Earn 7.4% APY staking with Solana Compass
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Earn 7.4% APY staking with Solana Compass
Help decentralize and secure the Solana network delegating your stake to us and earn an impressive 7.4% APY yield on your SOL, while supporting us to create new guides and tools.
Learn moreSolana Performance Statistics: Live TPS, Compute + Fee Tracker
Transaction Performance
Raw Transactions Per Second
Transactions per second is a measure of the raw throughput of the Solana network. It is helpful to see the health of the cluster as a whole, but doesn't tell the whole picture.
On the one hand, TPS is generally much lower than Solana's theoretical maximum, as the number of transactions submitted each second varies based on how busy the network is. On the other, the raw TPS figure is inflated by validator's own vote transactions, hence the other metrics we have included here
Votes vs Non Votes
Use this chart to see the breakdown of votes vs all other transactions on the Solana network
Success Rate
This is the percentage of transactions that succeeded for each minute in the last hour. Transactions can fail for many reasons, for example due to insufficient funds, excess slippage on swaps or other user errors.
Non Vote Transactions Per Second
Forget the validators - just how many transactions is Solana processing per second, outside of votes? This metric lets you see at a glance how many transactions Solana's end users are using.
Vote Transactions Per Second
How many votes are being processed by the Solana network per second? Since every validator votes on every slot, this figure should scale with greater number of validators and lower block times.
Program Instructions/Invokes Per Second
Instructions are the basic building blocks of Solana programs. This metric shows how many unique program instructions are being processed by the Solana network per second. A single transaction can contain multiple instructions, for example: 1. Open wSOL account, 2. Wrap SOL, 3. Create USDc Account, 4. Exchange wSOL for USDc, 5. Close wSOL account.
Blocks Per Second
How many blocks are being processed by the Solana network per second? The expected time for each block to be processed is 400ms. At times of high congestion this can rise considerably. Your staking rewards are directly affected by block times: the shorter the duration, the higher the APY you receive on your stake.
Block Time
How long does it take for a block to be processed by the Solana network? The expected time for each block to be processed is 400ms. At times of high congestion this can rise considerably. Your staking rewards are directly affected by block times: the shorter the duration, the higher the APY you receive on your stake.
Transactions Per Block (TPB)
Unlike other metrics in this set, to increase readability Transactions Per Block shows the last 750 blocks, which is roughly the last 5 minute period. Gaps in the chart represent slots skipped by validators.
Historic Performance Stats
Seen an interesting bump on the chart? Dig in using our block explorer to see the last 60 minutes's blocks
Live Fee data
Historic Fee Data
Want to see how much is spent each day in fees, or how much SOL is burned? Check out our new Fee Tracker!
Compute Performance
Compute Units Per Second
While Transactions Per Second (TPS) has become a popular metric to measure Solana's performance, it doesn't tell the whole story.
Low TPS may mean the network is underperforming - or it simply may be a quiet time. Conversely it may be that the types of transaction - and the programs they invoke - are more demanding than average.
Looking at Compute Units helps us see how hard the validators are working, not just how fast. It also excludes votes by default - all recorded compute units come from user activity on Solana.
Success vs Failed Compute Units Per Second
Another way to look at Compute Units is to understand how much compute power was used by validators to process failed vs successful transactions.
Blockspace Usage: Percent of Max Compute Used
Each block processed by Solana has a maximum of 48,000,000 compute units available. This chart shows the percentage of that total that was used by validators to process transactions, expressed as an average for each minute of the last hour.
Epoch Performance Data
Want to see how today's performance compares to previous epochs?Solana (SOL) Explained: Your Guide To The Fastest Cryptocurrency
Solana rose from practically nothing in a blink of an eye to number 8 in the crypto market capitalization rankings. This surge came nearly a year and a half after its Mainnet beta debut in March 2020.
With a market value of approximately $47.9 billion, it has just surpassed Uniswap, USD Coin, and Polkadot and seems to be on a tear. Solana has increased in price 40-fold in the past year, from $3.50 to $159.34 at the time of this writing.
