Aave, Solana ecosystem tokens lead crypto rebound as bitcoin 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. 2 min read Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Make preferred on 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 $ 59,621.92 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 $ 95.09 , 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 $ 0.8594 , 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 $ 59,621.92 0.41 % Aave $ 94.81 16.56 % Jito $ 0.85 25.01 % Latest Crypto News 1 U.S. House Democrat, who may soon run key committee, condemns crypto in 401(k)s 38 minutes ago 2 Former Ethereum Foundation leader warns of funding gap as governance shifts 1 hour ago 3 Anti-trafficking group says Clarity Act's Section 604 could weaken accountability 1 hour ago 4 Virtuals' Jansen Teng says AI agents are evolving into autonomous economic actors 2 hours ago 5 Securitize expects to raise $400 million as tokenization firm nears public debut 5 hours ago 6 CoinDesk 20 performance update: AAVE jumps 8.9%, leading index higher 6 hours ago 7 Wall Street's IPO revival hasn't reached dot-com euphoria levels, Goldman Sachs says 7 hours ago 8 With crypto ending the first half in the red, bitcoin's solace is it beat Strategy 8 hours ago 9 Bitcoin bounces from $58,000 as derivatives signal more pain in the pipeline 9 hours ago 10 All eyes on Strategy's June 30 ex-dividend date and monthly STRC dividend rate reset 9 hours ago Latest Research Equities on Crypto Rails: A Platform Comparison Equities on Crypto Rails: A Platform Comparison US equities on crypto rails: access is easy, on-chain composability is the real test. 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