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Dwain the Hormell

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#SOL Solana - 12.12.2025 2. Tag Solana Breakpoint Conference Something is happening, something is going on. Solana is growing in many areas and shows broad growth. Here are the current NEWS from today. Blockworks and the Solana Foundation are launching a joint platform for institutional investors called “Lightspeed IR”. This will bundle on-chain data, institutional research reports, governance updates, KPI datasets, token events, etc. and provide a central information infrastructure for professional investors and token issuers in the Solana ecosystem. Conclusion: can attract capital and projects, but only if the tool is used. Solana Mobile launched Builder Grants for mobile crypto apps. Goal: more mobile-first Web3 applications in the Solana ecosystem. Conclusion: More good mobile apps, more wallet usage, more on-chain activity, more ecosystem growth. R3 is working with Solana on Real-World Assets (RWA). An institutional tokenization and DeFi integration is planned with a view to 2026. Conclusion: If the R3 network really brings volume, it can strengthen Solana institutionally (tokenization, settlement, new DeFi products). Carrot introduced Turbo Tokens – a new DeFi product for structured, leveraged positions with limited risk. Conclusion: More DeFi products, potentially more fees/volume in the ecosystem, but only if users also adopt it. Notes, opinions, and news that I forgot can be written as a comment.
#SOL
Solana - 12.12.2025
2. Tag Solana Breakpoint Conference
Something is happening, something is going on. Solana is growing in many areas and shows broad growth.

Here are the current NEWS from today.

Blockworks
and the Solana Foundation are launching a joint platform for institutional investors called “Lightspeed IR”.
This will bundle on-chain data, institutional research reports, governance updates, KPI datasets, token events, etc. and
provide a central information infrastructure for professional investors and token issuers in the Solana ecosystem.
Conclusion: can attract capital and projects, but only if the tool is used.

Solana Mobile
launched Builder Grants for mobile crypto apps. Goal: more mobile-first Web3 applications in the Solana ecosystem.
Conclusion: More good mobile apps, more wallet usage, more on-chain activity, more ecosystem growth.

R3
is working with Solana on Real-World Assets (RWA). An institutional tokenization and DeFi integration is planned with a view to 2026.
Conclusion: If the R3 network really brings volume, it can strengthen Solana institutionally (tokenization, settlement, new DeFi products).

Carrot
introduced Turbo Tokens – a new DeFi product for structured, leveraged positions with limited risk.
Conclusion: More DeFi products, potentially more fees/volume in the ecosystem, but only if users also adopt it.

Notes, opinions, and news that I forgot can be written as a comment.
Dwain the Hormell
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#SOL
Solana - 11.12.2025 START of the Breakpoint Conference in Abu Dhabi.
Here the news.
Over 6,000 participants at the most important event in the Solana ecosystem of the year focusing on new infrastructure and ecosystem developments.

Most important NEWS:

Coinbase deepens its integration with Solana and introduces new on-chain trading features that allow users to trade Solana-based tokens directly through a decentralized exchange (DEX) within the app.

Oxbridge Re Holdings (NASDAQ: OXBR) and Alphaledger are collaborating to offer tokenized reinsurance products on the Solana blockchain. The offering targets accredited/institutional investors with target returns of ~20%–42%.

J.P. Morgan issues a $50 million US Commercial Paper on the Solana blockchain for institutional use.
Involved buyers: Coinbase Global and Franklin Templeton. Use of USDC for issuance/redemption emphasizes institutional adoption of blockchain financial instruments.

