The total value of all cryptocurrencies in circulation peaked at $4.4 trillion in late 2024, and it has since plummeted by 45% to just $2.4 trillion as I write this, with the declines accelerating over the last few months. None of the major tokens or coins have escaped the carnage, not even those with genuine use cases that are supposed to drive real value. Solana (CRYPTO: SOL) is the native cryptocurrency in a unique network with the same name, which was launched in 2020 as a cheaper, faster, and more ca ...

（来源：吴说） X 产品负责人兼 Solana 顾问 Nikita Bier 在 X 平台发文称，X 将于下周推出信息披露功能，以应对未披 露广告内容问题，未来或要求用户对付费推广帖进行明确标注，并对违规账户采取暂停等措施。他指 出，平台上存在部分未标明商业合作性质的推广内容，可能误导用户。此前其已在预测市场平台 Kalshi 相关付费推广帖下要求补充披露信息，并警告若不执行将面临封号风险。 登录新浪财经APP 搜索【信披】查看更多考评等级 ...

Solana and Cardano shouldn't be tossed out with the bathwater.Solana (SOL +4.18%) and Cardano (ADA +3.97%) declined more than 50% and 60%, respectively, over the past 12 months. High Treasury yields, expectations for fewer interest rate cuts, and more conservative institutional investing all chilled the crypto market. Leveraged liquidations also triggered waves of profit-taking among retail and institutional investors.During that sell-off, smaller altcoins like Solana and Cardano fared worse than "blue chip ...

吴说获悉，据支付数据科学家 Alex，根据 P2P 转账、汇款、商户支付以及金融科技基础设施评估区块链的支付指数，其中 Solana 排名第一，相对最为均 衡，但主要弱点是稳定币的流动性落后于 Ethereum 和 Tron；Polygon 排名第二，成本、速度和可靠性表现出色，采用率最高，但最大的问题是稳定币流动 性较低；Stellar 排名第三，在跨境转账和汇款表现出色，但稳定币生态规模较低，稳定币供应量仅为 20 亿美元；Tron 排名第四，其在稳定币的交易量上占 据主导地位，特别是在大额和跨境流动中，但小额零售支付受限于费用结构；Ethereum 排名第五，持有全球稳定币供应量的 55%，但支付用户体验在底层 中存在缺陷，不适合日常支付。 （来源：吴说） 阅读原文 ...

Solana remains under sustained pressure as broader market conditions deteriorate. SOL has extended its downtrend for several weeks, reflecting reduced investor confidence.  Recent on-chain data reveals a surge in exchange-directed supply. Roughly $202 million worth of SOL has moved to trading platforms since the beginning of the month. This wave of selling has intensified bearish momentum and revived capitulation signals not observed since 2022. Solana Holders Are Selling Active deposits on the Solana n ...

吴说获悉，据 SolanaFloor 数据报告显示，随着 x402 微支付竞争加剧，Solana 目前占据约 49.7% 的 x402 交易份额，较本月初一度超过 88% 的峰值明显回落，主要受 Polygon 竞争加速影响。数据显示， 全链 x402 累计交易笔数已超过 1.2 亿，其中 Solana 贡献超 4500 万笔，累计支付金额超过 4100 万美 元，Solana 占约 1640 万美元。周度数据方面，Solana 的 x402 交易量已从 2025 年 12 月约 680 万笔高位 下降逾 90%，至 2 月 9 日当周不足 51 万笔。 （来源：吴说） ...

（来源：吴说） 吴说获悉，据 Solana Daily 最新的 Layer 1 区块链收入数据显示，Solana 在 2026 年 1 月的收入为 2.45 亿 美元，排名第一，紧随其后的是 Tron 和以太坊，分别为 1.6 亿美元和 8900 万美元。 ...

