FlashTrade2026-08-09 03:54:58Solana Perp DEX FlashTrade Shuts Down; Founder Cites Foundation 'Indifference'FlashTrade, a Solana-based perpetual DEX, is shutting down. Founder Anas announced the closure on Aug 9 and said the project would sell its existing technology stack, with the proceeds used to compensate FAF holders. He attributed the shutdown to severe internal disagreements within the team, a contracting market, and sustained lack of profitability. Anas also leveled criticism at the Solana Foundation, saying the organization showed indifference toward his project and only extends full support to a single team it believes will help Solana succeed. He stressed, however, that he is not blaming the foundation for FlashTrade's failure and acknowledged he has been overly emotional about the matter. Solana co-founder Anatoly Yakovenko responded that the foundation cannot determine whether a product succeeds. In his view, its primary role is to help with go-to-market strategy and expand exposure when a product launches; converting that attention into users ultimately depends on the product itself.1880
Solana2026-08-04 01:45:34Solana Foundation hires for senior roles focused on AI, stablecoins and Asian institutional marketsThe Solana Foundation is hiring for several senior positions, according to The Block, in a move that points to where the organization is placing its attention. The open roles span stablecoins, artificial intelligence, decentralized finance and institutional expansion in Asia. The listed positions include head of stablecoins, general manager for the AI ecosystem, head of institutional growth for Greater China, head of institutional growth for Japan, and head of DeFi growth. Taken together, the hiring plan suggests the foundation is sharpening its focus on AI, stablecoins and institutional market development across key Asian regions. The report did not include additional details on timing, team structure or hiring scope beyond the roles named.1800
Solana2026-07-30 14:17:52KSNET to integrate Solana Pay across payment network serving 330,000 merchantsSolana said on X that South Korean fintech company KSNET has signed a memorandum of understanding with the Solana Foundation to integrate Solana Pay into its payment network. According to the post, the network reaches more than 330,000 merchants and processes about $4 billion in transaction volume each month. The announcement did not disclose a launch date or other implementation details. The update points to a planned expansion of Solana Pay into a large existing merchant payment system in South Korea through the KSNET network.1850
Solana2026-07-30 14:25:52KSNET signs MOU with Solana Foundation to integrate Solana PaySolana said in a post on X that South Korean fintech company KSNET has signed a memorandum of understanding with the Solana Foundation to integrate Solana Pay into its payment network. According to the information disclosed, KSNET’s network reaches more than 330,000 merchants and processes roughly $4 billion in monthly transaction volume. The announcement outlined the planned integration and included the scale of the company’s existing merchant network and payment flow.1820
Solana Founda2026-07-24 09:01:49Solana Foundation seeks APAC trading leadThe Solana Foundation is hiring a trading lead for the Asia-Pacific region, according to a post on X by Seraphim, who heads Special Situations at the foundation. The role calls for a candidate with deep trader connections across APAC and hands-on familiarity with perpetuals, spot and options products. Mandarin proficiency is also listed as a requirement. The position is expected to be based in the Asia-Pacific region, with Hong Kong or Singapore preferred. Seraphim said the hire will work closely with Ramzy, the foundation’s DeFi lead, and Matthew, who oversees product marketing. The stated goal of the role is to help drive trading volume growth on Solana. No additional hiring timeline or application details were disclosed in the post.150
Solana2026-07-22 13:05:13Solana Rolls Out STRIDE and SIRN to Rework DeFi Security Across Its EcosystemSolana Foundation has launched the STRIDE assessment framework and the SIRN incident response network, backed by Asymmetric Research, with tiered support based on protocol TVL.1810
Solana2026-07-21 21:56:48Solana tokenized asset volume hit $5.77 billion in Q2, extending record streakSolana posted $5.77 billion in tokenized asset trading volume in the second quarter, up 114% from the previous quarter and marking its sixth straight quarterly record, according to Odaily. Tokenized stock trading made up the bulk of that activity, reaching $4.8 billion, compared with $1.1 billion in the first quarter, or about four times higher. Solana Foundation said the network accounted for roughly 97% of spot tokenized stock trading volume and has held the top position in that segment for 54 consecutive weeks. In the final week of the second quarter, weekly tokenized asset volume on Solana climbed to $1.42 billion, setting a new all-time high on a weekly basis. The number of RWA holding addresses on the network also rose above 300,000 earlier this year, adding to the growth signals around tokenized assets on Solana.1260
SBI Holdings2026-07-15 14:22:05SBI builds out a broader crypto stack with Bitbank, EDX, Gauntlet and SolanaSBI Holdings has stepped up its digital-asset push through a string of deals that span Japanese retail trading, U.S. institutional market infrastructure, on-chain risk management and stablecoin distribution. In less than a month, the Japanese financial group agreed to acquire licensed exchange Bitbank for 46.7 billion yen, led EDX Markets’ $76 million Series C, made a sole $125 million investment in Gauntlet, and announced a strategic partnership with the Solana Foundation. The sequence marks a noticeable shift for SBI, which has historically favored joint ventures, strategic stakes and outright acquisitions rather than taking the lead in venture rounds. The transactions also line up with several layers of SBI’s broader strategy: retail access in Japan, institutional trading and settlement rails abroad, on-chain treasury and vault management, and a domestic market for regulated stablecoins and tokenized real-world assets. Analysts and investors interviewed by The Block said the company appears to be assembling financial “pipes” rather than simply adding crypto exposure, while SBI said the recent acquisitions, investments and partnerships are part of a group-wide move toward an on-chain transition.550
