Try Quests to earn cryptoSolana TPS
This dashboard aims to measure Solana's TPS in February (non-votes) and 'Successful TPS' per day and create a chart showing how TPS has fluctuated during that period.
Introduction
Solana is a third-generation blockchain using the Proof-of-History consensus specially designed for Dapps (decentralized applications). Solana’s unique technologies can be up to 50,000 TPS (Transactions Per Second) with high security and scalability. The Solana network can handle a maximal bound of 710,000 TPS as more validators participate in the blockchain. Proof of History (PoH), along with Tower BFT, Turbine technologies, and Replicator nodes, provide the Solana blockchain scalability, reduced block time, and high transaction capacity. It’s important to note that a blockchain with high TPS isn’t necessarily superior to other blockchains with lower TPS. Many blockchain projects boast about their high TPS numbers. However, it’s almost certain that such performance was achieved by sacrificing other important aspects of the network. For example, at any given moment, Bitcoin has thousands of nodes distributed across the globe running the Bitcoin software. A blockchain with only 10-20 nodes could easily outperform Bitcoin, but it could hardly be called decentralized or even distributed.
Conclusion
The Solana blockchain has very high scalability, and the high TPS of this blockchain shows such power. The dashboard examined the TPS for successful and non-vote transactions in February and found that the TPS fluctuated around an average of 120 transactions per second. In the first half of February, we saw an uptrend in the number of transactions, and in the second half, we saw a significant decrease in transactions and, conversely, in the price of SOL. This review did not give us a long-term and robust signal to change the trend in SOL prices, and it is expected that the downtrend will continue until the end of February.
TPS of Solana
The chart below shows the TPS of the Solana blockchain from February 1. It should be noted that false or related to Vote transactions were not considered. During this period, the average number of transactions per second was 120. Also, the maximum and the minimum number of transactions were 157 and 98 per second. The highest number of transactions occurred on February 9, which coincided with the continuation of the Sol downtrend. The conclusion that can be drawn was that most of the transactions were related to the sale of SOL and its conversion into stable coins. Also, on February 20, we saw the lowest number of transactions, indicating that SOL has reached the $ 80 support area, and more sales are not affordable.