TLDR
- Solana processed a record 4.2 billion transactions in July 2026, up 13.5% from June
- Monthly transactions have risen 91% since December 2025
- Tokenized real-world assets on Solana climbed to nearly $4 billion
- SOL crossed $100 for the first time since February after an 8-day 40% rally
- U.S. Treasury plans to double long-dated bond buybacks helped lift crypto markets
Solana’s network activity hit an all-time high in July 2026, with 4.2 billion transactions processed on the blockchain. That figure is up 13.5% from June and represents a 91% increase since December 2025.
BREAKING: Total onchain transaction count on Solana hit a record 4.2 billion in July, up +13.5% month-over-month.
This marks an increase of 2 billion transactions compared to December 2025, or +91%.
The surge in activity comes as Solana, $SOL, rallied +40% in 8 days to its… pic.twitter.com/79JuX0mAUu
— The Kobeissi Letter (@KobeissiLetter) August 25, 2026
The week of Aug. 17–23 was Solana’s busiest seven-day period ever, with 1.32 billion non-vote transactions recorded. Live data from DefiLlama also showed around 109 million transactions and 2.7 million active addresses in a single 24-hour window on Aug. 25.
DEX volume on Solana jumped 103% week-over-week to $20.14 billion. Daily volume stood near $3.02 billion. Jupiter, a decentralized exchange aggregator, now handles 71% of all DEX aggregator volume on the network.
Solana’s stablecoin supply reached $15.94 billion, up 3.58% in seven days. USDC makes up 44.95% of that total.
Tokenized Real-World Assets Near $4 Billion
Tokenized real-world assets on Solana reached $3.97 billion by Aug. 25, up 11.81% over 30 days, according to RWA.xyz. The platform tracked 1,243 assets on the network.
🚨BREAKING: @Solana's RWA ecosystem has surpassed $4 billion in total value, reaching a new all-time high, while the number of holders has exceeded 350,000. pic.twitter.com/mXEhFf9vXZ
— SolanaFloor (@SolanaFloor) August 24, 2026
At the end of July, the Solana Foundation reported RWA value at $3.73 billion with over 313,000 holders. That means roughly $240 million in additional value was added in under a month.
Across all blockchain networks tracked by RWA.xyz, total distributed RWA value stood at $38.18 billion. Tokenized U.S. government debt accounted for $15.64 billion of that total.
SOL Breaks $100 for First Time Since February
Solana gained around 40% over eight days, crossing $100 for the first time since February. The token hit an intraday high of $102.88 before pulling back toward $88. Buyers stepped in and pushed the price back into the mid-$90s.
A key catalyst came on Aug. 19 when the U.S. Treasury announced it would at least double the size of liquidity-support buybacks for long-dated bonds, raising the maximum from $2 billion to $4 billion per operation starting Sept. 9.
The 30-year Treasury yield dropped from a 19-year high of 5.34% to around 5.19% following the announcement. That eased pressure on risk assets and helped drive one of crypto’s strongest single-day rallies since March.
Financial analyst account The Kobeissi Letter highlighted the record transaction data on X, noting that crypto markets have added $580 billion in total market cap since Aug. 16. They also pointed to Jupiter’s dominant role in Solana’s DEX ecosystem as a driver of onchain activity.
SOL remains well below its January 2025 all-time high near $295. U.S. spot Solana ETFs, which launched in late 2025, had attracted over $1.12 billion in cumulative inflows by May 2026.
