What happens when the world's most hyped blockchain stops relying on retail and starts tokenizing giants?
Kyle Samani said “Web3 is no more,” arguing that DeFi and DePIN now offer more viable paths for blockchain adoption. The older Web3 vision struggled to reach mainstream scale, with decentralized social apps remaining niche and play-to-earn games losing users after rewards faded.
Institutional shifts towards Solana ETFs highlight evolving crypto investment strategies, emphasizing diversification beyond Bitcoin and Ethereum. Bitwise leads Solana spot ETFs with $80M in May inflows as Bitcoin and Ethereum bleed capital.
Solana (SOL) is clinging to the low-$80 range as short-term technical indicators tilt bearish, but attention across the ecosystem is increasingly shifting to two longer-dated catalysts: the planned 'Alpenglow' consensus upgrade in the second half of 2026 and a controversial new fee-burn proposal that could reshape the network's token economics. At the same time, renewed momentum around potential U.S. spot SOL ETFs—particularly products that would permit staking—has brought institutional positioning back into focus.
The proposal could enhance SOL's value by reducing inflation, potentially attracting more investors and increasing network stability. Solana ecosystem rallies behind Temporal's SIMD-0547 proposal to overhaul SOL tokenomics.
Solana has closed eight consecutive red monthly candles for the first time in its history, with SOL trading near $81 on June 1, 2026, even as onchain metrics hold at levels that would have seemed bullish just a year ago. 8 Straight Red Months Crypto influencer Ash Crypto addressed the streak directly on June 1.
Solana trades near $84-$96 in late May 2026, having spent much of the year recovering from a difficult Q1 that saw the price slice from $200+ down to the low $60s before stabilizing.
Solana price tests $68.02 support as SOL squeezes between trendlines and analysts watch a possible long term breakout.
SIMD-547 from cavemanloverboy adds a resource-based burn that could lift daily SOL burn 16-100x; SIMD-0411 from Helius's Lostin and 0xIchigo doubles the disinflation rate to cut emissions by $2.9B over six years.
Kyle Samani, chairman of Solana Treasury and co-founder of Multicoin Capital, made a direct statement about the current state of the DeFi and web3 industry in general. And things aren't looking good.
Solana co-founder Anatoly Yakovenko has called for another attempt to accelerate SOL disinflation, after a new GitHub discussion proposed improving Solana's tokenomics through a resource-based base fee that would be fully burned.
Solana (SOL) held the low-$80 range on Saturday ET as a cluster of selling signals—from institutional positioning to on-chain treasury flows—kept pressure on the layer-1 token after it failed to sustain May's rally above $95. According to CoinMarketCap data cited in the report, SOL traded at $81.83 in the morning hours Saturday ET, down 1.23% over 24 hours.