Solana Tops Layer 1 and Layer 2 Chains, Outshines Tokenized Stocks in August as per Report
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Solana, the popular blockchain platform, maintained its strong position in the crypto market throughout August, according to recent data.
In the realm of active wallets, Aptos led the way for multi-day counts, but Solana managed to sustain top positions in single-day usage and transfer counts. Solana even outpaced Binance Smart Chain sixfold in network speed, reaching an impressive 839 transactions per second (TPS) in August.
Solana's dominance extended to the decentralised exchange (DEX) market, where it captured 35% of the total volume, just slightly ahead of Ethereum at 34%. This strong performance was also evident in the memecoin market, where Solana topped $133.3 million in market cap, significantly higher than Base's $32.7 million.
The platform's strength was further reinforced in the tokenized stock trading sector. Despite Ethereum's leading role in this market, as demonstrated by Republic Technologies' use of Ethereum validators for their attestation platform, Solana captured over 97% of the volume in tokenized stock trading via xStocksFi since its launch on June 30, 2025.
Solana also showed a lead in stablecoin supply, ranking third with 260 billion across chains, and in the NFT market, where it ranked third in trade volume and trader counts.
Data from Syndica supports the notion that while competitors like Aptos, Polygon, and Base are growing, Solana continues to hold a lead across multiple crypto segments. Parallel chains, including Solana, averaged five times higher transactions per second (TPS) and produced blocks in 0.33 seconds, roughly nine times faster than EVM-based networks like Ethereum.
By the end of August, Solana had amassed over 51 million unique wallets, demonstrating its widespread adoption and continued growth in the crypto market. Solana's August performance showcased a lead in high TPS, active wallets, tokenized stocks dominance, DEX volume, and memecoin leadership, solidifying its position as a key player in the crypto landscape.
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