Solana's daily token burn hit 87,000 SOL on August 21, its highest in almost seven months, as the network's real-world asset ecosystem separately crossed $4 billion in value with holders topping 350,000. Prediction markets nudged up the odds of Solana reaching $160 by September 1, 2026, though they remain low.
Daily burn jumps far above the norm
Solana's onchain activity surged on August 21, pushing the daily token burn to 87,000 SOL, according to SolanaFloor. That figure marks the network's highest daily burn in almost seven months and far exceeds the typical daily burn of around 648 SOL. The spike points to heightened network usage, likely tied to increased transaction volume or specific user behavior.
The burn event has introduced a new variable for market observers to weigh. Traders reacted quickly in prediction markets tracking Solana's price trajectory for the rest of August.
Prediction markets edge higher on Solana price targets
Odds on Solana reaching $160 by September 1, 2026 ticked up after the burn news, with YES shares priced at 1.4%, compared with 1% just 24 hours earlier. The shift suggests some market participants view the elevated burn rate as a positive signal for Solana's near-term price performance, though the odds themselves remain low.
RWA ecosystem posts a fresh milestone
Separately, Solana's real-world asset ecosystem reached a new all-time high, with total value exceeding $4 billion and holders surpassing 350,000, according to SolanaFloor. That marks a jump from late July, when the ecosystem held around $3.7 billion in value and about 313,000 holders. The RWA sector includes tokenized assets such as Treasuries and equities running on the Solana blockchain.
The growth reflects continued adoption of Solana's capacity to handle diverse onchain instruments and a broadening base of holders. Markets will watch for any ETF-related news or network upgrades that could further shape sentiment toward the asset.
Sources: Crypto Briefing, Crypto Briefing
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