Solana Surges 40%, Hits Record Transactions as $100 Level Falls

Solana's network has set multiple records in July, processing a record 4.2 billion transactions and reaching a weekly high of 1.318 billion non-voting transactions.

This marks a 13.5% increase from the previous month and nearly doubles December's monthly transaction count to 9.8 billion.

The SOL token has surged approximately 40% over eight days, reclaiming the $100 level for the first time since February and reaching a market capitalization of $58.19 billion.

Crypto analyst Javon Marks identifies $233.80 as a potential target if sustained buying follows, implying roughly 139% upside from current levels.