Solana's July 2026 Milestones: RWA All-Time Highs, $80+ SOL, and Forward Industries' 7.55M Token Treasury

The asset entered early July trading above $80 after volatility in late June. For context, it remains well below its all-time high of $261 from January 2025 ^CC.

RWA Ecosystem Hits New All-Time High

The Solana Foundation's official ecosystem roundup reported that the network's RWA total value reached a new all-time high of $2.8 billion+ as of May 2026 ^KS. This built on an earlier milestone: RWA lending on Solana overtook Ethereum for the first time in Q1 2026 ^R.

Other notable RWA-related metrics include:

• Tokenized equities: Solana captured 97% of cumulative on-chain tokenized equities spot trading volume. The tokenized equity market saw a 6x volume expansion in H1 2026, recording $2 billion in June 2026 alone ^KL.
• Spot Solana ETF AUM crossed $1 billion as of May 2026 ^K.

Stablecoin Supply Hits $16.4 Billion Peak

Solana's stablecoin supply peaked at approximately $16.4 billion during May 2026, according to DeFiLlama data cited by the Solana Foundation ^DS. A separate Q2 2026 report noted total stablecoin supply "north of $13 billion" with USDC accounting for roughly 75% and PayPal's PYUSD growing fastest ^P. Over H1 2026, stablecoin supply expanded 154% since early 2025 ^L.

Forward Industries Expands SOL Treasury to 7.55M Tokens

On July 1, 2026, Forward Industries (NASDAQ: FWDI) announced it acquired over 500,000 SOL in fiscal Q3 2026 at an average price of approximately $79 per SOL, bringing its total Solana treasury to 7.55 million SOL as of June 30, 2026 ^STB. This makes Forward Industries the largest publicly known corporate Solana treasury holder. The company also reported an annualized SOL-per-share growth of 36% ^ST.

Spiko Launches Tokenized Money Market Funds on Solana

On June 26, 2026, Spiko announced the launch of what it called the "world's first tokenized money market funds" — the Spiko EU T-Bills Money Market Fund (Bloomberg: SPKEUMM) and the Spiko US T-Bills Money Market Fund (Bloomberg: SPKUSMM) — available on Solana and other networks ^S.

Prior to this, in May 2026, Spiko partnered with Amundi (Europe's largest asset manager, with €2.4 trillion in AUM) to launch a UCITS-compliant tokenized fund on Solana called the Spiko Amundi Overnight Swap Fund (SAFO). This product attracted over $150 million in deposits in its first week across more than 700 holders ^PXC.

What Could Not Be Confirmed

Two topics from the original query could not be verified from the available sources:

• Solana Foundation On-Chain Governance Framework: The available sources do not contain a specific mention of a "new on-chain governance framework" launched by the Solana Foundation in early July 2026. This claim could not be confirmed.
• Record Q2 2026 Perpetual Futures Volume: The Solana Foundation's May 2026 ecosystem roundup notes that "May brought new highs across ... perps volume" ^S. However, a specific record volume figure for Q2 2026 perpetual futures platforms was not captured in the search results. Partial evidence confirms perps volume hit new highs in May, but a Q2 aggregate record figure could not be independently verified.

Analyst Price Targets for SOL

Multiple platforms published price forecasts for SOL in early July 2026:

• Changelly (June 29): Forecasts a July range of $80.20–$105.67 (29.7% projected gain). Full-year 2026 technical analysis projects a minimum of $100.26 ^C.
• Coinpedia (June 23): Sees a full-year 2026 range of $75–$200 for SOL, with near-term resistance at $97 and key support at $80. Clearing $97 on a sustained basis could open a path higher. However, if demand fails to strengthen, price could drop into the $50–$55 range ^CC.
• CoinGecko (July 3): Polymarket prediction data gives a 100% chance SOL will remain above $80 in July 2026. The $70 support level has a 41% probability of being tested. Overall sentiment is bullish ^C.
• CoinCodex: Forecasts SOL at $123.33 by end of 2026 (+50.48% from current rates) ^C.
• CoinLore: Short-term forecast of $78.67–$86.80 over the next 24 hours ^C.
• Capital.com (citing Coinpedia): Key near-term resistance at $97; a sustained break above that could open the path to $200 ^C.
• Coinspeaker (July 3): Scenario-based forecast estimates SOL around $81.63 by end of 2026 ^C.

Analyst consensus: Near-term bullish with SOL expected to hold above $80. The next key upside target is $97 resistance. A breakout above $97 could lead toward $100–$106 in July, with some analysts targeting a reclaim of $200 by year-end if momentum strengthens. Downside risk exists: if demand weakens, SOL could fall to $50–$55 support.

Caveats: Price predictions are speculative and vary widely across platforms. The governance framework and exact perps volume figures could not be verified from the available sources.