Solana, a Layer-1 blockchain network, has demonstrated remarkable improvements in reliability and uptime during the current year, with just one recorded outage in 2023, as per a report released by the Solana Foundation.
On July 20, the Solana Foundation published its latest performance report, highlighting the network's advancements during the first half of 2023. These improvements were measured based on uptime and the ratio of non-voting to voting transactions.
In previous years, Solana had encountered challenges with maintaining consistent reliability and uptime. Co-founder Anatoly Yakovenko had referred to these issues as a "curse" in the past but attributed them to the network's low-cost transactions.
The recent report celebrated the achievement of 100% uptime since February 25, signifying an entire quarter without any service disruptions. The solitary outage in February resulted in the network being offline for approximately 19 hours.
Solana achieved a 100% uptime in Q2, 2023.
According to the report, there has been a notable enhancement in the proportion of voting to non-voting transactions within the blockchain network. Voting transactions pertain to the actions of validators, who cast their votes to validate one or more proposed blocks of information. On the other hand, non-voting transactions are initiated as a result of user behavior on the blockchain. These improvements signify a positive development in the overall functioning and governance of the blockchain ecosystem.
Blocktimes, which measure the speed of new block additions to the chain, have demonstrated increased consistency, except for a spike during an outage incident. Another vital metric used to gauge network performance and throughput is Transactions per Second (TPS). Solana's maximum daily TPS has been on a steady rise since January, with significant boosts aligning with new network upgrades, currently reaching an impressive figure of 3,777 transactions per second, as reported by Dune Analytics.
Solana's dominance in transaction count was evident on the Artemis dashboard, recording a daily transaction count of 19.2 million until recently when the Sui Network surpassed it due to the popularity of a Web3 game.
In regard to the native token, Solana (SOL), its price experienced a 4.5% decline on the day, reaching approximately $25.50 at the time of writing, according to Cointelegraph data. Despite this short-term setback, the token has shown strong performance over the past month, gaining 50%. However, it is essential to note that it remains down by 90% from its all-time high of $260, which was achieved in November 2021.
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