Santiment data showed Solana’s network has grown 124% since the start of September, with about 1.71 million new wallets added per day and daily active addresses rising 58% to roughly 4.27 million. Even with that on-chain expansion, U.S. spot Solana ETFs recorded net outflows for three straight trading days, totaling $17.7 million. Spot Ethereum ETFs also saw net outflows over six consecutive trading days during the same period. On the macro side, minutes from the Federal Reserve’s September meeting showed that most officials see a possible additional rate hike before year-end and flagged upside inflation risks. SOL was last trading at $116.42, down 1.6% over the past week.
According to Santiment data cited by Techub News, the Solana network has grown 124% since early September, with about 1.71 million new wallets added each day. Daily active addresses rose 58% over the same period to about 4.27 million.
Even so, U.S. spot Solana ETFs have posted net outflows for three consecutive trading days, totaling $17.7 million. Over the same period, spot Ethereum ETFs also recorded net outflows for six straight days.
On the macro front, minutes from the Federal Reserve’s September meeting showed that most officials believe another rate hike may still be possible before the end of the year, while inflation risks are moving higher. SOL was quoted at $116.42, down 1.6% over the past week.
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