Key Highlights
- Solana posted approximately 46% gains in August, breaking a ten-month downward trend
- Cumulative net inflows into U.S. spot Solana ETFs have reached $1.34 billion since their October 2025 debut
- Charles Schwab revealed it will provide SOL access to its 39 million brokerage clients
- The network’s “Double Disinflation” governance proposal succeeded, reducing the rate of new SOL issuance
- A major Transaction V1 protocol enhancement arriving September 9 will expand maximum transaction capacity from 1,232 to 4,096 bytes
Solana (SOL) is currently changing hands near $101 on Monday following a peak at $110.38 on August 27, marking its strongest price point since late January. The digital asset has delivered approximately 46% returns throughout August, finally breaking a streak of ten consecutive monthly declines.
While August’s rally has been impressive, SOL continues trading significantly below its January 2025 peak near $293. Reaching that all-time high would require an additional 63.5% climb from today’s price levels.
Market analyst Seth (@seth_fin) highlighted that SOL exchange-traded funds just posted their largest single-day inflow on record, posing the question “Who is buying?” ā suggesting substantial institutional participation in the recent uptick.
Technical analyst @cryptoxlarg observed on X that while SOL has experienced downward pressure on lower timeframes, the weekly chart shows a developing falling wedge formation. They cautioned that a breakout above the upper resistance line could trigger a rapid short squeeze, urging traders to “Watch SOL closely.”
Wall Street Appetite Grows
Since their October 2025 introduction, U.S. spot Solana exchange-traded funds have accumulated $1.34 billion in total net inflows. The most recent week brought $153.87 million in fresh capital across nine straight days of positive movement.
Bitwise’s BSOL product, which offers staking exposure, has surpassed $1 billion in total assets. Investment giant Goldman Sachs revealed approximately $88 million in Solana ETF holdings in its most recent regulatory disclosure.
On August 27, Charles Schwab confirmed it will integrate spot SOL into its Schwab Crypto offering. The financial services firm oversees more than $12 trillion in client capital spread across approximately 39 million user accounts.
Meanwhile, Defi Development Corp., a corporate SOL accumulator, acquired 19,000 SOL tokens at an average entry of $98.14, expanding its treasury to roughly 2.33 million SOL.
Protocol Changes and Token Economics
Solana successfully executed its inaugural binding onchain governance decision. The “Double Disinflation” measure secured 67% approval, effectively doubling the yearly disinflation speed from 15% to 30%. This adjustment will decelerate the introduction of new SOL into the market, with projections indicating approximately 18.9 million fewer SOL tokens over a six-year horizon.
Transaction Volume Reaches New Heights
The Solana blockchain handled 4.2 billion transactions throughout July, representing a 13.5% increase from June and roughly 91% growth compared to December 2025. During the week spanning August 17ā23, the network established a fresh weekly benchmark with 1.32 billion non-vote transactions.
The upcoming Transaction V1 enhancement, slated for September 9, will expand maximum transaction capacity from 1,232 bytes to 4,096 bytes. An accompanying rent fee adjustment could slash onchain storage expenses for application builders by as much as 90%.
During SOL’s ascent toward $109 in August, more than $16 million worth of short positions were forcibly closed, based on Coinglass tracking data.
From a technical perspective, SOL maintains position above critical support levels including its 50-day exponential moving average at $85.05 and 200-day EMA at $89.71, with near-term support established around $98.02.
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