Solana (SOL) on Solana

Solana set an all-time record for daily blockchain activity on August 4, 2026, processing 169.9 million transactions in a single day according to Blockworks data, a milestone reached as records have broken repeatedly throughout 2026. Q2 activity also hit network highs across multiple categories: perpetuals volume reached $148 billion for the quarter — placing Solana second only to Hyperliquid on a cumulative all-time basis at $1.1 trillion — while tokenized equity volume surged 114% quarter-over-quarter to $5.8 billion, with Solana capturing roughly 95% of all on-chain tokenized stock trading.

Despite the activity surge, network fees fell 44% quarter-over-quarter in Q2 to $41 million, a dynamic that analysts note creates tension between usage growth and fee revenue needed to offset SOL issuance. SOL had climbed 46% in the 30 days ending August 27 but remained approximately 63% below its January 2025 peak as of that date.

SCHWon Charles Schwab plans to add SOL Solana (SOL), AVAX Avalanche (AVAX), and Chainlink (LINK) to its Schwab Crypto platform, [deepening the brokerage's digital asset offering](/news/charles-schwab-to-offer-spot-sol-avax-and-link-through-schwab-crypto) beyond its existing crypto trading capabilities.

## SCHW Stock Performance and Analyst Valuation

SCHW shares closed at $110.16 on August 29, returning 26.11% over the prior 90 days and 16.41% over the past year, according to Yahoo Finance data. A 7-day pullback of 1.91% preceded the close, which analysts attributed to investor uncertainty around whether technology and digital asset investments will pressure margins in the near term.

:::metric-cards
- label: SCHW Last Close
value: $110.16
compare_label: August 29, 2026
sentiment: neutral
- label: 90-Day Return
value: +26.11%
compare_label: vs. prior period
sentiment: positive
- label: 1-Year TSR
value: +16.41%
compare_label: total shareholder return
sentiment: positive
- label: 7-Day Move
value: -1.91%
compare_label: short-term pullback
sentiment: negative
:::

Yahoo Finance analysis places SCHW roughly 12% below intrinsic value estimates and 13% below the average analyst target. The most widely followed fair value estimate cited is $125 per share, representing 11.9% upside from the August 29 close, per Yahoo Finance.

## Schwab's Expanding Crypto Footprint on Solana

The planned SOL, AVAX, and LINK addition follows Schwab's June 2026 move to [add 24/7 SOL futures to its thinkorswim platform](/news/charles-schwab-adds-247-sol-futures-to-thinkorswim), which marked the first Schwab product trading around the clock. Management has framed the broader crypto expansion as part of "ongoing digital transformation and operational enhancements" aimed at reducing costs and deepening client relationships, per Yahoo Finance reporting.

Schwab operates across a reported $12.6 trillion client asset base. Spot SOL trading through Schwab Crypto would give the firm's retail base direct exposure to Solana without requiring self-custody.

Solana validators completed the network's first-ever on-chain governance vote, passing two of three Solana Governance Proposals. SGP-0001, a "Solana Constitution" establishing foundational rules for future network decisions, cleared with 85.97% support and 51.96% validator participation. SGP-0002, which doubles the network's disinflation rate from -15% to -30% to reduce new SOL issuance more aggressively, passed narrowly at exactly 67.00%—the required two-thirds threshold—after Kraken's validator and roughly 90 others shifted their positions in the final hour. SGP-0003, a fee-burn mechanism to increase permanent SOL removal from circulation, fell short at 53.90% support and did not clear the supermajority bar.

The vote marks a structural milestone for Solana, giving validators direct, on-chain influence over the network's core economic and governance rules for the first time. The passage of SGP-0002 in particular has immediate tokenomic implications, accelerating the pace at which SOL issuance declines over time. The failure of SGP-0003 leaves the fee-burn question open for a future governance round.