Solana (SOL) has seen remarkable growth thanks to growing institutional interest and the success of the recently launched exchange-traded fund (ETF).
Namely, the Solana Staking ETF (SSK) managed to cross $100 million in assets under management (AUM) within just 12 days after its debut on July 2, 2025, according to a statement posted on Business Wire.
In the meantime, the network’s total value locked (TVL) reached $14 billion, while its tokenized stock volume hit $293 million in one month, more than all other chains combined.
Solana on-chain activity surges
The explosion of on-chain activity on the network is largely due to the fact that SSK is the first U.S.-listed Solana ETF to integrate on-chain staking rewards, which appealed to institutional and retail investors alike.
These developments coincided with a surge in price, as SOL breached the $200 threshold for the first time since January 2025, briefly trading at $205.33 on Tuesday, July 22, before retracing to $190 at press time.
What’s more, more than 350,000 new tokens were launched on the network in just one week, further highlighting a resurgence in developer activity.
Institutional interest in Solana is also picking up, with Upexi revealing a $20 million SOL purchase on July 21.
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