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Daily Digest: Solana Records 100,000 Transactions Per Second

Preparation for testing a speed of 100k transactions per second is imminent, potentially involving SOL ETFs and TreasuryCos. Speed and timing are critical factors in this upcoming test.

Daily Digest: Solana Achieves 100,000 Transactions Per Second
Daily Digest: Solana Achieves 100,000 Transactions Per Second

Daily Digest: Solana Records 100,000 Transactions Per Second

Solana, the high-performance blockchain network, has demonstrated its ability to handle extraordinary transaction loads, reaching over 100,000 transactions per second (TPS) in a recent stress test [2][3][4]. This peak TPS represents the theoretical upper limit of Solana's infrastructure but not typical everyday transaction throughput.

In real-world usage, Solana's actual throughput for user transactions is around 1,000 to 3,700 TPS, reflecting the complexity of real transactions such as token transfers, DeFi interactions, and NFT activities [2][4]. Despite this, Solana's live throughput remains highly competitive compared to Ethereum, which manages significantly fewer transactions per second [2][5].

Future Upgrades to Enhance Scalability

The future potential for Solana is promising, with ongoing architectural upgrades designed to improve scalability and efficiency. These upgrades include separating execution from consensus and localized fee markets to prevent congestion, allowing applications to scale better [4]. Additionally, enhancements like the Firedancer validator client have demonstrated even higher capacities in test environments (over 1.2 million TPS), although not yet deployed on mainnet [4].

Solana's Network Strength

Solana's network strength is also reflected in its unprecedented daily transaction volumes, recently averaging around 90 million daily transactions, far surpassing competitors like Ethereum and Base [5]. Its unique architecture—utilizing Proof of History and parallel execution—enables this high throughput with transaction speeds around 2,600 TPS in practical use and very low fees, usually well under a penny [5].

Solana's Role in the Crypto Landscape

Solana is being positioned to take its seat at the Wall Street crypto table alongside BTC and ETH, due to its high speed. Notably, Tom Lee's BitMine added $1.7B in ETH last week, becoming the 2nd-largest crypto treasury in the world [6]. Kyle Samani (Multicoin Capital) has stated that Solana is ready to support web-scale applications today [7].

In addition, Tether, the world's largest stablecoin issuer, has hired former White House crypto director Bo Hines as an advisor [8]. This move suggests a growing interest in Solana from established players in the crypto industry.

Upcoming Developments on Solana

Upcoming upgrades such as Alpenglow and Firedancer could bring Solana's theoretical performance closer to reality, positioning it as the leading chain for consumer apps and payments at web-scale [9]. A community vote for Alpenglow is already underway, and Firedancer, a Jump Crypto validator client, has tested above 1M TPS and is expected to hit mainnet in 2025, improving throughput and decentralization [4].

In the NFT space, OpenSea introduced a new feature allowing buying of EVM NFTs via SOL, and Kaito added Moonbirds to its platform, allowing NFT holders to become verified [10][11].

As Solana continues to evolve and improve, it is poised to become a major player in the decentralized application and crypto landscape.

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