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Kraken DEX Live, Moody's On-Chain Ratings & SOL at $71 | Jun 18
Audio is available on Spreaker — see link below.
Kraken's Solana DEX integration went live June 18th — routing order flow through Orca and Raydium while keeping the user relationship centralised. Plus Moody's brings credit ratings on-chain, the first US operating-company STO launches on Solana, and SOL trades below its 20-day EMA at $71.65 despite strengthening ecosystem fundamentals.
Audio is available on Spreaker — see link below.
Kraken just plugged directly into Solana's decentralized exchange layer, giving its users access to thousands of Solana tokens without leaving the platform. That went live June eighteenth, and the question worth asking immediately is whether this is a bridge between centralized and decentralized finance, or a competitive threat to the native DEX venues that have been building that access themselves.
Orca has been the volume leader on Solana, posting sixty-four point seven five percent fee growth over thirty days with a hundred and sixty-two million dollars in daily volume. Those are real numbers, not projections.
Two other developments landed this week that belong in the same institutional infrastructure frame. Moody's extended its Token Integration Engine to Solana, embedding credit ratings directly on-chain for tokenized bonds.
On the protocol research side, Anza and researchers from a16z published the Gatling consensus protocol this week, achieving ten millisecond slot times and two hundred and fourteen millisecond transaction latency through parallel consensus composition. The benchmarks are concrete.
SOL is trading at seventy-one dollars and sixty-five cents, below its twenty-day exponential moving average at seventy-two dollars and twenty-six cents. Bitcoin dominance is at fifty-six point two percent.
The near-term watchpoints are specific. Watch on-chain DEX volume data in the week following Kraken's integration to see whether native venue activity rises or compresses.
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