• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • bitcoinBitcoin(BTC)$22,895.000.170%
    BITCOIN
    24H : 0.170%
    Volume : $34,498,028,691.00
    Marketcap : $441,832,059,745.00
  • ethereumEthereum(ETH)$1,631.67-0.04%
    ETHEREUM
    24H : -0.04%
    Volume : $7,612,974,756.00
    Marketcap : $196,779,384,273.00
  • usdex-stablecoinUSDEX(USDEX)$1.08-0.31%
    USDEX
    24H : -0.31%
    Volume : $128,575.00
    Marketcap : $110,959,993,107.00
  • tetherTether(USDT)$1.000.060%
    TETHER
    24H : 0.060%
    Volume : $40,373,742,982.00
    Marketcap : $68,263,113,557.00
  • binancecoinBNB(BNB)$328.871.03%
    BNB
    24H : 1.03%
    Volume : $505,717,636.00
    Marketcap : $51,962,035,557.00
  • usd-coinUSD Coin(USDC)$1.000.100%
    USD COIN
    24H : 0.100%
    Volume : $2,814,106,456.00
    Marketcap : $41,871,442,864.00
  • rippleXRP(XRP)$0.394-1.07%
    XRP
    24H : -1.07%
    Volume : $1,096,982,504.00
    Marketcap : $20,035,726,228.00
  • binance-usdBinance USD(BUSD)$1.000.050%
    BINANCE USD
    24H : 0.050%
    Volume : $10,087,807,844.00
    Marketcap : $16,196,559,101.00
  • cardanoCardano(ADA)$0.385-2.02%
    CARDANO
    24H : -2.02%
    Volume : $305,741,744.00
    Marketcap : $13,526,565,694.00
  • dogecoinDogecoin(DOGE)$0.091-1.76%
    DOGECOIN
    24H : -1.76%
    Volume : $571,714,726.00
    Marketcap : $12,550,716,232.00
TodayinCrypto.com

TodayinCrypto.com

  • Home
  • Latest News
  • YOUTUBE RECAPS
  • CONTACT US

Solana-based transactions reached 100 billion milestone in two years for just $25 million in fees


September 22, 2022 · By MATheGooner
Solana (SOL)

Solana reached a significant milestone on September 22 when it announced that since its introduction in 2020, there have been 100 billion Solana-based transactions.

The blockchain is attempting to compete with established platforms like Ethereum (ETH), which has resulted in increased transaction activity, but the decentralized finance (DeFi) Solana (SOL) network continues to make progress. 

There were 100,073,788,125 transactions on the blockchain, moving at a rate of 2,780 per second and costing, on average, $0.00025 per transaction at the time of writing.

Solana total transaction. Source: Solana

Transactions on the platform appear unaffected, notwithstanding the network’s struggles with problems related to the performance of the blockchain. The transaction milestone is notable for supporting Solana’s founding principles of a fast and inexpensive smart contract platform. 

Despite having logged a sizable number of transactions, the Solana network is still plagued by a lot of problems, with network outages standing out as a major annoyance. 

The Solana network has had at least seven significant disruptions since its debut in 2020, with a total of five significant events occurring in 2022. Meanwhile, one of the longest blackouts ever recorded, which happened in September 2021, lasted up to 17 hours.

The management maintains that the integrity of the blockchain has not been compromised as a result of these issues, but the interruptions have made it harder for users to use the Solana network.

Primary Sidebar

LATEST NEWS

Research shows London is the commercial city that is the most geared for cryptocurrencies

February 5, 2023

Australia scheduled to release plans to regulate cryptocurrencies in the country

February 4, 2023

Binance severs ties with Indian cryptocurrency exchange WazirX

February 3, 2023

Former Bank of China advisor urges China to rethink its ban on cryptocurrencies

February 2, 2023

Federal judge forbids SBF from using Signal to contact FTX and Alameda staff

February 1, 2023

  • Facebook
  • Instagram
  • Twitter

Newsletter

Footer

ABOUT US

TodayinCrypto is a financial media brand that strives to deliver breaking, accurate and daily news about digital assets to millions of investors in the crypto industry.

We are passionate about Bitcoin and are keen to share news about the people, companies and technological developments that are changing our world.

TODAY IN CRYPTO

  • FTX CEO reveals shocking truth about “Pure Hell” days after bankruptcy February 6, 2023
  • Research shows London is the commercial city that is the most geared for cryptocurrencies February 5, 2023
  • Australia scheduled to release plans to regulate cryptocurrencies in the country February 4, 2023

Search

Tags

Aave (AAVE) Aleph.im (ALEPH) Arweave (AR) Avalanche (AVAX) Benchmark Protocol (MARK) Binance Coin (BNB) Bitcoin (BTC) Bondly (BONDLY) Bridge Mutual (BMI) Cardano (ADA) Celsius Network (CEL) Chainlink (LINK) COTI (COTI) Decentraland (MANA) Dogecoin (DOGE) Elrond (EGLD) Enjin Coin (ENJ) Ethereum (ETH) Ethernity Chain (ERN) Fantom (FTM) FTX Token (FTT) Kusama (KSM) Litecoin (LTC) NFT OriginTrail (TRAC) PAID Network (PAID) PancakeSwap (CAKE) Polkadot (DOT) Polkastarter (POLS) Polygon (MATIC) SnowSwap Solana (SOL) SuperFarm (SUPER) Sushi (SUSHI) Terra (LUNA) Terra Classic (LUNC) The Graph (GRT) Theta Network (THETA) Tixl (TXL) Trustswap (SWAP) Uniswap (UNI) VeChain (VET) XRP (XRP) yearn.finance (YFI) Yield Optimization Platform & Protocol (YOP)

Copyright © 2023 · Today in Crypto · Terms & Privacy · Log in