Real-time Update | What are the highlights of the Solana Breakpoint 2025 Summit not to be missed?

The Solana Breakpoint 2025 took place in Abu Dhabi, UAE from December 11 to 13, where over 6,000 developers and project teams from more than 100 countries gathered to focus on the latest developments and future of the Solana ecosystem.

Industry leaders such as Real Vision Co-Founder and CEO Raoul Pal, Solana Co-Founder Anatoly Yakovenko, Solana Foundation Chair Lily Liu, Galaxy Founder and CEO Mike Novogratz, among others, attended and delivered speeches.

BlockBeats will provide real-time updates and coverage of the event. The following is the latest content:

December 12

The Jupiter Stablecoin JupUSD is Expected to Launch Next Week

On December 12, Jupiter announced at the Solana Breakpoint conference that its stablecoin JupUSD is expected to launch next week.

BlockBeats previously reported that on October 8, Ethena partnered with Jupiter to launch the native Solana stablecoin JupUSD. The token is scheduled to launch in the fourth quarter. Jupiter plans to gradually convert around $750 million of USDC in its liquidity provider pool to JupUSD.

December 11

Raoul Pal: Current Bull Market Cycle Expected to Peak in 2026, Cryptocurrency is Actually a Macro Asset

On December 11, former Goldman Sachs executive, author of "Global Macro Investor," and Real Vision Co-Founder and CEO Raoul Pal stated at the Solana Breakpoint conference:

“A declining labor force participation rate implies a shrinking workforce. And demographics are the key driver of debt. If the demographics continue to shrink, it means that the proportion of debt to GDP will continue to rise, which is the problem.

We have to face the global debt issue, and currency devaluation has always been a way to solve (or delay) this problem. We have begun to see signs that the Fed has to reconsider its balance sheet and start thinking about how to 'monetize' all this debt. It is expected that in the next 12 months, we will need to print around $80 trillion through liquidity injection.”

I know many people may think the crypto cycle has already ended, feeling like the "good days are gone." However, in fact, what drives all of this is not the halving cycle of Bitcoin, but the debt maturity cycle.

So, I believe that this is not a 4-year cycle but a 5-year cycle. In a 5-year cycle, we have now passed the trough of the cycle, and the next step is the rising phase. The cycle should peak at the end of 2026, not 2025. This is a breakthrough realization for us as global macro investors: understanding that cryptocurrency is actually a macro asset.

Furthermore, the altcoin/Bitcoin cross-rate is driven by the business cycle, and the business cycle seems to be bottoming out rather than peaking."

Solana Co-Founder: Stablecoins Are the Clear Direction Now, Solana Aims to Capture as Much Market Share as Possible in Competition

On December 11, Solana co-founder Anatoly Yakovenko stated at the Solana Breakpoint conference that the core of achieving growth is to continue building the products people need. He emphasized that stablecoins are the clear direction now, expecting 1 to 10 trillion dollars of stablecoins to be on-chain in the future, driving about 500 trillion dollars of global assets to gradually tokenize and go on-chain.

Toly mentioned that the strong property rights protection and free-market capitalism brought by public blockchains and cryptography are not in conflict with Wall Street logic but complement it by using software to eliminate faults and risks to expand Wall Street’s financial scale at a faster pace. He stressed that stablecoins are about expansion rather than replacing the dollar, and L1, especially PoS networks, have a clear value capture mechanism. Solana's goal is to occupy as much market share as possible in this competition.

Lily Liu: SOL Spot ETF Sees Nearly $1 Billion Inflows Against the Market Trend in 6 Weeks, DAT Company to Serve as a Bridge Connecting Solana and the Public Markets

On December 11, Solana Foundation Chair Lily Liu stated at the Solana Breakpoint 2025 conference:

"Solana is the first blockchain platform to establish a policy research institute. Today, for every institution, formulating a digital asset strategy is imperative. As these institutions enter the blockchain space, they have overwhelmingly chosen Solana. Western Union processes over $600 billion in remittances annually and has chosen Solana. Pfizer processes $2 trillion in merchant payments annually and has also chosen Solana. Other institutions have followed suit."

Of course, ETFs have been a major theme this year. We finally saw the launch of the physically-backed Solana staking ETF — they entered the Solana ecosystem in a big way about six weeks ago, and in just six weeks, the assets under management have approached $1 billion. Despite the overall market performance being poor, we have seen continuous net inflows for three weeks in a row. In the US market alone, six physically-backed Solana staking ETFs have been listed.

Another significant theme this year, albeit somewhat controversial, has been DAOs (Decentralized Autonomous Organizations). Many view DAOs as short-term liquidity tools, but we hold the opposite view. This is because Solana is one of the few platforms that allows enterprises to build on both the infrastructure layer and the asset layer. We believe that DAOs will be long-term ecosystem companies that serve as bridges connecting Solana to the open market, building infrastructure, asset management systems, and integrating all of these functions into one cohesive whole.

