SOL Strategies Restructures Balance Sheet as Solana DEX Volumes Surge

• SOL Strategies Inc. announced the restructuring of its credit facility with Tony Guoga, its largest shareholder, to simplify its balance sheet and reduce liabilities according to a business update.
• The company also launched an at-the-market equity offering for up to $50 million, with proceeds to be used for treasury growth, M&A, or working capital needs as reported.
• Decentralized exchange (DEX) trading volumes on Solana surged by 39% due to meme coin speculation, increasing demand for SOL through transaction fees according to market data.

SOL Strategies Inc. has been actively managing its balance sheet to reduce liabilities and enhance financial prudence. On December 31, the company announced terms for restructuring its credit facility with Tony Guoga, a move that aligns with broader governance reforms and signals confidence in the Solana infrastructure business. This restructuring is part of the company's effort to optimize its capital structure and improve transparency for investors.

In addition to balance sheet optimization, the company has launched an at-the-market equity offering program with Cantor Fitzgerald and Roth Capital, allowing it to offer up to US$50 million of common shares. These funds will be used for strategic purposes, including treasury growth and M&A opportunities as detailed. This move is intended to support the company's long-term goals and provide flexibility to capitalize on strategic opportunities within the Solana ecosystem.

The Solana blockchain itself has seen a surge in activity, particularly on its decentralized exchanges. Meme coin speculation has driven a 39% increase in DEX trading volumes, with tokens like BONK rising by 50% in a week according to market analysis. This activity has also contributed to increased demand for SOL through transaction fees, potentially supporting price movements. The rise in DEX trading is being facilitated by platforms like Pump.fun and Meteora, which enable rapid token launches and trading as reported.

What is Driving the Growth in Solana DEX Volumes?

The growth in Solana DEX volumes is largely attributed to meme coin trading activity, which has historically driven Solana's price. In early 2026, Solana's price rose to nearly $145 amid renewed meme coin trading according to price data. The popularity of these tokens is due to their volatility, which attracts traders looking for quick gains. DEXs on Solana, such as Raydium, process large volumes, with trading surging by 40% in the past week according to trading reports. This increase in trading activity signals real user engagement and contributes to the broader Solana ecosystem's momentum.

The resurgence of meme coin trading has also been supported by Solana's low transaction fees, making it ideal for rapid trading compared to other blockchains like Ethereum according to market analysis. This has led to a significant increase in on-chain metrics, including total value locked and daily transactions. These fundamentals indicate organic network growth and reflect the appeal of Solana as a platform for high-velocity trading.

How is Solana Positioning Itself for Institutional Adoption?

Solana is also seeing increased institutional adoption, as evidenced by the launch of U.S.-traded Solana ETFs in late 2025. These ETFs provide a new mechanism for traditional investors to allocate capital to Solana, with issuers purchasing more SOL to meet demand, potentially driving price increases according to market reports. Additionally, Morgan Stanley filed with the SEC to launch a Solana Trust ETF, signaling growing institutional interest as reported.

The Solana network is also expanding its real-world asset (RWA) tokenization capabilities, with $863 million in tokenized assets already on the blockchain according to market data. This trend is expected to continue as more institutions recognize the benefits of tokenizing real-world assets, such as equities and commodities, on Solana. The success of tokenized gold trading has also contributed to this trend, with Bitget reporting a 4,900% spike in tokenized gold trading volume in December according to volume reports.

Solana's growing dominance in the tokenized stocks segment is another key factor in its institutional adoption. The network has surpassed Ethereum in this space, with a market cap of over $800 million according to market analysis. This growth is being driven by 24/7 trading capabilities and partnerships with platforms like Ondo's Global Markets and Backed, which provide the infrastructure to tokenize real-world equities as reported. As a result, Solana is becoming an increasingly attractive platform for institutional investors looking to gain exposure to tokenized assets.