Solana Breakpoint 2025 Highlights: Which Major Developments Are Worth Noting?

Author: BlockBeats

Solana Breakpoint 2025 will be held from December 11 to 13 in Abu Dhabi, UAE, bringing together more than 6,000 developers and project teams from over 100 countries to focus on the latest developments and future prospects of the Solana ecosystem.

Real Vision co-founder and CEO Raoul Pal, Solana co-founder Anatoly Yakovenko, Lily Liu, Chair of the Solana Foundation, Mike Novogratz, founder and CEO of Galaxy, and other industry leaders will attend and deliver speeches. BlockBeats will provide real-time updates and coverage from the conference. Here is the latest content:

December 12

Figure has submitted an application to the US SEC for native stock issuance on Solana

On December 12, Mike Cagney, Executive Chairman of Figure, stated at the Solana Breakpoint conference, "About a week and a half ago, we announced another development—equivalent to conducting a second IPO. We are issuing a new version of Figure equity natively on the public chain.

This issuance will not enter DTCC, nor will it be traded on Nasdaq or NYSE, nor rely on referral brokers like Robinhood, nor depend on prime brokerage services from institutions like Goldman Sachs. It is a security native to the blockchain, traded on Figure’s own alternative trading system (ATS), essentially a decentralized trading platform: self-custodied, self-traded, autonomous market.

Investors will be able to bind this type of security to an ATS wallet instead of a traditional brokerage account; then they can use this equity for collateralized lending, lending, and other operations in DeFi."

Kamino Co-founder: Launching fixed-rate and fixed-term lending products to achieve true interest rate discovery

On December 12, Marius, co-founder of Kamino, a liquidity protocol in the Solana ecosystem, stated at the Solana Breakpoint conference, "We are about to launch fixed-rate, fixed-term lending products. Users will be able to choose interest rates and durations, and transact accordingly.

This mechanism allows institutions needing to determine financing costs to enter the market, while also enabling asset recycling strategies to obtain stable, lockable spread.

We are working with Fal X (one of the largest brokers in our market), and one important sub-component is lending intent—it allows borrowers and lenders to place orders at their desired interest rates, thereby achieving true on-chain interest rate discovery and forming an on-chain yield curve."

Drift Co-founder: Mobile app to launch in Q1 2026

On December 12, Cindy, co-founder of Drift, a DeFi protocol in the Solana ecosystem, said at Solana Breakpoint, "We will launch a mobile app in the first quarter of next year.

This will be the first native application integrating multiple collateral accounts on mobile, including features like launching an app store, native mobile experience, and upcoming native liquidity provisioning tools to bring deeper liquidity and faster transaction efficiency."

Perp DEX aggregation platform Ranger: Token pre-sale to raise $6 million

On December 12, FA2, developer of Ranger Finance, a perpetual contract aggregation platform in the Solana ecosystem, announced at Solana Breakpoint, “We are ready to issue the Ranger token. The most suitable platform for Ranger is MetaDAO, with a minimum fundraising goal of $6 million, which will also be the platform’s highest to date.”

Metaplex announced the official release of the first public version of Genesis SDK, allowing anyone to build issuance platforms or access token data.

On December 12, Stephen, Chief Designer of Metaplex, stated at Solana Breakpoint, "The first public version of Genesis SDK is now officially live. Genesis SDK will empower multiple applications—for example, a dedicated launchpad trading platform, or an aggregator that monitors and alerts traders.

When new tokens are launched on-chain, any application can integrate and immediately use smart contracts with fair issuance models."

Bulk Co-founder: Solana is currently the most suitable ecosystem for building

On December 12, Jun, co-founder of Bulk, a DEX in the Solana ecosystem, said at Solana Breakpoint, “As market makers, when trading across different platforms, spot and perpetual markets, we quickly realized that Solana is the most suitable ecosystem for building—not only because the team is excellent, but also because it has the highest net asset inflow, the most diverse community, and rich product offerings. But it has always lacked a truly professional trading experience, and the issues ultimately boil down to latency, a robust risk engine, and user experience. Our goal in coming to Solana is to solve these problems.”

Backpack Founder: Solana is currently the only network capable of large-scale decentralized execution

On December 12, Armani Ferrante, founder of Backpack, said at Solana Breakpoint, “Solana is currently the only network capable of large-scale decentralized execution. Over the past few years, developers have explored a vast design space for solving scalability issues. Looking back at 2017-2018, hundreds of projects raised hundreds of millions or even billions of dollars. But as far as I know, Solana seems to be the only project capable of doing this at large scale.”

