- Solana processed 2.9B transactions in August 2025, matching Ethereum’s lifetime total in just one month.
- Network revenue hit $148M in August, while active addresses doubled year-over-year to 83M.
- Institutional demand is heating up, with DeFi Development Corp boosting its Solana holdings to over $409M.
Solana just pulled off a staggering milestone that its co-founder, Anatoly Yakovenko, couldn’t help but brag about on X. In August 2025 alone, the Solana network processed 2.9 billion transactions. To put that into perspective—that’s about the same number of transactions Ethereum has managed since launching way back in 2015.
What makes it wilder is that this wasn’t just a random spike. Transaction throughput jumped 46% compared to August of last year, meaning Solana’s network is not only scaling, it’s scaling at breakneck speed. Ethereum needed eight years to reach that figure, Solana cranked it out in 30 days.
Yakovenko also pointed out some other record-breakers: app revenues for the month hit $148 million, almost double what they were in August 2024. On top of that, Solana’s active addresses doubled to 83 million, and more than 1.3 million new tokens launched on the chain in just one month—fueled in part by meme-token mania.
Solana’s Growth Story: Users, Revenue, and Meme Tokens
Solana didn’t just move transactions—it pulled in serious money. On-chain app revenue jumped nearly 93% year-over-year, putting it ahead of competing networks by a wide margin. The growth shows Solana isn’t just fast; it’s monetizing that speed.
User adoption surged too. With 83 million active wallets in August, the network doubled its user base in a year. That kind of growth is rare in crypto right now. And while meme coins might be driving the bulk of those 1.34 million new token launches, it still speaks to how much developer activity is flowing into Solana.
Yakovenko summed it up bluntly: “2.9 billion txs last month for Solana vs Ethereum has done about 2.9 billion txs in its lifetime.” The comparison wasn’t just about bragging rights—it underscored Solana’s positioning as the blockchain best equipped for scale.
Institutions Bet Big on Solana
The bullishness wasn’t limited to users and devs. DeFi Development Corporation (Nasdaq: DFDV) announced it had purchased another 196,141 SOL at an average of $202.76. That brings its total to over 2 million SOL, worth roughly $409 million.
The firm adopted a Solana treasury policy earlier this year, and it’s not just holding tokens—it’s actively staking them across validators (including its own). That strategy lets it earn yield while helping secure the network. As of September 5, DFDV reported a “SOL per Share” ratio of 0.0793, giving investors a way to directly value its Solana reserves.
SOL Price Action: A Bullish Signal?
With all the momentum, Solana’s price has reflected the optimism. SOL rallied more than 26% in the last 30 days, climbing from around $160 in early August to a peak of $215 by early September. At press time, it was sitting near $207, with a whopping $5.6 billion in 24-hour volume.
The price action hasn’t been perfectly smooth—there were small pullbacks along the way—but traders seem to agree that Solana’s fundamentals are backing up the rally. If usage keeps growing at this pace, many investors believe the $215 mark could just be another stepping stone.
