Network Performance Dashboard

Questions

• How has the network performed over the past month compared to the rest of the year?
• Has transaction per second and success rates of transactions gone up recently? Is this because of less botting or fewer users, or new improvements from the Solana engineers?
• What wallets and programs have paid the most in fees for failed transactions?

Data Analysis

The chart below shows Solana chain transactions in the first 6 months of 2022. According to the chart below, from the beginning of the year to April, the number of transactions was gradually decreasing. But since April until now, the number of transactions has been increasing. Along with the increase in the number of transactions, the number of successful and failed transactions also increased. The noteworthy point in the graph below is that in June, the number of successful transactions compared to the number of failed transactions was more than in April and May.

• The difference between the number of successful and failed transactions:
  • April → ~197M
  • May → ~173M
  • June → ~457M

💡 Result(1). The difference between the number of successful and failed transactions in June is more than in April and May and less than in January, February and March.

The following chart also confirms that: The success rate of transactions in June is higher than in April and May and lower than in January, February and March. (💡Result(2))

The chart below shows the number of Solana chain transactions per second**(TPS)**. The lowest TPS is related to April 9. On this day, 116 transactions were performed per second. But since this date until now, TPS of Solana network has been gradually increasing. At the beginning of June, an average of 406 transactions were recorded per second. However, at the end of June, the number of these transactions reached 596.

💡 Result(3). TPS has been trending upward in June.

To find the main reason behind the increase in TPS and success rate of Solana network transactions in June, we first examine the most important events of this month. The purpose of this work is to see if the reason for the increase of these parameters was technical or not. \n The most important events of June:

• Meet Coral, the new home for Anchor, the Anchor Program Library, and more. More info …
• ORAO demonstrated VRF at the Solana x Jump Hacker House in Austin. More info…
• Sec3 (formerly Soteria) announces they are making their Sec3 Pro Auto Auditor software publicly available to Solana builders. More info…
• Magic Eden surpassed OpenSea in daily NFT transactions. More info…
• BigDipper, an open-source blockchain explorer, now supports Solana. More info …
• Alchemy, the web3 dev platform powering millions of users to build scalable and faster dApps, now supports Solana. More info …

Examining all the above events shows that no significant technical changes that increase the transaction success rate or TPS have occurred this month.

The chart below shows that the number of unique users of the Solana network in June was less than in April and May. This issue can be the reason for increasing the success rate of transactions and TPS of Solana network.

In the first 6 months of 2022, the following addresses have paid the highest fees for their transactions on the Solana network.

The address 2V7t5NaKY7aGkwytCWQgvUYZfEr9XMwNChhJEakTExk6 has paid around 1,625 SOL in fees for its transactions so far.