June brought one of the largest internet capital-markets events to date. On SpaceX's IPO day, Backpack Securities listed tokenized SpaceX shares on Solana via Sunrise, giving eligible investors ownership of the underlying security and the option to transfer their holdings to traditional brokerages. Across the network, Solana's real-world asset (RWA) value crossed $3B for the first time, cumulative tokenized-stock volume passed $10B, and daily tokenized-stock volume reached an all-time high of $683M.
The month extended well beyond capital markets. Mastercard added always-on stablecoin settlement to its global network with Solana among the supported chains, and the World Series of Poker accepted tournament buy-ins in crypto on Solana for the first time in its history.
June by the Numbers
- $3B+ in RWA value: Solana's RWA ecosystem reached a new all-time high during June
- $10B in cumulative tokenized-stock volume: Solana passed the milestone for the first time, up roughly 180% in one month
- $683M in daily tokenized-stock volume: a new all-time high, with the daily record broken three times during the month
- $108M in SPCX onchain volume in 24H: Backpack Securities listed tokenized SpaceX shares on Solana on the company's IPO day
- $10M+ in WSOP buy-ins: World Series of Poker entries were processed on Solana through MoonPay
- 1,000+ apps: the Solana Mobile dApp Store crossed four figures
Tokenized Assets and RWAs
SpaceX shares came onchain through Backpack Securities
Backpack Securities listed tokenized SpaceX shares ($SPCX) on Solana on SpaceX's IPO day via Sunrise. The tokens represent ownership of the underlying security; holders receive cash dividends and corporate actions and can transfer positions to traditional brokerages, while the tokens themselves transfer onchain around the clock. A $13M allocation through Bitget Wallet was fully subscribed in 30 minutes, and 24H volume reached $108M, the highest of any market on Solana that day.
Source: https://x.com/Backpack/status/2065464739749323171
Backpack Securities also opened its public beta, offering US stocks and ETFs alongside crypto, perpetual futures, and yield within one account, with holdings conferring ownership under New York law. New Backpack Securities listings through Sunrise during June included Micron ($MU), SanDisk ($SNDK), and Roundhill's DRAM ETF ($DRAM); Paxos Gold ($PAXG) also arrived through Sunrise.
Tokenized markets broadened
Baillie Gifford launched $BAGEY with BNY, described as the first publicly available, fully native UK-regulated tokenized fund. The actively managed bond fund is issued natively onchain, with the blockchain serving as the register of record and subscriptions and redemptions settling in USDC.
Raydium’s tokenized equities crossed $2B in cumulative volume on its venue. In one mid-June week, tokenized-equity trading on Solana reached a record $1.29B, roughly 95% of tokenized-equity volume across all blockchains. Kraken also brought onchain trading of more than 2,500 Solana tokens directly into the Kraken app, with no external wallet or seed phrase required.
Moody's credit ratings became embedded and machine-readable at scale on Solana through Alpha Ledger, bringing ratings from one of the world's three major agencies onchain
Institutional issuance expanded across several fund structures:
- Securitize expanded STAC, its tokenized AAA collateralized loan obligation fund, to Solana in collaboration with BNY
- Ethena purchased $200M of Janus Henderson's AAA CLO fund, JAAA, through Centrifuge on Solana, adding investment-grade credit to USDe backing
- Allfunds, which connects more than 3,300 asset managers and nearly EUR 1.8 trillion in assets under administration, began expanding tokenized funds to Solana
- The Kazakhstan Stock Exchange launched SOLZ, a Solana ETF giving qualified investors regulated SOL exposure. The exchange recorded more than $770 billion in trading volume in 2025, and the listing followed the launch of Kazakhstan's first licensed digital-asset platform built on Solana
- Ondo Finance added 173 tokenized stocks and ETFs, bringing Ondo Global Markets to more than 430 assets across AI, robotics, defense technology, and covered-call income strategies on Solana and other chains. Ondo tokenized stocks integrated with Titan's request-for-quote execution, while Exodus launched Exodus Markets with more than 200 tokenized assets powered by Ondo
DeFi: Trading, Lending, and Yield
Solana's onchain spot volume surpassed Coinbase and Kraken on both daily and weekly measures during June.
