Multiple Favourable Information for the Solana Ecosystem

In the past week, the Solana blockchain ecosystem has welcomed multiple favourable developments.

Firstly, NASDAQ submitted an 8-K form to the U.S. Securities and Exchange Commission (SEC), planning to expand its cryptocurrency index benchmark from 5 digital assets to 9, including Solana’s native token SOL. This move signifies Solana’s further integration into the traditional financial market, providing institutional investors with more avenues for participation.

The progress of the Solana ETF is also receiving a lot of attention. The SEC has requested that the issuer of the Solana ETF submit a revised S-1 form within a week, which is seen as an important signal for the approval of the Solana spot ETF. The market expects approval as early as July. Some analysts have raised the probability of the Solana spot ETF being approved from 70% to 90%, reflecting the market’s optimistic outlook on regulatory prospects.

In addition, a Nasdaq-listed company announced a $5 billion equity financing limit aimed at accelerating the accumulation of SOL. This move is interpreted by the market as a “MicroStrategy-style” strategic investment, highlighting institutional investors’ confidence in the long-term value of Solana.

In addition to favourable information at the capital and policy levels, the construction of the Solana ecosystem is also continuing to advance. A new hybrid decentralized exchange (DEX) has announced that it will launch on the Solana chain, combining the liquidity of centralized exchanges with the transparency of decentralized finance, bringing innovation to the liquidity of on-chain assets.

Here are the important updates from various sectors of the Solana ecosystem over the past week:

DeFi

• Marinade Select has added 700,000 SOL in this round, becoming the preferred choice for institutional stakers.
• Jupiter is fully integrated with Trends, providing instant token trading, AlphaScan filtering, and Launchpad screening features.
• Kamino has launched $sACRED, which is the first physical asset lending market on the platform, allowing users to collateralize sACRED to borrow $USDC and $USDG at an annual interest rate of 9%.
• The Drift platform has launched dfdvSOL.
• Jito has launched a new JitoSOL/SOL independent pool on Drift.
• Meteora collaborates with the subs.fun team to enhance its DBC experience.
• JPool has launched a new direct staking interface, equipped with a detailed validator dashboard and real-time profit calculator.
• Saros has reached a total staking value milestone of $100 million.

Real World Assets (RWA)

• Parcl Labs has launched a referral program that rewards users for sharing housing insights.
• Usual proposed to use wstETH as the first collateral for the ETH0 synthetic asset.
• A financial platform has announced that it now accepts mSOL as collateral for institutional loans.
• Ondo Finance collaborates with multiple parties to connect banking settlement infrastructure to its blockchain.

AI/DeFAI/AI Agent

• Virtuals announces the introduction of AI agents to the Ethereum blockchain.
• TARS AI expands partnerships to promote $TAI growth.
• Hey Anon releases Build 1.5 version, adding new features and improvements to user experience.
• Orbit completed a repurchase of approximately $250,000 $GRIFT.
• The Hive has launched a new page that offers various features with no wallet access.

DePIN/Infrastructures

• The Graph has launched the Graph Token API Beta version on Avalanche.
• Roam launches a giveaway event of 40,000 $ROAM.
• Helium Mobile launches a children’s plan.
• Aethir launches a new community initiative.
• DIA announced the upcoming launch of mainnet staking.
• sns.sol launched a mini application on Warpcast.
• Wormhole integrates Circle’s CCTP V2.
• Sonic SVM has launched an enhanced token value accumulation mechanism.
• NATIX Network announced a large-scale token burn in May.
• DIA has deployed oracles on the Base mainnet.

Gaming/NFT/Social Finance

• Metaplex has launched a new command line interface to simplify token and NFT management.
• A hardware wallet company has launched a new NFT experience on its platform.

Potential Projects

• Chainstack now supports Unichain.
• Spice AI collaborates with Databricks to expand operational data and AI capabilities.
• Exponent has partnered with DeFi Dev Corp, dfdvSOL is now available.
• time.fun has launched the “Priority Reminder” feature.