Solana

The BTC trader known as the "1011 whale" reappeared with a combined long exposure above $500M across BTC, ETH, and SOL, and placed limit buys for ETH at $3,030–$3,150 and SOL at $138.6. On December 11, he moved 5.152K BTC to a new address, while BTC later reclaimed levels above $92,000 amid cautious derivatives positioning.

Solana has revealed that XRP will be available on its blockchain via a new wrapped token called wXRP, issued by Hex Trust with LayerZero handling the bridge at a 1:1 redemption rate. The launch, presented at the fifth Solana Breakpoint event, aims to plug XRP into Solana's DeFi markets as analysts note the asset is trading around a major "flip area" near critical support and resistance levels.

At Solana Breakpoint in Abu Dhabi on December 12, co-founder Raj Gokal outlined a goal for Solana to reach a 25% share of on-chain transactions over the next decade. He cited ecosystem momentum, including 1,700 "Colosseum" hackathon teams. As of December 12, 2025, SOL trades at $139.15, according to CoinMarketCap.

On 12 December 2025, Bhutan announced TER, a sovereign digital token backed by the country's gold reserves and issued through Gelephu Mindfulness City. DK Bank will safeguard the physical gold while Matrixdock builds the tokenized asset on Solana, aligning with Bhutan's broader effort to expand its blockchain ecosystem and modernize national finance.

Galaxy Digital issued short-term commercial paper on December 11, 2025, raising $50M through debt tokenized on the Solana blockchain. J.P. Morgan arranged the transaction, while Coinbase acted as custodian and lead investor alongside Franklin Templeton. The bank said that proceeds from both issuance and redemption will be settled in USDC.

Blockworks and the Solana Foundation plan to roll out Lightspeed IR, an investor-relations platform for institutional allocators in the Solana ecosystem, in Q1 2026. The platform converts raw on-chain data into institutional research and streamlines communications for Solana token projects. Target users include funds, asset managers, and large token holders.

At the Solana Breakpoint Conference, Bitwise Co-founder Matt Hougan said Solana’s application stack drives node performance to its ceiling. He warned that the rise of staking via ETFs or trusts must be managed to avoid destabilizing the ecosystem. On December 11, 2025, SOL was $136.34 with a $76.60 billion market cap and about $5.64 billion in 24-hour volume.

Blockworks is rolling out Lightspeed IR with the Solana Foundation to streamline how crypto projects communicate with professional investors. The platform is designed to replace fragmented dashboards, GitHub repositories and chat channels with standardized onchain metrics and investor-focused research. The initial rollout will center on projects in the Solana ecosystem, according to Blockworks.

Coinbase has added Solana-based DEX trading directly into its app, allowing its estimated 100 million users to trade any Solana token without waiting for centralized listings, as announced at Solana Breakpoint 2025. The update supports payments via USDC, cash, bank accounts, and debit cards, making the expanding Solana ecosystem easier to access.

On December 11, 2025, dYdX launched its first spot markets, allowing U.S. traders to access Solana-based spot trading for the first time. dYdX Labs said all spot trading fees will be waived for the entire month of December, and the platform cites more than $1.5 trillion in cumulative derivatives trading volume since launch.