Solana News: 90 Banks Settle Over Solana as Bitrue Adds SOL Staking

Solana had a busy start to October 2026. More than 90 banks and credit unions began settling transfers over the network, exchange Bitrue launched a SOL staking feature, and tokenised equity trading hit a monthly record.

Get Solana alerts as they happen. Join SpotX Signals on Telegram for real-time crypto market updates.

Solana Market and Network Data

Figures reported between October 1 and October 4, 2026:

• SOL price: approximately $121 (CoinGecko, October 4)

• SOL daily closing range since September 21: between $115 and $122

• Solana spot ETF assets under management: approximately $1.91 billion

• Tokenised equity trading volume on Solana, September: $4.35 billion

• SOL staked on the network: approximately 440 million SOL

• Banks and credit unions settling over Solana: more than 90

Readers following Solana on-chain activity in real time can do so through the SpotX live stream.

Main News: North Dakota Banks Settle Over Solana

Since October 1, 2026, more than 90 banks and credit unions in North Dakota have been moving money between each other over Solana. Payments processor Fiserv opened its digital asset platform to bank customers that day. The first use case is a dollar-pegged stablecoin called the Roughrider Coin.

Key details, as reported by Solana Compass:

• Stablecoin: Roughrider Coin, pegged to the US dollar

• Announced by: the Bank of North Dakota together with Fiserv, a year ago

• Issuer: VersaBank

• Tokenisation technology: Fireblocks

• Settlement network: Solana

• Settlement time: around 400 milliseconds, around the clock, every day of the week

• Previous process: overnight batch transfers between the banks

• Access: through the corporate online banking the institutions already use from Fiserv

Solana Network Data: Staking

Network data queried on October 1, 2026, and reported by CryptoTicker:

• SOL staked: approximately 440.5 million

• Circulating supply: approximately 588.0 million SOL

• Share of circulating supply staked: about 74.9%

• Gross staking yield: about 4.8%

• Annual emission rate: 3.62%

Bitrue Adds Solana Staking

Separately, crypto exchange Bitrue announced a staking feature for Solana (SOL). According to the exchange:

• Minimum stake: 0.01 SOL

• Potential annual yield: up to 5%

• Validator management: not required

• Unstaking period: none, compared with the typical 2 to 3 days

Bitrue did not publish additional terms or eligibility details with the announcement.

Record Tokenised Equity Trading on Solana

September was a record month for tokenised stocks on Solana. According to Tokens on Solana data reported by Cryptonews:

• Tokenised equities traded on Solana in September: $4.35 billion

• Compared with August: 3.4 times higher

• Compared with the previous record month: 24% higher

US spot Solana ETFs hold assets under management of around $1.91 billion, according to SoSoValue.

Solana ETF Flows Cool After a Record Week

After a record $188 million weekly inflow through September 25, demand for Solana ETFs slowed sharply. For the week ending October 2, the funds recorded about $2.4 million in net inflows, and two sessions finished in outflows, according to Yahoo Finance.

SOL traded around $121 on October 4. Every daily close since September 21 has landed between $115 and $122.

Alpenglow Upgrade Remains in Testing

Solana's Alpenglow consensus upgrade has not launched on mainnet. Developers denied a claim that it would activate on September 28, 2026.

• Target finality: approximately 150 milliseconds

• Current finality: approximately 12.8 seconds

• Status: in testing, with no confirmed mainnet date

• Next tentative activation window for feature releases: November 9, 2026, though Alpenglow has not been confirmed for it