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breaking: SOLANA FLIES PAST ETHEREUM IN DAILY TRANSACTIONS, LEAVING DEFI WORLD SHOOK 🚀💥
Solana’s dominance in DeFi throughput emerges from its high transaction capacity of 70 million daily, driven by a streamlined single-layer approach and robust validator
Solana processes 70 million transactions daily, with monthly DEX volume over $143B as of Oct 30. It operates with 1,295 validators in 40 countries and a Nakamoto coefficient of 20. Production throughput reaches 1,100 transactions per second. Ethereum’s base layer handles under 1.2 million transactions daily, while Solana surpasses 70 million. Solana executes all transactions on a single layer, unlike Ethereum’s Layer 2 rollups. Kennis attributes Solana’s success to infrastructure and market catalysts.
Solana charges a flat base fee of 0.000005 SOL per signature plus an optional priority fee. Following congestion during the memecoin surge, Solana implemented stake-weighted QoS to reduce congestion. Validator revenue is increasing, stake balance requirements decreasing. Client diversity enhances network performance, with two additional clients in development. Solana ranked first in new developer additions in 2024. Ethereum’s rollup model distributes complexity to Layer 2 operators but fragments liquidity.
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