Solana News: Foundation Unveils 2027 ICM Infra Roadmap, Bonk Pummels Pump.fun
Market Overview
Bitcoin barely moved as it closed the week at $118.3K, logging a marginal 1% week-on-week gain.
While its dominance held steady at 60%, altcoins took a hit as traders braced for the Federal Reserve's FOMC meeting scheduled for July 29-30, where benchmark rate decisions are expected.
Solana slipped below the $200 mark despite rising institutional interest. This came as $311 million—an all-time high—poured into Solana-linked products, including exchange-traded products (ETPs) and funds.
As usual, low-cap altcoins within the Solana ecosystem stole the show, with Vine Coin skyrocketing over 200% following Elon Musk's X post.
Still, the ecosystem as a whole was not immune. Its ecosystem market cap fell 5% to $249 billion, and trading volume dropped 34% to $24 billion.
Source: CoinMarketCap
Let's break down what drove this week's volatility.
Solana's Performance
Solana took a breather after an explosive month-long rally, sliding 8% from $200 to $184 in a week. Zooming out, SOL is still up 22% on the monthly chart.
Source: CoinMarketCap
The correction came after Solana unveiled a bold 2027 roadmap aimed at becoming the foundational infrastructure for internet capital markets, focusing on improving market microstructures alongside bandwidth and latency.
Will Solana fall further or charge above $200 following REX-Osprey's Solana staking ETF partnering with JitoSOL to pass 100% of staking rewards to shareholders, marking a first for U.S. crypto ETFs?
L1 Ranking Update
Solana's total value locked slipped below $10 billion, hitting $9.93 billion. This marks a 7% drop from last week. It maintains its second position while BNB closely follows in third.
Source: DeFiLlama
DeFi
Solana's DEX volume fell 4% week-on-week, taking its 30-day cumulative volume to $81.4 billion.
Source: DeFiLlama
Pump.fun is on the receiving end of launchpad wars after its weekly volume and revenue plummeted to its lowest levels in 15 months.
As Pump.fun loses market share, the degens are crowning LetsBonk as the new king of the trenches—for now!
Biggest Winners & Losers
Low-cap altcoins carried Solana's ecosystem with outsized gains.
Top Performers
Vine Coin (VINE): +242%
Graphite Protocol (GP): +94.25%
TROLL (TROLL): +84.65%
Crowned by Third Time Games (CROWN): +80.59%
Daddy Tate (DADDY): +69.83%
MeasurableToken Data (MDT): +67.54%
Biggest Losers
Aspecta (ASP): -64.75%
Pump.fun (PUMP): -34.78% (the downtrend continues)
DOWGE (DJ16930): -31.39%
KoKoK The Roach (KOKOK): -28.59%
Fartcoin (FARTCOIN): -26.37%
Source: CoinMarketCap
Latest Solana News
ARK Invest Taps SOL Strategies for $647M in Solana Staking
ARK Invest has shifted 3.6 million SOL to SOL Strategies and BitGo, citing stronger institutional infrastructure to support its long-term digital asset strategy.
Solana Proposes 66% Block Capacity Boost to Meet Growing Demand
Solana developers have proposed raising the network's compute limit from 60M to 100M units per block, aiming to increase throughput for DeFi, NFTs, and other high-demand use cases as network activity continues to climb.
MoonPay Enters Solana Staking Market With 8.49% Yield Offering
MoonPay has launched liquid staking for Solana, allowing users to earn 8.49% APY with no lockup, as investor demand for on-chain yield accelerates amid growing ETF inflows and institutional activity.
Solana Breakpoint Abu Dhabi Is Getting Closer!
What You Can Do Now
Watch your positions—market volatility is picking up ahead of the FOMC meeting.
Follow the network's developments as developers propose a two-thirds block capacity increase.
Stay alert as the Fed's benchmark rates may shift market momentum.
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