The Solana network has grown 124% since early September, with approximately 1.71 million new wallets created daily and 4.27 million daily active addresses, up 58%. SOL is currently trading around $115 after a 3% decline over the past day, with the $114 level being closely watched. On the institutional side, US-listed Solana ETFs recorded $271 million in inflows in September but have seen over $22 million flow out in October. Meanwhile, stablecoin activity on Solana is hitting new highs with over 14 million addresses holding stablecoins and over $15 billion in stablecoin supply on the network.
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