Solana News Today: Solana's Rocketing Transactions Signal a New Era in Blockchain Speed and Scale

Solana's blockchain network has demonstrated significant momentum in recent months, particularly in transaction volume, outpacing even Ethereum in key metrics. Over the past month, Solana processed an impressive 2.9 billion transactions, marking a 46% year-over-year increase and exceeding the combined transaction volumes of all other major blockchain networks by more than four times. This surge in activity underscores Solana’s growing adoption and efficiency in handling high-throughput transactions at a relatively low cost compared to other platforms [2].

The surge in Solana’s transaction count coincided with a notable rise in app revenues, with over $148 million generated from decentralized application (dApp) activity in August alone. A substantial portion of this revenue was attributed to decentralized exchange (DEX) trading, where platforms facilitated approximately $85 million in trades. The continued growth in DEX activity highlights Solana’s role as a major hub for decentralized finance (DeFi), with its ecosystem expanding in both volume and diversity [2].

In addition to transaction volume and app revenues, Solana also saw substantial increases in value locked (TVL), a key indicator of DeFi activity. The TVL on the Solana network grew from $8.5 billion to $9.5 billion within the month, extending into September with a further rise to $11.51 billion. This growth was complemented by a significant increase in stablecoin liquidity, which reached over $12.26 billion. The chain’s capacity to attract and retain capital in its DeFi protocols is a testament to its performance and scalability [2].

Solana’s native token, SOL, also experienced a bullish trend during the same period, with the price rising from around $163 to a peak above $215. This price movement was accompanied by a 30% increase in open interest for SOL derivatives, which remained above $6 billion. Notably, the majority of these derivative settlements occurred on-chain, rather than through centralized exchanges. This shift reflects growing confidence in the Solana ecosystem and its infrastructure for handling complex financial instruments [2].

The network’s success was further amplified by the rapid deployment of new tokens. In August, Solana saw the launch of 1.34 million new tokens, many of which were memecoins. While most of these tokens did not progress to DEX trading, their creation contributed to increased activity and liquidity within the broader Solana ecosystem. Platforms like Pump.fun played a key role in facilitating these token launches and generating fees, reinforcing the platform’s role as a breeding ground for new digital assets [2].

Solana’s competitive edge in the blockchain space has been further solidified by its expansion into real-world asset (RWA) tokenization and liquid staking. The network saw a surge in RWA tokenization, with over $500 million in value being tokenized, primarily in the form of equity. Liquid staking protocols, such as Marinade Finance, also contributed to the chain’s growth, with notable activity including token burns and increased user participation in DeFi protocols.

Source:

[1] Solana On-Chain Data and Charts for Transactions, Fees ... (https://www.theblock.co/data/on-chain-metrics/solana)

[2] Solana had a successful month in August, with app ... (https://www.mitrade.com/insights/news/live-news/article-3-1096761-20250905)