Wes 🇺🇸 retweeted
We’re excited to welcome Kyle Samani, co-founder of Multicoin Capital and an early investor in Solana, to Backpack US’s Board of Directors.
Kyle has been one of the most influential voices in crypto, with a longstanding focus on decentralized finance, blockchain infrastructure, and the evolution of global capital markets.
His appointment reflects a shared conviction: the future of global finance will bring institutional risk controls together with the efficiency and transparency of onchain markets.
Welcome, @KyleSamani.
AFTER 500 CALLS IN THE PAST FEW HOURS WE GOT ALL THE VOTES IN THE LAST SECONDS AND PASSED THE DISINFLATION PROPOSAL BY A LITERAL HAIR
THANK YOU TO EVERYONE WHO WAS OPEN TO CHANGING THEIR MIND
LETS GOOOOOOOOOOOOOO WE DID IT
SOL $1,000
Wes 🇺🇸 retweeted
Today is a good day to be a solana:So11111111111111111111111111111111111111112 bull
SGP-0002 Double Disinflation proposal JUST PASSED
Thank you @mert for stepping up late to help push this through. Shoutout to @krakenfx for the late vote change and @galaxyhq for helping push this over the line in the last few minutes. 🙏
Wes 🇺🇸 retweeted
$SOL breaking on through to the other line of the Rainbow. 👀🌈
From "Fair Value" → "Getting Spicy" territory.
Track it & more in real-time. 👇
StateofSOL.com
Wes 🇺🇸 retweeted
Think $SOL is about to make a big comeback and is the most asymmetric major over the next 6 – 18 months.
Some notes.
1. After 10 months in a row of down only, most retail and funds have capitulated, leaving only committed holders
2. One of three index assets alongside BTC and ETH that both retail and institutions will reflexively bid once it’s clear we’re back
3. Highest concentration of revenue generating apps and some of the strongest network effects of any general purpose L1
4. Solana has the most credible path to scale of any L1 w/ slot times approaching 200ms by end of Sept
5. Upcoming SIMDs will strengthen SOL economics through increased fee burns and lower inflation. Estimate Solana REV could 2x – 4x in next year easy
6. Stablecoin volumes rivaling Ethereum, Tron, Base for top payments chain
7. Tokenized equity volumes are ramping with Solana as the leader across all L1s
8. Long tail markets like memecoins, TCG, and MetaDAO “ownership” (startups) coins are all accelerating
9. Social trading apps like Fomo and Pump are onboarding a big wave of new users with Solana as the largest beneficiary
There were many reasons to be critical about Solana over the past year, but the past is becoming past.
Fundamentals look great and the value capture story will only improve with each passing quarter.
Targeting much much higher.
BREAKING: BlackRock files with the SEC to issue tokenized fund shares on Solana.
BlackRock expanded its cash management strategy with the launch of BlackRock Daily Reinvestment Stablecoin Reserve Vehicle ("BRSRV") on Solana.
The world's largest asset manager, with $15 trillion in AUM, is bringing stablecoin reserves onchain.
100M CU blocks are live on mainnet.
SIMD-0286 raises the block limit from 60M → 100M compute units. 66% more capacity. solana.com/upgrades/100m-cu-…
Wes 🇺🇸 retweeted
JTX is now live.
Trade spot markets on Solana—memes, tokenized equities, majors, and more.
The top 1,000 users on the waitlist, ranked by referrals, have access now.
Solana was on ESPN this week. Meanwhile, RWAs hit a $3.62B all-time high, SoFi’s stablecoin crossed $200M in a few weeks weeks, and Securitize tokenized its own NYSE-listed stock on Solana. Prime time, on screen and onchain.