Conclusion: Good news for Solana but not game-changing news. More to come tomorrow!
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NFTs Why NFTs have crashed and what remains The NFT market has massively collapsed in recent years – but the technology is not dead. Here are the main reasons why the hype has burst, and what remains Why NFTs have crashed Speculation bubble burst In 2021/22, many NFTs were purchased only to sell them at a higher price. Too much hype, too little real utility → market collapses. Too many bad projects Anyone could start a collection. 99% had no roadmap, no product, no community. Trust was lost. Bear market & high interest rates When capital becomes scarcer, it hits the riskiest assets first – and those were NFTs. Scams & Rug Pulls Fake collections, disappeared teams, empty promises. Many new buyers were disappointed once and never returned. BUT NFTs are not gone – they are changing The hype around profile pictures (PFPs) is ending – but the technology remains extremely strong. Tickets & Access Events, clubs, concerts, memberships. An NFT = your digital access. Gaming Weapons, skins, items, characters – truly owned by the players. Brands & Loyalty Starbucks, Nike, Adidas, Solana Mobile → membership passes & airdrop rights. Tokenized In-Game Economies Solana is showing how quickly and cheaply NFT gaming can work. Airdrops & Ecosystem Passes Seeker / Saga / Ecosystem NFTs → access to rewards, drops, new projects. Conclusion The NFT bubble has burst. The technology is now maturing. The future lies in real use cases.
NFTs
Why NFTs have crashed and what remains

The NFT market has massively collapsed in recent years – but the technology is not dead. Here are the main reasons why the hype has burst, and what remains

Why NFTs have crashed

Speculation bubble burst
In 2021/22, many NFTs were purchased only to sell them at a higher price. Too much hype, too little real utility → market collapses.

Too many bad projects
Anyone could start a collection. 99% had no roadmap, no product, no community.
Trust was lost.

Bear market & high interest rates
When capital becomes scarcer, it hits the riskiest assets first – and those were NFTs.

Scams & Rug Pulls
Fake collections, disappeared teams, empty promises. Many new buyers were disappointed once and never returned.

BUT

NFTs are not gone – they are changing
The hype around profile pictures (PFPs) is ending – but the technology remains extremely strong.

Tickets & Access
Events, clubs, concerts, memberships.
An NFT = your digital access.

Gaming
Weapons, skins, items, characters – truly owned by the players.

Brands & Loyalty
Starbucks, Nike, Adidas, Solana Mobile → membership passes & airdrop rights.

Tokenized In-Game Economies
Solana is showing how quickly and cheaply NFT gaming can work.

Airdrops & Ecosystem Passes
Seeker / Saga / Ecosystem NFTs → access to rewards, drops, new projects.

Conclusion
The NFT bubble has burst.
The technology is now maturing.
The future lies in real use cases.
#INJ The Injective price has been performing really well over the past few days. Congrats! How do you guys see the next few weeks shaping up? Any news?
#INJ
The Injective price has been performing really well over the past few days. Congrats! How do you guys see the next few weeks shaping up? Any news?
Dwain the Hormell
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#INJ
Injective! The INJ price has been performing well over the past weeks. There are 6 exciting developments in the Injective ecosystem:

1. Native USDC + CCTP on Injective!
USDC is now directly available on Injective. This is crucial for DeFi, trading, and liquidity, as it reduces reliance on wrapped/bridge solutions.

2. Injective-USDC for Cosmos and dYdX!
Injective-USDC is set to play a more significant role in the Cosmos ecosystem and dYdX. If this catches on, Injective could become a stronger infrastructure for stablecoin and derivatives trading.

3. Binance.US Listing!
INJ has been listed on Binance.US. This improves access for US users and can bring liquidity. However, it's more of a market and access factor than a direct testament to the blockchain's usage.

4. Nansen as Validator and Analytics Partner!
Nansen is now supporting Injective with validator infrastructure and on-chain analytics. This boosts visibility and transparency in the network.

5. Buyback & Burn / Supply Squeeze!
Injective continues to work on deflationary tokenomics. Buybacks and burns can reduce supply in the long run. The key will be whether real demand arises at the same time.

