Solana Daily Recap: DEX Volume Leads All Chains for a Fifth Straight Quarter, RWA Holders Top 70K

Solana's last 24 hours spanned trading, real-world assets, agentic finance, consumer payments, and ecosystem launches — a snapshot of growth compounding across very different parts of the stack at once.

DeFi & Trading

Solana led all chains in spot DEX volume for a fifth consecutive quarter, with Q3 volume rising 16.6% to $197B from $169B in Q2.

Raydium reported more than 45% of circulating $RAY has been bought back or staked.

Capital Markets reported Kamino's Auto Market surpassed $20M in fixed-rate loans just 10 days after launch.

Backpack added Solana v1 transaction support, enabling more complex routes and improved execution across tokenized stock markets and DeFi apps.

Solomon Labs launched $USDv on Solana, a stablecoin designed to earn continuously.

RWA & Tokenized Assets

Solana tokenized commodity holders surpassed 70,000.

Sunrise's assets averaged nearly $1B in weekly spot volume in September — more than 40x the weekly volume recorded at the start of the year.

Backpack introduced AI Search, letting users find stocks, crypto, perps, and Earn opportunities by describing an asset, strategy, or market condition.

AI & Agentic Finance

Solana Foundation released an agentic finance report with Amina Bank, TensorX, and others, highlighting Solana's fast settlement, sub-cent fees, and x402 infrastructure for AI agents handling institutional capital.

Xona Agent: Xona Resources ranked second by transactions on x402scan over the previous 24 hours, recording 1,040 transactions across featured services settled on Solana.

Payments & Consumer

SP3ND users spent $150K across online shops in September, with 300 orders averaging $500 using stablecoins directly from wallets.

Pump.fun reported more than $14M awarded to callers through its app, where users share token calls and can earn rewards.

Empire of Bits launched Empire of Bits: Battleship on the Solana Mobile dApp Store.

Ecosystem

Ember Curve recorded $3M+ in volume across its new modules over five days, including a Gacha module using Collector Crypt.

Inu Index launched $INUINDEX on Solana, with protocol revenue used to buy the top five qualifying Inu coins and distribute the basket to eligible holders.

What This Means

Four largely unrelated verticals — spot DEX volume, RWA adoption, agentic-finance infrastructure, and consumer payments — all posted real growth in the same 24-hour window, which is the more interesting signal than any single number here. A fifth straight quarter of DEX-volume leadership and 70K+ tokenized-commodity holders point to maturing trading and RWA markets, while the Solana Foundation's agentic finance report and Xona's x402scan ranking suggest the infrastructure for AI agents handling real capital is being built out in parallel rather than as an afterthought. Meanwhile SP3ND's stablecoin spend data and a wave of small consumer/gaming launches (Battleship on Solana Mobile, Ember Curve's Gacha module, Inu Index) show the ecosystem still has room for experimentation at the consumer edge even as the institutional side scales up.