Solana has achieved a landmark week, processing over 1.01 billion non-vote transactions across its network, a figure that underscores the blockchain’s scalability and growing real-world utility. The surge comes as two global financial giants deepen their engagement with Solana’s infrastructure.
BlackRock, the world’s largest asset manager, filed with the SEC to issue tokenized shares of its BRSRV fund on Solana, signaling strong institutional confidence in the network. Simultaneously, Western Union launched its USDPT-powered Stablecard on Solana, rolling out the payment solution across 37 markets and highlighting the blockchain’s readiness for mainstream financial applications. The network also captured approximately $1.45 billion in tokenized equities volume in July, further reinforcing its position as a leader in decentralized finance activity.
On the price front, SOL is battling to stay above $75 and testing its 50-day EMA near $76.54, with traders eyeing the $80 resistance as a trigger for further upside. Institutional demand through SOL-focused ETFs remains robust, with $7.20 million in inflows recorded last week—the fourth consecutive week of positive flows. However, derivatives data shows mixed retail sentiment: open interest slipped 1.60% to $4.81 billion, while trading volume jumped roughly 38% to $4.24 billion and funding rates ticked up to 0.0088%, hinting at an increase in long positions. A break above $80 could open the door to higher levels, whereas a decline below key support at $70.86 would expose SOL to deeper losses.
