Solana Network Surges Past 4 Billion Transactions as SOL Price Reaches New Heights

The Solana network processed a record-breaking 4.2 billion transactions in July, representing a significant increase of 13.5% compared to the previous month.

This surge in activity coincided with a notable rally in the price of SOL, which rose by approximately 40% over an eight-day period and broke above $100 for the first time since February.

The value of tokenized real-world assets (RWAs) on the Solana network is nearing $4 billion, according to data from RWA.xyz. This growth is part of a broader trend in the global tokenized RWA market, which exceeded $38 billion as of August.