Tokenized stock trading has injected new life into the Solana ecosystem, while Aave's founder hinted at upcoming token buybacks under a revised strategy.
By Krisztian Sandor|Edited by Stephen Alpher Jun 26, 2026, 8:15 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on Stani Kulechov, Aave Labs (Olivier Acuna/CoinDesk)SummaryShow- Bitcoin found stability around $60,000 following a significant sell-off, with tokens from decentralized finance and the Solana ecosystem leading the market recovery.
- Aave's token surged by 19% after CoinDesk revealed possible strategic investment from Kraken's parent company, alongside assurances from founder Stani Kulechov that protocol revenues benefit AAVE holders under a new framework.
- Solana's value increased by nearly 10% as its tokenized stock trading reached $2.5 billion in weekly volume, positively impacting several Solana-based projects including Jito, Raydium, Meteora, and Kamino Finance.
Bitcoin BTC$59,629.64 has regained some ground around $60,000 after a downturn earlier this week, with most notable gains coming from decentralized finance (DeFi) and the Solana ecosystem.
Aave's native token AAVE$93.09, associated with the leading DeFi lending platform, experienced a 19% increase in the last 24 hours. A CoinDesk report indicated that the cryptocurrency exchange Kraken is considering a strategic investment in Aave, seeking to acquire a 15% stake valued at $385 million.
In a post on X, Aave founder Stani Kulechov dismissed concerns that Aave assets might be sold at a significant discount. He emphasized that all revenue from the protocol — currently estimated at an annualized $134 million — is directed to the Aave DAO and ultimately benefits AAVE token holders through the recently implemented "Aave Will Win" framework.
Kulechov also hinted at "Aavenomics 3.0," a forthcoming redesign of the token's structure that will introduce an automated buyback mechanism.
Surge in Solana Activity Driven by Tokenized Stocks
Solana (SOL), recognized for its rapid transaction capabilities, also showed strong performance, with SOL increasing by nearly 10% on Friday.
Trading in tokenized stocks has continued to grow, surpassing $2.5 billion in volume this week, which is ten times higher than the volume from a month ago, according to data from RWA.xyz. This surge has given the network over 80% of the market share in tokenized equity trading across all blockchains.
Weekly transfer volume of tokenized stocks across blockchains (RWA.xyz)This increase has benefitted several DeFi tokens within the Solana ecosystem, particularly those linked to trading infrastructure.
JTO$0.8515, which supports Solana's largest liquid staking protocol, has seen a 30% rise following the launch of a new trading platform last month that enhances validator rewards. Tokens for Solana-based decentralized exchanges RAY$0.6112 and Meteora (MET) gained approximately 7%, while lending and liquidity protocol Kamino Finance (KMNO) advanced by 9%.
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