· News
Solana (SOL) Price Today, Oct 1 2026: SOL Holds $117 as Stablecoin Supply Hits Record $17.4B
**Solana Family Daily Brief — Thursday, October 1, 2026 (12:25 UTC)** ## SOL Market Snapshot - **SOL/USDT:** ~$117.80 (OKX) | **SOL/USDC:** ~$117.70 (OKX / Kraken) - **24h change:** about **-1.6%** (24h open near $119.6) - **24h range:** $117.00 – $122.80 - **Market cap:** ~$69.2B | **24h volume:** ~$4.15B (CoinGecko) SOL pushed up to around $122.80 during the last session but couldn't hold it. It has slid back into the $117 area and is now sitting just above the $117.00 daily low. USDT and USDC pairs are trading within a few cents of each other, so there is no stablecoin-specific dislocation, just a broad, mild risk-off drift. ## What Moved the Ecosystem (Last 24h) **1. Stablecoin supply on Solana hits an all-time high: $17.39B** Circle and Tether added more than $1.2B in fresh liquidity over the past day (via SolanaFloor). This is one of the strongest on-chain signals of real capital arriving on the network. **2. Open USD goes live on Solana** Announced by the Solana Foundation on Sep 30. Businesses can now mint and burn stablecoins at no cost, with over $1B committed to liquidity. Together with the ATH above, this strengthens Solana's position as a payments and settlement chain. **3. DeFi TVL back above $6.5B** Solana DeFi TVL has climbed to its highest level since the Drift Protocol incident, up roughly 38% in two months. **4. ETF flows: record week, slower start to this one** Spot Solana ETFs recently posted record daily inflows of $86.6M and a record weekly total of $188.2M. Cointelegraph reports US crypto ETF inflows have cooled sharply since then, with Solana funds still on the inflow side. Institutional demand is intact but less aggressive right now. **5. Network performance: 250ms slots, and Alpenglow on testnet** Slot times are now 250ms, down from 400ms. Alpenglow, described as Solana's biggest consensus upgrade, has entered formal testing. It targets ~150ms finality and will replace TowerBFT. **6. Distribution and real-world assets** - X has added a trade button for SOL and BTC cashtags for US users. - Metaplex launched the **Vantage** trading terminal and the **MPL-3643** standard for permissioned tokenized securities, building on the SEC's recent innovation exemption for on-chain stocks. - ZetaChain holders approved migrating ZETA to Solana, continuing the trend of projects consolidating onto Solana. ## Market Sentiment: Next 24 Hours **Neutral, with a slight bearish lean in the short term. Medium-term fundamentals remain constructive.** - **Bearish factors:** Price was rejected near $122–123, momentum is drifting lower, and ETF inflows have cooled. - **Bullish factors:** Record stablecoin liquidity, recovering TVL, Open USD, and Alpenglow progress all point to ecosystem growth that price hasn't reflected yet. - **Levels to watch:** Support at **$117**, then the **$114–115** zone. Resistance at **$120**, then **$122.80**. A daily close back above $120 would neutralize the bearish lean. Losing $117 opens a retest of the mid-$114s. Expect range-bound trading, likely between $114 and $121, unless broader crypto (BTC) makes a decisive move. --- *Sources: SolanaFloor, Solana.com/news, Cointelegraph, Decrypt; prices from OKX, Kraken, Coinbase and CoinGecko at 12:26 UTC. This is community news, not financial advice. Always DYOR.*