Solana recorded a record 4.2 billion on-chain transactions in July, up 13.5% from the previous month, according to The Kobeissi Letter, as network activity continued to climb alongside a broader pickup in crypto market momentum. The report said July transaction volume was 2 billion higher than in December 2025, marking a 91% increase over that period.
At the same time, Solana’s native token SOL rose 40% over eight days and reached its highest level since Feb. 3. The report also linked the increase in activity to tokenized assets, noting that the market capitalization of real-world assets, or RWA, has surpassed $38 billion.
Among the platforms contributing to the growth, Jupiter currently handles 71% of DEX aggregator trading volume on Solana, according to the report. The Kobeissi Letter also said the total cryptocurrency market capitalization has increased by $580 billion since Aug. 16, with on-chain transaction activity returning to historic highs.
Solana posted a record 4.2 billion on-chain transactions in July, a 13.5% increase from the previous month, according to The Kobeissi Letter, as cited by ChainCatcher.
Compared with December 2025, transaction volume increased by 2 billion, representing a 91% gain. Over the same period, Solana’s native token SOL climbed 40% in eight days and reached its highest level since Feb. 3.
The report said rising on-chain activity was also supported by tokenized assets, with the market capitalization of real-world assets (RWA) now above $38 billion. Several on-chain platforms contributed to that growth, and Jupiter currently processes 71% of DEX aggregator trading volume on Solana.
The Kobeissi Letter added that total cryptocurrency market capitalization has increased by $580 billion since Aug. 16, while on-chain transaction activity has returned to historical highs.
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