Solana (SOL) emerged as the week's top institutional performer with a 12.95% gain in mid-May 2026, fueled by Goldman Sachs' disclosure of a nearly $108 million position in spot SOL ETFs. The cumulative assets under management across Bitwise, Fidelity, and Morgan Stanley SOL ETF products surpassed $1 billion for the first time—an achievement that outpaces #8 Sui's entire on-chain wallet milestone. Network transaction volume hit 2026 highs, with DePIN apps and consumer crypto pushing daily active wallets past 8 million, 4x faster than the average growth rate of competing Layer 1s. This data confirms Solana's graduation from speculative altcoin to a mature institutional asset class, now cheaper than the typical rival per transaction.
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