Solana Surges Past 112M Daily Transactions, Tokenized Equities Soar

Solana's network is experiencing rapid growth, setting a new record for daily non-vote transactions at 112 million. This surge in activity is driven by the increasing demand for tokenized assets on the platform.

The total value of tokenized equities on Solana has surpassed $465 million, with a long-term rise from near zero in mid-2025 to over $400 million this year. Despite some pullbacks along the way, the trend is upward.

This growth could lead to more activity on the network and potentially support demand for SOL in the future. Currently, SOL's price has jumped towards $88, with the August 19 surge contributing to the rally.

However, a close look at the technicals reveals that SOL may be overbought, with an RSI of 77 indicating a potential short-term pullback is possible.