- Solana processed 2.9B transactions in August, equaling Ethereum’s lifetime count since its launch in 2015.
- The network posted $148M in app revenue and 83M active addresses, doubling year-on-year growth.
- SOL price rose 26.7% in 30 days, peaking at $215, with investors eyeing potential $300 gains in September.
In August 2025, Solana cofounder Anatoly Yakovenko emphasized the volume of transactions taking place on the blockchain when the network completed 2.9 billion transactions. This is equal to the cumulative number of Ethereum since its launch in 2015. Yakovenko posted about the milestone on X, highlighting the scalability and the ability of Solana to handle high-throughput activity.
The update comes amid ongoing criticism of Solana’s reported metrics. By highlighting this statistical data, Yakovenko was referring to the capability of the network to accommodate heavy loads of transactions in a shorter time frame than competitors. Ethereum is one of the most mature blockchains and has never matched the overall Solana posted in a month.
Growth in Revenue and User Activity
According to Solana’s official figures, the network generated $148 million in application revenue in August. This marked a 92% increase compared to 2024, placing Solana ahead of other blockchain ecosystems in revenue performance.
User engagement also expanded. The number of active addresses reached 83 million, doubling on a year-over-year basis. In the same period, developers launched 843,000 new tokens on Solana. Out of these, 357 tokens recorded valuations above $1 million, signaling increased economic activity across the platform.
Solana’s Market Performance
In addition to increased usage, the Solana token (SOL) has been performing well in the price market. Over the past 30 days, SOL has increased by 26.7% with a high of 215. The surge was indicative of the job market as investors hedged in September.
SOL is currently trading at $207.02 with a slight decrease of 0.34 per day. Volume is at 5.62 billion, or 2.87% lower in 24 hours. Despite short-term corrections, sentiment around Solana remains positive, with many market participants expecting the asset to test higher resistance levels near $300.
