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> None of their claims have materially panned out. * Starknet is running a Turing complete VM using nothing but zero knowledge proofs. It's now possible and pr

> None of their claims have materially panned out. * Starknet is running a Turing complete VM using nothing but zero knowledge proofs. It's now possible and practical to trustlessly prove general purpose computation with O(logN) proof sizes. * Uniswap processes nearly $2 billion of trading volume a day. For reference that's about as much as the Australian stock exchange. In an entirely decentralized, non-custodial, trustless manner. * The Solana network processes 65,000 transaction, about equivalent to the entire Visa network.

iamthirsty 4y ago
> * Uniswap processes nearly $2 billion of trading volume a day. For reference that's about as much as the Australian stock exchange. In an entirely decentralized, non-custodial, trustless manner. An overwhelming majority of these are bot trades. > * The Solana network processes 65,000 transaction, about equivalent to the entire Visa network. Visa does 597 million consumer transactions per day. Not only is that magnitudes more, I would wage to guess that >75% of Solana's transactions aren't consumer purchases.[0][1] [0]: https://www.blockdata.tech/blog/general/bitcoin-volume-mastercard-visa https://www.blockdata.tech/blog/general/bitcoin-volume-maste... [1]: https://s1.q4cdn.com/050606653/files/doc_financials/2021/q4/Visa-Inc.-Fourth-Quarter-and-Full-Year-2021-Operational-Performance-Data.pdf https://s1.q4cdn.com/050606653/files/doc_financials/2021/q4/...
- cableshaft 4y ago
  They meant 65,000 transactions per second (they left that crucial word out). And that's the max that the Solana network can handle, not what it's currently doing all the time. So at it's maximum, the Solana network could handle 5.6 billion transactions per day. Visa only claims to handle 24,000 transactions per second, btw. [1] Actual approximate volume of transactions per month was around 500 million as of Nov 2021[2], so around 16.5 million transactions per day, or only about 5,800 transactions per second on average, so it can handle a lot more. It's handled just under 70 billion transactions to date[3] since it debuted in early 2020, so roughly 35 billion transactions each year for the two years it's been out. [1]: https://usa.visa.com/run-your-business/small-business-tools/retail.html https://usa.visa.com/run-your-business/small-business-tools/... [2]: https://www.statista.com/statistics/1280088/average-number-of-solana-transfers/ https://www.statista.com/statistics/1280088/average-number-o... [3]: https://explorer.solana.com/ https://explorer.solana.com/ EDIT: had to recheck and revise my math a bit, when working with that many zeros it gets easy to mistype something.
- miracle2k 4y ago
  > An overwhelming majority of these are bot trades. Likely the same is true on the Australian stock exchange. Not that this is a bad thing. There is a person behind every bot - and in the case of Uniswap, the arbitrage is what makes it work in the first place.

iamthirsty 4y ago

> * Uniswap processes nearly $2 billion of trading volume a day. For reference that's about as much as the Australian stock exchange. In an entirely decentralized, non-custodial, trustless manner. An overwhelming majority of these are bot trades. > * The Solana network processes 65,000 transaction, about equivalent to the entire Visa network. Visa does 597 million consumer transactions per day. Not only is that magnitudes more, I would wage to guess that >75% of Solana's transactions aren't consumer purchases.[0][1] [0]: https://www.blockdata.tech/blog/general/bitcoin-volume-mastercard-visa https://www.blockdata.tech/blog/general/bitcoin-volume-maste... [1]: https://s1.q4cdn.com/050606653/files/doc_financials/2021/q4/Visa-Inc.-Fourth-Quarter-and-Full-Year-2021-Operational-Performance-Data.pdf https://s1.q4cdn.com/050606653/files/doc_financials/2021/q4/...

cableshaft 4y ago
They meant 65,000 transactions per second (they left that crucial word out). And that's the max that the Solana network can handle, not what it's currently doing all the time. So at it's maximum, the Solana network could handle 5.6 billion transactions per day. Visa only claims to handle 24,000 transactions per second, btw. [1] Actual approximate volume of transactions per month was around 500 million as of Nov 2021[2], so around 16.5 million transactions per day, or only about 5,800 transactions per second on average, so it can handle a lot more. It's handled just under 70 billion transactions to date[3] since it debuted in early 2020, so roughly 35 billion transactions each year for the two years it's been out. [1]: https://usa.visa.com/run-your-business/small-business-tools/retail.html https://usa.visa.com/run-your-business/small-business-tools/... [2]: https://www.statista.com/statistics/1280088/average-number-of-solana-transfers/ https://www.statista.com/statistics/1280088/average-number-o... [3]: https://explorer.solana.com/ https://explorer.solana.com/ EDIT: had to recheck and revise my math a bit, when working with that many zeros it gets easy to mistype something.
miracle2k 4y ago
> An overwhelming majority of these are bot trades. Likely the same is true on the Australian stock exchange. Not that this is a bad thing. There is a person behind every bot - and in the case of Uniswap, the arbitrage is what makes it work in the first place.