Market Performance - Solana's market cap exceeded $100 billion, reclaiming the 5th-largest crypto spot [2] - Solana DeFi TVL increased approximately 304% QoQ to $86 billion [2] - RaydiumProtocol surpassed $1 trillion in all-time trading volume in July [2] - Solana DeFi TVL hit a 2025 high of $27 billion in July [2] Technological Advancements - Anza_xyz introduced Alpenglow, reducing finality latency from approximately 128 seconds to 100-150 milliseconds [2] - Jito-Solana client updates (v2219 and v2220-jito) rolled out for validators/devs [2] - StylusPort migration framework launched with tooling roadmap [2] Real World Assets (RWA) - Solana RWA value climbed approximately 239% QoQ to ~$3906 million [2] - Solana emerged as a hub for RWAs—from equities to real estate and infrastructure [2] - OUSG (tokenized US Treasuries) reached $796 million market cap [2] - Institutions bought approximately 3 million SOL; tokenized stock volume hit $293 million in one month [2] Application and Network Activity - Solana Application Revenue Capture Ratio rose dramatically to 2116% [2] - Weekly transactions with BNB Chain topped 340 million [2]

Product Launch - Binance launched RWUSD, a principal-protected product [1] - RWUSD offers up to 4.2% APR, benchmarked to yields from tokenized U.S Treasuries and other RWAs (Real World Assets) [1] - Users can subscribe to RWUSD 1:1 using USDT or USDC [1] Restrictions - RWUSD is non-transferable, non-tradable, and cannot be withdrawn on-chain [1]

Partnerships & Integrations - Binance institutional clients now support USYC as off-exchange collateral, unlocking more capital efficient yield with tokenized U S Treasuries [1] - The collaboration brings the power of tokenized traditional assets to one of the largest ecosystems in crypto [1] Product Features - TMMF (Tokenized Money Market Fund) is backed by U S Treasuries [1] - USYC offers near-instant fungibility with USDC [1]

Overview - Ondo Finance's USDY, a tokenized U S Treasury product, is launching on Sei Network [1] - This integration aims to bring institutional-grade finance to the Sei ecosystem [5] USDY Features - USDY is a yield-bearing asset backed by short-term U S Treasuries and bank deposits [1] - USDY will be the first tokenized treasury asset on Sei [1] - USDY simplifies access to tokenized U S treasuries on Sei as a compliant, composable ERC-20 asset [4] Sei Network Integration - Sei is a Layer 1 blockchain designed for speed, scalability, and composability [1] - Sei's fast block times and parallelized EVM execution enable seamless USDY deployment across DeFi platforms [3] - The integration enhances Sei's DeFi stack and establishes it as a base-layer for real-world asset (RWA) enabled finance [2]