SOL price gained 26.7% over the past month, peaking at $215 before easing to $207.
Solana co-founder Anatoly Yakovenko posted on X that in August 2025 the Solana network processed 2.9 billion transactions, matching the total number of transactions Ethereum has ever handled since its 2015 launch.
That was up about 46% from a year earlier, meaning Solana cranked through one month’s worth of work that took Ethereum years.
Yakovenko’s post also noted other record figures: roughly $148 Million in application revenue for August, about a 92% jump versus Aug 2024.
Additionally, he shared that Solana blockchain has about 83 million active addresses, doubling August 2024. On-chain analytics show 1.34 million new tokens launched on Solana in August.
Yakovenko highlighted Solana’s throughput by pointing out that 2.9 billion transactions in one month outpaces all comparable chains.
As he put it, “2.9 billion txs last month for Solana vs Ethereum has done about 2.9 billion txs in its lifetime.” In practical terms, Solana accomplished in 30 days what Ethereum needed eight years to reach.
The August volume represented a 46% year-over-year increase and was more than four times the combined on-chain activity of all other networks.
In short, August’s record volume showcased Solana’s scalability compared to Ethereum’s more moderate growth rate.
The August surge wasn’t just in raw transactions. Yakovenko noted Solana apps generated $148 Million in revenue that month, roughly double the figure for August 2024.
On-chain data confirm the $148 Million, noting about a 93% year-over-year jump in app fees. This put Solana well ahead of other chains on an app-revenue basis.
User adoption metrics also hit new highs: active addresses on Solana reached about 83 million in August, twice the count a year earlier.
And on-chain trackers report over 1.34 million new tokens were launched on Solana in August, driven largely by meme-token projects.
Together, these figures indicate strong growth in Solana’s developer activity and user engagement.
SOL treasury optimism is raising its price. The biggest move came from DeFi Development Corporation (Nasdaq: DFDV), which disclosed the purchase of 196,141 SOL at an average cost of $202.76 per token.
The acquisition lifted the firm’s total Solana holdings to 2,027,817 SOL, worth roughly $409 Million.
DeFi Development said it intends to keep the position long-term, staking tokens across multiple validators — including its own infrastructure — to earn yield and fees.
The company, formerly known as Janover, adopted a Solana-focused treasury policy in April 2025.
Alongside direct token ownership, it has invested in validator operations to support the network and capture staking rewards.
As of September 5, DeFi Development had 25.57 million outstanding shares, translating to a “SOL per Share (SPS)” ratio of 0.0793.
The metric is designed to help investors gauge the value of its Solana reserves relative to the stock price.
SOL price reflected the upbeat data. Over the past 30 days, SOL rose about 26.7%, climbing from the mid-$160s in early August to a peak around $215 in early September.
As of September 5, it was trading near $207. Trading volume remained very high (roughly $5.6 Billion over 24 hrs), suggesting heavy trading interest.
Investors noted the rally as evidence of growing confidence in Solana’s trajectory. Despite a brief pullback, many traders remain bullish that SOL’s momentum could extend if usage stays strong.
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