Solana Ecosystem Roundup: October 2026

Solana completed two protocol upgrades in October. On October 9, target slot times fell to 200 milliseconds, half the original 400. On October 21, Alpenglow went live on mainnet, replacing TowerBFT consensus with a protocol that targets finality of ~150 milliseconds.

J.P. Morgan Asset Management brought two tokenized money market funds to Solana through its Morgan Money platform. Samsung announced USDC transfers on Solana in Samsung Wallet for eligible Galaxy users in the U.S. Fiserv's Digital Asset Platform went live with Bank of North Dakota as its first deployment, with transactions settling on Solana. Western Union's USDPT became available on Bitso in Mexico.

RWA value on Solana reached a record $5 billion. October's releases included U.S. stocks through Securitize, managed portfolios through Ondo, trade finance through PrimeRevenue, and Swiss gold through DGLD.

October by the Numbers

• $5 billion in RWA value, a new high

• $60 billion in DEX trading volume

• 14 million stablecoin-holding addresses

• $1 billion in cumulative stablecoin card spending

• $8.94 billion in stablecoin loan volume, accounting for 52.3% Share

• 200-millisecond target slot times, activated on October 9 through the final stage of SIMD-0525

• ~150-millisecond target finality with Alpenglow’s mainnet activation

Payments and Stablecoins

Samsung announced USDC on Solana for Samsung Wallet. The feature will roll out to 82 million compatible U.S. Galaxy devices. Eligible users will be able to send USDC to compatible wallets and make transfers to qualifying bank accounts in more than 60 countries.

Fiserv’s Digital Asset Platform went live with Bank of North Dakota’s Roughrider Coin as its first deployment. The network connects more than 90 banks and credit unions, with transactions settling on Solana. VersaBank provides issuance and reserve services, alongside infrastructure from Fireblocks.

Western Union’s Solana-based USDPT became available on Bitso in Mexico, allowing eligible retail customers to buy and sell it against pesos. Anchorage Digital’s expanded Bitso partnership supports the associated U.S.–Mexico stablecoin corridor.

Polygon’s Open Money Stack integrated Solana, connecting bank payments, stablecoin balances, conversions, and payouts through one API.

The Solana Foundation joined Tether, Chainalysis, Anchorage Digital, and other organizations as a founding stakeholder of the FASE Foundation, a Swiss nonprofit focused on financial safety and inclusion. Its initial plans include scam-prevention education, support for trafficking survivors, and a stablecoin-based humanitarian aid pilot.

Other payment and stablecoin updates included:

• Ramp added USDG on Solana, with zero-fee dollar conversions for supported business workflows, including deposits, vendor payments, and reimbursements

• Agant launched GBPA on Solana, adding a pound sterling stablecoin for institutional and business payments, settlement, and treasury operations

• Standard Chartered-backed Anchorpoint announced native HKDAP issuance and redemption on Solana

• Altitude integrated accounting with Xero and added multi-entity business accounts, with separate accounts, cards, and permissions under one login

• $20 billion in payment volume processed by Huma

• More than $1 billion settled on Solana through Credible Finance

Tokenized Assets and Capital Markets

J.P. Morgan Asset Management brought MONY and JLTXX to Solana. Qualified U.S. investors access the tokenized money market funds through Morgan Money, which supports subscriptions, redemptions, and delivery of token balances to blockchain addresses.

Securitize Stocks launched on Solana, offering eligible investors in the U.S., EU, and other permitted jurisdictions tokenized security entitlements backed 1:1 by underlying shares. Holders receive dividends and applicable voting rights.

Ondo launched seven Intelligent Portfolios, covering income, growth, and thematic strategies through individual transferable tokens. Three portfolios use strategies developed by BlackRock for Ondo. The products are available to eligible investors outside the U.S. Separately, 1inch enabled trading of more than 450 Ondo tokenized stocks and ETFs on Solana. Ondo’s tokenized assets on Solana passed $500 million.

Mirae Asset Securities issued tokenized funding notes with support from the Solana Foundation and distribution through Marketnode. The six-month floating-rate notes were issued under its $3 billion program for eligible professional investors.

PrimeRevenue announced plans to tokenize Electronic Time Drafts on Solana. Its working-capital network connects more than 50,000 companies and over 100 funding partners.

