Solana ETF bump fizzles after $161 price spike

Key Points

1. Solana's price rose to $161 on ETF anticipation but dropped to around $146 shortly after, closing June at $155, down 1.2% month-over-month.

2. Solana processed over 2.1 billion transactions in June, setting a new record, with app revenue reaching $150 million, up from $133 million in May.

3. Pump surpassed Raydium in DEX volume with a 32% share, while trading-focused apps accounted for nearly 90% of revenue.

4. Validator income declined, with Jito tips dropping to 51% of total REV, and the validator set shrinking by 25% due to Solana Foundation offboarding.

5. Tokenized US equities (xStocks) launched with 11 listings and $1.3 million in day-one volume, with 40 more listings planned.