Solana processed 4.2 billion transactions in July, a 91% jump in on-chain activity since December. This surge *preceded* the 40% price rip of the last eight days. Network usage led; price followed.
This desk sees price finally catching up to fundamentals. Nearly $4 billion in tokenized RWAs isn't tourist volume. The Treasury's bond buybacks provided the macro spark for a move already coiled.
The run from the $70s is done. Pause before the next leg up, or exit liquidity?
$SOL
More of these coming today. Follow to catch them as they land.
This desk sees price finally catching up to fundamentals. Nearly $4 billion in tokenized RWAs isn't tourist volume. The Treasury's bond buybacks provided the macro spark for a move already coiled.
The run from the $70s is done. Pause before the next leg up, or exit liquidity?
$SOL
More of these coming today. Follow to catch them as they land.
