Is Solana the new Wall Street blockchain?

Solana is becoming Wall Street's blockchain. The Ethereum Foundation is losing its people. And Vitalik says AI could actually make crypto more secure. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Sponsored by Monday, May 18, 2026 Solana is shedding its memecoin reputation as big banks move billions into its ecosystem Wall Street and payment giants are quietly taking over Solana. According to a new Messari Q1 report, Solana's real-world asset market cap rose 43% quarter-over-quarter to $2.01 billion, driven by BlackRock's BUIDL fund, Ondo Finance's 200+ tokenized stocks and ETFs, Franklin Templeton's tokenized ETF products, and a Citigroup proof-of-concept for tokenized trade finance. Stablecoin market cap on Solana hit $14.85 billion — third-highest of any blockchain — while adjusted stablecoin transfer volume rose 13% to $246.8 billion. Visa, Stripe, Worldpay, Western Union, and PayPal have all integrated Solana for stablecoin settlement or launched Solana-native payment products over the past year. Messari frames all of it as evidence that Solana is transitioning from speculative crypto hub to core infrastructure for tokenized finance — a case that will get stronger if the Alpenglow upgrade drops finality from 12.8 seconds to 150 milliseconds as expected. Read the full story → A message from Grayscale Grayscale Solana Staking ETF (ticker: GSOL) is now delivering enhanced value to investors, including 100% staking. Solana staking rewards have historically averaged 6-8% a year.1 Learn more here. Grayscale Solana Staking ETF (GSOL), an exchange traded product, is not registered under the Investment Company Act of 1940, as amended ("40 Act"), and therefore is not subject to the same regulations and protections as 40 Act registered ETFs and mutual funds. GSOL is subject to significant risk and heightened volatility. GSOL is not suitable for an investor who cannot afford to the loss of the entire investment. An investment in GSOL is not a direct investment in Solana. Learn more Please read the prospectus carefully before investing in the Fund. Foreside Fund Services, LLC is the Marketing Agent for the Trust. Potential staking rewards are earned by the Fund. The Fund's ability to engage in staking is conditional and may be modified. Staking requires that the Fund lock up SOL for the period of time required by the staking protocol, meaning the Fund cannot sell or transfer the staked SOL, thereby making it illiquid for the period it is being staked. 1 Stakingrewards.com. The range observed is from 09/16/22 to 09/28/25 and the average over this period is 7.10%. Past performance is not indicative of future results. CoinDesk Disclosure: The information contained in this newsletter, and any information linked through the items contained herein, is not intended to provide sufficient information to form the basis for an investment decision. You should seek additional information regarding the merits and risks of investing in any cryptocurrency or digital assets. L1.co Disclosure: This material is for informational purposes only, and the content contained herein should not be considered investment advice or a solicitation, offer, or recommendation to sell or buy any asset, strategy, or product. Investing in digital assets involves a high degree of risk, including the loss of principal. Tech The Ethereum Foundation is facing a wave of high-profile departures as its internal shakeup deepens Carl Beek and Julian Ma announced their exits from the Ethereum Foundation on Monday, extending a wave of departures that now includes Barnabé Monnot, Tim Beiko, Trent Van Epps, and Alex Stokes. The turnover comes as the foundation navigates an internal transition tied to a March 2026 organizational mandate — a 38-page document that redefines the EF as a neutral steward focused on public goods, explicitly stepping back from product development. Critics argue the mandate signals the foundation taking a backseat precisely when institutional interest in blockchain is accelerating. The community debate is sharpening: does Ethereum need stronger top-down coordination to compete with faster-moving rivals, or does decentralized governance remain the point? Read more → Tech Vitalik Buterin says AI 'formal verification' could actually make crypto much more secure In a new blog post, Vitalik Buterin argues that AI-assisted "formal verification" — using machine-checkable mathematical proofs to confirm software behaves as intended — could become one of the most important security tools for blockchain infrastructure. His framing is deliberately counterintuitive: yes, AI will make hacking easier and vulnerability discovery faster, but pairing AI-generated code with formal verification creates a higher security floor than human-written code alone. The approach uses AI to generate proofs that a piece of code is correct by construction, rather than relying on auditors to find bugs after the fact. Buterin positions it as especially relevant for cryptography, smart contract languages, and consensus implementations — areas where a single flaw can cost hundreds of millions. Read more → Know someone who should be reading this? Share this newsletter See all of CoinDesk’s newsletters    CoinDesk, Inc., 61 9th Avenue, 5th Floor, New York,NY,10011,USA, Unsubscribe Manage Preferences   Copyright © 2026 CoinDesk, All rights reserved.