Market tone: Bullish
Vivian Nguyen · Crypto Briefing · 2026-10-09T13:27:03.000Z
Solana Foundation official brand assets (solana.com/branding)
On-chain usage, developer activity and stablecoin adoption are climbing even as US spot SOL ETFs post net outflows
Solana’s network just had its busiest stretch in over a year. Unique active addresses on the blockchain reached 1.88 million as of October 9, 2026, the highest reading in 13 months, according to on-chain data from SolanaFloor and the Blockworks analytics dashboard.
Not every number is pointing the same way, though. While users are piling onto the chain, US spot SOL ETFs have been watching money walk out the door.
The numbers behind the surge
Santiment reported that Solana’s network growth has accelerated by 124% since early September 2026. That growth works out to approximately 1.71 million new wallets created each day.
Daily active addresses also climbed sharply, rising 58% to roughly 4.27 million unique wallets. That figure and the 1.88 million reading come from different trackers, so they shouldn’t be read as the same measurement.
Funded wallets, meaning addresses that actually hold a balance, rose 38.5% month-over-month to a total of 16.1 million.
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Builders and stablecoins are showing up too
The network logged over 8,400 monthly active programs in September 2026, a new record. Programs are Solana’s version of smart contracts: the software that runs apps, exchanges, games and payment tools on the chain.
Daily active stablecoin addresses on Solana hit 888,000 in September, a 269% increase from the same month a year earlier. Total stablecoin supply on the network has also climbed past $15 billion, spread across more than 14 million addresses.
US spot SOL ETFs recorded net outflows of more than $22 million through early October. That reversal followed a September marked by strong inflows into the same products.
What this means for SOL holders and the ecosystem
The stablecoin data may be the most important thread to follow. A 269% year-over-year jump in daily active stablecoin addresses, alongside more than $15 billion in supply, suggests Solana is increasingly being used for moving dollars, not just trading tokens.
The key things to track from here: whether unique active addresses hold near the 1.88 million mark, whether funded wallet growth continues at anything close to its 38.5% monthly pace, and whether ETF flows flip back to positive.
Originally published by Crypto Briefing.