• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Solana Registers One Outage in H1 2023, Maintains 100% Uptime Throughout Q2

Solana Registers One Outage in H1 2023, Maintains 100% Uptime Throughout Q2

user avatar

by Max Nevskyi

2 years ago


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.

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.

Over time, we would expect to see the ratio of voting to non-voting transactions go down because the overall percentage of voting transactions should drop as the network gets more efficient.

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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

New Opportunities in the Meme Cryptocurrency Market: Troller Cat Gaining Popularity

chest

Exploring the rise of Troller Cat amid shifts in meme cryptocurrencies and the current status of Shiba Inu and Pepe.

user avatarGiorgi Kostiuk

Bit Digital Makes $67.3 Million Ethereum Purchase, Strengthening Its Holdings

chest

Bit Digital invests $67.3 million in Ethereum, raising total holdings to nearly 120,306 coins.

user avatarGiorgi Kostiuk

Block Inc. Joins S&P 500, Replacing Hess Corp.

chest

Block Inc. will replace Hess Corp. in the S&P 500, potentially impacting Bitcoin's acceptance by institutional investors.

user avatarGiorgi Kostiuk

XRP Sets New Record Following Legislative Changes

chest

XRP hit $3.66, surpassing previous records due to increased investor interest and the expected signing of the GENIUS Act.

user avatarGiorgi Kostiuk

MEI Pharma and Litecoin: New $100 Million Treasury Strategy

chest

MEI Pharma has announced a $100 million treasury strategy with Litecoin, led by Litecoin creator Charlie Lee. Market reaction was volatile.

user avatarGiorgi Kostiuk

Merkel Urges for a Cohesive EU Response to US Tariffs

chest

Merkel calls for EU unity in response to US tariffs that may disrupt trade chains.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.