A surge in tokenized equity trading helped drive fresh momentum across the Solana ecosystem, while Aave’s founder signaled potential token buybacks under a forthcoming framework update.

Bitcoin (BTC) stabilized near the $60,000 level on Friday following a week of declines, but gains were led by DeFi tokens and assets tied to Solana.

Aave’s token (AAVE) stood out, rising 19% over the past 24 hours. The jump followed reports that crypto exchange Kraken is exploring a strategic investment in the protocol, potentially acquiring a 15% stake at a $385 million valuation.

Founder Stani Kulechov dismissed speculation that Aave assets could be sold at discounted prices, emphasizing that all protocol revenue — currently estimated at $134 million annually — flows to the Aave DAO, benefiting token holders under the newly introduced “Aave Will Win” framework.

He also previewed “Aavenomics 3.0,” an upcoming redesign of the token model that is expected to include an automated buyback mechanism.

Meanwhile, Solana (SOL) and its ecosystem outperformed the broader market, with SOL gaining nearly 10% on the day.

Trading in tokenized stocks continued to accelerate, exceeding $2.5 billion in weekly volume — roughly ten times higher than a month ago, according to RWA.xyz. This surge has given Solana more than 80% dominance in tokenized equity trading across blockchains.

The increased activity lifted several Solana-based DeFi tokens, particularly those tied to trading infrastructure.

Jito (JTO), which powers the network’s largest liquid staking protocol and recently introduced a trading platform, surged 30%. Tokens of decentralized exchanges Raydium (RAY) and Meteora (MET) rose around 7%, while lending and liquidity platform Kamino Finance (KMNO) gained 9%.