Solana is once again in the spotlight amid renewed interest after reaching a new milestone in its adoption growth. Active accounts with SOL tokens have now reached over 11.09 million, a new all-time high for network activity, according to crypto analyst Ali Martinez. Such a massive spike in adoption not only indicates growing retail interest but also long-term confidence in its expanding ecosystem.
Source: Ali Martinez
A large part of the recent increase in the momentum is attributed to the institutional interest in the token. In March 2025 there were the famous launches of two futures ETFs – Volatility Shares Solana ETF (SOLZ) and the leveraged Volatility Shares 2X Solana ETF (SOLT). Now, both are live on Nasdaq and have helped spotlight Solana in financial circles. As more institutional investors gain exposure through these funds, analysts believe these instruments could be pivotal in providing long-term price support. Since their listing, SOL briefly jumped over $136, suggesting that investor appetite is real, and so is the potential for another leg up.
Over 11 Million Wallets Signal Solana’s Rapid Rise
The presence of over 11 million addresses paints a strong picture of Solana’s expanding user base. That figure isn’t just a number—it represents growing trust and interest in the platform’s speed, usability, and vision. Each new user adds more weight to the idea that Solana is ready to play in the big leagues. The influence of traditional finance players is starting to become more visible, too. Fidelity Investments recently filed a Solana-focused fund in Delaware, signaling its intent to enter the game. With Fidelity managing around $4.9 trillion in assets, even a modest allocation into Solana would be a powerful statement—and potentially a price driver.
Polymarket also reports cautious optimism. As we reported earlier, the probability of the Solana spot ETF approval stands at 88% this year. In fact, it seems that the regulatory authorities’ optimism has changed in a good way, and traditional financial institutes have more open ideas on cryptocurrencies. If the spot ETF goes live, Solana’s price might reach a considerable height, and maybe it will even come close to the $200 barrier.
Solana ETF Could Draw $6B in 6 Months — JPMorgan
JPMorgan analysts added further insight with a recent projection. Their report suggested that if Solana does secure a spot ETF, it could attract $3 to $6 billion in net assets within just six months.
Source: JPMorgan
That would outpace Ethereum’s early ETF adoption rate—a remarkable claim considering ETH’s standing in the market. “When applying these so-called ‘adoption rates’ to SOL and XRP, we see SOL attracting roughly $3 billion–$6 billion of net assets and XRP gathering $4 billion–$8 billion in net new assets,” the JPMorgan report explained. Despite the excitement, there’s still a bit of waiting to do. Bloomberg’s James Seyffart pointed out in January that the SEC typically takes between 240 to 260 days to evaluate ETF filings. That means a spot Solana ETF approval might not arrive until sometime in 2026, though momentum appears to be building now.
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