TLDR:
- Solana reached 107,664 TPS in a single block, the highest ever measured on its network.
- Actual user throughput stays near 1,050 TPS, inflated by validator votes and non-executing calls.
- Memecoin activity drives much of Solana’s current value locked, led by Pumpfun with 62%.
- SOL trades at $180, down 6.5% daily, as traders eye $210 for a breakout move.
It was another crucial weekend for Solana. The network briefly hit 107,664 transactions per second, the highest ever recorded. That figure placed Solana far ahead of any major blockchain in terms of raw throughput.
Developers and validators celebrated the achievement as proof of the network’s technical design. Traders, however, looked back toward price charts where SOL faced tougher resistance.
Solana TPS Record and Network Reality
According to data shared by SolanaFloor, one block late Sunday carried the record throughput. Mert Mumtaz, co-founder of Helius, confirmed the block processed over 43,000 successful transactions. He pointed to it as the “first major blockchain” to reach above 100,000 TPS.
Yet deeper inspection shows not every transaction was user-driven. Reports noted that many were “noop” calls, program instructions that stress the network without changing state.
Additionally, Solana’s true user-facing throughput remains much lower. Data from Solscan places the actual figure close to 1,050 TPS once validator vote traffic is removed.
SOLANA HITS 100K TPS AS THE ‘FIRST MAJOR BLOCKCHAIN’ TO DO SO
– Solana briefly reached 107,540 transactions per second on mainnet, per co-founder of the Solana developer tooling firm Helius, Mert Mumtaz.
– Mumtaz noted that a Solana block late Sunday processed 43,016 successful… pic.twitter.com/ldlvI6LJtA
— BSCN (@BSCNews) August 18, 2025
This difference matters because validator votes inflate raw numbers. They keep consensus moving but do not translate into transfers, trades, or applications. Even so, developers believe the same architecture can scale user operations in the future.
Some projections suggest 80,000 TPS could eventually be reached for transfers and oracle updates.
Governance efforts may also improve conditions. The Alpenglow proposal, now in community voting, seeks to cut block finality to 150 milliseconds. If approved, transaction confirmation speeds could move closer to record performance.
SOL Price Struggles Near $180
Despite the throughput milestone, SOL’s price saw pressure in the same period.
According to CoinGecko, Solana trades at $180.70 with a 24-hour decline of 6.54 percent. Weekly data shows a smaller dip of about one percent. Trading volume remains high at more than $5.8 billion, indicating active speculation.
Chart watchers highlighted key levels. InvestingHaven noted that $209 serves as a line in the sand. A break above it could open moves to $218 and $230. On the downside, $180 is viewed as a test of bullish strength.
Market sentiment reflected both optimism and caution. One trader posting under LordOfAlts said SOL looks “one news away” from a pump. He pointed to higher lows forming and suggested $210 would unlock stronger upside momentum.
$SOL looks one news away from the next pump.
If you look closely, you saw strong uptrend following from a long time.
Right now, we are in a rangebound situation, and this will not surprise me if we go to touch the support again because bulls will push hard at that price. It… pic.twitter.com/cuaTIuRCtr
— Henry (@LordOfAlts) August 18, 2025
Meanwhile, broader network activity remains skewed. Pumpfun, a mint-and-trade platform for memecoins, accounts for 62 percent of Solana’s total value locked. While it drives demand, it also raises questions about the durability of usage beyond speculative trading.
The post Solana Hits Record 107k TPS, But Network Reality Keeps SOL Price Near $180 appeared first on Blockonomi.
Source: https://blockonomi.com/solana-hits-record-107k-tps-but-network-reality-keeps-sol-price-near-180/