No exchangeon Solana has shipped harder over the last 6 months than @Backpack. solana:BPxxfRCXkUVhig4HS1Lh7kZqV6SPJhzfEk4x6fVBjPCy hit a new ATH of $0.93 today ($213M MC), up from $0.12 in May. They brought real stocks on-chain with Backpack Securities and turned them into 24/7 perps. Elite execution.

On-chain finance is evolving fast. @Backpack now supports stocks & ETFs as collateral for spot & perps trading. Meanwhile, @jupiter_earn & @kamino let you borrow stables against those same equities. Unlocking real-world capital is how DeFi TVL reaches new highs.

Day 1 for @arc was a mess. Between a poorly lit livestream hit with heavy FUD and team members shilling meme tokens that rugged, the optics were terrible. To top it off, pre-bundled tokens from private mainnet were dumped on retail at launch. Circle has the capital and team to fix this, but they need to learn from these day-one failures fast. If you're trading on Arc right now, trade with caution and try not to be exit liquidity.

Launching tokens paired with stocks is the meta we're all loving. Now the @MeteoraAG DAMM v2 launch pool accepts any @BackpackOnchain tokenized stock as quote token. 48+ stocks already live on Solana, and have seen $66.9M traded in 24h with $8.3M liquidity.

The new meta is holder rewards, and we need to thank @LaunchOnSF for starting it. Now @Pumpfun has rolled out the same model. Trading fees go to a distribution wallet and get paid out to holders several times an hour, in the quote asset. → Hold over $20 of the coin and you're in → Cashback mode is discontinued for new launches → Existing tokens can apply to switch, but it's one way Diamond hands finally get paid for the effort.