The dark horse of RWA perpetual contracts on Solana: XStable raises millions of dollars in funding and receives support from Solaris Accelerator until 2026

OnChainDetective · 2026-01-12T07:42:13+00:00

XStable secures millions of dollars in funding, becoming the first decentralized trading engine on the Solana blockchain focused on precious metal perpetual contracts. The team has extensive exchange experience, and the funding will be used for protocol development and ecosystem expansion. The project aims to promote on-chain trading of high-value RWA assets, aligning with the goals of the Solana Solaris Accelerator.

OnChainDetective

2026-01-12 07:42:13

Abstract generation in progress

【Blockchain Rhythm】The Solana ecosystem has gained an interesting new player. Silicon Valley team XStable just announced the completion of a multi-million dollar seed round of funding and officially revealed their selection into the Solana Solaris Accelerator 2026 program. This funding was co-led by investors from Singapore and Silicon Valley, with participation from numerous Web3 and fintech institutions.

What this project is doing is quite innovative—it is the first decentralized trading engine on the Solana chain focused on precious metals perpetual contracts. It uses high-performance on-chain order books and stablecoin settlements. Currently, four contract trading pairs, including gold and silver, are available in public beta. In other words, users can directly trade precious metal derivatives on-chain in a decentralized manner, eliminating intermediaries while ensuring transparency and security.

Looking at the team’s background, these folks are truly capable. They have operated real precious metals exchanges with substantial trading volumes and have accumulated eight years of experience in Web3 infrastructure, decentralized trading systems, and Solana smart contract development. Such cross-disciplinary experience is rare in the DeFi space.

With the funding secured, the use of funds is clear: protocol development, system security reinforcement, and global ecosystem expansion. The founders stated that this round of funding and ecosystem partnerships will accelerate protocol security optimization and trading experience upgrades, further promoting high-value RWA assets to enter the on-chain market in a decentralized manner. They have already launched a new product iteration focusing on deepening liquidity mechanisms, ecosystem collaboration, and seed user recruitment.

It’s worth noting that the Solana Solaris Accelerator itself is a blockchain startup support program jointly initiated by the Solana Foundation and HackQuest in the Asia-Pacific region. By 2026, the program will focus on supporting sectors like RWA assets and “perpetual contractization.” XStable’s selection confirms that RWA + DeFi is becoming a key focus for the ecosystem.

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WalletWhisperer

· 5h ago

watching xstable's accumulation pattern... those wallet clusters from sg capital moving stablecoins in predictable intervals. statistical significance screaming here, tbh

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BlockchainRetirementHome

· 5h ago

Precious metals perpetual contracts on the chain, this idea is indeed innovative, but how many can truly run smoothly? RWA is currently a hot topic, but I'm worried it's more hype than substance... The Solana ecosystem is really in a frenzy of vampirism, with so many projects that it's overwhelming. Millions of dollars in seed rounds, with such a scale of funding, does the market really buy it? It still depends on trading depth, otherwise it's just air again... The Silicon Valley team plus Singapore capital, this combo is becoming more and more standard. If it can truly leverage the precious metals market, there is definitely room for imagination, but actions speak louder than words. The Solaris accelerator title sounds impressive, but how many projects have actually been successfully incubated? On-chain order books sound high-end, but are the delays and costs really low enough? It feels like there's a new dark horse every week, but how many are still alive after two years... If this round of funding can really produce something, that would be great, but I'm worried it might just be another case of raising funds and then lying flat.

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LiquidityWitch

· 5h ago

Precious metals perpetual? This track is really niche, but it's kind of interesting. The SOL ecosystem is really launching new things one after another, but whether RWA can truly be implemented still depends on the subsequent data. With a Silicon Valley + Singapore background, the financing side is also quite hardcore, just worried it might just be another PPT project.

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SatsStacking

· 5h ago

Precious metals perpetual on-chain? That's an interesting logic, but Solana's speed can indeed handle this kind of transaction volume. XStable's recent funding round has a good background, with a Silicon Valley + Singapore team, it looks serious. RWA (Real-World Asset) projects still require teams that have actually worked in traditional finance; just talking is useless. Solaris Accelerator's endorsement is worth some money, but the key is whether trading depth can pick up. Hey, on-chain trading of precious metal derivatives—are they competing with traditional futures for market share? The biggest risk for such projects is liquidity issues. Let's see how real trading volume looks during the public testing phase. Another RWA newcomer; this sector is really hot this year. Millions in seed funding, does the investor list reveal any signals? These projects definitely burn a lot of money.

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BrokenYield

· 5h ago

rwa derivatives on solana? sure, another "first" protocol with order book infrastructure. let's see how long before the leverage cascade wipes out retail during the next btc dump. funding round looks decent though, ngl - but correlation matrices on commodity perps usually blow up faster than people expect. they'll need serious liquidity buffers or this turns into 2023 all over again.

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AirdropHarvester

· 5h ago

Precious metals perpetual contracts? It still feels a bit risky, and there are quite a few pitfalls in on-chain derivatives. The popularity of RWA is indeed high, but it's hard to say how long projects like these on Solana can survive.

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