{"id":18730,"date":"2026-08-27T19:35:54","date_gmt":"2026-08-27T19:35:54","guid":{"rendered":"https:\/\/topat10.com\/?p=18730"},"modified":"2026-08-27T19:35:54","modified_gmt":"2026-08-27T19:35:54","slug":"bitcoin-is-having-a-great-month-but-solana-is-doing-even-better-as-coin-soars-above-100","status":"publish","type":"post","link":"https:\/\/topat10.com\/?p=18730","title":{"rendered":"Bitcoin is having a great month\u2014but Solana is doing even better as coin soars above $100"},"content":{"rendered":"\n<div id=\"\">\n<p class=\"wp-block-paragraph\">Bitcoin may have <a aria-label=\"Go to https:\/\/fortune.com\/2026\/08\/21\/bitcoin-cryptos-new-favorite-coin-hyperliquid-thunder\/\" href=\"https:\/\/fortune.com\/2026\/08\/21\/bitcoin-cryptos-new-favorite-coin-hyperliquid-thunder\/\">broken $80,000<\/a>, but Solana is stealing the spotlight. SOL, the blockchain\u2019s native token, climbed more than 23% over the past week, with much of that gain coming in the past 24 hours. The token recently crossed $100 for the first time since February and now trades at $107, <a aria-label=\"Go to https:\/\/www.coingecko.com\/en\/coins\/solana?chart=type%3Dprice%26mode%3Dline%26timeframe%3Dd7\" href=\"https:\/\/www.coingecko.com\/en\/coins\/solana?chart=type%3Dprice%26mode%3Dline%26timeframe%3Dd7\">according<\/a> to crypto analytics platform CoinGecko.<\/p>\n<div class=\"paywall\">\n<p class=\"wp-block-paragraph\">Solana\u2019s price surge coincided with record-breaking trading volume in Solana exchange-traded funds. On Tuesday, Solana reported that its ETF cumulative inflows hit a record $1.2 billion, with nearly $34 million coming in on Monday alone. It marked the biggest single day so far this year, capping five straight days of inflows.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">The total stablecoin value on Solana <a aria-label=\"Go to https:\/\/defillama.com\/stablecoins\/solana\" href=\"https:\/\/defillama.com\/stablecoins\/solana\">approached<\/a> $16 billion on Thursday, according to data aggregator DefiLlama, giving investors more readily available dollar-backed liquidity on the network.<\/p>\n<p class=\"wp-block-paragraph\">These gains have come during a more favorable stretch for crypto markets. Last week, the Treasury Department announced a series of bond buybacks, which <a aria-label=\"Go to https:\/\/fortune.com\/2026\/08\/19\/bitcoin-surprise-rally-since-june\/\" href=\"https:\/\/fortune.com\/2026\/08\/19\/bitcoin-surprise-rally-since-june\/\">investors interpreted<\/a> as a sign that more cash could circulate through financial markets. The rebound marked a sharp reversal from the <a aria-label=\"Go to https:\/\/fortune.com\/2026\/07\/12\/bitcoin-bear-market-three-drivers-rebound\/\" href=\"https:\/\/fortune.com\/2026\/07\/12\/bitcoin-bear-market-three-drivers-rebound\/\">crypto downturn<\/a> that began last October. When investors anticipate more liquidity, they tend to take on more risk by investing in speculative assets like crypto.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Bitcoin rose first and lifted the broader market, but Solana has outperformed many other altcoins, a catchall term for tokens other than Bitcoin.<\/p>\n<p class=\"wp-block-paragraph\">\u201c$SOL is moving upwards here, but as you can see, the bear market lasted for a year and we\u2019ve not even gained 20% of that back. Great period upon us,\u201d <a aria-label=\"Go to https:\/\/x.com\/CryptoMichNL\/status\/2092169861161971986?s=20\" href=\"https:\/\/x.com\/CryptoMichNL\/status\/2092169861161971986?s=20\">wrote<\/a> crypto analyst Michael van de Poppe.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Alongside its price, Solana has benefited from signs of growing network activity. Bitcoin\u2019s appeal rests largely on its fixed supply and store-of-value narrative, while Solana\u2019s case depends more on its ability to support fast, low-cost trading and other decentralized finance applications. According to DefiLlama, Solana\u2019s decentralized exchanges handled nearly <a aria-label=\"Go to https:\/\/defillama.com\/dexs\/chain\/solana?groupBy=weekly\" href=\"https:\/\/defillama.com\/dexs\/chain\/solana?groupBy=weekly\">$56 billion<\/a> in trades over the past 30 days and have processed more than $10 billion so far this week.