Solana News Today: Bitwise ETF, App Revenue and Governance Updates

Today's Solana headlines

Solana continues to maintain strong momentum this week. A major ETF has received large capital inflows, online application revenue continues to lead its competitors, and a major governance vote is about to start. Every development demonstrates the market's growing confidence in this chain. This issue of Solana News Quick View will introduce these three news items one by one, and indicate the source of the information.

Core Points

Bitwise's SOL Pledged ETF inflows exceeded US$20 million this week. Solana once again leads application revenue among all blockchains. Voting on three major governance proposals will begin on Sunday.

Bitwise SOL Pledged ETF has a weekly inflow of US$20 million

Bitwise CEO Hunter Horsley announced this development on the X platform. He said his SOL Pledged ETF (BSOL) had inflows of more than $20 million this week. Horsley called the performance exciting and pointed out that capital markets are moving rapidly up the chain, and Solana was built for this shift. BSOL was first launched in October 2025 and provides SOL spot exposure and pledge rewards. Investors can gain both price exposure and passive returns through a single product, a combination that continues to attract new funds into the fund. For investors watching ETFs, this is one of the most watched Solana news stories this week.

Solana once again leads the full-chain application revenue

Last week, Solana once again topped the list of application revenue among all blockchains. DefiLlama data confirms that the network ranks first, marking another strong week for its earnings. App revenue reflects actual usage rather than mere price fluctuations. It comes from fees charged by trading apps, games and DeFi platforms. Leading position means developers continue to choose the network, and revenue growth is a positive sign for observers who follow the dynamics of the Solana ecosystem.

Major governance votes are launched this Sunday

SolanaFloor prompted three governance votes on the X platform. Voting will begin on Era 1021 (this Sunday) and involves key updates on the network. Proposal SGP 1 introduces the Solana Constitution and establishes a new governance framework. The SGP2 proposal would cut inflation in half and reduce the issuance of approximately 18.9 million tokens (worth nearly $1.7 billion) over six years. Reducing issuance is expected to ease long-term selling pressure on tokens. The SGP3 proposal proposes resources and inclusive costs to increase the daily destruction volume of SOL from approximately 648 to 9000. Higher destruction rates will gradually reduce the supply in circulation in the market. These proposals are important news that will affect Solana's future. Token holders should pay close attention to the voting results.

Today's market snapshot

Here are the latest real-time Solana quotes from price charts. The current SOL price is approximately $94.26, up 3.2% in 24 hours. The 24-hour price range is $89.45 to $102.37. The specific data are as follows: the price is US$94.26, the 24-hour increase is +3.2%, the 24-hour range is US$89.45 - 102.37, the market value is US$54.968 billion, and the 24-hour trading volume is US$8.913 billion, ranking seventh in the market. These SOL price data comes from real-time market tracking tools. The market value reached US$54.968 billion, and the 24-hour trading volume was US$8.913 billion. There are frequent news this week, and trading volumes have also risen sharply.

Coin Gabbar analysis

Overall, Solana performed strongly this week. ETF demand, application revenue and governance voting are improving simultaneously. Stable inflows of BSOL reflect real investor confidence; leading application revenue demonstrates on-chain activity; and if SGP2 and SGP3 proposals are passed, governance votes could reshape the long-term token economy model. Supply tightening combined with demand growth usually supports prices in the long run. Investors who follow the latest developments in Solana should pay close attention to the voting results of Era 1021.

Summary

The above is a summary of today's Solana news. The three major trends in ETFs, revenue and governance all point in the same direction, and the momentum continues to increase. This is the main update in the past 24 hours. Please continue to pay attention to more news tomorrow.

Disclaimer

: This document is for information purposes only and does not constitute financial advice. The cryptocurrency market is volatile and risky. Please be sure to study your own before investing.