Solana Ecosystem Poised for Growth as Figment Targets Strategic Acquisitions

Toronto-based blockchain services provider Figment is aggressively expanding through acquisitions, capitalizing on a more relaxed regulatory environment in the United States. The company is targeting deals worth $100 million to $200 million, with a focus on firms embedded in high-potential blockchain ecosystems such as Cosmos and Solana. CEO Lorien Gabel emphasized the strategic alignment with ecosystems driving innovation and adoption in the blockchain space. This move signals strong confidence in the growth potential of these ecosystems, particularly Solana, which has been gaining traction due to its high-speed and low-cost transactions. Figment’s expansion strategy underscores the increasing institutional interest in blockchain infrastructure and the broader cryptocurrency market. As regulatory clarity improves in the U.S., companies like Figment are well-positioned to capitalize on the burgeoning demand for blockchain solutions. The focus on Solana and Cosmos highlights the importance of scalable and interoperable blockchain networks in the next phase of crypto adoption. Investors and market participants should keep a close eye on these developments, as they could have significant implications for the future valuation and adoption of these ecosystems.

Figment Pursues Strategic Acquisitions Amid Favorable US Regulatory Climate

Toronto-based blockchain services provider Figment is aggressively expanding through acquisitions, capitalizing on a more relaxed regulatory environment in the United States. The company is targeting deals worth $100 million to $200 million, with a focus on firms embedded in high-potential blockchain ecosystems such as Cosmos and Solana.

CEO Lorien Gabel emphasized the strategic alignment with ecosystems driving sector consolidation. The regulatory shift in the US has injected renewed confidence into crypto markets, accelerating institutional participation.

Figment Eyes Up to $200M Worth of Acquisitions in Crypto M&A Push

Figment, a leading blockchain staking service provider, is aggressively pursuing acquisitions as the crypto industry experiences a wave of consolidation. The Toronto-based firm aims to spend between $100 million and $200 million on targets with strong regional footprints or expertise in blockchain ecosystems like Cosmos and Solana. CEO Lorien Gabel confirmed term sheets have already been issued for select deals.

The company specializes in institutional staking services, currently securing $15 billion in staked assets across blockchain networks. With 150 employees, Figment’s expansion comes amid growing Optimism about U.S. regulatory clarity fueling crypto M&A activity.

Solana’s Natix Partners with Grab to Expand DePIN Mapping in U.S. and Europe

NATIX, a decentralized physical infrastructure network (DePIN) operating on Solana, has announced a strategic collaboration with Southeast Asian ride-hailing giant Grab. The partnership aims to enhance mapping technologies by leveraging Grab’s crowdsourced data and hardware capabilities.

Grab, primarily known for its transportation services, will utilize NATIX’s blockchain-based infrastructure to expand its mapping operations into Western markets. "We handle data collection and jointly monetize the output," said NATIX co-founder Alireza Ghods. The deal involves Grab purchasing geospatial data from NATIX to build its mapping pipeline for American and European markets.

Solana’s Stealth Upgrade Stirs Decentralization Concerns

Solana’s validator team executed a covert emergency patch in mid-April to address a critical vulnerability that could have enabled unlimited token minting and wallet drain attacks. The flaw, never exploited, was quietly resolved without public disclosure until a May 2 postmortem by the Solana Foundation revealed the behind-the-scenes coordination.

The incident has reignited debates about the network’s decentralization credentials. Critics highlight the opacity of the process—where CORE validators implemented two rapid fixes on April 17 without community consultation—as evidence of centralized decision-making. While no funds were compromised, the lack of transparency during the remediation process contradicts blockchain’s foundational principles of open participation.

Market observers note growing scrutiny of Solana’s governance model following high-profile outages in 2022. "Protocols walk a tightrope between efficiency and ideology," said a blockchain architect at Token Terminal. "But when critical decisions happen in private Telegram groups, it’s worth asking whose chain it really is."