Other tokenized asset announcements included:

• DGLD launched natively on Solana through SwissBorg, with liquidity managed by Arrakis. Issued by MKS PAMP-owned Gold Token SA, each token represents co-ownership of one fine troy ounce of allocated gold vaulted in Switzerland

• OSL tokenized 2WA’s USDGO Plus SP fund, providing custody and distribution to eligible professional investors in Hong Kong. The fund pursues a market-neutral strategy based on derivatives funding-rate spreads

• Backpack partnered with SK Securities to develop Korean stock trading for eligible international investors through the Backpack app, alongside future collaboration on tokenized securities

• Backpack Securities’ October listings, distributed through Sunrise, included more than 20 tokenized stocks. Backpack Securities' tokenized assets passed $6 billion in trading volume. Sunrise also added WLD, SHIB, and VVV, alongside ZEC through NEAR Intents. More than $15 billion in trading volume through Sunrise, reached within its first year

• xStocks reached $7.5 billion in trading volume on Solana

Institutional Access and DeFi

The Solana Foundation launched Solana DvP, an open-source delivery-versus-payment settlement program. It provides atomic exchange, isolated escrow, and settlement deadlines. J.P. Morgan contributed input on institutional settlement practices and requirements.

Google previewed its Multi-Party Compute custody technology. Alphabet already uses the technology to secure digital assets on Solana. The institutional product entered private preview ahead of a planned commercial launch in early 2027.

BNY expanded digital asset custody in the European Union, including SOL, through its MiCA-registered European banking entity.

In Hong Kong, the Pando Solana ETF began trading on October 13 under stock code 2831.

Bitwise’s BSOL marked its first anniversary with $1.38 billion in cumulative inflows, $1.07 billion in assets under management, and more than $8.5 billion in trading volume as of October 28.

BitGo and Jupiter enabled eligible BitGo clients to stake SOL directly from their existing custody accounts.

Orca and Loopscale combined as Formation, bringing their liquidity and lending teams together. At the announcement, Orca had facilitated more than $550 billion in trading, while Loopscale had originated more than $2 billion in loans.

Credit and yield products expanded across several platforms:

• Kamino opened its Backpack Market for borrowing USDC against supported Backpack Securities tokens, including MU, SKHY, SPCX, and SNDK. Kamino’s Apyx Market enabled USDC borrowing against apyUSD through an isolated market curated by Hyperithm

• Solflare launched Earn, adding access to Kamino-powered USDC lending directly inside its wallet

• Upshift Gamma USDC launched with more than $7 million in opening deposits. Gamma Research curates its strategy across Kamino real-world asset markets

• Forest Road and Perena introduced sUSD-FR, bringing Forest Road’s private-credit strategy to eligible non-U.S. investors on Solana

• Reflect launched Create, allowing users to issue branded tokens backed by supported yield-bearing collateral and choose how interest is allocated. Reflect also opened pre-deposits for Protected and Amplified versions of Steakhouse’s USDG High Yield strategy

Trading and liquidity releases included:

• Jupiter introduced YOLO, a beta product for leveraged directional positions on SOL, BTC, and ETH. Jupiter Bridge also entered beta, comparing routes for transfers between Solana and more than 50 networks. Jupiter also redesigned its staking interface and added a dedicated institutional page

• Archer V2 added resting limit orders, permissionless market creation, and expanded APIs, SDKs, and WebSocket support

• Meteora introduced DLMM Pro and opened its waitlist for configurable token-launch markets. Its DAMM v2 interface added consolidated position controls, slippage settings, and position splitting and transfers

• Orca added Launch Spike and Quick Reset fee profiles, giving pool creators additional ways to adjust fees around volatility

• Fermi introduced its FLP vault, opening public USDC pre-deposits for a market-making strategy across its SOL, BTC, and ETH perpetuals

• JTX added Bring Your Own Wallet, enabling trading from existing Solana wallets. It also outlined plans for a mobile app, equities features, and perpetuals

• Stonk introduced Baskets with DiversiFi, allowing launches against a basket of quote assets. DiversiFi passed $500,000 in total value locked

Funding announcements included Hylo’s $1 million strategic round, led by Solana Ventures with Colosseum participating, and Spout’s $2 million strategic round for lending against tokenized stocks.

AI and Machine Payments

PayAI and BlockRun released batch x402 settlement on Solana, following September’s public preview. BlockRun added Zero Data Retention to its Solana inference gateway, processing prompts and responses without persistent storage or use for model training.

