Solana’s RWA market surpasses $700M all-time high as adoption accelerates

  • Tokenized real-world assets on Solana hit a record $707.79M.
  • RWA holders jumped 18% the past month, indicating amplified adoption.
  • Stablecoin activity on the SOL blockchain increased by 68% the last 30 days.

Amid the gloomy broader sentiments, the Solana community celebrated a key milestone.

According to RWA.xyz data, the total value of tokenized real-world assets (RWAs) on the Solana network increased by 5.8% the past month to $707.79 million, setting a fresh all-time high.

The surge reflects the current trend where traditional markets are merging with blockchain platforms.

Notably, RWA tokenization involves digitizing ownership of intangible or tangible real-world assets, including artwork, digital assets, and real estate, using blockchain technology.

Solana’s capability of handling massive transactions at cheaper costs has made it perfect for these innovations.

With its unique proof-of-stake and proof-of-history mechanisms, the crypto project can process over 65,000 TPS (transactions per second).

Syndica’s latest blog shows Solana has maintained 6x faster TPS than any other chain for eight consecutive months.

That’s the type of speed essential for handling large-scale real-world asset tokenization.

Increasing holders signal confidence

The data shows RWA holders on Solana surged to 92,526 after an 18.28% uptick in the last 30 days.

This confirms increased trust from institutional and individual investors who see Solana as the blockchain for streamlined tokenization.

Furthermore, the remarkable jump reflects the new trend of market players viewing tokenized investments as viable alternatives to traditional assets.

In total, Solana currently has 94 distinct tokenized RWAs, ranging from real estate and treasury bills to commodities.

Such diversification strengthens the SOL ecosystem. Moreover, they reduce risks as users have multiple channels for exposure.

As mainstream finance moves on-chain, Solana appears as a leading destination for tokenized products.

Its low fees, high interoperability, and speed might continue attracting serious capital in the coming months and years.

Stablecoins strengthen Solana’s on-chain economy

Besides the thriving RWA market, Solana’s stablecoin market cap soared 17.5% the previous month to $14.74 billion.

These stable tokens serve various purposes across the SOL platform, including trading, on-chain payments, and lending.

Moreover, stablecoin holders jumped 2.77% in 30 days to 11.78 million.

Most impressively, stablecoin transactions skyrocketed 68.44% in a month to $542.87 million.

Solstice Finance debuted its USX stablecoin on Solana on September 30.

SOL price outlook

Solana is trading at $189. It has lost nearly 15% of its value in the past month as broader market bearishness outweighed optimism surrounding the tokenization updates.

SOL gained more than 2% the past 24 hours, though the 13% slump in daily trading volume reflects bearish sentiment.

The token reflects the prevailing overall market downturn, but institutional interest positions it for impressive comebacks amid broad-based bull runs.

The incredible success in the tokenization industry signals Solana entering a new era of growth, fueled by real-world adoption.

 

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Bitcoin price prediction: BTC reclaims $109k as analysts predict dump

Key takeaways

  • BTC is trading above $109k after adding 1% to its value in the last 24 hours.
  • Standard Chartered analysts believe BTC’s price could dip below $100k before resuming its rally.

Bitcoin could slide below $100k, says Standard Chartered analysts

Bitcoin has been extremely volatile this month, dropping to the $102k level just days after hitting a new all-time high of $126k. The price has failed to recover since the October 10 liquidation event.

Standard Chartered’s head of digital asset research, Geoffrey Kendrick, told investors on Wednesday that Bitcoin could drop briefly below the $100,000 mark by the weekend. The analyst added that the dip is inevitable but expects it to be temporary. The dip should serve as a window for investors, but maintains that it remains uncertain how low Bitcoin could go. In his note, Kendrick wrote that, 

The question now is, how far does Bitcoin fall before finding a base?

He added that this may be the last time ever Bitcoin falls below the $100k level. According to Kendrick, the all-time high recorded on October 6 was in line with short-term price targets, but failed to rally higher due to growing macroeconomic concerns caused by renewed US-China trade tensions.

The analysts pointed out three factors that could boost Bitcoin’s price in the near term, including a massive selloff in Gold earlier this week. He hinted at a possible rotation of funds from precious metals to more risky assets such as cryptocurrencies. 

The second factor is the monetary policy, with signs that the Fed could reduce interest rates once again, suggesting another Bitcoin rally. Kendrick maintains that Bitcoin’s price could hit $200k despite the ongoing market conditions.

BTC eyes $114k as market conditions improve

The BTC/USD 4-hour chart remains bearish and efficient despite Bitcoin adding 1% to its value in the last 24 hours. At press time, BTC is trading around $109,650 but could rally higher in the near term.

BTC/USD 4H Chart

The RSI of 51 shows that the bulls are regaining control of the market, with the MACD lines also within the positive territory.

If the recovery continues, BTC could rally towards the weekly high of $113,964 over the next few hours. An extended bullish run would allow it to take out the ILQ level at $116k. However, if the bearish trend persists, Bitcoin could drop below the weekend low of $105k.

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Crypto update: Bitcoin and Ethereum are stable as market’s focus shifts to US inflation data

  • Crypto markets have entered a holding pattern, with Bitcoin near $108,164.
  • Traders are awaiting a key US inflation (CPI) report due out on Friday.
  • Hopes are rising for a de-escalation in the US-China trade war.

