Solana
Solana Holds Above $114 Ahead of Scheduled Network Upgrade and Consensus Activation
Solana gained 17.7 percent over seven days as developers prepare to activate a major consensus upgrade on mainnet on September 28.
Solana traded at $114.55 on September 23, 2026, marking a 2.2 percent daily decline after posting a 17.7 percent weekly gain and an 18.7 percent monthly advance, according to CoinGecko data. The asset traded within a 24-hour range of $113.31 to $119.66, with market capitalization reaching $67.3 billion and daily trading volume at $5.33 billion. Despite the weekly recovery from roughly $97, the price remains 60.9 percent below its historical peak of $293.31, while its daily drop mirrored broader market pullbacks in Bitcoin, Ethereum, and XRP.
The price movement coincides with development milestones from Anza, the firm building the Agave client. In August, Anza scheduled the release of version 4.3, establishing September 28 as the activation target for a new consensus procedure on the mainnet.
Supply dynamics also continue to limit circulating market availability. Data from Staking Rewards indicates Solana's network inflation rate stands at 4.9 percent, with 69.32 percent of all circulating supply currently locked in staking contracts.
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