Solana Weekly Recap (5 July 2026): Onchain Governance, Agave v4.1, World in Phantom and Velocity

In the first week of July 2026, Solana built on its foundations: core decisions now move onchain in a formalized process, the validator client prepares the consensus switch, and World’s wallet integration shows what consumer distribution looks like on Solana. We summarize the key developments and link our detailed coverage of each.

Governance and Protocol

• Onchain governance is live: validators submit Solana Governance Proposals (SGPs) and vote stake-weighted — with a 100,000 SOL bar to propose, a 15% support threshold and delegator override via Merkle proof. → Read more
• Agave v4.1 is recommended for mainnet validators: lower RAM, XDP out of experimental, Pinocchio rewrites — and the groundwork for Alpenglow. → Read more

Wallets and Consumer

• World launches as a non-custodial prediction market directly inside the Phantom wallet — event contracts with Chainlink resolution and onchain settlement in the CASH stablecoin. → Read more

DeFi

• Drift is now Velocity: the perp protocol pairs its post-exploit relaunch with a rebrand; a private beta is planned shortly. → Read more
• Tokenized assets keep growing: per Solana’s own analysis, tokenized-asset spot volume rose from $2.69 billion in Q1 to $5.7 billion in Q2 — a new quarterly high (self-reported, not independently verified). Background: Tokenized stocks on Solana

Further Reading

• Alpenglow: Solana’s new consensus explained
• Solana validator selection
• Onchain perps on Solana explained
• Detecting Solana address poisoning

Not financial advice. This weekly recap summarizes publicly reported developments. Prediction markets and tokenized securities are subject to different rules by jurisdiction.

Sources

• Primary sources are listed in each linked individual report.
• Solana — solana.com/news
• Previous week: Solana Weekly Recap (28 June 2026)