What next? @PerpsPadfun The Perpspad community are the major players of our success story. From inception they’ve been an integral part of our drive and push towards this heights. I can still see them pushing further, talking about buying more meme-perps on the platform. This alone is what wakes me up every morning, even when I get confused on what next to do. We started PerpsPad without even a hint of success, the narrative was pretty early, almost dying out. We didn’t survive because the tek was novel, we did survive because of our resilience. Big ups to the @MeteoraEco @PhoenixTrade team for always advising. Where do we go from here: 1. We’ve been able to have a stable ecosystem to say the least. Everyday we’ve seen new coin launches. Compared to other protocol churning out insane numbers, we’re nowhere close to what we want to achieve. 2. Doubling down on solidifying the narrative: the messaging needs more work to attract more users. We’re constantly improving on that. 3. Improve on the UX. 4. More pairs and backing to explore. The team is constant researching to make degening easy on PerpsPad by providing more exotic options to what can be paired on the platform. 5. Improve on the infrastructure. We won’t be out shipped. Let’s perpify everything.

Perpetual Dividends is now live!! Holders of a coin get paid in the quote token of the memecoin, e.g., tokenised stock, @solana, ZEC, MET, etc. Trading fees and perp profits get split between everyone holding it, pro rata, and sent straight to your wallet in the token the coin is paired with. No staking. No claiming. You hold, you get paid. More mechanics on Perps Dividends will be shared as we upgrade and improve on this feature.

🫡 Last week on Solana was a full-stack finance week. RWAs crossed another major milestone. But the bigger story? What happened around them. Stocks became collateral. Tokenized assets became perps. USDC moved cross-chain into Solana. RWA yield became lending infrastructure. DeFi protocols built the rails underneath it all. Here's everything you missed in 90 seconds👇 ⸻ 🏦 RWAs Keep Accelerating • Solana RWA ecosystem surpassed $4.40B total value. • RWA holders surged 424K → 604K+ in one week. • Tokenized equity holders surpassed 800K. • @onrefinance crossed $300M AUM. • @sunrise surpassed $26.3B cumulative trading volume across 77 crypto, tokenized stock and ETF assets since January 2026. • @Raydium recorded $700M weekly high in tokenized equity volume. • @xStocksFi generated $500M+ tokenized asset volume in 10 days on Solana. → SPYX on Raydium led. • @solflare added 600+ tokenized stocks—Nike, Disney, Reddit. • @Backpack enabled stocks and ETFs with perp markets as collateral for borrowing, futures and margin trading. ⸻ 💰 Tokenized Assets Become Financial Primitives • @Backpack Securities opened public access to its mint & redeem API. → Developers can now programmatically issue and retire tokenized securities on Solana. • @Securitize brought HINC live on @Loopscale. → Borrow USDG against high-yield fixed-income collateral. • @Tokens launched equity perpetual futures for Amazon and AMD on Backpack. • @apys_co introduced a model where users earn exposure to tokenized stocks—NVDA, AAPL, MSTR, SPCX—from USDC yield while keeping principal intact. • @DawnInternet launched USD Infra Vault. → AI infrastructure RWAs with lending through Kamino and Orca. • @HawkFi_ integrated $FLWS, issued by Backpack Securities through Sunrise. • @MeteoraAG surpassed 80M $MET staked. → Token launches can now pair with Backpack's tokenized stocks. ⸻ 🪐 Kamino Goes Institutional • @Kamino attracted $50M+ through Binance Wallet in under 24 hours. • Kamino partnered with @galaxyhq to launch institutional USDC and USDT lending vaults. → 29 curated vaults now. • Kamino added $20M capacity to its institutional Commodity Yield Vault targeting 7%+ yields. • Kamino integrated USDC into its Auto Market. → Borrow against tokenized near-prime U.S. auto loans targeting ~8% APY. • Kamino appointed @WeiszM, Yieldstreet co-founder, as CEO for institutional growth and U.S. expansion. ⸻ 🔄 Jupiter Connects The Ecosystem • @JupiterExchange launched Universal Deposit. → Convert assets from Ethereum, Base, Arbitrum and Sui into USDC on Solana for $0.30. • @Jup_Mobile recorded $607M August trading volume. → Earn, Borrow and Strategies now integrated directly into the mobile app. • Jupiter announced retirement of its Juiced Leverage Loop—borrowing limits winding down ahead of late-September shutdown. • @Jupiter_Trade launched the Stonkfun Launchpad Screener. → Custom asset pairing, instant tradability, AlphaScan filters and token audits. ⸻ ⚡ Trading Gets More Sophisticated • @PhoenixTrade now lets users use SOL as collateral for perpetual positions across 60+ markets. • Phoenix rolled out multicollateral support, including SPCX collateral for SPCX perps. • @BulletXYZ launched 24/7 RAY perpetuals with up to 10x leverage. • @Solflare surpassed $65M perp volume in its first three weeks. • @PerpsPadfun launched a launchpad for coins backed by perpetual markets, powered by Meteora and Phoenix. • @FudMarkets launched permissionless short-term prediction markets on mainnet—5-minute to 24-hour timeframes. • @NolusProtocol upgraded its Margin Markets experience, improved partial-liquidation displays and added ZEC, PUMP, JLP and cbBTC markets. ⸻ 🧪 New Ways To Launch • @LaunchOnSF promoted meme coins paired with 49 real-world assets supplied through Backpack. • @MultiPairFun launched multi-market token deployments paired with baskets of tokenized stocks. • @Raydium LaunchLab-style infrastructure keeps expanding into custom asset pairs. • @hylo_so added a new XP mechanic. → Memecoins paired with an xAsset qualify for Hylo XP while market cap stays above $1M. • @Loopscale users can now loop Hylo assets for additional yield, backed by $40K in HYUSD incentives. ⸻ 📈 DeFi & Ecosystem Growth • @backyard_fi crossed $1.2M TVL. • @craftsdev introduced private startup rounds on Crafts—early access available through its official page. • @elementaldefi announced V1 Vaults will sunset December 31. → Users can migrate positions to V2 with a one-click flow. • @_gammafi upgraded its documentation with deeper visibility into agent execution, risk controls, onchain NAV, security and APIs. • @joinfrontier surpassed 24K Frontier Card claims. ⸻ ⚠️ One Shutdown • @Switchboardxyz announced shutdown after operating since 2021. → Support ends September 25, 2026—users urged to migrate to alternative oracle providers. ⸻ 📌 What This Week Showed The RWA narrative is changing. A tokenized stock isn't just something you hold. It's: → collateral → a perpetual market → a lending position → a launch-pair asset → a yield strategy And the infrastructure underneath is connecting. Kamino. Jupiter. Backpack. Meteora. Phoenix. Loopscale. Raydium. That's the shift. Solana isn't simply tokenizing more assets. It's building the financial primitives around them. This was the week Solana started looking less like a collection of DeFi protocols... and more like a connected onchain financial market. 🫡

