Solana’s Reliability and Uptime Strengthen in 2023, With Just One Outage Recorded
According to a report released by the Solana Foundation, the Layer-1 blockchain network Solana has demonstrated significant improvements in its reliability and uptime this year, experiencing only one outage in 2023.
On July 20, the Solana Foundation unveiled its latest performance report, highlighting the network’s enhancements during the first half of 2023. The report’s metrics included uptime measurements and the ratio of non-voting-to-voting transactions.
In the past, Solana faced challenges with reliability and uptime, leading Co-founder Anatoly Yakovenko to label them as a “curse.” However, he attributed the outages to the network’s low-cost transactions.
The recent report showcased a remarkable achievement for Solana, achieving 100% uptime since February 25, marking an entire quarter without any outages. The sole outage occurred in February, causing the network to be offline for nearly 19 hours. This progress indicates a significant improvement in the network’s stability and performance.
According to the report, there have been notable improvements in the ratio of voting to non-voting transactions on the blockchain. Voting transactions are initiated when validators cast votes to validate one or more proposed blocks of information, while non-voting transactions result from user interactions within the blockchain.
Additionally, blocktimes, which gauge the speed at which new blocks are added to the chain, have shown increased consistency, except for a spike during the outage period.
Transactions per second (TPS) serve as a crucial measure of the network’s performance and throughput. Solana’s maximum daily TPS has been steadily increasing since January, with significant boosts coinciding with new network upgrades, as reported.
According to data from Dune Analytics, the current TPS figure on the Solana network stands at an impressive 3,777 transactions per second. Additionally, the Artemis dashboard records a daily transaction count of 19.2 million for Solana, a metric in which the network has been a leader until recently, when it was surpassed by the Sui Network due to the popularity of a Web3 game.
However, the price of Solana’s native token, SOL, has seen fluctuations. At the time of writing, the token was trading at around $25.50, representing a 4.5% decrease for the day. While SOL has shown positive performance in the last month with gains of 50%, it remains down by 90% from its all-time high of $260, recorded in November 2021.