Transaction volume on the Solana blockchain reached a record 4.2 billion in July, according to onchain data from The Kobeissi Letter, up 13.5% from June and nearly doubling since December. The increase reflects a 91% jump in activity over the past seven months.
The rise in network usage has paralleled growth in tokenized real-world assets on Solana, which now exceed $4 billion in value, according to RWA.xyz. Across all blockchains, the total value of distributed RWAs has climbed above $38 billion.
SOL’s price has climbed roughly 40% over eight days, breaching $100 for the first time since February, as broader crypto markets rebounded. The rally accelerated after the U.S. Treasury announced plans to double long-dated bond buybacks to at least $4 billion per operation, a move that reduced yields and boosted risk appetite.
The combination of rising transaction activity and tokenized asset expansion underscores Solana’s growing role in decentralized finance and real-world asset tokenization.
