Solana Rises 18.1% in September as Staking Grows by $297M
- —SOL rose 18.1% in September to $118.08, beating ETH (+9%) and XRP (+12%)
- —2.83 million SOL worth $297 million was staked, bringing total staked to 496.96 million SOL
- —Solana's staking yield fell 3.28 percentage points to 5.08%
- —On Sept. 15 the max transaction size was raised from 1,232 to 4,096 bytes
Why it matters: Rising staking reduces SOL's liquid supply and strengthens network security, supporting the price alongside recent upgrades.
Source: CoinDesk Japan