Deepak Khatri

Co-founder & CTO at @ledger_top: 10X Better Blockchain Analytics on Solana.

[Top Ledger @ledger_top]

1/ Solana DEX volume has crossed $1 T YTD.
Solana DEX volume went from $193B in January to a $259B peak in April, then cratered to just $55B by July.
July is running at ~$1.8B/day — about a quarter of January's pace.

[Top Ledger @ledger_top]

1/ Wrapped BTC on Solana: ~6,400 BTC (~$410M) across ~137.8K unique wallets.

That's down from ~7,838 BTC back in April — supply has shrunk ~16% in three months. But wallet count is up from ~131K, so more people are holding smaller bags. Avg holding: ~0.05 BTC (~$3K).

Since Jan 2026, that supply has produced ~$12.0B in DEX volume and ~$26.0B in transfers. Let's break it down.

[Top Ledger @ledger_top]

@solanamobile is redefining the mobile crypto experience.

Now imagine dApps that don't just show a wallet balance — but the full picture: where users are lending, farming, and what LP positions they're holding.

Top Ledger APIs bring that full DeFi intelligence layer to your dApp — holdings, lending, staking, LPs, yield, perps & DEX PnL, across 20+ protocols, in one API call.

[Top Ledger @ledger_top]

1/ Yield bearing tokens sit at ~$284M market cap on Solana — just ~1.7% of total RWA market cap (stablecoins still take ~89%). ~38.4K holders.

USDY leads on market cap (~$181M, 64%). syrupUSDC follows at ~$96M (34%). sUSDe, sUSD, and legacyUSD* split the remaining ~2%.

Holder count flips the script: sUSD has the most holders (~17.2K) with the smallest average balance (~$49). syrupUSDC and USDY have far fewer holders (~3.7K, ~7.4K) but whale-sized balances (~$25-26K each).

[Elon Musk @elonmusk]

Neuralink helping those who have lost their mind to body connection

[Top Ledger @ledger_top]

1/ Stablecoins sit at ~$15.5B market cap on Solana — ~89% of all RWAs. ~9.4M holders.

USDC leads on market cap (~$8.2B, 53%) and holders (~7.1M). USDT: ~$3.8B (25%) and ~2.6M holders.
Some of the other top mints: USD1 ~$1.0B (37K holders), PYUSD ~$682M (55K holders), USDG ~$624M (16K holders) growing, but nowhere near the duopoly yet.

[Top Ledger @ledger_top]

1/Last month, @sunrise and @Backpack together launched their first tokenized stock — SpaceX. Now they're leading in DEX volume compared to @xStocksFi .

In July, Sunrise averaged ~73% of daily DEX volume (~$27M/day vs ~$10M/day for xStocks). July totals: ~$598M vs ~$224M. Sunrise has led every day in July.
Fewer tokens. More trading.

[Top Ledger @ledger_top]

1/ One month ago, @sunrise and @Backpack together launched tokenized SpaceX on @solana .

It didn't stop there.

What started as a single ticker — SPCX — is now a 6-asset suite via Sunrise × Backpack:
SpaceX, Micron, Robostrategy, Sandisk, Roundhill Memory ETF, and SK Hynix.

In just one month, the market has put up ~$1.48B in volume, Combined market cap sits at ~$19M.

That's the headline. The breakdown is where it gets interesting 👇

[Top Ledger @ledger_top]

@solanamobile dApps are redefining the mobile crypto experience.
But most dapps only show what's in their users wallet — not where they're lending, farming, or what LP positions they're sitting on.

Top Ledger APIs bring the full DeFi intelligence layer to your dApp — holdings, lending, staking, LPs, yield, perps & DEX PnL across 20+ protocols in one API call.

[Top Ledger @ledger_top]

1/ Solana RWAs are currently sitting at $17.86B in total market cap.

Stablecoins anchor at 89.5% ($16B). Non-stable RWAs collectively above $1.87B — xStocks $1.16B, tokenized funds $405M, YBT $287M, pre-stocks $14M, commodities $4M

[Syra @syra_agent]

Syra × @ledger_top is live.