Solana tokens I LOVEE right now: - STONK - ZCAT - PURR - NEARKAT - STONK10 - PERPSPAD - EMBER - ALLINU - GP - CATE - RAY The tek/lore is fucking great. (I don’t even hold 70% of these but I’d love to see all of you win big regardless)

The @PerpsPadfun long PnL on Phoenix Trade is going parabolic. Account is up $22k, they’ve bought back & burned over $59k in tokens. 50% of fees from $PERPSPAD built collateral backing the SOL long, 15% went directly into buy backs & burns on the token. It’s only been like 2 weeks since people started talking about this…

“coins backed by perps and RWA are going to zero" -Kyle 31, holds 12 rugged cat coins, down 85% this week portfolio currently at $69, provides exit liquidity for influencers zero coins with a heartbeat, unperpified

A new milestone comes with new beginnings. A new narrative is blossoming on @solana. Powered by @MeteoraAG and @PhoenixTrade. Trade memes backed by perps:

Perpspad is a Solana launchpad where every coin is backed by a live leveraged perp position on @PhoenixTrade. Pair it with a stock, RWA, etc., and back it with a perp. You pick an underlying -> BTC, SOL, NVDA, gold, or oil, and the coin launches with a public perp treasury behind it. The quote asset and the perp backing can be the same underlying, an NVDAx-quoted coin backed by a 3x NVDA long. What you pay in and what backs it move together. Trading fees are claimed on-chain and added into that perp as collateral, fed into buybacks and burns, and into liquidity. Live today: 114 coins, 111 trading, 4 graduated. $20M cumulative volume, $5.68M raised, $56.5K in fees claimed on-chain, $53.9K spent on buybacks, $13.5K paid to creators. All powered by @MeteoraAg How does Meteora DBC power this? Meteora's latest upgrade now allows bonding curves quoted in tokenized stocks. Imagine a coin whose price is discovered in NVDAx or SPYx instead of SOL, the chart is priced in shares, and SOL volatility drops out of the launch. Every coin launches on a Meteora DBC and graduates into a DAMM v2 pool at 85 SOL or denominated in the quote token. Migration to DBC has been achieved, thanks to the Meteora Team for walking us through every process. Perpify everything.