Aave, Solana lead crypto price gains as bitcoin (BTC) steadies near $60,000

Aave, Solana lead crypto price gains as bitcoin (BTC) steadies near $60,000

Markets

Aave, Solana ecosystem tokens lead crypto rebound as bitcoin steadies near $60,000

Tokenized stock trading fueled fresh momentum across the Solana ecosystem, while Aave founder hinted at token buybacks coming under new framework.

By

Krisztian Sandor

|

Edited by

Stephen Alpher

Jun 26, 2026, 8:15 p.m.

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Stani Kulechov, Aave Labs (Olivier Acuna/CoinDesk)

Summary

Show

Bitcoin stabilized around $60,000 after a sharp sell-off, while tokens tied to decentralized finance and the Solana ecosystem led market gains.

Aave’s token jumped 19% after a CoinDesk report of potential strategic investment by Kraken’s parent and founder Stani Kulechov's assurances that protocol revenues flow to AAVE holders under new framework.

Solana rose nearly 10% as tokenized stock trading on its network surged to $2.5 billion in weekly volume, lifting several Solana-based protocols including Jito, Raydium, Meteora and Kamino Finance.

Bitcoin

BTC

$

59,915.96

found some footing around $60,000 on Friday after this week's selloff, but the biggest gains came from decentralized finance (DeFi) and the Solana ecosystem.

Leading the advance was the native token of Aave

AAVE

$

93.32

, the largest DeFi lending protocol, which jumped 19% over the past 24 hours. CoinDesk reported Thursday that crypto exchange Kraken is exploring a

strategic investment

tied to the lending protocol, acquiring a 15% stake at a $385 million valuation.

Aave founder Stani Kulechov pushed back in an

X post

against the suggestion that Aave assets could be sold at a steep discount. He reiterated that all protocol revenue — currently running at an annualized $134 million, he said. — flows to the Aave DAO and ultimately benefits AAVE token holders under the protocol's recently adopted "Aave Will Win" framework.

Kulechov also teased "Aavenomics 3.0," an upcoming overhaul for the token's design that will introduce an automated buyback mechanism.

Solana activity boosted by tokenized stocks

Solana (SOL), the layer-1 blockchain known for its fast speed, and its ecosystem also outperformed, with SOL climbing nearly 10% on Friday.

Trading activity around tokenized stocks continued to accelerate, topping $2.5 billion in volume through this week and 10-times larger than a month ago, according to

RWA.xyz

. That gave the network more than 80% share in tokenized equity trading across all blockchains.

Weekly transfer volume of tokenized stocks across blockchains (RWA.xyz)

The surge lifted several Solana DeFi tokens, especially tied to trading infrastructure protocols.

JTO

$

0.8625

, which operates Solana's largest liquid staking protocol, provides infrastructure that helps validators maximize reward and

unveiled

a new trading platform last month, soared 30%. Tokens of Solana-based decentralized exchanges

RAY

$

0.6112

and Meteora (MET) gained about 7%, while lending and liquidity protocol Kamino Finance (KMNO) advanced 9%.

Markets

Aave

DeFi

Solana News

Related Assets

Bitcoin

$

59,915.96

0.34

%

Aave

$

93.32

13.72

%

Jito

$

0.86

23.90

%

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CD20

$1,622.86

CD20 up 1.24 percent

1.24%

BTC

$59,908.25

BTC down 0.35 percent

0.35%

ETH

$1,575.84

ETH down 0.17 percent

0.17%

XRP

$1.04

XRP up 0.30 percent

0.30%

SOL

$72.10

SOL up 7.34 percent

7.34%