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Solana records 4.2B July transactions
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Solana records 4.2B July transactions

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  • Solana (CRYPTO:SOL) processed a record 4.2 billion transactions in July, up 13.5% from June.
  • SOL has rallied roughly 40% over eight days, rising above $100 for the first time since February.
  • Tokenised real-world assets on Solana reached nearly $4 billion as broader network activity increased.

Solana (CRYPTO:SOL) processed a record 4.2 billion transactions in July, while tokenised real-world assets approached $4 billion on the network.

July transaction activity increased 13.5% from June and has risen about 2 billion since December.

The increase coincided with a broader crypto market recovery that pushed SOL above $100 for the first time since February.

Data cited by Cointelegraph showed distributed tokenised real-world assets across tracked blockchains exceeded $38 billion.

Solana's tokenised real-world asset value reached nearly $4 billion, representing an increase of about 11.8% over the previous month.

SOL has rallied roughly 40% over eight days, while the token was priced at about $97.28 when the article was published.

The broader recovery also followed plans by the US Treasury Department to double certain long-dated bond buybacks to at least $4 billion per operation, according to the report.


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