Solana Smashes Records Amid Weak Crypto Prices

Solana's network set a new record by processing over 1 billion non-vote transactions last week, despite weak cryptocurrency prices and uncertain market sentiment.

This milestone surpassed earlier peaks associated with major memecoin launches, including the January 2025 debut of $TRUMP and the early-July launch of $ANSEM.

The record was driven largely by trading, with memecoins accounting for 28% of weekly DEX activity. This confirms that speculative assets remain central to network usage.

Solana's application revenue has also begun to recover after months of decline, rising 32% from early-April lows to reach $23.9 million last week.