Although the trading price of the Solana ETF is approximately $88, down 57% from the ETF issuance price in July and 70% below the peak of $293 in January 2025, the Solana ETF still attracted $1.5 billion in net inflows, with institutional investors accounting for 50%. On-chain activity contrasts sharply with price pressure, as the network processed a record $650 billion in stablecoin transactions in February 2026, primarily driven by payments and low fees. Solana currently has the second-largest USDC supply, highlighting its growing importance in institutional payment processes.