Solana transactions hit record 4.2B as SOL rallies 40%

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.

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Solana transactions hit record 4.2B as SOL rallies 40%

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Key Facts

Fact 1: 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.
Fact 2: 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.
Fact 3: Transaction counts have risen by roughly 2 billion since December, representing a 91% increase.
Fact 4: The Kobeissi Letter cited RWA.xyz data showing that the value of distributed RWAs across tracked blockchain networks has climbed above $38 billion.

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.

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Original source: Cointelegraph