News linked to both this project and an event.
Odaily News, DeFi researcher Ignas posted on X platform stating that the market appears to be showing signs of some on-chain funds rotating from the Robinhood ecosystem to Solana. Over the past 24 hours, tokens related to trading infrastructure in the Solana ecosystem have performed strongly, with RAY up 60%, JUP up 21%, ORCA up 12%, and MET up 13%. Additionally, cross-chain data shows that bridged funds on Solana have increased by approximately $18.8 million, while Robinhood Chain has decreased by approximately $47.8 million.Ignas believes that although the current bridge volume remains relatively small compared to the overall TVL, some traders may be taking profits on Robinhood ecosystem Meme coins and pivoting to buying trading infrastructure tokens on Solana to bet on a similar market trend.
Jupiter Litterbox Trust, the strategic reserve trust fund of Jupiter, added 186,546 JUP yesterday, valued at approximately $45,000. This month, it has purchased a total of 1,226,119 JUP, worth about $300,000. As of now, its total purchase volume stands at 145,028,229 JUP, valued at approximately $34.8 million. Jupiter Litterbox Trust is Jupiter's official on-chain treasury fund, which automatically receives 50% of Jupiter protocol revenue and continuously buys and holds JUP tokens in the open market through smart contracts.
According to Lookonchain monitoring, a whale has once again bought 73,253 SOL, worth $7.12 million, and 2.5 million JUP, worth $620,500. Over the past three days, the whale has accumulated a total of 177,913 SOL, worth $16.92 million, and 10.32 million JUP, worth $2.56 million.
Castle Labs (@castle_labs) published a post stating that the current crypto market is undergoing a profound paradigm shift—speculative models prioritizing extraction are gradually giving way to investment logic oriented toward revenue generation. The article notes that since 2026, the broader crypto market has performed poorly: most assets have seen sustained price declines, ETF funds have continued flowing out, project shutdowns have intensified, and institutional VC investments have grown increasingly conservative. The key catalysts for this shift were last October’s large-scale liquidation event and the ongoing market reflection triggered by gold consistently outperforming Bitcoin. On the revenue data front, among the roughly 5,700 protocols tracked by DeFiLlama, only 3.5% generated over $100,000 in revenue over the past 30 days—and fewer than 1% actually distributed earnings to token holders. The article focuses on top revenue-generating protocols—including Hyperliquid (HYPE), Pumpdotfun (PUMP), Tron (TRON), Sky (SKY), Jupiter (JUP), Aave (AAVE), and Aerodrome (AERO)—analyzing their price-to-sales ratios (P/S) and token holder return metrics. It argues that protocol revenue—and its capacity to feed value back to token holders—is becoming the core metric investors use to evaluate and select projects. Regarding institutionalization trends, traditional financial giants—including NYSE, Robinhood, BlackRock, and Franklin Templeton—