BREAKING: Total onchain transaction count on Solana hit a record 4.2 billion in July, up +13.5% month-over-month. This marks an increase of 2 billion transactions compared to December 2025, or +91%. The surge in activity comes as Solana, $SOL, rallied +40% in 8 days to its highest level since February 3rd. Also contributing to the increase in Solana onchain trading activity is tokenized assets, with RWA market cap now above $38 billion. Several onchain platforms have helped catalyze this growth, including Jupiter which now processes 71% of DEX aggregator volume on Solana. In total, crypto has added +$580 billion in market cap since August 16th. Onchain trading activity is officially back to record highs.

It’s becoming abundantly clear to me that being the fast second mover might be the best place to be in crypto. We have enough data at this point to say that being first matters much less than in other industries, where technical moats tend to be much deeper and harder to replicate. @base has been around for almost three years. @RobinhoodApp Chain has been around for barely two months. Yet Robinhood was able to take a lot of the learnings from Base, execute on them extremely quickly, and enter at a time when the infrastructure and crypto primitives are far more mature and efficient. It also got to bypass a lot of the distractions and dead ends along the way: social graphs, the creator economy, NFTs, etc. Remember: the pioneer often gets killed before the settler can take advantage of the land. You don’t necessarily want to be the pioneer. You want to be the first settler. @Blockworks data