Solana News: Tokenized Stocks, Micro Futures, and Staking ETFs Incoming

Market Overview

The first half of the year is mercifully behind us. After starting 2025 with so much Trump in our step, it’s been a disappointing six months for retail investors as Bitcoin led the crypto market in H1, gaining 13% while most altcoins, including Solana, lagged behind. SOL fell 17% in the same period.

Despite the slide, the publicly listed Canadian company SOL Strategies Inc. is strategically investing in Solana's growing ecosystem. For its first move, the firm purchased over 52,000 Jito Network (JTO) tokens worth $100K.

https://twitter.com/solstrategies_/status/1938220759530271058

Moving on to the weekly chart, the market cap of Solana’s leading ecosystem tokens barely moved while the trading volume tanked 28%.

Source: CoinMarketCap

As Q3—a historically weak quarter for Bitcoin—begins, Solana has taken a big leap in two key areas: tokenized stock trading and developments related to ETF approval in the U.S.

Here is what happened in Solana this week.

Solana's Performance

Tokenized stocks have arrived on Solana as Backed's xStocks go live on Bybit, Solana, Jupiter, and more.

However, the biggest news of the week is that REX Shares will debut the first Solana staking ETF in the U.S. on July 2. This development could drive institutional capital to SOL's ecosystem.

The ETF news propelled Solana above $158, but a lack of momentum saw its price retrace to $150. In the end, Solana had to settle for a 3% week-on-week gain.

Source: CoinMarketCap

In addition, Canary Capital has filed for a PENGU ETF, bringing meme coins a step closer to institutional investment.

L1 Ranking Update

Solana's total value locked (TVL) rose over 4% to close the week at $10.125 billion. Apart from Tron, which edged up 11%, Tron was the biggest TVL gainer among the top 10 DeFi blockchain networks.

Source: DeFiLlama

DeFi

Solana’s weekly DEX volume suffered a 9% loss, lowering its 30-day cumulative volume to $62 billion.

Source: DeFiLlama

Biggest Winners & Losers

Top Performers

• Useless Coin (USELESS): +45.47%

• Pudgy Penguins (PUDGY): +42.3%

• Solana Name Service (FIDA): +17.63%

• Dog (DOG): +15.56%

• Launch Coin on Believe (LAUNCHCOIN): +14.87%

Biggest Losers

• Chintai (CHEX): -23.34%

• Aura (AURA): -20.75%

• Pocket Network (POKT): -18.1%

• Orbs (ORBS): -15.72%

• Zebec Network (ZBCN): -15.61%

Source: CoinMarketCap

Latest Solana News

Robinhood Expands Crypto Access With Solana Micro Futures

Robinhood has introduced micro futures contracts for Solana, giving traders a lower-risk, lower-capital way to speculate on its price.

Fragmetric Airdrops $FRAG Tokens To Boost Solana Restaking

Solana-based restaking protocol Fragmetric will launch its $FRAG token on July 1, airdropping 100 million tokens—10% of its supply—to early community contributors. An eligibility checker is now live following the completion of its first community rewards campaign.

Upexi To Tokenize Nasdaq Shares on Solana

Upexi, a Solana-focused treasury firm, will tokenize its Nasdaq-listed shares via Superstate’s Opening Bell platform. The move aims to enable 24/7 trading, increased liquidity, and DeFi integration through on-chain public equities.

What You Can Do Now

• Trade SOL micro futures contracts on Robinhood.

• Track Fragmetric's airdrop eligibility checker to receive free FRAG tokens.

• Follow the news as Solana ETFs and tokenized stocks grab headlines.

• Watch out for Solana's performance in H2.