The Solana Foundation introduced Frontier Traders, a global program for firms and traders active in emerging assets. Members receive trading-fee rebates across participating venues, access to Asset Express launches, priority RPC access, and quarterly briefings. Its first campaign went live with a $25K prize pool for trading $SNDK across participating venues, powered by Sunrise and Torque.
Phoenix shipped three expansions in one month: leveraged markets for NVDA and AAPL with up to 20x leverage and around-the-clock trading; Phoenix Mobile, which runs from a phone or wallet browser without an app download; and cross-chain deposits, allowing traders to fund accounts with USDC or USDT from Ethereum, Base, Arbitrum, or HyperEVM and receive Solana USDC.
Zodial launched what it describes as the first portfolio-margin lending protocol in DeFi, supporting positions such as looping Solana against bitcoin or Nvidia against Tesla within one portfolio. Hylo shipped V2 with its xAsset Engine, expanding from a single live xAsset to a suite of leveraged instruments, and crossed $500M in volume across $hyUSD, $sHYUSD, and $xSOL.
- Loopscale released Loopscale Earn, with curated vaults that package fixed yield, lending, looping, and multi-venue execution into a single position; its OnRe Growth Earn vault reached $8M in deposits within three weeks
- Jupiter brought prediction markets into Jupiter Mobile, covering politics, sports, crypto, and culture
- Rekt released its mobile-first trading beta on Solana Seeker, with entry from $1 and up to 100x buying power
- Exponent Finance launched the first risk-tranching market on Solana with OnRe's ONyc, splitting the asset into two tranches for different risk profiles; the OnRe market on Kamino crossed $150M in total size
- Raiku's rkuSOL went live, allocating revenue from Ahead-of-Time and Just-in-Time auctions to stakers
- Archer, a spot exchange powered by Jito's Block Assembly Marketplace, crossed $100M in cumulative volume in six weeks
- Titan launched Titan DCA with private, meta-aggregated execution, while MetaMask integrated Titan to power Solana swaps natively in-wallet
- Neutral Trade opened a delta-neutral arbitrage vault curated by Velox Trading Group
Stablecoins and Payments
Mastercard brought stablecoin settlement to Solana. Mastercard announced an expansion of its settlement capabilities on June 3, adding intraday, weekend, and holiday settlement alongside onchain settlement using regulated stablecoins, with Solana among the supported networks. The move connects onchain settlement to a payments network spanning 3.7 billion cards and more than 210 countries and territories.
The Solana Foundation shipped Subscriptions & Allowances as a shared mainnet program. It supports capped, preauthorized spending for AI agents; recurring delegations for payroll and contractors; and published subscription tiers for merchants.
Toss Bank signed a strategic memorandum of understanding with the Solana Foundation on June 22 to test blockchain-based global remittance infrastructure. It plans to evaluate stablecoins for overseas remittances for its 15 million customers and expand into payments and digital assets.
KG Inicis, South Korea's largest payment platform, with more than KRW25 trillion in annual volume, announced plans to bring stablecoin payments to Solana, followed by token-based merchant rewards.
MoneyGram joined the Solana Developer Platform as an infrastructure partner and became an active validator on Solana
- Open Standard announced Open USD (OUSD) on June 30, a stablecoin backed by a coalition of more than 140 companies. OUSD will launch natively on Solana from day one when it goes live later in 2026. Businesses will be able to mint and redeem at no cost, with reserve earnings shared among partners and governance held by a board drawn from partner organizations
- CADC went live on Solana through Paytrie, bringing the Canadian dollar onchain with mint and redemption support
- Credible partnered with Nasdaq-listed fintech OwlTing to power payouts into China through OwlPay Harbor, with routes into India planned
- PAJ v2 launched in Nigeria, enabling direct off-ramps to any Nigerian bank account without requiring a wallet; the platform has processed nearly 50,000 transactions
- Surf shipped crypto-native loans that use Solana wallet history in credit assessment, without collateral lockup or a bank account
- Lava Card launched with up to 5% back in bitcoin anywhere Visa is accepted, and Altitude Card went live with unlimited virtual Visa cards and up to 2% cash back from stablecoin balances
- WalletConnect Pay went live, enabling onchain payments from connected wallets in seconds
- Mercuryo reported that Solana onramp purchase volume from January through May doubled from the same period in 2025, driven primarily by stablecoins
Consumer, RWAs and Collectibles
The World Series of Poker accepted onchain buy-ins. For the first time in World Series of Poker history, players entered tournaments directly with crypto on Solana, using SOL, USDC, or USDT through MoonPay with no processing fees. More than $10M in buy-ins was processed during June. The Solana Foundation is also serving as the official presenting sponsor of the 2026 WSOP and WSOP Paradise.
