Solana Builds Strong Case for Higher Valuations as ETFs and Network Metrics Surge

Solana (SOL) continues to trade above $126 as institutional adoption and strong on-chain metrics bolster its price. The network’s real-world asset (RWA) ecosystem hit a new high of $873 million, reflecting growing institutional confidence in Solana’s infrastructure.

Inflows into Solana spot ETFs remain consistent, with $10.43 million added this week alone. Total net assets now exceed $950 million, indicating a sustained accumulation trend by institutional investors.

The price of SOL closed above the key resistance level of $126.65 on Thursday, suggesting further upside potential. Technical indicators show positive momentum, which may support a move toward $160.

Why Did This Happen?

Solana’s RWA ecosystem has attracted significant capital, reaching an all-time high of $873 million. This growth underscores the network’s ability to support institutional-grade infrastructure and real-world use cases.

The introduction of spot Solana ETFs in October 2025 has added a new dimension to capital inflows. These funds have recorded over $1.02 billion in net inflows since launch, reflecting strong demand from traditional investors seeking exposure to Solana without managing private keys.

Decentralized applications (dApps) on the network generated over $4 million in revenue in a single 24-hour period. This level of activity highlights the growing economic footprint of Solana’s ecosystem.

Analysts are closely monitoring the performance of Solana ETFs, which could influence broader capital flows into the asset. If the trend continues, the net inflows may further bolster demand for SOL and potentially drive the price toward $200 by the end of 2026.

The chain’s ability to maintain low transaction costs is another key focus area. With average fees falling to $0.017 and median fees at $0.0011, Solana remains a cost-effective platform for high-frequency trading and token creation.

Stablecoin supply on the network reached $14.8 billion at the end of 2025, more than doubling year-on-year. The dominance of USDC and the introduction of new stablecoins like JupUSD further reinforce the network’s role in global settlement and payments.

What This Means for Investors

The continued growth in Solana’s ecosystem metrics—such as app revenue, DEX volume, and wallet activity—suggests the network is moving beyond speculative trading into a more economically substantive role. Applications built on Solana generated $2.39 billion in revenue in 2025, reflecting a maturing platform.

Investors should note that Solana’s Total Value Locked (TVL) has grown significantly since 2024, now representing nearly $35 billion in user assets. This indicates that users are not only transacting but also holding capital within the network.

The performance of Solana ETFs and the network’s growing institutional adoption could have a material impact on long-term price trends. As more traditional investors allocate capital to crypto through these funds, the demand for SOL may continue to rise, supporting higher valuations.