Solana\'s daily transaction volume exceeded 100 million, and the weekly non-voting transaction volume exceeded 1 billion. Internet demand continued to be strong.
The average daily transaction volume of Solana\'s network remained at around 100 million, and the weekly non-voting activity transaction volume exceeded 1 billion for the first time, showing that network demand continues to grow. Tokenized asset activity accelerated, and RWA transfers reached US$8.57 billion within 30 days. Solana Decentralized Applications (dApps) achieved revenue of $262 million in the second quarter, maintaining its leading position among major blockchain ecosystems.
With the expansion of trading activity, application revenue and tokenized asset trading, various indicators of the Solana ecosystem continue to improve. Internet usage remained high, and price trends showed a constructive recovery trend.
Internet activity continues to be active
Tanaka recently pointed out that Solana\'s fundamentals are stronger than reflected in its token price chart. Relevant dashboard data shows that economic activity in multiple categories is very active. 
The chart shows that the daily transaction volume is still close to 100 million transactions. Successful transactions continue to dominate overall network activity. In early July, the milestone of weekly non-voting transaction volume exceeding 1 billion was also achieved for the first time, indicating that demand beyond verification node-related operations is growing.
The average daily number of active addresses for the quarter was approximately 1.93 million, and the average daily trading volume of DEX was approximately US$2.09 billion.
Revenue and real-world asset growth
From the end of 2024 to the beginning of 2025, quarterly application revenue increased significantly. Despite a slowdown in activity in the later period, revenue remains at historical highs. According to Tanaka, Solana\'s dApps generated approximately $262 million in revenue in the second quarter, accounting for approximately 41% of all Web3 dApp revenue.
Pump.fun remained the largest revenue contributor for the quarter, with apps such as Jupiter, Raydium, Phantom, and Meteora also contributing significant revenue. Tokenized asset activity accelerated across the ecosystem, with RWA transfers reaching approximately US$8.57 billion within 30 days.
Price structure turns positive
Intra-day charts show Solana is rebounding after weakening in the early trading session. After prices fell sharply to support below, buyers gradually regained control. 
SOL regained the psychological barrier of $78 during the rebound. The market gradually rose through a series of higher lows. After many defenses, the current support level is in the range of $77.00-$77.20. Holding this area will maintain the current rebound structure.
Support levels are also seen at the US$78.18 -78.32 level, where many previous rallies have been blocked. If prices break through this range, the short-term technical aspects will be more optimistic.

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