Gm! In this episode, we discuss recent trends in the Solana ecosystem, including declining onchain revenue, continued inflows into Solana-related ETFs, and growth in tokenized equities. We also cover liquidity and structural challenges in onchain equity markets, RWA expansion on Kamino, and the Axiom insider trading controversy.

Enjoy!

Follow Lightspeed: ⁠https://twitter.com/Lightspeedpodhq⁠

Follow Toma: https://x.com/toma_adv

Follow Carlos: https://x.com/0xcarlosg

Follow Danny: https://x.com/defi_kay_

Join the Lightspeed Telegram: ⁠https://t.me/+QHlbNTNS4gc1ZTVh

Join us at DAS (Digital Asset Summit) in New York City this March! Use the link below to learn more, and use code LIGHTSPEED200 to get $200 off your ticket! See you there!

Learn more + get your ticket here: https://blockworks.co/event/digital-asset-summit-nyc-2026

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Timestamps:

(0:00) Introduction

(3:17) Solana Monthly Update

(8:18) Tokenized Equities Explained

(20:11) Onchain Stock Liquidity

(24:16) RWAs on Kamino

(38:51) Axiom Insider Trading

(52:31) Closing Comments

Disclaimers: Lightspeed was kickstarted by a grant from the Solana Foundation.

Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Danny, and our guests may hold positions in the companies, funds, or projects discussed.

Tokenized Equities, Kamino RWAs and zachXBT Investigation