GMTrade, a perpetual futures trading platform on Solana, has publicly proposed a soft acquisition of Flash Trade, a protocol that had previously said it could wind down operations if no suitable buyer emerged. Under the proposal, GMTrade plans to distribute GT points to FAF token holders and liquidity providers, though the snapshot date has not been set. GMTrade said the deal was not the ideal exit route its team had originally hoped for, but described it as a relatively safer outcome for the community and a clearer path forward under current conditions. The proposal comes after Flash Trade indicated that it would gradually cease operations if it failed to secure an appropriate acquirer. According to earlier information cited by Foresight News, Flash Trade has been seeking to sell its tech stack, brand, and intellectual property. Proceeds from any sale would be distributed to FAF holders based on their holdings. The latest proposal puts GMTrade forward as a potential destination for that process, though no final snapshot timing has been disclosed.

A public dispute over Solana’s perpetual futures market has turned into a broader argument about what a well-funded ecosystem foundation is supposed to do when several teams are chasing the same category. The debate started after Flash.Trade founder Anas Khader said he was shutting down his exchange on Aug. 7 and blamed, in part, what he described as the Solana Foundation’s cold support for a single rival team. Two days later he named Phoenix, claiming it benefited from foundation-linked grants, though he offered no evidence and the foundation has not disclosed recipients or amounts under its perps initiative. The clash quickly widened beyond one protocol. Commentators including Fabiano argued that Phoenix’s fully onchain design captures more activity for Solana itself, making a concentrated push easier to justify if the goal is to build a true rival to Hyperliquid. On Aug. 10, Solana Foundation President Lily Liu rejected the idea of “king making,” saying the right principle is “open meritocracy”: actively enable competition and let the market decide. Solana Labs co-founder Anatoly Yakovenko and Anza economist Max Resnick then joined the discussion, extending it into a larger question about token value, chain architecture, and how ecosystem resources should be deployed.

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.

Ozak AI's Eon platform surpassed 100,000 registered wallets, but the TGE date remains unset. The project launched the 888 Fortune Campaign offering a 3x token multiplier at $0.014 per OZ, as presale nears completion.

Solana said most recent social posts suggesting projects were leaving for Robinhood Chain were made in jest and did not reflect actual migration plans, according to a July 12 response to BlockBeats. The discussion started after prediction market platform world posted that it would move to Robinhood Chain, a claim later confirmed to be a joke by the project itself. The post gained wide attention because it tapped into a current market narrative, which then led other projects including pump.fun and GMTrade to echo the theme online. Solana said those projects also have no real plans to migrate. Some of the projects later clarified their stance in replies. GMTrade and others voiced support for Solana, writing that they remain loyal to the network. At the same time, Solana said it continues to lead on key on-chain trading metrics despite competition from Robinhood Chain. The network recorded $1.133 billion in DEX volume over the past 24 hours and $13.428 billion over the past week, both ranking first across all networks, according to the figures cited in its response to BlockBeats.

Robinhood Chain, which launched its mainnet on July 1, is quickly emerging as a new battleground for onchain liquidity and developer attention. Built as an Ethereum Layer 2 using Arbitrum Orbit, the network has been positioned by Robinhood around onchain finance, tokenized real-world assets such as stock tokens including NVDA and AAPL, DeFi, and AI-native applications. Momentum accelerated after Robinhood CEO Vlad Tenev mentioned meme token CASHCAT on July 8, a move that helped ignite speculative trading on the network. As of publication, Robinhood Chain had generated more than $877 million in DEX volume over the past 24 hours, ranking second among all chains, while its seven-day DEX volume surpassed $2.3 billion, trailing only BSC’s $4.65 billion and placing fifth overall. Capital has moved in quickly as well. Over the past week, the amount of ETH bridged from Ethereum mainnet to Robinhood Chain rose by about 10x, exceeding $100 million in size. At the same time, several established projects from the Base and Solana ecosystems have openly added support for the chain, including Bankr, Bags, pump.fun, and GMTrade. BlockBeats also said prediction market platform world has announced plans to migrate from Solana to Robinhood Chain shortly after launch.

NYSE Arca approved Bitwise Chainlink ETF listing, the second spot LINK ETF after Grayscale. Chainlink's predictive market and RWA data role drives institutional interest. LINK price stuck in bottom range with a bullish RSI crossover, suggesting potential recovery amid ETF catalyst.

NYSE Arca approves Bitwise spot Chainlink ETF, the second LINK ETF after Grayscale. Chainlink's role in RWA and prediction markets drives institutional interest. LINK price remains in a bottom range but RSI signals a potential rebound, awaiting a catalyst.