The Sol Street Journal - Issue #17: Beating CEXes in a Bear
June 10, 2026
Welcome back to a new edition of The Sol Street Journal!
Yeah, the charts look rough. We see them too. But while everyone was busy watching prices go down, Solana quietly started beating CEXs on spot trading volume, Pokémon packs became DeFi collateral, and agents started spending money on their own… Turns out the everything chain has better things to do than care about market conditions.
Let’s see what happened.
👑 Milestones
Tokenized stock holders on Solana hit a new ATH, crossing 200k for the first time
Solana holds 97% of cumulative tokenized equities spot trading volume. The rest of the chains are splitting the remaining 3%
Solana dApps cross $90M in revenue in May, more than any other L1 or L2 in the same window
Solana leads the collectibles market with nearly 60% of total volume and 3M+ cards distributed in 2026 alone
App revenue, collectibles, tokenized assets, and stablecoin supply - everything’s printing new records in the same week
HYPE and ZEC each post more spot volume on Solana than all CEXes combined in a single 24h window. Global spot market share is up for grabs
💼 The New Home For TradFi
Solana Summit: Washington x Wall Street lands in Chicago on June 16 - policymakers, regulators, institutional investors, and builders, all in one room
Mastercard rolls out always-on stablecoin settlement on Solana. 3.7B cards, 210+ countries, with intraday, holiday, and weekend settlement onchain
Backpack introduces Backpack Securities: on/off-ramp stocks between traditional brokerage and Solana, combining ownership, tokenization, and unified portfolio infra
Solana@solanaBREAKING: Mastercard is introducing always-on stablecoin settlement on Solana. 3.7 billion cards. 210+ countries. One of the largest payment networks on earth, now settling onchain.
11:00 AM · Jun 3, 2026 · 305K Views519 Replies · 1.04K Reposts · 5.49K Likes
🫡 Everything on Solana
Anodos, the leading DeFi team out of XRPL, is coming to Solana - bringing their flagship super app with them
CADC, the Canadian dollar stablecoin, is now live on Solana
Solana goes live on Axelar Mainnet, unlocking cross-chain messaging and asset transfers across every Axelar-connected ecosystem
Stronghold expands its SHx token network to Solana, powered by Axelar
📊 DEXs & Prediction Markets
Termina announces a high-fidelity simulation environment to sharpen trading outcomes before strategies go live
Streamex and Orca launch 24/7 onchain secondary liquidity for regulated tokenized securities, with permissioned pools live and GLDY as the first listed asset
Bulk DEX kicks off Season 1 with pre-deposits and 1M AURA tokens distributed each week
Phoenix Exchange launches on mobile and opens cross-chain deposits: send USDC or USDT from Ethereum, Base, Arbitrum, or HyperEVM and it arrives as Solana USDC, ready to trade
Sunrise and Meteora introduce Dynamic Assets: a new token category for real-world things people want to trade but can’t access elsewhere. First up: $SV151, tokenized shares of sealed Pokémon SV151 packs, backed by real inventory in audited custody
Predikt brings leverage and tokenized positions to Solana’s prediction markets, cross-market access included
Moonshot launches Moonshot Packs: rip, reveal, and collect memecoins
💧 DeFi, RWAs & Payments
Exponent v2 goes live with flagship markets, Strategy Vaults, and a $200K+ rewards campaign - built for those who outperform in rate markets
ORE launches a quantum-safe smart wallet. Holders can now custody and manage stake secured by Falcon-512 keypairs
Crafts introduces equity-linked tokens: onchain exposure to real company outcomes, seeded on Raydium with fee-share flowing back to the ecosystem
Collector_Crypt and Jupiter bring the $10B TCG market onchain. Vault a graded Pokémon card, mint a pNFT, and borrow USDC against it via Jupiter Offerbook without selling
ReFi Hub brings energy infrastructure RWAs to Solana - a new capital market on the internet
Zodial launches Hyperlooping, the first portfolio-margin lending protocol in DeFi: long SOL against BTC or NVDA against TSLA, all under one cross-margin roof on Solana
Lava Card is live: earn up to 5% back in Bitcoin on every purchase, accepted at 150M+ merchants across 150+ countries
ZINC, the gamified proof-of-work mining protocol, becomes the 3rd-largest protocol by 24h revenue on Solana
xStocks expands into Solflare in collaboration with Kraken: 133 tokenized stocks and ETFs, now available in one clickok
Loopscale Earn goes live: curated vaults that bundle fixed yield, lending, looping, and multi-venue execution into a single position
🔧 Infra
Blueshift ships Web3.js 3.0 - Kit internals with the Web3.js interface on top: smaller bundles, leaner deps, better performance, and no ecosystem-wide rewrite required
Triton One launches a direct HTTP path for submitting Solana transactions
Brewlabs open-sources Qlaster, a shared-memory data streaming service that takes Solana data closer to the validator source and cuts RPC out of the critical path entirely
Helius migrates 300TB+ of Solana archive data from ClickHouse to RocksDB, cutting storage in half and making the slowest queries 10x faster
✨ For the Buildoors
MonkeFoundry Cohort 2 applications are open, closing June 12 — hands-on support, ecosystem visibility, and resources for ambitious teams building on Solana
SheFi partners with Solana to launch its largest educational cohort to date
MagicBlock announces Solana Blitz v5: a hackathon focused on trading apps built with Ephemeral Rollups, kicking off June 12
The Solana Foundation launches a dedicated support program for onchain perps and derivatives teams: grants, technical assistance, and distribution all on the table
🤖 Agents > Humans?
Packet MCP goes live: agents can now own wallet-native inboxes, send and receive payments, and maintain persistent onchain communication threads
The Solana Foundation ships native subscriptions and allowances to mainnet: agents can now delegate spend, manage budgets autonomously, and pay for tools directly. From assistants to full economic actors
NoahAI integrates LI.FI skills for one-click bridging, swaps, transfer tracking, and cross-chain DeFi. No manual infrastructure stitching required
🧠 For the Overthinkers
Solana Ecosystem Call - Solana: “It’s a bobbery”. May 2026 recap ft. Sol Brothers
Solana Spreads - X article: A deep dive into Solana’s execution quality with Blockworks Research
Generation Infinity - Podcast: Privacy as the final frontier of human rights, ft. Yannik Schrade, CEO at Arcium
Lightspeed - X article: Understanding Real Economic Value (REV)
Mint Condition - Podcast: How SoFI continues to reshape banking with stablecoins
Generation Infinity - Podcast: An exclusive interview with Emon Motamedi, Head of Solana Incubator
Lightspeed - Report: Solana May 2026 update
That’s a wrap for today.
See you again on Wednesday, June 24 - same street, new stories.
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