highlights the risks associated with poorly maintained infrastructure when staking.

What caused Ethereum’s mass slashing event?

The slashing was linked to third-party staking providers using distributed validator technology. Ankr triggered penalties during scheduled maintenance, while duplicate validator setups during a migration from Allnodes led to further slashing. Every validator lost about 0.3 ETH, or about $1,300, and inactivity leaks worsened the losses.

The penalties, though severe, were not the consequence of malicious activity or protocol errors. Instead, they demonstrate how operational errors can result in substantial financial losses for validators.

Slashing remains rare on Ethereum. Fewer than 500 of 1.2 million validators have been affected since the Beacon Chain launched in 2020, but this event was notable for its scale.

Why it matters

To ensure network integrity, Ethereum’s slashing mechanism penalizes careless or negligent behavior. Despite the use of advanced infrastructure like SSV’s DVT, the Sept. 10 incident demonstrates that human error remains a vulnerability in the system.

The timing coincides with increased strain on Ethereum’s staking ecosystem. Over 699,000 ETH were added to the exit queue in August, causing withdrawal delays of up to 12 days.

According to Validator Queue data, as of this writing, there are over 2.5 million Ethereum waiting to be unstaked, which is an 18-month high. The 45-day wait time currently in effect coincides with a decline in Ethereum price.

Still, institutional interest remains strong. Despite continuous churn, Ethereum has added more than 50,000 new validators since May 2025 in response to U.S. regulatory clarity earlier this year.

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September 11, 2025 0 comments

NFT Gaming

Hyperliquid Validators to Decide USDH Ticker in First Governance Test Following Pushback

by admin September 8, 2025

In brief

Validators will decide the USDH ticker in an on-chain vote scheduled for September 14.
Hyperliquid claims the ticker carries no special privileges, while analysts see it as a push to reduce reliance on USDC.
Analyst estimates suggest USDH could divert $5.5 billion from USDC and generate $220 million annually for HYPE holders.

Hyperliquid, a decentralized exchange and Layer-1 chain, is slated to place the USDH ticker through a validator vote this month, testing the role of onchain governance in shaping its stablecoin strategy.

In an update posted Sunday to clarify guidelines, the team behind Hyperliquid said the vote concerns only the ticker and does not grant USDH “any special privileges by nature of its ticker name,” adding that USDH “will be only one of many such stablecoins” for its chain.

USDH is the project’s proposed native U.S. dollar stablecoin, intended to serve as an alternative to bridged assets like USDC.

The proposal deadline is September 10 at 10:00 UTC, with validators expected to declare by September 11 before voting takes place on September 14 between 10:00 and 11:00 UTC.

Hyperliquid also said that quote assets, the base currencies used to denominate trading pairs, will become permissionless after upcoming technical upgrades, allowing anyone to create new pairs without approval.

It’s worth noting that the Foundation’s validators will abstain from the vote by aligning with whichever team secures the most non-Foundation support, a mechanism meant to reduce perceptions of centralized influence while keeping the process stake-based.

Still, the vote comes amid unease from some existing stablecoin teams on Hyperliquid, who argue that reopening the USDH ticker risks disadvantaging protocols that were previously forced to build under different names.

Testing opposition

Observers told Decrypt the USDH vote could be a test of Hyperliquid’s effort to use governance to reduce stablecoin dependence.

By putting the ticker to a vote, Hyperliquid is showing that it is “consciously positioning itself in opposition to the centralized control characteristic of many exchanges,” Jaehyun Ha, research analyst at quantitative trading firm Presto, told Decrypt. Such a move elevates “community oversight and transparency as central pillars of its strategy,” he added.

The governance model also “reinforces Hyperliquid’s narrative that it is building a “Hyperliquid-aligned, compliant USD stablecoin” supporting its ecosystem, instead of “relying on external issuers,” Ha said.

The economic design of USDH is also central to its intended role within the Hyperliquid ecosystem.

Hyperliquid’s planned stablecoin aims to cut reliance on USDC and recycle reserve income, with estimates suggesting a 15% liquidity share could divert $5.5 billion and yield $220 million annually for HYPE holders, Ha said.

At this scale of capture, USDH could transform from a stablecoin to become a “powerful economic lever” within Hyperliquid’s ecosystem, Ha added.

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September 8, 2025 0 comments

Solana price path to $200 stalls as transactions and addresses jump

Crypto Trends

Solana validators vote on Alpenglow proposal to cut finality

by admin August 18, 2025

Solana’s validator community has begun voting on SIMD-0326, the Alpenglow proposal, a upgrade designed to replace the current TowerBFT consensus mechanism with a faster, simpler, and more resilient system.

Summary

Solana validators are voting on SIMD-0326, the Alpenglow upgrade.
Proposal cuts block finality from 12.8s to 100–150ms using off-chain voting.
Community split on the 1.6 SOL Validator Admission Ticket and testing risks.

If approved, Alpenglow proposal would reduce block finality from 12.8 seconds to as little as 100–150 milliseconds, putting Solana’s (SOL) performance closer to Web2 infrastructure.

How Alpenglow works

Developed by Anza, a Solana-focused research team, Alpenglow introduces direct voting, signature aggregation, and a Validator Admission Ticket fee to streamline participation and cut bandwidth costs. Validators will trade votes off-chain rather than on-chain, with cryptographic proof attesting to consensus.

The system is built around Votor, a lightweight voting protocol that finalizes blocks in one or two rounds depending on validator support. Blocks can be certified in a single round with at least 80% approval or in a second round with a 60% threshold. This design reduces network load by eliminating gossip-heavy traffic and formalizes safety guarantees absent under TowerBFT.

The proposal also introduces a fixed 1.6 SOL VAT per epoch, burned to offset inflation while preserving economic barriers to participation. This fee replaces direct vote transaction costs, with supporters arguing it reduces validator expenses by around 20%. Critics, however, warn it may raise entry barriers for smaller operators.

Alpenglow further adopts a “20+20” resilience model, allowing the network to stay live even with 20% adversarial validators and another 20% unresponsive. Future improvements include replacing Solana’s Turbine data propagation system with Rotor, a more efficient protocol that will require separate governance approval.

Debate and governance process

Community sentiment around Alpenglow is split between optimism and caution. Its proponents emphasize how it can streamline validator operations, cut down on finality delays, and facilitate use cases like high-frequency trading and gaming that demand almost instantaneous confirmation. Validators such as Firedancer commended it for eliminating long-standing TowerBFT complications.

Testing, deployment risks, and economic effects are the main areas of concern. While some validators suggest tiered VAT models with stake size-based SOLs ranging from 0.5 to 5, others question how off-chain voting will manage Jito auction procedures without proof-of-history and transaction expirations.

Voting runs from epochs 833 to 842, with participation requiring a two-thirds majority of Yes over No votes and a quorum threshold of 33%, including abstentions. Results will determine whether Solana proceeds with one of its most ambitious consensus overhauls to date.

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August 18, 2025 0 comments