Solana set a new record for the number of transactions in July — 4,244,058,653
Network activity continues to grow. At the beginning of the month, the number of non-voting transactions for the first time exceeded 1 billion per week. The network update reduced fees by 30%, which is boosting usage.
But at the same time, the price of SOL closed July down by 1.1% and remains about 70% below the peak at the start of 2025.
The network is running at full capacity, while the price is stuck in place. There is activity, but capital is in no rush to move in.
Network activity continues to grow. At the beginning of the month, the number of non-voting transactions for the first time exceeded 1 billion per week. The network update reduced fees by 30%, which is boosting usage.
But at the same time, the price of SOL closed July down by 1.1% and remains about 70% below the peak at the start of 2025.
The network is running at full capacity, while the price is stuck in place. There is activity, but capital is in no rush to move in.