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Points of Focus
- SOL traded at $73.61 after losing about 10% over the past 30 days.
- Solana’s RWA value stood near $3.73 billion after the sector reached a $3.81 billion peak on Aug. 4.
- July app revenue rose to $82.9 million, while DEX volume fell 18% to $49.7 billion.
Solana traded at $73.61 on Friday after falling about 10% over the past month, even as capital tied to tokenized real-world assets continued to grow.
Solana’s RWA value stood near $3.73 billion, just below the network’s latest record of $3.81 billion set on Aug. 4. SOL’s price has yet to match the pace of growth in onchain asset value.
Solana RWA growth runs ahead of SOL price
The RWA buildout has accelerated through 2026. Solana Foundation data show RWA value crossed $2.8 billion in May and $3 billion in June, before moving above $3.7 billion in recent weeks. That puts the current value at least $900 million above May’s level, while SOL remains below the roughly $82 level reached in early July.
The composition also extends beyond crypto-native collateral. Tokenized Treasuries, equities, private credit, funds and commodities now sit on Solana, widening the network’s exposure to traditional financial assets.
Solana’s July network economics also strengthened despite the weaker SOL price. Lightspeed data show applications generated $82.9 million in revenue, up 5.6% from June and the highest monthly total since February. Real Economic Value rose 33.7% to $19.1 million.
Solana in four charts:
1. Solana apps generated $82.9M in revenue in July, the highest since February.
2. Solana's share of network revenue climbed to 16.5% in July, now third among all chains and ahead of Ethereum.
3. Stablecoin supply grew to $15.7B, an all-time high.
4.… pic.twitter.com/3ImzZByrfR
— Solana (@solana) August 6, 2026
SOL price faces weaker trading and fund demand
Trading activity provides a counterweight to those stronger fundamentals. Solana DEX volume fell 18% in July to $49.7 billion, while tokenized-asset trading volume dropped 58% from June’s $3.9 billion peak to $1.6 billion. RWA value continued to rise even as trading in tokenized assets slowed during the month.
Fund demand also remained well below its spring pace. Lightspeed put SOL ETP inflows at $18.9 million in July, compared with $110.6 million in May.
The weaker inflow pace provides one reason stronger network revenue and RWA growth have not been matched by a sustained SOL recovery.
If you are tracking the near-term chart, $72 is the first area below $73.61, followed by $70 and the $66 to $67 zone.
Barchart data place SOL’s 20-day average near $75.06 and its 100-day average near $79.80. SOL would need to reclaim those levels before the price structure begins to catch up with the network’s stronger RWA base.
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