Other agent and data releases included:

• Grass launched its Contents API, adding live web retrieval to the Solana-based data network. The API converts public URLs into HTML, Markdown, or text for agents

• Nansen previewed autonomous research and trading agents at Solana Summit Singapore

• Altitude MCP v1 connected compatible agents to business transaction data

• LanaTools introduced an MCP connection for Solana services, with agent permissions, spending limits, and payments through x402 and the Machine Payments Protocol

• Flovia introduced pooled and subsidized API access, with Solana stablecoin payments supporting access to services used by developers, researchers, and agents

• Brij added flight-search endpoints to pay.sh, allowing agents to search fares and reserve them through USDC escrow

• Ledger Agent Intent added hardware approval workflows for agent activity, including queued approvals and controlled spending budgets

DePIN and Consumer Apps

Solana Mobile named Ledger its first hardware expansion partner. The Seeker app, combining the Solana dApp Store and wallet, will be preinstalled on Ledger Atom.

Helium brought Wakefern stores onto its network, using existing supermarket Wi-Fi to carry cellular traffic. The first stores went live during October. Wakefern’s cooperative includes approximately 365 supermarkets.

Machine and robotics projects added financing and identity products:

• OpenRoboto integrated peaqOS, giving its first 30 OR-S1 data collectors decentralized identities on Solana

• machine.fun launched with Raydium LaunchLab, peaq, and Codec Flow, supporting public fundraising for robotics and hardware projects, including launches paired with supported tokenized equities

• DualMint opened financing for a fleet of 200 claw machines, connecting physical-machine operations with Solana-based tokens

Wallets, applications, and market interfaces also expanded:

• Sanctum App 2.0 launched on iOS, Android, and Seeker, adding Squads multisig protection, live reward tracking, and token fundamentals

• Keeper added Solana, including cross-chain swaps, card purchases of SOL, and access to applications through its wallet browser

• Backpack released its redesigned mobile app

• Jupiter-powered trading went live inside Decrypt Money Accounts, letting readers swap supported tokens without leaving Decrypt

• AdPad launched, offering a peer-to-peer advertising marketplace with USDC payments escrowed on Solana

Collectibles and entertainment releases included:

• Beezie opened its Base-to-Solana migration for eligible collectibles and supported wallet funds

• Collector Crypt integrated with Pump.fun and recorded a single-day milestone of $24.3 million in gross pack sales across 123K packs

• BlockRips opened its marketplace, powered by Collector Crypt, with listings and negotiated trade offers

• ComicBook launched a DC Comics collectibles machine, featuring vintage and modern collectibles

• Yuga Labs launched Mudwater, a physical and digital BAYC trading-card collection on Solana

Network Upgrades and Developer Tools

Solana completed two protocol upgrades in October. The final slot-time reduction activated on October 9, bringing the target from the original 400 milliseconds to 200 milliseconds. Alpenglow followed on October 21, replacing TowerBFT consensus with a voting protocol targeting ~150-millisecond finality.

Jito introduced BAM Direct Bundle Ingest, allowing approved participants to submit transaction bundles directly to BAM nodes. The release also rebuilt the path for bundles arriving through the Jito Block Engine.

Developer tooling expanded across monitoring, signing, and asset data:

• Solana Microscope launched as an open-source monitoring tool for programs and Squads multisigs, with Grafana dashboards and alerts through Slack, Telegram, and PagerDuty

• Jupiter’s Swap API added opt-in v1 support, extending the format to applications using its routing infrastructure

• The Solana Asset Registry launched with asset classifications and data from Allium, CoinGecko, and RWA.xyz

Next: Breakpoint London

Breakpoint 2026 takes place November 15–17 at Olympia London, bringing together builders, financial institutions, technology companies, and policymakers. Speaker announcements continue. Explore the confirmed lineup.

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Ahead of the conference:

• November 1–12: Solana Hacker House London. Build alongside founders and developers, join technical workshops, and get guidance from ecosystem experts. Attendance requires approval. Demo Day closes the program on November 12, with teams presenting to founders, investors, and the community.

• November 13: Solana Intelligence Summit. AI talks, workshops, and live demos at Somerset House. The event is currently full, with a waitlist available.

• November 13: Solana Community Awards. Winners will be announced at Somerset House. Vote for the finalists by November 9.

• November 14: Scale or Die. An application-only technical summit covering consensus, validator performance, transaction execution, and infrastructure, with hands-on workshops and debugging sessions.

• November 14: Frontier Traders Grand Final. Champions Sailor, Saewoo, and Galileo Wilson face two online season winners and three wildcards in an eight-trader showdown. One wildcard place is determined by the community vote. The winner takes home a Porsche 911 GT3 RS.

The Solana BP Badge was announced in October as a programmable hardware development kit for building apps and completing quests. Developers can explore its documentation and browser emulator before arriving.

Get your Breakpoint ticket and join the Solana ecosystem in London.