BlockBeats News, January 12 — Silicon Valley Web3 startup XStable announced the completion of a multi-million dollar seed round financing and officially joined the Solana Solaris Accelerator 2026 program. The round was led jointly by Singapore and Silicon Valley capital firms, with participation from several Web3 and fintech institutions. The funds will be used for protocol development, system security, and global ecosystem expansion.
XStable is the first decentralized trading engine on Solana focused on precious metal perpetual contracts, utilizing high-performance on-chain order books and stablecoin settlement mechanisms. It is currently in public testing, offering four contract trading pairs including gold and silver. Its vision is to provide users with a fair, transparent, and secure trading experience for precious metal derivatives through a decentralized mechanism. The core team of XStable has industry experience operating real precious metal exchanges and achieving significant trading volumes, along with 8 years of background in Web3 infrastructure, decentralized trading systems, and Solana contract development.
The Solana Solaris Accelerator is a blockchain startup support program initiated by the Solana Foundation and HackQuest in the Asia-Pacific region, with a focus on supporting sectors such as RWA assets and “perpetual contractization” in 2026. XStable will leverage these ecosystem resources to further build an open and composable RWA perpetual contract engine.
XStable founder stated that this round of financing and ecosystem collaboration will accelerate protocol security and trading experience optimization, promoting high-value RWA assets to enter on-chain markets in a decentralized manner. The project has already launched a new round of product iteration, with plans to continue deepening liquidity mechanisms, ecosystem cooperation, and seed user recruitment.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Phantom Wallet crashes big time! During the airdrop period, token prices went haywire and balances were reset to zero—users blasted it for “making them pay up.”
Phantom, a wallet in the Solana ecosystem, experienced a service outage during the airdrop, causing abnormal token prices and account balances to be displayed, which affected user transactions. Some users suffered losses as a result and demanded compensation. Security experts warned of the risk of phishing attacks and advised users to verify on-chain data. Although the issue has been fixed, the trust crisis still needs to be monitored. This incident highlights the challenges of self-custody wallets in terms of system stability and the user experience.
区块客30m ago
The U.S. spot SOL ETF had a net inflow of $11.4530 million yesterday
On April 10, the U.S. SOL spot ETF recorded a net inflow of $11.4530 million in a single day. The Bitwise Solana Staking ETF (BSOL) contributed all of the inflow, bringing the historical total net inflow to $789.00 million. The current net asset value (NAV) of the SOL spot ETF’s total assets is $828.00 million, and the historical cumulative net inflow is $975.00 million.
GateNews49m ago
Alchemy Launches $20M Fund To Accelerate Solana Innovation
The race to dominate Web3 infrastructure continues to intensify, and Alchemy just made a bold move. The company launched a $20 million initiative aimed at accelerating innovation within the Solana ecosystem. This step signals a deeper commitment to empowering developers who want to build fast,
Coinfomania6h ago
Circle minted a total of 10.5 billion USDC on Solana over the past month
Gate News update, on April 10, Circle added another 250 million newly minted USDC today. Data shows that over the past month, Circle has cumulatively minted 10.5 billion USDC on Solana.
GateNews14h ago
Bitcoin and Ethereum ETFs See Positive Inflows, Solana ETFs Record Outflows on April 10
Gate News message, according to the April 10 update, Bitcoin ETFs recorded a 1-day net flow of +4,614 BTC (+$334.63M) and a 7-day net flow of +7,358 BTC (+$533.62M). Ethereum ETFs showed a 1-day net flow of +23,039 ETH (+$51.38M) and a 7-day net flow of +15,349 ETH (+$34.23M). Solana ETFs experience
GateNews15h ago