Solana accounted for roughly 60% of total onchain collectibles market volume during the month.
Sunrise and Meteora introduced Dynamic Assets, a new token category for onchain ownership of real-world goods with fragmented liquidity, such as collectibles and scarce inventories. The first Dynamic Asset, $SV151, represents tokenized shares of sealed Pokémon SV151 packs held in audited custody by Bedrock Foundation.
- Solflare Packs launched in-wallet, powered by Collector Crypt, recording more than 10,000 pulls, nearly $5M in insured value, and more than 1,000 collectors in its first week
- Rarible launched Gacha Station, also powered by Collector Crypt, with packs spanning Pokémon, One Piece, anime, and sports, starting at $25
- Jupiter opened trading-card-backed credit through Offerbook, with physical graded cards verified onchain by Phygitals and Collector Crypt before becoming collateral
- Collector Crypt loaded 16 sets of World Cup tickets into its Sports 100 Gacha with xpticket
- Rosentica's One Arena recorded $1.3M in sales and 3,527 matches, growing 416% in its second week of early access
- Sorare's Colors mode collected 30 million cards in its first week and became the number-one sports app in France
- GardenDAO launched as a fan-owned treasury on Solana, raising funds to acquire pieces of sports history, beginning with the Game 4 ball from the Knicks' NBA Finals comeback
- JurassicFi announced Deaton, a museum-grade Triceratops prorsus skull with 60% to 65% complete bone mass, coming exclusively to Solana
- Rekt Drinks launched SOL Berry, a flavored sparkling water created in collaboration with Solana and available through rekt.com
- Helium Mobile, the consumer carrier built on Helium's Solana-based network, was acquired by Andrew Yang's Noble Mobile, which committed to using the Helium Network as part of the deal.
Agentic Commerce and Machine Payments
Mastercard added Solana support to Agent Pay for Machines, a service that lets AI agents pay through cards and stablecoins. AWS enabled content publishers to monetize AI traffic through x402 on Solana by setting per-request prices and receiving USDC. MoonPay introduced the MoonAgents desktop app, connecting ChatGPT or Claude to onchain payments by AI agents.
- Vishwa launched agent-banking infrastructure, with a control layer that checks every agent action against policy before capital moves; agents are already trading prediction markets on PredX through Jupiter under Vishwa-enforced controls
- Tiny Place launched an AI social economy in which agents can discover one another, accept bounties, and pay in USDC through x402, built with MoonPay, Phantom, and CASH
- Alchemy added Solana support for Agent Wallet funding directly in its dashboard
- GEODNET went live on peaqOS, allowing robots to purchase centimeter-precise positioning on demand, with payments settled in USDT on Solana through Tether's Wallet Development Kit
- Solana implementations compatible with the ERC-8004 agent standard reached 1,438 registered agents and 8,205 feedback signals, with 628 added in 30 days, according to 8004scan
- Kled signed a $12M non-exclusive data agreement over two years, making its human-powered data marketplace profitable, with rewards distributed on Solana
Privacy Infrastructure
Helius acquired Light Protocol to build a comprehensive zero-knowledge privacy layer for Solana. Arcium passed one million processed computations and brought $ARX live on Solana alongside Blackthorn, its system for private frontier-AI execution on NVIDIA GPUs.
- Umbra Web went live, while HoudiniSwap brought private swaps and bridging for Solana to Jumper
- Swish introduced Plug, an integration designed to make private payments on Solana available with one line of code
- Packet launched a private, encrypted-by-default social network for builders, traders, communities, and agents on Solana
Infrastructure
The Solana Foundation launched solana.com/data, an open dashboard for Solana network, stablecoin, and DeFi metrics. It launched with data from nine providers under a shared schema, with methodologies published alongside the metrics.
