Solana has a lot going on this week, and it is unusual to see this many catalysts arrive together. Traders are not only talking about the SOL price anymore. The conversation now includes a major fee-burn vote, nearly $900 million in ETF buying, and network activity that continues to run far ahead of many competing chains.
The SOL price is trading around $71-$73, and the market is trying to figure out whether this combination of events is strong enough to change the trend after months of weakness.
What you'll learn 👉
The Burn Vote Could Change Solana’s Inflation Story
One of the biggest developments is the vote on Solana’s fee-burn and disinflation proposals. SolanaFloor reported that the package would increase annual disinflation to 30%, reduce emissions by roughly $1.36 billion over six years, and increase daily burns from about 650 SOL (around $47,000) to roughly 9,000 SOL (about $646,000).
BREAKING: @Solana’s fee burn and disinflation proposals are set to enter an initial vote today.
— SolanaFloor (@SolanaFloor) August 3, 2026
Together, they would double annual disinflation to 30%, cut emissions by $1.36B over six years, and raise daily burns from 650 $SOL ($47K) to 9,000 $SOL ($646K). pic.twitter.com/hiGQ8nW7Oa
That is a meaningful change for a network that has often faced criticism over inflation. Fewer new SOL entering circulation and a much larger burn rate could improve supply dynamics if the proposal eventually moves through the full governance process.
The market is watching closely because this vote is only the first step. Traders want to see whether validators and the broader Solana community support the proposal strongly enough for it to advance.
Read Also: Crypto Price Prediction for Today, August 1: Solana (SOL), XRP, and Shiba Inu (SHIB)
SOL ETF Demand Is Still a Real Factor
Institutional demand remains an important part of the story. Arkham reported that Bitwise’s ETF clients have purchased roughly $891.9 million worth of SOL through the BSOL ETF. Arkham also said that BSOL has attracted close to 80% of total SOL ETF flows, making it the largest Solana ETF product so far.
BITWISE BOUGHT ALMOST $1 BILLION OF SOLANA
— Arkham (@arkham) August 3, 2026
Bitwise’s ETF clients have purchased a total of $891.9M of Solana so far as part of Bitwise’s BSOL ETF. Bitwise BSOL is the largest SOL ETF, receiving almost 80% of total SOL ETF flows.
Will Bitwise keep buying SOL? pic.twitter.com/0dquuLbb9d
Solana added another institutional milestone this week as Morgan Stanley’s Solana Trust ETP (MSOL) began trading on NYSE Arca. The network also announced that BancaStato, a Swiss state-owned bank with roughly $24.2 billion in assets, now allows clients to buy, hold, and sell SOL through its existing banking applications.
For the SOL price, ETF inflows matter because ETF issuers need to buy spot SOL when new shares are created, which can provide direct buying pressure.
Solana’s Usage Numbers Are Hard to Ignore
The network activity is probably the part that stands out the most to me. Lucky reported that Solana is processing more than 100 million daily on-chain transactions and serving more than 3 million daily active users.
The ecosystem data is also moving higher. Solana said its real-world asset ecosystem reached a new all-time high of $3.72 billion in total value. The network also increased its mainnet block compute limit from 60 million to 100 million compute units, which is a 66% increase in capacity.
What I find interesting is that adoption is spreading beyond crypto-native applications. Solana announced that South Korean payment processor KSNET signed an MOU with the Solana Foundation to pilot stablecoin settlement across a network of more than 330,000 merchants. That is the kind of real-world distribution number traders tend to watch closely.
What Comes Next for SOL
What matters most here is confirmation. The burn vote, ETF demand, and user growth all improve the fundamental backdrop, but traders still want to see the SOL price reclaim resistance with stronger momentum before treating the move as a confirmed trend reversal.
The timing is what stands out to me. Solana is dealing with a supply-reduction proposal, institutional buying, exchange-traded product expansion, and unusually strong network usage all within the same week.
If the burn proposal advances and ETF demand stays firm, I think the SOL price has a reasonable chance of testing the $75-$80 zone again. If those catalysts fade and support near $65 breaks, the market may spend more time consolidating before the next larger move develops.
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