6. Regulated INJ Futures in the USA!
US-regulated INJ futures could enhance institutional perception.

Conclusion:
Currently, there are several understandable catalysts for INJ. The most important are USDC/CCTP, Cosmos/dYdX integration, and the tokenomics. The price is performing well; the critical factor is whether the fundamentals will follow.
#SOL When the SOL price dips, I check out the projects building on Solana. Long-term, it's looking bullish.
#SOL
When the SOL price dips, I check out the projects building on Solana. Long-term, it's looking bullish.
#INJ Injective! The INJ price has been performing well over the past weeks. There are 6 exciting developments in the Injective ecosystem: 1. Native USDC + CCTP on Injective! USDC is now directly available on Injective. This is crucial for DeFi, trading, and liquidity, as it reduces reliance on wrapped/bridge solutions. 2. Injective-USDC for Cosmos and dYdX! Injective-USDC is set to play a more significant role in the Cosmos ecosystem and dYdX. If this catches on, Injective could become a stronger infrastructure for stablecoin and derivatives trading. 3. Binance.US Listing! INJ has been listed on Binance.US. This improves access for US users and can bring liquidity. However, it's more of a market and access factor than a direct testament to the blockchain's usage. 4. Nansen as Validator and Analytics Partner! Nansen is now supporting Injective with validator infrastructure and on-chain analytics. This boosts visibility and transparency in the network. 5. Buyback & Burn / Supply Squeeze! Injective continues to work on deflationary tokenomics. Buybacks and burns can reduce supply in the long run. The key will be whether real demand arises at the same time. 6. Regulated INJ Futures in the USA! US-regulated INJ futures could enhance institutional perception. Conclusion: Currently, there are several understandable catalysts for INJ. The most important are USDC/CCTP, Cosmos/dYdX integration, and the tokenomics. The price is performing well; the critical factor is whether the fundamentals will follow.
#INJ
Injective! The INJ price has been performing well over the past weeks. There are 6 exciting developments in the Injective ecosystem:

1. Native USDC + CCTP on Injective!
USDC is now directly available on Injective. This is crucial for DeFi, trading, and liquidity, as it reduces reliance on wrapped/bridge solutions.

2. Injective-USDC for Cosmos and dYdX!
Injective-USDC is set to play a more significant role in the Cosmos ecosystem and dYdX. If this catches on, Injective could become a stronger infrastructure for stablecoin and derivatives trading.

3. Binance.US Listing!
INJ has been listed on Binance.US. This improves access for US users and can bring liquidity. However, it's more of a market and access factor than a direct testament to the blockchain's usage.

4. Nansen as Validator and Analytics Partner!
Nansen is now supporting Injective with validator infrastructure and on-chain analytics. This boosts visibility and transparency in the network.

5. Buyback & Burn / Supply Squeeze!
Injective continues to work on deflationary tokenomics. Buybacks and burns can reduce supply in the long run. The key will be whether real demand arises at the same time.

6. Regulated INJ Futures in the USA!
US-regulated INJ futures could enhance institutional perception.

Conclusion:
Currently, there are several understandable catalysts for INJ. The most important are USDC/CCTP, Cosmos/dYdX integration, and the tokenomics. The price is performing well; the critical factor is whether the fundamentals will follow.
Dwain the Hormell
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#INJ

Injective Update

Several bullish factors are coming together today:

Pineapple Financial now holds over 7 million INJ (~7% of the supply) according to its own treasury dashboard. The company plans further strategic purchases.

Injective confirmed a network upgrade (IIP-619) to enhance mainnet functionality. There was a breakout above a short-term resistance zone, accompanied by significantly higher volume.

Now it is important to keep the volume high and maintain the breakout level.
XRP's burn rate keeps dropping. How is the XRP price holding up so high with these numbers?
XRP's burn rate keeps dropping. How is the XRP price holding up so high with these numbers?
Dwain the Hormell
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#XRP
Why the price of XRP is not rising!

Ripple sells more than 300 million XRP every month, which permanently increases the supply and continuously drives the XRP price down. This is how Ripple finances its expansion. Mainly, however, to develop payment corridors with RLUSD as a stablecoin.
RLUSD makes XRP unnecessary in the long run!

Ripple solves its core problem without XRP.
Ripple's actual goal is a functioning, regulated payment infrastructure for banks, businesses, and states. With RLUSD, Ripple gets a stable unit (no exchange rate risk), simple accounting, regulatory compatibility, and direct integration into treasury and payment systems. This completely solves the payment problem – without XRP.

