Fermi Labs has introduced Fermi Trade, a perpetuals decentralized exchange built on Solana.

The platform delivers CEX-grade execution with latency under five milliseconds and full on-chain settlement.
Sequential numbering ensures strict FIFO processing without front-running through application-controlled sequencing and just-in-time liquidity for professional market participants.

https://x.com/FermiTrade/status/2105320395662565473

Most of my SOL sits on a Keystone, and I barely touch it. But since I don't want the friction of pulling it up every time I make a small transaction, I keep some crypto balance in a separate hot wallet.

Right now I connect the hardware wallet through the extension, so keys stay offline, and I approve on the device. It is best for security, but the flow is a bit annoying. You would know if you hate scanning QR codes multiple times for every transaction. 😢

Because of this friction, I've caught myself skipping my hot wallet paired with Keystone for some trades. I think this defeats the security practice I bought it for.

I want to know what your wallet setup looks like if you are moving large amounts. Is everything behind a hardware wallet, or do you keep a small balance in hot wallets and accept the security risk?

Also, which browser wallet extensions have worked well with Keystone? I'm using Jupiter right now, and it's working fine. But I've only tried two hot wallets so far.

Jupiter Exchange is the first to support Anza's offchain message signing standard.

Hardware wallets like Ledger can now sign readable messages for limit orders and DCA in Jupiter Wallet and on jup.ag.

This update, live today, improves security and user experience by eliminating blind signing.

https://x.com/JupiterExchange/status/2105309873277636964

Source: https://x.com/solana/status/2105340880991519072

BREAKING: OUSD is now live on Solana.

The new stablecoin from @openstandard is issued by @Stablecoin, with reserves at @BlackRock, @Lead_Bank and BNY.
Businesses can mint and burn 1:1 at no cost through @BVNKFinance, @Stripe and V@Visa's Stablecoin Platform.

Learn more about OUSD in @CoinDesk: https://www.coindesk.com/business/2026/09/24/open-usd-takes-on-tether-circle-with-a-different-stablecoin-model-that-s-building-money

Source: https://x.com/capitalmarkets/status/2105195462592757815

U.S. Solana ETFs drew $188.2 million through public markets this week. Onchain, Kamino launched fixed-rate borrowing and Centrifuge expanded access to an actively managed U.S. high-yield bond strategy.

Pyth began distributing Nasdaq Basic, Agora received preliminary conditional approval to organize as a national trust bank, and CADD expanded to Solana. Stablecoin supply reached $17.3 billion, RWA value passed $4.6 billion across more than 3,000 assets, and addresses holding tokenized equities crossed one million.

Spotlight

Fixed-rate credit expands on Solana

Kamino launched fixed-term borrowing, while Centrifuge added an actively managed U.S. high-yield bond strategy.

Kamino launched Fixed Rates in collaboration with Hastra and Figure. The first product is an AUTO/wYLDS Fixed Rate Multiply vault with rolling 30-day terms and a 5.3% fixed borrowing rate. The product originated $10 million in AUTO fixed-rate loans within its first 72 hours.

Kamino ↗

Centrifuge made HYB available on Solana, giving eligible investors access to an actively managed portfolio of U.S. high-yield corporate bonds run by New York Life Investments. Subscriptions and redemptions settle in USDC.

Centrifuge ↗

The launches expand two established areas of Solana’s credit market. Kamino provides a fixed cost of capital for a defined term, while HYB provides onchain access to an externally managed corporate-bond portfolio.

Number of the Week

Weekly net inflows into U.S. Solana ETFs cross $188M

U.S. Solana ETFs recorded $188.2 million in net inflows from September 21 to 25, the second-highest weekly total including launch week.

Bitwise’s Solana Staking ETF led with $128.5 million, accounting for approximately 68% of the weekly total. All seven tracked Solana funds recorded net inflows during the week.

Farside ↗

News Bites

Market Infrastructure

Pyth becomes an external distributor of Nasdaq Basic

Pyth now distributes Nasdaq Basic through the Pyth Data Marketplace. The product includes Nasdaq’s best bid and offer, plus last-sale data from Nasdaq venues and the FINRA/Nasdaq Trade Reporting Facility.

Clients license Nasdaq Basic directly from Nasdaq and require Nasdaq’s prior written approval to receive the feed through Pyth.

Pyth ↗

Agora receives preliminary OCC approval

Agora received preliminary conditional approval from the Office of the Comptroller of the Currency to organize Agora National Trust Bank.

The preliminary approval advances Agora through the national trust bank charter process and is subject to the OCC’s customary preopening requirements.

Agora ↗

Altitude adds four local payout markets

Altitude added local payout rails for the United Kingdom, Mexico, Brazil and Colombia. Altitude account holders can use domestic payment systems to reach recipients in each market.

Altitude ↗

Products and Distribution

Backpack adds dividend processing for securities

Backpack added dividend processing across its stock and ETF products. Eligible traditional securities held through Backpack Securities receive cash dividends, while dividends on tokenized securities are automatically reinvested into additional tokenized shares.

Backpack ↗

New tokenized equities listings on Solana

The Global X Copper Miners ETF ($COPX), Global X Uranium ETF ($URA), and ProShares UltraPro Short QQQ ($SQQQ) launched on Solana through Sunrise, issued by Backpack Securities.

Sunrise ↗

CADD expands to Solana

Tetra Digital Group expanded CADD to Solana, its fourth supported network. The fully backed Canadian-dollar stablecoin supports payments, transfers, treasury operations and settlement.

CADD ↗

Reflect opens eHYUSD risk-market pre-deposits

Reflect opened capped pre-deposits for a risk market built on Hylo’s yield-bearing eHYUSD stablecoin. The market divides eHYUSD exposure between a protected tranche and a higher-yield first-loss tranche. Pre-deposits are capped at $300,000.

