Solana ETF inflows surge to record $33.5M amid on-chain growth
Solana (SOL)
Editor:
Eugene Serbin
ambcrypto.com reports that Solana ETF inflows reached $33.5 million on Monday, marking the largest single-day total of 2026 and extending a five-day streak. Cumulative Solana ETF inflows have now hit a record $1.22 billion, though net inflows for August stand at approximately $104 million compared to over $1 billion for Ethereum ETFs. This disparity keeps the SOL/ETH ratio below the critical 0.04 level, maintaining a risk of extending July’s 16% decline.
However, on-chain data shows Solana recorded 4.2 billion transactions in July, a 13.5% increase from June. The network also surpassed Base in daily x402 transactions for the first time in six months, highlighting growing use for AI agent payments. Tokenized assets contributed to this activity, with the RWA market cap exceeding $38 billion.
This surge in on-chain activity suggests the ETF inflows reflect improving fundamentals rather than just risk-on sentiment. The SOL/ETH ratio has climbed over 1.6% this week, raising the possibility of a breakout above 0.04 resistance. Such a move could signal that institutional demand is becoming more fundamental, potentially serving as a key trigger for Q3.
How the market reacted
Whalio's own Binance spot order flow for SOL, measured when this story was written up on 26 August 2026. Not the outlet's figures.
Solana is trading at $102.07 with a 24-hour buy ratio of 53.7%, indicating that buyers controlled the majority of volume over the full day. This compares to a 47.6% buy ratio in the last hour, suggesting that short-term buying pressure is fading relative to the daily average. The 4-hour buy ratio of 56.4% shows that buying was stronger over the intermediate term than in the immediate recent past. The 24-hour volume delta is positive at $19,185,180, meaning more money flowed into buys than sells over the day. The 1-hour volume delta is negative at -$1,373,026, indicating a recent shift toward net selling in the most recent hour. The cumulative volume delta (CVD) for the 24-hour close is +$43,272,601, confirming that net buying has dominated the session despite the recent hourly dip.
The latest daily buy ratio of 48.8% sits at the 27th percentile of the last 322 days, against a median of 50.0% - weaker buying than most days.
Twenty-four hours later
What SOL did over the 24 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for SOL, averaged over the days leading up to the story.
Over the preceding week, Solana saw net buying on all seven days, with a 7-day average buy ratio of 52.5%. The latest day’s buy ratio of 53.7% is 1.2 percentage points higher than this weekly average, showing slightly stronger buying than usual. However, 24-hour spot volume of $257,329,058 is only 0.57 times the weekly average, indicating lower-than-average trading activity. The price increased by 19.5% over the eight-day period, supported by a total volume delta of +$175,409,002. This combination of higher buy ratios but lower volume suggests a concentrated but less active buying phase compared to the weekly norm.