Solana blockchain briefly crossed 100,000 transactions per second on its mainnet on the weekend. This news came in after a developer stated that Solana could achieve 80,000 TPS theoretically. One block alone processed 43,016 successful transactions and 50 failed ones, reaching a peak of 107,540 TPS.
Mert Mumtaz, the co-founder of Helium said on X, that the blockchain is the first to record 100,000 TPS. Most of these transactions were “noop” program calls.
This means that these transactions weren’t complex and are much easier to process. This is because there is no real token or value exchange.
Mumtaz believes Solana could theoretically handle 80,000–100,000 TPS for transfers, oracle updates, and similar operations. However, Solana’s everyday throughput is much lower. Solscan reports around 3,700 TPS, but about two-thirds of those are voting transactions from validators securing the network.
The real TPS for user activity hovers around 1,050, per Solscan, or 1,004, according to Chainspect.
Memecoins drive most of Solana’s action, with Pump.fun, a memecoin minting and trading platform, holding a 62% share of the network’s total value locked. Solana’s DeFi ecosystem is booming, with $10.7 billion in value, nearing its January peak, per DefiLlama.
The SOL token took a hit this weekend, dropping to $181.32 from a high of $208 last week, a 36% decline from its January all-time high of $293, according to CoinGecko.
