According to an independent developer, Solana’s throughput spiked briefly to six figures due to the high volume of transactions during the weekend.
Mert MumtazHelius is a Solana-based developer tools firm co-founded by Helius. said On Sunday, Solana was named the “first major blockchain” On its mainnet, the company has recorded 100,000 transactions every second.
Solana shared this with him block Late on Sunday, 43,016 transactions were successful and 50 failures, which brought the TPS to 107.540.
Most transactions are not exchanges of tokens or trading but rather no-operations. “noop” Program calls are instructions that don’t do any meaningful calculations or make state changes.
Solana Transactions must contain at least one instructions. For transactions that do not need to execute any meaningful operations the noop application provides a solution to this requirement. These light program calls test the network’s capacity, but do not reflect real-world payment methods or application complexity.
Mumtaz said Even though many of the transactions are simply program calls and developers still have access to them “deduce that you can also theoretically do about 80-100k tps in transfers, oracle updates, and similar [operations].”
Solana’s true TPS was much lower
Solana’s actual throughput was much lower than the anomalous spikes that were caused by calls to no-action programs.
TPS total is around 3,700 according Solscan claims to have a total of 500,000 transactions, but this is a false figure because two-thirds are votes.
Solana Validators are required to submit votes transactions regularly in order to be included in the consensus. This involves hundreds of validators voting more than once per slot. inflates True TPS values for the network.
Solscan estimates that Solana’s real-time throughput is 1,050 transactions/second (TPS) and 1,004 TPS. according To Chainspect.
Memecoins still dominate
Solana’s main activity is derived from memecoins. With a share of 62%, the most popular platform is the trading and minting platform for memecoin. Pump.funSolscan says that.
Related: Base briefly nears 1,000 TPS, making it speed competitive with Solana
Over the last few months, Solana’s decentralized financial apps have risen in value, and now stand at $10.7 billion. This is close to its all-time January high. according DefiLlama.
Solana (SOLThe blockchain token () fell over the weekend, as the crypto market cooled. It dropped to $187, from a high of $208 last week.
It is still down 36% on its all-time January high, which was $293. according CoinGecko.
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Source: cointelegraph.com