XRP had a clear role as a bridge between two volatile or illiquid currencies. Today, stablecoins are accepted, and liquidity is available on-chain.

The market has moved towards stablecoins, not towards bridge coins.
Ripple itself relies on RLUSD. Ripple is visibly investing in RLUSD, stablecoin payments, and regulated USD corridors.

Not visibly, Ripple is investing in rising XRP demand, supply scarcity, and holding incentives for XRP.

This is the critical point: XRPL can be utilized more, RLUSD transactions can explode, and the number of partners can grow.
But there is no structural buying pressure on XRP.

The daily burn is currently below 5000 XRP / day at a maximum supply of 10 billion.

My conclusion: With low usage and continuous token releases, no pressure can be built on the XRP price!
XRP XRP burn has dropped further. Just hype, nothing else is happening. Years of declining burn = decreasing usage in a growing market. TIME TO SHORT!
XRP
XRP burn has dropped further. Just hype, nothing else is happening. Years of declining burn = decreasing usage in a growing market. TIME TO SHORT!
Dwain the Hormell
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#XRP
I sold XRP in November.
Revenues simply did not increase and the burn was below 5000 XRP / day. The good news from Ripple and RLUSD brings nothing to the XRP Ledger. RLUSD is more of a competitor for XRP. Now the burn is heading towards near 0, and nothing has happened for years.

From my perspective, Ripple is exploiting the XRP hype, selling XRP, and investing the money in the RLUSD sector.
#Solana Alpenglow has successfully been activated on the community testnet. The initial results were quite impressive (image) At the Consensus Miami 2026, the Solana co-founder stated that he is looking forward to seeing the 'Alpenglow' upgrade go live later this year.
#Solana
Alpenglow has successfully been activated on the community testnet. The initial results were quite impressive (image)

At the Consensus Miami 2026, the Solana co-founder stated that he is looking forward to seeing the 'Alpenglow' upgrade go live later this year.
#SOL Stable by Western Union is launching over the Solana network and is set to roll out in over 40 countries. Regular users can spend stablecoins or use them for payments, not just for internal settlements between Western Union and its partners. Western Union officially describes "Stable by Western Union" as a consumer-focused spending feature that aims to go live in over 40 countries by 2026.
#SOL

Stable by Western Union is launching over the Solana network and is set to roll out in over 40 countries.
Regular users can spend stablecoins or use them for payments, not just for internal settlements between Western Union and its partners.
Western Union officially describes "Stable by Western Union" as a consumer-focused spending feature that aims to go live in over 40 countries by 2026.
Dwain the Hormell
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#SOL
Western Union & Solana. USDPT launch is just around the corner.
Western Union is finalizing the USD Payment Token (USDPT), a Solana-based stablecoin from Anchorage Digital.

Current update:
CEO McGranahan (Earnings Call April 24): USDPT goes live in May, initially for institutional SWIFT settlements! No separate testing anymore, we're in the final phase and integrating into the Digital Asset Network.

Focus is on rollout in select countries, then a Stable Card for countries with high inflation.

The USDPT stablecoin on Solana aims to process payments faster and cheaper than SWIFT, avoiding SWIFT's delays. CEO McGranahan explicitly referred to it as a SWIFT alternative focused on real-time transfers.

After years of testing with XRP (results were disappointing), Western Union is now opting for Solana for USDPT. Higher scalability, lower fees, and real-time settlements as direct competition to SWIFT.
#SOL Western Union & Solana. USDPT launch is just around the corner. Western Union is finalizing the USD Payment Token (USDPT), a Solana-based stablecoin from Anchorage Digital. Current update: CEO McGranahan (Earnings Call April 24): USDPT goes live in May, initially for institutional SWIFT settlements! No separate testing anymore, we're in the final phase and integrating into the Digital Asset Network. Focus is on rollout in select countries, then a Stable Card for countries with high inflation. The USDPT stablecoin on Solana aims to process payments faster and cheaper than SWIFT, avoiding SWIFT's delays. CEO McGranahan explicitly referred to it as a SWIFT alternative focused on real-time transfers. After years of testing with XRP (results were disappointing), Western Union is now opting for Solana for USDPT. Higher scalability, lower fees, and real-time settlements as direct competition to SWIFT.
#SOL
Western Union & Solana. USDPT launch is just around the corner.
Western Union is finalizing the USD Payment Token (USDPT), a Solana-based stablecoin from Anchorage Digital.

