SBI Picks Solana and x402 Becomes an Open Standard

Two robots passing a glowing coin through a holographic portal in a Japanese garden at sunset

Monday, July 20, 2026 · SOLTRACER market wrap

A quiet price week hid a busy one for institutions and standards.

SOL market moves

SOL printed $76.31, up 1.1% over 24 hours and down 0.7% over 7 days. It is up 9.5% over 30 days. Market cap was about $44.5B, with $1.28B in 24-hour volume, a light-turnover week.

On-chain data

  • DeFi TVL: about $4.85B, flat versus a week ago.

  • DEX volume: $1.44B for the prior day and $11.86B over 7 days.

  • Stablecoins: about $15.37B on Solana.

Key news

SBI moves to Solana. Japan's SBI Holdings is moving its blockchain initiative from Corda to Solana. The joint venture, SBI Solana Global, will target stablecoins, tokenized RWAs and payments for AI agents. (Source: SOLANA·HUB)

x402 Foundation. The Linux Foundation launched the x402 Foundation as Coinbase moved the agent-payments protocol into open governance. The Solana Foundation is among 40 members alongside Visa, Mastercard, Stripe, Google and AWS. (Source: SOLANA·HUB)

Alpenglow hardening. The BLS pubkey feature gate activated on mainnet July 8, a cryptographic prerequisite for Alpenglow, and Anza opened the Alpenglow bug bounty repository. (Sources: Solana Foundation, SOLANA·HUB)

Jito JTX. Jito's self-custody trading platform launched, and JIP-38 commits the DAO's share of JTX fees to JTO buybacks and burns. (Source: SOLANA·HUB)

The SOLTRACER take

Standards bodies and Japanese financial groups don't chase charts. Agent payments, RWAs and the Alpenglow runway are all moving forward while SOL trades sideways. Our read: the base is being built. Track it live on the Dashboard and the Top 20.

Sources: SOLANA·HUB, Solana Foundation, CoinGecko, DefiLlama. Data: CoinGecko daily snapshot (00:00 UTC) and DefiLlama daily series for the date shown. On-chain DEX volume is the prior full UTC day.

Not investment advice. See our Disclaimer.

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