Real-time Solana DeFi intelligence across 20+ protocols, Kamino, Jupiter, Raydium, Orca, Meteora, Flash Trade, and more. Lending, perps, LP, staking, yield, rewards, and FIFO DEX PnL.

→ Grow + Wallet Portfolio now show DeFi positions and net worth
→ 9 paid agent tools (MPP upstream, x402 resale)
→ Public GET /topledger/wallet/* routes for agents
→ MCP catalog synced for Cursor and Claude

Tokens were only half the picture. DeFi is the rest.

[Top Ledger @ledger_top]

1/ Beyond market cap: what @xStocksFi holders on Solana actually own.

xStocks AUM on Solana is ~$302M — the largest non-stable RWA category on the chain.

~97.5K unique holders, averaging ~$1,300 in xStocks per wallet. By AUM: TSLAx leads (~18.3%, ~$55M), CRCLx 15.8% ($48M), then SPYx and NVDAx ~11% each, with MSTRx ~7.9%.

Those wallets collectively command ~$466M onchain — but only ~$125M is actually in xStocks. The question is where the rest is allocated.

[Top Ledger @ledger_top]

dApps from @solanamobile are making crypto feel native.

But your users don't just need wallet connect. They need portfolio context.

Top Ledger APIs add the DeFi intelligence layer: holdings, lending, staking, LPs, yield, perps, rewards and DEX PnL across 20+ Solana protocols in one call.

[Top Ledger @ledger_top]

https://t.co/CFd8zZ0P5k

[Top Ledger @ledger_top]

Top Ledger APIs keep getting better for AI agents.

We’ve added new Solana DeFi protocol coverage, improved latency for aggregated APIs like analyze, all-staking, and all-lending, and more teams in the Solana ecosystem are starting to build with it.

Connect any MCP-compatible agent to wallet-level DeFi intelligence.

[Top Ledger @ledger_top]

Top Ledger APIs are now live.

Reliable Solana DeFi intelligence for teams, apps, and AI agents.

50+ endpoints across lending, staking, yield, LPs, perps, governance, rewards, and DEX PnL.

MCP support with 10+ agent-ready tools: analyze, all-lending, all-staking, all-yield, all-governance, and more.

[Top Ledger @ledger_top]

https://t.co/elxH7BB0jA

[Top Ledger @ledger_top]

1/ ~213K BTC are wrapped across all chains.
~7,838 of them sit on Solana — about 3%.

Since January 2026, that 3% has produced:

- ~$15B in transfers
- ~$7.6B in DEX volume
- ~131K holding wallets

Let's deep dive into the current state of wrapped BTC on Solana.

[Top Ledger @ledger_top]

1/ PreStocks on @solana — what they are, and how fast they’re scaling.

PreStocks are onchain tokens that let you take a position on private companies before they go public, now actively trading on Solana. Names include ANTHROPIC, OPENAI, SPACEX, ANDURIL, NEURALINK, XAI, POLYMARKET, and KALSHI.

The growth story is already visible in the market cap. In early March, PreStocks were worth ~$11.2M combined. By March-end they had crossed $14.1M, and today they sit at ~$21.5M — nearly 2x in under two months.

Most of that value is still carried by a few names, led by ANTHROPIC (~$8.9M) and SPACEX (~$4.7M), with NEURALINK (~$1.7M), ANDURIL (~$1.7M), and OPENAI (~$1.5M) forming the next tier. Young market, but the trendline is clearly up and to the right.

[Ramzy @ramzyyalii]

@ledger_top came through big time for the ecosystem with this one!

1/ it was an absolute pleasure working together to put this dashboard together - by far one of the most responsive and professional teams in the space

2/ this is a really powerful tool and for anyone working in DeFi I would suggest keeping it open on a tab 24/7 - especially the "High Utilization" tab

3/ let us know what we could improve in the comments! this is still a WIP and we know we can improve the tool as a community - let us know what you want to see here

@solana DeFi looking good here