NEAR Unlocks Sub-Second Finality

NEAR just raised the bar on blockchain performance with the rollout of “optimistic blocks,” enabling 600ms block times and 1.2s finality. This makes NEAR one of the fastest chains for secure, irreversible transactions on mainnet today. The upgrade also strengthens support for AI agents and real-time dApps, enabling composable execution without confirmation delays. Combined with its recent sharding expansion from 6 to 8 shards in a single block, NEAR is quietly building one of the most scalable and UX-ready blockchains in Web3.

Phantom Launches PSOL

Phantom has entered the LST space with the launch of PSOL—its native liquid staking token for Solana. In just two days, PSOL has surpassed $6M in market cap with over 4,000 unique holders, according to Seoul’s dashboard. The move lets users earn SOL staking rewards while retaining liquidity and directly supports Solana’s security. As wallets become full-stack platforms, Phantom’s LST adds a new layer of utility and deepens its role in the Solana ecosystem.

For more on Phantom and wallet trends, check out our just-released Wallet Report.

Stellar Rises in the RWA Race

Per 21.co’s dashboard, Stellar recently hit an all-time high of nearly $500M in tokenized asset market cap, ranking second after Ethereum with a 7.7% market share. While it has slightly retreated since, Stellar’s growth—driven largely by government securities—reflects rising momentum in the RWA space. After the stablecoins wave, blockchains are now betting big on tokenizing assets like treasuries, private credit, and commodities.

Solana Memecoin Multiverse

Solana’s memecoin market is far from cooling—if anything, it’s heating up and even diversifying. Per adam_tehc’s data, while Pump.Fun has held a dominant position since Q3 2024 (with over 95% share), April saw a new wave of challengers: Raydium’s LaunchLab, Boop, Believe (formerly Clout), and LetsBonk. The real shake-up came in mid-May—on May 12, Pump’s market share dropped to 56%, its lowest since September, following a surge in token launches on LetsBonk and Believe. With over 40K tokens launched daily across all platforms—the highest rate since mid-February—the memecoin launchpad saga on Solana never fails to deliver new plot twists.

Avalanche Hits MAU Record

Per Hashed's dashboard, Avalanche hit a new all-time high in May with nearly 2 million monthly active users—5x April’s 400K—with 1.6 million new users. Two major launches on May 15 likely contributed: MapleStory N, the first crypto-integrated title from Korea’s gaming giant Nexon, and sBUIDL, the composable ERC-20 version of BlackRock’s BUIDL fund, which became the first tokenized treasury product directly integrated into DeFi by being accepted as collateral on Euler. Together, these events underscore Avalanche’s rising traction across a diverse range of sectors.

Nothing in this newsletter constitutes financial advice.

Always do your own research.

Dune Digest is all about cutting through the noise and surfacing the most relevant on-chain trends. If you have insights, dashboards, or data-driven stories that belong in the Digest, drop your suggestions here.

The data must flow.

Dune Team

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