Sep. 11 at 2:18 PM
Weekly Solana Update
FORWARD INDUSTRIES RAISES
$1.65B FOR SOLANA TREASURY STRATEGY
Forward Industries secured
$1.65B from Multicoin Capital, Galaxy Digital, and Jump Crypto to launch the largest Solana DAT, aiming to accumulate
$SOL and deploy capital within the ecosystem; funds remain unspent, signaling major upcoming buy pressure.
PUMPSWAP TOPS SOLANA DEX VOLUME AS PROJECT ASCEND DRIVES CREATOR EARNINGS
Pump.fun’s DEX, PumpSwap, hit a record
$878M in daily volume, surpassing Meteora and Raydium, while Project Ascend introduces dynamic fees and a tokenized creator model—fueling a weekly
$PUMP gain and over
$12M in creator payouts.
JUP LEND HITS
$1.02B IN DEPOSITS WITH STRONG STABLECOIN DEMAND
In its first two weeks, Jupiter’s Jup Lend attracted
$1.02B in deposits—
$344M in Earn vaults led by
$USDC—and
$682M in borrowing, though still behind Kamino’s
$4.5B. Early traction shows strong product–market fit, especially among stablecoin users and smaller wallets.
