Last 30 days Solana TPS

Daily TPS

• On daily, there is around 500 TPS done per day over the last 30 days.
• However, the successful TPS is only maintain at the level around 350 to 400.
• The successful TPS is highly dependent on the trend on total TPS.

Success Rate

• The success rate has increase over the last 30 days.
• From near 55% has rise to above 80%
• For most of the days, the successful rate is maintain around 70 ~ 75%.
• The successful rate is dependent on the Total TPS.

Monthly TPS

2 charts above showing the monthly Solana TPS from May to July 2022.

• Over the 3 months, there is an uptrend registered for the total TPS and the successful rate.
• On May 2022, there is only around 350 total TPS, while coming to July there is around 530 TPS.
• The successful TPS has increase from 200 TPS to 378 TPS over the months.
• Meanwhile, the success TPS percentage has reach up to 72%.

Solana

The Solana blockchain introduced a hybrid consensus mechanism that sacrifices decentralization in favor of a higher throughput. This hybrid consensus mechanism makes Solana a unique blockchain in the crypto space.

In essence, the speed of blockchains can be measured in TPS (number of transactions per second). Usually, having a higher TPS allows blockchains to scale faster without facing problems such as network congestion.

In most blockchains, validators produce a new block of transactions and proceed to send the block to the rest of the network. The other nodes verify the authenticity of the new block compared to their version of the blockchain. Then each node in the network audits the version of the blockchain and the newly produced block against all the other nodes. Next, nodes hold a sort of vote, where they choose whether the new block can be added to the ledger or not.

This process takes time in order to allow the majority of nodes in the network to reach consensus and decide whether to add the new block or not.

In Solana’s case, this process is much faster, allowing the network to have a very high TPS and scale faster than other blockchains.

Bot Activity & TOP 10 unique addresses paid for failed transactions

• Bot activity on May 2022, was the highest among those 3 months.

• The higher the bot activity, the lower the success rate.

• Since bot is able to perform huge amount of transaction within a short period of time. It might cause more failure in terms of transaction done.

• The highest amount paid by a wallet for failed transactions has recorded over 800 SOL.

• While among the TOP 10 wallets the lowest has reached up to 380 SOL paid for failed transactions.

• It is between 380 and 867 SOL for the TOP 10 wallets which paid the most failed fee.