Solana Tries To Turn Fear Into FOMO — Can STRIDE Really Stop The Next $300M Rug?

bitcoinistPublished on 2026-04-07Last updated on 2026-04-07

Abstract

The Solana Foundation has launched a new security initiative called STRIDE (Solana Trust, Resilience and Infrastructure for DeFi Enterprises) in collaboration with Asymmetric Research. This framework is designed to continuously assess and oversee the security of projects built on Solana through an eight-pillar system, with results made public. Alongside STRIDE, the Solana Incident Response Network (SIRN) was introduced—a coalition of security firms focused on threat intelligence and coordinated responses to hacks. These efforts follow a recent $286 million exploit on the Drift Protocol and represent a shift toward continuous, foundation-funded security monitoring rather than one-time audits. While these measures may help restore trust, new exploits on unaudited protocols could still face severe market reactions.

The Solana Foundation has unveiled new security initiatives framed as a “new wave” of ecosystem security.

Solana Attempts To Rebuild The Trust

This Monday, the Solana Foundation announced on a blog post the launching, in collaboration with Asymmetric Research, of the STRIDE (Solana Trust, Resilience and Infrastructure for DeFi Enterprises) program. STRIDE is an organized framework designed to continuously assess and oversee the security of projects built on the ecosystem.

According to Assymetric Research’s own blog post, STRIDE works as an eight‐pillar security framework that will carry out independent reviews of ecosystem protocols to verify they comply with it. The results of these assessments will be released publicly, giving users and investors clear visibility into the safety of the platforms they use.

In parallel to STRIDE, the foundation also released the Solana Incident Response Network (SIRN), a member‐driven coalition of security companies and researchers focused exclusively on the Solana ecosystem. According to the blog post, founding participants of the membership-based network include Asymmetric Research, OtterSec, Neodyme, Squads, and ZeroShadow. SIRN is the “war room”, sharing threat intel and coordinating live hack responses across the ecosystem.

The new initiatives sit on top of existing tools like Hypernative, Range, Riverguard, Sec3, and AuditWare, which are offered free to builders to harden code from day one. This is a core shift away from one‐off audits toward continuous, foundation‐funded monitoring, public security reports and coordinated incident response.

A Shift In Security Protocols, But A Shift In Sentiment?

These moves directly follow the April 1st $286 million attack on the Solana-based Drift Protocol that ended up being attributed to North Korean hackers.

The blog post, however, makes no mention of the attack. Despite that, it does spell out the need to strengthen the security services the foundation offers.

Solana was built for security. And as the ecosystem scales, the stakes scale with it (...) Solana Foundation has a long history of dedicating resources to ensure that security services and tools are available to the ecosystem.

While it is true that security headlines and follow‐through on STRIDE/SIRN may help repair sentiment after the Drift shock, any new exploit on an unevaluated protocol could be punished harder.

At the moment of writing, SOL trades for exactly $80 on the daily chart. Source: SOLUSD on Tradingview.

Cover image from Perplexity. SOLUSD chart from Tradingview.

Trending Cryptos

Related Questions

QWhat is the name of the new security program launched by the Solana Foundation and Asymmetric Research?

AThe new security program is called STRIDE, which stands for Solana Trust, Resilience and Infrastructure for DeFi Enterprises.

QWhat is the primary function of the Solana Incident Response Network (SIRN)?

ASIRN is a member-driven coalition of security companies and researchers that acts as a 'war room', sharing threat intelligence and coordinating live hack responses across the Solana ecosystem.

QWhich major security incident on the Solana ecosystem preceded the announcement of these new security initiatives?

AThe initiatives directly follow the April 1st $286 million attack on the Solana-based Drift Protocol, which was attributed to North Korean hackers.

QHow does the STRIDE program aim to improve security for users and investors?

ASTRIDE conducts independent reviews of ecosystem protocols and publicly releases the results of these assessments, giving users and investors clear visibility into the safety of the platforms they use.

QWhat core shift in security approach do these new initiatives represent?

AThey represent a core shift away from one-off audits toward continuous, foundation-funded monitoring, public security reports, and coordinated incident response.

Related Reads

Dialogue with Jia Hang | Looking Back at Two Decades of Chinese Payment Going Global

**Summary: A Conversation with Jia Hang on Two Decades of China's Payment Globalization** Jia Hang, a veteran with over twenty years in payments, reflects on China's attempts to build a global payment network through three key phases: UnionPay (card networks), Alipay+ (digital wallets), and now, stablecoins. His journey began at UnionPay International, aiming to establish China's card network abroad. While successful in following Chinese tourists ("where Chinese go, UnionPay goes"), it struggled to achieve true global scale. The core lesson: card networks like Visa/Mastercard's unassailable advantage isn't just technical standards, but their deeply entrenched **governance and profit-sharing models** that create powerful network effects. Competing as the "same species" is nearly impossible. At Ant Group, he led Alipay+, a strategy to bypass card networks by interconnecting local e-wallets worldwide. While innovative, it faced a similar ceiling. Mobile QR payments and card swipes were essentially **the same species competing for the same pie**, lacking a disruptive value proposition for users or a sustainable new incentive model to replace the card networks' established flywheel. Today, at Singapore's DCS, Jia focuses on stablecoin-based payments. He argues stablecoins represent a fundamental shift. They are not competing with Visa for consumer payments but challenging the **traditional banking and account system for value movement**. Products like "U Cards" (stablecoin-linked payment cards) are transitional, leveraging existing card networks for acceptance while building new rails. The real potential lies in stablecoins enabling seamless, low-cost global value transfer, potentially reorganizing the financial infrastructure around **accounts rather than cards**. Jia believes stablecoin adoption for local retail payments, cross-border transactions, and as high-yield savings vehicles is becoming irreversible. This could gradually reduce reliance on traditional fiat channels, especially in regions with weak currencies or capital controls. The quest for the "next global payment network" continues, now centered on whether stablecoins can successfully bridge Web2 and Web3, establish new governance, and create compelling user value beyond mere cost reduction.

