Solana Processes Record 4.2 Billion Transactions as SOL Gains 40 % in July

Solana’s blockchain saw a sharp increase in activity in July, reaching a new high of 4.2 billion processed transactions, according to on‑chain data from The Kobeissi Letter. The volume represents a 13.5 % rise from June and a 91 % increase since December.

Transaction Growth and Tokenized Assets

The surge in transactions coincides with expanding tokenized real‑world asset (RWA) exposure on Solana. Data from RWA.xyz shows the value of RWAs on the network climbed to nearly $4 billion, up roughly 11.8 % over the previous month.

SOL Price Rally

During the same period, SOL’s price rose about 40 % over eight days, pushing the token above the $100 mark for the first time since February. The price movement aligns with a broader recovery in cryptocurrency markets, as reflected in CoinMarketCap data.

Market Context

The rally followed an announcement by the U.S. Treasury Department to double certain long‑dated bond buybacks to at least $4 billion per operation, a policy shift that lowered yields and boosted risk appetite across crypto assets.