The Sol Street Journal - Issue #4
November 26, 2025
Welcome back to a new issue of The Sol Street Journal, your bi-weekly selection of internet capital bites.
Before we start: tomorrow, we’re back on X with our monthly Solana Recap: timeline speedrun and live reactions with guests from Kumeka Team and PotBot.
🗓️ Nov 27, 3 pm CET - Set your reminder!
The past two weeks kept the market in the red. Call it early Santa-season branding? Who knows... What we do know is that Solana didn’t take a break.
Here are the updates that cut through the noise.
🩷 ETF Szn Stays Strong
VanEck’s Solana ETF, $VSOL, is now live and trading.
The Canary Marinade Solana ETF $SOLC is officially live on the Nasdaq Exchange.
21Shares US launches $TSOL, offering US investors cost-efficient exposure to Solana, along with integrated staking features.
Fidelity‘s $FSOL gets listed on the NYSE.
👑 Milestones
The everything chain continues to lead all L1s and L2s in DEX volume for the 14th straight week
Solana crosses 100,000 RWA holders
ETFs record an 18-day streak of net inflows, reflecting sustained accumulation from institutional investors
BitwiseInvest’s $BSOL leads the way with over $500M in AUM
📊 DEXs & Prediction Markets
Phantom launches Phantom Terminal: a new all in one platform for pro-level trading.
On-chain trading platform Vector is being acquired by Coinbase.
MON (monad) lists on Solana
💧 DeFi, Payments & RWAs
Solv Protocol, the largest on-chain BTC treasury, is now on Solana, with deposits open from November 24
HastraFi launches on Solana: DeFi-ready RWAs with yields backed by institutional-grade products
In its first week, the Loopscale RWA USDG Vault surpassed $10 million in deposits
Solomon raised $102M+ through MetaDAO’s Unruggable ICOs with 6,603 participants, highlighting USDv’s security model backed by segregated, insured dollar reserves
Cash App is set to enable USDC payments powered by Solana in early 2026
Solflare Card is here: spend your Solana USDC instantly, anywhere Mastercard is accepted.
🔧 Infra
Helius introduces Sender, an ultra-low-latency Solana transaction submitter enabling 0-slot landing and greater top-of-block capture.
Jito releases BAM Explorer, a Block Assembly Marketplace that enables transparent, app-driven transaction execution.
Umbra, the Arcium-powered privacy SDK for Solana, opens cohort applications for builders and launches the waitlist for its upcoming privacy-enabled wallet.
🧠 For the Overthinkers
A collection of reports, interviews, and long reads - all worth your bandwidth:
Report - Superteam Germany: Download the Internet Capital Markets Report 2025
Podcast - Bits to Bricks: Ariel Seidman, CEO of HiveMapper, discusses the development of the company’s decentralized mapping technology with Amira Valiani
Report - VanEck: Top 5 Builders Driving Solana’s Dominance
Podcast - Crypto Prime: Nick Ducoff, Head of Institutional Growth at the Solana Foundation, discusses the rollout of spot Solana ETFs and offers his outlook on the network’s future - ETFs, Value Prop, & the Future
That’s a wrap for today!
Thanks for reading, we’ll see you again Wednesday, December 10: same street, new stories.
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