Crypto25 August, 20262 min read
Solana Processes Record 4.2 Billion July Transactions as SOL Reclaims $100
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Solana processed a record 4.2 billion on-chain transactions in July. SOL rallied about 40% over eight days, reclaiming above $100 for first time since February.
Solana hits transaction record
Solana processed a record 4.2 billion transactions in July, up 13.5% from the previous month, as SOL surged roughly 40% over eight days to reclaim the $100 level for the first time since February.
The same reporting tied the July activity and price move to a broader recovery in risk assets after the U.S. Treasury announced it would double the minimum size of its long-term debt buybacks to $4 billion per operation.
Cointelegraph, via on-chain data presented by The Kobeissi Letter, said Solana’s July transaction count rose 13.5% from the previous month and was up about 2 billion, or 91%, from December.
The Kobeissi Letter also linked the activity surge to tokenized real-world assets, citing RWA.xyz data that put distributed real-world asset value across tracked blockchain networks above $38 billion.
On Solana specifically, the value of tokenized real-world assets climbed to nearly $4 billion, up roughly 11.8% over the past month, as SOL traded above $100.
Macro boost and tokenized assets
The rally accelerated after the U.S. Treasury Department announced plans to double certain long-dated bond buybacks to at least $4 billion per operation, a move described as pushing yields lower and helping lift risk appetite across crypto markets.
CoinMarketCap data cited in the coverage said SOL advanced about 40% over eight days and briefly pushed the token above $100, its first move past that threshold since February.
RWA.xyz data cited by The Kobeissi Letter showed tokenized real-world assets on Solana nearing $4 billion, while distributed value across monitored networks climbed above $38 billion.
One report also framed the relationship between activity and price by noting that the transaction rebound began before the latest price rally, with transactions rising by roughly 2 billion since December.
Across the same period, the coverage described the tokenized real-world asset market expanding in parallel with Solana’s record transaction pace.
What comes next for SOL
The reporting said the $100 level functioned as a near-term marker for sentiment, with buyers watching whether they could defend recent support and push toward higher resistance zones.
One technical assessment described in the coverage said SOL had reclaimed its main moving averages after a market-wide short squeeze, placing $98 and $100 within reach.
That same assessment said selling pressure emerged after SOL reached an intraday high near $102.88, and buyers later defended the pullback toward $88.
Another analysis published on Aug. 24 found that the daily MACD had turned bearish and identified $100 as the immediate resistance zone.
The stakes were framed in terms of whether sustained network usage could influence discussions around Solana’s fee revenue and validator economics, both tied directly to transaction throughput.