 ▲ Solana (SOL) © CoinReaders |
Solana (SOL), long suppressed by an extended bear market, has fired a dramatic signal of revival, recording a staggering 755% surge in payment volume along with massive inflows into spot exchange-traded funds (ETFs).
According to cryptocurrency-focused outlet Bitcoinist on March 8 (local time), blockchain analytics platform Messari revealed in its “State of Solana Payments” report that as of February 11, 2026, Solana’s total payment volume had soared 755.3% year-over-year. This figure is nearly three times the blockchain industry median of 268.24%, strongly suggesting that developers and retail users who had previously left the ecosystem are returning in significant numbers.
This remarkable growth outpaces other major blockchains and traditional financial firms alike. Solana easily surpassed Ethereum’s (ETH) 625.2% and BNB Chain’s 648.3% growth rates, while delivering overwhelmingly superior performance compared to legacy payment processors such as PayPal and Fiserv, which posted gains of just 6% and 7.5%, respectively.
Messari attributed Solana’s competitiveness to its ability to overcome the structural limitations of traditional financial infrastructure. Unlike slow and costly cross-border payment networks built in the early days of the internet, Solana integrates messaging and payment into a single operation, achieving astonishing processing speeds measured in milliseconds. The network’s median block time stands at just 392 milliseconds, while the median transaction fee is extremely low at approximately $0.0004.
According to on-chain analytics platform Lookonchain, alongside the return of retail users, institutional investors have also been quietly pouring money into Solana spot ETFs. Despite broader price pressures, a net total of 447,694 coins—worth about $40 million—flowed into related funds over the past seven days, underscoring strong long-term institutional buying demand.
Among the four Solana funds currently trading, the Bitwise product led weekly inflows with 409,402 coins over seven days. Fidelity ranked second with 15,627 coins on a weekly basis despite recording just four in daily inflows, while Grayscale followed with 12,530 coins, further supporting the institutional buying trend.
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