Cryptocurrency markets have entered a midweek holding pattern, with prices for Bitcoin and other major digital assets remaining relatively flat as traders brace for a pivotal US inflation report and look for signs of a de-escalation in the US-China trade dispute.

Bitcoin is trading around $108,164, up slightly from Monday but still down 2% for the week. Ether is changing hands near $3,815.

The stabilization reflects what the analytics firm QCP Capital has described as a narrow-range equilibrium,” a period of calm before a potential storm.

A singular focus on the US inflation report

The market’s primary focus is now firmly on Friday’s Consumer Price Index (CPI) report, the only major US economic data release not delayed by the ongoing government shutdown.

In a recent note, QCP said the CPI is the “singular anchor” for policy expectations and broader risk sentiment.

A softer-than-expected reading, the firm noted, could “re-anchor the soft-landing trade” and provide support for Bitcoin as expectations for looser monetary policy improve.

Hopes are rising for a US-China détente

Adding to the market’s complex picture are the shifting dynamics of the US-China trade war.

Sentiment has improved after a weekend of whiplash, in which President Trump first threatened a massive new wave of tariffs only to later soften his stance, stating that “the USA wants to help China, not hurt it.” 

This has led prediction markets to re-evaluate the risks. Traders on Polymarket now assign a 77% probability that a tariff agreement will be reached by November 10, while the odds of Trump’s threatened 100% tariffs taking effect have fallen to just 16 percent.

A cleaner slate after a brutal liquidation flush

This fragile calm comes just days after a brutal market-wide sell-off that saw nearly $20 billion in leveraged positions liquidated.

That massive flush has reset the market, creating a cleaner slate for macro traders as they head into the crucial CPI event.

The key question now is whether the “soft landing” narrative will be confirmed by Friday’s inflation data, or if the volatility that has defined the market in recent weeks will be reignited.

What to watch in the markets

For Bitcoin, analysts at Standard Chartered have noted that while sellers are limiting any immediate breakout potential, a dip below $100,000 could represent a “last chance to buy” before the next major leg higher.

For Ethereum, the picture is more divided.

A recent $650 million transfer by the Ethereum Foundation triggered a wave of profit-taking and liquidations, leaving analysts split between a potential breakout toward $5,000 and a possible slide toward $2,850 if the key support level at $3,470 fails to hold.

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Mantle (MNT) kicks off 5-month global hackathon with $150K in rewards

  • The event is open to everyone, from startup teams to solo creators.
  • The hackathon runs until February 7, 2026.
  • Winning participants will enjoy a $150,000 prize pool.

Blockchain network Mantle has officially opened its first-ever global hackathon, inviting creators and developers to build innovative blockchain solutions in a five-month online competition.

The event has started today, October 22, and will run until February 7 next year, and offers up to $150,000 in incentives to winning projects.

The hackathon is open to all enthusiasts globally, with renowned developer ecosystems HackQuest and OpenBuild offering tools, exposure to new projects, and mentorship.

The event offers builders an opportunity to create practical innovations, and not hype-driven trends.

Building to solve real-world problems

Mantle has highlighted what it expects from participants of its hackathon: relevant products that tackle real user issues.

Meanwhile, the evaluation procedure will prioritize five primary pillars, including scalability, product design, technical execution, Mante integration, and market potential.

The Mantle team emphasized that successful entries should focus on market utility and not flashy demos.

Indeed, this hackathon is a platform for serious builders and not short-term speculators. They said:

Build what lasts, not just what trends. Focus on execution, usability, and real-world relevance. Most importantly, solve what users need.

Meanwhile, participants have adequate time to design and shape their innovative projects.

Registration and building start this month, with the winner announcement scheduled for February.

Creators have the time to plan, test, and polish ideas before presenting their projects to the broader cryptocurrency community and judges.

For context, the hackathon boasts a diverse judging panel comprising renowned figures in the blockchain world.

The comprehensive list includes 0x Todd, Trustless State, Notaciccap, and multiple others with experience spanning venture capital, DeFi innovation, and product development.

The massive judging team adds credibility to the event.

Moreover, their experience signals high expectations as the panel boasts expertise in evaluating projects with real-world impact and creative innovations.

Mantle and Bybit prioritize real-world solutions

The five-month hackathon coincides with Mantle’s current alliance with centralized exchange Bybit, aimed at merging liquidity providers, real-world assets, and developers.

The duo seeks to democratize the trillion-dollar industry of on-chain finance.

The initiative reflects Mantle’s mission to expand beyond a blockchain network and create an international developer community to accelerate financial innovation.

MNT price outlook

Mantle’s native token mirrored broader sentiments today.

MNT lost nearly 10% of its value over the past 24 hours to $1.64.

The faded daily trading volumes indicate trader disinterest in the tokens, as bears rattle the cryptocurrency landscape.

The value of all digital tokens plunged by 5% the past 24 hours to $3.65 trillion due to factors like tariff tensions.

Nevertheless, analysts remain confident, predicting massive rebounds in Q4 and into 2026.

Meanwhile, the ongoing hackathon could boost MNT’s utility and volumes in the coming times, which could catalyze stable price performances.

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