Bank Rails, Tokenized Shares, and a Tenth Revenue Lead Anchor the Week The weekly newsletter posted by the network's official X account on October 4 sets the tone for this Solana weekly updat
The weekly newsletter posted by the network's official X account on October 4 sets the tone for this Solana weekly update. Fiserv's digital asset platform went live with Roughrider Coin transfers across more than 90 banks and credit unions.
Shares of Powerus ($PUSA) drew more on-chain activity than on Nasdaq the day after listing. For readers following crypto news today, the common thread is real institutions producing real numbers.
Item
What happened?
Fiserv platform
Live, with Roughrider Coin transfers across 90+ banks and credit unions
OUSD
OpenStandard's stablecoin launched, with reserves at BlackRock, Lead Bank, and BNY.
App revenue
$365M in Q3, up 42.6% quarter over quarter, the tenth straight quarter in the lead
Powerus ($PUSA)
Out-traded Nasdaq on the network after listing through Sunrise and Backpack Securities
Fiserv and OUSD share a theme, because both bring established finance names onto the same rails. That mix of bank infrastructure and stablecoin reserves gives this Solana weekly update its institutional flavor.
Source: Official X Post
Spot DEX activity remains the engine behind the strongest numbers in the Solana weekly update.
September app revenue: $180M, a nine-month high and 32% of revenue across chains.
Spot DEX volume: $197B in Q3, up 16.6% quarter over quarter, the fifth straight quarter in the lead.
Byreal: surpassed $5B in lifetime trading on its first anniversary.
x402 payments: weekly transactions hit an all-time high, with payment volume above all other networks combined.
The x402 record stands out because payments are a different use case from market speculation.
xStocks: recorded $1.8B in September trading volume on Raydium.
Raydium: crossed $6B in cumulative tokenized-stock trading volume.
Kamino: tokenized stocks pledged as collateral exceeded any other chain's by more than 3x.
Holders: tokenized-equity holders reached 1.2M, with 775K joining in September.
Trading, lending, and holder growth all point the same way. Collateral is the quieter signal in this Solana weekly update, since it shows tokenized shares being put to work, not just traded.
Fermi: on-chain perp DEX with verifiable first-in, first-out order matching.
Sirius Protocol: private spot and perps trading that keeps positions off the public feed.
Cloak: private payroll with spreadsheet uploads and one-click payouts.
Metaplex:MPL-3643, a standard for permissioned real-world assets with built-in compliance.
Jupiter: a Claynosaurz card with 2% cashback and full FX fee rebates through 2026.
Kled V3: collects real-world consumer datasets in under 72 hours.
Flint: announced its own on-chain perp DEX.
Sunrise: brought Coinbase's wrapped Cardano asset, cbADA, over via Chainlink CCIP.
Doma Protocol: opened Frontier through Loopscale, bringing tokenized domains on-chain.
Backpack Onchain: added v1 transaction support for more complex routes and DeFi interactions.
Privacy shows up in both trading and payroll, while MPL-3643 targets compliance. The Solana weekly update lists more than a dozen launches, but the ten above carry the clearest use cases.
SOL moved between about $120.30 and $122.10 over 24 hours and ended slightly lower. Turnover rose sharply, yet the headlines have not produced a clear price move so far. Circulating supply of 588.31M SOL is about 93% of the total supply.
Metric
Reading
Price
$120.40
24-hour change
Down 0.27%
Market cap
$70.83B (down 0.24%)
24-hour volume
$1.96B (up 41.29%)
Volume to market cap
2.75%
Rank
#7
Circulating supply
588.31M SOL
Source:CoinMarketCap Chart
Note: Prices can change quickly, so figures may not reflect the latest value. Readers should check a live price tracker for current data.
The Singapore summit on October 6, following the wrap of the Seoul edition.
The next wave of Breakpoint 2026 speakers, now confirmed.
A new funded three-month research internship for PhD students.
Proto's markets for trading exposure to rental GPU power usage, targeting Q4.
DGLD's expansion for a token backed by physical gold stored in Switzerland.
Taken together, the week connects bank settlement, tokenized stocks, and new market tools. The open question is whether price follows that activity. Treat this Solana weekly update as a snapshot, not a forecast.
YMYL Disclaimer: This article is for information only and is not financial or investment advice. Crypto prices, including SOL, are volatile, and the figures here are a snapshot, not a forecast. Do your own research and consult a qualified financial professional before making any decision.
