Solana Sets All-Time Record for Blockchain Network Activity
Solana (SOL)
Editor:
Eugene Serbin
Solana recorded 169.9 million transactions on August 4, 2026, establishing a new all-time high for blockchain network activity, according to data from Blockworks cited by finance.yahoo.com. Despite this surge in usage, the coin's price remained 63% below its January 2025 peak as of August 27. The network's growth is largely driven by tokenized stocks, which saw $5.8 billion in volume during the second quarter, a 114% increase from the prior quarter.
Perpetual futures also contributed significantly, with Solana exchanges clearing $148 billion in volume during Q2. This brings the cumulative all-time perpetuals volume to approximately $1.1 trillion, ranking second in the crypto sector behind Hyperliquid. However, network fees fell 44% quarter-over-quarter to $41 million, and low fee burn rates mean new supply issuance continues.
Despite the disconnect between activity and price earlier in the year, Solana climbed 46% in the 30 days ending August 27. The Motley Fool analyst team recommends buying and holding Solana for the long term, suggesting dollar-cost averaging to manage volatility. They note that while Solana was not included in their latest top 10 stock picks, its on-chain traction supports future growth. Alex Carchidi holds positions in both Hyperliquid and Solana, and The Motley Fool has disclosed positions in both assets.
How the market reacted
Whalio's own Binance spot order flow for SOL, measured when this story was written up on 30 August 2026. Not the outlet's figures.
Solana is trading at $105.61 with a 24-hour buy ratio of 54.4%, indicating that buyers are currently controlling more than half of the market volume. The 1-hour buy ratio stands at 54.8% and the 4-hour ratio at 57.2%, showing that buying pressure is stable and slightly stronger in the shorter timeframes compared to the full day. Volume deltas are positive across all periods, with the 24-hour delta reaching +$13,136,167, which signifies that aggressive market buy orders are outpacing sell orders. The Cumulative Volume Delta for the 24-hour close is +$9,118,648, confirming sustained net inflow from buyers. Over the last 24 hours, there were 13 hours of net buying activity out of 24, further supporting the bullish sentiment. Spot volume for the period reached $150,292,677 with 532,121 trades executed.
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 23 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.
Over the preceding seven days, the average buy ratio was 51.9%, making today's 24-hour ratio of 54.4% an unusual day with 2.4 percentage points more buying pressure than the weekly average. The 24-hour spot volume of $150,292,677 is 0.32 times the weekly average volume, indicating that while buying pressure is higher, the total volume traded is lower than typical for this period. This period has seen six days of net buying out of seven, with a total volume delta of +$134,158,796 over eight days. The price has risen 12.6% over the eight-day period, reflecting the cumulative effect of this consistent buying pressure. Compared to the weekly average, today represents a day of relatively lower volume but stronger directional buying intent.