HumidiFi Developer: Solana is radically reshaping retail finance, HumidiFi’s spread ‘beats’ Binance

On December 12, Ben, core team member of HumidiFi, a dark pool DEX, stated at Solana Breakpoint, "On the path to transforming the world, Solana can now handle tens of thousands of transactions per second with near-zero costs. Anyone worldwide can access—through new seat licensing and membership tiers—enter a fully open, permissionless, Wall Street-grade, programmable, global market.

We recently built a decentralized trading platform called ‘HumidiFi’ that offers tighter quotes than Binance, with an average bid-ask spread of just a few basis points. But what I really want everyone to realize is: this system is radically reshaping retail finance. Retail investors can now get better spreads than any traditional brokerage platform, with an average compression to just a few basis points.

Currently, this system accounts for 60% of all on-chain trading volume—and we are just getting started."

Solana Co-founder: Many startups with revenues exceeding 100 million are built on Solana, ecosystem expansion accelerating

On December 12, Raj Gokal, co-founder of Solana, said at Solana Breakpoint, "Among the 20 companies recently reaching $100 million in revenue, most come from the crypto industry, and most of these are built on Solana. This has always been our initial goal.

I believe achieving this requires the ‘entropy’ brought by thousands of entrepreneurs—who continually explore various value propositions utilizing blockchain space. I think Solana now has this ecosystem potential. Events like the ‘Colosseum’ hackathon are growing larger, with over 1700 teams participating each time.

When we talk about scaling, a common metric is: what percentage of global financial transactions can be on-chain? I believe Solana has the opportunity to accelerate its share in the crypto space over the next 10 years. In fact, the development speed of crypto industry is much faster than we expected in 2017.

Back then, we couldn’t imagine the US having such clear regulation or receiving support from some major countries—they are starting to issue assets on-chain, and major banks are joining in. So I think Solana should raise its on-chain target to 25%, and Solana could at least capture 10% of that market."

Solana Co-founder Toly: No more official GitHub submission rights, network moving toward true decentralization

On December 12, Anatoly Yakovenko, co-founder of Solana, said at Solana Breakpoint, "What I like most is that decentralization doesn’t mean no leadership, but rather the emergence of many leaders. Over the past five years, many have stepped up—people from the foundation, Labs, and community members, developers of applications and protocols—who have truly taken on leadership roles for the entire network.

Now, I don’t even have GitHub commit rights anymore. I only took two minutes to speak on stage. My goal is to sit in the audience—I think this means the network has truly matured and has its own life. I am very proud of this."

Anza Vice President: Reducing Solana account rent costs by 10 times, account creation rent to decrease by 10x

On December 12, Brennan Watt, Vice President of Engineering at Anza, said at Solana Breakpoint, “Proposal SIMD-0389 aims to reduce Solana account creation rent by 10 times, potentially up to 100 times with further scaling.”

Note: In Solana, Account Rent refers to the ‘storage fee’ paid to keep an account’s data on-chain permanently.

Based on Anza’s analysis of the security slowdown mechanism, this change was discussed at recent SolanaConf and may involve reclaiming hundreds of millions of dormant SOL to promote broader adoption while maintaining network security.

Solana ecosystem based on MEV flow staking rewards protocol Toby to launch tokens

On December 12, the MEV-based flow staking rewards protocol Toby announced at Breakpoint that it will launch the TOBY token, aiming to bring baseline yields to Solana via OpenMEV.

It is reported that OpenMEV plans to serve the $10 billion real yield demand within the ecosystem and will be integrated into major protocols like Jupiter, Sanctum, Kamino, and Drift.

Jupiter stablecoin JupUSD expected to launch next week

On December 12, Jupiter announced at Solana Breakpoint that its stablecoin JupUSD is expected to launch next week.

BlockBeats previously reported that on October 8, Ethena partnered with Jupiter to launch the native Solana stablecoin JupUSD. The token is planned to go live in Q4. Jupiter intends to “gradually convert” about $750 million USDC in its liquidity pools into JupUSD.

Solana Breakpoint 2026 summit to be held in London, UK

On December 12, it was announced that Solana Breakpoint 2026 will be held for the first time at the Olympia Exhibition Centre in London, UK, from November 15 to 17, 2026.

On December 11, Raoul Pal stated: “The current bull cycle should peak around 2026. Cryptocurrency is essentially a macro asset.”

