Solana Weekly Recap (October 25, 2026): Alpenglow on Mainnet, Stock Tokens, J.P. Morgan

The week had five themes. Alpenglow has been active on mainnet-beta since October 21, and Anza published Agave v4.4.0-rc.0 as a release candidate. Sunrise listed more stock tokens from Backpack Securities, including TSLA, NVDA, AAPL, and AMZN.

J.P. Morgan has made MONY and JLTXX available on Solana, Securitize calls Solana its largest network, and Lookonchain links further ETH deposits into Tornado Cash to the attacker behind the Drift exploit. The Sparkassen have opened Solana trading in their app, Grayscale has opened in-kind creations for GSOL, and SkyAI reports that the sale of its SOL holdings is complete.

Solana Mobile cites 1,500 dApps in the dApp Store, Circle Gateway supports EURC on Solana as well, and Superteam Germany is a partner of the TUM Blockchain Conference in Munich. We summarize and link to our full coverage for each.

Infrastructure

Alpenglow: Alpenglow has been active on mainnet-beta since October 21, 2026, at the start of epoch 1064. Anza writes that finality fell from 12.8 seconds to 150 milliseconds. StakeCraft cites a latest reading of 394 milliseconds. The upgrade page counts 446 of 654 votes and about 900 milliseconds for the handover. → Read the story
Agave v4.4: On October 19, Anza moved the mainnet rollout for Agave v4.4 in the wiki. Volunteers are asked to put 10 percent of stake on v4.4 on October 26, and 25 percent on November 2. On October 24, Anza published v4.4.0-rc.0 as a pre-release, the first release candidate, and not a mainnet release. → Read the story
PoH and memory: Anza merged pull request 16302 on October 22. The description says PoH under Alpenglow kept an old bank in memory, about 1 GiB extra on mainnet after an epoch boundary. The change releases that bank. The pull request is labeled v4.4. → Pull request 16302
Firedancer v26.10.4: Firedancer v26.10.4, dated October 21, is marked mainnet-ready. The notes describe a gossip fix against Agave and repair tuning when a node falls behind. Firedancer and Frankendancer were not supported for the migration, according to the upgrade page. → Release
Marinade SAM: Marinade writes that the SAM auction checks the vote-account balance and pulls stake when the Alpenglow fee is missing. The upgrade page sets that fee at 0.8 SOL per epoch. Marinade writes that 66 validators won stake for epoch 1064. → Read the story · Post
web3.js: A check of the npm registry on October 20 showed the latest tag for @solana/web3.js on 3.1.1. Version 3.1.1 carries a timestamp of October 19, 2026. Version 1.x needs a pinned version. → Read the story
SIMD-0504: The pull request for SIMD-0504 was merged on October 20. It removes the requirement that shreds in an FEC set carry identical signatures. The text gives possible consensus problems as the reason. → Pull request 593
Non-vote transactions: Solana puts successful non-vote transactions in the third quarter of 2026 at 8.92 billion. The chart names Allium and gives 4.38 billion for the fourth quarter of 2025. The gain of about 24 percent on the second quarter is Solana’s figure, with data from Allium. → Read the story
Chainstack: On October 20, Chainstack described a rebuild of its Solana RPC. Chainstack puts the p95 of getProgramAccounts at under 2 seconds, down from 25 to 60 seconds. All of these figures are Chainstack’s. → Read the story
BlockRun: BlockRun writes that prompts and replies stay in memory on the Solana gateway only while a request is in flight. The product page did not list that rule on October 22. The graphic in the post leaves out images, audio, and video. → Read the story

Security

Drift: One Ethereum address deposited 25,710 ETH into Tornado Cash on October 20, and another deposited 24,885.1 ETH on October 21. Lookonchain attributes both addresses to the attacker behind the Drift exploit. On-chain checks by SOLANA·HUB put the combined deposits at 50,595.1 ETH. → Read the story
svmgov: Asymmetric Research describes a bug in svmgov from its first six weeks on mainnet. Override votes were not counted when the validator itself did not vote. The fix was on mainnet on August 3, 2026, and the SGP-0002 result stayed at 67.00 percent. → Read the story

