Turbo Energy is taking a major step toward merging renewable infrastructure with blockchain technology through a new pilot focused on tokenized debt financing. The initiative, developed in collaboration with Taurus and the Stellar Development Foundation, explores how tokenization can improve access to capital for solar energy projects and create new liquidity paths within the Stellar ecosystem.

A Push to Modernize Green Energy Financing

The pilot centers on issuing tokenized debt instruments for solar development, using Stellar’s blockchain as the underlying asset management and settlement layer.
Turbo Energy CEO Luca Marangoni said the collaboration aims to unlock modern financing models for clean energy, noting:

“We are excited to lead the way in tokenized debt financing for renewable energy infrastructure, unlocking new avenues for investment and sustainability.”

The partnership positions blockchain as a tool for expanding investment channels in sectors that have historically struggled to secure flexible, transparent funding.

How the Pilot Works

Key collaborators—Turbo Energy, Taurus, and the Stellar Development Foundation—are working to structure renewable energy financing products directly on Stellar. By tokenizing debt, the project introduces a hybrid model that blends traditional infrastructure financing with the speed and transparency of blockchain rails.

Although financial details have not been disclosed, the project aligns with broader market trends: the global Energy-as-a-Service sector is valued in the billions, and demand for alternative green financing continues to rise.

Potential Impact on Stellar’s Network

The pilot could strengthen Stellar’s positioning in the real-world-asset (RWA) segment by bringing energy-linked financial activity onto the network. While immediate effects on the XLM token are expected to be modest, the project may:

• Increase liquidity circulation tied to solar development
• Attract institutions seeking blockchain-based green assets
• Encourage further exploration of tokenized infrastructure products

The effort does not involve governance changes or regulatory updates to Stellar, but it could influence long-term utility if adoption scales.

Looking Ahead

Tokenized debt for renewable energy remains an emerging field, and this pilot provides a practical test case for how blockchain can support large-scale infrastructure. If successful, it may help establish a template for decentralized financing models across solar, wind, storage, and other sustainability-focused sectors.

The collaboration signals growing interest in using blockchain not only for digital assets but also for real-world environmental impact—an area where institutional investors are increasingly active.

Aster’s rapid rise has sparked renewed interest in protocols offering similar trading tools—and one platform in particular is capitalizing on the moment. HumidiFi, a Solana-based dark-pool DEX, has seen a major surge in use over the past few days, even outperforming Orca and Meteora as traders look for deeper liquidity and more private executions.

HumidiFi Breaks Into Solana’s Top 3 Protocols

Riding the momentum created by Aster, HumidiFi has climbed into the top three Solana protocols, thanks to soaring demand for dark-pool trading—an execution style often used by institutional traders to avoid slippage, front-running, and visible on-chain footprints.

Unlike public DEXs or concentrated liquidity pools, dark pools (or proprietary market-maker pools) hide trade intentions and reduce exposure to bots and whale-tracking activity. This privacy advantage is quickly gaining traction.

Over the past week alone, HumidiFi recorded $8.55 billion in trading volume, with a record-breaking $1.91 billion in daily volume on September 25, its highest ever.

The protocol has also moved in tandem with ZeroFi and SolFi, although both have slowed recently—ZeroFi in particular is hovering near all-time low volume.

A Rising Giant in Solana’s Trading Ecosystem

During high-traffic periods on Solana, HumidiFi has ranked among the top-performing DEXs—handling up to 15% of all on-chain trading volume despite not having a public retail front-end.

HumidiFi operates as a closed, single market-maker pool. It’s not permissionless, but its liquidity depth, tight spreads, and low slippage make it appealing for high-volume traders. It is especially popular for SOL/USDC trading, one of Solana’s most active pairs.

Dark Pools: A Defense Against Sandwich Attacks

Solana’s ecosystem has increasingly turned to dark-pool infrastructure to protect traders from MEV exploits like sandwich attacks. Bot-driven front-running still extracts millions—more than $4 million in just 10 days—on the network.