On December 11, Raoul Pal, former Goldman Sachs executive, author of ‘Global Macro Investor,’ and co-founder and CEO of Real Vision, said at Solana Breakpoint:

"The decline in labor participation rate means a shrinking labor force. Demographics are a key driver of debt. Population growth will continue to decline, meaning the debt-to-GDP ratio will keep rising—that’s the problem.

We have to face global debt issues, and currency devaluation has been a way to address (or delay) this problem. We’re already seeing signs that the Fed has to reconsider its balance sheet and start ‘monetizing’ all this debt. Over the next 12 months, we expect to see about $8 trillion printed through liquidity injections.

I know many may think the crypto cycle is over and that ‘good days are gone.’ But in reality, what drives all this is cyclicality—not from Bitcoin halving cycles, but from debt maturity cycles.

So I think we are in a 5-year cycle, not a 4-year one. We’ve already gone through the trough of this cycle, and the next phase is upward. The cycle should peak by the end of 2026, not 2025. This is a breakthrough realization for us as global macro investors: understanding that cryptocurrencies are actually a macro asset.

Additionally, cross-rates between altcoins and Bitcoin are driven by the business cycle, which seems to be bottoming out rather than topping out."

Solana Co-founder: Stablecoins are the current clear direction, Solana will capture as much market share as possible in the competition

On December 11, Anatoly Yakovenko, co-founder of Solana, said at Solana Breakpoint, “The core to growth is continuous product development that people need.” He emphasized that stablecoins are the current clear direction, and it is expected that 1 to 10 trillion USD in stablecoins will be onboarded in the future, driving the tokenization and on-chain adoption of about 500 trillion USD assets globally.

Toly stated that the strong property rights protection brought by public chains and cryptography does not conflict with free-market capitalism and Wall Street logic—instead, it complements by eliminating faults and risks via software, thus rapidly expanding Wall Street’s financial scale. He stressed that stablecoins are an extension, not a replacement, of the US dollar. Layer 1, especially PoS networks, have a clear value capture mechanism. Solana aims to capture as much market share as possible in this competition."

Lily Liu: SOL spot ETF has seen nearly $1 billion net inflow in 6 weeks against the trend; DAT will serve as a bridge connecting Solana and the public markets

On December 11, Lily Liu, Chair of the Solana Foundation, said at Solana Breakpoint 2025:

"Solana is the first blockchain platform to establish a Policy Research Institute. Now, for every institution, formulating a digital asset strategy is imperative. As these institutions enter the blockchain space, they are choosing Solana. Western Union processes over $60 billion annually in remittances and has chosen Solana. Pfizer handles $2 trillion in merchant payments annually and has also chosen Solana. Other institutions are following suit.

Of course, ETFs are a major theme this year. We have finally seen the launch of physically-backed Solana staking ETFs—they entered the Solana ecosystem en masse about six weeks ago, and within just six weeks, assets under management approached $1 billion. During the overall market downturn, we experienced continuous net fund inflows for three weeks. Six physically-backed Solana staking ETFs are now listed in the US market.

Another important theme this year, somewhat controversial—DAT (Crypto Treasury Company). Many see DAT as a short-term liquidity tool, but we hold a different view. Because Solana is one of the few platforms enabling enterprises to build on both infrastructure and asset layers. We believe DAT will be a long-term ecosystem company, serving as a bridge connecting Solana with the public markets, building infrastructure, asset management systems, and integrating all these functions into one."

Coinbase executives: Solana-based DEX trading features now live in the app

On December 11, Andrew Allen, Head of Solana Products at Coinbase, said at Solana Breakpoint, “Coinbase has launched Solana-based DEX trading within its app, allowing users to trade any Solana on-chain tokens directly through the familiar interface, with payments via USDC, fiat cash, bank accounts, or debit cards, with slippage and routing handled automatically by the backend.”

Allen added that Coinbase is expanding native support for Solana comprehensively, and in the future, users will be able to see Solana assets directly within the app, ensuring access to millions of Coinbase users even without token listing processes when sufficient liquidity is available."

Bitwise Co-founder: Applications in the Solana ecosystem truly utilize the network’s last 1% performance

On December 11, Bitwise Co-founder and CIO said at Solana Breakpoint, "Compared to networks like Ethereum, applications on Solana truly utilize the last 1% of performance, providing the next edge in liquidity and scalability.

On many chains, running a node is just ‘downloading software and double-clicking to start.’ The amount of staked tokens varies little, and the applications and network impact are almost the same; but on Solana, the application landscape changes daily, protocol layers, performance, and capacity are rapidly iterating, and node performance directly determines the ceiling.

