Tokenized stock trading fueled fresh momentum across the Solana ecosystem, while Aave founder hinted at token buybacks coming under new framework.

• 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.

Leading the advance was the native token of Aave

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.

The surge lifted several Solana DeFi tokens, especially tied to trading infrastructure protocols.

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