As of August 11, 2026, Solana (SOL) is in a period of contradiction between strong fundamentals and lackluster price performance. On-chain ecosystem activity is high, but the token's price performance is weak, while the ecosystem is also undergoing tokenomics adjustments and structural disputes. 📊 Market performance: Remains under pressure · Price and trend: SOL is currently fluctuating around the $74-$77 range. It has fallen approximately 54.65% over the past year and is down more than 70% from its all-time high. Although it found short-term support around $72, it remains in a long-term downtrend that began in late 2025, with $74.4 being the current key short-term resistance level. · Market sentiment: The overall crypto market remains weak, and SOL has declined along with it. Although the Solana ETF saw a brief inflow of funds at the end of July, this failed to continue and subsequently turned into outflows, indicating that institutional investors remain cautious. ⛓️ On-chain ecosystem: Active but “praised without being embraced” · Real-world asset (RWA) boom: This is currently Solana’s most prominent growth area. In June, after tokenized stocks such as SpaceX went live, Solana accounted for approximately 96% of tokenized stock trading volume, with monthly trading volume reaching $3.86 billion, a record high. The total RWA value has surpassed $3 billion, accounting for nearly one-quarter of Solana’s TVL. · Stablecoin growth: Stablecoin supply has continued to grow to $15.6B, while Solana’s share of the global stablecoin market has edged up to approximately 5%. · TVL decline: Solana’s total DeFi value locked (TVL) declined for the third consecutive quarter, falling approximately 14% in Q2 to $12.5 billion, partly due to the decline in the price of SOL itself. · Core dilemma: Ecosystem activity and usage have reached record highs, yet SOL’s price has fallen to its lowest level since the end of 2023. The key reason is that fee capture and value accrual mechanisms are not flowing to SOL token holders; most revenue, such as transaction fees and spreads, is flowing to equity stakeholders such as issuers and market makers. The market considers this a typical case of the “fat protocol” thesis failing. 🛠️ Key governance proposals (deflationary expectations) Solana is advancing two governance proposals aimed at improving its tokenomics, both of which have entered the discussion stage: · Accelerated deflation (SGP-0002): The proposal would double the pace of annual inflation reduction to 30%, bringing the final inflation rate of 1.5% forward to 2029, reducing future issuance by approximately 18.9 million SOL. This would benefit long-term holders but accelerate the compression of staking rewards. · Fee reform (SGP-0003): The proposal would replace the fixed signature fee with a dynamic fee based on computational resources and burn it in full. If approved, daily SOL burns could surge from the current approximately 650 SOL to 7,500-9,000 SOL, strengthening the direct link between network usage and token deflation. 🏗️ Ecosystem developments · Project shutdown: Solana-based perpetual futures protocol FlashTrade announced its shutdown due to team disagreements, market contraction, and a lack of profitability. Its founder also mentioned dissatisfaction with the Solana Foundation’s resource allocation. · Whale activity: Despite the weak market, on-chain data shows that a whale address plans to buy 500k SOL, worth approximately $38 million, through a TWAP strategy. The current average price is around $76, indicating that some capital is attempting to buy the dip. --- Overall: The Solana network is making rapid progress in real-world applications such as RWAs, but its token price remains suppressed by the macro environment and the structural issue of a “value-non-capturing token.” Short-term performance depends on whether the $72-$74 support level can hold. Over the medium to long term, if the tokenomics proposals pass successfully and improve the supply-demand relationship, they will provide some support for the token price.$SOL ‌#台积电营收连创历史新高

Xing Ge on Crypto | August 11 SOL Today's Plan Direction: Long at low levels. Entry: 75.80-76.00. Stop-loss: 75.40. Target: 77.20-77.80. Today, I’m only waiting for one level on SOL. If 75.80-76.00 is reached, I’ll go long according to plan. If it doesn’t reach that level, I won’t chase. Why am I still bullish? The price fell from around 77.8 to around 75.5, and this pullback has already released some of the bearish pressure. Today, the market did not continue accelerating downward but began consolidating sideways at lower levels, indicating that selling pressure has clearly weakened. In this kind of market, I’d rather wait for a pullback to play a rebound than continue chasing shorts at low levels. But there is one prerequisite. If the price quickly breaks below 75.40 and fails to reclaim it, this long setup is canceled immediately, and I will not go long again that day. Today, just one sentence: Go long at 75.80-76.00. Stop-loss at 75.40. Target 77.20-77.80. Enter if the level is reached; otherwise, wait.#非农爆雷降息预期逆转 #台积电营收连创历史新高 $SOL ‌

🚨 $ETH vs $SOL: THE RWA BATTLE IS HEATING UP Real-World Assets could become one of crypto’s biggest adoption drivers. Bonds, funds, real estate, commodities and private credit are moving on-chain. 🔵 $ETH — Institutional Power → Deep liquidity → Strong security → Mature DeFi ecosystem → Massive developer base → Established tokenization infrastructure 🟣 $SOL — Speed Advantage → High throughput → Low transaction costs → Fast settlement → Growing stablecoin activity → Built for high-frequency on-chain usage 🏦 THE KEY BATTLE Institutions need more than speed. They need: Liquidity + Security + Compliance + Regulation + Infrastructure Ethereum currently has the stronger institutional foundation. Solana has the performance edge. 💰 Stablecoins Could Decide the Flow More stablecoin liquidity → More settlement activity → More tokenized assets. And both ecosystems are competing for that liquidity. 🎯 MY TAKE ETH could lead high-value institutional RWAs. SOL could capture fast, low-cost consumer RWAs. This may not be an ETH vs SOL winner-takes-all market. Ethereum has the head start. Solana has the speed. RWA adoption could make room for both. $ETH ‌ $SOL ‌ $RWA ‌