Market Sentiment Shifts
Confidence is flowing back into the market as the Crypto Fear and Greed Index has climbed from “Fear” to “Neutral” since the historic October crash.
Bitcoin edged up 6% in a week to $114,000, with the rising odds of a Fed rate cut tomorrow and a potential trade deal between the U.S. and China acting as the main catalysts for the recovery.
Major altcoins bounced as well, with Solana and its ecosystem tokens notching sizable gains. The sector’s market cap swelled 8% to $254 billion, while trading volume jumped 17% to $21 billion.
This week, Solana’s flex is a big leap in institutional appeal.
- •Bitwise is launching the first Solana staking ETF, BSOL, on the New York Stock Exchange today. The fund offers full spot exposure to SOL.
Additionally, Grayscale is moving ahead with its Solana Trust ETF launch on Wednesday, even as the U.S. government shutdown drags on, leaving the SEC operating with limited staff.
- •Fidelity now offers Solana trading across all its crypto platforms, providing millions of U.S.-based retail and institutional investors with direct access to SOL for the first time.
Solana's Performance and Ecosystem Growth
SOL is up 10% this week, crossing the $200 mark as Solana braces for a big week of ETF launches in the U.S.
Layer 1 Ranking Update
Solana’s total value locked (TVL) rose 6% to $11.8 billion, with BNB Chain coming in strong in third place with $8.7 billion.
On the DApp daily revenue front, Solana beats all other competing L1 and L2 chains.
Decentralized Finance (DeFi) Activity
Degens shied away from decentralized exchanges, as the DEX volume fell 21% this week.
Market Movers: Biggest Winners & Losers
Top Performers
- •Uranus (URANUS): +214.82%
- •GeorgePlaysClashRoyale (CLASH): +105.51%
- •Hey Anon (ANON): +99.68%
- •Virtuals Protocol (VIRTUAL): +85.59%
- •DIA (DIA): +47.03%
Biggest Losers
Meteora (MET) is reeling from a poor launch, as the majority of airdrop recipients cash out.
- •COMMON (COMMON): -69.59%
- •Saros (SAROS): -61.03%
- •Meteora (MET): -50.8%
- •Dego Finance (DEGO): -38.08%
- •Synthetix (SNX): -21.35%
Latest Solana News and Developments
Jupiter Bets Big on Predictions with Kalshi
Solana DEX Jupiter has launched a beta predictions market built with Kalshi, letting users wager on real-world events. The full rollout is set for Q4 2025, with Kalshi providing liquidity to fuel Jupiter’s next big play in on-chain speculation.
Citadel Backs Solana’s Growing Ecosystem
Hedge fund giant Citadel revealed a multimillion-dollar stake in DeFi Development Corp., a treasury firm accumulating Solana. The move marks a fresh stream of institutional interest flowing into the Solana ecosystem.
Solana Company Doubles Down on Staking
Solana Company is expanding its Solana treasury strategy through new staking partnerships with Twinstake and Helius. The firm now holds over 2.2 million SOL worth nearly $400 million.
Key Takeaways and Future Outlook
- •Stay patient before the FOMC, as momentum can swing fast.
- •Watch how upcoming U.S. SOL spot ETF approvals could move the market.
- •Try Jupiter’s new prediction market while it is still in beta.