Solana network has become one of the viable alternatives to Ethereum in recent months. Like all other blockchain networks described as Ethereum killers, Solana claims to have the solution.
Any network with lower gas fees and faster transaction speeds will address the primary problems of Ethrerum. But Solana went one step further by claiming that it could theoretically perform 710,000 transactions per second (TPS).
Available data has shown that the actual TPS is much lower. According to SolanaFM, the average transaction per second on Solana is 3,000. While this is a far cry from the theoretically possible TPS, it’s still far above Ethereum, which is around 10.
Solana’s current transactions per second (TPS)
Analysis of the available data provides more information about this disparity. On Solana, transactions can be classified into successful transactions, failed transactions, vote transactions, and non-vote transactions.
The successful transactions refer to the transactions that the
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