Solana traded near the $110 level this week, with unconfirmed reports citing a push to $112. 28 that would mark a seven-month high for the network’s native token.
Solana traded near the $110 level this week, with unconfirmed reports citing a push to $112.28 that would mark a seven-month high for the network’s native token. Verified market data from CoinGecko placed SOL at $110.31 at the time of research retrieval, with a market capitalization of roughly $64.8 billion and 24-hour trading volume near $2.83 billion.
SOL Reclaims $110 as Market Sentiment Turns Greedy
According to unconfirmed reports, SOL surged approximately 10.75% to reach $112.28, a level not seen in seven months. The live CoinGecko reading at retrieval had since pulled back to $110.31, reflecting the volatile intraday conditions typical of large-cap digital assets. The broader market sentiment backdrop was consistent with a risk-on environment: the Crypto Fear & Greed Index registered 71, classified as Greed. For related coverage, see Solana Stablecoin Supply Hits All-Time High Amid Macroeconomic Crisis Fears.
Solana’s network activity supports the renewed price attention. Cointelegraph reported that the network processed a record 4.2 billion transactions in July, while tokenized real-world assets on Solana neared $4 billion. That throughput record arrived around the same time SOL was already rallying above $100. For Bitcoin-focused observers, Solana’s RWA traction is a data point worth watching: tokenized asset activity on any chain increases demand for settlement finality, a property Bitcoin’s base layer has long emphasized. The surge in Solana’s stablecoin supply to all-time highs earlier this year reinforced the same demand signal. For related coverage, see Tokenized Stock Trading Volume Hits $644M Record.
Open Interest Rise Signals Derivatives Participation
According to unconfirmed reports, SOL open interest climbed 18% during the rally. Open interest measures the total value of active derivatives contracts, such as futures and options, that have not yet been settled. A rise in open interest alongside a price increase can indicate new money entering the market rather than existing positions being reshuffled, though it does not by itself establish whether that positioning is net long or net short. Live derivatives data for SOL can be tracked on CoinGlass; the 18% figure could not be independently verified at research time because the relevant API endpoint requires a paid key. For related coverage, see Solana’s (SOL) Recovery Delayed by Market Chaos, yet Traders See GeeFi (GEE) as Your Last Chances at 100x.
ETF Assets Add Institutional Context
On the institutional access side, REX Shares reported that its REX-Osprey SOL + Staking ETF (SSK) held $89,276,500 in assets as of September 17, 2026, with 6,550,000 shares outstanding at a net asset value of $13.64 per share. SSK is structured as a 1940 Act ETF providing spot-Solana exposure with on-chain staking rewards, meaning shareholders receive a yield component that pure spot-tracking products do not offer.
The SSK figure is an issuer-level disclosure for one product, not an aggregate of all Solana ETF assets. The broader Solana ETF landscape, including the $1.45 billion in cumulative ETF inflows tracked earlier this year, reflects a wider institutional access build-out that the SSK asset figure alone does not capture. Headline claims about aggregate Solana ETF assets reaching a milestone figure could not be independently verified from available sources at research time.
From a Bitcoin-network perspective, increasing institutional appetite for staking-yield ETFs in the Solana ecosystem underscores a structural difference: Bitcoin’s fixed-supply, non-inflationary monetary properties mean no analogous staking-yield wrapper exists. That distinction shapes how capital flows between the two assets during risk-on rotations, and it remains a key variable as Solana DApp revenue metrics continue to recover from earlier lows.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
