Breaking News
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

Decentralized Blockchain Solana Surpassed 100 Billion Transactions

Cryptocurrency Sep 22, 2022 10:00AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
Decentralized Blockchain Solana Surpassed 100 Billion Transactions
 
ETH/USD
-1.63%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
SOL/USD
-0.70%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

  • Solana surpassed 100 billion transactions.
  • Solana is at block height 137,069,392 with 3,718 TPS and has a slot time of 496ms.
  • The number of daily transactions made by Solana grew to 40 million during Q2.

Solana surpassed 100 billion transactions on September 22. At the time of writing, Solana is at a block height of 137,069,392 with 3,718 TPS and has a slot time of 496ms (1 min average).

Source: Solana

Solana started its operations two years ago and has become increasingly popular in the DeFi and NFT space. With the network providing cheaper and quicker options, Solana has become one of the competitors for Ethereum.

According to Nansen’s State of the Quarter Report, Solana’s daily transactions grew during the second quarter (Q2), reaching a total of more than 40 million daily transactions compared to around one million transactions per day on Ethereum between April and June.

Moreover, Solana’s daily non-vote transactions displayed a considerable increase in volume as compared to Ethereum, despite having higher volatility. Solana recorded a range of roughly 100 million to 200 million transactions per day, which was supported by a spike in the total number of wallets from around 400,000 wallets to nearly one million wallets, toward the end of May 2022.

Likewise, Solana users also spent less on gas in the Q2 of 2022 than Ethereum users. Solana Network Gas also enhanced its ecology and network despite several issues and interruptions. A series of investments made in mid-2022 to promote the GameFi, DeFi, and NFT ecosystems were also responsible for Solana’s rise.

At the time of writing, Solana was changing hands at $32.32 with a surge of 0.42% in 24 hours but had experienced a fall of 4.36% in the last seven days.

The post Decentralized Blockchain Solana Surpassed 100 Billion Transactions appeared first on Coin Edition.

See original on CoinEdition

Decentralized Blockchain Solana Surpassed 100 Billion Transactions
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email