Solana remained the top chain by decentralized exchange volume in the second quarter of 2026, but the network’s underlying revenue picture weakened as both trading activity and fee generation fell from earlier highs. In a quarterly report by Galaxy Digital Vice President of Research Lucas Tcheyan, Solana’s DEX volume dropped 45% from the previous quarter even as it held the No. 1 position for a seventh straight quarter. Network fees fell about 44%, while application fees declined 31% to $552 million, with revenue still heavily concentrated in meme-coin activity. At the same time, the report argues that Solana’s larger story is no longer just low-cost, high-throughput execution. The chain is trying to reposition itself as infrastructure for tokenized equities, stablecoins, lending, and other forms of on-chain finance. That shift showed up most clearly in real-world assets. Solana’s RWA value crossed $3 billion in June for the first time, tokenized stocks became the largest single RWA category on the chain, and Solana handled more than 95% of all tokenized equity trading during the quarter. The report says the key question for the second half of 2026 is whether that tokenized asset base can be turned into durable borrowing demand, collateral usage, trading activity, and fee income. In other words, the issue is no longer whether Solana can support these assets technically. It is whether the network can convert new issuance and distribution into lasting economic value.

STEPN (GMT) is scheduled to unlock about 55.31 million tokens at 8:00 a.m. Beijing time on Aug. 9, according to token unlock data from Web3 asset data platform RootData. The unlocked tranche is valued at about $2.43 million based on the figures cited in the update. The item was published by ChainCatcher as a 7X24 H newsflash. No additional details were provided in the source beyond the timing, token amount, and estimated value of the upcoming unlock.

SK Hynix’s U.S.-listed ADR fell below its $149 IPO price on July 27, just 17 days after its July 10 debut, after dropping as low as $139.01 intraday and closing at $143.02, according to Bloomberg. The company had raised about $26.5 billion by selling 177.9 million ADRs at $149 each, setting a record for the largest foreign company IPO in the United States. Each ADR represents one-tenth of a Seoul-listed common share. At the same time, on-chain markets reacted faster and with sharper moves. Hyperliquid’s stock perpetual tied to SK Hynix, xyz:SKHX, traded at $1,086.5 as of 10:09 a.m. UTC+8 on July 28, down 8.47% over 24 hours, with $906 million in trading volume and $380 million in open interest. The contract briefly fell to around $1,007 before rebounding, a move that came close to the Seoul market open. Third-party platform OAK Research showed closely matching readings. The report also pointed to wider pressure in chip equities. Reuters said South Korean chip stocks sold off on July 28, with Samsung Electronics and SK Hynix down 9.5% and 11.1% intraday, while China’s CXMT surged 465.82% on its STAR Market debut the previous day. The article noted that Hyperliquid’s contract tracks the Seoul-listed common stock in dollar terms rather than the Nasdaq ADR, creating a large price gap between the two markets and adding another layer of risk for leveraged traders.

Move-to-earn rewards walking, running, and other physical activity with tokens. The model sits within GameFi and relies on apps, wearables, and token incentives to turn movement into digital value.

Ethereum whales take extreme leverage, one with 0.48% liquidation buffer. Binance delists pairs and adds XAUT collateral. Huobi HTX lists EDGE token. SKY transfer triggers sell-off.

WinkLink is set to list on Bitkub, with deposits and withdrawals opening on February 2 and WIN/THB spot trading starting on February 3. The listing expands fiat access in Thailand, while the token’s large supply keeps a $1 target far out of reach under current conditions.

BlockDAG said its legacy sale is in its final hours, while the aftersale is already live with about 119.21 million BDAG still available at $0.00000044. The team also outlined roadmap items including a network upgrade, miner shipments, staking, and a super app.

Concordium has activated Protocol 10 on mainnet, shifting fee responsibility away from senders. The upgrade lets a sponsor pay for a specific transaction, targeting smoother stablecoin payments and more predictable enterprise operations.