Coinbase Acquires Solana DEX Vector.fun as Tensor Foundation Takes Full Control of NFT Marketplace

Coinbase announced on November 21, 2025, its plan to acquire Vector.fun, a Solana-based decentralized exchange, subject to closing conditions. The Tensor Foundation will operate independently and has acquired full ownership of the Tensor NFT marketplace. TNSR token surged over 200% to $0.27 on November 20, 2025, one day before the announcement, with trading volume reaching $1.36B.