Coinbase Executive: Solana-Based DEX Trading Feature Now Live on the App

On December 11, Coinbase's Solana product lead, Andrew Allen, announced at the Solana Breakpoint conference that Coinbase has launched the Solana-based DEX trading feature within its app. Users can directly trade any Solana blockchain-based token in a familiar interface and can use USDC, USD, bank accounts, or debit cards for payments, with the entire slippage and routing automatically handled in the background.

Andrew stated that Coinbase is actively expanding its native support for Solana, and in the future, users will be able to see Solana assets directly in the app, ensuring that they can reach millions of Coinbase users without the need for a token listing process, even with sufficient liquidity.

Bitwise Co-Founder: Applications in the Solana Ecosystem Truly Utilize the Network's Last 1% of Performance

On December 11, the co-founder and CIO of Bitwise stated at the Solana Breakpoint conference that compared to networks like Ethereum, applications on Solana truly utilize the last 1% of performance, providing users with the next marginal liquidity and scalability.

In many blockchains, running a node is a matter of "download software, double click to start," and then it doesn't matter much who stakes more or less, there is almost no difference in what applications can be built for the network or the users. But in Solana, the application landscape changes daily, the protocol layer, performance, and capacity are all rapidly iterating, and node performance directly determines the ceiling.

It is for this reason that we are especially concerned: as this product (referring to a staking ETF/trust) locks more and more SOL, increasing its weight, it must make the ecosystem, developers, users, and the entire community feel—its expansion will not jeopardize the market structure or ecosystem, but rather make the network more stable, reliable, and able to withstand the next wave of innovation.

Paxos CEO: Has Applied to SEC for Clearing Agency License to On-chain Native Stock and Bond Issuance

On December 11, Paxos Co-Founder and CEO Chad Cascarilla stated at the Solana Breakpoint Conference that Paxos has applied to the U.S. SEC to become a clearing agency, enabling direct custody and on-chain native issuance of stocks and bonds, allowing users to hold real underlying assets rather than derivatives. He emphasized that this will lay a crucial foundation for the large-scale on-chain presence of traditional financial assets.

Cascarilla mentioned that Paxos' goal is to drive traditional assets into the on-chain environment and continue expanding in the stablecoin and asset tokenization space, including the growth of USDG and gold tokenization products. He believes public chains will become a globally unified asset trading arena, significantly enhancing market accessibility and liquidity.

Galaxy DeFi Lead: Solana is the Only Blockchain Capable of Supporting Tokenized Securities

On December 11, Galaxy DeFi Lead Marcantonio stated at the Solana Breakpoint Conference: "Galaxy Digital is publicly traded on Nasdaq with shares open for trading. However, we chose to tokenize our own stock on Solana because, in our view, Solana is the only blockchain that provides the required speed and efficiency to support tokenized securities."

"We hope Solana can establish absolute dominance to the point that when you compare the price of the same asset on Solana and Nasdaq, you would choose to buy on Solana. That is our ultimate goal."

Anza Chief Economist Max Resnick: SOL Trading Volume on Solana Network is Three Times That of Binance, Competition Fiercely Intense

On December 11, Max Resnick, Chief Economist of Anza, a research and development company for Solana, stated at the Solana Breakpoint Conference, "We reached 100,000 TPS in May. Not on a testnet, not in a whitepaper, but live. Market structure is also evolving in real-time: proprietary market makers are tightening the spread, and now the trading volume of SOL-USD is three times that of Binance. Competition is extremely fierce, and the order book is getting tighter and deeper every day."

Circle CEO: Circle Gateway to Launch on Solana

On December 11, Jeremy Allaire, Co-founder and CEO of Circle, announced at the Solana Breakpoint Conference that Circle is set to launch Circle Gateway on Solana, enabling cross-chain instant access to a unified USDC balance.

Sunrise CEO: Successful Launch of MON, Trading Volume Surpasses Hyperliquid and Various CEX

On December 11, Saeed, CEO of Sunrise, a liquidity gateway in the Solana ecosystem, announced at the Solana Breakpoint Conference that Sunrise's first asset listing on Solana was the MON token. We took a non-native token that was not originally issued on Solana and directly introduced it into the Solana ecosystem on the first day, in the first minute of listing. It not only competes with all other on-chain exchanges but also faces various CEX competitors.

As a result, within 24 hours of listing, its trading volume exceeded that of well-known platforms such as Hyperliquid, KuCoin, Kraken, Coinbase, Bybit, Bitget, and Gate—some of which have user bases exceeding one million. What's even more impressive is that its spread is tighter than these established CEXs, and its trading volume is higher, all supported solely by Solana's native ecosystem user base.

