2 ms·
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 doin
by cableshaft 5y 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.