Solana transaction count reaches major milestone as it is over 100 billion now
According to Solana Explorer, a portal that tracks Solana’s performance, the number of transactions on the network has crossed the 100 billion mark. The average number of transactions per second processed by the proof-of-history blockchain is currently 2.8.
Previously, Solana also surpassed Ethereum in daily transactions in the second quarter. At that time, as reported by crypto analyst portal Nansen, the number of daily transactions on the Solana network reached almost 40 million, while the Ethereum network had 5 million fewer. It is also worth noting that there has been extensive growth in the number of transactions processed by Solana throughout the past quarter.
That said, Solana is still in beta testing mode. Given the increasing number of transactions and the long absence of breakdowns that have mocked blockchain in the community, the potential for moving to the mainnet is certainly increasing.
The same opinion is expressed by Coinbase analysts, who report that in a series of future updates Solana could completely solve problems with spam and network outages. It is possible that these updates will be enough to take Solana from beta to mainnet.
Solana (SOL) Price Reviews
The price of Solana’s native token and blockchain fuel, SOL, has experienced several ups and downs since early September, but globally it remains in a broad price range of $24.5 to $47.
Given the shaky position of the crypto market, taking a position in SOL does not seem rational at the moment. At the same time, approaching the lower bound or securing above the upper bound opens a great opportunity to consider investment in SOL.