Solana

On Thursday, April 2, 2,665,137 SOL previously locked in staking was unlocked within a few minutes, with the holdings valued at over $211 million. The unstaking occurred in two transactions as SOL traded around $79, while the token later changed hands near $77, down 6.52% over the past day.

On Thursday, SoFi Technologies launched SoFi Big Business Banking, enabling U.S. enterprises to hold deposits, move money, and settle in fiat, SoFiUSD, and select cryptocurrencies 24/7 from SoFi Bank, N.A. The company says the platform combines a nationally chartered bank’s regulatory framework with API-based rails designed to reduce settlement delays tied to traditional banking hours.

Drift Protocol on Solana lost about $285 million in an exploit, including stablecoins such as Circle's USDC. ZachXBT said Circle failed to freeze $230 million USDC that was bridged from Solana to Ethereum via CCTP and claimed it had roughly six hours to act. Multiple protocols reportedly paused activity after the incident, while Circle's CRCL stock extended a decline with MFI falling to 19 and BBP indicating seller dominance.

Drift Protocol suspended deposits and withdrawals after an exploit drained about $280 million via admin-level access. The Solana-based DEX said the attacker took over Security Council permissions using pre-approved transactions, then removed withdrawal limits and added a malicious asset. The incident underscores how governance, multisig approvals, and signing workflows can become key DeFi attack surfaces.

Solana (SOL) traded around $78, falling nearly 6% on the day and extending an 11% weekly decline. Drift Protocol said it suffered an exploit, while an on-chain monitor claimed nearly 980,000 SOL was drained and losses exceeded $200 million. The move leaves traders watching whether SOL can reclaim $85 or risks breaking below the $78 support zone.

Bitcoin and ether ETFs posted a second consecutive session of net inflows, with bitcoin funds taking in $117.63 million and ether funds adding $31.17 million. Bitcoin ETF trading volume reached $3.11 billion with net assets at $87.46 billion, while ether ETF volume hit $1.03 billion and net assets rose to $11.98 billion. In contrast, XRP and solana ETFs saw no trading activity, ending with net assets of $943.73 million and $805.84 million, respectively.

Stablecoin transaction volume on Solana climbed to a record $650 billion in February and was described as tracking toward a comparable jump in March. Over the same period, Solana DEX activity cooled, with last week’s volume at $11.42 billion versus Ethereum’s $7.25 billion, while one analyst projected a potential move to $360 with support and resistance levels outlined.

Drift Protocol has suspended deposits and withdrawals after confirming an active attack and disclosing the incident on 1 April. Early on-chain estimates put potential losses near $285m, spanning assets such as $71.4m in USDC and $159.3m in JLP. The team said it is working with security firms, bridges, and exchanges, while the alleged exploit method remains unconfirmed.

Drift Protocol, a Solana-based decentralized exchange, said it is under an active attack and halted deposits and withdrawals, emphasizing it was not an April Fools' joke. On-chain watchers reported that more than $270 million in assets were suspiciously drained and routed to a single wallet. The incident is being handled with multiple security firms, bridges, and exchanges, the protocol said.

Solana recorded 10.1 billion transactions in the first quarter of 2026, marking the first time the network has crossed 10 billion in a single quarter. The figure was posted on April 1 by Artemis, and it implies roughly a 50% increase from Q4 2025.