Solana Surges Past $100 as Institutional Access and Governance Changes Converge
Solana's price has broken above the $100 mark, marking its strongest monthly advance in years. This breakthrough comes after months of resistance below the psychological level and is part of a larger trend that includes institutional access, ETF activity, and changing tokenomics.
The expansion of Solana on Schwab Crypto, which plans to add SOL, Avalanche, and Chainlink to its platform, provides a significant distribution channel for investors already operating within a traditional brokerage environment. This move by Schwab, overseeing $12 trillion in client assets and with 39 million active brokerage accounts, is substantial.
ETF activity is another indicator of institutional demand, with U.S. Solana-linked products recording sustained inflows. Bitwise's BSOL staking ETF posted a record $126 million in daily trading volume on August 27, taking seven-day turnover to about $500 million.
Solana validators have been voting on proposals that would accelerate disinflation and increase the amount of transaction-related fees permanently removed from circulation. These changes could make SOL's issuance profile more conservative if implemented.