Furthermore, Saeed believes that if assets can be issued on Solana and these assets can be as competitive as centralized exchange counterparts, then this is not just a matter of listing crypto tokens but could be stocks, commodities, or any financial product.

Helius CEO: Suggests Investors Buy BSOL to Help Developers Build Faster Applications

On December 11, Helius CEO mert stated at the Solana Breakpoint conference that investors can purchase the Bitwise-issued, stock-managed token BSOL (Bitwise's SOL spot ETF). However, precisely because you bought it, we take the proceeds to make the network run faster—so your transaction directly helps developers build applications faster.

Circle CEO: Solana's Appeal Growing Stronger as More Platforms Adopt Solana's USDC as Primary Infrastructure

On December 11, Circle CEO Jeremy Allaire said at the Solana Breakpoint conference that Solana's transaction volume far exceeds all other chains. Solana's infrastructure is becoming more mature, and its appeal is growing stronger. An increasing number of consumer and merchant-oriented large platforms are using USDC on Solana as their preferred infrastructure.

DoubleZero Co-founder: 15 Core Contributors Supplying Fiber Optics for Solana to Build High-Performance Alternative Internet

On December 11, DoubleZero Co-founder Austin Federa mentioned at the Solana Breakpoint conference that DoubleZero has numerous independent contributors—now increased to 15—who are contributing fiber optic capacity to the Double Zero network. These are real, physical fiber optic cables that are being brought in to create a completely separate transmission path for Solana.

This "crowdsourced fiber" approach is unprecedented: all existing high-performance chain networks are operated by a single company holding a single master private key; Double Zero lacks such a "single point" and is instead laid and controlled by 15 contributors who each have their fiber optic lines.

Yat Siu: Animoca Brands Has Investments in Over 628 Portfolio Companies, About 200 of Which Are Game Projects

On December 11, Animoca Brands Co-founder and Director Yat Siu mentioned at the Solana Breakpoint conference that Animoca Brands' proprietary investment portfolio spans over 628 portfolio companies, with about 200 being game projects. He considers Bitcoin akin to digital gold, with altcoins resembling the stock market, serving as the growth engine of the crypto space. Given that altcoins carry practical use cases, their total market value is expected to significantly surpass that of Bitcoin.

OSL Group to Launch Stablecoin USDGO on Solana

On December 11, OSL Group's Chief Commercial Officer, Wayne Trench, announced at the Solana Breakpoint 2025 Summit that OSL Group will be releasing the USDGO stablecoin on the Solana network. OSL Group will serve as the branding and distribution partner for USDGO, with Anchorage Digital Bank as the issuer.

USDGO is pegged 1:1 to the US dollar, compliant with US federal regulations, and is scheduled for an official launch in the first quarter of 2026. Solana will be the first blockchain to deploy USDGO, with plans to expand to more chains in the future. This is not just another stablecoin but a truly compliant stablecoin payment infrastructure intended for enterprise and institutional use.

Bhutan to Issue World's First Sovereign-Backed Gold Token TER on Solana

On December 11, Bhutanese government officials announced a milestone collaboration with Solana at the Breakpoint 2025 Summit to propel Bhutan towards being a "crypto-friendly nation":

On December 17, 2025, Bhutan's National Day, the world's first sovereign-backed gold token will go live on the Solana blockchain. The token, named "TER," meaning "treasure" in Bhutanese, will be in the form of an SPL token anchored 1:1 to Bhutan's national treasury gold, enabling real-time auditability and sub-second settlement on-chain.

Solayer Mainnet Alpha Version Officially Launched, Supporting Real-Time Financial Applications

On December 11, Solayer unveiled the InfiniSVM Mainnet Alpha version. InfiniSVM is a hardware-accelerated blockchain capable of sustaining a throughput of 300,000 transactions per second with sub-second finality. This network empowers developers to deploy existing Solana applications with exceptional performance, unlocking use cases in high-frequency trading, real-world assets, and institutional finance.

Users can connect SOL via sBridge and immediately interact with deployed applications. Developers can access documentation and deployment tools to start building on InfiniSVM.

This release coincides with Solana Breakpoint in Abu Dhabi, marking Solayer's integration into the Solana ecosystem and commitment to supporting it, while continuously expanding its capabilities in demanding application categories.

Galaxy Founder: Solana Still Seen as a Blockchain Network "Built for Capital Markets"

On December 11, Galaxy Founder and CEO Mike Novogratz stated at the Solana Breakpoint conference:

"As regulations gradually clarify, the industry has entered a phase of 'must truly build products that users will use.' The value of crypto assets is being jointly driven by the community and actual growth, and the narrative must be supported by real-world usage and innovation. Solana, with its high-speed performance, is seen as a chain 'built for capital markets,' and Galaxy's partnership with Jump is also based on its capabilities in high-frequency infrastructure."