Solana, a renowned layer-1 blockchain network, has reached a significant milestone in its quest for improved consistency. The Solana Foundation’s latest performance report reveals a remarkable achievement: the first half of 2023 witnessed uninterrupted uptime for an entire quarter.
The Solana Foundation released a public report on July 20th, highlighting significant network improvements achieved during the first half of 2023. The report emphasized the enhancement of critical aspects such as uptime and the ratio between voting and non-voting transactions – essential indicators for assessing network robustness.
1/ The Solana Foundation has released the most recent @Solana Network Performance report.
The Solana network’s performance has improved through H1 2023, as measured by uptime, the ratio of non-voting-to-voting transactions, & more.
— Solana Foundation (@SolanaFndn) July 20, 2023
Solana has faced challenges regarding reliability and uptime, which have posed significant obstacles for the network. Co-founder Anatoly Yakovenko candidly acknowledged these issues as a “curse,” attributing them to the network’s low-cost transactions.
The current report, however, represents a significant turning point towards optimism. Since February 25th, Solana has achieved an outstanding uptime of 100%, demonstrating flawless performance for an uninterrupted quarter.
Although a minor setback occurred in February with a single outage that caused the network to be offline for nearly 19 hours, it was insignificant in the broader context of its progressive journey.
Steady Performance Indicators Propel Solana
The report highlighted the improvement in the balance between voting and non-voting transactions within the blockchain network. Voting transactions occur when a validator confirms proposed information blocks.
In contrast, non-voting transactions result from user actions on the blockchain. Over time, the Foundation anticipates a decrease in the ratio of voting to non-voting transactions, indicating enhanced network efficiency.
Solana’s blocktimes, which indicate the frequency of new block additions to the chain, have shown improved consistency. However, there was a spike during the February outage. In addition to that, Solana’s performance and throughput are measured by the transactions per second (TPS).
Since January, the network’s maximum daily TPS has been steadily increasing, reflecting significant gains from recent upgrades. According to Dune Analytics, the current figure stands at a robust 3,777 transactions per second.
According to the Artemis dashboard, Solana’s daily transaction count stands at an impressive 19.2 million. This remarkable achievement has positioned Solana as a leading platform until the recent emergence of the Sui Network, which gained significant traction due to its association with a popular Web3 game.
Solana’s robust performance in the first half of 2023 demonstrates its growing resilience and enhanced operational stability. As it continues to refine its network efficiency, Solana signals a promising outlook for the remainder of the year.