Solana Sees Institutional Surge Amid Major Network Upgrades
- Solana (SOL) rose approximately 46% in August, ending a ten-month losing streak.
- Charles Schwab plans to offer Solana access across its platform, impacting about 39 million accounts.
- Transaction V1 upgrade on Sept. 9 will increase transaction size capacity from 1,232 bytes to 4,096 bytes.
- U.S. spot Solana exchange-traded funds (ETFs) have seen $1.34 billion in net inflows since October.
- Goldman Sachs disclosed $88 million in Solana ETF exposure in its latest filing.
- Solana’s governance vote SGP-0002 passed with a doubled disinflation rate of 30%.
In August, Solana experienced significant growth and institutional interest, highlighted by Charles Schwab’s plans to integrate SOL into its platform and substantial ETF inflows totaling over $1 billion since last October.
The network’s upcoming Transaction V1 upgrade on September is expected to enhance transaction capacity significantly as institutional investments continue to rise.(Source)
