NewsSignals AI analysis·Binance News·Oct 28, 2026

SOL Perpetual Trading Share Falls to 6% as Solana Seeks to Reduce Meme-Coin Dependence and Attract Wall Street

Grade Abearish AI signal$SOL

Solana's share of on-chain perpetual trading volume has plunged from 17% to 6% as the network attempts to move beyond meme-coin speculation and attract institutional investors. Meme coins accounted for just 15% to 20% of Solana's trading volume in Q2 2026, down from over 50% at the end of 2024, while SOL is down nearly 20% year to date and SOL ETFs recorded about $50 million in two weeks of outflows. Solana's shift toward stablecoins and tokenized assets could support long-term institutional adoption, but continued outflows and competition from Hyperliquid may intensify near-term pressure on SOL.

Bullish strength: 25/100

Solana is shifting toward mainstream financial applications, including stablecoins and tokenized assets, to attract institutional adoption.
Meme coins' share of Solana trading volume declined from over 50% at the end of 2024 to 15%-20% in Q2 2026.

Bearish strength: 75/100

Solana's share of on-chain perpetual trading volume fell from 17% to 6%.
SOL is down nearly 20% year to date.
U.S.-listed spot and staking SOL ETFs recorded approximately $50 million in outflows over two consecutive weeks.
Solana faces competition from platforms such as Hyperliquid amid a weak crypto market.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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