Regulation, ETFs, and Treasuries

Sparkassen: Since October 19, customers of the first Sparkassen can trade Bitcoin, Ethereum, Ripple, Solana, and Polygon in the app. The fee is €0.99 per order. Das Investment writes of a custody license in 2024. Bloomberg writes of a crypto-trading license in 2025. → Read the story
ESMA: ESMA has answered Q&A 2949 on Article 70 of MiCA. The answer is dated October 6. Client funds must sit in an account at a credit institution or a central bank by the end of the next business day. While they remain at a payment service provider, the safeguarding duties in Article 70 still apply. → Read the story
France: The agenda of October 20 places the vote on part one of the 2027 budget on November 3. The vote on the social-security budget is set for October 27. → Read the story
GSOL: On October 21, Grayscale opened in-kind creations for selected products, including GSOL. For GSOL, the release cites an approximate minimum of $80,300 as of October 20, and that minimum can change without notice. Access runs through an authorized participant. → Read the story
SkyAI: On October 19, SkyAI said the sale of its entire SOL holding was complete and that the cash tender runs until October 29. As of October 16, SkyAI reports about $223.8 million in cash. In an open letter on October 21, Bastion Trading asks the chairman and the directors for an explanation or their resignations. → Read the story
Hong Kong: On October 22, OASES admitted a seventh group of 18 strategic enterprises. The annex names Solana. Solana Company says it is that entry and plans to run validators in Hong Kong. → Read the story
Project Harmonia: Project Harmonia is taking applications until October 24. The RFP page sets the start in the first quarter of 2027. The story on solana.com names the fourth quarter of 2026 and the first quarter of 2027. House of Sol scheduled the salon for October 19 in Frankfurt. → Read the story
Spot ETFs: A SoSoValue post on October 19 puts that day’s net flow for U.S. spot ETFs on SOL at a loss of $6.72 million. Citing SoSoValue, CryptoSlate puts outflows for the week through October 16 at $25.52 million, after $24.81 million the week before. SOLANA·HUB has not checked the issuers’ daily figures. → SoSoValue · CryptoSlate · Tenth outflow day

Markets and Tokenized Assets

Sunrise: On October 18, Sunrise wrote that trading volume over the previous week was above $840 million. Sunrise names more than 245,000 new holders. Among the new listings, Sunrise includes TSM and AVGO. Backpack says they are redeemable 1:1 for TSMC ADRs and Broadcom shares. → Read the story
CHWY: On October 19, Backpack Securities and Sunrise wrote that token CHWY is listed via Sunrise. According to Backpack, it is redeemable 1:1 for Chewy shares. → Backpack · Sunrise
More stock tokens: From October 20 through October 23, Sunrise and Backpack Securities listed TSLA, META, ABNB, AMZN, NVDA, and AAPL via Sunrise. According to Backpack, the tokens are redeemable 1:1 for the corresponding shares and can be transferred to traditional brokers. Sunrise puts ABNB’s first-day volume above $5 million. That figure is Sunrise’s. → TSLA through AAPL · AMZN
Ondo via LI.FI and 1inch: On October 19, LI.FI announced Ondo stocks on Solana through Intents. Ondo speaks of more than 450 assets. On October 20, 1inch and Ondo wrote that more than 450 Ondo stocks are reachable through 1inch. For Germany and Austria, Ondo requires professional-client or qualified-investor status. In Switzerland, the eligibility page says the stocks are not available to private individuals. → Read the story
Kamino: On October 18, Kamino wrote that the supply of tokenized stocks had passed $50 million. On October 21, Kamino cites more than $170 million of deposits in the AUTO market. On October 23, Kamino cites $62.7 million of fixed-rate loans outstanding and more than $12 million of automatic rollovers in the week through October 23. → Supply · Fixed rate · Rollover
Securitize: On October 21, Securitize wrote that Solana is its largest network, with $1.10 billion of tokenized assets. The rwa.xyz table showed Solana first the same day, at about $1.10 billion. That row counts 20 assets. → Read the story
MONY and JLTXX: On October 22, J.P. Morgan Asset Management made MONY and JLTXX available on Solana for qualified U.S. investors through Morgan Money. On October 23, 6 MONY were in circulation. The JLTXX factsheet, as of September 30, cites $628.48 million of fund assets. → Read the story
Tokenized-stock holders: On October 19, Solana wrote that 1.4 million addresses hold tokenized stocks on Solana. The chart names Blockworks and counts addresses, not people. Token Terminal cites about 92,700 additional addresses from October 12 to 19, and the largest gain among ten chains. → Read the story
Pyth: On October 19, Pyth wrote that 26 single-stock indexes are available around the clock, for the United States, Korea, and Japan. At the time of the check, no document listed those 26 names one by one. → Read the story
Reflect: On October 22, Reflect said Create is available. According to Reflect, one transaction can issue a stablecoin with its own name on Solana. The docs describe a closed beta with a whitelist. → Read the story
EURC: On October 23, Circle wrote that Gateway supports EURC alongside USDC, including on Solana. Outside Arc, Circle puts the EURC fee at 1 basis point. A post the same day puts EURC circulation above €450 million across all chains. → Read the story · Circulation
Raydium: Raydium puts net revenue for the third quarter of 2026 at $7.99 million, after $2.19 million the quarter before. Tokenized-asset volume was $3.99 billion, according to Raydium. The charts name Blockworks Research. These are Raydium’s figures, not an audited result. → Read the story
Pump.fun and Kraken: On October 21, nine Pump.fun addresses sent about 129,798 SOL to one shared address. The same sum went to the address Solscan labels as the Kraken hot wallet. Those transactions do not show a sale. → Read the story

