CEO @ledger_top Solana DeFi APIs are live — with MCP support for AI agents. https://xitter.cf/t.co/3zFoYNie3L
Bengaluru
Joined February 2017
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Nitin Shukla retweeted
1/ Stablecoins on Solana are now ~$15.4B in market cap.
USDC still leads: ~$7.9B (52%). USDT: ~$3.8B (25%). The rest of the pack is growing — USD1 ~$1.37B, PYUSD ~$739M, USDG ~$630M, USDe ~$503M — but the duopoly still owns ~77% of the float.
USDC has the widest holder base — ~8.6M wallets, averaging ~$930 each. USD1 is the opposite: only ~37K holders, but ~$37K per wallet.
Nitin Shukla retweeted
1/ Tokenized stocks on Solana by @xStocksFi and @sunrise @Backpack are now near ~$1.5B in marketcap and more than ~$10B in YTD DEX volume.
Marketcap-wise, almost all of it is still xStocks (~$1.44B, ~98%). Sunrise / Backpack Securities: ~$24M (~2%). Holders tell a wider story though — ~390K unique wallets, with ~347K on xStocks and ~73K already on Sunrise.
The biggest bags are still all xStocks — SPCXx(xStocks) leads at ~$86M, then TSLAx(xStocks) ~$84M, MSTRx(xStocks) and CRCLx(xStocks) around ~$75M each, with SPYx(xStocks), NVDAx(xStocks), and HOODx(xStocks) close behind in the ~$70–73M range.
Large marketcap, but almost all of it is still one issuer.
Nitin Shukla retweeted
1/ @fomo is a social-first, multichain trading app — follow traders, catch the feed, buy memecoins and viral tokens in one tap.
On Solana itself, fomo has crossed more than $8 B in lifetime DEX volume.
It took more than 1 year to get there — and half of that came in the last 11 weeks.
July did ~$650M. August jumped to ~$1.9B — the biggest month on record. September is already at ~$1.5B with two weeks still left.
Nitin Shukla retweeted
1/ In the last 2 days, SpaceX jumped ~9% — from ~$134 to a high of ~$146.
It's been 2 months since launch (Jun 12). On Solana, the tokenized equities — SPCX and SPCXx — are moving with it.
From that Jun 12 start of ~$168, price is still down ~13%.
Still trading. Still worth a closer look.
Here's where the on-chain market stands now 👇
Nitin Shukla retweeted
1/ Solana processes ~6.6 trillion compute units a day on average in 2026 (non-vote txns), with the monthly pace shifting across the year.
Daily CU spend rose from 6.68T in January to a 7.85T/day peak in February, then declined each month since, reaching 5.87T/day in July.
Failed transactions account for a growing share of that spend: 23.5% of daily CU came from failed txns in January, rising past 31% in Feb–Mar, and holding in the 27–30% range since.
Nitin Shukla retweeted
1/ Wrapped BTC on Solana: ~6,400 BTC (~$410M) across ~137.8K unique wallets.
That's down from ~7,838 BTC back in April — supply has shrunk ~16% in three months. But wallet count is up from ~131K, so more people are holding smaller bags. Avg holding: ~0.05 BTC (~$3K).
Since Jan 2026, that supply has produced ~$12.0B in DEX volume and ~$26.0B in transfers. Let's break it down.
Nitin Shukla retweeted
@solanamobile is redefining the mobile crypto experience.
Now imagine dApps that don't just show a wallet balance — but the full picture: where users are lending, farming, and what LP positions they're holding.
Top Ledger APIs bring that full DeFi intelligence layer to your dApp — holdings, lending, staking, LPs, yield, perps & DEX PnL, across 20+ protocols, in one API call.
Nitin Shukla retweeted
1/ Yield bearing tokens sit at ~$284M market cap on Solana — just ~1.7% of total RWA market cap (stablecoins still take ~89%). ~38.4K holders.
USDY leads on market cap (~$181M, 64%). syrupUSDC follows at ~$96M (34%). sUSDe, sUSD, and legacyUSD* split the remaining ~2%.
Holder count flips the script: sUSD has the most holders (~17.2K) with the smallest average balance (~$49). syrupUSDC and USDY have far fewer holders (~3.7K, ~7.4K) but whale-sized balances (~$25-26K each).