<\/p>\n<p class=\"wp-block-paragraph\">Some of that activity came from <a aria-label=\"Go to https:\/\/fortune.com\/2026\/08\/26\/crypto-traders-dolly-parton-death-memecoin-frenzy\/\" href=\"https:\/\/fortune.com\/2026\/08\/26\/crypto-traders-dolly-parton-death-memecoin-frenzy\/\">memecoin trading<\/a>, which has increased sharply in recent weeks. Solana\u2019s low transaction costs and Pump.fun, a popular token-launch platform, have made it a popular venue for traders to quickly buy and sell such highly speculative tokens. But the volume can disappear as fast as it arrives and does not necessarily signal lasting demand.<\/p>\n<p class=\"wp-block-paragraph\">Still, the numbers do not show that investors are broadly abandoning Bitcoin for Solana. U.S. spot Bitcoin ETFs drew more than <a aria-label=\"Go to https:\/\/www.coinglass.com\/etf\/bitcoin\" href=\"https:\/\/www.coinglass.com\/etf\/bitcoin\">$232 million<\/a> in net inflows on Thursday and recorded daily trading volume of $8 billion, according to crypto analytics platform CoinGlass.<\/p>\n<\/div>\n<div class=\"flex flex-col layout-gap-md\">\n<div class=\"not-prose empty:contents [:has(*[data-empty=true])]:hidden clear-both\">\n<div class=\"typography-level-4 mt-4 font-graphik-compact [&amp;_*_a]:hover:underline [&amp;_*_a]:text-accent\" data-cy=\"subscriptionPlea\"><span class=\"description-parser contents\" data-cy=\"description\"><em><strong>Fortune Daily<\/strong><\/em> breaks the traditional barrier between audience and newsroom. The show transforms <em>Fortune<\/em>\u2019s trusted reporting into actionable, conversational, and entertaining insights for an emerging class of business leaders. <a href=\"https:\/\/fortune.com\/topic\/fortune-daily\/?&amp;itm_source=fortune&amp;itm_medium=article_tout&amp;itm_campaign=fortune_daily\"><strong>Watch here.<\/strong><\/a><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin may have broken $80,000, but Solana is stealing the spotlight. SOL, the blockchain\u2019s native token, climbed more than 23% over the past week, with much of that gain coming in the past 24 hours. The token recently crossed $100 for the first time since February and now trades at $107, according to crypto analytics [&hellip;]<\/p>\n","protected":false},"author":989,"featured_media":18731,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[123],"tags":[],"class_list":["post-18730","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin is having a great month\u2014but Solana is doing even better as 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Grigera Naon","author_link":"https:\/\/topat10.com\/?author=989"},"uagb_comment_info":0,"uagb_excerpt":"Bitcoin may have broken $80,000, but Solana is stealing the spotlight. SOL, the blockchain\u2019s native token, climbed more than 23% over the past week, with much of that gain coming in the past 24 hours. The token recently crossed $100 for the first time since February and now trades at $107, according to crypto analytics&hellip;","jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/topat10.com\/wp-content\/uploads\/2026\/08\/GettyImages-1370827731-e1787856311287.jpg","_links":{"self":[{"href":"https:\/\/topat10.com\/index.php?rest_route=\/wp\/v2\/posts\/18730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/topat10.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/topat10.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/topat10.com\/index.php?rest_route=\/wp\/v2\/users\/989"}],"replies":[{"embeddable":true,"href":"https:\/\/topat10.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18730"}],"version-history":[{"count":0,"href":"https:\/\/topat10.com\/index.php?rest_route=\/wp\/v2\/posts\/18730\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/topat10.com\/index.php?rest_route=\/wp\/v2\/media\/18731"}],"wp:attachment":[{"href":"https:\/\/topat10.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/topat10.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/topat10.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}