Solana Sees Surge in Activity as Fiserv and OpenStandard Enter Crypto Space

Fiserv's digital asset platform, which allows for the transfer of Roughrider Coin across over 90 banks and credit unions, went live this week. This marks a significant milestone in the adoption of digital assets in the financial sector. The platform's launch is part of a larger trend of established finance names entering the crypto space.

Another notable development is the launch of OpenStandard's stablecoin, OUSD, which has reserves at BlackRock, Lead Bank, and BNY. This stablecoin's presence is a testament to the growing acceptance of stablecoins as a viable alternative to traditional fiat currencies.

The Solana network has seen significant growth in recent times, with its app revenue reaching $365M in Q3, a 42.6% increase from the previous quarter. This marks the tenth consecutive quarter of growth for the network.

The network has also seen a surge in spot DEX activity, with a total volume of $197B in Q3, a 16.6% increase from the previous quarter. This growth is a testament to the increasing popularity of decentralized exchanges.