Solana's staking volume increased by the equivalent of $297 million in September, and the SOL price has risen about 18.1% since the start of the month. According to an analysis by StakingRewards.com, the total amount of SOL staked rose 1% over the past 30 days, and since the start of September it has grown by 2.83 million SOL to reach 496.96 million SOL. That represents about 69.33% of SOL's total supply at the time of publication, and calculated at the 30-day moving average price of $105.86, it comes to the equivalent of about $297 million. The increase came even as the staking reward rate fell 3.28 percentage points to 5.08%, indicating the strength of holders' conviction. On September 15, the Solana Foundation announced that it had raised the layer 1 network's maximum transaction size from 1,232 bytes to 4,096 bytes, which took effect on the mainnet at the start of epoch 1,035.
SolanaStaking volume rose by $297M in September, with 69.33% of SOL supply staked, indicating strong holder conviction and demand for the asset.
The Solana Foundation raised the network's maximum transaction size from 1,232 to 4,096 bytes, a technical upgrade to the layer 1 network.
