Institutions and Developers Propel Solana’s Growth in September

In September, Solana has become a leading option for newcomers to crypto, thanks to its growing ecosystem, increasing institutional involvement, and ongoing technological improvements. Renowned for its rapid transaction speeds and minimal costs, Solana continues to bring in developers, users, and major industry participants. Notable milestones include the introduction of

Mobile’s Seeker phone series, with over 150,000 units featuring on-chain capabilities like access to the Solana dApp Store and exclusive Genesis Token benefits. These new devices follow the Saga and highlight Solana’s commitment to advancing Web3 on mobile. Furthermore, the Solana Accelerate event held in New York united more than 3,000 entrepreneurs, engineers, and policy makers, further showcasing Solana’s expanding role in shaping crypto policy and technological progress Web3 Infrastructure for Everyone | Solana [ 1 ].

The network’s technical strengths are a major factor in its popularity. Solana can confirm transactions in as little as 400 milliseconds, all while keeping fees below $0.0025, making it suitable for everything from decentralized exchanges (DEXs) to blockchain gaming and NFT platforms. A report from Electric Capital indicates that 81% of all transactions on DEXs happen within the Solana network, highlighting its significance in the DeFi sector. Additionally, Solana’s energy usage per transaction is on par with a few Google searches, which supports the global shift toward sustainability Web3 Infrastructure for Everyone | Solana [ 1 ].

There’s also been a notable uptick in institutional participation. Franklin Templeton has recently expanded its Franklin Onchain U.S. Government Money Fund (FOBXX) onto Solana, making it accessible through the BENJI platform. This decision reflects growing trust in Solana’s infrastructure for large-scale financial operations. In parallel, Solana Pay is gaining momentum as a payment method, having been integrated with

to allow instant payments with virtually no fees. With a carbon-neutral footprint and the ability to serve millions of businesses, Solana Pay offers an appealing alternative to conventional payment networks Web3 Infrastructure for Everyone | Solana [ 1 ].

Developer engagement on Solana remains high, especially with the recent rollout of the Solana Attestation Service. This open and permissionless protocol enables confidential verification of off-chain data tied to wallets, boosting trust and privacy in decentralized apps. Electric Capital also reports that Solana is currently the fastest-expanding ecosystem in terms of attracting new developers, with its community growing at a rapid pace. Initiatives such as Solana Accelerate continue to nurture collaboration among stakeholders and stimulate further crypto innovation Web3 Infrastructure for Everyone | Solana [ 1 ].

Solana’s market positioning is further strengthened by its recent performance. The network’s Total Value Locked (TVL) in DeFi has climbed back to $100 billion, a level last reached in early 2022, fueled by clearer regulations and renewed interest in low-risk DeFi strategies. While

co-founder Vitalik Buterin sees low-risk DeFi as a reliable income stream for Ethereum, Solana’s focus on efficiency and affordability makes it a strong complementary option for practical, real-world deployments. Solana’s business partnerships and integration into smartphones point toward broader adoption in the mainstream Web3 Infrastructure for Everyone | Solana [ 1 ].

Experts credit Solana’s achievements to its effective balance between cutting-edge ideas and practical solutions. By tackling issues like expensive fees and sluggish transactions, the network has managed to attract both individual and institutional users. The release of Solana Mobile devices, increasing institutional support, and developer-centric tools mark a strategic move toward reaching a wider audience. As the digital asset sector continues to evolve, Solana’s dedication to scalability, cross-chain compatibility, and enhanced user experiences may help cement its role as a favorite blockchain choice for those looking to participate in the next wave of Web3 growth.