Solana had one outage in the first half of 2023 but achieved 100% uptime in Q2.

Solana had one outage in the first half of 2023 but achieved 100% uptime in Q2.

Solana Blockchain Network Shows Improved Reliability and Uptime

The Solana blockchain network, a layer-1 blockchain, has made significant improvements in reliability and uptime in 2023, according to a report released by the Solana Foundation. This is a remarkable achievement considering the network’s history of reliability issues in previous years. The co-founder of Solana, Anatoly Yakovenko, has previously referred to these issues as a “curse,” attributing them to the high volume of low-cost transactions on the network.

The latest performance report from the Solana Foundation highlights the network’s progress in terms of uptime and the ratio of voting to non-voting transactions. Since February 25, Solana has achieved an impressive 100% uptime, marking a whole quarter without any outages. Previously, the network experienced a significant outage in February that lasted almost 19 hours, but since then, it has maintained a flawless record.

The report also emphasizes improvements in the ratio of voting to non-voting transactions. Voting transactions occur when validators vote to confirm proposed blocks of information, while non-voting transactions are triggered by user behavior on the blockchain. As the network becomes more efficient, the overall percentage of voting transactions is expected to decrease, leading to a lower ratio of voting to non-voting transactions.

In addition to reliability and transaction ratios, blocktimes have also become more consistent on the Solana network. Blocktimes measure how quickly new blocks are added to the blockchain, and aside from a spike during the February outage, the network has achieved a more stable blocktime.

Transactions per second (TPS) are another crucial metric used to measure a blockchain network’s performance and throughput. Solana’s maximum daily TPS has been steadily increasing since January, with significant boosts correlating with new network upgrades. Currently, Dune Analytics reports that the network is processing an impressive 3,777 transactions per second.

One of the key factors contributing to Solana’s performance is its high daily transaction count. The Artemis dashboard reports a daily transaction count of 19.2 million for Solana, making it a leader in this metric. However, the recent popularity of a Web3 game on the Sui Network has temporarily surpassed Solana in daily transaction volume.

Despite the network’s improved performance, the price of Solana’s native token, SOL, has experienced fluctuations. At the time of writing, the price of SOL was down 4.5% for the day, trading at around $25.50. However, it is worth noting that SOL has performed well over the past month, with a 50% gain. Nevertheless, it remains down 90% from its all-time high of $260 in November 2021.

The Solana blockchain network’s progress in terms of reliability, uptime, transaction ratios, and TPS is a testament to its technical advancements and growing ecosystem. As the network continues to enhance its performance and scalability, it is well-positioned to attract more users and developers, supporting the broader adoption of blockchain technology.

Key Highlights:

  • Solana has achieved 100% uptime since February 25, 2023, marking a quarter without any outages.
  • The ratio of voting to non-voting transactions has improved on the Solana network, indicating increased network efficiency.
  • Blocktimes have become more consistent, ensuring a stable pace of new block additions to the blockchain.
  • Solana’s maximum daily transactions per second (TPS) have been steadily increasing, reaching an impressive 3,777 TPS.
  • Solana boasts a high daily transaction count of 19.2 million, making it a leader in transaction volume.
  • The price of Solana’s native token, SOL, has experienced fluctuations but has shown positive performance over the past month.

With ongoing advancements and a strong track record of improvement, Solana is poised to play a significant role in shaping the future of blockchain technology.

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