Solana sets new weekly record for non-voting transactions

Solana activity has remained elevated for the past four weeks. In the previous week, the network carried a record 1.3B of non-voting transactions, showing a revival linked to meme token activity. 

Solana transaction activity picked up in August, reaching a series of records. Weekly non-voting transactions regularly moved above the 1B milestone. 

The increased Solana activity is based on around 2.6M daily active users, who are nevertheless performing a larger number of transactions. As a result, Solana also achieved a multi-year high for its daily burn rate, up to 1.53% as of August 23. For Solana, this is the highest burn rate since the start of 2025. 

The main sources of transaction activity for Solana are the most widely used apps. The chain achieves over $10M in daily app-based fees, with over $250M in monthly app revenues. Recent transaction growth shows Solana quickly reacts to improved crypto sentiment, as well as renewed attempts to revive meme token launches. 

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