Solana Surges to New Heights with Record-Breaking August Performance

August marked a significant month for Solana, as the network's performance and adoption skyrocketed. On August 27, Charles Schwab announced that it would add Solana (SOL) to its brokerage platform, making it available to 39.9 million accounts.

This move was followed by Bitwise's Solana Staking ETF (BSOL) crossing $1 billion in assets under management on August 28, becoming the first Solana ETF to reach this milestone.

Meanwhile, Western Union launched Stablecard on Solana via Rain and USDPT, allowing users to hold digital dollars and spend them anywhere Visa is accepted. Cash App also integrated with Solana, giving its consumer user base direct access to Solana-based assets and transfers.

Solana's treasury company, DeFi Development Corp (DFDV), announced plans to issue up to $20 million in variable-rate Series C perpetual preferred stock at $10 per share with an initial 13% annualized dividend. This marks the first time a Solana treasury company has reached the capital markets sophistication tier of preferred stock issuance.

Agave 4.2 shipped, featuring improved performance with 200ms slot times, 3.3x transaction sizes, and a 90% rent reduction in a single release. Solana's on-chain governance vote passed SGP-0002 Double Disinflation with 67% support.