Yash Agarwal

Most people compare Hyperliquid to Ethereum and Solana. @mdudas's frame is different: it's closer to Tether. The no-KYC offshore market, not US perp regulation, is the real moat. 🌊

Are your tokenized stocks giving you the real thing? On/off-ramp securities between traditional brokers and @solana. Soon.

Find these numbers and more: https://solana.com/news/solana-ecosystem-roundup-may-2026

Under the Hood: P-Token Solana saw a 95% drop in token compute costs from Anza's P-Token, plus it freed 12-13% in extra block space for the network https://x.com/1091391900089749504/status/2062550744704950428

Collectibles Teams use Solana’s speed & network effects to build better collecting experiences for card collectors across the world. → $1B — Collector Crypt's total platform volume → $250M — Phygitals' total platform volume → Solana drives 64% of gacha spend volume https://x.com/412587524

Trading Solana spot execution beats CEX venues, and users trade on Solana more than any other network. → Solana is 6.5x cheaper to spot trade on than Binance with VIP9 → Plus $64.6B in monthly perps volume, a new record https://x.com/1654065635582971904/status/2059730629319680352

DeFi Big story is @Ethena’s USDe on Solana: → Kamino's Ethena market crossed $400M, within 24 hours of launch → Deposits across @Jupiter Lend & @Kamino exceeded $1B in days Solana is Ethena's second-largest chain by TVL outside of Ethereum. https://x.com/1949221908131528704/status/2056230756264

Institutional Adoption Tradfi spent May allocating to Solana alongside major announcements from enterprises like Western Union, SoFi, State Street, and J.P. Morgan. → $1B+ — US spot Solana ETF AUM, a new milestone → $115.3M — net inflows in May, the strongest month of the year

Real World Assets Alongside $2.8B in asset value, Solana surpassed 230K+ in onchain RWA holders, a new high. Everything from whisky to private equity to stocks lives on Solana. Two major RWA milestones: → $178M — @onrefinance's AUM at its one-year mark → 151M shares — Bullish's full cap table m

The Headlines → $2.8B+ — real-world asset value, a new all-time high → 97% — Solana's share of all tokenized equities trading → $16.4B — stablecoin supply on Solana → $64.6B — monthly perps volume, a new record