Network Expansion and Performance
Last updated
Last updated
The current TPS (Transactions Per Second) of 2,330 as of Feb 25th, with peaks reaching 4,518, underscores Solana's capability to handle high transaction volumes. This performance is crucial for a blockchain that aims to support large-scale and enterprise-level applications, as it indicates robustness and the potential to scale.
With 389.6 million SOL actively staked out of a possible 570.4 million, representing around 68.3% of the circulating supply, there's a substantial commitment to the network's security. The high stake rate not only secures Solana's network but also demonstrates the confidence of token holders in Solana's long-term viability.
The number of validators, which stands at 1,637, is a testament to the network's decentralization efforts. More validators mean a more distributed network, reducing the risk of central points of failure and increasing the resistance to censorship and attacks.
The SOL price and market-related data provide economic context. A circulating supply of 77.3%, a market cap of $58.9 billion, and growing daily trading volumes reflect a liquid and active market for SOL. The market cap, in particular, indicates Solana's substantial valuation and the Solana community's prediction for future growth on the chain.
Solana has processed over 272 billion transactions showcasing Solana's heavy usage and widespread adoption.
Solana's fee tracker provides a notable difference into the high gas fees commonly found on ETH. Low average fees encourage developer experimentation and user transactions, a crucial factor for DeFi protocols and DApps looking for a cost-effective blockchain solution.
