Solana Weekly News

This week in the SolanaFloor newsroom: KelpDAO loses $290M to Lazarus Group as contagion hits Solana lending rates, Tether's USDT supply on Solana surges 16% in 7 days as Circle loses community trust. Plus, Polymarket and Kalshi enter the perps arena while Solana remains sidelined, Toly challenges hackers to crack his immutable app for a 5 SOL prize, and Singapore's 88 year old OCBC tokenizes a $526M gold fund on Solana, while CT debates whether Solana's PvP memecoin culture is costing the chain.

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Jack → https://x.com/_JackDunham

Full stories covered in this episode:

📍 $280M KelpDAO Exploit Forces DeFi Liquidity Crunch — Is Solana Safe?

https://solanafloor.com/news/280m-kelp-dao-exploit-forces-defi-liquidity-crunch-solana-safe

📍 Tether's $USDT Supply on Solana Jumps Over 14% in 7 Days

https://solanafloor.com/news/tether-s-usdt-supply-on-solana-jumps-over-14-in-7-days

📍 Polymarket, Kalshi Enter Perps Arena, Solana Sidelined in Both Sectors

https://solanafloor.com/news/polymarket-kalshi-enter-perps-arena-solana-sidelined-both-sectors

📍 "Return to Open Source Immutable Software" — Solana Co-Founder Issues Challenge to DeFi Community

https://solanafloor.com/news/return-open-source-immutable-software-solana-cofounder-issues-challenge-defi-community

📍 OCBC Brings $526M Physical Gold Fund Onchain with $GOLDX Launch on Solana

https://solanafloor.com/news/ocbc-brings-526-m-physical-gold-fund-onchain-with-goldx-launch-on-solana

📍 Traders Blame 'PvP Culture' for Solana's Languishing Memecoin Market

https://solanafloor.com/news/traders-blame-pv-p-culture-for-solana-s-languishing-memecoin-market

This week in the SolanaFloor newsroom: Tether steps up with a $150M Drift recovery plan as Circle faces fierce backlash for refusing to freeze stolen funds, the SEC delivers a landmark ruling giving DeFi apps the green light on broker-dealer registration, Solana records $1.1T in Q1 economic activity, a new all-time high. Jump Crypto's research shows Solana PropAMMs outperform CEXes in 99.3% of retail swaps. Plus Seeker's developer count explodes 106% QoQ and Solstice farmers are not happy.

Timestamps

00:00 Welcome + Market Check

05:40 Tether's $150M Drift Rescue

18:38 USDT vs USDC on Solana

21:32 71% of SKR Staked — Seeker Flywheel

30:36 SEC's DeFi Green Light

32:59 Jump Crypto: Prop AMMs Are Winning

40:37 Hyperliquid vs Solana Perps

43:49 Solana's $1.1 Trillion Q1 ATH

47:59 Is It All Bot Volume?

52:42 Meme Coin Era vs Stablecoin Era

1:00:30 Honorable Mentions: Tokenized Stocks, XPL, More

1:08:32 Stat of the Week: USDC vs USDT Market Share War

1:12:28 Tweet of the Week: Lily Liu on Solana's Values

1:13:58 Next Week Preview

▶ Follow Solana Weekly News so you never miss the week in Solana.

📬 Get the stories first — subscribe to the SolanaFloor newsletter: https://solanafloor.com/newsletters

🔗 Follow along:

SolanaFloor → https://x.com/solanafloor

Finn → https://x.com/solace_fm

Thomas → https://x.com/thomasbahamas

Jack → https://x.com/_JackDunham

Full stories covered in this episode:

📍 Tether Leads $150M Drift Recovery Plan After Circle Refused to Freeze Stolen Funds

https://solanafloor.com/news/tether-leads-150m-drift-recovery-plan-after-circle-refused-freeze-stolen-funds

📍 CEO Jeremy Allaire Stands Firm on Circle's Inactivity During $285M Drift Exploit

https://solanafloor.com/news/ceo-jeremy-allaire-stands-firm-circles-inactivity-during-285m-drift-exploit

📍 SEC Gives DeFi Apps Green Light in Statement on Broker-Dealer Registration

https://solanafloor.com/news/sec-gives-defi-apps-green-light-statement-broker-dealer-registration

📍 Seeker Developer Count Rises 106% QoQ Amidst Solana dApp Store Boom

https://solanafloor.com/news/seeker-developer-count-rises-106-qoq-amidst-solana-dapp-store-boom

📍 Solana PropAMMs Better Than CEX in 99.3% of Retail Swaps

https://solanafloor.com/news/solana-prop-amms-better-than-cex-99-retail-swaps

📍 Solana Records $1.1T in Q1 Economic Activity, A New All-Time High

https://solanafloor.com/news/solana-records-1t-q1-economic-activity-new-all-time-high

📍 Solstice Farmers Disappointed by $7 Airdrop Registration Fee

https://solanafloor.com/news/solstice-farmers-disappointed-7-airdrop-registration-fee

This week in the SolanaFloor newsroom, Finn and Thomas Bahamas break down the Solana Foundation's sweeping new security standard launched in the wake of the $285M Drift exploit, the explosive growth of tokenized pre-IPO trading on Solana crossing $544M in volume, and why trading terminal volume has collapsed to its lowest point since September 2023.

We also cover Titan Exchange's bold claim of 4x Binance outperformance through its new DART router, Manifest's historic options market launch in collaboration with Dual Finance, and the key token unlocks to watch across the Solana ecosystem in April 2026.

▶ Follow Solana Weekly News so you never miss the week in Solana.

📬 Get the stories first — subscribe to the SolanaFloor newsletter: https://solanafloor.com/newsletters

🔗 Follow along:

SolanaFloor → https://x.com/solanafloor

Finn → https://x.com/solace_fm

Thomas Bahamas → https://x.com/thomasbahamas

Full stories covered in this episode:

📍 Solana Foundation Launches Security Standard to Safeguard DeFi in Wake of $285M Drift Exploit

https://solanafloor.com/news/solana-foundation-launches-security-standard-safeguard-defi-wake-285m-drift-exploit

📍 PreStocks' Success on Solana Drives Total Tokenized Pre-IPO Trading Volume to $544M

https://solanafloor.com/news/pre-stocks-success-on-solana

📍 Titan Exchange Promises 4x Binance Outperformance Through New DART Router

https://solanafloor.com/news/titan-exchange-promises-4x-binance-outperformance-through-new-dart-router

📍 Manifest Launches Options Markets on Solana in Collaboration with Dual Finance

https://solanafloor.com/news/manifest-launches-options-markets-solana-collaboration-dual-finance

📍 Solana Ecosystem Token Unlocks: What to Watch in April 2026

https://solanafloor.com/news/solana-ecosystem-token-unlocks-what-to-watch-in-april-2026