marsbit10m ago

Dialogue with Jia Hang | Looking Back at Two Decades of Chinese Payment Going Global

marsbit10m ago

Circle's Stock Price Plunges 76%, Hong Kong Dollar Stablecoin Set to Launch Within Two Weeks

Circle's stock price has plunged approximately 76% from its 2023 peak, reflecting a major market revaluation. Despite this, Circle President Heath Tarbert emphasized the company's focus on long-term execution and its dominant position with USDC's $73 billion circulation across 34 blockchains. The competitive landscape is intensifying. A new consortium-backed stablecoin, Open USD, is attempting to challenge incumbents by sharing reserve yields with partners. More significantly, Visa's new stablecoin platform, initially supporting Open USD while also being compatible with USDC, could erode Circle's network effects. In response, Circle is expanding into real-world payments through partnerships like the one with Japan's JCB. Separately, Tether (USDT) faces a two-year compliance window under new U.S. regulations, requiring it to adjust its reserve composition away from assets like Bitcoin and loans towards cash and U.S. Treasuries. Meanwhile, in Hong Kong, Standard Chartered-backed fintech firm Dian Dian is poised to launch a licensed HKD-pegged stablecoin (HKDAP), moving the industry into a phase where the real test is integrating licensed stablecoins into actual payment flows and corporate treasury systems. The sharp decline in Circle's stock underscores a broader shift: the stablecoin market is moving from a winner-takes-all dynamic to a multi-player competitive arena where execution, compliance, and real-world utility are becoming paramount.

marsbit11m ago

Circle's Stock Price Plunges 76%, Hong Kong Dollar Stablecoin Set to Launch Within Two Weeks

marsbit11m ago

Amidst Capital's Encirclement, Decentralization is the Sole Defense for Public Blockchains

In a landscape dominated by power and profit motives, the author argues that decentralization is not merely one desirable feature among many in blockchain design—it is the singular, non-negotiable defense against corporate and capital capture. The article adopts a Machiavellian, realist perspective on human institutions, positing that businesses will inevitably attempt to co-opt any valuable network to protect their profits and dominance. While external attacks like 51% forks are often discussed, the greater existential risk is internal capture—the gradual erosion of a protocol’s neutrality by vested interests, as seen historically with platforms like Visa and Google. The piece critiques permissioned chains, highly centralized “permissionless” layer-1s, and layer-2s without sufficient decentralization (e.g., single sequencers) as inherently vulnerable. These compromised systems, promoted by established financial players, are framed as delaying tactics to stifle truly open networks that threaten existing high-fee, inefficient business models. Real-world examples, such as closed enterprise consortiums that exclude competitors, illustrate how such systems cement oligopolies rather than foster innovation. The author concludes that while decentralized protocols like Ethereum are imperfect and costly to operate, they represent the only viable long-term equilibrium. In a market where value naturally flows to the most secure and neutral settlement layer, only maximally decentralized public blockchains can resist being subsumed by capital and powerful incumbents.

Foresight News21m ago

Amidst Capital's Encirclement, Decentralization is the Sole Defense for Public Blockchains

Foresight News21m ago

Who Decides the Rules of Bitcoin? BIP-110 Ignites Governance Debate

Bitcoin's governance is once again at the center of a heated debate, this time ignited by BIP-110, the "Reduced Data Temporary Softfork." This proposal aims to curb non-monetary data (like inscriptions and Runes) by introducing seven new consensus-layer restrictions over a year, such as limiting new output scripts to 34 bytes and restoring the OP_RETURN cap to 83 bytes. The controversy stems from BIP-110's fundamental shift: it moves the battle against "spam" from node relay and miner policies to the consensus layer, rendering currently valid transactions invalid. Supporters, arguing that default policy governance has failed (highlighted by Bitcoin Core v30's relaxation of OP_RETURN limits), see this as necessary to protect node resources and Bitcoin's monetary focus. Opponents, led by figures like Michael Saylor and Adam Back, warn it dangerously centralizes governance. Saylor listed 110 reasons against it, criticizing its low 55% miner activation threshold and potential for chain splits. Back emphasized Bitcoin's "permissionless" ethos, arguing no single group should impose value judgments via consensus rules. Further complicating matters, technical critiques suggest BIP-110 may be technically circumventable, and a "BlockSlop" vulnerability in its upgrade path poses a consensus risk. The debate has drawn in diverse stakeholders: miners (with pools like Ocean signaling support and Foundry polling clients), node operators (like Bitcoin Knots), and new players like corporate treasury holder MicroStrategy (Saylor), whose market influence adds a novel dimension. Ultimately, BIP-110 acts as a governance stress test, exposing the unresolved question: who decides Bitcoin's rules? It pits the authority of miners, node operators, developers, and capital holders against each other, with each side claiming to defend Bitcoin's core principles of neutrality and security.

marsbit38m ago

Who Decides the Rules of Bitcoin? BIP-110 Ignites Governance Debate

marsbit38m ago

Trading

Spot

Hot Articles

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of SOL (SOL) are presented below.

活动图片