Nitin Shukla retweeted
1/ Stablecoins sit at ~$15.5B market cap on Solana — ~89% of all RWAs. ~9.4M holders.
USDC leads on market cap (~$8.2B, 53%) and holders (~7.1M). USDT: ~$3.8B (25%) and ~2.6M holders.
Some of the other top mints: USD1 ~$1.0B (37K holders), PYUSD ~$682M (55K holders), USDG ~$624M (16K holders) growing, but nowhere near the duopoly yet.
Nitin Shukla retweeted
1/Last month, @sunrise and @Backpack together launched their first tokenized stock — SpaceX. Now they're leading in DEX volume compared to @xStocksFi .
In July, Sunrise averaged ~73% of daily DEX volume (~$27M/day vs ~$10M/day for xStocks). July totals: ~$598M vs ~$224M. Sunrise has led every day in July.
Fewer tokens. More trading.
Nitin Shukla retweeted
Lfg, one of the strongest Solana data teams 💪
Top Ledger is officially listed on @solana's data provider directory.
solana.com/data → find us there.
Institutions, protocols, and ecosystem teams — if you need Solana on-chain data, realtime feeds, or analytics infrastructure, we're ready.
We're now listed on Solana's official data provider directory.
If you're building on Solana and need reliable on-chain data, realtime feeds, or analytics infra — we're here.
Top Ledger is officially listed on @solana's data provider directory.
solana.com/data → find us there.
Institutions, protocols, and ecosystem teams — if you need Solana on-chain data, realtime feeds, or analytics infrastructure, we're ready.
Nitin Shukla retweeted
Top Ledger is officially listed on @solana's data provider directory.
solana.com/data → find us there.
Institutions, protocols, and ecosystem teams — if you need Solana on-chain data, realtime feeds, or analytics infrastructure, we're ready.
Nitin Shukla retweeted
1/ One month ago, @sunrise and @Backpack together launched tokenized SpaceX on @solana .
It didn't stop there.
What started as a single ticker — SPCX — is now a 6-asset suite via Sunrise × Backpack:
SpaceX, Micron, Robostrategy, Sandisk, Roundhill Memory ETF, and SK Hynix.
In just one month, the market has put up ~$1.48B in volume, Combined market cap sits at ~$19M.
That's the headline. The breakdown is where it gets interesting 👇
Nitin Shukla retweeted
The Metaplex DAO is growing as a hub for decentralized governance, protocol development, and ecosystem expansion.
Stay tuned for monthly updates on protocol activity and ecosystem news.
Track real-time metrics via @ledger_top: analytics.topledger.xyz/meta…
Nitin Shukla retweeted
@solanamobile dApps are redefining the mobile crypto experience.
But most dapps only show what's in their users wallet — not where they're lending, farming, or what LP positions they're sitting on.
Top Ledger APIs bring the full DeFi intelligence layer to your dApp — holdings, lending, staking, LPs, yield, perps & DEX PnL across 20+ protocols in one API call.
Nitin Shukla retweeted
I can’t emphasize how important solana.com/data was for @solana
I dive deeper with with hosts to explain why it had to happen.
🚨NEW EP: Why Solana Data Doesn't Agree (And Why That Matters)🚨
Today we're joined by @waldruupi from the @SolanaFndn to discuss Solana Data, an initiative tackling one of crypto's biggest hidden problems: why different data providers report completely different numbers.
We discuss:
- What is Solana Data?
- Why crypto data providers disagree
- Institutional adoption & data quality
- Benchmarking Dune, Artemis, Allium & others
- DEX volume methodology differences
- Stablecoin supply challenges
- Wash trading & filtering assumptions
- Open source data benchmarking
- Building standards for crypto analytics
- The future of onchain data auditing
- Why transparency matters for institutions
- And much more—enjoy!
—
Timestamps:
(00:00) Introduction
(00:55) What is Solana Data?
(02:20) Why institutions need data
(04:23) Launching Solana Data
(06:24) Data provider disagreements
(11:15) Biggest data headaches
(12:08) Stablecoin supply issues
(14:14) DEX volume comparison
(22:19) Why metrics differ
(27:19) Cross-chain data standards
(32:50) Open source methodology
(36:00) Community contributions
(38:02) Most trusted metrics
(41:50) Final thoughts
(43:25) Outro
