Solana (SOL) Daily Market Analysis 08 July 2026

Solana trades at $80.48 amid ETF race intensification and surging on-chain activity – here's the latest: • 21Shares files S-1 for Solana ETF, joining VanEck in expanding altcoin ETF race beyond Bitcoin and Ethereum • Network hits 29.84M active addresses (up 55% weekly) and 680M transactions, driven by memecoin trading • Alpenglow consensus upgrade targets Q3 2026 mainnet, aiming to reduce finality from 12.8s to 100-150ms • Derivatives show cooling leverage with open interest down 3.61% to $5.39B and neutral funding rates • MoneyGram joins Solana as validator and infrastructure partner, signaling payments-focused institutional interest