Solana News: Network Smashes 100K TPS, SEC Gives New ETF Shocker
Market Overview
Bitcoin's brief rally to a record $124,000 on Aug. 14 was short-lived, with prices slipping below $115,000 as hotter-than-expected inflation data cooled risk appetite across markets.
The pullback rippled across the market, with Solana's ecosystem seeing a 15% drop in trading volume week-on-week, while its total market cap improved from $258 billion to $265 billion.
At the regulatory level, the SEC postponed its decision on Solana ETF proposals from Bitwise and 21Shares until October, keeping investors waiting.
The U.S. state of Wyoming has launched the Frontier Stable Token (FRNT) on Solana and six other blockchains. FRNT is not yet available to the public due to regulatory hurdles.
Source: DeFiLlama
Beyond price and policy, it was a week that pushed Solana performance at full throttle. The result? The network officially smashed through 100,000 transactions per second during stress testing, providing tangible proof of its scalability edge. Speed is no longer just marketing fluff, but proven infrastructure.
Institutional capital is taking note:
Solana-based digital asset products crossed $1 billion in year-to-date inflows, with $176.5 million flooding in just this past week. That's the second-highest weekly flow ever recorded.
The corporate treasury trend is gaining serious momentum. DeFi Development Corp expanded its holdings to 1.42 million SOL worth $263 million. It is now pulling in $63,000 daily from staking rewards alone—not a bad passive income stream.
Additionally, Sol Treasury Corp has increased its position to 14,905 SOL valued at $2.5 million.
Let's unpack this week's key developments in the Solanaverse.
Solana's Performance
Despite this macro backdrop pressuring Bitcoin down, Solana powered through like a beast, climbing from $175 to $180 for a modest but welcome 3% weekly gain.
Source: CoinMarketCap
Investors are now focused on Fed Chair Jerome Powell's upcoming Jackson Hole speech on Aug. 22, where rate cut signals remain uncertain and every word carries weight for crypto. Will the Fed signal a pivot and unlock new momentum for Solana's ecosystem?
L1 Ranking Update
Solana's total value locked (TVL) slightly rose to $10.35 billion, ahead of Bitcoin in third place.
Source: DeFiLlama
DeFi
Solana's weekly DEX trading volume is in the green, edging up 31% to hit $112 billion on the 30-day chart.
Source: DeFiLlama
$1.25 billion in USDC was minted on Solana in a single week, bringing the 2025 total to $24 billion and securing its spot as the second-largest stablecoin chain.
Biggest Winners & Losers
Of the top Solana ecosystems, Chainlink continues to march forward, with 15% gains.
Top Performers
Chintai (CHEX): +44.24%
Useless Coin (USELESS): +34.78%
Waves (WAVES): +27.41:%
nubcat (NUB): +26.37%
Biggest Losers
WhiteRock (WHITE): -31.46%
Mog Coin (MOG): -19.28%
Loaded Lions (LION): -18.23%
Pump.fun (PUMP): -18.16%
SPX6900 (SPX): -17.96%
Source: CoinMarketCap
Latest Solana News
Pump.fun Reclaims Solana Launchpad Dominance
Pump.fun surged to 90% market share after LetsBonk's collapse from over 80% to just 3% in two weeks, with sharp declines in its transactions and active wallets.
Marinade DAO Overhauls Tokenomics
Marinade Finance approved MIP-11, redirecting all protocol fees to its treasury and launching a monthly $MNDE buyback program of up to 500 million tokens, expected to total around $5 million annually.
What You Can Do Now
Track the Jackson Hole symposium to stay ahead of potential market swings.
Monitor Wyoming's updates to catch the FRNT stablecoin launch as soon as it goes live.
Consider cutting back on leveraged trades to manage risk as volatility re-enters the market.
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