Core Insights - Solana's price has shown consolidation without decisive recovery, indicating limited investor confidence in the broader crypto market [1] - New Solana investors have reduced their activity significantly, with new addresses dropping from nearly 10 million to 7.62 million, a decline of 23% [2][3] - The shift in investor behavior suggests a hesitance among potential buyers, waiting for clearer recovery signals before engaging [3][7] Investor Behavior - New addresses on the Solana network have decreased, indicating a slowdown in onboarding momentum and reduced network expansion [2][3] - Holders are pulling back, with a notable shift from buying to selling pressure as evidenced by increased transfers of SOL to exchanges [8] - Approximately 1.4 million SOL, valued at around $117 million, entered exchanges in the last 48 hours, increasing available supply and potentially limiting upside momentum [9][10] Price Analysis - Solana's price remains range-bound between $89 resistance and $78 support, currently at $86, which is the midpoint of this channel [11] - A failure to hold the $78 support could lead to a decline towards $67, confirming a bearish structure [11] - If selling halts and inflows diminish, SOL could challenge the $89 resistance, with a potential breakout pushing the price towards $97 and possibly $105, indicating a structural recovery [12]

Financial Data and Key Metrics Changes - Revenue in Q1 fiscal 2026 increased more than four times to $21.4 million compared to $4.6 million in Q1 fiscal 2025 [16] - Gross margin increased significantly to 78.6% in Q1 fiscal 2026 from 24.5% in Q1 fiscal 2025, primarily driven by staking revenue from the Solana treasury strategy [16] - Net loss for Q1 fiscal 2026 was approximately $585.6 million, compared to a net loss of $0.7 million in Q1 fiscal 2025, largely due to a decline in the fair value of SOL holdings [18] Business Line Data and Key Metrics Changes - Forward held approximately 6,962,501 Solana as of December 31, 2025, with over 99% staked, generating a staking yield between 6.5% and 7.2% [13] - Fully diluted SOL per share increased from 0.0604 at the end of September 2025 to 0.0624 at the end of December 2025, representing a growth of roughly 13% in the fiscal first quarter [14] Market Data and Key Metrics Changes - Solana continues to lead in key metrics such as decentralized exchange trading volumes, active users, and developer engagement, demonstrating resilience and performance [6][7] - Institutional engagement has expanded significantly, with major financial institutions and payment platforms integrating with Solana [7] Company Strategy and Development Direction - The company aims to build a permanent capital vehicle that participates directly in the growth of the Solana ecosystem, evolving beyond a treasury into an active value-generating business [5] - Forward Industries is focused on compounding SOL per share by engaging directly in economic activities on-chain rather than relying solely on passive exposure [6] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the volatility in the market but emphasizes that Solana is now being evaluated based on actual performance rather than theoretical scalability [6] - The company believes the opportunity in front of Solana is increasingly clear, with a focus on long-term growth and responsible risk management [5][6] Other Important Information - Forward became one of the first public companies to have its SEC-registered shares live on a public blockchain, enhancing its operational capabilities [8] - The company launched fwdSOL, a proprietary liquid staking token, representing approximately 25% of its SOL holdings, allowing for efficient deployment of staked SOL [9] Q&A Session Summary Question: How does the company view recent token price volatility? - Management noted that SOL is down approximately 70% from its all-time high, which is typical in the crypto market, and emphasized maintaining a clean balance sheet [19][20] Question: What is the company's approach to potential M&A? - The company is looking for accretive acquisitions and is well-positioned to capitalize on opportunities due to its lack of institutional debt [23][24] Question: How should shareholders view SOL per share as a performance metric? - SOL per share growth is considered the North Star KPI, with a target to consistently generate returns greater than the staking yield [24] Question: What is the expected trend for staking yields as Solana network usage grows? - Management clarified that increased validator participation does not impact yields for stakers, and they expect yields to increase with network activity [43][44] Question: Can you clarify the nature of related party G&A expenses? - Related party expenses are associated with the launch of the digital asset treasury strategy and are expected to decrease in the coming months [50]

RT Solflare - The Solana Wallet (@solflare)Market might be down, but builders don’t stop.Accelerate APAC (Hong Kong, @SolanaConf · Feb 11, alongside @consensus2026) was proof. Here’s a quick recap of the biggest announcements.If you were there, you felt it IRL.If you weren’t - here’s your TLDR.(You’ll want to bookmark this) ↓ ...