Solana (SOL)

an accelerator that treats builders like builders workshops, mentors, and a real funding runway, not just hype. toronto, you’re setting the tempo for Solana builders 🚀

defi needs a ratings agency to evaluate protocols across code security, opsec, and infrastructure. to maximize legitimacy and distribution, this could be led by the Foundations. they have an explicit mandate to support public goods. i reckon @SolanaFndn is already doing something in this direction, but the best version probably is a collaboration with @ethereumfndn and other major ecosystems so that users have a consistent experience across all of defi. the alternative would be the data providers (e.g. @MessariCrypto, @Blockworks, @DefiLlama). but they have paid service lines that might create the appearance of conflict of interest. to be clear, a ratings agency approach will create new problems - startups may have a harder time meeting requirements, costs to get evaluated will be an obstacle, there will be accusations of cronyism, etc. but given the #1 problem we face is lack of trust in defi, those might be acceptable tradeoffs. thoughts?

this is how sol jeeters are making profits maybe that's why there are fewer runners than on eth https://t.co/ffegIOWKR6

Private markets are on Solana

The era of “liquidity at any cost” has ended. In 2026, the market has shifted from valuing protocols by how much capital they can lock to how much cash flow they can generate. As token incentives wind down, the focus has compressed into one metric: Sustainable protocol revenue. As of April 18, total daily DeFi fees reached $57.51M. The leaderboard is no longer dominated by the largest vaults. It is dominated by the most active flow engines. — Chain vs. App: Where Value Is Captured The split is now visible at the ecosystem level. @solana • Chain fees: $403K (24H) • App revenue: $2.24M (24H) @base • Chain fees: $96K (24H) • App revenue: $598K (24H) The takeaway is not which is bigger. It is where value sits. Solana monetizes high-velocity activity. Base optimizes for low-cost execution with high-margin apps. Same users. Different capture layers. — The Revenue Leaders The leaderboard is no longer defined by TVL. It is defined by who converts flow into cash flow. Heavyweights (absolute revenue) • @LidoFinance (liquid staking): Staking yields ~3.8%, with ~$89.2B staked on Ethereum. A stable commission model. • @Uniswap (DEX): Still captures a large share of swap fees, especially across L2s. • @HyperliquidX (perps): A breakout in 2026. $3.27M daily revenue on April 17. Efficiency Layer (revenue vs. capital) • @aave : Optimized interest rate spreads across 15+ chains. Lean and consistently profitable. High TVL, Low Revenue • @eigencloud : Billions in TVL via restaking infrastructure. $5.31M monthly revenue. Still early-stage across core services. Security-heavy, revenue-light. — How Revenue Is Generated Each sector monetizes differently: • DEXs and perps monetize volume and urgency • Lending monetizes time and utilization • Synthetic dollars monetize spread and leverage conditions These are distinct economic systems. Direct comparison misses the structure. — What Separates Winners 2026 is drawing a clear boundary: Protocols generating revenue from behavior vs. Protocols relying on future expectations The gap is widening. Hyperliquid and Lido operate as businesses today. Restaking protocols are still pricing a future state. — Conclusion $22.9M in daily fees is not just activity. It is classification. The market is no longer rewarding scale without cash flow. It is rewarding: • Durable revenue • Credible risk frameworks • Systems that monetize real usage TVL built the narrative. Revenue is defining the outcome. That is the shift.

When you open your Seeker today, you can access 817 Solana dApps 📱📈 And the @solanamobile ecosystem only launched 9 months ago. That’s 817 teams building for Seeker. An insane amount of talent focused on mobile-first Solana. We don’t know which ones yet But there are definitely a few future unicorns among them Building what could define the future of Solana 🤝

.@Solmate officially sold Juve Stabia for €1. For those who didn't know, Solmate is the group formed from the acquisition of Brera Holdings that has turned into a "Solana treasury", i.e., a company that buys Solana "on the market". "On the market" is in quotes because a significant portion of the $SOL it holds was sold at a discounted price by @SolanaFndn (15% discount). At the time, the Solana Foundation offered 2 board seats at Solmate, but they apparently were never actually obtained. Since the post‑transformation highs as a treasury, the stock has lost over 90% on the exchange.