Mithril, an independent implementation of the Solana protocol compatible with Alpenglow, gained block-production capabilities and began running in test environments, advancing work on a fourth validator client for the network.
- Certora completed formal verification of Solana's P-token upgrade
- Axelar mainnet went live on Solana, enabling cross-chain messaging and asset transfers with Axelar-supported ecosystems; Stronghold's SHx also expanded to Solana through Axelar
- ORE released a smart wallet using quantum-resistant Falcon-512 key pairs, allowing holders to custody ORE and manage stake
- GetBlock raised compute-unit limits across all Solana RPC plans by up to 75% at no additional cost
- Helius shipped a balance-at endpoint that returns a wallet's SOL or SPL-token balance at a specified historical date or slot in a single call
- MagicBlock announced Solana Blitz v5, a hackathon focused on trading applications built with Ephemeral Rollups
Ecosystem and Events
The Solana Mobile dApp Store crossed 1,000 apps.
Colosseum announced the winners of the Solana Frontier Hackathon on June 26. More than 10,000 participants from over 150 countries submitted 2,857 final projects, making Frontier the largest crypto hackathon to date by submissions. CrowdBrain, a vertically integrated robotics DePIN that trains operators in simulation and routes them to real robots for teleoperation and data collection, won the Grand Champion award and $30,000 in CASH. Twenty-five additional winners spanned consumer trading, prediction markets, RWAs, and agentic finance. On June 29, Colosseum unveiled its fifth accelerator cohort, composed of winning founders from Frontier and its ongoing Eternal sprint.
The Solana Incubator received 363 applications for Cohort 5, an all-time high. Superteam Black welcomed its latest teams after several months of founder and product review.
FIFA World Cup activations
World Cup activations spread across the ecosystem. The Worm Cup opened free score-prediction contests with $200K in prizes across 104 matches. TXODDS and Superteam launched a $50K World Cup hackathon spanning prediction markets, trading agents, and consumer experiences. Pumpcade opened preregistration for the Cade Cup, sponsored by the Solana Foundation, with more than $5K in daily tournament prizes beginning July 4.
Around the ecosystem
- The Solana Policy Institute hosted Solana Summit: Washington x Wall Street in Chicago on June 16, drawing developers, asset allocators, and policy leaders
- Solana Summit APAC was announced for October 6 in Singapore, ahead of TOKEN2049; Solana Summit Serbia was announced for Belgrade as a two-day conference with more than 40 speakers from regulators, government, banks, and the ecosystem
- Solana Latam Labs prepared to incubate more than 50 projects building across Latin America alongside the Solana Foundation
- Fabric Ventures and Wintermute introduced R[3]sidency x Construct with Solana, a 12-week London program offering a $300K investment and a New York demo day for founders building across the machine economy
- mtndao announced its tenth iteration, returning to Salt Lake City in August
- IslandDAO hosted its Demo Day on June 23 with a $10K prize pool, and Ownership Roadshow #3 streamed live pitches from Solana startups on June 26
- Superteam Ireland opened its Builder Residency at Castle, while Superteam launched the Talent Portal, a jobs platform that continuously matches one profile with Solana ecosystem teams
- Alatau City, Kazakhstan, signed a memorandum of cooperation with the Solana Foundation to develop a blockchain-innovation ecosystem
- Superteam Japan and the Tokyo builder community hosted a week of shipping with solana_devs, and Solana Shanghai hosted its Builders Assembly on June 27
- KAST won Best Digital Assets Fintech in BeInCrypto's Institutional 100 Awards 2026
The Month in Aggregate
June's records came from several directions at once. A $3B RWA all-time high, a $10B cumulative tokenized-stock milestone, and a $683M daily-volume record arrived in the same month as Mastercard's settlement expansion, a fourth validator client entering testing, and the first WSOP buy-ins processed onchain. The listing of tokenized SpaceX shares showed what internet capital markets can look like when regulated issuance, onchain liquidity, and global distribution converge on one network.