$SOL

1. The Restructuring of the Approval Process for Exchange-Traded Funds

The U.S. Securities and Exchange Commission (SEC) is working on drafting rules to replace the approval process for exchange-traded funds 19b-4 with standardized criteria (market cap, decentralization), with the aim of approving Solana ETFs by September 2025 (SEC). While Fidelity's SOL ETF has faced delays (the public review period of 35 days started on July 7), Bloomberg analysts indicate a 95% likelihood of approval for SOL/XRP/LTC ETFs.

2. Institutional Accumulation

DeFi Development purchased 47,272 SOL ($7.03 million) on July 8, and staked 690,420 SOL ($102.7 million in total) for yield (DeFi Development).

CME's Solana futures trading volume reached $4 billion, reflecting demand for hedging/institutional trading (CME). 3. Network Growth and Metrics

The total value of token-weighted assets rose to $418 million (an increase of 631% in the number of users over 30 days), led by U.S. Treasury bonds and credit through Ondo/Maple Finance (Cointelegraph).

14.63 million active addresses daily and $1.2 million in daily fees surpass Ethereum.