Because of this, we pay extra attention: as this product (referring to staking ETFs/trusts) locks more and more SOL, the entire ecosystem, developers, and community must feel that—its growth won’t ‘break’ the market structure or ecosystem, but instead make the network more stable, reliable, and capable of supporting the next round of innovation."

Paxos CEO: Applied for US SEC clearing agency license to issue on-chain stocks and bonds natively

On December 11, Chad Cascarilla, co-founder and CEO of Paxos, said at Solana Breakpoint, “Paxos has applied to the US SEC for approval as a clearing agency, enabling us to directly custody and issue on-chain stocks and bonds natively in the future, allowing users to hold real underlying assets instead of derivatives. This will lay a key foundation for large-scale on-chain traditional assets.”

Cascarilla stated, “Paxos aims to push traditional assets onto the chain and continue expanding in stablecoins and asset tokenization, including growth in USDG and gold tokenization products. I believe the open chain will become a unified global asset trading platform and significantly enhance market accessibility and liquidity.”

Galaxy DeFi leader: Solana is the only blockchain capable of hosting tokenized securities

On December 11, Marcantonio, head of Galaxy DeFi, said at Solana Breakpoint, "Galaxy Digital is listed on Nasdaq—it’s a publicly traded stock. But we chose to tokenize our own stock on Solana because, in our view, Solana is the only blockchain with the speed and efficiency needed to support tokenized securities.

We hope Solana can dominate so that, when you compare the prices of the same securities on Solana and Nasdaq, you’ll prefer to buy on Solana. That’s our ultimate goal."

Anza Chief Economist Max Resnick: SOL trading volume on the network is three times Binance, competition is intense

On December 11, Max Resnick, Chief Economist at Anza, said at Solana Breakpoint, “We reached 100,000 TPS in May. Not on testnet or in whitepapers, but live. The market structure is evolving in real-time: proprietary market makers are tightening spreads; now, SOL-USD trading volume is three times Binance, competition is fierce, and order books are becoming tighter and deeper daily.”

Circle CEO: Launching Circle Gateway on Solana

On December 11, Jeremy Allaire, co-founder and CEO of Circle, said at Solana Breakpoint, “Circle will soon launch Circle Gateway on Solana, enabling cross-chain instant access to unified USDC balances.”

Sunrise CEO: Successfully launched MON, trading volume exceeded Hyperliquid and various CEXs in the first 24 hours

On December 11, Saeed, CEO of Sunrise, a liquidity gateway in the Solana ecosystem, said at Solana Breakpoint, "The first asset we launched on Solana is the MON token. We took a non-native token not issued on Solana and integrated it into the ecosystem on the first day and minute of launch. It not only competes with all other on-chain trading venues but also faces off against CEXs.

Within 24 hours, its trading volume surpassed Hyperliquid, KuCoin, Kraken, Coinbase, Bybit, Bitget, Gate, and other well-known platforms—some of which have over a million users. Even more impressive, it has tighter spreads and higher volume than these established CEXs, all supported solely by native Solana users.

Moreover, Saeed believes that if assets can be issued on Solana and remain competitive like their centralized counterparts, it’s not just about launching tokens; it could also include stocks, commodities, or any financial product."

Helius CEO: Recommends investors buy BSOL to help developers build faster applications

On December 11, Helius CEO Mert said at Solana Breakpoint, “Investors can buy the stock token BSOL issued by Bitwise and managed by us (the SOL spot ETF), and because you buy it, we use the proceeds to make the network run faster—your transaction directly helps developers build applications more quickly.”

Circle CEO: Solana’s attractiveness grows daily, more platforms adopt USDC on Solana as their main infrastructure

On December 11, Jeremy Allaire, CEO of Circle, said at Solana Breakpoint, “Solana’s trading volume far exceeds all other chains. Its infrastructure is becoming increasingly mature and attractive. More and more large platforms targeting consumers and merchants are choosing USDC on Solana as their primary infrastructure.”

DoubleZero Co-founder: 15 core contributors are providing fiber cables for Solana to build a high-performance alternative internet

On December 11, Austin Federa, co-founder of DoubleZero, said at Solana Breakpoint, “DoubleZero has many independent contributors—now up to 15—who are contributing fiber capacity to the network. These are real physical cables connected in, building a completely independent transmission path for Solana.”

This ‘crowdsourced fiber’ approach is unprecedented: all existing high-performance chains are operated by single companies holding the main control keys; DoubleZero has no such ‘single point,’ with each contributor laying and controlling their own fiber lines.

