Mastercard introduced always-on stablecoin settlement on Solana, Backpack announced a tokenized brokerage, and $716M of RWA capital flowed in last month, more than any other network. While the market looked one way, the institutions and builders kept shipping.
Hereโs everything that happened:
๐ฐ Headline News
- @Mastercard introduced always-on stablecoin settlement on Solana
- @Backpack announced Backpack Securities, merging traditional brokerage with Solana-native tokenization
- @SolanaFndn launched native Subscriptions and Allowances for delegated spending and recurring billing
๐ฐ Launches
- @moonpay introduced the MoonAgents Desktop App, connecting ChatGPT or Claude so AI agents can pay onchain
- @sunrisedefi, @MeteoraAG and @BedrockFndn teamed to launch Dynamic Assets
- @SolanaFndn announced dedicated support for teams building fully onchain perpetuals and supporting infrastructure
- @bulktrade activated Season 1 with pre-deposits now open
- @ORE deployed a quantum-safe smart wallet to secure ORE holder and staking assets from quantum threats
- @craftsdev introduced equity-linked tokens, enabling onchain exposure to real company outcomes
- @useDecal debuted Decal Treasury, featuring automated yield engine that funds integrated corporate loyalty programs
- @axelar went live on Solana to enable cross-chain messaging and programmable asset transfers
- @PhoenixTrade launched mobile trading and cross-chain deposits
- @raikucom activated rkuSOL, an LST that routes three distinct streams of AOT and JIT auction revenue back to stakers
- @JupiterExchange rolled out TCG credit features on Jupiter Offerbook, utilizing @phygitals and @Collector_Crypt
- @moonshot released Moonshot Packs, bringing physical trading card experience onchain
- @packs_supply launched a collectibles SOV that rewards stakers with physical packs
- @Paytrie expanded the Canadian dollar stablecoin to Solana
- @strongholdpay expanded its SHx token network to Solana via @axelar
- @paj_cash debuted v2 of its payment platform, enabling account-based Web3 off-ramps
- @lava_xyz released Lava Card, a zero-annual-fee Visa debit card
- @Dyadnum launched a WhatsApp-native trade engine to streamline cross-chain asset routing
- @UmbraPrivacy launched its privacy-focused web interface
- @zodial_xyz shipped a portfolio-margin lending protocol
- @Certora formally verified Solanaโs P-token upgrade
- @MonkeFoundry opened Cohort 2 applications, closing June 12
- @BitRobotNetwork announced applications for its robotics laboratory program
- @jaileddotfun launched Jailed, an onchain prison simulator game deployed on Solana
- @gachasports shipped a sports-led gacha platform
- @predikt_gg announced bringing cross-market access and leverage to @solana prediction market users
- @rektdrinks released SOL Berry, a Solana-themed sparkling water
๐ฐ Milestones
- @solana led onchain collectibles markets with ~60% of total volume
- @Raydium crossed $2B in cumulative trading volume for tokenized equities
- Solana recorded the largest RWAs net capital inflow across chains in May crossing $716M
- @KASTxyz won Best Digital Assets Fintech at BeInCrypto Institutional 100 Awards
- @kamino's xStocks market surpassed $30M in total market size
- @solanamobile crossed 1K live apps on the dApp Store
- @helium_mobile, the consumer carrier built on Helium's Solana-based network, was acquired by Andrew Yang's @joinnoblemobil
If you enjoyed this weekโs newsletter, please share it with an RT.
@axelar@squidrouter 7/ SHx has always focused on infrastructure that supports real-world financial applications, payments, and accessible blockchain participation.
Expanding into Solana is a natural next step.
Solana is now live on Axelar Mainnet.
The integration enables cross-chain messaging and asset transfers between @Solana and Axelar-supported ecosystems.
Read more: https://t.co/MjLtrDfiNP
๐จ JUST IN: DTCC plans to bring tokenized securities onto the Stellar ($XLM) network, marking another major step forward for real-world asset adoption (RWA).
Following the news, $XLM surged +19% in the past 24 hours as trading volume spiked sharply ๐
Momentum is spreading across the Stellar ecosystem too, with ecosystem-related projects like @strongholdpay $SHX also gaining traction today.
Eyes back on #XLM @StellarOrg ๐
Trade $XLM: https://t.co/DoSwxjaZ3q
Trade $SHX: https://t.co/XVEe6MgUKD