Solana Sees Strong Demand Amid Ongoing Network Upgrades

Solana (SOL) continues to attract strong demand from both institutional and retail investors. The asset has seen cumulative net inflows into U.S. spot Solana ETFs reach $1.599 billion as of September 30, 2026, despite a minor outflow that day.

The sustained interest in SOL is bolstered by ongoing network upgrades, with the Alpenglow consensus upgrade now in devnet and testnet. This upgrade aims to reduce transaction finality.

Onchain metrics also show strong support for Solana, with a 45% quarterly jump in transactions and increased wallet activity reported by Pluang. Additionally, Cryptopolitan noted that Solana dominated onchain app revenue for September.