Solana has overtaken Base in x402 activity for the first time, handling the majority of weekly transactions and volume on the payment protocol that lets AI agents and apps use stablecoins for online services, based on Artemis data after months in which Base led the category. The shift aligns with strong application economics: Solana apps generated $143.23 million in protocol revenue in August 2026, equal to 38.1% of the $375.53 million earned by decentralized applications across all chains, per DeFiLlama, ranking the network first ahead of Hyperliquid L1 at $55.6 million, Ethereum at $47.1 million and BNB Smart Chain at $34.7 million. August revenue rose about 73% from $82.9 million in July, with Pump.fun leading at about $58.2 million and Axiom, FOMO, Collector Crypt, Phantom and Jupiter also contributing material sums. Solana validators approved a proposal that may cut new SOL issuance by 18.9 million over six years and speed progress toward the network’s existing 1.5% inflation target. After climbing from the $70s to above $100 in late August, SOL consolidated near $104, with RSI above neutral and a positive CMF pointing to ongoing buying interest.