Over the weekend, Solana reached a peak of 107,540 transactions per second (TPS) on its mainnet, marking a milestone for blockchain technology.
Transaction Speed of Solana
On Sunday, 43,016 successful transactions and 50 failures were recorded, resulting in a peak TPS. This data was shared by Mert Mumtaz, co-founder of Helius, a developer tooling firm for Solana.
Load Transactions and Real Throughput
Most of the surge came from no-operation transactions, which are minimal instructions that do not change blockchain data. While these transactions help stress-test processing limits, they do not represent routine network behavior or typical user activity. Mumtaz noted that processing such transactions does place a burden on the network, including signature verification and data loading.
SOL Market and Institutional Interest
On the price side, SOL has been facing significant resistance around $200. The crypto asset fell nearly 5% over the past 24 hours and is currently trading at approximately $183. Despite this, institutional demand remains intact, with four publicly traded companies collectively holding over 3.5 million tokens, accounting for roughly 0.65% of the circulating supply.
While Solana's weekend transaction achievements may appear impressive, the actual everyday performance of the network is significantly lower, highlighting the need for further development and optimization in blockchain technologies.
