Solana Sees Record ETF Inflows Amid Surging Onchain Activity

Solana's ETF inflows have reached an all-time high of $1.22 billion, with $33.5 million pouring in on Monday alone, the largest single-day haul this year.

This surge marks five consecutive days of inflows, a trend that started after Solana and Chainlink products staged an April rebound from earlier ETF outflows.

The network's onchain activity has also increased significantly, with 4.2 billion transactions processed in July, a 91% rise since December last year. This growth can be attributed to the recent lift in block limits by 66%, as well as the growing adoption of tokenized real-world assets.

Notably, Solana's meme coin spot trading volume has reached an all-time high of $5.2 billion in mid-August, contributing to the surge in onchain activity.