GalaxyOne Launches Retail Crypto-Backed Credit Lines
Solana (SOL)
Editor:
Eugene Serbin
decrypt.co reports that GalaxyOne opened retail crypto-backed credit lines on Tuesday for Bitcoin, Ethereum, and Solana. Eligible clients on the GalaxyOne platform can now borrow cash against these assets without selling their coins. The new Crypto Portfolio Line of Credit (PLOC) allows users to pledge BTC, ETH, and SOL, including staked SOL, within a single revolving line.
GalaxyOne sets a variable annual percentage rate of 8.99% and a 50% origination loan-to-value ratio. Collateral values are monitored continuously, with warnings issued before any collateral actions are taken. Draws fund instantly and can be spent on-platform or withdrawn as USD or USDC stablecoins.
Pledged crypto is not rehypothecated, and staked SOL continues to earn rewards. Zac Prince, Managing Director of GalaxyOne, stated they are excited to bring a competitive product to market via their growing retail platform. The product operates on regulated rails, contrasting with the 2022 collapses of Celsius, BlockFi, and Voyager. GalaxyOne Lending LLC offers the line in 40 states, excluding California, Delaware, Idaho, Indiana, Minnesota, Mississippi, Missouri, Nevada, and South Dakota.
How the market reacted
Whalio's own Binance spot order flow for SOL, measured when this story was written up on 26 August 2026. Not the outlet's figures.
Solana is trading at $102.07 with a 1-hour buy ratio of 47.6%, indicating a short-term shift toward selling pressure. This contrasts with the 4-hour buy ratio of 56.4% and the 24-hour ratio of 53.7%, suggesting that recent selling has diluted earlier buying strength. The 1-hour volume delta is -$1,373,026, showing net outflows in the immediate term, while the 4-hour delta is +$7,424,829 and the 24-hour delta is +$19,185,180. The cumulative volume delta (CVD) for the 24-hour close stands at +$43,272,601. Net buying occurred for 18 of the last 24 hours, with a total spot volume of $257,329,058 and 1,263,515 trades recorded. The data shows that while buying pressure has weakened in the last hour, the broader daily trend remains positive.
The latest daily buy ratio of 48.8% sits at the 27th percentile of the last 322 days, against a median of 50.0% - weaker buying than most days.
Twenty-four hours later
What SOL did over the 24 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for SOL, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 52.5%, with the latest day showing a 1.2 percentage point increase over that average. Volume for the day was 0.57 times the average, indicating lower-than-usual trading activity despite the price rise. The coin experienced net buying on all 7 days of the week, contributing to an 8-day price change of +19.5%. Total volume delta for the 8-day period was +$175,409,002. This represents a period of consistent accumulation, though today's volume is notably subdued compared to the weekly norm.