1d ago

Solana posts 5.2 BILLION non-vote on-chain transactions in August, up 19% from July’s record

AI Market Summary

Solana reported a record 5.2B non-vote transactions in August (+19% vs. July), signaling a sharp rebound in network utilization. The surge was largely driven by memecoin activity, with weekly spot volume reaching $5.2B, the highest since November 2025. Stronger on-chain throughput and trading demand can improve liquidity and reinforce Solana's positioning among high-activity L1 ecosystems in the near term.

Impact level

● Medium

Affected assets

SOL/USDT-0.79%

AI Insight · SOL/USDTAI Insight

▲ Bullish

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Solana recorded 5.2 BILLION non-vote on-chain transactions in August, marking an all-time high. The total was 19% above July’s previous record, excluding consensus voting traffic. Memecoin trading led the increase, with weekly spot volume reaching $5.2 BILLION, the highest since November 2025.

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