Solana has reached a new all-time high in blockchain activity, processing over 1.01 billion non-vote transactions during the week ending August 2. Throughout 2025, weekly transaction counts have consistently exceeded 800 million, driven by decentralized finance, stablecoin transfers, token launches and consumer applications. SOL is currently trading near $74, below its 50-day, 100-day and 200-day moving averages, after rebounding from June lows below $65. The RSI stands around 46 and trading volume has declined during consolidation, highlighting the growing disconnect between record network fundamentals and muted price action.
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