Solana leads in average daily number of transactions

-

According to a report by analytics platform CoinGecko, in April, the average daily number of transactions per second on the Solana network peaked at 1,504 amid the popularity of memcoins.

The researchers pointed out that Solana's network is 46 times faster than Ethereum, and 5 times faster than Polygon, which has the highest average daily number of transactions per second (TPS) among scaling solutions.

The report emphasizes that Solana has so far only reached just over 1.6% of its possible maximum capacity of 65,000 TPS. In second place is the Sui network with an average daily number of 854 transactions, which was reached last summer.

The relatively fast blockchains that do not support Ethereum virtual machine (EVM) include TON and Near Protocol. BNB Chain and Polygon are leading as the fastest EVM blockchains.

According to CoinGecko, nearly all records for average daily transaction counts were set during 2023 and early 2024, driven by increased activity in the onchain driven by memcoin speculation.

Comments

Post a Comment

Popular posts from this blog

The most unprofitable cryptocurrencies (ADA, MATIC, AVAX)

-
Image
According to IntoTheBlock , over 90% of Cardano, Polygon and Avalanche cryptocurrency holders are in a losing position. Cardano (ADA) IntoTheBlock data shows that 95% of Cardano (ADA) investors have remained in a loss. At the same time, 4% of holders find themselves in a break-even position, and early Cardano holders stopped receiving income at all (0%). The majority of ADA holders, over 60%, are long-term holders who have owned Cardano cryptocurrency for a year or more. Polygon (MATIC) 96% of Polygon (MATIC) holders are in minus. 0% of Polygon investors have a breakeven position. Only 4% of early MATIC holders are making a profit on their investment in the asset. 59% of holders have kept their crypto assets for more than a year. According to IntoTheBlock, 85% of Polygon's traded shares are in the hands of large holders, and none of the investors are getting returns from investing in MATIC. Avalanche (AVAX) Avalanche (AVAX) ranks 19th in market capitalization, accordi
Read more

New cryptocurrency security technologies

-
Image
Hacking of blockchain platforms is a growing concern in the digital community. According to Immunefi, a company specializing in cryptocurrency network security, hackers withdrew over $200 million from 32 projects in the first 2 months of 2024. That's 15.4% more than in January and February 2023. The total damage from exploits last year amounted to $1.8 billion. To ensure the security of cryptocurrency platforms, developers are constantly improving technologies. Main risks in the cryptocurrency market Investing in digital currency attracts high returns. Therefore, there are many dangers in the cryptocurrency market. Analysts combine the risks into several groups: Vulnerabilities in cryptocurrency wallet security systems. Private keys, which are 256-bit code, securely guard access to vaults. It would take attackers millions of years to crack them. Wallets become vulnerable due to bugs in the program and user errors. Phishing attacks. Attackers often use fake emails on beh
Read more

Should we expect a Bull Run in 2023?

-
Image
First, let's take a look at how Bull Runs have happened in past years: 2013 There were several price spikes in 2013, with the rate gradually climbing until it went into a rapid growth phase and went from $13 to $1,000 in November. Having reached a high, by December the exchange rate had fallen to $500. 2017 In January, the exchange rate returned to $1,000 and continued to grow. By May it doubled, and by December it reached a new historical maximum ($19,000). The growth of the exchange rate was going by leaps and bounds due to traders' uncertainty about the future vector of the price vision. After reaching the high, the price dropped below $10,000. 2020–2021 From the fall of 2020, the trend turned upward ($10,000) and reached $64,000 by April 2021. After that, there was a fall by more than 2 times. The rate recovered by November and reached $69,000. After updating the historical maximum, the rate began to fall. Bitcoin spent all of 2022 in a downtrend. Now let's l
Read more