Solana leads in average daily number of transactions

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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.

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