Introduction

What is Solana?

Solana is a public, open-source blockchain that supports smart contracts that is fast and relatively cheap transaction fees. Solana’s native token is SOL.

What is TPS?

Transactions Per Second (TPS) is the number of transactions a blockchain is capable of processing each second.

• Since the start of the year, Solana TPS peaked at 3479 transactions per second on July 10, 2022. Before this, it had already reached a low of 1152 transactions per second on January 22, 2022.

• The success rate of Solana transactions was highest in January 2022 at 78%. February and March were lower by 1% with 77% both. In the following month of April, the success rate dropped to 59% and even further to 53% in May before an upward movement to 62% success rate in June.

Method

• Got Transactions Per Second by dividing the number of transactions per day by 86,400, which is the number of seconds contained in a day.
• I used the formula: (successful transactions/all transactions) X 100 to get the success rate of transactions on Solana.
• Queried transactions table from the Solana database, and selected the fee column to calculate fees paid for failed transactions.

• The multi sig wallets 5AmZM5qY2LZtBMVSTVzyZmUGFCgiMTD9xaRuLF8XF1hK and CuieVDEDtLo7FypA9SbLM9saXFdb1dsshEkyErMqkRQq have paid the most fees for failed transactions since the start of the year, paying 772 SOL in that timeframe.

• CuieVDEDtLo7FypA9SbLM9saXFdb1dsshEkyErMqkRQq and Y2akr3bXHRsqyP1QJtbm9G9N88ZV4t1KfaFeDzKRTfr conclude the top 3, paying 614 and 552 SOL.

The top 10 addresses that paid the most fees for failed transactions on Solana since the start of 2022 paid a total of 4390 SOL as fees.