Several major cryptocurrencies are positioning themselves to capture value from artificial intelligence developments, particularly as AI agents become more capable of handling financial transactions. Ethereum has launched ERC-8004, an identity standard for AI agents that tracks their identities, reputations, and work validations on-chain. More than 20 networks have adopted this standard, though its impact on Ethereum's price depends on whether it attracts more activity to its own network. Solana has seen sixfold growth in tokenised stock trading during the first half of 2026, now hosting over 95% of all tokenised equity activity. This positions it as a likely primary platform for AI agents designed to trade tokenised stocks, potentially driving more activity to its network. The shift reflects cryptocurrency's natural advantage as digitally native money that's highly accessible to machines.

Solana transaction activity hits new all-time high in midst of crypto winter. Solana has never been more active * Published: Aug 6, 2026 5:34 AM Despite languishing asset prices and uncertain market sentiment, Solana's onchain economy is humming with activity. Spurred by a renaissance of onchain social trading Solana's non-vote translation count has roared to new all-time highs, eclipsing landmark events like January 2025's $TRUMP memecoin launch. With traders piling back into onchain markets, Solana's application revenue appears to be reversing its long downtrend as emerging social platforms surpass the trading terminals of yesteryear. Solana non-vote transaction count hits all time high. While crypto markets flip flop on global headlines, Solana's onchain activity is consistently trending upwards. Buoyed by an influx of trading activity, Solana's non-vote transaction count has roared to new all-time highs. According to Blockworks data, Solana processed just over 1B non-vote transactions last week. Vote transactions, or messages passed between validators to reach consensus, are excluded from this figure, giving a more metric that more closely represents user-generated activity. Remarkably, last week's all-time high in transaction count eclipsed previous landmark moments in the chain's history. In January 2025, one day before his inauguration, U.S. President Donald Trump launched the $TRUMP memecoin, sparking an unprecedented level of activity across the network. The previous weekly all-time high was recorded in early July, following the launch of $ANSEM, a memecoin endorsed by the crypto trader and internet personality who goes by the same name. In both cases, memecoins remain the strongest driver of onchain activity. Arguably, this is still the case today, with memecoin trading volume representing 28% of Solana's weekly DEX volume, based on Blockworks data. Application revenue breaks downtrend. After suffering declining revenues for months on end in the wake of the crypto bull run, Solana's onchain application revenue is showing signs of reversing its trajectory. Since the lows of early April, Solana's weekly application revenue has steadily trending upwards, rising 32% to record $23.9M last week alone. On August 4th, application revenue spiked to $4.44M, its highest daily recording in the last six months. Application revenue is largely being led by pump.fun, which has maintained a comfortable lead in the category for 25 of the last 26 months. However, a surge of revenue in emerging apps suggests that traders are changing how they interact with the memecoin economy. Previously, feature-rich memecoin terminals like Axiom, Photon, and Trojan have dominated revenue generation among trading apps. However, onchain data shows that social-first venues, like Fomo, are emerging as the network's favorite way to trade. Blockworks data reports that FOMO generated over $315k in revenue over the last 24 hours, surpassing terminals like Axiom that were long-considered to be the most efficient way of trading onchain. Read more on solanafloor. Why are validators pushing back on $SOL tokenomics proposals?

XRP leads top undervalued altcoins to watch in 2026. Despite months of weak price action across the crypto market, some analysts believe several large-cap altcoins are trading below their long-term value. The analysis highlights Solana (SOL), Chainlink (LINK), and XRP, citing continued development, institutional interest, and growing network activity despite the broader market downturn. Solana still drawing institutional demand. Among the three, Solana is viewed as the strongest recovery candidate. SOL remains about 75% below its all-time high and has returned to price levels last seen in late 2023. Its monthly momentum has also weakened to its lowest level on record. Despite the decline, U.S.-listed Solana investment funds, launched in October 2025, recorded inflows on every trading day last month. The funds now manage about $1 billion in assets, with nearly half held by institutional investors, including hedge funds and investment advisers. Another key development is Alpenglow, Solana's largest network upgrade to date. Once fully deployed later this year, transaction finality is expected to improve from 12.8 seconds to about 150 milliseconds, significantly reducing settlement times. However, challenges remain. Solana's daily network revenue has fallen from about $1.5 million to $314,000, a decline of nearly 80%, as memecoin trading activity slowed. Retail participation has also weakened. According to on-chain analyst Ali Martinez, wallets holding at least 0.1 SOL declined from 11.84 million to 11.26 million over the past two weeks, a drop of about 5%. Chainlink builds while price lags. Chainlink is another project the analysis identifies as undervalued. LINK continues to trade more than 80% below its all-time high, even as its infrastructure expands across traditional finance. The network enables banks and financial institutions to connect with blockchain networks without replacing their existing systems. Its partners include SWIFT, which connects about 11,000 financial institutions, along with firms such as UBS and Euroclear. During the first quarter, Chainlink's Cross-Chain Interoperability Protocol (CCIP) processed more than $18 billion in cross-chain transaction value. Institutional access has also expanded through investment products from Grayscale and Bitwise. In addition, roughly 75% of LINK's total supply is already in circulation, reducing future token dilution. However, one key challenge remains. Financial institutions can use Chainlink's infrastructure without directly purchasing LINK tokens. The project also faces growing competition from interoperability networks such as LayerZero and Wormhole -two competing altcoins. XRP benefits from legal clarity. The analysis also highlights XRP despite its price decline. XRP price is down nearly 43% this year but continues to see broader adoption. Sagar Shah, Chief Business Officer at Evernorth, said XRP's long-term value lies in its role in cross-border payments, liquidity, and tokenized assets. According to Shah, adoption - not short-term price movements - will determine the asset's long-term value. With the SEC lawsuit largely resolved, XRP now has seven U.S.-listed investment funds, which have attracted nearly $1.5 billion in cumulative inflows since launch. Ripple's stablecoin RLUSD has also grown to about $1.6 billion in supply. More RLUSD is now issued on the XRP Ledger than on Ethereum following its expansion into Japan through SBI Holdings. Meanwhile, daily transactions on the XRP Ledger have risen to around 3 million, roughly three times the level seen in mid-2025. However, RLUSD has also sparked debate within the XRP community. Stablecoins can perform many of the cross-border payment functions that XRP was originally designed to support, potentially reducing demand for the token. While XRP continues to serve as a bridge asset for currencies without direct trading pairs, its long-term utility will depend on how Ripple positions XRP alongside RLUSD.