Because of its speed and throughput of up to 50,000 TPS, Solana is among the world's fastest networks and first web-scale blockchain networks. For this reason, many dub Solana as the true “Ethereum killer.” Polkadot and Cardano are two other cryptos contending for this title.
In contrast to Solana's transaction speed, a Visa card may only process up to 24,000 transactions per second. Still, these transactions take several days to settle, delaying the transfer of money from a bank account to another. SOL transactions are complete within fractions of a second.
Ethereum, Solana’s biggest competition, is now undergoing a significant update (Eth 2.0) to increase transaction speed and lower costs. The next goal of the update is to achieve 100,000 TPS, but there's still a long way to go.
The Solana network is a fourth-generation blockchain that attempts to address the trilemma by building a fast and scalable network without sacrificing security or decentralization. Because of Solana’s robust protocol, it can provide global scaling capabilities for DApps decentralized platforms.
Is Solana the Fastest Cryptocurrency?
The end purpose of cryptocurrencies is to replace today's inefficient and corrupt financial institutions. Honestly, we’ve seen incredible progress towards this objective thus far. It is now possible to:
- Save,
- Obtain loans,
- Borrow,
- Make decentralized payments
- Trade stocks directly peer-to-peer without a middleman or KYC paperwork
However, only one factor in preventing cryptos from becoming popular, and that factor is speed. Popular cryptocurrencies like Ethereum and Bitcoin have struggled to handle the billions of transactions that their clients process daily.
Even though many cryptocurrency projects boast about the number of transactions per second they can process, the statistics they give seldom hold up to their claims.
Two essential factors contribute to a cryptocurrency's speed: the average transactions per second and transaction finality (TF). Therefore, before we can conclude that a particular cryptocurrency is the fastest, it must have a low transaction finality and high TPS.
Following this explanation, Solana is the world’s fastest cryptocurrency with over 50,000 TPS and 2.5 seconds transaction finality.
Other superspeed cryptocurrencies include:
- Algorand (TPS: 1000, TF: 45 seconds)
- Avalanche (TPS: 1000, TF: 1 - 2 seconds)
- Stellar (TPS: 1000, TF: 4 seconds)
- Ripple (TPS:1500, TF:4 seconds)
Is Solana Decentralized?
Solana is a decentralized blockchain that enables user-friendly, scalable apps for users around the world. The network is the fastest-growing ecosystem in the crypto scape, supporting over 400 projects across NFTs, DeFi, Web3, and others.
Decentralized applications (DApps) are one of the most exciting innovations of blockchain technology. The past few years have seen DApp developers launch several products, from decentralized finance (DeFi) platforms to games. Most of these DApps run on the Ethereum blockchain, but the high transaction fees and congestion on the network have become a limitation that is driving more and more top developers to Solana
What is the Max Supply of Solana?
Solana’s circulating supply currently has a market value of just a little over $47.9 billion, according to CoinMarketCap. However, if all Solana coins were circulating, their thoroughly diluted market value would be slightly above $83 billion.
What is Solana Used For?
Apart from Bitcoin, blockchains are capable of more than simply supporting transactions. So, what exactly does Solana do apart from transactions?
Solana is a platform enabling developers to build mobile DeFi applications, in addition to its cryptocurrency and blockchain. The platform now supports the Rust, C, and C+ programming languages.
The platform has "composable building pieces," making it simpler to develop applications that cooperate and collaborate. In other words, they will interact with one another and with the Solana ecosystem, blockchain, and token.
In the future, we may see Solana-based games and apps, including robust player-to-player marketplaces, similar to those you’ll find in specific online ecosystems and games. For music enthusiasts, the Solana blockchain has a music streaming platform, Audius, which offers a more equitable remuneration scheme for recording artists.
Online shoppers will appreciate Solana if they ever get irritated by purchasing apps or making transactions within apps. Solana may allow more individuals to develop applications and assist creators and consumers avoid problematic app stores by combining its blockchain and its native digital currency with an app-building platform.
This strategy may also help with microtransactions. Making in-app purchases may be a headache since they usually demand credit card payments that must exceed a specific price level to be successful. Since Solana transactions are affordably cheap, they can cause a change.
