Solana News Today: Coinbase Leverages Solana's Ecosystem to Become the Everything Exchange

Coinbase Global Inc. has agreed to acquire Vector.fun, a Solana-based decentralized exchange (DEX) platform, in a strategic move to expand its onchain trading ecosystem according to reports. The acquisition, expected to close by year-end, will integrate Vector's technology into Coinbase's consumer trading experience, enhancing access to onchain markets and accelerating the exchange's vision of becoming the "everything exchange" for digital assets. Vector's infrastructure, which identifies new assets created on Solana or launched via major launchpads, will improve speed, liquidity, and asset diversity for users trading on the Solana network according to data.

The deal marks Coinbase's ninth acquisition in 2025, reflecting its aggressive expansion strategy in the crypto space. In recent months, the company has also acquired derivatives exchange Deribit for $2.9 billion, initial coin offering platform Echo for $375 million, and explored a $2 billion purchase of stablecoin firm BVNK. Max Branzburg, Coinbase's vice president of product management, emphasized the acquisition aligns with the company's goal of creating an agnostic trading platform for all onchain assets.

Vector.fun's mobile and desktop apps will be discontinued as part of the integration, though the Tensor Foundation, which governs the Tensor NFT marketplace and native token, will remain independent according to reports. Solana's DEX volume for 2025 has already surpassed $1 trillion, according to Messari research, underscoring the network's growing prominence in decentralized trading. Coinbase's move to incorporate Solana-based infrastructure comes as the blockchain ecosystem expands, with other firms like PrimeXBT recently integrating Solana to boost transaction speed and reduce costs.

The acquisition also highlights the broader appeal of Solana's ecosystem. ETF inflows into Solana (SOL) have surged, with $56 million flowing into U.S.-listed products on Wednesday alone, bringing cumulative net inflows to $476 million since October 28 according to data. Despite a recent dip to $130, Solana's price has rebounded to over $141, supported by steady institutional interest. Coinbase's stock fell 0.6% on Friday as Bitcoin dipped to $80,554 before recovering to $83,600, reflecting broader market volatility.

Coinbase's expansion into Solana-based trading infrastructure aligns with its efforts to capture a larger share of the rapidly evolving crypto market. By integrating Vector's technology, the exchange aims to offer users faster, more accessible onchain trading while leveraging Solana's high-velocity ecosystem according to reports. The deal also positions Coinbase to compete with other platforms capitalizing on the growing popularity of memecoins and decentralized finance (DeFi) projects on Solana according to analysis.