Friday, November 13, 2026 · Catalyst Weekly Issue #4 · The SOLTRACER weekly Solana market wrap, covering Saturday, Nov 7 to Friday, Nov 13 · By Soltracer Research Team
Wall Street's plumbing kept choosing Solana while the tape kept falling. DTCC put Solana on its tokenization roadmap, Visa added a Solana-issued stablecoin to VisaNet settlement, and Schwab opened SOL to its retail clients. Meanwhile a hot inflation print, 5% Treasury yields and a Friday leverage flush took bitcoin under $70,000 and SOL to about $80. Fear & Greed hit 20, Extreme Fear. Breakpoint London opens in two days.
The week in price
SOL is near $80.68 on Friday morning, down about 10.4% over seven days and 1.8% in 24 hours (CoinGecko). Bitcoin is near $69,199 (−8.9%) after breaking $70,000 for the first time since August; Ether is near $1,959 (−12.4%). SOL lagged bitcoin but beat ether.
More than $1.3 billion of crypto futures positions were forcibly closed in the 24 hours into Friday, almost all of them long (CoinDesk). The Crypto Fear & Greed Index spent the week in Fear (25–32) before dropping to 20 on Friday, its lowest since July (Fear & Greed Index).
U.S. spot SOL ETFs saw about −$27.0M of outflows Nov 9–11, then another −$1.9M on Nov 12 (Bitwise's BSOL +$1.7M, Fidelity's FSOL −$3.6M). That is six straight outflow days and −$53.9M since Nov 5. Cumulative net inflows sit near $1.41B (Farside; track every fund on our ETF Tracker).
DTCC and Visa pick Solana rails
The week's biggest story: DTCC, which settles most U.S. stock and bond trades, said it will connect its DTC Tokenization Service to Solana in the second half of 2027, so eligible stocks, ETFs and Treasuries can be issued as tokens with their existing ownership rights (DTCC). A plan, not a launch. The same day, Visa added USDPT, the Western Union stablecoin Anchorage Digital Bank issues on Solana, as a VisaNet settlement asset (The Block). USDPT is still small, about 18.9M tokens.
Schwab, Formation and the equities stack
On Monday, Charles Schwab made SOL tradable for eligible U.S. retail clients, and Formation Securities told the SEC it plans to run a tokenized-stock venue on Solana with trading targeted for early 2027. Full story.
Kraken parent Payward then listed 200+ tokenized UK and European stocks on xStocks, including all 40 DAX names, available on Solana among other chains (The Block). The SEC also cleared generic listing standards for options on spot crypto trusts, SOL funds included.
Privacy and app review ship
Helius launched Solana Privacy Rings on mainnet: encrypted balances and private transfers on Solana's public liquidity (Solana; our take: Helius Turns On Private Transfers). Solana Mobile named Helius and Jito the first independent Guardians of its dApp Store with votes recorded onchain (SOLNews). ZetaChain's vote to move its token to Solana passed on Nov 7, following Akash the week before.
Institutions / Catalyst Tracker
Fifteen new entries hit the Catalyst Tracker from Nov 7 to Nov 12:
Visa: USDPT added as a VisaNet settlement asset (L5).
Payward / xStocks: 200+ tokenized UK and EU stocks (L5).
Charles Schwab: SOL trading for retail clients (L5).
DTCC: tokenization service to connect to Solana in 2H 2027 (L3).
Formation Securities: SEC notice for a tokenized-stock venue on Solana (L3).
Forward Industries: ~8.73M SOL plus a $50M SOL-backed bank credit line (L4), and up to $30M of Groma's tokenized REIT shares (L3).
DeFi Development Corp.: ~2.61M SOL and Q3 results (two L4 entries).
Solana Company (HSDT): ~2.4M SOL in Q3 results (L4).
Policy entries: the PBOC called SOL a virtual currency after halting Shanghai events; MSCI is deleting Upexi from a micro-cap index and put HSDT and DFDV on watch; plus the SEC options rule.
Invesco Galaxy (QSOL): signed a Coinbase Credit facility to borrow SOL or cash for staking and redemptions, and added BNY Mellon as a second custodian (L4).
Ondo Finance: Spout Finance to accept Ondo Stocks as collateral on Solana for interest-free USDC loans (L2).
Market Reaction, Adoption Score and Crowd signals stay locked behind Pro.
On-chain snapshot
DeFi TVL: about $5.04B on Nov 12, down from $5.26B a week earlier (DefiLlama).
DEX volume: about $9.39B over seven days, down about 24% week over week. Solana led all chains on Nov 11 (DefiLlama).
Stablecoins: about $14.29B on Solana Friday (DefiLlama).
Regulation and macro
October CPI rose 0.4% against a 0.3% forecast, core 0.3% against 0.2% (Decrypt). The 10-year yield pushed past 5%, traders price a likely Fed hike on Dec 9, and Nvidia's leadership change hit the AI trade (Saxo).
What Paul Barron Network covered
Solana Launches Privacy! Anthropic IPO Incoming (Nov 10) went inside the Foundation's Breakpoint push. Anthropic IPO Countdown: $1.4 Trillion on Solana? Sunrise CEO Interview (Nov 12) dug into tokenized assets. Inflation Returns, Rate Hike Confirmed? and NVIDIA Nukes A.I. Market covered the macro squeeze behind the price.
What to watch next week
Breakpoint London, Nov 15–17: we will grade announcements by launch dates, not slides.
Nvidia earnings, Tue Nov 17: the AI trade is steering risk appetite.
$80 and ETF flows: whether SOL holds the low $80s and the six-day ETF outflow streak (−$53.9M since Nov 5) breaks.
Fed path: PPI and Fed speakers set the tone into Dec 9.
The SOLTRACER take
SOL lost a tenth of its value while DTCC, Visa and Schwab each tied something real to Solana. The tape follows rates and leverage; the build list keeps growing. Follow every move on the Catalyst Tracker and the Dashboard.
Sources: CoinGecko · DefiLlama · Fear & Greed · Farside · DTCC · The Block: Visa USDPT · Charles Schwab · Solana Privacy Rings · Solana Mobile · CoinDesk · Decrypt: CPI · Paul Barron Network
Prices from CoinGecko at about 8:00 AM ET on Nov 13, 2026. DEX volume through the last full UTC day (Nov 12). ETF flows from Farside as of Nov 13, including FSOL's Nov 12 −$3.6M.
Not investment advice. See our Disclaimer.
