Solana surges in users, but ETF inflows weaken
🚀 1.71 million new wallets created every day
According to Santiment, Solana network growth has jumped 124% since the beginning of September, with about 1.71 million new wallets created each day.
The number of daily active addresses also rose 58% to around 4.27 million wallets, indicating that not only are new users increasing, but real activity on the network is expanding as well.
💵 Stablecoins on Solana continue to boom
There are now more than 14 million addresses holding stablecoins on Solana, surging strongly compared with fewer than 4 million at the end of 2024.
Total stablecoin supply on the network has also surpassed $15 billion.
📉 ETF cash flows go against the trend again
In September, US spot SOL ETFs attracted more than $271 million, but October started less positively, with net outflows of more than $22 million so far.
SOL is currently trading around $115. Analyst Ali Martinez believes $114 is a key support level; if that zone is lost, the price could retreat to about $111.
🚀 1.71 million new wallets created every day
According to Santiment, Solana network growth has jumped 124% since the beginning of September, with about 1.71 million new wallets created each day.
The number of daily active addresses also rose 58% to around 4.27 million wallets, indicating that not only are new users increasing, but real activity on the network is expanding as well.
💵 Stablecoins on Solana continue to boom
There are now more than 14 million addresses holding stablecoins on Solana, surging strongly compared with fewer than 4 million at the end of 2024.
Total stablecoin supply on the network has also surpassed $15 billion.
📉 ETF cash flows go against the trend again
In September, US spot SOL ETFs attracted more than $271 million, but October started less positively, with net outflows of more than $22 million so far.
SOL is currently trading around $115. Analyst Ali Martinez believes $114 is a key support level; if that zone is lost, the price could retreat to about $111.