Solana News Update: Dawn: Solana's Fast Track to International Financial Markets

Bitget App

Trade smarter

Bitget

News

Markets

Solana News Update: Dawn: Solana's Fast Track to International Financial Markets

Bitget-RWA2025/11/24 09:40

By:Bitget-RWA

- Wormhole Labs launched Sunrise, a Solana platform for instant token listings via NTT framework, bypassing wrapped tokens. - MON became first token listed on Nov 23, enabling immediate trading on Jupiter and Orb DEXs with native liquidity. - Platform addresses Solana DeFi's fragmented liquidity by standardizing cross-chain entry for new assets from day one. - Sunrise aims to expand beyond crypto to tokenized commodities and real-world assets, competing with Ethereum's DeFi dominance.

Wormhole Labs has introduced Sunrise, a specialized platform designed for initial token launches on the

Solana

blockchain. This move is intended to enhance cross-chain liquidity and draw new assets into the Solana ecosystem. Sunrise officially launched on Nov. 23, featuring Monad’s MON token as its inaugural listing, which allowed for instant trading on Solana-based decentralized exchanges (DEXs) such as

Jupiter

and Orb.

Sunrise utilizes Wormhole’s Native Token Transfer (NTT) technology

to enable straightforward, governance-free token transfers from other blockchains, removing the need for wrapped tokens or complicated bridging steps.

This development tackles a significant challenge in Solana’s DeFi sector, where new tokens often struggled with fragmented liquidity and slow market entry. By offering a unified access point, Sunrise seeks to streamline token onboarding, ensuring immediate liquidity and tradability upon arrival on Solana. “Solana’s vision for internet capital markets is to be the platform where users can interact with any asset, including those not originally issued on Solana,” stated Kuleen Nimkar, growth lead at the Solana Foundation. "

Solutions like Sunrise are essential for making this vision a reality

" by providing a smooth, liquid entry route for non-native assets from the outset.

Sunrise’s system simplifies cross-chain operations, letting issuers launch tokens on Solana with a single step and allowing liquidity providers to seed pools in advance. Tokens are transferred natively, avoiding the complications and risks of wrapped assets. This not only makes it easier for DeFi projects to integrate with Solana but also lowers barriers for users interested in new tokens.

Solana News Update: Dawn: Solana's Fast Track to International Financial Markets image 0

MON, which debuted on Solana on Nov. 24,

demonstrates this approach

, allowing holders to transfer their tokens from Monad and immediately trade them against

USDC

, SOL, and other assets native to Solana.

By integrating with Orb and Jupiter DEXs, Sunrise ensures that newly listed tokens are instantly available for trading and gain broad exposure, supporting their adoption.

Saeed Badreg, CEO of Wormhole Labs, highlighted

that “Sunrise provides a liquid entry point for any asset from any blockchain to trade on Solana at the Token Generation Event. With Wormhole’s rapid NTT infrastructure, MON is just the beginning.” The launch comes as competition intensifies between Solana and

Ethereum

in the DeFi arena, with Solana’s scalability and low transaction costs making it an appealing choice for developers and liquidity providers.

Looking ahead, Sunrise aims to expand beyond digital currencies. The platform intends to support tokenized commodities, institutional assets, and real-world equities, aligning with Solana’s goal of becoming a central hub for global capital markets. By creating a standardized onboarding process,

Wormhole seeks to make it easier for projects to launch on Solana

, encouraging a stable environment for liquidity to move from other blockchains.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

Quick Take Summary is AI generated, newsroom reviewed. BitMine purchased 28,625 ETH worth $82.11 million. Purchase happened during a market dip, showing confidence. BitMine is steadily building a long-term Ethereum treasury. Other institutions may follow, boosting market sentiment.References Tom Lee's BitMine has bought 28,625 $ETH worth $82.11 million.

coinfomania•2025/11/24 10:57

XRP Hits Exact Bull Target as Trader Celebrates Precision Call

Quick Take Summary is AI generated, newsroom reviewed. Flag formed between 1.89 and 1.96 USDT with support at 1.8810 USDT. Breakout from 1.92 USDT produced a rally to 2.076 USDT. Chart included clear annotations: green target, red resistance, yellow support, orange breakout. Current price sits near 2.055 USDT with $3.85B volume and strong liquidity.References X Post Reference

coinfomania•2025/11/24 10:57

Grayscale Launches XRP Trust ETF GXRP With Trading Set for NYSE Arca

Quick Take Summary is AI generated, newsroom reviewed. Grayscale is launching its XRP Trust ETF (GXRP) on NYSE Arca, following SEC certification of the listing. The product holds spot XRP and offers a passive exposure to the asset, with Coinbase Custody serving as custodian. The management fee is temporarily waived (0% for the first three months or up to $1 billion in assets). The launch coincides with a market rotation, where XRP products saw $179.6 million in inflows last week despite outflows from BTC a

coinfomania•2025/11/24 10:57

Franklin XRP ETF Moves Closer to Launch After NYSE Certification

Quick Take Summary is AI generated, newsroom reviewed. The Franklin XRP ETF received NYSE certification, a key step toward launch. Final approval from the SEC is still required before trading begins. The ETF will hold XRP directly, with custody by Coinbase Trust. Listing could increase institutional adoption and offer a safer way to invest in XRP.References UPDATE: The NYSE has certified its approval to list and register the Franklin $XRP ETF.

coinfomania•2025/11/24 10:57