Solana transactions hit record 4.2B as SOL rallies 40%

Tokenized real-world assets on Solana are nearing $4 billion as network activity accelerates alongside a broader recovery in crypto markets.

Transaction activity on the Solana blockchain reached a record high in July, preceding a sharp rally that pushed SOL above $100 for the first time since February amid a broader crypto market recovery.

Onchain data presented by The Kobeissi Letter showed that Solana processed a record 4.2 billion transactions in July, up 13.5% from the previous month. Transaction counts have risen by roughly 2 billion since December, representing a 91% increase.

The growth has coincided with a broader expansion in tokenized real-world assets. The Kobeissi Letter cited RWA.xyz data showing that the value of distributed RWAs across tracked blockchain networks has climbed above $38 billion.