TLDR
- Solana posted its first green monthly candle in 10 months in August 2026.
- The monthly MACD is nearing a bullish crossover, and the monthly RSI broke a near two-year downtrend.
- SOL’s real-world asset (RWA) ecosystem hit a new all-time high of $4.35 billion.
- RWA holders on Solana climbed past 420,000 wallets.
- Solana captured 67% of multichain memecoin volume on September 7, nearly 3x Robinhood’s share.
Solana’s price action turned positive in August 2026, breaking a losing streak that had lasted ten months. It was the first green monthly candle for SOL since the downtrend began nearly a year earlier.
The shift came as the monthly MACD indicator moved closer to a bullish crossover. SOL’s monthly RSI also broke a downtrend that had held for close to two years.
Despite the improvement, SOL remains well below its previous highs. A single green month does not confirm a full trend reversal on its own.
Even so, after months of pressure, market bulls now have something to work with.
Real-World Assets Hit a New High
Solana’s real-world asset ecosystem crossed $4.35 billion in total value, a new all-time high for the network. Analytics account SolanaFloor shared the milestone in a post on X, pointing to the fresh RWA total.
The number of wallets holding RWA tokens on Solana also climbed past 420,000. These figures place Solana among the largest networks for tokenized assets, competing directly with chains like Ethereum.
Memecoin Volume Leans Toward Solana
Solana also led spot decentralized exchange memecoin volume among tracked chains on September 7. SolanaFloor posted on X that Solana’s share reached about 67% of that volume.
— SolanaFloor (@SolanaFloor) September 8, 2026
That figure was close to three times higher than Robinhood’s 23% share on the same day. BNB Chain held the next largest share at 9%.
Memecoin trading has remained one of the largest sources of on-chain activity for Solana. A continued lead in this category could keep transaction demand and liquidity elevated across the network.
As of September 9, these developments, the price shift, the RWA milestone, and the memecoin volume lead, mark the most recent data points for Solana.
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