Solana

Solana logged record network usage in Q1 2026 even as SOL fell 33% to close around $83. Messari reported average daily non-vote transactions hit 112.6 million and application revenue stayed near-flat at $342.2 million. The quarter also saw RWAs rise 43% to $2.01 billion, while DeFi TVL dropped 22% to $6.16 billion alongside the token's price decline.

Across May 18–22, US spot crypto ETFs diverged: Bitcoin and Ethereum funds logged net outflows of -$1.256B and -$216M, while XRP and Solana products recorded net inflows of +$22.03M and +$13.58M. BTC’s biggest daily pull was -$648.64M on May 18, and ETH’s daily outflow eased to -$6.67M by May 22. The same period showed XRP inflows rising from $750K to $9.47M and SOL peaking at $5.94M on May 22, with $0.00 net on May 20.

Spot XRP ETFs posted net inflows of just over $22 million over the prior business week, extending a run of three consecutive positive weeks. XRP did not break above $1.42, fell to under $1.30 yesterday, and later recovered to around $1.35 after dropping about 15% from the May 17 move to $1.55.

Solana (SOL) traded around $86.67 on May 24, 2026, pressing the Fibonacci 0.382 level at $86.5 while sitting above a support cluster formed by the SMA50 at $86.47 and SMA100 at $86.10. The setup reflects a tight $0.78 compression range, with RSI at 48.42 still below its signal line at 50.64. Futures and spot CVD indicators remain neutral after earlier May activity, leaving the durability of the move dependent on whether demand returns.

Solana is drawing institutional interest through ETF products and tokenized real-world assets. Since November 2025, Solana ETFs have recorded $1.45B in cumulative net inflows, while tokenized RWA on Solana reached a record $873.3M in February 2026, up 10% month over month. The data points highlight two separate pools of capital converging on the same chain.

BlackRock, Visa and JPMorgan are expanding or testing payments and tokenization workflows on Solana even as SOL remains under pressure. On May 23, 2026, SOL/USD closed at $82.11 (−3.86%) while SOL/BTC traded around 0.00110 BTC, with indicators such as RSI at 34.55 suggesting oversold conditions. The article argues this gap between infrastructure adoption and price action is widening, though it does not confirm a trend reversal.

On Thursday, spot bitcoin ETFs posted net outflows of $100.82 million, while ether ETFs recorded a $32.58 million decline for a ninth straight session. In contrast, XRP ETFs brought in $8.88 million led by Canary's XRPC, and Solana ETFs added $3.86 million via Fidelity's FSOL. Trading value totaled $1.58 billion for bitcoin ETFs and $416.16 million for ether ETFs, with net assets ending at $101.06 billion and $12.21 billion, respectively.

Solana Floor warned on May 22, 2026 that scammers are impersonating Jupiter Exchange's Jupuary program by airdropping fake "$CJUP" tokens to Solana wallets and steering users to a wallet-draining phishing site. Jupiter has not announced any active distribution for May 2026, and users are advised to verify eligibility only through the official jup.ag airdrop checker and avoid interacting with unsolicited tokens.

AmericanFortress published a cryptography paper describing a patent-pending, post-quantum signature method for hierarchical deterministic (HD) wallets. The design keeps existing BIP32-Ed25519 public keys and replaces the Ed25519 signing step with a ZK-STARK proof, aiming to avoid chain switches or mandatory fund migration. The paper also reports current performance figures, including sub-10-second signing proofs, 18–19 ms verification, and a fixed 218.4 KB signature size.

DoubleZero (2Z) led altcoin gains in the past 24 hours, up more than 21% at press time after breaking above a long-held demand zone. The move came alongside a 264% jump in trading volume to over $28 million, while max supply slipped from 10 billion 2Z to 9.998 billion and holders climbed to 6.79K. On charts, bulls pushed above the $0.10–$0.12 area, with $0.15 cited as the next level if $0.10 holds.