Solana

Solana's active addresses dropped to approximately 3.3 million on November 13, hitting a 12-month low and declining 63% from January's peak of over 9 million. The decline reflects reduced memecoin trading activity that previously fueled network growth. DeFi total value locked remains around $10 billion, with Jupiter, Kamino, and Jito leading platform participation.

Solana is retesting a key demand zone between $145 and $155 that has held since November 4, following a nearly 10% decline from weekly highs of $171.90. The asset is trading around $155 as technical indicators suggest potential further decline toward $140. On-Balance Volume shows continued selling pressure while the Money Flow Index remains below 50, reinforcing bearish momentum.

Bolivia completed a pilot program using Solana blockchain technology to tokenize photographed paper ballot counts during its presidential election in October. The TuVotoSeguro initiative recorded vote tallies on a public ledger in NFT format, enabling independent verification of official counts. The system targeted vulnerabilities identified in Bolivia's contested 2019 election, when allegations emerged regarding alterations to vote tallies during transport from polling stations to central counting facilities.

Sui launched USDsui, a native stablecoin built on Bridge's Open Issuance platform, on November 12. The move aims to retain stablecoin revenues within Sui's ecosystem rather than directing them to external issuers. Bridge, acquired by Stripe for $1.1 billion in February 2025, provides the enterprise infrastructure powering USDsui.

Grayscale introduced options trading for its Solana ETF (GSOL) on November 11, 2025, expanding regulated institutional access to SOL. Options volume rose 52% to $2.71 million and open interest climbed 29% to $1.34 million, data show. Spot Solana ETFs recorded their eleventh consecutive day of inflows, adding $7.9 million.

Wallets connected to bankrupt Alameda Research and the FTX estate released approximately 193,000 SOL tokens valued at around $30 million on November 11, 2025, according to analyst MartyParty. The unlock continues a structured vesting schedule that has been distributing tokens to the estate since early 2024. Despite the release, Solana traded near $157.90 with an $87.5 billion market capitalization, showing relative stability.

Nasdaq-listed VCI Global has agreed to purchase $100 million worth of OOB tokens from crypto payment platform Oobit. The transaction comprises a $50 million restricted share issuance to the OOB Foundation and an additional $50 million in secondary market purchases. The deal will make Tether VCI Global's largest shareholder through its stake in Oobit, according to the company.

Bitcoin is consolidating near $103,000 following two major U.S. cryptocurrency developments. Bitwise launched the first U.S. Solana ETF on October 28, attracting $420 million in its debut week. SoFi Technologies became the first national bank to enable direct Bitcoin trading for 12.6 million users, marking a significant shift in mainstream crypto adoption.

The Depository Trust and Clearing Corporation has registered Bitwise's spot Chainlink exchange-traded fund in its pre-launch category under ticker symbol CLNK. The listing follows Bitwise's S-1 filing in August and Grayscale's subsequent proposal in September. Canary Capital filed its 8-A form for a spot XRP ETF on Monday, the final regulatory documentation before launch.

Ethereum holdings on Binance have dropped to levels last seen in May, indicating heightened accumulation activity, according to CryptoQuant data. Solana is trading near critical support at $163–$165, while Zcash declined 25% following recent gains. The broader cryptocurrency market lost 2% over 24 hours.