- The Ethereum Killer, Solana, recently surpassed the 100 Billion transaction count.
- The average transactions per second (TPS) count is currently at 4.3.
Transaction Count on Solana Network
The below chart shows the live transaction slot on Solana network, which currently is more than 100 Billion.
The Solana network is still in beta testing mode and with its growing number of transactions and fewer breakdowns that have caused mockery of blockchain in the community, the probability of a move to the main network is definitely rising.
In addition, the Coinbase analyst also expressed the exact opinion in a series of future updates as Solana could completely resolve the problems related to spam and network outages. And this update will surely be enough to take Solana from its Beta mode to the Mainnet.
Ethereum VS Solana
Solana blockchain recently surpassed Ethereum in daily transactions in the second quarter. And as per the crypto analyst portal, Nansen, Solana network has reached almost 40 Million of daily transactions, on the other hand the Ethereum network had 5 million fewer. It must be noted that in the recent past quarter, the number of transactions processed by Solana network grew extensively.
Solana (SOL) Price Analysis
As per the CoinMarketCap, the above chart shows the recent seven days price performance of SOL token. Its current trading price is at $32.02 USD with 0.41% down in the recent 24 hours. Additionally, it also mark its place at Nine (#9) into the top-ten list of most traded cryptocurrencies.
Lastly, from the recent news reports, the Helium Community announced the migration of the Helium Network to the Solana blockchain, that aimed at developing the network to fulfill the user demand. More than 81% of the community members approved this migration.
Source: https://www.thecoinrepublic.com/2022/09/23/solana-transaction-count-mark-the-new-milestone/