Current update:
CEO McGranahan (Earnings Call April 24): USDPT goes live in May, initially for institutional SWIFT settlements! No separate testing anymore, we're in the final phase and integrating into the Digital Asset Network.

Focus is on rollout in select countries, then a Stable Card for countries with high inflation.

The USDPT stablecoin on Solana aims to process payments faster and cheaper than SWIFT, avoiding SWIFT's delays. CEO McGranahan explicitly referred to it as a SWIFT alternative focused on real-time transfers.

After years of testing with XRP (results were disappointing), Western Union is now opting for Solana for USDPT. Higher scalability, lower fees, and real-time settlements as direct competition to SWIFT.
#SOL Shinhan Card, one of the biggest card providers in South Korea with 28 million cardholders, is teaming up with the Solana Foundation to work on stablecoin payments on Solana. Right now, it's all about a pilot / proof of concept. If this test leads to an actual rollout, it would be another major win for Solana Payments.
#SOL

Shinhan Card, one of the biggest card providers in South Korea with 28 million cardholders, is teaming up with the Solana Foundation to work on stablecoin payments on Solana.

Right now, it's all about a pilot / proof of concept. If this test leads to an actual rollout, it would be another major win for Solana Payments.
#SOL MoonPay now enables USDC payments via Mastercard MoonPay introduces the MoonAgents Card, a virtual Mastercard through which users and AI agents can directly spend stablecoins from on-chain balances. It's primarily focused on USDC on Solana, enhancing real-world payment utility. USDC on Solana is becoming practically usable, and AI agents will soon be able to execute payments on their own. Solana is being positioned more strongly as a payment network for real stablecoin transactions in everyday life.
#SOL
MoonPay now enables USDC payments via Mastercard

MoonPay introduces the MoonAgents Card, a virtual Mastercard through which users and AI agents can directly spend stablecoins from on-chain balances.

It's primarily focused on USDC on Solana, enhancing real-world payment utility.
USDC on Solana is becoming practically usable, and AI agents will soon be able to execute payments on their own.

Solana is being positioned more strongly as a payment network for real stablecoin transactions in everyday life.
#SKR #SOL Order the Seeker on eBay and pay directly in crypto (SOL, SKR, USDC…). This is now possible through SP3ND. It should apply to all items. A solid signal for the Solana Mobile ecosystem.
#SKR #SOL
Order the Seeker on eBay and pay directly in crypto (SOL, SKR, USDC…). This is now possible through SP3ND. It should apply to all items. A solid signal for the Solana Mobile ecosystem.
#SOL Mastercard acquires BVNK for approximately $1.8 billion and thereby significantly expands its stablecoin infrastructure. Solana is part of Mastercard's new Crypto Partner Program. The program aims to develop products and services that connect the speed and programmability of digital assets with existing card and commerce rails. BVNK connects traditional fiat payment rails with stablecoins and blockchain networks in more than 130 countries. Mastercard aims to link on-chain payments, stablecoins, and tokenized assets directly with the existing global payment network and create more interoperability between fiat and stablecoins. Solana itself highlighted the Mastercard connection in March. Mastercard relies on real payment infrastructure. Stablecoins and tokenized values will become more integrated into everyday life. A significant step towards real on-chain payments.
#SOL

Mastercard acquires BVNK for approximately $1.8 billion and thereby significantly expands its stablecoin infrastructure.

