According to the developers, Solana Sultput was briefly spiked to six figures over the weekend under advanced program call transactions.
Mert Mumtaz, co-founder of Solana developer touring company Helius, said on Sunday that Solana has become the “first major blockchain” to record 100,000 transactions per second (TPS) on the mainnet.
He shared that on Sunday, Solana Block claimed that it had seen 43,016 successful transactions and 50 failed transactions, reaching 107,540.
However, most transactions are instructions that are not exchanged or traded tokens, but are no operations or “NOOP” program calls, and do not perform meaningful calculations or changes to state.
Since Solana Transactions must contain at least one instruction, the NOOP program provides a way to meet this requirement for transactions that do not require performing meaningful operations. These lightweight programs call stress test network capacity, but do not directly reflect daily payments or use of complex applications.
NOOP Program Call Transaction Spiked Solana Block. sauce: Because it's mumta
Mumtaz said that despite most transactions being program calls, developers can “estimate that they can run around 80-100k TPS on transfers, Oracle updates, and similarly (operations).”
Solana's true TPS is much lower
The actual throughput of Solana is much lower than these unusual spikes caused by non-actional programs.
According to Solscan, The TP is currently around 3,700, but even those numbers are false as about two-thirds of the deals are voting transactions.
Solana Balidators must regularly submit voting transactions to participate in the consensus. So, hundreds of votes per slot need to inflate the network's true TPS figures.
According to Chainspect, according to Solscan and around 1,004 TPS, Solana's actual throughput is around 1,050 transactions per second.
The actual Solana TPS is much lower than the total number. sauce: Chain Spect
Memokines are still dominant
Solana derives most of its activities from Memecoins. According to SolScan, the most popular platform on the network is MemeCoin Minting and Trading Platform Pump.fun, as it has a 62% share of the total locked value.
Related: The base will temporarily approach 1,000 TPS, to increase its competitiveness with Solana.
According to Defilama, the value of Solana's decentralized finance app has risen over the past few months, reaching $10.7 billion, closing its January deadline.
Blockchain token Solana (Sol) was soaked over the weekend as Crypto Markets cooled back to $187 from a peak of $208 last week.
According to Coingecko, tokens are down 36% from their all-time high of $293 in January.
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