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Solana network activity surges 124% despite $22M ETF outflows in October

Protocol Fundamentals
08 Oct 2026, 17:01 WIB
Tokenpost
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Neutral
Solana network activity surges 124% despite $22M ETF outflows in October

Solana's network has seen a 124% growth since early September, driven by a rise in wallet creation and daily active addresses, which increased 58% to about 4.27 million. The stablecoin ecosystem on Solana also expanded significantly, with over 14 million addresses holding stablecoins and a total supply exceeding $15 billion. However, institutional interest via U.S.-listed Solana ETFs has weakened, with net outflows surpassing $22 million in October after a strong inflow of $271 million in September. This divergence highlights growing user activity on the network despite reduced institutional investment in spot SOL products.

Despite Solana's network growth surging 124% since early September, SOL's price on Pluang stands at Rp2.016.903 as of Oct 08, 2026 21:15 WIB, down 2.65% in the past day. Its market cap is Rp1.181,44 trillion, with a balanced 50% sell and 50% buy order activity, indicating steady trading interest. This contrasts with the large October ETF outflows noted in the news, showing that retail trading on Pluang remains active even as institutional flows weaken.

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