Topic
Protocol activity on Solana, where the reported tokenized-stock lending TVL and its leading venues are concentrated.
Proposal 68 passed with 99.4% of a 58% turnout, converting ZETA one for one into a Solana SPL token and ending the Layer 1 that Blockchain.com and Jane Street Capital backed at its January 2024 launch.
Reality
Pump.fun cited community feedback that Cashback still favoured creators of tokens whose development teams had gone, so new launches now choose between paying the team and paying whoever holds the token.
Reality
The leader in this category was settled in its first months of trading, and the carry from staking is what keeps the assets seated, which leaves later entrants bidding for switchers rather than gathering new money.
Reality
PayBox stays non-custodial, so nobody else is holding the money; what is new is that one sentence can open a leveraged position on a $1.3bn protocol, and the plugin is barred in the US, UK, EU and Australia.
Reality
A Solana memecoin launchpad ranked third in seven-day protocol revenue behind Tether and Circle, according to DefiLlama data. The dollars are real; the durability is the open question.
Reality
About $111 million of tokenized equities sits inside 15 DeFi apps, and Solana's tokenized-stock lending pool more than doubled in two weeks. Kamino Lend holds most of it.
Reality