In the grand theater of blockchain absurdity, Solana decided to put on a show last weekend, just to remind us all that technology can sometimes be more theatrical than practical. With a flourish, it briefly leapt beyond 100,000 transactions per second-because why not? Who needs modesty when you have numbers that look like they belong in a sci-fi movie, right? 🎭
Late on a Sunday-because those are the magic hours for blockchain miracles-a block that no normal human would notice managed to rack up 43,016 successful deals, and, just for the thrill, 50 spectacular failures. This spectacle pushed the peak TPS to dizzying heights of 107,540, as shared by Mert Mumtaz, an oracle of sorts, or perhaps just a very enthusiastic data guy. Can you imagine the celebration? Probably not, but we’ll pretend they threw a party. 🎉📉
Solana Hits Six-Figure TPS-It’s Officially Crazy
The secret sauce? No-operation, or “noop,” calls-tiny instructions that don’t really do much except inflate the numbers like a bad balloon animal. These are the blockchain’s version of Easter eggs-except instead of chocolates, you get stress tests and confused miners. While these transactions march on, doing their minimal dance, they don’t exactly reflect what normal users are up to-unless your idea of fun is watching your network shimmer with meaningless activity. 🤡
Mumtaz, ever the pragmatic dreamer, warns us that even these lightweight transactions aren’t entirely cost-free. They still require signature verifications, data loads, and other overheads-proof that in the world of crypto, nothing truly comes free unless you’re willing to sell your soul. Or at least your hashing power. 🔑
He also confesses that, under perfect conditions, Solana might comfortably handle somewhere between 80,000 and 100,000 TPS for real stuff-transfers, oracle updates, and other joys of blockchain life. But who’s counting? Certainly not the average user, who pecks along at a measly 3,700 TPS according to Solscan-the validator votes alone inflate this number, making it look busier than a governmental meeting. And real transactions for your digital coffee? A mere thousand TPS. Cheers to that. 🥂
Price Pilates and Institutional Gymnastics 🤸♂️💰
Meanwhile, SOL tries to stay above $200, but the crypto market is more stubborn than a mule on a hill-dipping nearly 5% in a day, now flirting around $183. It’s like watching a rollercoaster that refuses to get off and just keeps going down. But amidst all this chaos, institutional investors are still very much in the game-holding over 3.5 million tokens through companies like Upexi, DeFi Developments, SOL Strategies, and Torrent Capital. Their stake, a tiny 0.65%, is enough to make you wonder if we’re all just pawns in a very elaborate chess game.♟️
They’ve been accumulating these tokens faster than you can say “HODL,” riding the waves with some nice staking rewards along the way. So, while the market dances to its unpredictable tune, behind the scenes, big players are quietly doing the math. Because if there’s one thing crypto loves, it’s a good gamble-and a good story to tell when the moon eventually appears. 🌝
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2025-08-18 20:02