Sep 20, 2026
DeFi Development, a Solana treasury management company, has opened a $300 million stock offering called CHAD, selling up to 30 million shares with a 13% dividend. The offering is backed by the company's Solana holdings, though actual proceeds and SOL allocation remain undetermined.
Solana's Aug. 28 vote on fee reform proposal SGP-0003 failed despite receiving majority support from participating stake, exposing the extent of founder Anatoly Yakovenko's power over the network's governance.
Applications on the two-month-old Robinhood Chain generated $2.66 million in 24-hour revenue, ranking second behind Solana and surpassing Ethereum, Base and other established networks. The network processed a record 5.52 million transactions driven primarily by memecoin launchpad activity.
Solana's proposal to double its annual disinflation rate passed with 176.29 million SOL in favor versus 66.19 million against, after Kraken and Galaxy switched their votes in the final hours. The closely watched governance vote will accelerate the reduction in new SOL token issuance.
Charles Schwab announced plans to add Solana (SOL), Avalanche (AVAX) and Chainlink (LINK) to its crypto trading platform in the coming months, expanding beyond its current Bitcoin and Ethereum offerings to nearly 40 million brokerage accounts.
Solana Company announced its voting positions ahead of the Aug. 22 Solana governance vote, supporting the proposed constitution while opposing economic plans that would reduce token issuance by 18.9 million SOL and implement variable resource fees. The company's stock surged 12% on the news.
Multicoin Capital has exited its stake in Forward Industries, the largest Solana treasury company, according to SEC filings. The crypto investment firm had been one of three lead investors in the company it helped launch eight months prior.
Market maker GSR increased Bitcoin's weight in its Core3 model portfolio on August 5 as cryptocurrency markets experienced significant declines, with Solana falling over 40% year-to-date and the overall portfolio down 57.8% annually. The adjustment comes as cryptocurrencies fail to keep pace with global equities hitting record highs.
Financial operations platform Ramp announced the general availability of stablecoin accounts and payments for its customers, allowing businesses to hold, move, and account for fiat and stablecoin funds through one platform with integrated approvals, controls, and accounting. TheStreet reported that stablecoin deposits are supported across seven blockchain networks, including Solana.
SpaceX is conducting what's set to be the largest IPO in history, with shares listing on Nasdaq while Backpack Securities simultaneously launches SPCX, a tokenized version of SpaceX stock on the Solana blockchain that can be redeemed for underlying shares.
Anza and Jump Crypto's Firedancer introduced Falcon, a post-quantum signature solution for Solana. Falcon has the smallest signature among NIST standards, helping preserve Solana's high-throughput capabilities while addressing quantum computing threats.
Western Union announced it will launch USDPT, a Solana-based stablecoin, next month to serve as an alternative to SWIFT for agent settlements. The company is also introducing a 'Stable Card' for global consumer payments and a network connecting digital wallets to its retail infrastructure.