The Solana (SOL) blockchain has achieved a major milestone as a foundational piece of contemporary finance. This comes as Bullish, a number one institutional cryptocurrency alternate, is migrating its complete infrastructure to the Solana ecosystem. The mixing will make the most of particularly Solana-native stablecoins for its operations.
Bullish bets large on Solana for funds and extra
In keeping with an replace shared on X by Solana, Bullish, a centralized cryptocurrency alternate with a buying and selling quantity exceeding $1.4 trillion, is making a major shift.
Notably, the vital parts of Bullish’s operations, together with custody funds, buying and selling and settlement, will now be powered by stablecoins on the Solana blockchain.
The implication is that Bullish will now make the most of Solana’s blockchain expertise as a substitute of conventional fee methods. This might be used to maneuver cash and different digital property throughout platforms.
BREAKING: @Bullish goes all in on Solana.
The crypto alternate with over $1.4 trillion in buying and selling quantity is migrating their core infrastructure to Solana-native stablecoins to energy custody, funds, buying and selling, and settlement. pic.twitter.com/8Lep0BVr8s
— Solana (@solana) July 9, 2025
The event is a major win for Solana as a result of Bullish stays a most popular platform for a lot of institutional buyers. Additionally it is licensed to function in Hong Kong, Germany and Gibraltar, that are strategic monetary hubs.
Bullish, in deciding to go “all in on Solana,” alerts large confidence in Solana’s expertise, value effectivity and throughput. The transfer repositions Solana not only for meme cash or NFTs however as a vital infrastructure within the world monetary house.
Will utility drive SOL larger?
Solana, with this integration, now has a aggressive stance alongside Ethereum and conventional monetary methods like SWIFT. The blockchain will now deal with custody, settlement and funds. Final yr, PayPal’s stablecoin, PYUSD, launched on the Solana blockchain.
Earlier than this integration by Bullish, different notable names, corresponding to Fiserv and R3, have additionally adopted the Solana community. This emphasizes the rising shift within the monetary house, the place conventional establishments are merging with decentralized expertise.
Apparently, Solana is gaining traction as the popular platform. This can be a results of sooner and cheaper transaction charges. Total, this might improve the ecosystem’s utility and adoption, notably with elevated stablecoin exercise on Solana.
It might additionally catalyze the worth outlook for SOL. As of press time, Solana was buying and selling at $153.79, representing a 1.95% enhance during the last 24 hours. Buying and selling quantity has additionally climbed by 4.06% to $4.24 billion.
