Solana Just Set an All-Time Record for Blockchain Network Activity. Does That Make Solana a Buy, Sell, or Hold Right Now?
Alex Carchidi, The Motley Fool
Sun, August 30, 2026 at 6:08 PM GMT+3 4 min read
On Aug. 4, 2026, Solana (CRYPTO: SOL) broke its all-time record for activity on its blockchain, recording 169.9 million transactions, according to data from Blockworks. Breaking that record has happened repeatedly this year, even as the coin's price fell. As of Aug. 27, it's still 63% below its peak price in January 2025.
So is the coin worth buying now that it's clearly gaining some traction? Or is it better to sell it because its transaction activity hasn't been closely tied to its price this year?
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Tokenized stocks hit a record $5.8 billion in volume
One of the factors in favor of buying Solana on the basis of its increasing on-chain activity is that the composition of its transaction volume changed a lot this year. In doing so, it supported a core part of the bull thesis.
Tokenized stocks are essentially blockchain tokens that are backed by shares of public companies, and as a group, they're one of the most anticipated drivers of growth on Solana.
The network's decentralized exchanges reported about $5.8 billion in tokenized equity volume in the second quarter, a jump of 114% over the prior quarter, a new all-time high for the category. That's so large an increase over the same quarter in 2025 ($1.3 million) that the percentage of growth isn't meaningful to calculate. In Q2 of this year, an estimated 95% of on-chain tokenized equity trading ran through Solana, per data from Crypto Briefing, so the chain appears to be capturing the segment almost without contest.
Perpetual futures contracts are the second avenue that's creating a lot of traffic.
In Q2, Solana saw $148 billion in perpetuals volume, its most ever. Solana's exchanges have cleared around $1.1 trillion in cumulative all-time perpetuals volume as of Aug. 25, a tally that's No. 2 for the category in the entire crypto sector, behind only Hyperliquid.
Rising activity isn't guaranteed to accrue to price
The weak link in the bull thesis is that Solana's holders are not necessarily gaining much directly from the activity.
Per DefiLlama, Solana's network fees fell 44% quarter over quarter in Q2, reaching $41 million. What's more, only a small portion of each transaction is destroyed, which means that the coin's utilization doesn't really cut down on its constant issuance of new supply. This month, though, the coin's price does appear to be reacting strongly to the new highs in activity, climbing 46% in just the 30-day period ending Aug. 27. These highs likely portend more capital and even more activity coming to the network, and soon.
This coin is thus worth buying now and holding for at least the next handful of years. Just be mindful that dollar-cost averaging (DCAing) is probably the best way to build your position, as it tends to be fairly volatile.
Should you buy stock in Solana right now?
Before you buy stock in Solana, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Solana wasn't one of them. The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $440,710!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,335,252!*
That performance is why people listen. With a track record of beating the S&P 500 by nearly 5x, Stock Advisor offers a distinct advantage. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built for the long haul.
*Stock Advisor returns as of August 30, 2026.
Alex Carchidi has positions in Hyperliquid and Solana. The Motley Fool has positions in and recommends Hyperliquid and Solana. The Motley Fool has a disclosure policy.
Solana Just Set an All-Time Record for Blockchain Network Activity. Does That Make Solana a Buy, Sell, or Hold Right Now? was originally published by The Motley Fool
Yorumlar (0)
Giriş yaparak yorum yazabilirsin.
İlk yorumu sen yaz.