Try Quests to earn SOLSolana Network Performance Dashboard
Q95. Create a dashboard displaying Solana network performance over time.
introduction :
What Is Solana?
On the face of it, Solana is simply a public blockchain network that allows smart contracts to run on it. This is much like Ethereum, but the devil is in the details, and Solana’s design of a single network that permits high throughput with low fees is what is stirring up headlines.
Solana calls itself the fastest blockchain in the world, a claim that some other Ethereum competitors may want to challenge, but it’s certainly high up there in terms of scalability. At present, the Solana blockchain has a transaction rate of approximately 2,700 transactions per second at an average transaction cost of $0.00025. The potential throughput lies at a whopping 50,000 transactions per second, far surpassing most available decentralized smart contract networks. For example, this is magnitudes higher than Ethereum, which has a transaction rate of 10–15 transactions per second at gas fees that can often exceed $200-$300+.
Solana was conceived in late 2017 by Anatoly Yakovenko, who designed a new mechanism that would result in much better network performance than previous distributed ledger iterations. His discovery allowed for automatically ordered transactions, rapid settlement times, and compatibility with all LLVM smart contract languages.
But there was a long period between its initial conception and its mainnet beta launch, which occurred in Q1 2020. In that intervening period, it saw multiple fundraising rounds, with investors including some of the biggest in the ecosystem, such as Andreessen Horowitz, Polychain Capital, Alameda Research, and CoinShares. Of course, all of this has led to people googling such things as “Solana coin price” or “Solana crypto price.” That’s unsurprising, given how much of a buzz the project is creating.
method :
Question :
How has the network performed over the past month compared to the rest of the year? Has transaction per second and success rates of transactions gone up recently? Is this because of less botting or fewer users, or new improvements from the Solana engineers? What wallets and programs have paid the most in fees for failed transactions?
anlaysis :
However, it can be seen that the number of transactions per second has increased in the last month compared to the rest of the year, which has been decreasing.
Also, the ratio of successful to unsuccessful transactions has always been constant and close to each other over time and has not changed much.
