Week in Solana: Coinbase, Tensor and SEC Cook as Markets Bounce
SOL closed down 1% at $136 after dipping below $125! Institutions keep stacking with 20 consecutive days of net inflows into spot ETFs! Coinbase acquiring Vector.fun signals deeper ecosystem bets!
Here's this week's breakdown 🧵
1/6
📊 Market Overview:
Solana's ecosystem market cap dipped 3% to $183.8B. Trading volume plunged 36% to $15.8B. But the story? SOL spot ETFs maintain their winning streak, 20 straight days of inflows since debut. Smart money is loading while retail hesitates.
2/6
DeFi & Ecosystem Metrics:
Solana's TVL fell below $9 billion as leading L1s took hits. Weekly DEX volume dropped 8% but still dominates competitors. Volatility everywhere, yet the ecosystem keeps growing
3/6
🏛️ Sector Moves
🔹 @Coinbase acquiring Vector.fun from Tensor Labs, deal closing this year.
🔹 @21shares_us launched the TSOL ETF on Cboe, joining Fidelity, Bitwise, Canary, and Grayscale.
🔹 @wormhole Sunrise goes live to bridge MON and external assets into Solana DeFi.
🔹 @fuseenergy scores rare SEC no-action letter for DePIN project.
4/6
🎯 Performance Highlights:
Top gainers:
🔹 Tensor (TNSR): +286.97%
🔹 Graphite Protocol (GP): +93.09%
🔹 READY! (READY): +87.66%
🔹 Wojack (WOJAK): +76.13%
🔹 AI Rig Complex (ARC): +49.37%
5/6
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