Solana is part of Mastercard's new Crypto Partner Program. The program aims to develop products and services that connect the speed and programmability of digital assets with existing card and commerce rails.

BVNK connects traditional fiat payment rails with stablecoins and blockchain networks in more than 130 countries.

Mastercard aims to link on-chain payments, stablecoins, and tokenized assets directly with the existing global payment network and create more interoperability between fiat and stablecoins.

Solana itself highlighted the Mastercard connection in March. Mastercard relies on real payment infrastructure. Stablecoins and tokenized values will become more integrated into everyday life. A significant step towards real on-chain payments.
#SKR #SOL Seeker is growing strongly! The number of Seeker developers increased by 116% compared to the previous quarter, reaching a new all-time high of 443. A strong signal for the Solana Mobile ecosystem.
#SKR #SOL
Seeker is growing strongly!

The number of Seeker developers increased by 116% compared to the previous quarter, reaching a new all-time high of 443.

A strong signal for the Solana Mobile ecosystem.
#SOL Solana is now used by SBI Holdings and B2C2 as the primary network for stablecoin settlement. B2C2 is a major crypto liquidity provider and collaborates with banks and exchanges. B2C2 belongs to SBI Holdings, a large Japanese financial conglomerate. Banks, funds, exchanges are now moving stablecoins over Solana Payments, FX, cross-border are also real use cases. Solana is evolving into the infrastructure for financial transactions. Stablecoins are increasingly becoming the settlement layer for banks.
#SOL
Solana is now used by SBI Holdings and B2C2 as the primary network for stablecoin settlement.

B2C2 is a major crypto liquidity provider and collaborates with banks and exchanges. B2C2 belongs to SBI Holdings, a large Japanese financial conglomerate.

Banks, funds, exchanges are now moving stablecoins over Solana
Payments, FX, cross-border are also real use cases. Solana is evolving into the infrastructure for financial transactions. Stablecoins are increasingly becoming the settlement layer for banks.
#SOL Solana reaches a new high of $1.8 billion in the RWA sector The RWA ecosystem of Solana has reached a new milestone! RWA is one of the biggest trends in the crypto market and Solana is currently building a strong position here. Real assets such as bonds, real estate, and funds are coming to the blockchain. Institutional usage is increasing and Solana is evolving into a true financial infrastructure. Do you believe that RWA will be bigger than DeFi?
#SOL
Solana reaches a new high of $1.8 billion in the RWA sector

The RWA ecosystem of Solana has reached a new milestone!

RWA is one of the biggest trends in the crypto market and Solana is currently building a strong position here.

Real assets such as bonds, real estate, and funds are coming to the blockchain. Institutional usage is increasing and Solana is evolving into a true financial infrastructure.

Do you believe that RWA will be bigger than DeFi?
#SOL A SEC-registered transfer agent brings tokenized shares to Solana together with Alphaledger. The first issuer is the NASDAQ-listed company Silo Pharma. This involves real, regulated share structures. Managed by an official transfer agent. This means the connection between stock exchange and blockchain, legally valid ownership, and new infrastructure for the capital market. It's not a mass market yet, but a clear step towards real financial infrastructure on Solana💪
#SOL

A SEC-registered transfer agent brings tokenized shares to Solana together with Alphaledger.
The first issuer is the NASDAQ-listed company Silo Pharma.

This involves real, regulated share structures. Managed by an official transfer agent.

This means the connection between stock exchange and blockchain, legally valid ownership, and new infrastructure for the capital market.
It's not a mass market yet, but a clear step towards real financial infrastructure on Solana💪
#SOL Solana dominates stablecoin transfer volume. Fast transactions and low fees lead to high activity on the chain. This especially shows strong capital movements. This indicates where a lot of capital is currently being moved. Particularly for trading and payments. A clear signal for strong usage of the chain.
#SOL
Solana dominates stablecoin transfer volume.

Fast transactions and low fees lead to high activity on the chain. This especially shows strong capital movements.

This indicates where a lot of capital is currently being moved. Particularly for trading and payments.
A clear signal for strong usage of the chain.
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