started · updated
Solana breaks $100 as ETF inflows hit $1.22 billion
Solana (SOL) has experienced a significant market resurgence, breaking through the psychological $100 resistance level. This rally is supported by record-breaking institutional interest, with US-based spot Solana ETFs recording cumulative net inflows exceeding $1.22 billion. The Bitwise Solana Staking ETF (BSOL) has been a primary driver, accounting for approximately 80% of the total capital inflows into Solana ETFs.
On-chain activity has also reached new heights. In July, the Solana network processed 4.2 billion transactions, representing a 13.5% monthly increase. Additionally, the cumulative trading volume for Solana-based perpetual futures platforms has surpassed $1 trillion, driven largely by platforms such as Jupiter Perps and Drift Protocol.
Technical analysts note that while the breakout above $100 signals strong bullish momentum, the asset faces potential resistance in the $110–$125 range. Network upgrades, including the Agave 4.2 release and upcoming consensus improvements aimed at reducing finality times, are expected to further enhance throughput and capacity.
Entities
Apple · Bitwise · CoinGecko · Coinbase · Fidelity · Grayscale · Jupiter Perps · NEAR Protocol · Solana
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 5 SOURCES] Cumulative net inflows for Solana spot ETFs have reached $1.22 billion. www.tronweekly.com · www.nadanews.com · www.it-boltwise.de · abmedia.io · www.ad-hoc-news.de
- [DISPUTED] Solana spot ETFs saw a single-day inflow of $33.5 million, marking a yearly high. www.tronweekly.com · www.nadanews.com · www.it-boltwise.de · abmedia.io · www.ad-hoc-news.de
- [DISPUTED] Solana's price has crossed the $100 mark. www.tronweekly.com · www.nadanews.com · www.it-boltwise.de · www.ad-hoc-news.de
- [○ 1 SOURCE] The SIMD-550 proposal aims to increase the annual disinflation rate from 15% to 30%. www.ad-hoc-news.de
- [○ 1 SOURCE] Proposed tokenomics reforms could reduce SOL token issuance by $1.4 billion to $1.5 billion over six years. www.ad-hoc-news.de
- [● 4 SOURCES] Bitwise's BSOL ETF accounts for roughly 80% of total net inflows into US spot Solana ETFs. www.nadanews.com · www.it-boltwise.de · abmedia.io · www.ad-hoc-news.de
- [● 5 SOURCES] Bitwise's BSOL ETF accounts for about 80% of total cumulative net inflows into US Solana spot ETFs. www.tronweekly.com · www.nadanews.com · www.it-boltwise.de · abmedia.io · www.ad-hoc-news.de
- [○ 1 SOURCE] Network proposals suggest increasing daily token burns from 600–800 SOL to between 7,500 and 9,000 SOL. www.ad-hoc-news.de
- [○ 1 SOURCE] Proposed governance changes aim to double the annual disinflation rate from 15% to 30%. www.ad-hoc-news.de
- [DISPUTED] The price of Solana (SOL) has risen above the $100 mark. www.tronweekly.com · www.nadanews.com · www.it-boltwise.de · www.ad-hoc-news.de
- [● 5 SOURCES] Cumulative net inflows for US spot Solana ETFs have reached $1.22 billion. www.tronweekly.com · www.nadanews.com · www.it-boltwise.de · abmedia.io · www.ad-hoc-news.de
- [○ 1 SOURCE] Solana processed a record 4.2 billion transactions in July. www.cointribune.com