Saturday, September 26, 2026 · SOLTRACER market wrap
150ms finality is now running on Solana's public test networks, and money is flowing in.
SOL market moves
SOL printed $122.08, up 4.3% over 24 hours and 8.3% over 7 days. It is up 19.6% over 30 days. Market cap was about $71.7B, with $6.43B in 24-hour volume.
On-chain data
DeFi TVL: about $6.61B, up from ~$6.28B a week ago.
DEX volume: $2.65B for the prior day and $20.13B over 7 days.
Stablecoins: about $16.75B on Solana, a new high.
Key news
Alpenglow on testnet and devnet. Alpenglow activated on testnet on September 24 and devnet on September 25. It targets about 150ms finality versus ~12.8 seconds today. Validator votes leave the blocks, so vote-inclusive transaction charts will fall. No mainnet date has been set. (Sources: Anza, CoinDesk)
Record ETF day. U.S. spot SOL ETFs posted their largest single day of inflows on record on September 25. (Sources: CoinDesk, Blockworks)
SEC clears tokenized-stock trading. On September 17, the SEC issued a five-year order letting tokenized stocks trade in the U.S. on public, permissionless networks without the venue registering as an exchange. (Source: Solana Foundation)
250ms slots. Mainnet slot times dropped to 250ms on September 18. (Source: CoinDesk)
The SOLTRACER take
This is the strongest combination of catalysts we have seen this year: a regulatory green light for tokenized stocks, record institutional inflows and the consensus upgrade one step from mainnet. Our read: momentum and fundamentals finally agree. Track it live on the Dashboard and the Top 20.
Sources: Anza, CoinDesk, Blockworks, Solana Foundation, CoinGecko, DefiLlama. Data: CoinGecko daily snapshot (00:00 UTC) and DefiLlama daily series for the date shown. On-chain DEX volume is the prior full UTC day.
Not investment advice. See our Disclaimer.
