Solana Hits Record 4.2B Transactions as SOL Rallies 40%

The headline number is activity, but the more telling detail is the tokenized RWA figure nearing $4 billion — that points to Solana's pitch shifting from retail speculation toward asset issuance, a different and stickier demand base. The open question is whether the transaction record reflects genuine usage or incentive-driven noise, since the two look identical on-chain until incentives fade. How RWA growth and fee activity hold up once the SOL rally cools is what will separate a durable shift from a momentum spike.