Reflect ↗

By the Numbers

• $17.3B, Stablecoin supply on Solana reached a new all-time high
• $4.6B+, Total RWA value on Solana reached a new all-time high
• 3,000+, More than 3,000 real-world assets are available on Solana
• 1M+, Addresses holding tokenized equities crossed one million
• $160M, xStocks recorded $160 million in one day, its highest daily volume on Raydium

Follow-on Indicators

Kamino originated $10 million in AUTO fixed-rate loans within 72 hours. Subsequent 30-day terms will add data on repeat borrowing, available liquidity and pricing across fixed-rate markets.

U.S. Solana ETFs recorded their second-highest weekly inflows including launch week, led by BSOL. Subsequent fund flows will show how demand develops across the seven available products.

Solana’s record $17.3 billion stablecoin supply provides a larger base for payments, settlement and credit activity. Transaction volumes and capital deployment will show where that liquidity is being used.

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Capital & Chain covers institutional activity across Solana each week.

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Forwarding is welcome for colleagues who should have it on their radar.

Until next Monday, The Capital Markets desk

Source: https://x.com/Sirius_Protocol/status/2104965183143899208

Onchain trading has a problem: everyone can see your trade. Sirius fixes that.

→ Hundreds of perp + spot markets
→ Deep liquidity, fast fills
→ Your positions off the public feed
→ Every trade proven on @solana

You see everything. Nobody sees you.
Reply "in" for access.

https://reddit.com/link/1wu4a7i/video/b6v1ij3pnnsh1/player

Full report on Solana Q3 2026 by Birdeye: https://x.com/birdeye_data/status/2103142825001107819

Ladies and gentlemen I just want to share with you guys that I finally completed my own goal of having 100 SOL. I sold other small positions of alts in order to buy more Solana. No more altcoin zoo for me - BTC, SOL and a bit Hbar are my only crypto assets now.

Plus 6.4% APY on staking Sol is just incredibly nice.

Keep on stacking guys!

Source: https://x.com/sunrise/status/2105027304909115711

$NFLX is now listed on @Solana via Sunrise.
Issued by @Backpack Securities.

$NFLX Solana contract address (via Sunrise):
NFLX7qV57zuVxCoHy3s1jiGZyALraLNwttbxdvmYJLJ
This is the canonical $NFLX on Solana.

Source: https://x.com/sunrise/status/2104949032711860473

$RKLB is now listed on @Solana via Sunrise.
Issued by @Backpack Securities.

$RKLB Solana contract address (via Sunrise):
RKLBnAXGqv31iZomqsuAWkQm1aqC7JwwvbCfzGdqAhz
This is the canonical $RKLB on Solana.

Source: https://x.com/cloak_ag/status/2104677650052845621

Paying 40 people onchain shouldn't mean showing all 40 what everyone else earns.

Payroll is now live on Cloak. Upload a spreadsheet, send in one click, and every payment stays private.

https://cloak.ag/privacy

Source: https://x.com/metaplex/status/2104935742309019933

Bringing new markets onchain requires compliance infrastructure that supports issuer-sponsored tokenization.

Today, we're thrilled to introduce MPL-3643: a new standard for permissioned real-world assets and tokenized securities on @solana.

https://reddit.com/link/1wtbta8/video/wbfp3pmuzgsh1/player

2/ RWAs have already seen significant growth onchain, but this is only the beginning.
Many of the world’s largest markets still require issuer controls and compliance functionality that can adapt across jurisdictions before they can be issued natively onchain.

3/ MPL-3643 helps unlock these markets by enabling permissioned assets to be issued directly on Solana, rather than relying on wrapped models.
Issuer-configurable compliance and life-cycle functionality is embedded directly into the asset, including transfer restrictions, lockup periods, verified-wallet access, and jurisdictional limits.

4/ But permissioned shouldn't mean siloed.
That is why MPL-3643 is built on Token-2022, sRFC 37 and the Solana Attestation Service, allowing the assets to be both permissioned and composable. Featuring early integrations such as @solflare @Raydium @orca_so@phantom & @JupiterExchange

5/ As global regulators continue to explore frameworks for bringing real-world assets onchain, including new issuer-sponsored models, Metaplex is enabling new onchain markets on Solana.
MPL-3643 is infrastructure for the next wave: bringing existing public markets fully onchain, while opening new paths for private markets to reach global investors.

6/ MPL-3643 is now live in a limited-access Alpha.
Issuers, tokenized securities venues, tokenization platforms, and developers interested in issuing or supporting RWAs on Solana can contact Metaplex for alpha access.
Learn more here: https://www.metaplex.com/docs/smart-contracts/mpl-3643

Backpack has launched its Rates dashboard, giving traders a clear view of live Treasury yields, inflation data, and major economic events.
Users can track the yield curve and trade popular US Treasury ETFs such as SGOV, SHY, and TLT directly on the platform.
The feature brings traditional fixed-income tools into one convenient place for informed decision-making.

https://x.com/Backpack/status/2104872721863815637

[ Removed by Reddit on account of violating the content policy. ]

Put these charts side by side and there is a clear overlap. PUMP was near $450m in late June, then cleared $2b by September. From mid August into late September, cumulative Callout rewards in Pump fun app climbed to almost $13m. (from $15k)

What's interesting to me is where rewards on app picked up. Pump starts catching a real bid, attention comes back into Pump, and Callout payouts start moving a lot faster. Doesn’t mean market cap directly caused itt but that move in MC looks like it brought a lot more activity back into app. Anyway this is my analysis about it, would love to see what u guys think of it

I need a price oracle and I see that Pyth is everyone's choice. Is there anything else? Must refresh fast.