Monthly • Ecosystem
Solana Ecosystem Updates — Monthly insights on top projects
Published Sep 10th, 2025 · Estimated read: 2 min

A focused monthly report on Solana’s top projects, developer momentum, liquidity flows and staking-aware strategies. This edition highlights protocol upgrades, top token movers and how to pair active allocation with conservative staking via AstraSol.

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Developer Activity · Liquidity · Staking

Executive summary

Solana continues to show a bifurcated rhythm: strong developer throughput in core DeFi tooling (DEXes, liquid staking adapters and on-chain oracles) while token rotation moves between mid-cap DeFi projects and ecosystem-native infra. This month's highlights: SOL network-level stability and validator upgrades, RAY's renewed liquidity growth, and MNGO’s DEX-driven momentum. We also break down signals you can use with AstraSol to prioritize exposure and protect staked capital.

Top projects this month — deep dives

SOL — Network health & staking flows
Protocol metrics: sustained validator participation and rising on-chain staking ratios. For stakers, the key is routing to low-downtime validators and minimizing churn — AstraSol’s stake rebalancer helps keep net APR high while enabling liquidity windows for trading.
RAY — Liquidity aggregator momentum
RAY saw multi-week liquidity inflows into concentrated pools. Watch fee-tier competition and token incentives; lean on liquidity bands for safer exits.
MNGO — DEX-driven momentum
MNGO’s uptick was driven by a combination of targeted liquidity mining and non-exchange accumulation. Momentum scores flagged consistent accumulation by whale clusters.
Emerging Infra
New index & tooling projects showed a spike in dev commits — watch for cross-product composability that enables on-chain position-level analytics.

Monthly snapshot & on-chain signals

Token30d MoveKey SignalMomentum
SOL +9.4% Validator staking ↑, protocol updates
RAY +17.2% DEX liquidity inflows
MNGO +38.9% Non-exchange accumulation + volume spikes

These selections use AstraSol’s composite signals: developer activity, liquidity deltas, on-chain accumulation and short-term volume — combined into a momentum score that helps prioritize risk-adjusted exposure.

Developer activity & partnerships

Developer commits and public repo activity remain a leading indicator. This month, several infra libraries and cross-chain bridges announced audit completions and integration tests — a meaningful de-risking step. Projects that show sustained commit velocity and audited bridge proofs should be prioritized for longer-term allocation.

Why dev activity matters

Active maintenance, PR velocity, and meaningful issue resolution point to long-term viability. AstraSol overlays these with on-chain signals to reduce false-positive momentum signals.

Staking & validator updates — what stakers should know

Validator commission adjustments and epoch-level participation influence net APR. Frequent rebalancing across diverse validators preserves yield while limiting exposure to single-operator events. Use AstraSol’s stake optimizer to automate low-cost rebalancing windows that align with cross-chain unlock schedules.

Practical playbook — how to act this month

  1. Signal confirmation: require at least 2 high-confidence signals (dev activity + liquidity inflow) before deploying capital.
  2. Stagger entries: use time-weighted buys to reduce impact on liquidity-thin pools.
  3. Stake excess capital: stake surplus SOL via AstraSol to earn yield while awaiting re-entry windows.
  4. Protect with liquidity bands: use on-chain liquidity profiles to set realistic stop and take-profit levels.
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Dataset & visualization examples

Below is a simplified sample of the Solana ecosystem dataset fields AstraSol uses to feed models and power charts. You can download the JSON to test locally or feed it to backtests.

Show sample dataset (JSON)
[
    {
        "token": "SOL",
        "7d_volume_delta": 2.79999999999999982236431605997495353221893310546875,
        "non_exchange_accum": 25000,
        "dex_liquidity_change": 0.179999999999999993338661852249060757458209991455078125,
        "dev_activity": 312,
        "momentum_score": 0.7199999999999999733546474089962430298328399658203125
    },
    {
        "token": "RAY",
        "7d_volume_delta": 3.600000000000000088817841970012523233890533447265625,
        "non_exchange_accum": 8200,
        "dex_liquidity_change": 0.419999999999999984456877655247808434069156646728515625,
        "dev_activity": 85,
        "momentum_score": 0.68000000000000004884981308350688777863979339599609375
    },
    {
        "token": "MNGO",
        "7d_volume_delta": 6.0999999999999996447286321199499070644378662109375,
        "non_exchange_accum": 14000,
        "dex_liquidity_change": 0.5500000000000000444089209850062616169452667236328125,
        "dev_activity": 28,
        "momentum_score": 0.810000000000000053290705182007513940334320068359375
    },
    {
        "token": "SRM",
        "7d_volume_delta": 1.399999999999999911182158029987476766109466552734375,
        "non_exchange_accum": 4200,
        "dex_liquidity_change": -0.0200000000000000004163336342344337026588618755340576171875,
        "dev_activity": 20,
        "momentum_score": 0.320000000000000006661338147750939242541790008544921875
    }
]

Download sample JSON (Hosted file)

Charts combine sparklines, liquidity heatmaps and developer activity overlays — visual layers that elevate both model and human prioritization.

Risks & governance

  • Bridge risk: prefer bridges with fraud proofs or cryptographic verification.
  • Validator concentration: avoid concentration in a single operator.
  • Model overfitting: diversify signal sets and keep human oversight on automated flows.

FAQ

How often will this report be updated?

Monthly, with interim alerts for major protocol events. AstraSol users receive live signal notifications.

Can I incorporate this dataset into my backtests?

Yes. The downloadable JSON sample is sized for testing; reach out to AstraSol for larger historical datasets and API access.