As the market watches for stabilization after recent macroeconomic jolts and regulatory uncertainty, three blockchain projects—Qubetics, Solana, and Stellar—have been drawing attention for different reasons. Solana has been in focus after VanEck’s Solana Trust appeared on the Depository Trust & Clearing Corporation (DTCC) list, which some observers interpret as a sign of preparatory steps for a potential product launch. According to CryptoSlate, the listing may be relevant for market infrastructure, although it does not by itself confirm approval or a specific launch timeline.
Meanwhile, Stellar (XLM) has seen a shift in derivatives positioning. Data cited by The Coin Republic points to a $613.49 million increase in open interest, a metric that reflects the notional value of outstanding derivatives contracts. While open interest can indicate changing trader activity and leverage, it is not a reliable predictor of future price direction on its own. In parallel, Qubetics has been mentioned in discussions about tokenization, with the project stating that its ongoing token sale has raised more than $18 million.
The Future of Asset Tokenization: Qubetics’ stated focus
Qubetics describes itself as building a Real World Asset (RWA) tokenization marketplace aimed at helping digitize ownership or claims on physical assets. In project materials, the team says the platform is intended to support cross-border issuance and trading workflows and to reduce reliance on intermediaries. These claims have not been independently verified by this outlet.
Common examples used in the tokenization sector include fractionalized interests in real estate, tokenized commodities, or representations of trade-finance instruments. In general, such structures can raise legal, custody, and enforcement questions that depend heavily on jurisdiction, counterparty risk, and the quality of underlying documentation.
The project also says it aims to support connections across multiple blockchains rather than requiring users to operate on a single network. Qubetics has previously referenced an upcoming mainnet launch in Q2 2025, though timelines in crypto projects can change.
Qubetics token sale: reported fundraising figures
According to figures shared by Qubetics, the project has raised more than $18 million and distributed hundreds of millions of $TICS tokens to tens of thousands of holders as part of its token sale. The project has also described planned supply and allocation changes, including a reduced maximum supply and a portion designated as publicly allocated. These figures and terms come from the project and may change; readers should review primary documentation and consider the risks of early-stage token offerings.
Any discussion of potential future token prices or portfolio outcomes is inherently speculative. Past fundraising traction and published tokenomics do not guarantee market demand, liquidity, or future performance.
VanEck’s Solana Trust on the DTCC list: what it may indicate
Solana is under renewed attention after the VanEck Solana Trust appeared on the DTCC list, an entity that provides post-trade market infrastructure in the United States. CryptoSlate noted the development as part of the broader process often associated with bringing exchange-traded products to market. However, a DTCC listing should not be interpreted as confirmation of regulatory approval or a guarantee that public trading will begin by a specific date.
If a U.S.-listed Solana ETF were to become available, it could provide a more familiar access route for some market participants. At the same time, ETF availability does not remove the underlying risks of the asset, including volatility, technology risks, and regulatory developments affecting the broader crypto market.
Separately, Solana’s on-chain activity in areas such as decentralized finance and NFTs continues to be monitored by market participants, though activity levels can vary sharply with market cycles.
Stellar’s open interest rises by $613M, according to report
Stellar has also been in focus due to derivatives market data. The Coin Republic reported a $613.49 million rise in open interest for XLM-related derivatives. Open interest can increase during periods of heightened speculation or hedging activity and may coincide with rising volatility, but it does not determine whether price will move up or down.
The report linked the change to broader sentiment around Layer 1 networks, including those positioned around payments and remittances. Any near-term move in XLM, however, can be influenced by macro conditions, liquidity, and market-wide risk appetite, among other factors.
Stellar remains known for its long-running focus on payments-related use cases, though the pace and direction of ecosystem development can vary over time.
Conclusion: three different narratives, with different risk profiles
Taken together, the three stories reflect different parts of the crypto market: product-structure developments around Solana, derivatives positioning around Stellar, and early-stage fundraising and roadmap claims from Qubetics. None of these factors, on its own, is sufficient to identify a “next bull run” asset, and each carries distinct uncertainties and risks.
This article is for informational purposes only and does not constitute financial or investment advice. This outlet is not affiliated with the project mentioned.
For More Information:
Qubetics (project website, for reference): https://qubetics.com
Twitter: https://x.com/qubetics
FAQs
Which crypto is most likely to lead the next bull market?
There is no reliable way to identify in advance which assets will outperform in a future market cycle. Developments such as ETF-related filings, derivatives positioning, and early-stage fundraising can influence attention, but they do not determine outcomes.
Is the Qubetics token sale still open?
Project materials indicate that a token sale has been ongoing at the time of writing, but terms and availability can change. Readers should verify current status and terms directly with official project documentation.
Why is Solana’s DTCC listing being discussed?
Some market observers view a DTCC listing as a sign that operational preparations may be underway for a potential exchange-traded product. It is not, by itself, confirmation of regulatory approval or a guaranteed launch.
Press releases or guest posts published by Crypto Economy have been submitted by companies or their representatives. Crypto Economy is not part of any of these agencies, projects or platforms. This article is for informational purposes only and does not constitute financial or investment advice.
