Solana's financial activity is scaling through stablecoin volume and institutional tokenized funds. It reportedly processed $5 trillion in stablecoin volume in 2026, while JPMorgan Asset Management launched two tokenized money-market funds on Solana for qualified US investors through Morgan Money. x.com  x.com 

Solana's apps are moving before SOL, and Jupiter, Orca, Pump.fun and Raydium gain more if a real Solana season arrives. Jupiter, Solana's default swap router, did $18.3B of aggregator volume in 30 days, up 238%; Orca's volume rose 20%; Raydium, the default listing venue, did $4.3B; Pump.fun earned $26.4M in fees in a boring market. Pump.fun trades at $537M against a $316M annualized fee run rate and Orca at $70M against $41M; a re-rate to 10x fees puts Orca at $6.75 and Jupiter near $0.59. x.com 

Jupiter is no longer a fading DEX aggregator but a front end for Solana's fast-growing tokenized stock market. Its Securitize partnership made it the first front end for regulated, institutional-grade tokenized stocks. Tokenized stocks on Solana went from zero to $667m in under a year, RWA value on the network exceeds $2bn, and Solana settles 94% of all-time onchain tokenized equity spot volume. JUP rose 51% this week yet remains 80% below its peak. x.com 

Meteora, Pump.fun, Raydium, Orca and Lido are pick-and-shovel protocols with improving fundamentals and low valuations, each leading its market. MET is +120% with $6.8M revenue at 2.9x P/S; PUMP +10% with $63.0M at 3.4x; RAY +152% with $6.8M at 7.9x; ORCA +57% with $1.3M at 9.1x; and LDO +17% with $3.2M at 9.3x. x.com 

Solana is struggling to sell blockspace, a commodity racing to zero, while heavily diluting holders. At this year's rate, fees come to about $300M against roughly $2.4B of newly minted SOL, and fees are down about 79% year over year amid competition from Ethereum, Base, Hyperliquid, Near and others. SOL is not money either, so neither a profitable-chain nor a monetary-premium bull case holds. Nasdaq earns 17x what Solana does while buying back about twice as much and issuing no shares. x.com  … Show more

Solana is harder to fade because StonkFun's launchpad generated over $20 million in revenue in the last 30 days. SOL price action should follow. x.com 

Live Alpenglow speed and capacity help Solana lead Ethereum in usage and compete for financial activity. Measured slots are 211ms versus 12-second blocks (57x); theoretical basic-transfer capacity tops 65,000 TPS versus 238 (275x), and an initial finality reading is 202ms versus 12.8 minutes (3,800x). Solana has about 1,700 successful TPS versus Ethereum's 23 total TPS (75x). Spot and perp exchanges need that speed and capacity, which Solana combines with high decentralization. x.com  x.com 

Jito's token can return at least 3x and should get back to its all-time high one day. The broader Solana ecosystem looks really good, and Jito's founder is seen as among the best builders. Further buying is planned if the price holds here. x.com  x.com 

Jupiter's JUP token has fixed the problem that makes most altcoins uninvestable, by returning real business value to holders. Jupiter Exchange already has a killer business and a team that ships fast, and it has now cut token emissions to zero, ending new mints for airdrop farmers and the team, while testing buybacks and sharing revenue with holders. That is the only way to build sustainable token growth, and the kind of altcoin to look for in the next bull market. x.com 

Solana's tokenized-equity spot momentum bolsters its case as an onchain equities venue. SolanaFloor reports Solana reclaimed first place in daily spot volume, exceeding all other chains combined. Solana may not compete with Hyperliquid in perps, but that does little to change this bullish view. x.com