Solana’s Bullish Surge: Canadian ETFs and Institutional Demand Drive Momentum
Solana (SOL) is witnessing a notable price rally fueled by the introduction of Canada’s first spot Solana ETFs and heightened trading activity on Binance. This development underscores growing institutional confidence in Solana’s ecosystem and its potential for passive income through staking. Below is a detailed analysis of the factors propelling SOL’s upward trajectory.
Solana Surges as Canadian ETFs and Binance Traders Fuel Bullish Momentum
Solana (SOL) is experiencing a significant rally, primarily due to the launch of Canada’s first spot Solana ETFs by firms like 3iQ, Purpose, Evolve, and CI. These ETFs offer institutional investors regulated exposure to SOL and include staking options, allowing investors to earn passive income. This marks the first spot Solana ETFs in North America and signifies growing institutional interest in Solana. As a result, demand and liquidity for SOL are increasing, which is a major vote of confidence for Solana’s future. Additionally, over the past month, more than $120 million has flowed into the Solana network.
Solinabot Hits Over 2900 SOL in Processed Payouts on Telegram Since Launch
Solinabot, a Telegram-based DeFi application built on the Solana blockchain, announced that it has processed over 650 verified payouts since its launch in February 2025. The total processed payouts saw the DeFi platform record more than 2900 SOL, indicating massive community growth. The platform boasts a growing community of over 1050 members, suggesting increased engagement and interest. Solinabot facilitates Solana (SOL) deposits with the goal of doubling a user’s deposit within a seven-day period.
Galaxy Proposes MESA Method to Reform Solana Inflation Governance
Galaxy Research has submitted a new proposal to the Solana (SOL) community to reform the network’s inflation governance discussion through a method called Multiple Election Stake-Weight Aggregation (MESA). The mechanism aims to introduce a market-driven process to refine the SOL emissions curve without relying on single-outcome votes. The proposed method would not change Solana’s ultimate goal of reaching a 1.5% terminal inflation rate but could substantially accelerate the timeline, depending on the outcome of the community’s vote. According to Galaxy’s projections, maintaining the current 15% deflation rate would see the network reach its terminal rate around epoch 2,135, approximately 7.4 epoch years from epoch 772. Steepening the deflation rate could bring this point forward.
Coinbase Implements Major Upgrade to Scale Solana
Coinbase, a leading crypto exchange in the US, has implemented a significant upgrade to enhance its Solana infrastructure. The upgrade aims to ensure faster, more scalable, and resilient Solana transactions on the exchange. Following multiple Solana outages last year and a recent one in February, Coinbase announced the new infrastructure on its official account, highlighting benefits such as asynchronous transaction processing, improved block processing throughput by at least fivefold, and bare metal machines for better Solana RPC performance.
