Solana News

Solana (SOL) was launched in 2020 by Anatoly Yakovenko as a high-performance blockchain designed to support thousands of transactions per second through its innovative Proof of History consensus mechanism combined with Proof of Stake. Built to compete directly with Ethereum, Solana offers developers fast transaction speeds and low fees, making it attractive for DeFi applications, NFT marketplaces, and Web3 gaming platforms.

The Solana ecosystem has rapidly expanded to include major DeFi protocols like Serum and Raydium, popular NFT collections, and gaming projects that leverage the network's speed and cost advantages. Despite experiencing several network outages that raised questions about decentralization and stability, Solana has maintained strong developer activity and institutional backing, with SOL serving as both a utility token for transaction fees and a staking asset for network security.

At CoinDesk, we cover comprehensive Solana news from protocol developments and network performance to the thriving NFT and DeFi ecosystems built on the platform. Our reporting tracks Solana's technical improvements, major partnerships, institutional adoption, and the ongoing efforts to address network reliability concerns while maintaining its competitive edge.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person.

Markets

StraitsX to debut Singapore and U.S. dollar stablecoins on Solana for quick currency exchange

The debut will enable instant swaps between SGD and USD on Solana, facilitating digital forex trading.

By Omkar Godbole, AI Boost23 hours ago

Singapore skyline (Mike Enerio/Unsplash, modified by CoinDesk)

Markets

CME Group Expands Crypto Derivatives With Spot-Quoted XRP and Solana Futures

These are CME’s smallest crypto contracts to date, aimed at active participants who prefer to trade in spot market terms without managing contract expiries or rollovers.

By Francisco Rodrigues, AI BoostDec 15, 2025

Price and depth chart on laptop (Austin Distel/Unsplash/Modified by CoinDesk)

Finance

Ondo Finance to Offer Tokenized U.S. Stocks, ETFs on Solana Early Next Year

The platform will enable 24/7 trading of U.S. stocks and exchange-traded funds with near-instant settlement, building on Ondo's existing $365 million in tokenized assets.

By Francisco Rodrigues, AI BoostDec 15, 2025

Stock market price charts (Anne Nygård/Unsplash)

Finance

Prediction Markets Are Coming to Phantom's 20M User Via Kalshi

Phantom users will be able to chat and trade Kalshi's prediction markets with any Solana-based tokens, CEO said.

By Krisztian SandorDec 12, 2025

Kalshi will have a prediction contract weighed by the Commodity Futures Trading Commission. (Jesse Hamilton/CoinDesk)

Finance

JPMorgan Pushes Deeper Into Tokenization With Galaxy's Debt Issuance on Solana

Galaxy’s onchain debt deal, where JP Morgan acted as arranger, was settled in USDC stablecoin and backed by Coinbase and Franklin Templeton.

By Krisztian SandorDec 11, 2025

Finance

Sky's Keel Starts $500M Investment Campaign to Boost RWAs on Solana

The Tokenization Regatta aims to allocate funds and support to projects bringing tokenized real-world assets to the Solana network.

By Krisztian SandorDec 11, 2025

Finance

Marketnode, Lion Global Bring Singapore-Vaulted Gold Fund Onchain on Solana

The fund offers exposure to physical gold bars vaulted and insured in Singapore, with traditional custody and an option for in-kind redemption.

By Francisco Rodrigues, AI BoostDec 11, 2025

Stacked gold bars (Scottsdale Mint/Unsplash/Modified by CoinDesk)

Finance

DYdX Launches Solana Spot Trading, Opens Access to U.S. Users

The launch marks a notable shift for the decentralized exchange, which has until now been known almost entirely for its derivatives markets.

By Margaux NijkerkDec 11, 2025

Traders "sell the news" following Fed cut (TheDigitalArtist/Pixabay)

Finance

Bhutan Debuts TER Gold-Backed Token on Solana

The Himalayan kingdom introduced TER, a Solana-based token backed by physical gold and issued through Gelephu Mindfulness City.

By Jamie Crawley, AI BoostDec 11, 2025

Buddha point, Thimphu, Bhutan (Passang Tobgay/Unsplash)

Tech

Helium Expands to Brazil With Mambo WiFi in DePIN Breakthrough

The partnership represents one of Helium’s most significant international expansions so far.

By Margaux Nijkerk, AI BoostDec 10, 2025

Several balloons float against the ceiling