According to a recent H1 2023 network performance report published on July 20th by the Solana Foundation, Solana’s stability and uptime have improved so far this year, with just one outage so far in 2023. 1/ The Solana Foundation has released the most recent @Solana Network Perfo...
- There have been a few major outages on the Solana blockchain throughout the years.
- So far, this year Solana has witnessed just one outage in February.
According to a recent H1 2023 network performance report published on July 20th by the Solana Foundation, Solana’s stability and uptime have improved so far this year, with just one outage so far in 2023.
1/ The Solana Foundation has released the most recent @Solana Network Performance report.— Solana Foundation (@SolanaFndn) July 20, 2023
The Solana network’s performance has improved through H1 2023, as measured by uptime, the ratio of non-voting-to-voting transactions, & more.
Read the full report: https://t.co/naOftyknLA pic.twitter.com/yI9Q8swWdT
Since February 25th, according to the most recent data, Solana has had no downtime at all. This year, in February, there was a single disruption that brought the network down for about 19 hours. It prompted validators to opt for a network restart.
There have been a few major outages on the Solana blockchain throughout the years. In September 2021, a denial-of-service assault by bots spamming Raydium caused a significant outage. Invading robots caused a seven-hour network disruption in May of 2022. Another outage occurred in June 2022 because of a consensus failure induced by a bug.
Major Developments
The network, which is overseen by a large, independent set of validators from across the globe, has improved in a number of performance indicators, as mentioned in the network performance report. These include the ratio of non-voting to voting transactions, the time it takes to produce a block, and the number of transactions processed per second. According to Dune Analytics, the current network throughput is 3,777 transactions per second.
On the development side, state compression is a new innovation that has been introduced on Solana. This method, which allows data to be stored on-chain, has resulted in significant savings. For example, the price of minting 100M NFTs on Solana has dropped to only 50 SOL.
The team behind Solana blockchain, Solana Labs, has also recently released a new development tool called Solang that is fully compatible with the Solidity programming language. Solana Labs has introduced Solang to make the Solana ecosystem more approachable for Ethereum Virtual Machine (EVM) developers.