Solana hits 5.2 billion non-vote transactions in August
Solana (SOL)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Solana achieved a new all-time high for monthly non-vote transactions in August. The network processed 5.2 billion such transactions, marking a 19% increase from the record set in July. Non-vote transactions exclude validator voting activity, providing a clearer view of actual network usage.
This surge indicates aggressive engagement from users and applications across Solana-based protocols. The asset also experienced a notable price breakout, reclaiming a multi-month high around $109. Solana recorded a massive monthly return of 41%, its highest gain since November 2024.
The network continues to strengthen its foothold within the DeFi ecosystem. This data highlights the rapid growth in activity levels on the chain. The milestone reflects sustained momentum following the mid-month rally. Solana remains a key player in the current market landscape.
How the market reacted
Whalio's own Binance spot order flow for SOL, measured when this story was written up on 1 September 2026. Not the outlet's figures.
Current Binance spot data shows Solana trading at $103.06 with a 24-hour buy ratio of 49.4%. The 1-hour buy ratio sits lower at 40.2%, while the 4-hour ratio is 46.3%, indicating that short-term buying pressure is fading relative to the daily average. Volume delta is negative across all timeframes, with -$5.6 million in the last hour and -$3.6 million over four hours. This negative delta suggests that sell volume is currently outweighing buy volume on Binance. The 24-hour cumulative volume delta is -$19.7 million, confirming net selling pressure over the day. Only 6 of the last 24 hours saw net buying, highlighting a shift toward distribution.
The latest daily buy ratio of 48.8% sits at the 27th percentile of the last 322 days, against a median of 50.0% - weaker buying than most days.
Twenty-four hours later
What SOL did over the 22 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for SOL, averaged over the days leading up to the story.
The current 24-hour buy ratio of 49.4% is slightly below the 7-day average of 51.6%, showing a minor deviation from recent trends. Volume for the day is at 0.60x the weekly average, indicating significantly lower trading activity than usual. This represents an unusual day for the coin, characterized by reduced participation compared to the preceding week. While the weekly volume delta was positive at over $80 million, the current day shows a net outflow. The coin has gained 4.1% over the past eight days, but today’s activity is notably quieter.