$SOL: Agents, Alpenglow, and ETF Flows Drive Catch Up Trade (TP: $300 YE, $400 ’26) - Trades ~$207 after a clean $180→$203 breakout; SOL/BTC and SOL/ETH pairs firming W/W as SOL outperforms large cap. - Ecosystem TVL + stablecoins issued ~$34B (+200% YoY); liquid staked SOL mcap $11.7B (13.6% of staked SOL), with CEX issued LST TVL >$2.8B. - Inflows: $177M weekly into SOL funds ($1.3B YTD); >$1B bridged in August (incl. $661M from Ethereum); Jupiter Lend $800M TMV ($344M+ stables), hylo deposits 10× to $22.7M; RWAs >$500M. - Infra drivers: Coinbase x402 adds Solana; Alpenglow passes governance; perps volume hits $43.9B record; August DEX volume $144B; Pyth feeds power U.S. Commerce GDP data; LBTC arrives via Lombard; Maple loops earn up to 58% on syrupUSDC; first U.S. SOL staking ETF (SSK) AUM $219M; Metalpha deploys BTC liquidity. - Forward look: Multiple spot SOL ETFs signal constructive SEC engagement; stablecoin stack expands; LST share shifts (bnSOL vs JitoSOL/dzSOL)...
Remain Very Bullish on $SOL, TP $300 EoY -Mcap $101.5B (vs $83B in Q2, +22% since); TVL $10.6B (vs $8.6B in Q2, +23% since).; ~$2.5B avg daily DEX volume. -Stablecoin supply $11.4B (3x since Jul ’24); $215B transferred in Jul; 50% of USDC transfers now on Solana. -Bullish IPO settled $1.15B in stablecoins, majority minted on Solana, first use at scale in a U.S. public listing. -Performance: blockspace +20% (plans to double); throughput hit 107,664 TPS burst; reverted txns down, success rates up; fees stable. -Infra: Frankendancer + DoubleZero adoption; finality upgrade to 100-150ms; Jito BAM (private pre-execution), Helius Shreds + archival; pToken upcoming. -DeFi: Raydium >$1T volume; SOL-stable pairs now split across 9 DEXes with <0.5bp spreads; rising competition from AMMs, tg bots, routers, launchpads. -RWAs: $488M live (+140% YTD); xStocks 60+ U.S. equities with $2B volume in 6 weeks; r3 bringing $10B pipeline; tokenized gold, spirits, collectibles emerging. -BTCFi: Bitlayer +...
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