Join the larget crypto conference of 2024 in Bitcoin

Solana network completes 100 billion+ transactions

Solana network completes 100 billion+ transactions 3

Despite network issues, the Solana blockchain network surpassed more than 100 Billion transactions since its mainnet launch.

Solana is the biggest Proof-of-stake blockchain network, which is popular in the Crypto space because of its unique Proof-of-history protocol that helps the network to process high scale crypto transactions. However Solana with maximum scalability of 50,000 TPS is a top blockchain network but still, it faces huge criticism because of the less-decentralized nature of its network.

At the time of writing this article, Solana Network completed around 100,33,727,421 transactions to this date, after the launch of the beta mainnet in 2020.

The average transactions per second by the Solana network was around 3,392 TPS per second and transaction fees was $0.00025 per transaction, which is the lowest among other crypto network fees.

   -----Cryptonews AD----->>> 

BYBIT - Copy Trading

Sign up for a Bybit account and claim exclusive rewards from the Bybit referral program! Plus, claim up to 6,045 USDT bonus at .

  <<<-----Cryptonews AD-----  


Solana network completes 100 billion+ transactions 2

The main reason behind this milestone for Solana blockchain is because of the huge numbers of DEXs activities & NFTs trade, over other networks.
Here we can say that almost all the crypto networks failed in this race because on one side Solana network was launched in 2020 and other side Solana faced huge backlash in the crypto industry because of the multiple time outages in its blockchain network.

Cardano may compete with Solana

Today Cardano, a Proof-of-stake consensus model-based blockchain network, completed its most important upgrade “Vasil Hardfork”.
Now the developer team will integrate the Hydra protocol to introduce scalability in the Cardano blockchain, which may be 10 times more scalable than Solana’s Proof-of-history protocol.
According to Cardano founder Charles Hoskinson, Cardano will be able to process transactions to the nearby scalability of the Solana blockchain by the end of this year and further development will help the network to achieve scalability up to 1 million per second.

Read also: Coinbase successfully receives regulatory approval in Netherlands

Solana network completes 100 billion+ transactions






Ads by Cryptonews24

OKX - Moon Trade

Moon Grid trading bot
OKX’s new Moon Grid bot automatically buys low and
sells high within a wide price range using artificial intelligence based on market backtesting.
Quick to set up with smart entry and exit points!

How does it work?

  • Select Trade in the main menu, then select Trading bot.
  • Select a spot trading pair from the Trading bot menu.
  • Select Moon Grid from the listed strategies.
  • Enter the amount you want the bot to trade and click Create.
  • Your bot will then be live.
  • To view and manage your Moon Grid bot, select Bots at the bottom of the trading dashboard.


Trade with Moon Grid now


Ads by Cryptonews24




Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin. provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice. recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.


Please follow and like us:

Social media & sharing icons powered by UltimatelySocial