Layer-1 blockchain network Solana has shown improvements in reliability and uptime so far this year, with only one outage in 2023, according to a report by the Solana Foundation.
On July 20, the Solana Foundation released its latest performance report, stating that it saw improvements to the network in the first half of 2023, as measured by uptime and the ratio of non-voting to voting transactions.
In past years, Solana has been plagued by reliability and uptime issues, which its co-founder, Anatoly Yakovenko, previously called a “curse” but said the network’s cheap transactions were to blame for the outage.
The latest report states that Solana has experienced 100% uptime since February. 25, the whole quarter without interruption. A single outage in February took the network offline for about 19 hours.
The report states that the ratio of voting and non-voting transactions has improved. Voting transactions occur when a validator votes to confirm one or more proposed blocks of information, and non-voting transactions are triggered by user behavior on the blockchain.
“Over time, we would expect the ratio of voting transactions to non-voting transactions to decrease, as the total percentage of voting transactions should decrease as the network becomes more efficient.”
Block times, which measure how quickly new blocks are added to the chain, have become more consistent even beyond the peak during the outage.
1/ The Solana Foundation has released the most recent @solana Network performance report.
Solana Network performance has improved in the first half of 2023, as measured by uptime, the ratio of non-voting to voting transactions, and more.
Read the full report: https://t.co/naOftyknLA pic.twitter.com/yI9Q8swWdT
– Solana Foundation (@SolanaFndn) 20 July 2023
Transactions per second (TPS) is also used to measure network performance and throughput. It added that Solana’s maximum daily TPS has been rising since January, with a significant increase with the new network upgrade. The current figure on the Dune Analytics network reports 3,777 transactions per second.
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The Artemis dashboard reports a daily transaction count of 19.2 million for Solana, which was the leader for this metric until it was recently acquired by Sui Network due to the popularity of Web3 games.
According to Cointelegraph data, the price of Solana (SOL), the blockchain’s native token, fell 4.5% on the day — to around $25.50 at the time of writing.
The coin has performed well in the past month with a 50% gain, but remains down 90% from its November 2021 all-time high of $260.
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