Products and Ecosystem

dApp Store: On October 22, Solana Mobile wrote that the Solana dApp Store had passed 1,500 dApps. The same threshold was already in the blog on October 14. → Read the story
Seeker Connect: On October 21, Solana Mobile published the Seeker Connect SDK. A tap connects a dApp to the Seeker wallet. Traffic runs through Solana Mobile’s Nostr relays. → Read the story
Decrypt and Jupiter: On October 22, Decrypt wrote that readers should be able to swap tokens from Decrypt Money Accounts through Jupiter. Jupiter wrote the same day that trading in those accounts is already running. The accounts have run on Solana since October 8, and balances are held in USDT. → Read the story
Top traders: On October 23, Phantom wrote about the 100 top traders in the app. According to Phantom, the view shows open positions, closed trades, and balance history. → Read the story
Pump Bridge: On October 21, Pump.fun introduced Pump Bridge for cross-chain trades. According to Pump.fun, the path is twice as fast as Relay and has twelve times fewer buy failures. There is no independent measurement of those figures. → Read the story
Orca: On October 22, Orca announced two Adaptive Fee profiles, Launch Spike and Quick Reset. The pool fee responds to price movement. → Read the story
Meteora: According to Meteora, new tokens on the DBC launch tool can carry transfer fees paid out to holders. In the changelog for release 0.2.2, the fee on the base mint is at most 10 percent. That release is described there as active on mainnet and devnet. → Read the story
GMX: On October 22, GMX described builder fees on Solana. On an extra $1,000 of position size at 0.01 percent, GMX cites $0.10. The docs require the feature to be active in the protocol store. → Read the story
Beezie: On October 20, Beezie opened the migration from Base to Solana. The window ends on October 27 at 8:00 a.m. US Eastern, which is 1:00 p.m. CET. Beezie does not move wallet balances automatically. → Read the story
Collector Crypt: On October 19, SolanaFloor wrote that Collector Crypt led Axiom in revenue over seven days. For October 12 through 18, DefiLlama shows $3,625,001 for Collector Crypt and $2,710,034 for Axiom. → Read the story
Hylo: On October 20, Hylo reported a strategic round of $1 million, led by Solana Ventures, with Colosseum participating. Both investors wrote the same day that they are continuing to back Hylo. → Read the story
Phoenix: On October 20, Imperial announced that it would fold Armada into its own perp exchange and shut Phoenix down. Solflare perps run through Phoenix. → Announcement · Solflare
Solflare: On October 20, Filip Dragoslavić announced that he is leaving Solflare. According to his post, cofounder Vidor Gencel continues as sole CEO. → Read the story
Altitude: On October 19, Altitude invited people to a Bill Pay demo at Money20/20. The demo uses the ANSI X9.150 QR standard, and settlement is meant to run in USDC on Solana. → Read the story
Alchemy: On October 21, Alchemy announced a Solana fund of $20 million in credits. A team can receive up to $25,000. Partners are Superteam, the Solana Foundation, and Monke Foundry. → Read the story
Colosseum: On October 23, Colosseum published the project directory for the Crypto World’s Fair hackathon and cites 2,973 submissions. Colosseum calls the hackathon the largest in crypto history. Winners follow in four to five weeks, according to Colosseum. → Read the story
Stocklana: On October 23, Solana named the Stocklana hackathon winners. First place goes to Roster Finance and is funded with $35,000. The hackathon page cites 604 submissions. → Read the story
Hyperdash: On October 19, Hanson Birringer published a Hyperdash study on X. Users of six wallet apps, including Phantom, are down a combined $280 million on Hyperliquid perps. A bit more than half of the losses since November 10, 2025, is fees. → Read the story
Munich: The TUM Blockchain Conference runs from October 29 to 31 in Munich. Superteam Germany is listed with the community and media partners. In a post on October 23, Superteam Germany calls itself a community partner. → Read the story
Breakpoint grants: On October 20, Superteam Germany pointed to a content bounty for people based in Germany. Fifteen winners are each supposed to receive 400 USDG for Breakpoint. The post cites 11 p.m. on October 25. The listing page cites 21:59:59 UTC. → Read the story

Deeper Reading

Alpenglow: Solana’s New Consensus: what Votor changes about finality
Solana Wallet Security: phishing, drainers, and hardware wallets
Tokenized stocks on Solana explained: how stocks are represented onchain

Tokenized securities are not accessible in all jurisdictions.

Sources

Primary sources are listed in each linked individual report.
Solana — solana.com/news
Previous week: Solana Weekly Recap (October 18, 2026)