While Raydium remains the top retail DEX on Solana, big traders and whales prefer the privacy and reduced slippage of HumidiFi and Aster-style pools. These private pools avoid on-chain broadcasting of trade intentions, making it much harder for bots or speculators to counter-trade.

Even though dark pools are hidden from public view, they still process massive volumes, proving that private liquidity is becoming a core part of Solana’s trading landscape.

Dark Pools Are Fueling Jupiter’s Growth

The surge in dark-pool activity has also boosted Jupiter, Solana’s leading liquidity aggregator and perpetuals platform. Jupiter lets users route orders through various AMMs, including the dark pools that don’t have public interfaces.

In many cases, Jupiter’s activity reflects HumidiFi’s impact behind the scenes.
On the busiest days:

• HumidiFi accounts for up to 80% of all SOL/USDC routing on Jupiter
• SolFi and other smaller dark pools add additional flow

Even with persistent meme-token traffic, HumidiFi is the primary source of large SOL/USDC orders inside Jupiter’s routing engine.

Dark-Pool Activity Climbs as SOL Rebounds

Dark-pool trading surged when SOL briefly dipped below $200, as sophisticated traders sought efficient, low-slippage execution. SOL has since recovered to $208.22, supported by a rise in overall liquidity.

USDC inflows have been a key factor:

• Total stablecoin supply on Solana: 13.79B USDC-equivalent (+7.15% in a week)
• USDC supply alone: 9.65B (+10% over the past month)

Growing liquidity naturally increases demand for SOL/USDC trading—HumidiFi’s primary strength.

Conclusion

HumidiFi’s ascent mirrors a broader shift inside Solana’s ecosystem. As demand grows for safer, more private execution with minimal slippage, dark-pool trading is moving from a niche tool to a mainstream necessity.

Following Aster’s breakout, HumidiFi is now proving that privacy-focused DEX models can compete with—and even surpass—traditional public trading venues.

Michael Saylor’s company, Strategy, is taking its Bitcoin playbook to Europe. The firm announced plans to launch a euro-denominated stock offering, marking another aggressive step in its long-running mission to accumulate as much Bitcoin as possible.

On Monday, Strategy filed for the issuance of 3.5 million perpetual shares under the ticker STRE, targeting qualified investors across the European Union and the United Kingdom.

A Euro-Based Offering to Fuel Bitcoin Purchases

The purpose of the new share offering is straightforward:
Raise euros → Buy more Bitcoin → Support operations.

The perpetual shares come with a 10% annual cumulative dividend on a face value of €100, paid out quarterly starting December 31.

The offering is strictly limited to qualified EU and UK investors—not retail buyers. Strategy continues to position itself as the dominant Bitcoin-focused public company, now holding 641,205 BTC, acquired at a combined cost of roughly $47.49 billion.

Earlier in November, the company added another 397 BTC, staying true to the accumulation strategy it has followed since mid-2020. Saylor’s key model remains consistent: issue equity and debt → use the capital to expand its Bitcoin treasury.

A Model That Sparked an Industry Trend

Strategy’s blueprint has inspired a wave of imitators—firms that have raised billions to build their own crypto treasuries. Despite this rising competition, Saylor reaffirmed that the company has no intention of pursuing mergers or acquisitions, even when they appear financially attractive.

Instead, he emphasized that Strategy remains committed to its core approach:
sell digital credit, raise capital, and systematically buy Bitcoin.

Some analysts, however, are cautious. As more crypto treasury firms emerge, they warn that consolidation may eventually be necessary for long-term sector stability.

Major Financial Institutions Back the Offering

Big-name financial players are involved in running Strategy’s European share sale, including:

• Barclays
• Morgan Stanley
• Moelis
• TD Securities

The STRE share issuance represents Strategy’s latest attempt to diversify its capital-raising channels beyond traditional U.S. dollar–denominated securities.

And with Bitcoin currently trading above $104,000, the company’s holdings now reflect massive unrealized profits compared to its average purchase price.

A Company Redefining Corporate Crypto Strategy

Strategy continues to reshape how companies think about treasury management and capital allocation in the digital age. Its move into Europe reinforces its determination to access new capital markets—and convert that capital into even more Bitcoin.