Solana ETFs on Track to Record Strongest Weekly Inflows Since May

With crypto showing strength against volatility and uncertainty in broader markets, institutional players appear to be once again allocating to $SOL.

Led by Bitwise’s $BSOL, Solana ETFs are on track for one of the best weeks in months, suggesting allocators are dipping their toes back into crypto markets.

Meanwhile, onchain activity and application revenue is awakening from its bear market slumbers, consistently pushing new highs in Solana’s non-vote transaction count.

$BSOL Leads Solana ETF Drive

Wall Street is getting back into crypto. After many months of languishing prices and stagnant market activity, institutional capital is back on the move, and crypto ETFs have witnessed an uptick in flows.

According to Sosovalue data, Bitcoin ETFs have just recorded their best week since April 17, with buyers outpacing sellers and spearheading $853M in net inflows. Returning institutional demand had a powerful impact on $BTC’s market value, pushing the internet’s favorite store-of-value back to the $65,000 price mark and completing a 4% move.

With confidence returning to $BTC, and crypto markets in general, allocators now appear to be shifting their attention down the risk curve. On August 10, Bitwise’s Solana ETF, $BSOL, witnessed over $8.83M in net inflows, its strongest single day performance since May 12th. 

Monday’s impressive performance is an encouraging sign for the week ahead. While nothing is set in stone until Friday’s market close, Solana ETFs are currently on track for their strongest week since May.

Onchain Activity and App Revenue Climbs

Renewed institutional flows into Solana ETFs come following a significant increase in user activity. Driven largely by memecoin fervor and speculation, Solana’s onchain economy has recorded new all-time highs in non-vote transactions for the last two consecutive days, suggesting runaway demand for blockspace.

With traders rejoining the memecoin race in droves, application revenue across the ecosystem is steadily climbing. Led by applications like pumpfun, fomo, and Collector Crypt, Solana’s weekly application revenue hit $23.9M last week, its highest point since February 2026.

In the coming weeks, the Solana community is expected to vote on a governance proposal designed to resolve outstanding tokenomics issues surrounding $SOL value capture. Authored by cavemanloverboy, SGP-003 suggests implementing a resource fee, forcing a programmatic $SOL burn based on the complexity of onchain transactions.

With onchain activity steadily returning, a potential token burn mechanism could have a significant influence on $SOL’s market dynamics. SGP-003 advocates claim that surging onchain activity will amplify $SOL’s burn rate, adding a scarcity premium to the asset that may result in greater value appreciation long term.

$PUMP Leads Solana Ecosystem Coins

As confidence and bullish optimism flood back into crypto markets, certain Solana ecosystem coins are rallying. Outside memecoins, $PUMP leads the network’s established project tokens, surging 22% in the last 7D.

$PUMP’s price action is largely supported by its buyback-and-burn mechanism, which routes 50% of all protocol revenue to purchasing $PUMP directly off the open market.

Since the inception of the program, pump.fun has spent over $425M on buybacks, removing 15.82% of the coin’s total supply from circulation.

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