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Solana logs record 5.2 billion non-vote transactions in August

Solana’s activity rose even as gross network revenue over the first half of 2026 fell to $141 million from $1.09 billion a year earlier, with weaker blockspace competition cited as the driver.

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Solana processed a record 5.2 billion non-vote transactions in August, the network said, with the total described as 19% above July. The outlet notes the non-vote metric is designed to exclude validators’ consensus messages, offering a cleaner read of application activity, though it can still include both successful and failed transactions.

However, gross network revenue tied to network use moved in the opposite direction. According to 21Shares calculations cited by CryptoSlate, gross network revenue, including fees and tips, fell to $141 million in the first half of 2026 from $1.09 billion in the first half of 2025, with the figures not directly comparable because the transaction count covers the month ended Aug. 31 while the revenue comparison covers the six months through June.

CryptoSlate also reports that 21Shares traced the revenue decline to weaker competition for blockspace. It said priority fees and Jito tips drove 95% of H1 2025 gross revenue, split 40% and 55%, and that those higher-value charges shrank as the memecoin boom cooled.

The trading mix shifted as well, with memecoins falling from 40% of Solana spot trading volume in H1 2025 to 16% in H1 2026, while stablecoin swaps rose from 6% to 19%. CryptoSlate adds that a DeFi Development Corp. shareholder letter filed with the SEC put Solana’s Q2 network revenue at $51 million, down 43% from Q1 and 81% year over year, and that median transaction fees were $0.00043, while shorter-term validator fee data improved late August.

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