The Kobeissi Letter|Aug 25, 2026 16:28
BREAKING: Total onchain transaction count on Solana hit a record 4.2 billion in July, up +13.5% month-over-month.
This marks an increase of 2 billion transactions compared to December 2025, or +91%.
The surge in activity comes as Solana, SOL, rallied +40% in 8 days to its highest level since February 3rd.
Also contributing to the increase in Solana onchain trading activity is tokenized assets, with RWA market cap now above $38 billion.
Several onchain platforms have helped catalyze this growth, including Jupiter which now processes 71% of DEX aggregator volume on Solana.
In total, crypto has added +$580 billion in market cap since August 16th.
Onchain trading activity is officially back to record highs.(The Kobeissi Letter)
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