The Sol Street Journal - Issue #6
December 24, 2025
Happy Holidays and welcome to another edition of The Sol Street Journal.
From Abu Dhabi and beyond, the past two weeks delivered a wave of meaningful developments across Solana - capped by Firedancer going live on mainnet 🔥💃.
Breakpoint 2025 was absolute cinema - and the momentum didn’t stop at the stage. From protocol upgrades to product launches, the updates were countless, all pointing in the same direction: shipping, revenue, real returns, and execution at scale.
Let’s unpack the best of.
🏆 Metrics
Solana ecosystem records its second straight year as the most popular blockchain
Solana has led DApp revenue for 19 months straight
Solana ETFs record twelve consecutive days of inflows. In this economy?
CoinGecko@coingeckoThe @solana ecosystem has recorded its 2nd consecutive year as the most popular blockchain ecosystem, capturing 26.79% of global interest in chain-specific crypto narratives in 2025. Read the full study: gcko.io/gcsdsno
12:19 PM · Dec 15, 2025 · 55.6K Views27 Replies · 39 Reposts · 181 Likes
🔧 Infra
After three years of development, Firedancer goes live on mainnet, already producing 50,000 blocks and pushing the network toward 1 million TPS
Light Protocol announces Light Token, a new token standard on Solana that’s 200x cheaper than SPL and fully DeFi-compatible
NEAR Intents integrates Solana into its multi-chain routing stack
Introducing Solana Keychain, a flexible backend-agnostic signing library for TypeScript and Rust
The x402 Starter Kit adds support for Solana
Allora mainnet is live and available on Solana, making predictive intelligence a composable, onchain standard for smarter DeFi applications and AI agents
Harmonic launches the first block-level Solana explorer, unlocking block-level transparency
Magicblock Announces Four Protocol Upgrades at Breakpoint, targeting faster execution, more efficient state handling, and hardened infrastructure
📊 DEXs & Prediction Markets
Phantom adds Kalshi prediction markets directly into the wallet
Parasol debuts on stage at Breakpoint 2025: the zk-powered engine that makes Solana the onchain perps machine
Drift introduces Drift V3, featuring 10x faster execution, 10x lower slippage, gasless trading, native multi-collateral perps, and a mobile app slated for Q1 next year
Ellipsis Labs launches Phoenix Perpetuals, a new Solana-native derivatives exchange focused on performance and execution quality.
Coinbase unlocks DEX trading for Solana tokens in-app
💧 DeFi, Payments & RWAs
Solana Mobile unveils the Seeker Economy at Breakpoint ’25, including stack integration at the Android device chipset level and the SKR airdrop
Solflare introduces Magic AI (Alpha), an AI-powered wallet assistant to simplify transactions, and launches Shield, a credit-card-sized hardware wallet to protect your portfolio in a single tap
Visa introduces USDC stablecoin settlements for U.S. banks on Solana
SLX sale goes live on Legion. SLX is the governance token of Solstice Finance, an institutional-grade infrastructure built for retail access on Solana
Plume’s Real-world yield is live on Solana. More than 20 million users can access Plume’s native yield layer
Ronin Wallet now supports SOL deposits for cross-chain swaps
🩷 TradFi & RWAs
InvescoUS and Galaxy launch the Invesco Galaxy Solana ETP (QSOL), offering a regulated access to SOL
Ondo Finance plans to introduce tokenized stocks and ETFs on Solana in early 2026.
Forward Industries (NASDAQ: FWDI) tokenizes its SEC-registered shares on Solana via Superstate
Lightspeed, the first dedicated investor relations platform, is coming to Solana. Early access is now available
Bhutan launches Sovereign-Backed Tokenized Gold on Solana
🧠 For the Overthinkers
A collection of reports, interviews, and long reads - all worth your bandwidth:
Breakpoint Talks - Kyle Samani: 199 talks at Breakpoint 2025 collected in a thread
Video Interview - SolanaFloor: Bitwise CIO Matt Hougan explains why Solana is becoming the top institutional pick
Solana Money Summit 2025: Fireside Chat with Mike Cagney (Figure) and Erbil Karaman (Huma Finance)
Video Interview - SolanaFloor: Raoul Pal discusses the delayed “Banana Zone” at Solana Breakpoint
Research - Syndica: Deep Dive on Solana DApps Revenue - November 2025
Podcast - Sol Brothers: Why the Internet Is Broken and What DoubleZero Is Fixing with Austin Federa, DoubleZero
That’s a wrap for Issue #6.
See you again next year, on January 7th - same street, new stories.
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