Here's everything that happened:
📰 Headline News
- @world_xyz revealed itself as Solana's native prediction market, available to trade in @Phantom with @Chainlink as primary oracle infrastructure
- Solana’s total RWA value reached a new all-time high of $3.62B
- @SoFi’s SoFiUSD supply on Solana climbed past $200M in five weeks
- @Spiko_finance deployed SAFO, its UCITS-compliant tokenized money-market fund managed by Amundi
📰 Launches
- @RoboStrategy’s tokenized BOT share launched natively on Solana via @Backpack Securities and @sunrise
- @Securitize tokenized its stock ($SECZ) on Solana, mirroring its NYSE listing for global access
- Bending Spoons ($BSPx) debuted on Solana via @xStocksFi, granting global, institutional-price access to the tech company's equity
- @TruYields’ $TRUBILL launched on Solana, introducing permissioned, institutional-grade tokenized U.S. Treasury yield
- @obligatecom deployed oTFY on Solana, bringing in trade-finance RWAs into DeFi as fully composable lending collateral
- @kamino activated the Hyperithm USDC Apex Vault, a curated institutional lending vehicle
- @Perena launched a dedicated RWA interface, connecting non-DeFi users directly to primary issuer vaults with gas-free transactions
- @SGB_app announced a limited-time waiver of minting and bank fees for stablecoins on Solana
- @project0 and @Titan_Exchange enabled one-click looping of Principal Tokens across Project 0, Kamino and Jupiter Lend using Project 0’s credit pool
- @FlashTrade deployed V2 out of beta, introducing sub-50ms execution, 500x leverage, and 2 bps fees across 100+ assets
- Backpack eliminated stock trading fees through July to celebrate the expansion of Backpack Securities
- @SolanaFndn launched Solana Governance Proposals (SGPs), enabling fully onchain, stake-weighted core protocol decisions
- @WSOP returned to ESPN with Solana serving as the official presenting sponsor
- @wormwtf released Worm AI beta, introducing a chat-driven assistant on its leveraged prediction platform
- @MarinadeFinance allied with @SolanaVenezuela to enable users to stake SOL and route the generated yield toward earthquake disaster relief
- @strongholdpay activated cross-chain routing for SHx to Solana via @axelarnetwork and @SquidRouter
- @looftapay went live on mainnet, enabling private crypto transfers to usernames, emails, or social handles with direct-to-bank fiat off-ramps
- Drift Protocol rebranded as @VelocityDEX, reflecting its renewed focus on perpetual-trading infrastructure
- @clashofperps launched a 10-day Solana trading tournament running July 1-10 with a prize pool of up to $10K
- @YellowProHQ integrated native, onchain Solana market access directly into the Yellow Pro terminal
- @ExaAILabs launched accountless web and content search on Solana, allowing agents to pay per request in USDC through x402
- @Nika_Finance launched NikaAI, an automated natural language interface for trading global perp, stock, and index markets with up to 200x leverage
- @useDiversiFi launched an automated, non-custodial portfolio rebalancing protocol built on Solana powered by Bonk
- @okx debuted the OKX AI Marketplace, enabling autonomous agents to list services, discover tasks, and transact in stablecoins
- @AmpleHQ introduced a principal-protected, no-loss savings product on Solana featuring gamified weekly prize drawings
- @YosokuSolana opened up to 5x leverage positions for predicting outcomes of the 2026 FIFA World Cup
- @Multihopper partnered with @trmlabs to embed automated smart contract-level compliance, screening every route for sanctions and AML risks
- @PlayKintara integrated MetaMask Connect, allowing desktop and mobile users to log into the MMO using their MetaMask wallets
- @magicblock announced mobile-themed Solana Blitz v6 weekend hackathon for July 10-12 in partnership with Solana Mobile and @blueshift
- @colosseum announced selections for its 5th accelerator cohort, sourced from the Frontier Hackathon and rolling sprints
- @SuperteamTH launched as the latest regional chapter of Superteam
📰 Milestones
- Solana processed 3.77B+ non-vote transactions in June, a new monthly high
- @JupiterExchange's Offerbook crossed $1M in loan originations
- Tokenized Micron Technology (MU) stock traded over $165M in its first seven days after launch
- @doublezero reached 268M $SOL in Total Connected Value for Q2 2026, with 462 validators integrated into its network
- Solana recorded a new adoption milestone with 262K+ unique addresses actively holding tokenized equities and ETFs
- @metaplex surpassed 7M total digital assets minted on its high-performance Metaplex Core standard
- Solana Network Fees hit a new 30-day high
- @fomo crossed 10K daily active traders on its platform
- @FWDind added over 500K SOL during fiscal Q3 2026, taking its treasury above 7.5M SOL
- @ORE recorded over 3M cumulative SOL deployed into its mining smart contracts since the launch of V3
- @sanctumso marked its 11th consecutive quarter of SOL TVL growth
If you enjoyed this week’s newsletter, please share it with an RT.
Cover art by nub
Wes 🇺🇸 retweeted
Issued by Backpack Securities, $MU is now live on @Solana with @sunrise.
Micron reports earnings on Wednesday after the closing bell. The results will be a major test of the AI memory boom, with $MU tradable 24/7 on Solana as markets react.
$MU is redeemable 1:1 for real shares and transferable to traditional brokerages.
Wes 🇺🇸 retweeted
We’re going to tell you a story about a man, and his daughter.
Happy Father’s Day, Bond fans.




























