Solana sees rising ETF inflows and network activity

Solana is experiencing significant market activity, with its price holding above $120 amid rising participation in decentralized finance (DeFi) and derivatives. Institutional interest has surged, evidenced by US spot Solana ETFs recording record daily inflows, including $86.67 million in a single session, with Bitwise leading the volume.

On the network level, Solana's decentralized exchanges (DEXs) processed approximately 208 million trades in a recent week, surpassing the NYSE's volume for the same period. While transaction fees have increased, analysts note that many trades involve small amounts, impacting the Real Economic Value (REV) generated for validators.

The Solana Foundation is also undergoing strategic leadership changes to bolster its ecosystem. Rachel Conlan, formerly of Binance, has joined as Chief Strategy Officer to manage institutional partnerships, while Jamal Raees has been appointed General Manager of Payments to integrate more payment service providers into the network infrastructure.