Yat Siu: Animoca Brands has invested in over 628 portfolio companies, about 200 of which are gaming projects

On December 11, Yat Siu, co-founder and director of Animoca Brands, said at Solana Breakpoint, “Animoca Brands has invested in over 628 portfolio companies, about 200 of which are gaming projects. He believes Bitcoin is similar to digital gold, while altcoins are like stocks, serving as growth engines in crypto. Given that altcoins carry real use cases, their total market cap will eventually far surpass Bitcoin.”

OSL Group to issue USDGO stablecoin on Solana

On December 11, Zhang Yinghua, Chief Business Officer of OSL Group, said at Solana Breakpoint 2025, "OSL will partner with Solana to launch the USDGO stablecoin. As the brand and distributor of USDGO, Anchorage Digital Bank will be the issuer.

USDGO is pegged 1:1 to USD and is regulated by U.S. authorities, planned for official launch in Q1 2026. Solana will be the first blockchain deploying USDGO, with plans to expand to more chains in the future. It is not just another stablecoin but a compliant payment infrastructure for enterprise and institutional use."

Bhutan announces issuance of the world’s first sovereign-backed gold token TER on Solana

On December 11, Bhutan officials announced at Solana Breakpoint 2025 a milestone collaboration, marking a key step for Bhutan to become a ‘cryptofriendly country’:

On December 17, 2025—Bhutan’s National Day—the world’s first sovereign-backed gold token will be launched on Solana. The token is called ‘TER,’ meaning ‘treasure’ in Dzongkha.

It will be a 1:1 peg to Bhutan Treasury gold, real-time auditable, and settled in seconds as an SPL token, marking its first entry into the on-chain world."

Solayer Mainnet Alpha version officially launched, supporting real-time financial applications

On December 11, Solayer announced the official launch of its InfiniSVM mainnet Alpha. InfiniSVM is a hardware-accelerated blockchain capable of sustaining 300,000 transactions per second with sub-second finality. The network enables developers to deploy existing Solana apps with excellent performance, unlocking use cases in high-frequency trading, real assets, and institutional finance.

Users can connect SOL via sBridge and interact immediately with deployed applications. Developers can access documentation and deployment tools to start building on InfiniSVM.

This release coincides with Solana Breakpoint in Abu Dhabi, marking Solayer’s integration into the Solana ecosystem and its commitment to supporting it, while continually expanding its capabilities in demanding application categories.

Galaxy founder: Solana remains ‘born for capital markets’

On December 11, Mike Novogratz, founder and CEO of Galaxy, said at Solana Breakpoint:

"As regulation becomes clearer, the industry is entering a phase where ‘building products users will actually use’ is essential. The value of crypto assets is driven by community and actual growth, and narratives must be supported by real use and innovation. Solana’s high speed makes it ‘born for capital markets,’ and our cooperation with Jump is based on its infrastructure capabilities in high-frequency trading.

The crypto market has been volatile this year, but I am still optimistic. One of our clients recently made a $9 billion Bitcoin sell order, with early investors taking profits and diversifying their portfolios. Meanwhile, new entrants keep buying Bitcoin. I’ve been attending conferences in Abu Dhabi, further reinforcing my optimism. The Abu Dhabi Financial Week gathers top investors worldwide, including capital giants. After interacting with industry leaders, I am more confident: the global wave of embracing blockchain and digital assets is accelerating, not slowing down."

Kyle Samani explains Solana ACE: allowing developers to specify custom ordering rules

On December 11, Kyle Samani, co-founder of Multicoin and chairman of Forward Industries (FORD), said at Solana Breakpoint: “ACE (Application-Controlled Execution) will let developers specify custom transaction ordering rules while still operating on a single global system with a shared liquidity pool.”

As part of the July 2025 ‘Internet Capital Markets’ roadmap for Solana, ACE grants smart contracts millisecond-level control of transaction ordering, combining traditional financial microstructure with blockchain scalability to reduce fragmentation in DeFi.

Jito Co-founder: Solana is winning the speed race, network block computation limit will leap to 100 million units early next year

On December 11, Jito co-founder and CEO Buffalo said at Solana Breakpoint, "Solana is winning the speed race, this is already very clear. Over the past few years, we’ve seen transaction throughput grow sixfold, thanks to the efforts of Solana engineers and developers.

In the charts here, you can see the continuous growth of block space over recent years. Early this year, Solana’s per-block compute limit was about 48 million units, then increased to 50 million, then 60 million. It’s expected to jump to 100 million early next year and continue exponential growth."